Golub Capital BDC
GBDC
228 hedge funds and large institutions have $955M invested in Golub Capital BDC in 2023 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 89 increasing their positions, 79 reducing their positions, and 34 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 79
0% more funds holding in top 10
Funds holding in top 10: 12 → 12 (0)
2% less capital invested
Capital invested by funds: $974M → $955M (-$19.9M)
7% less call options, than puts
Call options by funds: $542K | Put options by funds: $584K
2.34% less ownership
Funds ownership: 43.36% → 41.02% (-2.3%)
10% less funds holding
Funds holding: 252 → 228 (-24)
50% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 34
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSV Asset Management
Chicago,
Illinois
|
+$10.5M |
| 2 |
BTCPP
Border to Coast Pensions Partnership
Leeds,
United Kingdom
|
+$3.37M |
| 3 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
+$3.11M |
| 4 |
VanEck Associates
New York
|
+$2.84M |
| 5 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$2.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFBLI
Southern Farm Bureau Life Insurance
Jackson,
Mississippi
|
-$13M |
| 2 |
Millennium Management
New York
|
-$11.5M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$10.8M |
| 4 |
SO
STRS Ohio
Columbus,
Ohio
|
-$8.98M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.21M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GC
251
Grimes & Company
Westborough,
Massachusetts
| – | -$157K | -11,901 | Closed |
|
|
SCI
252
Stableford Capital II
Scottsdale,
Arizona
| – | -$144K | -10,789 | Closed |
|
|
FWA
253
FSM Wealth Advisors
Cleveland,
Ohio
| – | -$138K | -10,486 | Closed |
|
|
ACP
254
Arcus Capital Partners
Atlanta,
Georgia
| – | -$64.5K | -4,900 | Closed |
|
|
BLC
255
Brown, Lisle/Cummings
Providence,
Rhode Island
| – | -$54.7K | -4,160 | Closed |
|
|
MS
256
Madden Securities
Dallas,
Texas
| – | -$26.3K | -2,000 | Closed |
|
|
QL
257
Quarry LP
New York
| – | -$19.1K | -1,452 | Closed |
|
|
AF
258
Advisornet Financial
Minnetonka,
Minnesota
| – | -$17.1K | -1,300 | Closed |
|
|
AC
259
Amitell Capital
Singapore
| – | -$8.84K | -672 | Closed |
|
|
MCC
260
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$4.47K | -340 | Closed |
|
261
Fidelity Investments
Boston,
Massachusetts
| – | -$13 | -1 | Closed |
|
GBDC Hedge Fund Activity: Q1 2023 in Review
228 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q1 2023, worth a combined $955M — down 2% from $974M a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of GBDC and 17 opened new positions — a net loss of 17 holders — while 79 trimmed existing stakes and 89 added.
The largest buyer was LSV Asset Management, adding an estimated $10.5M. The largest seller was Southern Farm Bureau Life Insurance, cutting an estimated $13M.
- 228 institutional investors held Golub Capital BDC (GBDC) as of Q1 2023, down from 252 in Q4 2022.
- Funds reported $955M of Golub Capital BDC stock for Q1 2023, down 2% quarter-over-quarter.
- 17 funds opened new Golub Capital BDC positions in Q1 2023 and 34 closed out, a net change of -17 holders.
- The largest Golub Capital BDC buyer in Q1 2023 was LSV Asset Management, an estimated $10.5M added.
- The largest Golub Capital BDC seller in Q1 2023 was Southern Farm Bureau Life Insurance, an estimated $13M sold.
Based on aggregated 13F filings for Q1 2023.