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Golub Capital BDC
GBDC

110 hedge funds and large institutions have $301M invested in Golub Capital BDC in 2013 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 64 increasing their positions, 17 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

321% more call options, than puts

Call options by funds: $1.08M | Put options by funds: $256K

276% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 17

33% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 9

11% more capital invested

Capital invested by funds: $270M → $301M (+$30.9M)

1% more funds holding

Funds holding: 109 → 110 (+1)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
110
Holders Change
+1
Holders Change %
+0.92%
% of All Funds
3.57%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
12
Increased
64
Reduced
17
Closed
9
Calls
$1.08M
Puts
$256K
Net Calls
+$823K
Net Calls Change
+$471K

Top Buyers

Rank Fund Capital Flow
1
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$6.52M
2
ClearBridge Investments
ClearBridge Investments
New York
+$5.34M
3
ALA
Atherton Lane Advisers
California
+$4.27M
4
BFA
BlackRock Fund Advisors
California
+$3.1M
5
U
UBS
Switzerland
+$3.08M

Top Sellers

Rank Fund Capital Flow
1
Brown Advisory
Brown Advisory
Maryland
-$1.55M
2
HighTower Advisors
HighTower Advisors
Illinois
-$1.54M
3
TC
TFS Capital
Pennsylvania
-$949K
4
Neuberger Berman Group
Neuberger Berman Group
New York
-$861K
5
Bank of America
Bank of America
North Carolina
-$791K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$2.4M +$118K +6,818 +5%
Deutsche Bank
27
Deutsche Bank
Germany
$2.38M +$699K +40,496 +40%
UBS AM
28
UBS AM
Illinois
$2.32M +$46.6K +2,704 +2%
GT
29
Glenmede Trust
Pennsylvania
$2.31M +$802K +46,465 +52%
NIMC
30
NWQ Investment Management Company
California
$2.29M +$2.33M +134,832 New
Brown Advisory
31
Brown Advisory
Maryland
$2.21M -$1.55M -90,109 -41%
SNC
32
Stifel Nicolaus & Co
Missouri
$2.2M -$73.8K -4,277 -3%
BIM
33
BlackRock Investment Management
Delaware
$2.18M +$141K +8,151 +7%
Morgan Stanley
34
Morgan Stanley
New York
$2.1M +$523K +30,320 +32%
ICMC
35
Intrepid Capital Management (Connecticut)
Connecticut
$1.73M – – –
BA
36
BlackRock Advisors
Delaware
$1.48M +$20.5K +1,191 +1%
HC
37
Highmount Capital
New York
$1.36M +$248K +14,391 +22%
DM
38
Delphi Management
Massachusetts
$1.25M +$54.3K +3,145 +4%
California State Teachers Retirement System (CalSTRS)
39
California State Teachers Retirement System (CalSTRS)
California
$1.15M +$102K +5,937 +10%
AllianceBernstein
40
AllianceBernstein
Tennessee
$992K +$55.3K +3,203 +6%
WSCM
41
Wellington Shields Capital Management
New York
$982K -$300K -17,409 -23%
JMPWA
42
JP Morgan Private Wealth Advisors
California
$944K +$959K +55,609 New
MLL
43
Moody Lynn & Lieberson
Massachusetts
$936K +$116K +6,725 +14%
Charles Schwab
44
Charles Schwab
California
$923K +$68.7K +3,982 +8%
AAMU
45
Amundi Asset Management US
Massachusetts
$908K +$180K +10,435 +24%
WRM
46
Westport Resources Management
Connecticut
$871K +$138K +8,015 +18%
Millennium Management
47
Millennium Management
New York
$871K +$514K +29,808 +138%
RhumbLine Advisers
48
RhumbLine Advisers
Massachusetts
$833K -$4.9K -284 -0.6%
FNYS
49
First New York Securities
New York
$832K +$7.28K +422 +0.9%
CIBC World Market
50
CIBC World Market
Ontario, Canada
$804K -$16.6K -963 -2%
1
2
3 4 5

GBDC Hedge Fund Activity: Q3 2013 in Review

110 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q3 2013, worth a combined $301M — up 11% from $270M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new GBDC positions and 9 closed out — a net gain of 3 holders — while 64 added to existing stakes and 17 trimmed.

The largest buyer was 1832 Asset Management, opening a new position worth an estimated $6.52M. The largest seller was Brown Advisory, cutting an estimated $1.55M.

  • 110 institutional investors held Golub Capital BDC (GBDC) as of Q3 2013, up from 109 in Q2 2013.
  • Funds reported $301M of Golub Capital BDC stock for Q3 2013, up 11% quarter-over-quarter.
  • 12 funds opened new Golub Capital BDC positions in Q3 2013 and 9 closed out, a net change of +3 holders.
  • The largest Golub Capital BDC buyer in Q3 2013 was 1832 Asset Management, an estimated $6.52M added.
  • The largest Golub Capital BDC seller in Q3 2013 was Brown Advisory, an estimated $1.55M sold.

Based on aggregated 13F filings for Q3 2013.