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Golub Capital BDC
GBDC

102 hedge funds and large institutions have $345M invested in Golub Capital BDC in 2014 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 40 increasing their positions, 30 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 30

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

11% less funds holding

Funds holding: 114 → 102 (-12)

14% less capital invested

Capital invested by funds: $403M → $345M (-$57.8M)

57% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 21

Holders
102
Holders Change
-12
Holders Change %
-10.53%
% of All Funds
2.96%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
9
Increased
40
Reduced
30
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
ClearBridge Investments
ClearBridge Investments
New York
+$4.54M
2
ALA
Atherton Lane Advisers
California
+$1.53M
3
AIU
Algebris Investments (UK)
United Kingdom
+$1.46M
4
JMPWA
JP Morgan Private Wealth Advisors
California
+$1.29M
5
NRS
Neville Rodie & Shaw
New York
+$1.11M

Top Sellers

Rank Fund Capital Flow
1
Deutsche Bank
Deutsche Bank
Germany
-$4.3M
2
U
UBS
Switzerland
-$3.76M
3
CIM
Confluence Investment Management
Missouri
-$3.22M
4
PP
Paloma Partners
Connecticut
-$2.84M
5
Northern Trust
Northern Trust
Illinois
-$2.39M
Name Holding Trade Value Shares
Change 		Change in
Stake
Northern Trust
26
Northern Trust
Illinois
$2.86M -$2.39M -143,832 -44%
BF
27
BOK Financial
Oklahoma
$2.26M +$14.2K +857 +0.6%
GT
28
Glenmede Trust
Pennsylvania
$2.25M -$87.1K -5,244 -4%
Brown Advisory
29
Brown Advisory
Maryland
$2.15M -$65K -3,912 -3%
UBS AM
30
UBS AM
Illinois
$2.03M +$294K +17,686 +16%
TC
31
Travelers Companies
Minnesota
$2.01M – – –
VanEck Associates
32
VanEck Associates
New York
$1.91M +$17.3K +1,043 +0.9%
Stifel Financial
33
Stifel Financial
Missouri
$1.63M +$1.73K +104 +0.1%
AR
34
Advisory Research
Illinois
$1.48M +$252K +15,172 +19%
SMDAM
35
Sumitomo Mitsui DS Asset Management
Japan
$1.48M +$252K +15,172 +19%
AIU
36
Algebris Investments (UK)
United Kingdom
$1.37M +$1.46M +87,806 New
Susquehanna International Group
37
Susquehanna International Group
Pennsylvania
$1.36M +$94.3K +5,674 +7%
Morgan Stanley
38
Morgan Stanley
New York
$1.31M -$884K -53,192 -39%
State Street
39
State Street
Massachusetts
$979K +$39K +2,349 +4%
WRM
40
Westport Resources Management
Connecticut
$956K +$27.6K +1,659 +3%
DM
41
Delphi Management
Massachusetts
$952K – – –
RFC
42
Russell Frank Company
Washington
$914K – – –
WJA
43
Williams Jones & Associates
New York
$889K +$276K +16,591 +41%
PPA
44
Parametric Portfolio Associates
Washington
$788K +$134K +8,044 +19%
MLL
45
Moody Lynn & Lieberson
Massachusetts
$771K -$11.5K -694 -1%
ZCM
46
Zebra Capital Management
Connecticut
$741K +$33.6K +2,023 +4%
WSCM
47
Wellington Shields Capital Management
New York
$734K +$8.49K +511 +1%
HB
48
Homrich & Berg
Georgia
$690K +$29.9K +1,800 +4%
Legal & General Group
49
Legal & General Group
United Kingdom
$681K +$55.2K +3,325 +8%
Millennium Management
50
Millennium Management
New York
$634K -$21K -1,265 -3%
1
2
3 4 5

GBDC Hedge Fund Activity: Q3 2014 in Review

102 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q3 2014, worth a combined $345M — down 14% from $403M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of GBDC and 9 opened new positions — a net loss of 12 holders — while 30 trimmed existing stakes and 40 added.

The largest buyer was ClearBridge Investments, adding an estimated $4.54M. The largest seller was Deutsche Bank, cutting an estimated $4.3M.

  • 102 institutional investors held Golub Capital BDC (GBDC) as of Q3 2014, down from 114 in Q2 2014.
  • Funds reported $345M of Golub Capital BDC stock for Q3 2014, down 14% quarter-over-quarter.
  • 9 funds opened new Golub Capital BDC positions in Q3 2014 and 21 closed out, a net change of -12 holders.
  • The largest Golub Capital BDC buyer in Q3 2014 was ClearBridge Investments, an estimated $4.54M added.
  • The largest Golub Capital BDC seller in Q3 2014 was Deutsche Bank, an estimated $4.3M sold.

Based on aggregated 13F filings for Q3 2014.