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Golub Capital BDC

118 hedge funds and large institutions have $326M invested in Golub Capital BDC in 2016 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 36 increasing their positions, 41 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 11

4% more funds holding

Funds holding: 114118 (+4)

12% less capital invested

Capital invested by funds: $369M → $326M (-$42.8M)

12% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 41

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
118
Holders Change
+4
Holders Change %
+3.51%
% of All Funds
3.14%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
16
Increased
36
Reduced
41
Closed
11
Calls
$1.3M
Puts
Net Calls
+$1.3M
Net Calls Change
+$611K
Name Holding Trade Value Shares
Change
Change in
Stake
GC
26
Guggenheim Capital
Illinois
$3.51M +$317K +19,779 +11%
TG
27
TCW Group
California
$3.5M -$276K -17,249 -8%
VanEck Associates
28
VanEck Associates
New York
$3.38M +$28.6K +1,786 +0.9%
Brown Advisory
29
Brown Advisory
Maryland
$3.17M -$1.99M -124,356 -40%
DFG
30
Delphi Financial Group
Delaware
$3.14M +$2.97M +185,199 New
BF
31
BOK Financial
Oklahoma
$2.79M -$24.9K -1,556 -0.9%
EIA
32
Edgemoor Investment Advisors
Maryland
$2.59M +$499K +31,144 +26%
JMPWA
33
JP Morgan Private Wealth Advisors
California
$2.58M +$30.4K +1,898 +1%
MHI
34
Miller Howard Investments
New York
$2.28M
AAM
35
Advisors Asset Management
Colorado
$2.19M +$611K +38,148 +42%
Northern Trust
36
Northern Trust
Illinois
$1.89M +$1.93M +120,631 New
Legal & General Group
37
Legal & General Group
United Kingdom
$1.72M +$339K +21,131 +26%
GT
38
Glenmede Trust
Pennsylvania
$1.64M -$418K -26,112 -21%
UBS AM
39
UBS AM
Illinois
$1.52M -$58.2K -3,633 -4%
JC
40
JBF Capital
Colorado
$1.39M
Susquehanna International Group
41
Susquehanna International Group
Pennsylvania
$1.29M -$75.7K -4,722 -6%
EWM
42
Evercore Wealth Management
New York
$1.21M
RJA
43
Raymond James & Associates
Florida
$1.2M +$32.2K +2,010 +3%
DM
44
Delphi Management
Massachusetts
$978K -$31.3K -1,951 -3%
CC
45
Cornerstone Capital
California
$955K
GF
46
Gerstein Fisher
New York
$942K +$273K +17,034 +44%
D.E. Shaw & Co
47
D.E. Shaw & Co
New York
$913K +$638K +39,816 +283%
V
48
Veritable
Delaware
$863K -$62.9K -3,928 -7%
TC
49
Travelers Companies
Minnesota
$855K -$204K -12,763 -20%
PPA
50
Parametric Portfolio Associates
Washington
$841K -$5.05K -315 -0.6%

GBDC Hedge Fund Activity: Q1 2016 in Review

118 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q1 2016, worth a combined $326M — down 12% from $369M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new GBDC positions and 11 closed out — a net gain of 5 holders — while 36 added to existing stakes and 41 trimmed.

The largest buyer was Schroder Investment Management Group, adding an estimated $3.95M. The largest seller was Credit Suisse, exiting entirely with an estimated $4.46M sold.

  • 118 institutional investors held Golub Capital BDC (GBDC) as of Q1 2016, up from 114 in Q4 2015.
  • Funds reported $326M of Golub Capital BDC stock for Q1 2016, down 12% quarter-over-quarter.
  • 16 funds opened new Golub Capital BDC positions in Q1 2016 and 11 closed out, a net change of +5 holders.
  • The largest Golub Capital BDC buyer in Q1 2016 was Schroder Investment Management Group, an estimated $3.95M added.
  • The largest Golub Capital BDC seller in Q1 2016 was Credit Suisse, an estimated $4.46M sold.

Based on aggregated 13F filings for Q1 2016.