Golub Capital BDC
GBDC
133 hedge funds and large institutions have $434M invested in Golub Capital BDC in 2016 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 46 increasing their positions, 44 reducing their positions, and 9 closing their positions.
133% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 9
43.8% more ownership
Funds ownership: 0% → 43.8% (+44%)
7% more funds holding
Funds holding: 124 → 133 (+9)
5% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 44
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
13% less capital invested
Capital invested by funds: $500M → $434M (-$65.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Muzinich & Co
New York
|
+$9.41M |
| 2 |
AM
Ares Management
Los Angeles,
California
|
+$8.73M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$3.05M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$2.51M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$12.4M |
| 2 |
ClearBridge Investments
New York
|
-$7.18M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$4.68M |
| 4 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$4.23M |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$1.86M |
GBDC Hedge Fund Activity: Q4 2016 in Review
133 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q4 2016, worth a combined $434M — down 13% from $500M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new GBDC positions and 9 closed out — a net gain of 12 holders — while 46 added to existing stakes and 44 trimmed.
The largest buyer was Muzinich & Co, adding an estimated $9.41M. The largest seller was Bank of New York Mellon, cutting an estimated $12.4M.
- 133 institutional investors held Golub Capital BDC (GBDC) as of Q4 2016, up from 124 in Q3 2016.
- Funds reported $434M of Golub Capital BDC stock for Q4 2016, down 13% quarter-over-quarter.
- 21 funds opened new Golub Capital BDC positions in Q4 2016 and 9 closed out, a net change of +12 holders.
- The largest Golub Capital BDC buyer in Q4 2016 was Muzinich & Co, an estimated $9.41M added.
- The largest Golub Capital BDC seller in Q4 2016 was Bank of New York Mellon, an estimated $12.4M sold.
Based on aggregated 13F filings for Q4 2016.