Golub Capital BDC
GBDC
141 hedge funds and large institutions have $426M invested in Golub Capital BDC in 2017 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 54 increasing their positions, 45 reducing their positions, and 15 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
20% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 15
20% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 45
1% more funds holding
Funds holding: 139 → 141 (+2)
1.47% less ownership
Funds ownership: 41.58% → 40.11% (-1.5%)
7% less capital invested
Capital invested by funds: $456M → $426M (-$29.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$6.55M |
| 2 |
Two Sigma Investments
New York
|
+$2.44M |
| 3 |
SQA
Simon Quick Advisors
Morristown,
New Jersey
|
+$2.34M |
| 4 |
NCM
Novare Capital Management
Charlotte,
North Carolina
|
+$1.98M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$1.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$25M |
| 2 |
MC
Muzinich & Co
New York
|
-$8.15M |
| 3 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
-$3.72M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$2.59M |
| 5 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
-$2.19M |
GBDC Hedge Fund Activity: Q4 2017 in Review
141 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q4 2017, worth a combined $426M — down 6.5% from $456M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new GBDC positions and 15 closed out — a net gain of 3 holders — while 54 added to existing stakes and 45 trimmed.
The largest buyer was Arrowstreet Capital, adding an estimated $6.55M. The largest seller was Bank of New York Mellon, cutting an estimated $25M.
- 141 institutional investors held Golub Capital BDC (GBDC) as of Q4 2017, up from 139 in Q3 2017.
- Funds reported $426M of Golub Capital BDC stock for Q4 2017, down 6.5% quarter-over-quarter.
- 18 funds opened new Golub Capital BDC positions in Q4 2017 and 15 closed out, a net change of +3 holders.
- The largest Golub Capital BDC buyer in Q4 2017 was Arrowstreet Capital, an estimated $6.55M added.
- The largest Golub Capital BDC seller in Q4 2017 was Bank of New York Mellon, an estimated $25M sold.
Based on aggregated 13F filings for Q4 2017.