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Golub Capital BDC

185 hedge funds and large institutions have $1.03B invested in Golub Capital BDC in 2019 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 80 increasing their positions, 33 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

142% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 33

118% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 17

29% more capital invested

Capital invested by funds: $797M → $1.03B (+$235M)

29% more funds holding in top 10

Funds holding in top 10: 79 (+2)

11% more funds holding

Funds holding: 167185 (+18)

10.42% more ownership

Funds ownership: 32.64%43.05% (+10%)

46% less call options, than puts

Call options by funds: $295K | Put options by funds: $543K

Holders
185
Holders Change
+18
Holders Change %
+10.78%
% of All Funds
3.64%
Holding in Top 10
9
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+28.57%
% of All Funds
0.18%
New
37
Increased
80
Reduced
33
Closed
17
Calls
$295K
Puts
$543K
Net Calls
-$248K
Net Calls Change
+$1.34M
Name Holding Trade Value Shares
Change
Change in
Stake
1832 Asset Management
26
1832 Asset Management
Ontario, Canada
$9.63M +$9.31M +527,857 New
ClearBridge Investments
27
ClearBridge Investments
New York
$9.39M -$58.4K -3,308 -0.6%
Lord, Abbett & Co
28
Lord, Abbett & Co
New Jersey
$9.09M -$310K -17,561 -3%
Citadel Advisors
29
Citadel Advisors
Florida
$7.55M +$2.55M +144,490 +53%
UCFA
30
United Capital Financial Advisors
Texas
$7.23M +$60.2K +3,410 +0.9%
DC
31
Derby & Company
Massachusetts
$6.94M +$3.44M +194,726 +103%
GC
32
Guggenheim Capital
Illinois
$6.79M -$117K -6,642 -2%
BlackRock
33
BlackRock
New York
$6.28M +$247K +14,022 +4%
NRS
34
Neville Rodie & Shaw
New York
$5.6M +$7.55K +428 +0.1%
ACM
35
Advisors Capital Management
New Jersey
$4.97M +$259K +14,677 +6%
TYCC
36
Texas Yale Capital Corp
Florida
$4.84M +$29.3K +1,663 +0.6%
MCM
37
McKinley Capital Management
Alaska
$4.68M +$786K +44,531 +21%
NEAM
38
New England Asset Management
Connecticut
$4.3M
LWM
39
Lyell Wealth Management
California
$4.26M +$844K +47,824 +25%
ACM
40
Anfield Capital Management
California
$4.07M +$3.9M +220,774 New
VEA
41
Virtus ETF Advisers
New York
$3.6M +$272K +15,391 +8%
RA
42
Royce & Associates
New York
$3.55M +$351K +19,886 +11%
AIM
43
Allen Investment Management
New York
$3.33M +$2.98M +168,904 +1,111%
CC
44
Cornerstone Capital
California
$3.3M +$285K +16,162 +10%
SQA
45
Simon Quick Advisors
New Jersey
$3.23M +$1.19M +67,545 +61%
AR
46
Advisory Research
Illinois
$3.14M -$307K -17,386 -9%
FIA
47
Foundations Investment Advisors
Arizona
$3.12M +$600K +34,026 +24%
Two Sigma Advisers
48
Two Sigma Advisers
New York
$3.02M +$2.95M +167,240 New
ZCA
49
Zeke Capital Advisors
Pennsylvania
$2.8M -$7.97M -451,618 -74%
GC
50
Gillson Capital
Illinois
$2.8M +$2.73M +154,882 New

GBDC Hedge Fund Activity: Q4 2019 in Review

185 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q4 2019, worth a combined $1.03B — up 29% from $797M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new GBDC positions and 17 closed out — a net gain of 20 holders — while 80 added to existing stakes and 33 trimmed.

The largest buyer was Fort Washington Investment Advisors, adding an estimated $25.4M. The largest seller was Zeke Capital Advisors, cutting an estimated $7.97M.

  • 185 institutional investors held Golub Capital BDC (GBDC) as of Q4 2019, up from 167 in Q3 2019.
  • Funds reported $1.03B of Golub Capital BDC stock for Q4 2019, up 29% quarter-over-quarter.
  • 37 funds opened new Golub Capital BDC positions in Q4 2019 and 17 closed out, a net change of +20 holders.
  • The largest Golub Capital BDC buyer in Q4 2019 was Fort Washington Investment Advisors, an estimated $25.4M added.
  • The largest Golub Capital BDC seller in Q4 2019 was Zeke Capital Advisors, an estimated $7.97M sold.

Based on aggregated 13F filings for Q4 2019.