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Golub Capital BDC

169 hedge funds and large institutions have $821M invested in Golub Capital BDC in 2020 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 58 increasing their positions, 71 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more capital invested

Capital invested by funds: $781M → $821M (+$40.6M)

0% more funds holding in top 10

Funds holding in top 10: 99 (0)

8% less funds holding

Funds holding: 183169 (-14)

12.97% less ownership

Funds ownership: 50.08%37.11% (-13%)

18% less repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 71

38% less call options, than puts

Call options by funds: $1.46M | Put options by funds: $2.34M

43% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 28

Holders
169
Holders Change
-14
Holders Change %
-7.65%
% of All Funds
3.41%
Holding in Top 10
9
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.18%
New
16
Increased
58
Reduced
71
Closed
28
Calls
$1.46M
Puts
$2.34M
Net Calls
-$881K
Net Calls Change
-$555K
Name Holding Trade Value Shares
Change
Change in
Stake
ECM
26
Evergreen Capital Management
Washington
$5.81M +$86.1K +6,895 +2%
Citadel Advisors
27
Citadel Advisors
Florida
$4.96M +$1.19M +94,900 +34%
California Public Employees Retirement System
28
California Public Employees Retirement System
California
$4.82M +$992K +79,440 +28%
CIM
29
Confluence Investment Management
Missouri
$4.78M +$2.33K +187 +0.1%
ZCA
30
Zeke Capital Advisors
Pennsylvania
$4.5M -$1.25M -100,000 -23%
ACM
31
Advisors Capital Management
New Jersey
$4M -$334K -26,725 -8%
GC
32
Guggenheim Capital
Illinois
$3.9M -$338K -27,049 -8%
NCM
33
Next Capital Management
New York
$3.45M +$1.13M +90,255 +53%
UCFA
34
United Capital Financial Advisors
Texas
$3.29M +$15.6K +1,250 +0.5%
Ameriprise
35
Ameriprise
Minnesota
$3.28M -$500 -40 -0%
LDFR
36
Lehman & Derafelo Financial Resources
Pennsylvania
$3.27M +$3.08M +246,945 New
NEAM
37
New England Asset Management
Connecticut
$3.08M
RVPG
38
Relative Value Partners Group
$3.02M +$142K +11,330 +5%
NRS
39
Neville Rodie & Shaw
New York
$2.97M -$277K -22,199 -9%
AIM
40
Allen Investment Management
New York
$2.96M
RCM
41
Rivernorth Capital Management
Florida
$2.9M -$31.3M -2,507,395 -92%
Arrowstreet Capital
42
Arrowstreet Capital
Massachusetts
$2.87M -$5.81M -465,053 -68%
TYCC
43
Texas Yale Capital Corp
Florida
$2.87M -$58.5K -4,683 -2%
Rockefeller Capital Management
44
Rockefeller Capital Management
New York
$2.85M -$270K -21,623 -9%
SQA
45
Simon Quick Advisors
New Jersey
$2.78M -$90.7K -7,264 -3%
CFB
46
Cullen/Frost Bankers
Texas
$2.59M +$58K +4,640 +2%
AR
47
Advisory Research
Illinois
$2.22M -$172K -13,746 -8%
V
48
Veritable
Delaware
$2M +$617K +49,409 +49%
RCM
49
Radcliffe Capital Management
Pennsylvania
$1.99M -$338K -27,100 -15%
TIM
50
Triad Investment Management
California
$1.84M -$92.9K -7,442 -5%

GBDC Hedge Fund Activity: Q3 2020 in Review

169 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q3 2020, worth a combined $821M — up 5.2% from $781M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of GBDC and 16 opened new positions — a net loss of 12 holders — while 71 trimmed existing stakes and 58 added.

The largest buyer was JP Morgan Chase, adding an estimated $13.4M. The largest seller was Rivernorth Capital Management, cutting an estimated $31.3M.

  • 169 institutional investors held Golub Capital BDC (GBDC) as of Q3 2020, down from 183 in Q2 2020.
  • Funds reported $821M of Golub Capital BDC stock for Q3 2020, up 5.2% quarter-over-quarter.
  • 16 funds opened new Golub Capital BDC positions in Q3 2020 and 28 closed out, a net change of -12 holders.
  • The largest Golub Capital BDC buyer in Q3 2020 was JP Morgan Chase, an estimated $13.4M added.
  • The largest Golub Capital BDC seller in Q3 2020 was Rivernorth Capital Management, an estimated $31.3M sold.

Based on aggregated 13F filings for Q3 2020.