Golub Capital BDC
GBDC
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.
5% more capital invested
Capital invested by funds: $781M → $821M (+$40.6M)
0% more funds holding in top 10
Funds holding in top 10: 9 → 9 (0)
8% less funds holding
Funds holding: 183 → 169 (-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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$13.4M |
| 2 |
BlackRock
New York
|
+$7.86M |
| 3 |
SO
STRS Ohio
Columbus,
Ohio
|
+$6.25M |
| 4 |
LDFR
Lehman & Derafelo Financial Resources
Media,
Pennsylvania
|
+$3.08M |
| 5 |
Natixis Advisors
Boston,
Massachusetts
|
+$2.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$31.3M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$5.81M |
| 3 |
C
Cliffwater
Marina Del Rey,
California
|
-$4.3M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
-$3.52M |
| 5 |
GC
Gillson Capital
Chicago,
Illinois
|
-$3.17M |
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.