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Golub Capital BDC
GBDC

227 hedge funds and large institutions have $1.17B invested in Golub Capital BDC in 2021 Q4 according to their latest regulatory filings, with 49 funds opening new positions, 84 increasing their positions, 60 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

113% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 23

71% more call options, than puts

Call options by funds: $708K | Put options by funds: $413K

40% more repeat investments, than reductions

Existing positions increased: 84 | Existing positions reduced: 60

11% more funds holding

Funds holding: 204 → 227 (+23)

0.68% more ownership

Funds ownership: 44.03% → 44.71% (+0.68%)

1% less capital invested

Capital invested by funds: $1.18B → $1.17B (-$13.7M)

27% less funds holding in top 10

Funds holding in top 10: 11 → 8 (-3)

Holders
227
Holders Change
+23
Holders Change %
+11.27%
% of All Funds
3.49%
Holding in Top 10
8
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-27.27%
% of All Funds
0.12%
New
49
Increased
84
Reduced
60
Closed
23
Calls
$708K
Puts
$413K
Net Calls
+$295K
Net Calls Change
+$1.13M

Top Buyers

Rank Fund Capital Flow
1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$31.5M
2
Millennium Management
Millennium Management
New York
+$19.9M
3
HCC
Hirtle Callaghan & Co
Pennsylvania
+$6.75M
4
Principal Financial Group
Principal Financial Group
Iowa
+$5.44M
5
AM
Ares Management
California
+$4.75M

Top Sellers

Rank Fund Capital Flow
1
SO
STRS Ohio
Ohio
-$23.6M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$23.4M
3
Jane Street
Jane Street
New York
-$16.8M
4
RFA
Radnor Financial Advisors
Pennsylvania
-$5.58M
5
RC
RegentAtlantic Capital
New Jersey
-$4.16M
Name Holding Trade Value Shares
Change 		Change in
Stake
Two Sigma Advisers
26
Two Sigma Advisers
New York
$10.2M -$1.74M -112,500 -15%
Natixis Advisors
27
Natixis Advisors
Massachusetts
$9.01M +$425K +27,426 +5%
MCM
28
McKinley Capital Management
Alaska
$7.24M -$60.8K -3,925 -0.8%
ZCA
29
Zeke Capital Advisors
Pennsylvania
$7.18M – – –
HCC
30
Hirtle Callaghan & Co
Pennsylvania
$6.73M +$6.75M +436,156 New
ECM
31
Evergreen Capital Management
Washington
$5.89M +$316K +20,389 +6%
HWM
32
HB Wealth Management
Georgia
$5.53M +$5.54M +357,945 New
LDFR
33
Lehman & Derafelo Financial Resources
Pennsylvania
$5.52M -$160K -10,349 -3%
Principal Financial Group
34
Principal Financial Group
Iowa
$5.43M +$5.44M +351,529 New
D.E. Shaw & Co
35
D.E. Shaw & Co
New York
$5.38M +$3.56M +230,188 +195%
CIM
36
Confluence Investment Management
Missouri
$5.04M -$4.07K -263 -0.1%
Rockefeller Capital Management
37
Rockefeller Capital Management
New York
$4.77M +$864K +55,803 +22%
ACM
38
Advisors Capital Management
New Jersey
$4.65M +$944K +60,974 +25%
UBS Group
39
UBS Group
Switzerland
$4.54M -$64K -4,130 -1%
Citadel Advisors
40
Citadel Advisors
Florida
$4.52M +$4.2M +271,470 +1,285%
RVPG
41
Relative Value Partners Group
$4.45M +$95.1K +6,140 +2%
First Trust Advisors
42
First Trust Advisors
Illinois
$4.45M -$264K -17,027 -6%
TP
43
Tranquility Partners
Tennessee
$4.41M +$381K +24,611 +9%
CWM
44
Curi Wealth Management
North Carolina
$4.03M +$567K +36,637 +16%
HF
45
HRT Financial
New York
$3.77M +$3.78M +244,081 New
ECG
46
Edge Capital Group
Georgia
$3.73M +$457K +29,495 +14%
LPL Financial
47
LPL Financial
California
$3.73M +$480K +31,011 +15%
AC
48
Amitell Capital
Singapore
$3.69M – – –
UCFA
49
United Capital Financial Advisors
Texas
$3.66M +$317K +20,470 +9%
NEAM
50
New England Asset Management
Connecticut
$3.6M – – –
1
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GBDC Hedge Fund Activity: Q4 2021 in Review

227 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q4 2021, worth a combined $1.17B — down 1.2% from $1.18B a quarter earlier.

Buyers outnumbered sellers: 49 funds opened new GBDC positions and 23 closed out — a net gain of 26 holders — while 84 added to existing stakes and 60 trimmed.

The largest buyer was Baillie Gifford & Co, adding an estimated $31.5M. The largest seller was STRS Ohio, cutting an estimated $23.6M.

  • 227 institutional investors held Golub Capital BDC (GBDC) as of Q4 2021, up from 204 in Q3 2021.
  • Funds reported $1.17B of Golub Capital BDC stock for Q4 2021, down 1.2% quarter-over-quarter.
  • 49 funds opened new Golub Capital BDC positions in Q4 2021 and 23 closed out, a net change of +26 holders.
  • The largest Golub Capital BDC buyer in Q4 2021 was Baillie Gifford & Co, an estimated $31.5M added.
  • The largest Golub Capital BDC seller in Q4 2021 was STRS Ohio, an estimated $23.6M sold.

Based on aggregated 13F filings for Q4 2021.