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Golub Capital BDC
GBDC

249 hedge funds and large institutions have $1.01B invested in Golub Capital BDC in 2023 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 97 increasing their positions, 67 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

70% more call options, than puts

Call options by funds: $904K | Put options by funds: $531K

45% more repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 67

39% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 23

11% more funds holding in top 10

Funds holding in top 10: 9 → 10 (+1)

7% more capital invested

Capital invested by funds: $944M → $1.01B (+$65M)

2% more funds holding

Funds holding: 243 → 249 (+6)

0.46% less ownership

Funds ownership: 41.03% → 40.57% (-0.46%)

Holders
249
Holders Change
+6
Holders Change %
+2.47%
% of All Funds
3.95%
Holding in Top 10
10
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+11.11%
% of All Funds
0.16%
New
32
Increased
97
Reduced
67
Closed
23
Calls
$904K
Puts
$531K
Net Calls
+$373K
Net Calls Change
+$736K

Top Buyers

Rank Fund Capital Flow
1
AIM
Allen Investment Management
New York
+$10.4M
2
Goldman Sachs
Goldman Sachs
New York
+$5.54M
3
Millennium Management
Millennium Management
New York
+$4.56M
4
PFO
Pathstone Family Office
New Jersey
+$3.55M
5
Two Sigma Investments
Two Sigma Investments
New York
+$2.82M

Top Sellers

Rank Fund Capital Flow
1
Cerity Partners
Cerity Partners
New York
-$24.9M
2
SFBLI
Southern Farm Bureau Life Insurance
Mississippi
-$10.3M
3
SO
STRS Ohio
Ohio
-$5.95M
4
OAC
OMERS Administration Corp
Ontario, Canada
-$4.83M
5
BlackRock
BlackRock
New York
-$3.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
MC
26
Muzinich & Co
New York
$8.84M +$290K +20,409 +4%
Sumitomo Mitsui Trust Group
27
Sumitomo Mitsui Trust Group
Japan
$8.64M +$311K +21,950 +4%
CBA
28
Coastal Bridge Advisors
Connecticut
$8.4M +$196K +13,811 +2%
Bank of America
29
Bank of America
North Carolina
$8.26M -$1.32M -92,748 -14%
TP
30
Tranquility Partners
Tennessee
$7.32M +$1.1M +77,535 +18%
MCM
31
McKinley Capital Management
Alaska
$7M -$267K -18,787 -4%
CIBC Private Wealth Group
32
CIBC Private Wealth Group
Georgia
$6.53M -$1.05M -74,183 -14%
HighTower Advisors
33
HighTower Advisors
Illinois
$6.5M +$147K +10,377 +2%
ECG
34
Edge Capital Group
Georgia
$6.28M +$305K +21,509 +5%
NFC
35
Northeast Financial Consultants
Connecticut
$6.04M -$389K -27,389 -6%
ACM
36
Advisors Capital Management
New Jersey
$5.83M +$98.2K +6,922 +2%
Goldman Sachs
37
Goldman Sachs
New York
$5.73M +$5.54M +390,273 New
Neuberger Berman Group
38
Neuberger Berman Group
New York
$5.36M +$375K +26,412 +8%
CIM
39
Confluence Investment Management
Missouri
$5.16M +$571K +40,231 +13%
UBS Group
40
UBS Group
Switzerland
$5.06M -$336K -23,713 -6%
CS
41
Credit Suisse
Switzerland
$5.03M – – –
National Bank of Canada
42
National Bank of Canada
Quebec, Canada
$4.73M – – –
MFG
43
Merit Financial Group
Georgia
$4.34M – – –
PC
44
Prairiewood Capital
North Dakota
$4.24M +$114K +8,013 +3%
EBA
45
Eagle Bay Advisors
New York
$3.88M +$263K +18,565 +8%
GFL
46
Granite FO LLC
New Hampshire
$3.82M -$92.2K -6,500 -2%
LPL Financial
47
LPL Financial
California
$3.72M +$113K +7,989 +3%
PFO
48
Pathstone Family Office
New Jersey
$3.67M +$3.55M +250,447 New
CCM
49
Callodine Capital Management
Massachusetts
$3.67M +$709K +50,000 +25%
NEAM
50
New England Asset Management
Connecticut
$3.42M – – –
1
2
3 4 5

GBDC Hedge Fund Activity: Q3 2023 in Review

249 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q3 2023, worth a combined $1.01B — up 6.9% from $944M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new GBDC positions and 23 closed out — a net gain of 9 holders — while 97 added to existing stakes and 67 trimmed.

The largest buyer was Allen Investment Management, adding an estimated $10.4M. The largest seller was Cerity Partners, cutting an estimated $24.9M.

  • 249 institutional investors held Golub Capital BDC (GBDC) as of Q3 2023, up from 243 in Q2 2023.
  • Funds reported $1.01B of Golub Capital BDC stock for Q3 2023, up 6.9% quarter-over-quarter.
  • 32 funds opened new Golub Capital BDC positions in Q3 2023 and 23 closed out, a net change of +9 holders.
  • The largest Golub Capital BDC buyer in Q3 2023 was Allen Investment Management, an estimated $10.4M added.
  • The largest Golub Capital BDC seller in Q3 2023 was Cerity Partners, an estimated $24.9M sold.

Based on aggregated 13F filings for Q3 2023.