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Golub Capital BDC
GBDC

260 hedge funds and large institutions have $1.06B invested in Golub Capital BDC in 2023 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 97 increasing their positions, 78 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

268% more call options, than puts

Call options by funds: $1.29M | Put options by funds: $352K

60% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 25

24% more repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 78

4% more funds holding

Funds holding: 249 → 260 (+11)

5% more capital invested

Capital invested by funds: $1.01B → $1.06B (+$48.9M)

0.73% more ownership

Funds ownership: 40.57% → 41.29% (+0.73%)

20% less funds holding in top 10

Funds holding in top 10: 10 → 8 (-2)

Holders
260
Holders Change
+11
Holders Change %
+4.42%
% of All Funds
3.79%
Holding in Top 10
8
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-20%
% of All Funds
0.12%
New
40
Increased
97
Reduced
78
Closed
25
Calls
$1.29M
Puts
$352K
Net Calls
+$942K
Net Calls Change
+$569K

Top Buyers

Rank Fund Capital Flow
1
Cerity Partners
Cerity Partners
New York
+$25.1M
2
Morgan Stanley
Morgan Stanley
New York
+$20.7M
3
Bank of America
Bank of America
North Carolina
+$5.9M
4
Citigroup
Citigroup
New York
+$4.87M
5
AIM
Allen Investment Management
New York
+$3.69M

Top Sellers

Rank Fund Capital Flow
1
SO
STRS Ohio
Ohio
-$27.2M
2
Millennium Management
Millennium Management
New York
-$5.11M
3
NCM
Next Capital Management
New York
-$5.06M
4
National Bank of Canada
National Bank of Canada
Quebec, Canada
-$4.73M
5
LC
Lindbrook Capital
California
-$4.44M
Name Holding Trade Value Shares
Change 		Change in
Stake
Rockefeller Capital Management
26
Rockefeller Capital Management
New York
$9.14M +$765 +52 +0%
PGH
27
Partners Group Holding
Switzerland
$9.05M -$264K -17,961 -3%
MC
28
Muzinich & Co
New York
$8.97M -$126K -8,537 -1%
Sumitomo Mitsui Trust Group
29
Sumitomo Mitsui Trust Group
Japan
$8.79M -$102K -6,919 -1%
Two Sigma Advisers
30
Two Sigma Advisers
New York
$8.48M -$2.55M -173,200 -24%
MCM
31
McKinley Capital Management
Alaska
$7.19M -$18.2K -1,239 -0.3%
NFC
32
Northeast Financial Consultants
Connecticut
$7.08M +$835K +56,770 +14%
Goldman Sachs
33
Goldman Sachs
New York
$6.93M +$1.01M +68,505 +18%
CBA
34
Coastal Bridge Advisors
Connecticut
$6.77M -$1.82M -123,769 -22%
ECG
35
Edge Capital Group
Georgia
$6.62M +$152K +10,314 +2%
UBS Group
36
UBS Group
Switzerland
$5.6M +$388K +26,389 +8%
CIM
37
Confluence Investment Management
Missouri
$5.32M +$3.5K +238 +0.1%
First Trust Advisors
38
First Trust Advisors
Illinois
$5.3M +$3.48M +236,729 +208%
Neuberger Berman Group
39
Neuberger Berman Group
New York
$5.21M -$301K -20,465 -6%
SAM
40
Shikiar Asset Management
New York
$5.17M +$3.28M +223,300 +188%
CCM
41
Callodine Capital Management
Massachusetts
$5.16M +$1.35M +91,628 +37%
TP
42
Tranquility Partners
Tennessee
$5.12M -$2.35M -159,488 -32%
CIBC Private Wealth Group
43
CIBC Private Wealth Group
Georgia
$5.11M -$1.57M -106,619 -24%
ACM
44
Advisors Capital Management
New Jersey
$5.03M -$947K -64,411 -16%
Citigroup
45
Citigroup
New York
$5M +$4.87M +331,177 New
Tudor Investment Corp
46
Tudor Investment Corp
Connecticut
$4.96M +$2.34M +159,063 +94%
CS
47
Credit Suisse
Switzerland
$4.9M -$264K -17,961 -5%
PC
48
Prairiewood Capital
North Dakota
$4.81M +$439K +29,822 +10%
Citadel Advisors
49
Citadel Advisors
Florida
$4.41M +$1.81M +122,974 +73%
LPL Financial
50
LPL Financial
California
$4.13M +$296K +20,140 +8%
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GBDC Hedge Fund Activity: Q4 2023 in Review

260 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q4 2023, worth a combined $1.06B — up 4.8% from $1.01B a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new GBDC positions and 25 closed out — a net gain of 15 holders — while 97 added to existing stakes and 78 trimmed.

The largest buyer was Cerity Partners, adding an estimated $25.1M. The largest seller was STRS Ohio, cutting an estimated $27.2M.

  • 260 institutional investors held Golub Capital BDC (GBDC) as of Q4 2023, up from 249 in Q3 2023.
  • Funds reported $1.06B of Golub Capital BDC stock for Q4 2023, up 4.8% quarter-over-quarter.
  • 40 funds opened new Golub Capital BDC positions in Q4 2023 and 25 closed out, a net change of +15 holders.
  • The largest Golub Capital BDC buyer in Q4 2023 was Cerity Partners, an estimated $25.1M added.
  • The largest Golub Capital BDC seller in Q4 2023 was STRS Ohio, an estimated $27.2M sold.

Based on aggregated 13F filings for Q4 2023.