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Golub Capital BDC

337 hedge funds and large institutions have $1.69B invested in Golub Capital BDC in 2025 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 150 increasing their positions, 83 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

118% more call options, than puts

Call options by funds: $1.73M | Put options by funds: $794K

81% more repeat investments, than reductions

Existing positions increased: 150 | Existing positions reduced: 83

47% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 34

18% more funds holding in top 10

Funds holding in top 10: 1113 (+2)

7% more capital invested

Capital invested by funds: $1.58B → $1.69B (+$112M)

3% more funds holding

Funds holding: 326337 (+11)

2.68% more ownership

Funds ownership: 39.11%41.78% (+2.7%)

Holders
337
Holders Change
+11
Holders Change %
+3.37%
% of All Funds
4.52%
Holding in Top 10
13
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+18.18%
% of All Funds
0.17%
New
50
Increased
150
Reduced
83
Closed
34
Calls
$1.73M
Puts
$794K
Net Calls
+$936K
Net Calls Change
+$1.75M
Name Holding Trade Value Shares
Change
Change in
Stake
Franklin Resources
26
Franklin Resources
California
$15.7M +$5.22M +340,001 +49%
MC
27
Muzinich & Co
New York
$14.1M +$3.15M +205,422 +28%
Sumitomo Mitsui Trust Group
28
Sumitomo Mitsui Trust Group
Japan
$14M +$3.25M +211,979 +30%
CAPTRUST Financial Advisors
29
CAPTRUST Financial Advisors
North Carolina
$13.7M +$5.33M +347,034 +62%
LCP
30
LGT Capital Partners
Switzerland
$13.6M +$3.87M +252,000 +39%
HCC
31
Hirtle Callaghan & Co
Pennsylvania
$12.8M
Qube Research & Technologies (QRT)
32
Qube Research & Technologies (QRT)
United Kingdom
$12.4M +$477K +31,054 +4%
BTCPP
33
Border to Coast Pensions Partnership
United Kingdom
$12.1M -$3.07M -200,000 -20%
SIC
34
Sigma Investment Counselors
Michigan
$10.9M +$11.1M +722,268 New
HighTower Advisors
35
HighTower Advisors
Illinois
$10.6M +$762K +49,663 +8%
TG
36
TCW Group
California
$8.6M
DA
37
Denali Advisors
California
$8.4M +$208K +13,524 +2%
OFS
38
OneAscent Financial Services
Alabama
$8.34M +$2.3M +149,632 +37%
Baillie Gifford & Co
39
Baillie Gifford & Co
United Kingdom
$8.3M +$1.99M +129,461 +31%
Two Sigma Advisers
40
Two Sigma Advisers
New York
$8.03M -$688K -44,800 -8%
CCM
41
Callodine Capital Management
Massachusetts
$7.95M
GFL
42
Granite FO LLC
New Hampshire
$7.64M -$453K -29,495 -6%
Wells Fargo
43
Wells Fargo
California
$7.54M +$49.8K +3,246 +0.7%
Neuberger Berman Group
44
Neuberger Berman Group
New York
$7.27M +$52.3K +3,408 +0.7%
Stifel Financial
45
Stifel Financial
Missouri
$6.98M -$604K -39,376 -8%
SAM
46
Shikiar Asset Management
New York
$6.75M -$154K -10,050 -2%
UBS AM
47
UBS AM
Illinois
$6.49M +$6.58M +428,715 New
AI
48
Atria Investments
North Carolina
$6.43M -$8.57M -558,350 -57%
LPL Financial
49
LPL Financial
California
$6.42M +$904K +58,907 +16%
SCM
50
SCS Capital Management
Massachusetts
$6.4M +$6.49M +422,846 New

GBDC Hedge Fund Activity: Q1 2025 in Review

337 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q1 2025, worth a combined $1.69B — up 7.1% from $1.58B a quarter earlier.

Buyers outnumbered sellers: 50 funds opened new GBDC positions and 34 closed out — a net gain of 16 holders — while 150 added to existing stakes and 83 trimmed.

The largest buyer was Generali Asset Management, opening a new position worth an estimated $27.6M. The largest seller was Corient Private Wealth, cutting an estimated $10.1M.

  • 337 institutional investors held Golub Capital BDC (GBDC) as of Q1 2025, up from 326 in Q4 2024.
  • Funds reported $1.69B of Golub Capital BDC stock for Q1 2025, up 7.1% quarter-over-quarter.
  • 50 funds opened new Golub Capital BDC positions in Q1 2025 and 34 closed out, a net change of +16 holders.
  • The largest Golub Capital BDC buyer in Q1 2025 was Generali Asset Management, an estimated $27.6M added.
  • The largest Golub Capital BDC seller in Q1 2025 was Corient Private Wealth, an estimated $10.1M sold.

Based on aggregated 13F filings for Q1 2025.