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Golub Capital BDC
GBDC

102 hedge funds and large institutions have $345M invested in Golub Capital BDC in 2014 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 40 increasing their positions, 30 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 30

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

11% less funds holding

Funds holding: 114 → 102 (-12)

14% less capital invested

Capital invested by funds: $403M → $345M (-$57.8M)

57% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 21

Holders
102
Holders Change
-12
Holders Change %
-10.53%
% of All Funds
2.96%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
9
Increased
40
Reduced
30
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
ClearBridge Investments
ClearBridge Investments
New York
+$4.54M
2
ALA
Atherton Lane Advisers
California
+$1.53M
3
AIU
Algebris Investments (UK)
United Kingdom
+$1.46M
4
JMPWA
JP Morgan Private Wealth Advisors
California
+$1.29M
5
NRS
Neville Rodie & Shaw
New York
+$1.11M

Top Sellers

Rank Fund Capital Flow
1
Deutsche Bank
Deutsche Bank
Germany
-$4.3M
2
U
UBS
Switzerland
-$3.76M
3
CIM
Confluence Investment Management
Missouri
-$3.22M
4
PP
Paloma Partners
Connecticut
-$2.84M
5
Northern Trust
Northern Trust
Illinois
-$2.39M
Name Holding Trade Value Shares
Change 		Change in
Stake
CIBC Private Wealth Group
51
CIBC Private Wealth Group
Georgia
$573K +$30.5K +1,833 +5%
William Blair & Company
52
William Blair & Company
Illinois
$540K – – –
BAS
53
Brown Advisory Securities
Maryland
$499K +$731 +44 +0.1%
Cambridge Investment Research Advisors
54
Cambridge Investment Research Advisors
Iowa
$480K -$84.5K -5,083 -14%
NSIM
55
North Star Investment Management
Illinois
$477K +$92.6K +5,575 +22%
MIC
56
Meridian Investment Counsel
California
$474K +$209K +12,559 +71%
ICAS
57
Investors Capital Advisory Services
Massachusetts
$454K -$439K -26,419 -48%
MC
58
Moors & Cabot
Massachusetts
$445K +$4.59K +276 +1%
Norges Bank
59
Norges Bank
Norway
$439K -$451K -27,118 -49%
Royal Bank of Canada
60
Royal Bank of Canada
Ontario, Canada
$406K +$372K +22,410 +627%
Commonwealth Equity Services
61
Commonwealth Equity Services
Massachusetts
$377K +$112K +6,764 +39%
ACM
62
Ativo Capital Management
Illinois
$371K +$17 +1 +0%
Bank of New York Mellon
63
Bank of New York Mellon
New York
$370K -$84.5K -5,085 -18%
CMANY
64
Capital Management Associates (New York)
New York
$356K – – –
MERSOM
65
Municipal Employees' Retirement System of Michigan
Michigan
$319K – – –
Citadel Advisors
66
Citadel Advisors
Florida
$302K -$15K -900 -4%
IIC
67
Ironwood Investment Counsel
Arizona
$279K – – –
PHS
68
Pekin Hardy Strauss
Illinois
$270K -$50.2K -3,022 -15%
VFS
69
VSR Financial Services
Kansas
$246K – – –
EWM
70
Evercore Wealth Management
New York
$246K +$134K +8,065 +105%
RJA
71
Raymond James & Associates
Florida
$233K -$150K -9,042 -38%
AL
72
Airain Ltd
Guernsey
$217K +$231K +13,906 New
CFA
73
Carroll Financial Associates
North Carolina
$206K – – –
NCMW
74
Northern Capital Management (Wisconsin)
Wisconsin
$197K +$209K +12,597 New
California Public Employees Retirement System
75
California Public Employees Retirement System
California
$196K – – –
1 2
3
4 5

GBDC Hedge Fund Activity: Q3 2014 in Review

102 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q3 2014, worth a combined $345M — down 14% from $403M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of GBDC and 9 opened new positions — a net loss of 12 holders — while 30 trimmed existing stakes and 40 added.

The largest buyer was ClearBridge Investments, adding an estimated $4.54M. The largest seller was Deutsche Bank, cutting an estimated $4.3M.

  • 102 institutional investors held Golub Capital BDC (GBDC) as of Q3 2014, down from 114 in Q2 2014.
  • Funds reported $345M of Golub Capital BDC stock for Q3 2014, down 14% quarter-over-quarter.
  • 9 funds opened new Golub Capital BDC positions in Q3 2014 and 21 closed out, a net change of -12 holders.
  • The largest Golub Capital BDC buyer in Q3 2014 was ClearBridge Investments, an estimated $4.54M added.
  • The largest Golub Capital BDC seller in Q3 2014 was Deutsche Bank, an estimated $4.3M sold.

Based on aggregated 13F filings for Q3 2014.