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Golub Capital BDC

185 hedge funds and large institutions have $1.03B invested in Golub Capital BDC in 2019 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 80 increasing their positions, 33 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

142% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 33

118% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 17

29% more capital invested

Capital invested by funds: $797M → $1.03B (+$235M)

29% more funds holding in top 10

Funds holding in top 10: 79 (+2)

11% more funds holding

Funds holding: 167185 (+18)

10.42% more ownership

Funds ownership: 32.64%43.05% (+10%)

46% less call options, than puts

Call options by funds: $295K | Put options by funds: $543K

Holders
185
Holders Change
+18
Holders Change %
+10.78%
% of All Funds
3.64%
Holding in Top 10
9
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+28.57%
% of All Funds
0.18%
New
37
Increased
80
Reduced
33
Closed
17
Calls
$295K
Puts
$543K
Net Calls
-$248K
Net Calls Change
+$1.34M
Name Holding Trade Value Shares
Change
Change in
Stake
JP Morgan Chase
51
JP Morgan Chase
New York
$2.76M -$585K -33,140 -18%
PHS
52
Pekin Hardy Strauss
Illinois
$2.63M +$656K +37,191 +34%
Invesco
53
Invesco
Georgia
$2.62M +$551K +31,207 +27%
California Public Employees Retirement System
54
California Public Employees Retirement System
California
$2.56M +$299K +16,946 +14%
CFB
55
Cullen/Frost Bankers
Texas
$2.33M +$420K +23,827 +23%
RJA
56
Raymond James & Associates
Florida
$2.33M +$184K +10,411 +9%
Aberdeen Group
57
Aberdeen Group
United Kingdom
$2.28M +$1.23M +69,939 +125%
V
58
Veritable
Delaware
$2.21M +$109K +6,191 +5%
Brown Advisory
59
Brown Advisory
Maryland
$2.18M
EIA
60
Edgemoor Investment Advisors
Maryland
$2.18M -$226K -12,807 -10%
T. Rowe Price Associates
61
T. Rowe Price Associates
Maryland
$2.08M +$1.8M +102,100 +769%
PC
62
Polar Capital
United Kingdom
$2.08M -$928K -52,581 -31%
S
63
SignatureFD
Georgia
$1.75M +$30.6K +1,735 +2%
Susquehanna International Group
64
Susquehanna International Group
Pennsylvania
$1.75M -$323K -18,331 -16%
Commonwealth Equity Services
65
Commonwealth Equity Services
Massachusetts
$1.75M +$182K +10,333 +12%
Russell Investments Group
66
Russell Investments Group
United Kingdom
$1.72M +$1.68M +95,058 New
Manulife (Manufacturers Life Insurance)
67
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.67M
ECA
68
Elevated Capital Advisors
Utah
$1.67M +$1.63M +92,227 New
Bank of America
69
Bank of America
North Carolina
$1.66M +$402K +22,803 +33%
GSM
70
Global Strategic Management
Puerto Rico
$1.59M +$244K +13,834 +19%
Northern Trust
71
Northern Trust
Illinois
$1.5M +$163K +9,217 +13%
TGAM
72
TBH Global Asset Management
Tennessee
$1.4M +$1.36M +77,253 New
NFC
73
Northeast Financial Consultants
Connecticut
$1.39M +$2.79K +158 +0.2%
CIBC Private Wealth Group
74
CIBC Private Wealth Group
Georgia
$1.38M -$6.28K -356 -0.5%
JCM
75
Jag Capital Management
Missouri
$1.36M +$310K +17,555 +30%

GBDC Hedge Fund Activity: Q4 2019 in Review

185 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q4 2019, worth a combined $1.03B — up 29% from $797M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new GBDC positions and 17 closed out — a net gain of 20 holders — while 80 added to existing stakes and 33 trimmed.

The largest buyer was Fort Washington Investment Advisors, adding an estimated $25.4M. The largest seller was Zeke Capital Advisors, cutting an estimated $7.97M.

  • 185 institutional investors held Golub Capital BDC (GBDC) as of Q4 2019, up from 167 in Q3 2019.
  • Funds reported $1.03B of Golub Capital BDC stock for Q4 2019, up 29% quarter-over-quarter.
  • 37 funds opened new Golub Capital BDC positions in Q4 2019 and 17 closed out, a net change of +20 holders.
  • The largest Golub Capital BDC buyer in Q4 2019 was Fort Washington Investment Advisors, an estimated $25.4M added.
  • The largest Golub Capital BDC seller in Q4 2019 was Zeke Capital Advisors, an estimated $7.97M sold.

Based on aggregated 13F filings for Q4 2019.