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Golub Capital BDC

169 hedge funds and large institutions have $821M invested in Golub Capital BDC in 2020 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 58 increasing their positions, 71 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more capital invested

Capital invested by funds: $781M → $821M (+$40.6M)

0% more funds holding in top 10

Funds holding in top 10: 99 (0)

8% less funds holding

Funds holding: 183169 (-14)

12.97% less ownership

Funds ownership: 50.08%37.11% (-13%)

18% less repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 71

38% less call options, than puts

Call options by funds: $1.46M | Put options by funds: $2.34M

43% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 28

Holders
169
Holders Change
-14
Holders Change %
-7.65%
% of All Funds
3.41%
Holding in Top 10
9
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.18%
New
16
Increased
58
Reduced
71
Closed
28
Calls
$1.46M
Puts
$2.34M
Net Calls
-$881K
Net Calls Change
-$555K
Name Holding Trade Value Shares
Change
Change in
Stake
EIA
51
Edgemoor Investment Advisors
Maryland
$1.81M -$68.9K -5,516 -4%
PHS
52
Pekin Hardy Strauss
Illinois
$1.73M -$419K -33,547 -20%
S
53
SignatureFD
Georgia
$1.57M +$4.05K +324 +0.3%
Susquehanna International Group
54
Susquehanna International Group
Pennsylvania
$1.55M -$3.48K -279 -0.2%
Thrivent Financial for Lutherans
55
Thrivent Financial for Lutherans
Minnesota
$1.51M +$1.43M +114,400 New
Invesco
56
Invesco
Georgia
$1.51M +$212K +16,972 +17%
RJA
57
Raymond James & Associates
Florida
$1.47M -$126K -10,069 -8%
PC
58
Polar Capital
United Kingdom
$1.43M -$30.2K -2,420 -2%
FAAS
59
First Allied Advisory Services
California
$1.41M +$298K +23,877 +29%
Manulife (Manufacturers Life Insurance)
60
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.41M -$60.7K -4,861 -4%
Bank of America
61
Bank of America
North Carolina
$1.36M -$721K -57,698 -36%
TP
62
Tranquility Partners
Tennessee
$1.34M -$13.3K -1,063 -1%
GEM
63
Global Endowment Management
North Carolina
$1.32M -$312K -24,999 -20%
FIA
64
Foundations Investment Advisors
Arizona
$1.31M -$519K -41,583 -30%
D.E. Shaw & Co
65
D.E. Shaw & Co
New York
$1.3M -$649K -51,938 -35%
HB
66
Homrich & Berg
Georgia
$1.27M -$107K -8,580 -8%
JMPWA
67
JP Morgan Private Wealth Advisors
California
$1.24M +$225K +18,040 +24%
Commonwealth Equity Services
68
Commonwealth Equity Services
Massachusetts
$1.22M -$29.8K -2,390 -3%
FPS
69
Fieldpoint Private Securities
Connecticut
$1.12M +$1.06M +84,534 New
Brown Advisory
70
Brown Advisory
Maryland
$1.11M -$181K -14,481 -15%
NFC
71
Northeast Financial Consultants
Connecticut
$1.08M +$54.3K +4,349 +6%
BIM
72
Bogle Investment Management
Massachusetts
$1.07M -$2.32M -185,855 -70%
GWM
73
Geneos Wealth Management
Colorado
$969K +$14K +1,118 +2%
Royal Bank of Canada
74
Royal Bank of Canada
Ontario, Canada
$963K +$64.6K +5,173 +8%
GSM
75
Global Strategic Management
Puerto Rico
$910K -$191K -15,310 -18%

GBDC Hedge Fund Activity: Q3 2020 in Review

169 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q3 2020, worth a combined $821M — up 5.2% from $781M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of GBDC and 16 opened new positions — a net loss of 12 holders — while 71 trimmed existing stakes and 58 added.

The largest buyer was JP Morgan Chase, adding an estimated $13.4M. The largest seller was Rivernorth Capital Management, cutting an estimated $31.3M.

  • 169 institutional investors held Golub Capital BDC (GBDC) as of Q3 2020, down from 183 in Q2 2020.
  • Funds reported $821M of Golub Capital BDC stock for Q3 2020, up 5.2% quarter-over-quarter.
  • 16 funds opened new Golub Capital BDC positions in Q3 2020 and 28 closed out, a net change of -12 holders.
  • The largest Golub Capital BDC buyer in Q3 2020 was JP Morgan Chase, an estimated $13.4M added.
  • The largest Golub Capital BDC seller in Q3 2020 was Rivernorth Capital Management, an estimated $31.3M sold.

Based on aggregated 13F filings for Q3 2020.