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Golub Capital BDC
GBDC

230 hedge funds and large institutions have $907M invested in Golub Capital BDC in 2022 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 92 increasing their positions, 63 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

543% more call options, than puts

Call options by funds: $2.53M | Put options by funds: $393K

46% more repeat investments, than reductions

Existing positions increased: 92 | Existing positions reduced: 63

27% more funds holding in top 10

Funds holding in top 10: 11 → 14 (+3)

0.23% more ownership

Funds ownership: 42.74% → 42.97% (+0.23%)

4% less capital invested

Capital invested by funds: $941M → $907M (-$34.4M)

5% less funds holding

Funds holding: 241 → 230 (-11)

19% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 37

Holders
230
Holders Change
-11
Holders Change %
-4.56%
% of All Funds
3.96%
Holding in Top 10
14
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+27.27%
% of All Funds
0.24%
New
30
Increased
92
Reduced
63
Closed
37
Calls
$2.53M
Puts
$393K
Net Calls
+$2.13M
Net Calls Change
+$1.99M

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$6.56M
2
CCP
Clough Capital Partners
Massachusetts
+$5.49M
3
RCM
Rivernorth Capital Management
Florida
+$4.97M
4
NVCHI
New Vernon Capital Holdings II
New Jersey
+$4.31M
5
LC
Lindbrook Capital
California
+$3.49M

Top Sellers

Rank Fund Capital Flow
1
SO
STRS Ohio
Ohio
-$6.98M
2
RC
RegentAtlantic Capital
New Jersey
-$4.69M
3
Citadel Advisors
Citadel Advisors
Florida
-$3.25M
4
VanEck Associates
VanEck Associates
New York
-$2.49M
5
Morgan Stanley
Morgan Stanley
New York
-$2.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
EBA
51
Eagle Bay Advisors
New York
$3.04M +$1.15M +84,856 +54%
NEAM
52
New England Asset Management
Connecticut
$2.88M – – –
HWAM
53
Hennion & Walsh Asset Management
New Jersey
$2.87M +$94.7K +6,960 +3%
AIM
54
Allen Investment Management
New York
$2.85M – – –
CAPTRUST Financial Advisors
55
CAPTRUST Financial Advisors
North Carolina
$2.76M +$3.03M +222,679 New
LPL Financial
56
LPL Financial
California
$2.76M +$300K +22,078 +11%
UCFA
57
United Capital Financial Advisors
Texas
$2.59M -$279K -20,500 -9%
AI
58
Atria Investments
North Carolina
$2.48M +$1.16M +85,315 +74%
LDFR
59
Lehman & Derafelo Financial Resources
Pennsylvania
$2.45M -$2.12M -156,000 -44%
Canada Life
60
Canada Life
Manitoba, Canada
$2.22M +$122K +8,931 +5%
Lido Advisors
61
Lido Advisors
California
$2.19M -$148K -10,907 -6%
NWM
62
Nicola Wealth Management
British Columbia, Canada
$2.09M – – –
AFG
63
Albion Financial Group
Utah
$2.02M -$113K -8,276 -5%
IC
64
IEQ Capital
California
$2.01M +$5.65K +415 +0.3%
SFI
65
Susquehanna Fundamental Investments
Pennsylvania
$2M +$2.19M +161,164 New
NFC
66
Northeast Financial Consultants
Connecticut
$1.89M +$2.5K +184 +0.1%
TYCC
67
Texas Yale Capital Corp
Florida
$1.89M +$134K +9,840 +7%
CIBC Private Wealth Group
68
CIBC Private Wealth Group
Georgia
$1.84M +$112K +8,257 +6%
RC
69
RegentAtlantic Capital
New Jersey
$1.8M -$4.69M -344,518 -70%
CCM
70
Condor Capital Management
New Jersey
$1.78M +$116K +8,538 +6%
First Trust Advisors
71
First Trust Advisors
Illinois
$1.77M -$49.3K -3,623 -2%
GCM
72
Graham Capital Management
Connecticut
$1.74M +$1.91M +140,250 New
SIA
73
Schechter Investment Advisors
Michigan
$1.72M +$2.37K +174 +0.1%
Brown Advisory
74
Brown Advisory
Maryland
$1.58M +$195K +14,292 +13%
Baillie Gifford & Co
75
Baillie Gifford & Co
United Kingdom
$1.51M – – –
1 2
3
4 5

GBDC Hedge Fund Activity: Q3 2022 in Review

230 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q3 2022, worth a combined $907M — down 3.7% from $941M a quarter earlier.

Sellers outnumbered buyers: 37 funds closed out of GBDC and 30 opened new positions — a net loss of 7 holders — while 63 trimmed existing stakes and 92 added.

The largest buyer was Bank of America, adding an estimated $6.56M. The largest seller was STRS Ohio, cutting an estimated $6.98M.

  • 230 institutional investors held Golub Capital BDC (GBDC) as of Q3 2022, down from 241 in Q2 2022.
  • Funds reported $907M of Golub Capital BDC stock for Q3 2022, down 3.7% quarter-over-quarter.
  • 30 funds opened new Golub Capital BDC positions in Q3 2022 and 37 closed out, a net change of -7 holders.
  • The largest Golub Capital BDC buyer in Q3 2022 was Bank of America, an estimated $6.56M added.
  • The largest Golub Capital BDC seller in Q3 2022 was STRS Ohio, an estimated $6.98M sold.

Based on aggregated 13F filings for Q3 2022.