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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ClearBridge Investments
New York
|
+$4.54M |
| 2 |
ALA
Atherton Lane Advisers
Menlo Park,
California
|
+$1.53M |
| 3 |
AIU
Algebris Investments (UK)
London,
United Kingdom
|
+$1.46M |
| 4 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
+$1.29M |
| 5 |
NRS
Neville Rodie & Shaw
New York
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$4.3M |
| 2 |
U
UBS
Zurich,
Switzerland
|
-$3.76M |
| 3 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
-$3.22M |
| 4 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$2.84M |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$2.39M |
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.