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Golub Capital BDC
GBDC

115 hedge funds and large institutions have $405M invested in Golub Capital BDC in 2014 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 31 increasing their positions, 38 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

382% more call options, than puts

Call options by funds: $405K | Put options by funds: $84K

140% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 10

18% more capital invested

Capital invested by funds: $345M → $405M (+$60.4M)

13% more funds holding

Funds holding: 102 → 115 (+13)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

18% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 38

Holders
115
Holders Change
+13
Holders Change %
+12.75%
% of All Funds
3.07%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
24
Increased
31
Reduced
38
Closed
10
Calls
$405K
Puts
$84K
Net Calls
+$321K
Net Calls Change
+$321K

Top Buyers

Rank Fund Capital Flow
1
ClearBridge Investments
ClearBridge Investments
New York
+$6.62M
2
FIM
Frontier Investment Management
Texas
+$4.47M
3
JC
JBF Capital
Colorado
+$3.02M
4
Wells Fargo
Wells Fargo
California
+$2.3M
5
CCP
Clough Capital Partners
Massachusetts
+$2.17M

Top Sellers

Rank Fund Capital Flow
1
CIM
Confluence Investment Management
Missouri
-$3.82M
2
AAMU
Amundi Asset Management US
Massachusetts
-$3.6M
3
AAM
Advisors Asset Management
Colorado
-$3.34M
4
JMPWA
JP Morgan Private Wealth Advisors
California
-$2.12M
5
SMDAM
Sumitomo Mitsui DS Asset Management
Japan
-$1.16M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
76
Bank of New York Mellon
New York
$412K -$1.99K -118 -0.5%
CMANY
77
Capital Management Associates (New York)
New York
$401K – – –
LWA
78
Lenox Wealth Advisors
New York
$382K +$366K +21,728 New
EWM
79
Evercore Wealth Management
New York
$365K +$83.4K +4,952 +31%
MAA
80
Mraz Amerine & Associates
California
$319K +$306K +18,174 New
IIC
81
Ironwood Investment Counsel
Arizona
$313K – – –
PHS
82
Pekin Hardy Strauss
Illinois
$304K +$623 +37 +0.2%
Citadel Advisors
83
Citadel Advisors
Florida
$303K -$34.7K -2,063 -11%
VFS
84
VSR Financial Services
Kansas
$276K – – –
Bank of America
85
Bank of America
North Carolina
$254K +$142K +8,451 +141%
Koshinski Asset Management
86
Koshinski Asset Management
Illinois
$250K +$240K +14,244 New
TAM
87
Tocqueville Asset Management
New York
$229K +$12.9K +766 +6%
NCMW
88
Northern Capital Management (Wisconsin)
Wisconsin
$221K – – –
California Public Employees Retirement System
89
California Public Employees Retirement System
California
$219K – – –
Deutsche Bank
90
Deutsche Bank
Germany
$216K +$3.99K +237 +2%
CAN
91
Cetera Advisor Networks
California
$199K -$6.89K -409 -3%
BCM
92
Buckhead Capital Management
Georgia
$191K – – –
RVP
93
Relative Value Partners
Illinois
$185K +$178K +10,552 New
GWA
94
Genesis Wealth Advisors
Massachusetts
$175K +$172K +10,210 New
JIC
95
Joel Isaacson & Co
New York
$170K – – –
PI
96
PineBridge Investments
New York
$67K +$64.5K +3,828 New
BPBT
97
Boston Private Bank & Trust
Massachusetts
$52K – – –
US Bancorp
98
US Bancorp
Minnesota
$52K – – –
Royal Bank of Canada
99
Royal Bank of Canada
Ontario, Canada
$45K -$395K -23,431 -90%
AIG
100
American International Group
New York
$32.3K -$31.6K -1,875 -50%
1 2 3
4
5

GBDC Hedge Fund Activity: Q4 2014 in Review

115 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q4 2014, worth a combined $405M — up 18% from $345M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new GBDC positions and 10 closed out — a net gain of 14 holders — while 31 added to existing stakes and 38 trimmed.

The largest buyer was ClearBridge Investments, adding an estimated $6.62M. The largest seller was Confluence Investment Management, cutting an estimated $3.82M.

  • 115 institutional investors held Golub Capital BDC (GBDC) as of Q4 2014, up from 102 in Q3 2014.
  • Funds reported $405M of Golub Capital BDC stock for Q4 2014, up 18% quarter-over-quarter.
  • 24 funds opened new Golub Capital BDC positions in Q4 2014 and 10 closed out, a net change of +14 holders.
  • The largest Golub Capital BDC buyer in Q4 2014 was ClearBridge Investments, an estimated $6.62M added.
  • The largest Golub Capital BDC seller in Q4 2014 was Confluence Investment Management, an estimated $3.82M sold.

Based on aggregated 13F filings for Q4 2014.