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Golub Capital BDC

118 hedge funds and large institutions have $326M invested in Golub Capital BDC in 2016 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 36 increasing their positions, 41 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 11

4% more funds holding

Funds holding: 114118 (+4)

12% less capital invested

Capital invested by funds: $369M → $326M (-$42.8M)

12% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 41

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
118
Holders Change
+4
Holders Change %
+3.51%
% of All Funds
3.14%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
16
Increased
36
Reduced
41
Closed
11
Calls
$1.3M
Puts
Net Calls
+$1.3M
Net Calls Change
+$611K
Name Holding Trade Value Shares
Change
Change in
Stake
LH
76
Lebenthal Holdings
New York
$339K +$8.19K +511 +3%
CMANY
77
Capital Management Associates (New York)
New York
$337K
M&T Bank
78
M&T Bank
New York
$334K
PI
79
PineBridge Investments
New York
$317K +$25.5K +1,589 +9%
PHS
80
Pekin Hardy Strauss
Illinois
$309K -$37.3K -2,331 -11%
IIC
81
Ironwood Investment Counsel
Arizona
$302K
MAA
82
Mraz Amerine & Associates
California
$301K
FBA
83
Front Barnett Associates
Illinois
$292K +$5.72K +357 +2%
CCM
84
Coe Capital Management
Illinois
$288K +$272K +16,984 New
GWM
85
Geneos Wealth Management
Colorado
$273K +$257K +16,054 New
Deutsche Bank
86
Deutsche Bank
Germany
$257K -$211K -13,195 -46%
Cambridge Investment Research Advisors
87
Cambridge Investment Research Advisors
Iowa
$239K +$3.29K +205 +1%
ICAS
88
Investors Capital Advisory Services
Massachusetts
$231K -$91.4K -5,703 -29%
RCM
89
Radcliffe Capital Management
Pennsylvania
$215K
California Public Employees Retirement System
90
California Public Employees Retirement System
California
$192K -$47.4K -2,961 -21%
Lido Advisors
91
Lido Advisors
California
$185K +$175K +10,906 New
KCM
92
Kempner Capital Management
Texas
$175K
JIC
93
Joel Isaacson & Co
New York
$166K
AIG
94
American International Group
New York
$67K
AIM
95
Anchor Investment Management
South Carolina
$64K +$60.5K +3,778 New
WRM
96
Westport Resources Management
Connecticut
$61K -$130K -8,119 -69%
JP Morgan Chase
97
JP Morgan Chase
New York
$61K -$21K -1,312 -27%
MA
98
MUFG Americas
New York
$61K +$57.3K +3,574 New
MFS
99
MSI Financial Services
Massachusetts
$60K +$3.27K +204 +6%
CPIG
100
Chicago Partners Investment Group
Illinois
$31K +$513 +32 +2%

GBDC Hedge Fund Activity: Q1 2016 in Review

118 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q1 2016, worth a combined $326M — down 12% from $369M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new GBDC positions and 11 closed out — a net gain of 5 holders — while 36 added to existing stakes and 41 trimmed.

The largest buyer was Schroder Investment Management Group, adding an estimated $3.95M. The largest seller was Credit Suisse, exiting entirely with an estimated $4.46M sold.

  • 118 institutional investors held Golub Capital BDC (GBDC) as of Q1 2016, up from 114 in Q4 2015.
  • Funds reported $326M of Golub Capital BDC stock for Q1 2016, down 12% quarter-over-quarter.
  • 16 funds opened new Golub Capital BDC positions in Q1 2016 and 11 closed out, a net change of +5 holders.
  • The largest Golub Capital BDC buyer in Q1 2016 was Schroder Investment Management Group, an estimated $3.95M added.
  • The largest Golub Capital BDC seller in Q1 2016 was Credit Suisse, an estimated $4.46M sold.

Based on aggregated 13F filings for Q1 2016.