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Golub Capital BDC

185 hedge funds and large institutions have $1.03B invested in Golub Capital BDC in 2019 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 80 increasing their positions, 33 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

142% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 33

118% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 17

29% more capital invested

Capital invested by funds: $797M → $1.03B (+$235M)

29% more funds holding in top 10

Funds holding in top 10: 79 (+2)

11% more funds holding

Funds holding: 167185 (+18)

10.42% more ownership

Funds ownership: 32.64%43.05% (+10%)

46% less call options, than puts

Call options by funds: $295K | Put options by funds: $543K

Holders
185
Holders Change
+18
Holders Change %
+10.78%
% of All Funds
3.64%
Holding in Top 10
9
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+28.57%
% of All Funds
0.18%
New
37
Increased
80
Reduced
33
Closed
17
Calls
$295K
Puts
$543K
Net Calls
-$248K
Net Calls Change
+$1.34M
Name Holding Trade Value Shares
Change
Change in
Stake
PA
76
Prism Advisors
California
$1.27M -$48.9K -2,772 -4%
JMPWA
77
JP Morgan Private Wealth Advisors
California
$1.19M -$146K -8,247 -11%
Royal Bank of Canada
78
Royal Bank of Canada
Ontario, Canada
$1.15M -$37.5K -2,124 -3%
RCM
79
Rivernorth Capital Management
Florida
$1.12M +$1.09M +61,786 New
HSBC Holdings
80
HSBC Holdings
United Kingdom
$1.06M +$1.04M +58,877 New
DFG
81
Delphi Financial Group
Delaware
$1.03M
EW
82
Evoke Wealth
California
$1M
NCM
83
Novare Capital Management
North Carolina
$1M -$125K -7,071 -11%
GWM
84
Geneos Wealth Management
Colorado
$986K +$81K +4,592 +9%
AC
85
Almitas Capital
California
$963K +$940K +53,261 New
22CM
86
20/20 Capital Management
California
$926K +$907K +51,436 New
Rockefeller Capital Management
87
Rockefeller Capital Management
New York
$919K +$897K +50,846 New
PSP
88
Principal Street Partners
Tennessee
$891K +$14.9K +842 +2%
AIM
89
Anchor Investment Management
South Carolina
$879K -$143K -8,129 -14%
Ameriprise
90
Ameriprise
Minnesota
$876K +$23K +1,301 +3%
Stifel Financial
91
Stifel Financial
Missouri
$866K +$306K +17,331 +57%
PPA
92
Parametric Portfolio Associates
Washington
$862K
AAM
93
Advisors Asset Management
Colorado
$859K -$204K -11,567 -20%
AI
94
Atria Investments
North Carolina
$830K +$42.3K +2,397 +6%
CCM
95
Coe Capital Management
Illinois
$803K -$30.3K -1,720 -4%
HB
96
Homrich & Berg
Georgia
$802K -$67.9K -3,849 -8%
WA
97
WESPAC Advisors
California
$773K +$11K +623 +1%
CC
98
Centiva Capital
New York
$761K +$743K +42,125 New
BAS
99
Brown Advisory Securities
Maryland
$695K -$9.02K -511 -1%
OAM
100
Oxford Asset Management
United Kingdom
$650K +$206K +11,691 +48%

GBDC Hedge Fund Activity: Q4 2019 in Review

185 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q4 2019, worth a combined $1.03B — up 29% from $797M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new GBDC positions and 17 closed out — a net gain of 20 holders — while 80 added to existing stakes and 33 trimmed.

The largest buyer was Fort Washington Investment Advisors, adding an estimated $25.4M. The largest seller was Zeke Capital Advisors, cutting an estimated $7.97M.

  • 185 institutional investors held Golub Capital BDC (GBDC) as of Q4 2019, up from 167 in Q3 2019.
  • Funds reported $1.03B of Golub Capital BDC stock for Q4 2019, up 29% quarter-over-quarter.
  • 37 funds opened new Golub Capital BDC positions in Q4 2019 and 17 closed out, a net change of +20 holders.
  • The largest Golub Capital BDC buyer in Q4 2019 was Fort Washington Investment Advisors, an estimated $25.4M added.
  • The largest Golub Capital BDC seller in Q4 2019 was Zeke Capital Advisors, an estimated $7.97M sold.

Based on aggregated 13F filings for Q4 2019.