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Golub Capital BDC

169 hedge funds and large institutions have $821M invested in Golub Capital BDC in 2020 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 58 increasing their positions, 71 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more capital invested

Capital invested by funds: $781M → $821M (+$40.6M)

0% more funds holding in top 10

Funds holding in top 10: 99 (0)

8% less funds holding

Funds holding: 183169 (-14)

12.97% less ownership

Funds ownership: 50.08%37.11% (-13%)

18% less repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 71

38% less call options, than puts

Call options by funds: $1.46M | Put options by funds: $2.34M

43% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 28

Holders
169
Holders Change
-14
Holders Change %
-7.65%
% of All Funds
3.41%
Holding in Top 10
9
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.18%
New
16
Increased
58
Reduced
71
Closed
28
Calls
$1.46M
Puts
$2.34M
Net Calls
-$881K
Net Calls Change
-$555K
Name Holding Trade Value Shares
Change
Change in
Stake
Mercer Global Advisors
76
Mercer Global Advisors
Colorado
$879K +$829K +66,353 New
PPA
77
Parametric Portfolio Associates
Washington
$863K -$35.2K -2,819 -4%
Canada Life
78
Canada Life
Manitoba, Canada
$834K +$493K +39,477 +168%
Northern Trust
79
Northern Trust
Illinois
$823K +$153K +12,286 +25%
AG
80
Aperio Group
California
$793K +$102K +8,178 +16%
DFG
81
Delphi Financial Group
Delaware
$778K +$17.4K +1,397 +2%
IC
82
IEQ Capital
California
$777K +$282K +22,551 +62%
Neuberger Berman Group
83
Neuberger Berman Group
New York
$769K -$112K -8,984 -13%
HSBC Holdings
84
HSBC Holdings
United Kingdom
$763K
LPL Financial
85
LPL Financial
California
$710K +$207K +16,612 +45%
TGAM
86
TBH Global Asset Management
Tennessee
$685K -$39K -3,125 -6%
Cerity Partners
87
Cerity Partners
New York
$650K -$1.01M -80,492 -62%
PSUF
88
People's United Financial
Connecticut
$612K +$250 +20 +0%
CIBC Private Wealth Group
89
CIBC Private Wealth Group
Georgia
$588K +$84.6K +6,776 +18%
IAIM
90
International Assets Investment Management
Florida
$552K
Jane Street
91
Jane Street
New York
$521K +$492K +39,388 New
CCM
92
Condor Capital Management
New Jersey
$501K +$116K +9,290 +33%
Stifel Financial
93
Stifel Financial
Missouri
$498K -$58.1K -4,656 -11%
ECM
94
ExodusPoint Capital Management
New York
$490K +$462K +37,012 New
ACM
95
Ayrshire Capital Management
Connecticut
$489K +$6.16K +493 +1%
FM
96
Family Management
New York
$479K +$110K +8,773 +32%
SRC
97
Stone Run Capital
New York
$477K +$12.5K +1,000 +3%
TCOV
98
Trust Company of Vermont
Vermont
$455K +$65.6K +5,250 +18%
AIM
99
Anchor Investment Management
South Carolina
$438K -$206K -16,520 -33%
Two Sigma Investments
100
Two Sigma Investments
New York
$430K -$1.69M -135,702 -81%

GBDC Hedge Fund Activity: Q3 2020 in Review

169 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q3 2020, worth a combined $821M — up 5.2% from $781M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of GBDC and 16 opened new positions — a net loss of 12 holders — while 71 trimmed existing stakes and 58 added.

The largest buyer was JP Morgan Chase, adding an estimated $13.4M. The largest seller was Rivernorth Capital Management, cutting an estimated $31.3M.

  • 169 institutional investors held Golub Capital BDC (GBDC) as of Q3 2020, down from 183 in Q2 2020.
  • Funds reported $821M of Golub Capital BDC stock for Q3 2020, up 5.2% quarter-over-quarter.
  • 16 funds opened new Golub Capital BDC positions in Q3 2020 and 28 closed out, a net change of -12 holders.
  • The largest Golub Capital BDC buyer in Q3 2020 was JP Morgan Chase, an estimated $13.4M added.
  • The largest Golub Capital BDC seller in Q3 2020 was Rivernorth Capital Management, an estimated $31.3M sold.

Based on aggregated 13F filings for Q3 2020.