Golub Capital BDC
GBDC
185 hedge funds and large institutions have $1.03B invested in Golub Capital BDC in 2020 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 68 increasing their positions, 50 reducing their positions, and 21 closing their positions.
86% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 21
36% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 50
33% more funds holding in top 10
Funds holding in top 10: 9 → 12 (+3)
25% more capital invested
Capital invested by funds: $821M → $1.03B (+$205M)
9% more funds holding
Funds holding: 169 → 185 (+16)
6.31% more ownership
Funds ownership: 37.11% → 43.42% (+6.3%)
26% less call options, than puts
Call options by funds: $432K | Put options by funds: $583K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cerity Partners
New York
|
+$25.2M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$24M |
| 3 |
JP Morgan Chase
New York
|
+$13.5M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$10.3M |
| 5 |
Two Sigma Investments
New York
|
+$9.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$10.1M |
| 2 |
SO
STRS Ohio
Columbus,
Ohio
|
-$7.3M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$3.63M |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$3.35M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$3.12M |
GBDC Hedge Fund Activity: Q4 2020 in Review
185 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q4 2020, worth a combined $1.03B — up 25% from $821M a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new GBDC positions and 21 closed out — a net gain of 18 holders — while 68 added to existing stakes and 50 trimmed.
The largest buyer was Cerity Partners, adding an estimated $25.2M. The largest seller was Lord, Abbett & Co, exiting entirely with an estimated $10.1M sold.
- 185 institutional investors held Golub Capital BDC (GBDC) as of Q4 2020, up from 169 in Q3 2020.
- Funds reported $1.03B of Golub Capital BDC stock for Q4 2020, up 25% quarter-over-quarter.
- 39 funds opened new Golub Capital BDC positions in Q4 2020 and 21 closed out, a net change of +18 holders.
- The largest Golub Capital BDC buyer in Q4 2020 was Cerity Partners, an estimated $25.2M added.
- The largest Golub Capital BDC seller in Q4 2020 was Lord, Abbett & Co, an estimated $10.1M sold.
Based on aggregated 13F filings for Q4 2020.