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Golub Capital BDC
GBDC

202 hedge funds and large institutions have $1.06B invested in Golub Capital BDC in 2021 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 60 increasing their positions, 64 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

124% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 17

62% more call options, than puts

Call options by funds: $808K | Put options by funds: $499K

9% more funds holding

Funds holding: 185 → 202 (+17)

3% more capital invested

Capital invested by funds: $1.03B → $1.06B (+$33.2M)

0% more funds holding in top 10

Funds holding in top 10: 12 → 12 (0)

0.26% less ownership

Funds ownership: 43.42% → 43.16% (-0.26%)

6% less repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 64

Holders
202
Holders Change
+17
Holders Change %
+9.19%
% of All Funds
3.55%
Holding in Top 10
12
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.21%
New
38
Increased
60
Reduced
64
Closed
17
Calls
$808K
Puts
$499K
Net Calls
+$309K
Net Calls Change
+$460K

Top Buyers

Rank Fund Capital Flow
1
AM
Ares Management
California
+$12.6M
2
Morgan Stanley
Morgan Stanley
New York
+$9.85M
3
OAC
OMERS Administration Corp
Ontario, Canada
+$4.69M
4
Bank of America
Bank of America
North Carolina
+$3.59M
5
VanEck Associates
VanEck Associates
New York
+$3.25M

Top Sellers

Rank Fund Capital Flow
1
SO
STRS Ohio
Ohio
-$12.7M
2
RFA
Radnor Financial Advisors
Pennsylvania
-$8.13M
3
Cerity Partners
Cerity Partners
New York
-$7.53M
4
Two Sigma Investments
Two Sigma Investments
New York
-$6.33M
5
Two Sigma Advisers
Two Sigma Advisers
New York
-$5M
Name Holding Trade Value Shares
Change 		Change in
Stake
IAIM
76
International Assets Investment Management
Florida
$1.2M +$613K +41,673 +100%
Brown Advisory
77
Brown Advisory
Maryland
$1.2M -$14.6K -996 -1%
NFC
78
Northeast Financial Consultants
Connecticut
$1.11M -$122K -8,297 -10%
Envestnet Asset Management
79
Envestnet Asset Management
Illinois
$1.09M -$100K -6,812 -8%
GWM
80
Geneos Wealth Management
Colorado
$1.09M -$98.6K -6,708 -9%
LPL Financial
81
LPL Financial
California
$1.08M +$122K +8,292 +13%
AG
82
AlphaSimPlex Group
Massachusetts
$1.04M +$1.05M +71,261 New
AAM
83
Advisors Asset Management
Colorado
$974K +$372K +25,304 +61%
PPA
84
Parametric Portfolio Associates
Washington
$953K -$12.6K -854 -1%
Millennium Management
85
Millennium Management
New York
$886K -$380K -25,832 -30%
Northern Trust
86
Northern Trust
Illinois
$872K -$10.1K -685 -1%
DFG
87
Delphi Financial Group
Delaware
$859K – – –
IC
88
IEQ Capital
California
$855K – – –
HSBC Holdings
89
HSBC Holdings
United Kingdom
$843K – – –
GC
90
Gillson Capital
Illinois
$798K +$802K +54,583 New
TGAM
91
TBH Global Asset Management
Tennessee
$775K – – –
D.E. Shaw & Co
92
D.E. Shaw & Co
New York
$768K +$336K +22,885 +77%
FM
93
Family Management
New York
$755K +$235K +16,010 +45%
ECM
94
ExodusPoint Capital Management
New York
$727K +$731K +49,707 New
SSA
95
Schonfeld Strategic Advisors
New York
$706K +$710K +48,300 New
Stifel Financial
96
Stifel Financial
Missouri
$688K +$225K +15,316 +48%
Canada Life
97
Canada Life
Manitoba, Canada
$687K -$284K -19,354 -29%
SRC
98
Stone Run Capital
New York
$673K – – –
SC
99
Sierra Capital
Florida
$659K +$663K +45,087 New
Royal Bank of Canada
100
Royal Bank of Canada
Ontario, Canada
$655K -$322K -21,918 -33%
2 3
4
5 6

GBDC Hedge Fund Activity: Q1 2021 in Review

202 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q1 2021, worth a combined $1.06B — up 3.2% from $1.03B a quarter earlier.

Buyers outnumbered sellers: 38 funds opened new GBDC positions and 17 closed out — a net gain of 21 holders — while 60 added to existing stakes and 64 trimmed.

The largest buyer was Ares Management, adding an estimated $12.6M. The largest seller was STRS Ohio, cutting an estimated $12.7M.

  • 202 institutional investors held Golub Capital BDC (GBDC) as of Q1 2021, up from 185 in Q4 2020.
  • Funds reported $1.06B of Golub Capital BDC stock for Q1 2021, up 3.2% quarter-over-quarter.
  • 38 funds opened new Golub Capital BDC positions in Q1 2021 and 17 closed out, a net change of +21 holders.
  • The largest Golub Capital BDC buyer in Q1 2021 was Ares Management, an estimated $12.6M added.
  • The largest Golub Capital BDC seller in Q1 2021 was STRS Ohio, an estimated $12.7M sold.

Based on aggregated 13F filings for Q1 2021.