Golub Capital BDC
GBDC
241 hedge funds and large institutions have $941M invested in Golub Capital BDC in 2022 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 100 increasing their positions, 65 reducing their positions, and 28 closing their positions.
54% more repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 65
21% more call options, than puts
Call options by funds: $820K | Put options by funds: $679K
14% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 28
0% more funds holding
Funds holding: 240 → 241 (+1)
1.64% less ownership
Funds ownership: 44.37% → 42.74% (-1.6%)
8% less funds holding in top 10
Funds holding in top 10: 12 → 11 (-1)
18% less capital invested
Capital invested by funds: $1.14B → $941M (-$200M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$38.2M |
| 2 |
LC
Lindbrook Capital
Calabasas,
California
|
+$26.1M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$10.9M |
| 4 |
BTCPP
Border to Coast Pensions Partnership
Leeds,
United Kingdom
|
+$5.73M |
| 5 |
JP Morgan Chase
New York
|
+$4.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SO
STRS Ohio
Columbus,
Ohio
|
-$70.3M |
| 2 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$40.9M |
| 3 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
-$5.96M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$5.95M |
| 5 |
Millennium Management
New York
|
-$5.8M |
GBDC Hedge Fund Activity: Q2 2022 in Review
241 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q2 2022, worth a combined $941M — down 18% from $1.14B a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new GBDC positions and 28 closed out — a net gain of 4 holders — while 100 added to existing stakes and 65 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $38.2M. The largest seller was STRS Ohio, cutting an estimated $70.3M.
- 241 institutional investors held Golub Capital BDC (GBDC) as of Q2 2022, up from 240 in Q1 2022.
- Funds reported $941M of Golub Capital BDC stock for Q2 2022, down 18% quarter-over-quarter.
- 32 funds opened new Golub Capital BDC positions in Q2 2022 and 28 closed out, a net change of +4 holders.
- The largest Golub Capital BDC buyer in Q2 2022 was Rivernorth Capital Management, an estimated $38.2M added.
- The largest Golub Capital BDC seller in Q2 2022 was STRS Ohio, an estimated $70.3M sold.
Based on aggregated 13F filings for Q2 2022.