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Golub Capital BDC

118 hedge funds and large institutions have $326M invested in Golub Capital BDC in 2016 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 36 increasing their positions, 41 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 11

4% more funds holding

Funds holding: 114118 (+4)

12% less capital invested

Capital invested by funds: $369M → $326M (-$42.8M)

12% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 41

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
118
Holders Change
+4
Holders Change %
+3.51%
% of All Funds
3.14%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
16
Increased
36
Reduced
41
Closed
11
Calls
$1.3M
Puts
Net Calls
+$1.3M
Net Calls Change
+$611K
Name Holding Trade Value Shares
Change
Change in
Stake
LTFS
101
Ladenburg Thalmann Financial Services
Florida
$25K -$19.7K -1,231 -45%
US Bancorp
102
US Bancorp
Minnesota
$25K
NSIM
103
North Star Investment Management
Illinois
$23K +$385 +24 +2%
WA
104
WFG Advisors
Texas
$17K -$5.38K -336 -25%
FWM
105
Focused Wealth Management
New York
$17K +$16.4K +1,021 New
MFW
106
Mosaic Family Wealth
Missouri
$17K +$16.4K +1,021 New
BFEC
107
Benjamin F. Edwards & Company
Missouri
$13K -$10.4K -649 -46%
PNC Financial Services Group
108
PNC Financial Services Group
Pennsylvania
$13K +$11.9K +745 New
WTB
109
Washington Trust Bank
Washington
$13K +$12.3K +766 New
Creative Planning
110
Creative Planning
Kansas
$11K +$10.6K +664 New
FHA
111
First Horizon Advisors
Tennessee
$9K
TRCT
112
Tower Research Capital (TRC)
New York
$8K +$7.87K +491 New
NFG
113
Next Financial Group
Texas
$6K
PAM
114
Panagora Asset Management
Massachusetts
$4K
WEC
115
Winslow Evans & Crocker
Massachusetts
$3.46K
IWMPD
116
Integrated Wealth Management (Palm Desert)
California
$2K
PMFA
117
Plante Moran Financial Advisors
Michigan
$2K +$2.12K +132 New
PCM
118
Penserra Capital Management
California
$9 -$144 -9 -2%
CS
119
Credit Suisse
Switzerland
-$4.46M -273,575 Closed
LPL Financial
120
LPL Financial
California
-$2.61M -159,019 Closed
Two Sigma Investments
121
Two Sigma Investments
New York
-$663K -40,705 Closed
Norges Bank
122
Norges Bank
Norway
-$436K -26,746 Closed
GW
123
GW & Wade
Massachusetts
-$261K -16,019 Closed
Two Sigma Advisers
124
Two Sigma Advisers
New York
-$231K -14,188 Closed
Koshinski Asset Management
125
Koshinski Asset Management
Illinois
-$211K -12,968 Closed

GBDC Hedge Fund Activity: Q1 2016 in Review

118 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q1 2016, worth a combined $326M — down 12% from $369M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new GBDC positions and 11 closed out — a net gain of 5 holders — while 36 added to existing stakes and 41 trimmed.

The largest buyer was Schroder Investment Management Group, adding an estimated $3.95M. The largest seller was Credit Suisse, exiting entirely with an estimated $4.46M sold.

  • 118 institutional investors held Golub Capital BDC (GBDC) as of Q1 2016, up from 114 in Q4 2015.
  • Funds reported $326M of Golub Capital BDC stock for Q1 2016, down 12% quarter-over-quarter.
  • 16 funds opened new Golub Capital BDC positions in Q1 2016 and 11 closed out, a net change of +5 holders.
  • The largest Golub Capital BDC buyer in Q1 2016 was Schroder Investment Management Group, an estimated $3.95M added.
  • The largest Golub Capital BDC seller in Q1 2016 was Credit Suisse, an estimated $4.46M sold.

Based on aggregated 13F filings for Q1 2016.