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Golub Capital BDC

185 hedge funds and large institutions have $1.03B invested in Golub Capital BDC in 2019 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 80 increasing their positions, 33 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

142% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 33

118% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 17

29% more capital invested

Capital invested by funds: $797M → $1.03B (+$235M)

29% more funds holding in top 10

Funds holding in top 10: 79 (+2)

11% more funds holding

Funds holding: 167185 (+18)

10.42% more ownership

Funds ownership: 32.64%43.05% (+10%)

46% less call options, than puts

Call options by funds: $295K | Put options by funds: $543K

Holders
185
Holders Change
+18
Holders Change %
+10.78%
% of All Funds
3.64%
Holding in Top 10
9
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+28.57%
% of All Funds
0.18%
New
37
Increased
80
Reduced
33
Closed
17
Calls
$295K
Puts
$543K
Net Calls
-$248K
Net Calls Change
+$1.34M
Name Holding Trade Value Shares
Change
Change in
Stake
CBB
101
Citizens Business Bank
California
$591K
MC
102
Moors & Cabot
Massachusetts
$573K +$17.8K +1,008 +3%
PSUF
103
People's United Financial
Connecticut
$573K +$276K +15,649 +97%
SWP
104
Stratos Wealth Partners
Ohio
$566K +$7.55K +428 +1%
AFC
105
Adaptive Financial Consulting
Ohio
$562K +$549K +31,098 New
EAM
106
Evanson Asset Management
California
$559K +$266K +15,068 +95%
Goldman Sachs
107
Goldman Sachs
New York
$559K +$546K +30,934 New
EWM
108
Evercore Wealth Management
New York
$544K +$198K +11,231 +60%
WSCM
109
Wellington Shields Capital Management
New York
$541K -$10.8K -613 -2%
TCOV
110
Trust Company of Vermont
Vermont
$537K
TF
111
Trek Financial
Arizona
$536K +$28.2K +1,597 +6%
MAA
112
Mraz Amerine & Associates
California
$533K
WA
113
Wambolt & Associates
Colorado
$531K +$25.8K +1,462 +5%
ACM
114
Ayrshire Capital Management
Connecticut
$522K +$510K +28,886 New
CC
115
Cipher Capital
New York
$510K +$498K +28,238 New
IC
116
IEQ Capital
California
$487K +$475K +26,951 New
Victory Capital Management
117
Victory Capital Management
Texas
$466K +$258K +14,630 +131%
William Blair & Company
118
William Blair & Company
Illinois
$464K
CCM
119
Canal Capital Management
Virginia
$451K -$182K -10,309 -29%
RFN
120
RDA Financial Network
Iowa
$451K +$56.4K +3,198 +15%
LPL Financial
121
LPL Financial
California
$428K +$103K +5,845 +33%
Balyasny Asset Management
122
Balyasny Asset Management
Illinois
$414K +$404K +22,900 New
Mirae Asset Global Investments
123
Mirae Asset Global Investments
South Korea
$401K -$49.7K -2,819 -11%
Truist Financial
124
Truist Financial
North Carolina
$394K +$385K +21,816 New
GT
125
Glenmede Trust
Pennsylvania
$372K

GBDC Hedge Fund Activity: Q4 2019 in Review

185 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q4 2019, worth a combined $1.03B — up 29% from $797M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new GBDC positions and 17 closed out — a net gain of 20 holders — while 80 added to existing stakes and 33 trimmed.

The largest buyer was Fort Washington Investment Advisors, adding an estimated $25.4M. The largest seller was Zeke Capital Advisors, cutting an estimated $7.97M.

  • 185 institutional investors held Golub Capital BDC (GBDC) as of Q4 2019, up from 167 in Q3 2019.
  • Funds reported $1.03B of Golub Capital BDC stock for Q4 2019, up 29% quarter-over-quarter.
  • 37 funds opened new Golub Capital BDC positions in Q4 2019 and 17 closed out, a net change of +20 holders.
  • The largest Golub Capital BDC buyer in Q4 2019 was Fort Washington Investment Advisors, an estimated $25.4M added.
  • The largest Golub Capital BDC seller in Q4 2019 was Zeke Capital Advisors, an estimated $7.97M sold.

Based on aggregated 13F filings for Q4 2019.