Golub Capital BDC
GBDC
193 hedge funds and large institutions have $694M invested in Golub Capital BDC in 2020 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 62 increasing their positions, 70 reducing their positions, and 23 closing their positions.
256% more call options, than puts
Call options by funds: $139K | Put options by funds: $39K
48% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 23
4% more funds holding
Funds holding: 185 → 193 (+8)
0.71% less ownership
Funds ownership: 43.05% → 42.35% (-0.71%)
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
11% less repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 70
33% less capital invested
Capital invested by funds: $1.03B → $694M (-$338M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$21.2M |
| 2 |
LC
Lindbrook Capital
Calabasas,
California
|
+$12.7M |
| 3 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$12.1M |
| 4 |
OAC
OMERS Administration Corp
Toronto,
Ontario, Canada
|
+$11.6M |
| 5 |
DC
Derby & Company
Newton,
Massachusetts
|
+$7.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SWPG
Strategic Wealth Partners Group
Deerfield,
Illinois
|
-$29.8M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$28M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$18.6M |
| 4 |
ClearBridge Investments
New York
|
-$9.39M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$8.36M |
GBDC Hedge Fund Activity: Q1 2020 in Review
193 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q1 2020, worth a combined $694M — down 33% from $1.03B a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new GBDC positions and 23 closed out — a net gain of 11 holders — while 62 added to existing stakes and 70 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $21.2M. The largest seller was Strategic Wealth Partners Group, cutting an estimated $29.8M.
- 193 institutional investors held Golub Capital BDC (GBDC) as of Q1 2020, up from 185 in Q4 2019.
- Funds reported $694M of Golub Capital BDC stock for Q1 2020, down 33% quarter-over-quarter.
- 34 funds opened new Golub Capital BDC positions in Q1 2020 and 23 closed out, a net change of +11 holders.
- The largest Golub Capital BDC buyer in Q1 2020 was Rivernorth Capital Management, an estimated $21.2M added.
- The largest Golub Capital BDC seller in Q1 2020 was Strategic Wealth Partners Group, an estimated $29.8M sold.
Based on aggregated 13F filings for Q1 2020.