Golub Capital BDC
GBDC
112 hedge funds and large institutions have $357M invested in Golub Capital BDC in 2013 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 45 increasing their positions, 28 reducing their positions, and 15 closing their positions.
99% more call options, than puts
Call options by funds: $608K | Put options by funds: $306K
61% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 28
20% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 15
19% more capital invested
Capital invested by funds: $301M → $357M (+$55.7M)
2% more funds holding
Funds holding: 110 → 112 (+2)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ClearBridge Investments
New York
|
+$11.8M |
| 2 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
+$3.12M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
+$3.03M |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$2.97M |
| 5 |
AR
Advisory Research
Chicago,
Illinois
|
+$2.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$2.55M |
| 2 |
ICMC
Intrepid Capital Management (Connecticut)
Greenwich,
Connecticut
|
-$1.73M |
| 3 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$1.19M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.02M |
| 5 |
FNYS
First New York Securities
New York
|
-$832K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$14K | -837 | Closed |
|
|
FANJ
127
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$2K | -102 | Closed |
|
GBDC Hedge Fund Activity: Q4 2013 in Review
112 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q4 2013, worth a combined $357M — up 19% from $301M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new GBDC positions and 15 closed out — a net gain of 3 holders — while 45 added to existing stakes and 28 trimmed.
The largest buyer was ClearBridge Investments, adding an estimated $11.8M. The largest seller was 1832 Asset Management, cutting an estimated $2.55M.
- 112 institutional investors held Golub Capital BDC (GBDC) as of Q4 2013, up from 110 in Q3 2013.
- Funds reported $357M of Golub Capital BDC stock for Q4 2013, up 19% quarter-over-quarter.
- 18 funds opened new Golub Capital BDC positions in Q4 2013 and 15 closed out, a net change of +3 holders.
- The largest Golub Capital BDC buyer in Q4 2013 was ClearBridge Investments, an estimated $11.8M added.
- The largest Golub Capital BDC seller in Q4 2013 was 1832 Asset Management, an estimated $2.55M sold.
Based on aggregated 13F filings for Q4 2013.