Golub Capital BDC
GBDC
115 hedge funds and large institutions have $402M invested in Golub Capital BDC in 2014 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 49 increasing their positions, 30 reducing their positions, and 13 closing their positions.
142% more call options, than puts
Call options by funds: $285K | Put options by funds: $118K
63% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 30
31% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 13
13% more capital invested
Capital invested by funds: $357M → $402M (+$45.9M)
3% more funds holding
Funds holding: 112 → 115 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ALA
Atherton Lane Advisers
Menlo Park,
California
|
+$27.8M |
| 2 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
+$13.2M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
+$9.69M |
| 4 |
ClearBridge Investments
New York
|
+$7.71M |
| 5 |
NRS
Neville Rodie & Shaw
New York
|
+$4.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$4.4M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$4.33M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$2.43M |
| 4 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
-$1.91M |
| 5 |
NIMC
NWQ Investment Management Company
Los Angeles,
California
|
-$1.64M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FWM
126
Focused Wealth Management
Newburgh,
New York
| – | -$4K | -230 | Closed |
|
|
LTFS
127
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$4K | -230 | Closed |
|
128
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$3K | -184 | Closed |
|
GBDC Hedge Fund Activity: Q1 2014 in Review
115 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q1 2014, worth a combined $402M — up 13% from $357M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new GBDC positions and 13 closed out — a net gain of 4 holders — while 49 added to existing stakes and 30 trimmed.
The largest buyer was Atherton Lane Advisers, adding an estimated $27.8M. The largest seller was Vanguard Group, cutting an estimated $4.4M.
- 115 institutional investors held Golub Capital BDC (GBDC) as of Q1 2014, up from 112 in Q4 2013.
- Funds reported $402M of Golub Capital BDC stock for Q1 2014, up 13% quarter-over-quarter.
- 17 funds opened new Golub Capital BDC positions in Q1 2014 and 13 closed out, a net change of +4 holders.
- The largest Golub Capital BDC buyer in Q1 2014 was Atherton Lane Advisers, an estimated $27.8M added.
- The largest Golub Capital BDC seller in Q1 2014 was Vanguard Group, an estimated $4.4M sold.
Based on aggregated 13F filings for Q1 2014.