Golub Capital BDC
GBDC
119 hedge funds and large institutions have $359M invested in Golub Capital BDC in 2015 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 33 increasing their positions, 47 reducing their positions, and 7 closing their positions.
157% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 7
9% more funds holding
Funds holding: 109 → 119 (+10)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less capital invested
Capital invested by funds: $375M → $359M (-$15.9M)
30% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 47
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$6.67M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
+$6.35M |
| 3 |
First Eagle Investment Management
New York
|
+$4.62M |
| 4 |
Morgan Stanley
New York
|
+$2.61M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$2.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Advisors Capital Management
Ridgewood,
New Jersey
|
-$4.6M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$3.29M |
| 3 |
JIC
JRM Investment Counsel
Omaha,
Nebraska
|
-$2.61M |
| 4 |
ClearBridge Investments
New York
|
-$2.13M |
| 5 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$2.06M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NCMW
126
Northern Capital Management (Wisconsin)
Madison,
Wisconsin
| – | -$172K | -10,606 | Closed |
|
127
Simplex Trading
Chicago,
Illinois
| – | +$65 | +4 | New |
|
GBDC Hedge Fund Activity: Q3 2015 in Review
119 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q3 2015, worth a combined $359M — down 4.2% from $375M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new GBDC positions and 7 closed out — a net gain of 11 holders — while 33 added to existing stakes and 47 trimmed.
The largest buyer was Toronto Dominion Bank, opening a new position worth an estimated $6.67M. The largest seller was Advisors Capital Management, cutting an estimated $4.6M.
- 119 institutional investors held Golub Capital BDC (GBDC) as of Q3 2015, up from 109 in Q2 2015.
- Funds reported $359M of Golub Capital BDC stock for Q3 2015, down 4.2% quarter-over-quarter.
- 18 funds opened new Golub Capital BDC positions in Q3 2015 and 7 closed out, a net change of +11 holders.
- The largest Golub Capital BDC buyer in Q3 2015 was Toronto Dominion Bank, an estimated $6.67M added.
- The largest Golub Capital BDC seller in Q3 2015 was Advisors Capital Management, an estimated $4.6M sold.
Based on aggregated 13F filings for Q3 2015.