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Golub Capital BDC
GBDC

133 hedge funds and large institutions have $434M invested in Golub Capital BDC in 2016 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 46 increasing their positions, 44 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 9

43.8% more ownership

Funds ownership: 0% → 43.8% (+44%)

7% more funds holding

Funds holding: 124 → 133 (+9)

5% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 44

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

13% less capital invested

Capital invested by funds: $500M → $434M (-$65.7M)

Holders
133
Holders Change
+9
Holders Change %
+7.26%
% of All Funds
3.33%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
21
Increased
46
Reduced
44
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MC
Muzinich & Co
New York
+$9.41M
2
AM
Ares Management
California
+$8.73M
3
CCP
Clough Capital Partners
Massachusetts
+$3.05M
4
Wells Fargo
Wells Fargo
California
+$2.51M
5
GC
Guggenheim Capital
Illinois
+$1.92M

Top Sellers

Rank Fund Capital Flow
1
Bank of New York Mellon
Bank of New York Mellon
New York
-$12.4M
2
ClearBridge Investments
ClearBridge Investments
New York
-$7.18M
3
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
-$4.68M
4
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
-$4.23M
5
Northern Trust
Northern Trust
Illinois
-$1.86M
Name Holding Trade Value Shares
Change 		Change in
Stake
TRCT
126
Tower Research Capital (TRC)
New York
$7K -$3.49K -195 -35%
NFG
127
Next Financial Group
Texas
$7K – – –
Creative Planning
128
Creative Planning
Kansas
$6K – – –
MFS
129
MSI Financial Services
Massachusetts
$5K -$17.2K -959 -79%
PAM
130
Panagora Asset Management
Massachusetts
$4K – – –
PMFA
131
Plante Moran Financial Advisors
Michigan
$3K – – –
MRCM
132
M&R Capital Management
New Jersey
$2K – – –
PA
133
Parallel Advisors
California
$1K +$1.04K +58 New
Susquehanna International Group
134
Susquehanna International Group
Pennsylvania
– -$1.1M -60,510 Closed
Ameriprise
135
Ameriprise
Minnesota
– -$600K -32,985 Closed
DTL
136
Dynamic Technology Lab
Singapore
– -$196K -10,767 Closed
VKH
137
Virtu KCG Holdings
New York
– -$186K -10,235 Closed
LAM
138
Lebenthal Asset Management
New York
– -$93K -5,105 Closed
Barclays
139
Barclays
United Kingdom
– -$90K -4,960 Closed
AIM
140
Acrospire Investment Management
Illinois
– -$13K -719 Closed
Simplex Trading
141
Simplex Trading
Illinois
– -$5.93K -331 Closed
IWMPD
142
Integrated Wealth Management (Palm Desert)
California
– -$2K -102 Closed
2 3 4 5
6

GBDC Hedge Fund Activity: Q4 2016 in Review

133 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q4 2016, worth a combined $434M — down 13% from $500M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new GBDC positions and 9 closed out — a net gain of 12 holders — while 46 added to existing stakes and 44 trimmed.

The largest buyer was Muzinich & Co, adding an estimated $9.41M. The largest seller was Bank of New York Mellon, cutting an estimated $12.4M.

  • 133 institutional investors held Golub Capital BDC (GBDC) as of Q4 2016, up from 124 in Q3 2016.
  • Funds reported $434M of Golub Capital BDC stock for Q4 2016, down 13% quarter-over-quarter.
  • 21 funds opened new Golub Capital BDC positions in Q4 2016 and 9 closed out, a net change of +12 holders.
  • The largest Golub Capital BDC buyer in Q4 2016 was Muzinich & Co, an estimated $9.41M added.
  • The largest Golub Capital BDC seller in Q4 2016 was Bank of New York Mellon, an estimated $12.4M sold.

Based on aggregated 13F filings for Q4 2016.