Golub Capital BDC
GBDC
167 hedge funds and large institutions have $797M invested in Golub Capital BDC in 2019 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 59 increasing their positions, 48 reducing their positions, and 17 closing their positions.
103% more capital invested
Capital invested by funds: $393M → $797M (+$405M)
53% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 17
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
23% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 48
5% more funds holding
Funds holding: 159 → 167 (+8)
4.57% less ownership
Funds ownership: 37.21% → 32.64% (-4.6%)
84% less call options, than puts
Call options by funds: $294K | Put options by funds: $1.88M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SO
STRS Ohio
Columbus,
Ohio
|
+$284M |
| 2 |
SWPG
Strategic Wealth Partners Group
Deerfield,
Illinois
|
+$32.3M |
| 3 |
SI
Stephens Inc
Little Rock,
Arkansas
|
+$16.2M |
| 4 |
RC
RegentAtlantic Capital
Morristown,
New Jersey
|
+$15.1M |
| 5 |
ZCA
Zeke Capital Advisors
Berwyn,
Pennsylvania
|
+$10.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$6.25M |
| 2 |
AIM
Anchor Investment Management
Columbia,
South Carolina
|
-$3.08M |
| 3 |
Two Sigma Investments
New York
|
-$1.83M |
| 4 |
AL
Arnhold LLC
New York
|
-$1.7M |
| 5 |
AM
Ares Management
Los Angeles,
California
|
-$1.25M |
GBDC Hedge Fund Activity: Q3 2019 in Review
167 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q3 2019, worth a combined $797M — up 103% from $393M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new GBDC positions and 17 closed out — a net gain of 9 holders — while 59 added to existing stakes and 48 trimmed.
The largest buyer was STRS Ohio, opening a new position worth an estimated $284M. The largest seller was Thrivent Financial for Lutherans, exiting entirely with an estimated $6.25M sold.
- 167 institutional investors held Golub Capital BDC (GBDC) as of Q3 2019, up from 159 in Q2 2019.
- Funds reported $797M of Golub Capital BDC stock for Q3 2019, up 103% quarter-over-quarter.
- 26 funds opened new Golub Capital BDC positions in Q3 2019 and 17 closed out, a net change of +9 holders.
- The largest Golub Capital BDC buyer in Q3 2019 was STRS Ohio, an estimated $284M added.
- The largest Golub Capital BDC seller in Q3 2019 was Thrivent Financial for Lutherans, an estimated $6.25M sold.
Based on aggregated 13F filings for Q3 2019.