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Golub Capital BDC
GBDC

202 hedge funds and large institutions have $1.06B invested in Golub Capital BDC in 2021 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 60 increasing their positions, 64 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

124% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 17

62% more call options, than puts

Call options by funds: $808K | Put options by funds: $499K

9% more funds holding

Funds holding: 185 → 202 (+17)

3% more capital invested

Capital invested by funds: $1.03B → $1.06B (+$33.2M)

0% more funds holding in top 10

Funds holding in top 10: 12 → 12 (0)

0.26% less ownership

Funds ownership: 43.42% → 43.16% (-0.26%)

6% less repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 64

Holders
202
Holders Change
+17
Holders Change %
+9.19%
% of All Funds
3.55%
Holding in Top 10
12
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.21%
New
38
Increased
60
Reduced
64
Closed
17
Calls
$808K
Puts
$499K
Net Calls
+$309K
Net Calls Change
+$460K

Top Buyers

Rank Fund Capital Flow
1
AM
Ares Management
California
+$12.6M
2
Morgan Stanley
Morgan Stanley
New York
+$9.85M
3
OAC
OMERS Administration Corp
Ontario, Canada
+$4.69M
4
Bank of America
Bank of America
North Carolina
+$3.59M
5
VanEck Associates
VanEck Associates
New York
+$3.25M

Top Sellers

Rank Fund Capital Flow
1
SO
STRS Ohio
Ohio
-$12.7M
2
RFA
Radnor Financial Advisors
Pennsylvania
-$8.13M
3
Cerity Partners
Cerity Partners
New York
-$7.53M
4
Two Sigma Investments
Two Sigma Investments
New York
-$6.33M
5
Two Sigma Advisers
Two Sigma Advisers
New York
-$5M
Name Holding Trade Value Shares
Change 		Change in
Stake
PSUF
126
People's United Financial
Connecticut
$328K -$350K -23,836 -52%
CC
127
Cipher Capital
New York
$321K +$323K +21,963 New
EAM
128
Evanson Asset Management
California
$319K – – –
ACM
129
Ayrshire Capital Management
Connecticut
$316K -$108K -7,365 -25%
CI
130
CAZ Investments
Texas
$313K – – –
US Bancorp
131
US Bancorp
Minnesota
$303K -$19.1K -1,297 -6%
WA
132
Wambolt & Associates
Colorado
$301K -$76K -5,167 -21%
Victory Capital Management
133
Victory Capital Management
Texas
$278K -$12.8K -872 -4%
BWM
134
BT Wealth Management
Georgia
$278K +$58.8K +4,000 +27%
EWM
135
Evercore Wealth Management
New York
$269K – – –
Mirae Asset Global Investments
136
Mirae Asset Global Investments
South Korea
$269K +$27.2K +1,850 +11%
Lido Advisors
137
Lido Advisors
California
$258K +$24.7K +1,681 +11%
KFA
138
Kelleher Financial Advisors
New York
$248K +$249K +16,952 New
RT
139
Rockland Trust
Massachusetts
$244K +$245K +16,662 New
NCM
140
Novare Capital Management
North Carolina
$240K – – –
GAM
141
Griffin Asset Management
New York
$238K -$118K -8,000 -33%
KAS
142
Kestra Advisory Services
Texas
$231K -$137K -9,322 -37%
WAM
143
Wolverine Asset Management
Illinois
$229K +$231K +15,704 New
CPA
144
Cowen Prime Advisors
New York
$227K +$215K +14,600 +1,622%
CFS
145
Capital Financial Services
New York
$221K – – –
Ameriprise
146
Ameriprise
Minnesota
$213K -$74.1K -5,038 -26%
Cetera Investment Advisers
147
Cetera Investment Advisers
Illinois
$209K +$211K +14,327 New
AWM
148
AE Wealth Management
Kansas
$203K +$18.5K +1,261 +10%
SCM
149
Shelton Capital Management
Colorado
$201K – – –
DM
150
Delphi Management
Massachusetts
$198K +$199K +13,515 New
4 5
6
7 8

GBDC Hedge Fund Activity: Q1 2021 in Review

202 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q1 2021, worth a combined $1.06B — up 3.2% from $1.03B a quarter earlier.

Buyers outnumbered sellers: 38 funds opened new GBDC positions and 17 closed out — a net gain of 21 holders — while 60 added to existing stakes and 64 trimmed.

The largest buyer was Ares Management, adding an estimated $12.6M. The largest seller was STRS Ohio, cutting an estimated $12.7M.

  • 202 institutional investors held Golub Capital BDC (GBDC) as of Q1 2021, up from 185 in Q4 2020.
  • Funds reported $1.06B of Golub Capital BDC stock for Q1 2021, up 3.2% quarter-over-quarter.
  • 38 funds opened new Golub Capital BDC positions in Q1 2021 and 17 closed out, a net change of +21 holders.
  • The largest Golub Capital BDC buyer in Q1 2021 was Ares Management, an estimated $12.6M added.
  • The largest Golub Capital BDC seller in Q1 2021 was STRS Ohio, an estimated $12.7M sold.

Based on aggregated 13F filings for Q1 2021.