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Golub Capital BDC

185 hedge funds and large institutions have $1.03B invested in Golub Capital BDC in 2019 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 80 increasing their positions, 33 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

142% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 33

118% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 17

29% more capital invested

Capital invested by funds: $797M → $1.03B (+$235M)

29% more funds holding in top 10

Funds holding in top 10: 79 (+2)

11% more funds holding

Funds holding: 167185 (+18)

10.42% more ownership

Funds ownership: 32.64%43.05% (+10%)

46% less call options, than puts

Call options by funds: $295K | Put options by funds: $543K

Holders
185
Holders Change
+18
Holders Change %
+10.78%
% of All Funds
3.64%
Holding in Top 10
9
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+28.57%
% of All Funds
0.18%
New
37
Increased
80
Reduced
33
Closed
17
Calls
$295K
Puts
$543K
Net Calls
-$248K
Net Calls Change
+$1.34M
Name Holding Trade Value Shares
Change
Change in
Stake
TRCT
151
Tower Research Capital (TRC)
New York
$152K +$148K +8,390 New
LTFS
152
Ladenburg Thalmann Financial Services
Florida
$150K -$17.4K -984 -11%
PCM
153
Prelude Capital Management
New York
$144K +$10.8K +613 +8%
NCM
154
Next Capital Management
New York
$129K
AWA
155
Arkadios Wealth Advisors
Georgia
$105K +$102K +5,791 New
US Bancorp
156
US Bancorp
Minnesota
$103K
1IA
157
1834 Investment Advisors
Wisconsin
$83K -$10.8K -612 -12%
AG
158
Advisor Group
Arizona
$82K -$24.5K -1,387 -23%
PNC Financial Services Group
159
PNC Financial Services Group
Pennsylvania
$80K
BCA
160
Berman Capital Advisors
Georgia
$63K -$23.3K -1,320 -27%
WWM
161
Willingdon Wealth Management
North Carolina
$55K +$53.4K +3,029 New
NSIM
162
North Star Investment Management
Illinois
$43K
GEA
163
Glen Eagle Advisors
New Jersey
$35.4K +$371 +21 +1%
HWA
164
Heritage Wealth Advisors
Virginia
$25.8K
TI
165
tru Independence
Oregon
$25K +$36K +2,042 New
BFEC
166
Benjamin F. Edwards & Company
Missouri
$22K
FCA
167
FinTrust Capital Advisors
South Carolina
$19K
FGAM
168
Financial Gravity Asset Management
Texas
$18K +$2.59K +147 New
EWM
169
Endurance Wealth Management
Rhode Island
$15K
CAC
170
Certified Advisory Corp
Florida
$15K +$141 +8 +1%
Fidelity Investments
171
Fidelity Investments
Massachusetts
$14K +$13.5K +764 New
HIM
172
Hillsdale Investment Management
Ontario, Canada
$11K
FHA
173
First Horizon Advisors
Tennessee
$9K
PA
174
Procyon Advisors
Connecticut
$9K +$9.02K +511 New
Citigroup
175
Citigroup
New York
$4K

GBDC Hedge Fund Activity: Q4 2019 in Review

185 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q4 2019, worth a combined $1.03B — up 29% from $797M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new GBDC positions and 17 closed out — a net gain of 20 holders — while 80 added to existing stakes and 33 trimmed.

The largest buyer was Fort Washington Investment Advisors, adding an estimated $25.4M. The largest seller was Zeke Capital Advisors, cutting an estimated $7.97M.

  • 185 institutional investors held Golub Capital BDC (GBDC) as of Q4 2019, up from 167 in Q3 2019.
  • Funds reported $1.03B of Golub Capital BDC stock for Q4 2019, up 29% quarter-over-quarter.
  • 37 funds opened new Golub Capital BDC positions in Q4 2019 and 17 closed out, a net change of +20 holders.
  • The largest Golub Capital BDC buyer in Q4 2019 was Fort Washington Investment Advisors, an estimated $25.4M added.
  • The largest Golub Capital BDC seller in Q4 2019 was Zeke Capital Advisors, an estimated $7.97M sold.

Based on aggregated 13F filings for Q4 2019.