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Golub Capital BDC

337 hedge funds and large institutions have $1.69B invested in Golub Capital BDC in 2025 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 150 increasing their positions, 83 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

118% more call options, than puts

Call options by funds: $1.73M | Put options by funds: $794K

81% more repeat investments, than reductions

Existing positions increased: 150 | Existing positions reduced: 83

47% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 34

18% more funds holding in top 10

Funds holding in top 10: 1113 (+2)

7% more capital invested

Capital invested by funds: $1.58B → $1.69B (+$112M)

3% more funds holding

Funds holding: 326337 (+11)

2.68% more ownership

Funds ownership: 39.11%41.78% (+2.7%)

Holders
337
Holders Change
+11
Holders Change %
+3.37%
% of All Funds
4.52%
Holding in Top 10
13
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+18.18%
% of All Funds
0.17%
New
50
Increased
150
Reduced
83
Closed
34
Calls
$1.73M
Puts
$794K
Net Calls
+$936K
Net Calls Change
+$1.75M
Name Holding Trade Value Shares
Change
Change in
Stake
Mercer Global Advisors
151
Mercer Global Advisors
Colorado
$785K +$33K +2,153 +4%
AWA
152
Amplius Wealth Advisors
Pennsylvania
$775K +$14.2K +926 +2%
TCM
153
Triumph Capital Management
Colorado
$772K +$38.1K +2,481 +5%
Manulife (Manufacturers Life Insurance)
154
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$755K -$144K -9,363 -16%
EWM
155
Evercore Wealth Management
New York
$746K +$138K +9,000 +22%
IA
156
IFC Advisors
California
$733K +$94.8K +6,179 +15%
MLIC
157
Mandatum Life Insurance Company
Finland
$703K +$86.6K +5,641 +14%
NB
158
NBT Bank
New York
$701K -$460K -30,000 -39%
JG
159
Jain Global
New York
$687K +$696K +45,351 New
AWM
160
Accurate Wealth Management
Florida
$684K +$261K +17,010 +52%
RP
161
Riverbridge Partners
Minnesota
$670K +$68.8K +4,480 +11%
NFG
162
Nations Financial Group
Iowa
$669K -$39.6K -2,580 -6%
PCA
163
Pallas Capital Advisors
Massachusetts
$667K +$243K +15,860 +56%
ACP
164
Arcus Capital Partners
Georgia
$666K +$675K +43,971 New
William Blair & Company
165
William Blair & Company
Illinois
$664K +$271K +17,650 +67%
NA
166
NewEdge Advisors
Louisiana
$659K +$110K +7,178 +20%
OIS
167
OneAscent Investment Solutions
Alabama
$656K +$665K +43,359 New
WS
168
Wedbush Securities
California
$649K +$23K +1,500 +4%
MCA
169
Magnolia Capital Advisors
Mississippi
$624K +$59.7K +3,891 +10%
Cambridge Investment Research Advisors
170
Cambridge Investment Research Advisors
Iowa
$618K -$4.53K -295 -0.7%
PAG
171
Private Advisor Group
New Jersey
$609K +$116K +7,576 +23%
UBP
172
Union Bancaire Privee
Switzerland
$604K
ProShare Advisors
173
ProShare Advisors
Maryland
$604K +$58.5K +3,814 +11%
AWM
174
Apollon Wealth Management
South Carolina
$595K +$604K +39,329 New
OC
175
Oppenheimer & Co
New York
$595K +$299K +19,496 +99%

GBDC Hedge Fund Activity: Q1 2025 in Review

337 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q1 2025, worth a combined $1.69B — up 7.1% from $1.58B a quarter earlier.

Buyers outnumbered sellers: 50 funds opened new GBDC positions and 34 closed out — a net gain of 16 holders — while 150 added to existing stakes and 83 trimmed.

The largest buyer was Generali Asset Management, opening a new position worth an estimated $27.6M. The largest seller was Corient Private Wealth, cutting an estimated $10.1M.

  • 337 institutional investors held Golub Capital BDC (GBDC) as of Q1 2025, up from 326 in Q4 2024.
  • Funds reported $1.69B of Golub Capital BDC stock for Q1 2025, up 7.1% quarter-over-quarter.
  • 50 funds opened new Golub Capital BDC positions in Q1 2025 and 34 closed out, a net change of +16 holders.
  • The largest Golub Capital BDC buyer in Q1 2025 was Generali Asset Management, an estimated $27.6M added.
  • The largest Golub Capital BDC seller in Q1 2025 was Corient Private Wealth, an estimated $10.1M sold.

Based on aggregated 13F filings for Q1 2025.