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Golub Capital BDC

119 hedge funds and large institutions have $359M invested in Golub Capital BDC in 2015 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 33 increasing their positions, 47 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

157% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 7

9% more funds holding

Funds holding: 109119 (+10)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

4% less capital invested

Capital invested by funds: $375M → $359M (-$15.9M)

30% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 47

Holders
119
Holders Change
+10
Holders Change %
+9.17%
% of All Funds
3.32%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.06%
New
18
Increased
33
Reduced
47
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
ALA
1
Atherton Lane Advisers
California
$61.1M -$1.12M -68,979 -2%
ClearBridge Investments
2
ClearBridge Investments
New York
$33M -$2.13M -131,709 -6%
T. Rowe Price Associates
3
T. Rowe Price Associates
Maryland
$20.8M +$1.97M +121,846 +10%
UBS Group
4
UBS Group
Switzerland
$19.7M -$3.29M -203,545 -14%
Schroder Investment Management Group
5
Schroder Investment Management Group
United Kingdom
$19.2M -$325K -20,113 -2%
Wells Fargo
6
Wells Fargo
California
$14.1M -$746K -46,119 -5%
CIM
7
Confluence Investment Management
Missouri
$12.1M +$389K +24,044 +3%
Goldman Sachs
8
Goldman Sachs
New York
$11M -$371K -22,944 -3%
CCMLC
9
Cardinal Capital Management LLC (Connecticut)
Connecticut
$10.7M -$191K -11,810 -2%
Morgan Stanley
10
Morgan Stanley
New York
$9.51M +$2.61M +161,734 +36%
MC
11
Muzinich & Co
New York
$9.11M +$246K +15,185 +3%
Neuberger Berman Group
12
Neuberger Berman Group
New York
$8.47M -$488K -30,200 -5%
Brown Advisory
13
Brown Advisory
Maryland
$7.94M +$6.35M +392,642 +342%
NRS
14
Neville Rodie & Shaw
New York
$6.5M -$399K -24,698 -6%
Toronto Dominion Bank
15
Toronto Dominion Bank
Ontario, Canada
$6.46M +$6.67M +412,484 New
YMRC
16
Yorktown Management & Research Company
Virginia
$6.23M -$1.17M -72,491 -15%
FIM
17
Frontier Investment Management
Texas
$5.27M +$28.6K +1,767 +0.5%
ACM
18
Advisors Capital Management
New Jersey
$5.14M -$4.6M -284,375 -46%
Invesco
19
Invesco
Georgia
$5.02M -$635K -39,279 -11%
Thrivent Financial for Lutherans
20
Thrivent Financial for Lutherans
Minnesota
$4.79M
First Eagle Investment Management
21
First Eagle Investment Management
New York
$4.47M +$4.62M +285,880 New
CS
22
Credit Suisse
Switzerland
$4.41M -$160K -9,917 -3%
CCP
23
Clough Capital Partners
Massachusetts
$4.35M
TYCC
24
Texas Yale Capital Corp
Florida
$4.2M -$175K -10,828 -4%
BG
25
BlackRock Group
United Kingdom
$3.81M -$42K -2,600 -1%

GBDC Hedge Fund Activity: Q3 2015 in Review

119 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q3 2015, worth a combined $359M — down 4.2% from $375M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new GBDC positions and 7 closed out — a net gain of 11 holders — while 33 added to existing stakes and 47 trimmed.

The largest buyer was Toronto Dominion Bank, opening a new position worth an estimated $6.67M. The largest seller was Advisors Capital Management, cutting an estimated $4.6M.

  • 119 institutional investors held Golub Capital BDC (GBDC) as of Q3 2015, up from 109 in Q2 2015.
  • Funds reported $359M of Golub Capital BDC stock for Q3 2015, down 4.2% quarter-over-quarter.
  • 18 funds opened new Golub Capital BDC positions in Q3 2015 and 7 closed out, a net change of +11 holders.
  • The largest Golub Capital BDC buyer in Q3 2015 was Toronto Dominion Bank, an estimated $6.67M added.
  • The largest Golub Capital BDC seller in Q3 2015 was Advisors Capital Management, an estimated $4.6M sold.

Based on aggregated 13F filings for Q3 2015.