Golub Capital BDC
GBDC
114 hedge funds and large institutions have $375M invested in Golub Capital BDC in 2015 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 39 increasing their positions, 37 reducing their positions, and 17 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 37
3% more capital invested
Capital invested by funds: $365M → $375M (+$10.1M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less funds holding
Funds holding: 119 → 114 (-5)
29% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$5.98M |
| 2 |
TG
TCW Group
Los Angeles,
California
|
+$2.52M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$2.11M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.35M |
| 5 |
Morgan Stanley
New York
|
+$986K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ClearBridge Investments
New York
|
-$4.83M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
-$3.23M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$2.4M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$1.53M |
| 5 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$1.28M |
GBDC Hedge Fund Activity: Q4 2015 in Review
114 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q4 2015, worth a combined $375M — up 2.8% from $365M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of GBDC and 12 opened new positions — a net loss of 5 holders — while 37 trimmed existing stakes and 39 added.
The largest buyer was State of New Jersey Common Pension Fund D, opening a new position worth an estimated $5.98M. The largest seller was ClearBridge Investments, cutting an estimated $4.83M.
- 114 institutional investors held Golub Capital BDC (GBDC) as of Q4 2015, down from 119 in Q3 2015.
- Funds reported $375M of Golub Capital BDC stock for Q4 2015, up 2.8% quarter-over-quarter.
- 12 funds opened new Golub Capital BDC positions in Q4 2015 and 17 closed out, a net change of -5 holders.
- The largest Golub Capital BDC buyer in Q4 2015 was State of New Jersey Common Pension Fund D, an estimated $5.98M added.
- The largest Golub Capital BDC seller in Q4 2015 was ClearBridge Investments, an estimated $4.83M sold.
Based on aggregated 13F filings for Q4 2015.