Golub Capital BDC
GBDC
118 hedge funds and large institutions have $326M invested in Golub Capital BDC in 2016 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 36 increasing their positions, 41 reducing their positions, and 11 closing their positions.
45% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 11
4% more funds holding
Funds holding: 114 → 118 (+4)
12% less capital invested
Capital invested by funds: $369M → $326M (-$42.8M)
12% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 41
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Schroder Investment Management Group
London,
United Kingdom
|
+$3.95M |
| 2 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
+$2.97M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$2.95M |
| 4 |
Northern Trust
Chicago,
Illinois
|
+$1.93M |
| 5 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$1.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$4.46M |
| 2 |
LPL Financial
San Diego,
California
|
-$2.61M |
| 3 |
ClearBridge Investments
New York
|
-$2.36M |
| 4 |
Brown Advisory
Baltimore,
Maryland
|
-$1.99M |
| 5 |
Two Sigma Investments
New York
|
-$663K |
GBDC Hedge Fund Activity: Q1 2016 in Review
118 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q1 2016, worth a combined $326M — down 12% from $369M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new GBDC positions and 11 closed out — a net gain of 5 holders — while 36 added to existing stakes and 41 trimmed.
The largest buyer was Schroder Investment Management Group, adding an estimated $3.95M. The largest seller was Credit Suisse, exiting entirely with an estimated $4.46M sold.
- 118 institutional investors held Golub Capital BDC (GBDC) as of Q1 2016, up from 114 in Q4 2015.
- Funds reported $326M of Golub Capital BDC stock for Q1 2016, down 12% quarter-over-quarter.
- 16 funds opened new Golub Capital BDC positions in Q1 2016 and 11 closed out, a net change of +5 holders.
- The largest Golub Capital BDC buyer in Q1 2016 was Schroder Investment Management Group, an estimated $3.95M added.
- The largest Golub Capital BDC seller in Q1 2016 was Credit Suisse, an estimated $4.46M sold.
Based on aggregated 13F filings for Q1 2016.