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Golub Capital BDC

125 hedge funds and large institutions have $421M invested in Golub Capital BDC in 2016 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 44 increasing their positions, 36 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

114% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 7

29% more capital invested

Capital invested by funds: $326M → $421M (+$94.8M)

22% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 36

6% more funds holding

Funds holding: 118125 (+7)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

Holders
125
Holders Change
+7
Holders Change %
+5.93%
% of All Funds
3.34%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
15
Increased
44
Reduced
36
Closed
7
Calls
$1.25M
Puts
Net Calls
+$1.25M
Net Calls Change
-$45K
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of New York Mellon
1
Bank of New York Mellon
New York
$60M +$57.2M +3,368,098 +15,498%
ClearBridge Investments
2
ClearBridge Investments
New York
$29.5M
Schroder Investment Management Group
3
Schroder Investment Management Group
United Kingdom
$26.1M +$36.2K +2,133 +0.1%
UBS Group
4
UBS Group
Switzerland
$22.3M -$845K -49,789 -4%
T. Rowe Price Associates
5
T. Rowe Price Associates
Maryland
$21.9M +$27.7K +1,634 +0.1%
Wells Fargo
6
Wells Fargo
California
$21.6M +$6.89M +405,742 +50%
CIM
7
Confluence Investment Management
Missouri
$14.1M +$313K +18,426 +2%
CCMLC
8
Cardinal Capital Management LLC (Connecticut)
Connecticut
$13.9M +$1.34M +78,749 +11%
CCP
9
Clough Capital Partners
Massachusetts
$13.2M +$2.65M +156,213 +26%
Goldman Sachs
10
Goldman Sachs
New York
$12M -$164K -9,666 -1%
Morgan Stanley
11
Morgan Stanley
New York
$11.4M -$149K -8,750 -1%
MC
12
Muzinich & Co
New York
$10.5M -$284K -16,753 -3%
Toronto Dominion Bank
13
Toronto Dominion Bank
Ontario, Canada
$9.04M +$1.91M +112,310 +28%
State of New Jersey Common Pension Fund D
14
State of New Jersey Common Pension Fund D
New Jersey
$8.97M +$693K +40,840 +9%
Neuberger Berman Group
15
Neuberger Berman Group
New York
$7.81M -$413K -24,350 -5%
YMRC
16
Yorktown Management & Research Company
Virginia
$7.05M -$433K -25,525 -6%
FIM
17
Frontier Investment Management
Texas
$6.92M +$317K +18,690 +5%
NRS
18
Neville Rodie & Shaw
New York
$6.59M -$274K -16,168 -4%
Manulife (Manufacturers Life Insurance)
19
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$6.47M +$3.58K +211 +0.1%
First Eagle Investment Management
20
First Eagle Investment Management
New York
$6.21M
ACM
21
Advisors Capital Management
New Jersey
$5.78M -$124K -7,327 -2%
Thrivent Financial for Lutherans
22
Thrivent Financial for Lutherans
Minnesota
$5.42M
BG
23
BlackRock Group
United Kingdom
$4.98M +$607K +35,784 +15%
GC
24
Guggenheim Capital
Illinois
$4.57M +$860K +50,693 +24%
NEAM
25
New England Asset Management
Connecticut
$4.21M

GBDC Hedge Fund Activity: Q2 2016 in Review

125 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q2 2016, worth a combined $421M — up 29% from $326M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new GBDC positions and 7 closed out — a net gain of 8 holders — while 44 added to existing stakes and 36 trimmed.

The largest buyer was Bank of New York Mellon, adding an estimated $57.2M. The largest seller was Delphi Management, exiting entirely with an estimated $978K sold.

  • 125 institutional investors held Golub Capital BDC (GBDC) as of Q2 2016, up from 118 in Q1 2016.
  • Funds reported $421M of Golub Capital BDC stock for Q2 2016, up 29% quarter-over-quarter.
  • 15 funds opened new Golub Capital BDC positions in Q2 2016 and 7 closed out, a net change of +8 holders.
  • The largest Golub Capital BDC buyer in Q2 2016 was Bank of New York Mellon, an estimated $57.2M added.
  • The largest Golub Capital BDC seller in Q2 2016 was Delphi Management, an estimated $978K sold.

Based on aggregated 13F filings for Q2 2016.