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Golub Capital BDC

124 hedge funds and large institutions have $500M invested in Golub Capital BDC in 2016 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 48 increasing their positions, 40 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 40

19% more capital invested

Capital invested by funds: $421M → $500M (+$79.2M)

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

1% less funds holding

Funds holding: 125124 (-1)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $1K

Holders
124
Holders Change
-1
Holders Change %
-0.8%
% of All Funds
3.31%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
7
Increased
48
Reduced
40
Closed
6
Calls
Puts
$1K
Net Calls
-$1K
Net Calls Change
-$1.26M
Name Holding Trade Value Shares
Change
Change in
Stake
FIM
1
Frontier Investment Management
Texas
$74M +$293K +15,989 +4%
Bank of New York Mellon
2
Bank of New York Mellon
New York
$55.2M -$6.48M -353,522 -10%
ClearBridge Investments
3
ClearBridge Investments
New York
$30.3M
UBS Group
4
UBS Group
Switzerland
$24.6M +$1.68M +91,907 +7%
T. Rowe Price Associates
5
T. Rowe Price Associates
Maryland
$22.6M +$63.4K +3,461 +0.3%
Schroder Investment Management Group
6
Schroder Investment Management Group
United Kingdom
$22.2M -$4.7M -256,831 -17%
Wells Fargo
7
Wells Fargo
California
$21.2M -$1.01M -55,403 -5%
MC
8
Muzinich & Co
New York
$20.7M +$9.98M +544,616 +92%
CCMLC
9
Cardinal Capital Management LLC (Connecticut)
Connecticut
$14.7M +$494K +26,976 +3%
CIM
10
Confluence Investment Management
Missouri
$14.6M +$88.6K +4,837 +0.6%
CCP
11
Clough Capital Partners
Massachusetts
$13.6M
Goldman Sachs
12
Goldman Sachs
New York
$12.2M -$68.6K -3,746 -0.6%
State of New Jersey Common Pension Fund D
13
State of New Jersey Common Pension Fund D
New Jersey
$11.7M +$2.52M +137,835 +27%
Morgan Stanley
14
Morgan Stanley
New York
$11.5M -$209K -11,399 -2%
Toronto Dominion Bank
15
Toronto Dominion Bank
Ontario, Canada
$9.29M
Neuberger Berman Group
16
Neuberger Berman Group
New York
$7.73M -$295K -16,121 -4%
GC
17
Guggenheim Capital
Illinois
$6.83M +$2.15M +117,623 +46%
NRS
18
Neville Rodie & Shaw
New York
$6.76M -$6.91K -377 -0.1%
YMRC
19
Yorktown Management & Research Company
Virginia
$6.68M -$561K -30,630 -8%
First Eagle Investment Management
20
First Eagle Investment Management
New York
$6.38M
ACM
21
Advisors Capital Management
New Jersey
$5.81M -$128K -7,012 -2%
Thrivent Financial for Lutherans
22
Thrivent Financial for Lutherans
Minnesota
$5.57M
AAM
23
Advisors Asset Management
Colorado
$4.93M +$1.14M +62,176 +30%
VanEck Associates
24
VanEck Associates
New York
$4.61M +$549K +29,952 +13%
NEAM
25
New England Asset Management
Connecticut
$4.33M

GBDC Hedge Fund Activity: Q3 2016 in Review

124 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q3 2016, worth a combined $500M — up 19% from $421M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new GBDC positions and 6 closed out — a net gain of 1 holder — while 48 added to existing stakes and 40 trimmed.

The largest buyer was Muzinich & Co, adding an estimated $9.98M. The largest seller was Bank of New York Mellon, cutting an estimated $6.48M.

  • 124 institutional investors held Golub Capital BDC (GBDC) as of Q3 2016, down from 125 in Q2 2016.
  • Funds reported $500M of Golub Capital BDC stock for Q3 2016, up 19% quarter-over-quarter.
  • 7 funds opened new Golub Capital BDC positions in Q3 2016 and 6 closed out, a net change of +1 holder.
  • The largest Golub Capital BDC buyer in Q3 2016 was Muzinich & Co, an estimated $9.98M added.
  • The largest Golub Capital BDC seller in Q3 2016 was Bank of New York Mellon, an estimated $6.48M sold.

Based on aggregated 13F filings for Q3 2016.