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Golub Capital BDC

133 hedge funds and large institutions have $434M invested in Golub Capital BDC in 2016 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 46 increasing their positions, 44 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 9

43.8% more ownership

Funds ownership: 0%43.8% (+44%)

7% more funds holding

Funds holding: 124133 (+9)

5% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 44

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

13% less capital invested

Capital invested by funds: $500M → $434M (-$65.7M)

Holders
133
Holders Change
+9
Holders Change %
+7.26%
% of All Funds
3.33%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
21
Increased
46
Reduced
44
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of New York Mellon
1
Bank of New York Mellon
New York
$42.2M -$12.4M -692,977 -23%
MC
2
Muzinich & Co
New York
$30M +$9.41M +525,091 +46%
UBS Group
3
UBS Group
Switzerland
$25.6M +$1.25M +69,979 +5%
Wells Fargo
4
Wells Fargo
California
$23.5M +$2.51M +139,967 +12%
T. Rowe Price Associates
5
T. Rowe Price Associates
Maryland
$23.5M +$1.08M +60,096 +5%
ClearBridge Investments
6
ClearBridge Investments
New York
$22.8M -$7.18M -400,742 -24%
Schroder Investment Management Group
7
Schroder Investment Management Group
United Kingdom
$17.2M -$4.68M -261,239 -21%
CCP
8
Clough Capital Partners
Massachusetts
$16.5M +$3.05M +170,210 +23%
CCMLC
9
Cardinal Capital Management LLC (Connecticut)
Connecticut
$14.5M -$76K -4,242 -0.5%
CIM
10
Confluence Investment Management
Missouri
$14.4M -$72.3K -4,033 -0.5%
Goldman Sachs
11
Goldman Sachs
New York
$12.1M -$29.4K -1,639 -0.2%
AM
12
Ares Management
California
$10.9M +$8.73M +487,277 +422%
Morgan Stanley
13
Morgan Stanley
New York
$10.3M -$1.07M -59,639 -9%
GC
14
Guggenheim Capital
Illinois
$8.7M +$1.92M +107,259 +29%
Toronto Dominion Bank
15
Toronto Dominion Bank
Ontario, Canada
$7.79M -$1.4M -78,197 -15%
FIM
16
Frontier Investment Management
Texas
$7.5M +$168K +9,400 +2%
State of New Jersey Common Pension Fund D
17
State of New Jersey Common Pension Fund D
New Jersey
$7.36M -$4.23M -236,168 -37%
Neuberger Berman Group
18
Neuberger Berman Group
New York
$7.24M -$418K -23,345 -5%
NRS
19
Neville Rodie & Shaw
New York
$6.56M -$136K -7,597 -2%
First Eagle Investment Management
20
First Eagle Investment Management
New York
$6.32M
VanEck Associates
21
VanEck Associates
New York
$5.64M +$1.07M +59,561 +23%
Thrivent Financial for Lutherans
22
Thrivent Financial for Lutherans
Minnesota
$5.52M
ACM
23
Advisors Capital Management
New Jersey
$5.51M -$245K -13,659 -4%
BG
24
BlackRock Group
United Kingdom
$5.36M +$1.47M +81,888 +38%
YMRC
25
Yorktown Management & Research Company
Virginia
$5.33M -$1.28M -71,470 -19%

GBDC Hedge Fund Activity: Q4 2016 in Review

133 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q4 2016, worth a combined $434M — down 13% from $500M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new GBDC positions and 9 closed out — a net gain of 12 holders — while 46 added to existing stakes and 44 trimmed.

The largest buyer was Muzinich & Co, adding an estimated $9.41M. The largest seller was Bank of New York Mellon, cutting an estimated $12.4M.

  • 133 institutional investors held Golub Capital BDC (GBDC) as of Q4 2016, up from 124 in Q3 2016.
  • Funds reported $434M of Golub Capital BDC stock for Q4 2016, down 13% quarter-over-quarter.
  • 21 funds opened new Golub Capital BDC positions in Q4 2016 and 9 closed out, a net change of +12 holders.
  • The largest Golub Capital BDC buyer in Q4 2016 was Muzinich & Co, an estimated $9.41M added.
  • The largest Golub Capital BDC seller in Q4 2016 was Bank of New York Mellon, an estimated $12.4M sold.

Based on aggregated 13F filings for Q4 2016.