Golub Capital BDC
GBDC
136 hedge funds and large institutions have $494M invested in Golub Capital BDC in 2017 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 51 increasing their positions, 41 reducing their positions, and 13 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
38% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 13
24% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 41
14% more capital invested
Capital invested by funds: $434M → $494M (+$59.4M)
2% more funds holding
Funds holding: 133 → 136 (+3)
0.7% more ownership
Funds ownership: 42.9% → 43.6% (+0.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Muzinich & Co
New York
|
+$11.7M |
| 2 |
BlackRock
New York
|
+$8.59M |
| 3 |
Bank of New York Mellon
New York
|
+$8.31M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$5.16M |
| 5 |
LWM
Lyell Wealth Management
Menlo Park,
California
|
+$4.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$7.36M |
| 2 |
Neuberger Berman Group
New York
|
-$7.24M |
| 3 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
-$4.56M |
| 4 |
ClearBridge Investments
New York
|
-$3.15M |
| 5 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$2.65M |
GBDC Hedge Fund Activity: Q1 2017 in Review
136 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q1 2017, worth a combined $494M — up 14% from $434M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new GBDC positions and 13 closed out — a net gain of 5 holders — while 51 added to existing stakes and 41 trimmed.
The largest buyer was Muzinich & Co, adding an estimated $11.7M. The largest seller was State of New Jersey Common Pension Fund D, exiting entirely with an estimated $7.36M sold.
- 136 institutional investors held Golub Capital BDC (GBDC) as of Q1 2017, up from 133 in Q4 2016.
- Funds reported $494M of Golub Capital BDC stock for Q1 2017, up 14% quarter-over-quarter.
- 18 funds opened new Golub Capital BDC positions in Q1 2017 and 13 closed out, a net change of +5 holders.
- The largest Golub Capital BDC buyer in Q1 2017 was Muzinich & Co, an estimated $11.7M added.
- The largest Golub Capital BDC seller in Q1 2017 was State of New Jersey Common Pension Fund D, an estimated $7.36M sold.
Based on aggregated 13F filings for Q1 2017.