Golub Capital BDC
GBDC
139 hedge funds and large institutions have $473M invested in Golub Capital BDC in 2017 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 55 increasing their positions, 32 reducing their positions, and 11 closing their positions.
72% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 32
45% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 11
2% more funds holding
Funds holding: 136 → 139 (+3)
4% less capital invested
Capital invested by funds: $494M → $473M (-$20.5M)
1.75% less ownership
Funds ownership: 44.52% → 42.77% (-1.7%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Muzinich & Co
New York
|
+$8.84M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$7.64M |
| 3 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
+$4.84M |
| 4 |
First Eagle Investment Management
New York
|
+$3.98M |
| 5 |
Millennium Management
New York
|
+$3.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Ares Management
Los Angeles,
California
|
-$9.27M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$7.09M |
| 3 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$6.96M |
| 4 |
ClearBridge Investments
New York
|
-$4.84M |
| 5 |
Bank of New York Mellon
New York
|
-$4.65M |
GBDC Hedge Fund Activity: Q2 2017 in Review
139 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q2 2017, worth a combined $473M — down 4.2% from $494M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new GBDC positions and 11 closed out — a net gain of 5 holders — while 55 added to existing stakes and 32 trimmed.
The largest buyer was Muzinich & Co, adding an estimated $8.84M. The largest seller was Ares Management, cutting an estimated $9.27M.
- 139 institutional investors held Golub Capital BDC (GBDC) as of Q2 2017, up from 136 in Q1 2017.
- Funds reported $473M of Golub Capital BDC stock for Q2 2017, down 4.2% quarter-over-quarter.
- 16 funds opened new Golub Capital BDC positions in Q2 2017 and 11 closed out, a net change of +5 holders.
- The largest Golub Capital BDC buyer in Q2 2017 was Muzinich & Co, an estimated $8.84M added.
- The largest Golub Capital BDC seller in Q2 2017 was Ares Management, an estimated $9.27M sold.
Based on aggregated 13F filings for Q2 2017.