Golub Capital BDC
GBDC
153 hedge funds and large institutions have $416M invested in Golub Capital BDC in 2018 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 52 increasing their positions, 53 reducing their positions, and 8 closing their positions.
150% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 8
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
9% more funds holding
Funds holding: 141 → 153 (+12)
0.35% less ownership
Funds ownership: 40.11% → 39.76% (-0.35%)
2% less repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 53
2% less capital invested
Capital invested by funds: $426M → $416M (-$10.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFG
CNO Financial Group
Carmel,
Indiana
|
+$10.1M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$7.23M |
| 3 |
AM
Ares Management
Los Angeles,
California
|
+$7.16M |
| 4 |
MWNA
Marshall Wace North America
New York
|
+$5.54M |
| 5 |
PC
Polar Capital
London,
United Kingdom
|
+$4.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
-$10.7M |
| 2 |
MC
Muzinich & Co
New York
|
-$10.3M |
| 3 |
First Eagle Investment Management
New York
|
-$9.89M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$9.07M |
| 5 |
Millennium Management
New York
|
-$6.87M |
GBDC Hedge Fund Activity: Q1 2018 in Review
153 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q1 2018, worth a combined $416M — down 2.4% from $426M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new GBDC positions and 8 closed out — a net gain of 12 holders — while 52 added to existing stakes and 53 trimmed.
The largest buyer was CNO Financial Group, opening a new position worth an estimated $10.1M. The largest seller was Cardinal Capital Management LLC (Connecticut), exiting entirely with an estimated $10.7M sold.
- 153 institutional investors held Golub Capital BDC (GBDC) as of Q1 2018, up from 141 in Q4 2017.
- Funds reported $416M of Golub Capital BDC stock for Q1 2018, down 2.4% quarter-over-quarter.
- 20 funds opened new Golub Capital BDC positions in Q1 2018 and 8 closed out, a net change of +12 holders.
- The largest Golub Capital BDC buyer in Q1 2018 was CNO Financial Group, an estimated $10.1M added.
- The largest Golub Capital BDC seller in Q1 2018 was Cardinal Capital Management LLC (Connecticut), an estimated $10.7M sold.
Based on aggregated 13F filings for Q1 2018.