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Golub Capital BDC

154 hedge funds and large institutions have $402M invested in Golub Capital BDC in 2018 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 57 increasing their positions, 56 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 10

2% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 56

1% more funds holding

Funds holding: 153154 (+1)

0% more funds holding in top 10

Funds holding in top 10: 55 (0)

3% less capital invested

Capital invested by funds: $416M → $402M (-$13.9M)

1.94% less ownership

Funds ownership: 39.76%37.83% (-1.9%)

Holders
154
Holders Change
+1
Holders Change %
+0.65%
% of All Funds
3.52%
Holding in Top 10
5
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.11%
New
12
Increased
57
Reduced
56
Closed
10
Calls
$320K
Puts
Net Calls
+$320K
Net Calls Change
+$320K
Name Holding Trade Value Shares
Change
Change in
Stake
Wells Fargo
1
Wells Fargo
California
$32.1M +$2.05M +114,618 +7%
Schroder Investment Management Group
2
Schroder Investment Management Group
United Kingdom
$20.1M -$1.35M -75,760 -6%
MC
3
Muzinich & Co
New York
$17.9M -$10.9M -610,462 -38%
UBS Group
4
UBS Group
Switzerland
$16.4M +$827K +46,290 +5%
FIM
5
Frontier Investment Management
Texas
$15.9M +$908K +50,824 +6%
CCP
6
Clough Capital Partners
Massachusetts
$13.1M +$668K +37,369 +5%
CIM
7
Confluence Investment Management
Missouri
$12.3M -$30.6K -1,712 -0.2%
AM
8
Ares Management
California
$11.9M
AL
9
Arnhold LLC
New York
$11.7M
ClearBridge Investments
10
ClearBridge Investments
New York
$11M -$461K -25,825 -4%
CFG
11
CNO Financial Group
Indiana
$10.2M
Bank of Montreal
12
Bank of Montreal
Ontario, Canada
$9.87M
Goldman Sachs
13
Goldman Sachs
New York
$9.61M -$1.58M -88,213 -14%
1832 Asset Management
14
1832 Asset Management
Ontario, Canada
$9.15M +$1.82M +102,100 +25%
SIS
15
Sound Income Strategies
Florida
$8.89M +$1.57M +87,822 +22%
Morgan Stanley
16
Morgan Stanley
New York
$8.77M -$754K -42,221 -8%
FIM
17
Farmhouse Investment Management
California
$8.44M
GC
18
Guggenheim Capital
Illinois
$8.31M -$1.05M -58,513 -11%
VanEck Associates
19
VanEck Associates
New York
$8.23M +$166K +9,317 +2%
NRS
20
Neville Rodie & Shaw
New York
$6.07M -$98.5K -5,510 -2%
Thrivent Financial for Lutherans
21
Thrivent Financial for Lutherans
Minnesota
$5.93M +$110K +6,129 +2%
JMPWA
22
JP Morgan Private Wealth Advisors
California
$5.61M +$587K +32,830 +12%
BlackRock
23
BlackRock
New York
$4.88M -$1.14M -63,769 -19%
ACM
24
Advisors Capital Management
New Jersey
$4.86M -$209K -11,707 -4%
AR
25
Advisory Research
Illinois
$4.68M -$565K -31,625 -11%

GBDC Hedge Fund Activity: Q2 2018 in Review

154 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q2 2018, worth a combined $402M — down 3.4% from $416M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new GBDC positions and 10 closed out — a net gain of 2 holders — while 57 added to existing stakes and 56 trimmed.

The largest buyer was OMERS Administration Corp, opening a new position worth an estimated $3.65M. The largest seller was T. Rowe Price Associates, cutting an estimated $21M.

  • 154 institutional investors held Golub Capital BDC (GBDC) as of Q2 2018, up from 153 in Q1 2018.
  • Funds reported $402M of Golub Capital BDC stock for Q2 2018, down 3.4% quarter-over-quarter.
  • 12 funds opened new Golub Capital BDC positions in Q2 2018 and 10 closed out, a net change of +2 holders.
  • The largest Golub Capital BDC buyer in Q2 2018 was OMERS Administration Corp, an estimated $3.65M added.
  • The largest Golub Capital BDC seller in Q2 2018 was T. Rowe Price Associates, an estimated $21M sold.

Based on aggregated 13F filings for Q2 2018.