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Golub Capital BDC

156 hedge funds and large institutions have $414M invested in Golub Capital BDC in 2018 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 61 increasing their positions, 42 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 42

30% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 10

1% more funds holding

Funds holding: 154156 (+2)

3% more capital invested

Capital invested by funds: $402M → $414M (+$12.6M)

0.23% less ownership

Funds ownership: 37.83%37.6% (-0.23%)

20% less funds holding in top 10

Funds holding in top 10: 54 (-1)

Holders
156
Holders Change
+2
Holders Change %
+1.3%
% of All Funds
3.57%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.09%
New
13
Increased
61
Reduced
42
Closed
10
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Wells Fargo
1
Wells Fargo
California
$29.8M -$3.12M -169,290 -9%
Schroder Investment Management Group
2
Schroder Investment Management Group
United Kingdom
$21.1M +$324K +17,574 +2%
FIM
3
Frontier Investment Management
Texas
$19.7M +$3.35M +181,815 +20%
UBS Group
4
UBS Group
Switzerland
$19M +$2.17M +117,481 +13%
MC
5
Muzinich & Co
New York
$15.6M -$2.71M -147,148 -15%
CCP
6
Clough Capital Partners
Massachusetts
$13.4M
CIM
7
Confluence Investment Management
Missouri
$12.6M
AL
8
Arnhold LLC
New York
$12M
AM
9
Ares Management
California
$12M -$245K -13,280 -2%
SIS
10
Sound Income Strategies
Florida
$10.7M +$1.62M +87,987 +18%
ClearBridge Investments
11
ClearBridge Investments
New York
$9.71M -$1.54M -83,623 -14%
1832 Asset Management
12
1832 Asset Management
Ontario, Canada
$9.56M +$174K +9,447 +2%
VanEck Associates
13
VanEck Associates
New York
$9.3M +$871K +47,236 +10%
FIM
14
Farmhouse Investment Management
California
$8.64M
GC
15
Guggenheim Capital
Illinois
$8.41M -$100K -5,449 -1%
CFG
16
CNO Financial Group
Indiana
$7.99M -$2.45M -132,730 -23%
Morgan Stanley
17
Morgan Stanley
New York
$7.84M -$1.16M -62,759 -13%
C
18
Cliffwater
California
$7.51M +$3.14M +170,580 +72%
JMPWA
19
JP Morgan Private Wealth Advisors
California
$6.55M +$813K +44,098 +14%
Bank of Montreal
20
Bank of Montreal
Ontario, Canada
$6.37M -$3.76M -204,200 -37%
Thrivent Financial for Lutherans
21
Thrivent Financial for Lutherans
Minnesota
$6.18M +$113K +6,119 +2%
NRS
22
Neville Rodie & Shaw
New York
$6.06M -$166K -9,026 -3%
BlackRock
23
BlackRock
New York
$5.4M +$398K +21,564 +8%
SQA
24
Simon Quick Advisors
New Jersey
$5.03M +$831K +45,075 +20%
ACM
25
Advisors Capital Management
New Jersey
$4.84M -$140K -7,582 -3%

GBDC Hedge Fund Activity: Q3 2018 in Review

156 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q3 2018, worth a combined $414M — up 3.1% from $402M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new GBDC positions and 10 closed out — a net gain of 3 holders — while 61 added to existing stakes and 42 trimmed.

The largest buyer was Arrowstreet Capital, opening a new position worth an estimated $4.74M. The largest seller was Goldman Sachs, exiting entirely with an estimated $9.61M sold.

  • 156 institutional investors held Golub Capital BDC (GBDC) as of Q3 2018, up from 154 in Q2 2018.
  • Funds reported $414M of Golub Capital BDC stock for Q3 2018, up 3.1% quarter-over-quarter.
  • 13 funds opened new Golub Capital BDC positions in Q3 2018 and 10 closed out, a net change of +3 holders.
  • The largest Golub Capital BDC buyer in Q3 2018 was Arrowstreet Capital, an estimated $4.74M added.
  • The largest Golub Capital BDC seller in Q3 2018 was Goldman Sachs, an estimated $9.61M sold.

Based on aggregated 13F filings for Q3 2018.