Golub Capital BDC
GBDC
152 hedge funds and large institutions have $405M invested in Golub Capital BDC in 2018 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 59 increasing their positions, 53 reducing their positions, and 21 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
11% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 53
3.65% more ownership
Funds ownership: 36.83% → 40.47% (+3.6%)
2% less capital invested
Capital invested by funds: $414M → $405M (-$9.42M)
3% less funds holding
Funds holding: 156 → 152 (-4)
14% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 21
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $4K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAC
OMERS Administration Corp
Toronto,
Ontario, Canada
|
+$8.31M |
| 2 |
AIM
Anchor Investment Management
Columbia,
South Carolina
|
+$6.52M |
| 3 |
C
Cliffwater
Marina Del Rey,
California
|
+$3.13M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$3.08M |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$2.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$6.37M |
| 2 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
-$2.72M |
| 3 |
Millennium Management
New York
|
-$2.4M |
| 4 |
CIC
Crawford Investment Counsel
Atlanta,
Georgia
|
-$2.29M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$2.18M |
GBDC Hedge Fund Activity: Q4 2018 in Review
152 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q4 2018, worth a combined $405M — down 2.3% from $414M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of GBDC and 18 opened new positions — a net loss of 3 holders — while 53 trimmed existing stakes and 59 added.
The largest buyer was OMERS Administration Corp, adding an estimated $8.31M. The largest seller was Bank of Montreal, exiting entirely with an estimated $6.37M sold.
- 152 institutional investors held Golub Capital BDC (GBDC) as of Q4 2018, down from 156 in Q3 2018.
- Funds reported $405M of Golub Capital BDC stock for Q4 2018, down 2.3% quarter-over-quarter.
- 18 funds opened new Golub Capital BDC positions in Q4 2018 and 21 closed out, a net change of -3 holders.
- The largest Golub Capital BDC buyer in Q4 2018 was OMERS Administration Corp, an estimated $8.31M added.
- The largest Golub Capital BDC seller in Q4 2018 was Bank of Montreal, an estimated $6.37M sold.
Based on aggregated 13F filings for Q4 2018.