Golub Capital BDC
GBDC
185 hedge funds and large institutions have $1.03B invested in Golub Capital BDC in 2019 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 80 increasing their positions, 33 reducing their positions, and 17 closing their positions.
142% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 33
118% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 17
29% more capital invested
Capital invested by funds: $797M → $1.03B (+$235M)
29% more funds holding in top 10
Funds holding in top 10: 7 → 9 (+2)
11% more funds holding
Funds holding: 167 → 185 (+18)
10.42% more ownership
Funds ownership: 32.64% → 43.05% (+10%)
46% less call options, than puts
Call options by funds: $295K | Put options by funds: $543K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
+$25.4M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$22.5M |
| 3 |
SI
Stephens Inc
Little Rock,
Arkansas
|
+$19.7M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$18.3M |
| 5 |
C
Cliffwater
Marina Del Rey,
California
|
+$15.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZCA
Zeke Capital Advisors
Berwyn,
Pennsylvania
|
-$7.97M |
| 2 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
-$1.68M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.64M |
| 4 |
AG
AlphaSimPlex Group
Boston,
Massachusetts
|
-$1M |
| 5 |
PC
Polar Capital
London,
United Kingdom
|
-$928K |
GBDC Hedge Fund Activity: Q4 2019 in Review
185 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q4 2019, worth a combined $1.03B — up 29% from $797M a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new GBDC positions and 17 closed out — a net gain of 20 holders — while 80 added to existing stakes and 33 trimmed.
The largest buyer was Fort Washington Investment Advisors, adding an estimated $25.4M. The largest seller was Zeke Capital Advisors, cutting an estimated $7.97M.
- 185 institutional investors held Golub Capital BDC (GBDC) as of Q4 2019, up from 167 in Q3 2019.
- Funds reported $1.03B of Golub Capital BDC stock for Q4 2019, up 29% quarter-over-quarter.
- 37 funds opened new Golub Capital BDC positions in Q4 2019 and 17 closed out, a net change of +20 holders.
- The largest Golub Capital BDC buyer in Q4 2019 was Fort Washington Investment Advisors, an estimated $25.4M added.
- The largest Golub Capital BDC seller in Q4 2019 was Zeke Capital Advisors, an estimated $7.97M sold.
Based on aggregated 13F filings for Q4 2019.