Golub Capital BDC
GBDC
183 hedge funds and large institutions have $781M invested in Golub Capital BDC in 2020 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 76 increasing their positions, 80 reducing their positions, and 37 closing their positions.
13% more capital invested
Capital invested by funds: $694M → $781M (+$87M)
13% more funds holding in top 10
Funds holding in top 10: 8 → 9 (+1)
7.73% more ownership
Funds ownership: 42.35% → 50.08% (+7.7%)
5% less repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 80
5% less funds holding
Funds holding: 193 → 183 (-10)
27% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 37
59% less call options, than puts
Call options by funds: $222K | Put options by funds: $548K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SO
STRS Ohio
Columbus,
Ohio
|
+$74.9M |
| 2 |
LC
Lindbrook Capital
Calabasas,
California
|
+$20.9M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$15.4M |
| 4 |
JP Morgan Chase
New York
|
+$8.57M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$5.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SI
Stephens Inc
Little Rock,
Arkansas
|
-$26M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
-$9.45M |
| 3 |
D.E. Shaw & Co
New York
|
-$6.7M |
| 4 |
Neuberger Berman Group
New York
|
-$5.37M |
| 5 |
Millennium Management
New York
|
-$5.19M |
GBDC Hedge Fund Activity: Q2 2020 in Review
183 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q2 2020, worth a combined $781M — up 13% from $694M a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of GBDC and 27 opened new positions — a net loss of 10 holders — while 80 trimmed existing stakes and 76 added.
The largest buyer was STRS Ohio, adding an estimated $74.9M. The largest seller was Stephens Inc, exiting entirely with an estimated $26M sold.
- 183 institutional investors held Golub Capital BDC (GBDC) as of Q2 2020, down from 193 in Q1 2020.
- Funds reported $781M of Golub Capital BDC stock for Q2 2020, up 13% quarter-over-quarter.
- 27 funds opened new Golub Capital BDC positions in Q2 2020 and 37 closed out, a net change of -10 holders.
- The largest Golub Capital BDC buyer in Q2 2020 was STRS Ohio, an estimated $74.9M added.
- The largest Golub Capital BDC seller in Q2 2020 was Stephens Inc, an estimated $26M sold.
Based on aggregated 13F filings for Q2 2020.