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Golub Capital BDC

169 hedge funds and large institutions have $821M invested in Golub Capital BDC in 2020 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 58 increasing their positions, 71 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more capital invested

Capital invested by funds: $781M → $821M (+$40.6M)

0% more funds holding in top 10

Funds holding in top 10: 99 (0)

8% less funds holding

Funds holding: 183169 (-14)

12.97% less ownership

Funds ownership: 50.08%37.11% (-13%)

18% less repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 71

38% less call options, than puts

Call options by funds: $1.46M | Put options by funds: $2.34M

43% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 28

Holders
169
Holders Change
-14
Holders Change %
-7.65%
% of All Funds
3.41%
Holding in Top 10
9
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.18%
New
16
Increased
58
Reduced
71
Closed
28
Calls
$1.46M
Puts
$2.34M
Net Calls
-$881K
Net Calls Change
-$555K
Name Holding Trade Value Shares
Change
Change in
Stake
SO
1
STRS Ohio
Ohio
$315M +$6.25M +500,176 +2%
LC
2
Lindbrook Capital
California
$34.9M +$42.5K +3,399 +0.1%
OAC
3
OMERS Administration Corp
Ontario, Canada
$33.2M +$746K +59,725 +2%
JP Morgan Chase
4
JP Morgan Chase
New York
$30.5M +$13.4M +1,070,128 +84%
FWIA
5
Fort Washington Investment Advisors
Ohio
$22M
RC
6
RegentAtlantic Capital
New Jersey
$20.2M -$179K -14,294 -0.9%
SIS
7
Sound Income Strategies
Florida
$18.6M +$290K +23,216 +2%
RFA
8
Radnor Financial Advisors
Pennsylvania
$18M -$1.71M -136,797 -9%
C
9
Cliffwater
California
$17.1M -$4.3M -344,554 -21%
AL
10
Arnhold LLC
New York
$15.9M
CCP
11
Clough Capital Partners
Massachusetts
$14.1M
BlackRock
12
BlackRock
New York
$13.3M +$7.86M +629,164 +168%
DC
13
Derby & Company
Massachusetts
$13M -$154K -12,303 -1%
Legal & General Group
14
Legal & General Group
United Kingdom
$12.3M +$472K +37,778 +4%
Wells Fargo
15
Wells Fargo
California
$11.2M -$2.44M -195,273 -19%
VanEck Associates
16
VanEck Associates
New York
$11M -$443K -35,437 -4%
AM
17
Ares Management
California
$10.6M -$84.2K -6,738 -0.8%
Lord, Abbett & Co
18
Lord, Abbett & Co
New Jersey
$10.1M -$1.47M -117,500 -13%
MC
19
Muzinich & Co
New York
$10M -$2.32M -186,049 -20%
Sumitomo Mitsui Trust Group
20
Sumitomo Mitsui Trust Group
Japan
$10M -$2.14M -171,615 -19%
Natixis Advisors
21
Natixis Advisors
Massachusetts
$8.03M +$2.8M +224,566 +59%
HighTower Advisors
22
HighTower Advisors
Illinois
$7.7M -$1.02M -81,842 -12%
MCM
23
McKinley Capital Management
Alaska
$6.84M -$484K -38,765 -7%
UBS Group
24
UBS Group
Switzerland
$6.6M +$123K +9,841 +2%
Morgan Stanley
25
Morgan Stanley
New York
$6.25M +$1.96M +156,780 +50%

GBDC Hedge Fund Activity: Q3 2020 in Review

169 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q3 2020, worth a combined $821M — up 5.2% from $781M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of GBDC and 16 opened new positions — a net loss of 12 holders — while 71 trimmed existing stakes and 58 added.

The largest buyer was JP Morgan Chase, adding an estimated $13.4M. The largest seller was Rivernorth Capital Management, cutting an estimated $31.3M.

  • 169 institutional investors held Golub Capital BDC (GBDC) as of Q3 2020, down from 183 in Q2 2020.
  • Funds reported $821M of Golub Capital BDC stock for Q3 2020, up 5.2% quarter-over-quarter.
  • 16 funds opened new Golub Capital BDC positions in Q3 2020 and 28 closed out, a net change of -12 holders.
  • The largest Golub Capital BDC buyer in Q3 2020 was JP Morgan Chase, an estimated $13.4M added.
  • The largest Golub Capital BDC seller in Q3 2020 was Rivernorth Capital Management, an estimated $31.3M sold.

Based on aggregated 13F filings for Q3 2020.