Golub Capital BDC
GBDC
202 hedge funds and large institutions have $1.06B invested in Golub Capital BDC in 2021 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 60 increasing their positions, 64 reducing their positions, and 17 closing their positions.
124% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 17
62% more call options, than puts
Call options by funds: $808K | Put options by funds: $499K
9% more funds holding
Funds holding: 185 → 202 (+17)
3% more capital invested
Capital invested by funds: $1.03B → $1.06B (+$33.3M)
0% more funds holding in top 10
Funds holding in top 10: 12 → 12 (0)
0.26% less ownership
Funds ownership: 43.42% → 43.16% (-0.26%)
6% less repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 64
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Ares Management
Los Angeles,
California
|
+$12.6M |
| 2 |
Morgan Stanley
New York
|
+$9.85M |
| 3 |
OAC
OMERS Administration Corp
Toronto,
Ontario, Canada
|
+$4.69M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$3.59M |
| 5 |
VanEck Associates
New York
|
+$3.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SO
STRS Ohio
Columbus,
Ohio
|
-$12.7M |
| 2 |
RFA
Radnor Financial Advisors
Wayne,
Pennsylvania
|
-$8.13M |
| 3 |
Cerity Partners
New York
|
-$7.53M |
| 4 |
Two Sigma Investments
New York
|
-$6.33M |
| 5 |
Two Sigma Advisers
New York
|
-$5M |
GBDC Hedge Fund Activity: Q1 2021 in Review
202 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q1 2021, worth a combined $1.06B — up 3.2% from $1.03B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new GBDC positions and 17 closed out — a net gain of 21 holders — while 60 added to existing stakes and 64 trimmed.
The largest buyer was Ares Management, adding an estimated $12.6M. The largest seller was STRS Ohio, cutting an estimated $12.7M.
- 202 institutional investors held Golub Capital BDC (GBDC) as of Q1 2021, up from 185 in Q4 2020.
- Funds reported $1.06B of Golub Capital BDC stock for Q1 2021, up 3.2% quarter-over-quarter.
- 38 funds opened new Golub Capital BDC positions in Q1 2021 and 17 closed out, a net change of +21 holders.
- The largest Golub Capital BDC buyer in Q1 2021 was Ares Management, an estimated $12.6M added.
- The largest Golub Capital BDC seller in Q1 2021 was STRS Ohio, an estimated $12.7M sold.
Based on aggregated 13F filings for Q1 2021.