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Golub Capital BDC

241 hedge funds and large institutions have $941M invested in Golub Capital BDC in 2022 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 100 increasing their positions, 65 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more repeat investments, than reductions

Existing positions increased: 100 | Existing positions reduced: 65

21% more call options, than puts

Call options by funds: $820K | Put options by funds: $679K

14% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 28

0% more funds holding

Funds holding: 240241 (+1)

1.64% less ownership

Funds ownership: 44.37%42.74% (-1.6%)

8% less funds holding in top 10

Funds holding in top 10: 1211 (-1)

18% less capital invested

Capital invested by funds: $1.14B → $941M (-$200M)

Holders
241
Holders Change
+1
Holders Change %
+0.42%
% of All Funds
4.06%
Holding in Top 10
11
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-8.33%
% of All Funds
0.19%
New
32
Increased
100
Reduced
65
Closed
28
Calls
$820K
Puts
$679K
Net Calls
+$141K
Net Calls Change
+$338K
Name Holding Trade Value Shares
Change
Change in
Stake
SO
1
STRS Ohio
Ohio
$180M -$70.3M -4,912,742 -26%
LC
2
Lindbrook Capital
California
$57.6M +$26.1M +1,824,642 +70%
OAC
3
OMERS Administration Corp
Ontario, Canada
$45M +$1.12M +78,352 +2%
RCM
4
Rivernorth Capital Management
Florida
$34.6M +$38.2M +2,668,885 New
JP Morgan Chase
5
JP Morgan Chase
New York
$34.3M +$4.42M +308,826 +13%
AM
6
Ares Management
California
$29.5M -$5.07M -354,415 -13%
Cerity Partners
7
Cerity Partners
New York
$29.4M -$1.07M -74,583 -3%
SFBLI
8
Southern Farm Bureau Life Insurance
Mississippi
$25.3M
VanEck Associates
9
VanEck Associates
New York
$25M -$2.57M -179,873 -9%
SIS
10
Sound Income Strategies
Florida
$23.9M +$1.42M +98,976 +6%
FWIA
11
Fort Washington Investment Advisors
Ohio
$22.6M
Bank of America
12
Bank of America
North Carolina
$19.9M +$10.9M +762,707 +99%
AL
13
Arnhold LLC
New York
$19.6M +$429K +30,000 +2%
Morgan Stanley
14
Morgan Stanley
New York
$19.1M -$1.61M -112,533 -7%
C
15
Cliffwater
California
$14.4M +$687K +47,968 +4%
BlackRock
16
BlackRock
New York
$14.3M +$1.71M +119,577 +12%
SMA
17
Sage Mountain Advisors
Georgia
$14.1M +$675K +47,187 +5%
BTCPP
18
Border to Coast Pensions Partnership
United Kingdom
$14M +$5.73M +400,000 +59%
Wells Fargo
19
Wells Fargo
California
$13.9M -$348K -24,283 -2%
Legal & General Group
20
Legal & General Group
United Kingdom
$13.1M +$1.12M +78,555 +8%
UCIG
21
Ulrich Consultants & Investment Group
New Mexico
$9.77M +$10.8M +753,985 New
MC
22
Muzinich & Co
New York
$8.51M -$528K -36,909 -5%
Sumitomo Mitsui Trust Group
23
Sumitomo Mitsui Trust Group
Japan
$8.51M -$528K -36,909 -5%
Millennium Management
24
Millennium Management
New York
$8.38M -$5.8M -405,098 -39%
PGH
25
Partners Group Holding
Switzerland
$8.29M -$55.6K -3,884 -0.6%

GBDC Hedge Fund Activity: Q2 2022 in Review

241 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q2 2022, worth a combined $941M — down 18% from $1.14B a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new GBDC positions and 28 closed out — a net gain of 4 holders — while 100 added to existing stakes and 65 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $38.2M. The largest seller was STRS Ohio, cutting an estimated $70.3M.

  • 241 institutional investors held Golub Capital BDC (GBDC) as of Q2 2022, up from 240 in Q1 2022.
  • Funds reported $941M of Golub Capital BDC stock for Q2 2022, down 18% quarter-over-quarter.
  • 32 funds opened new Golub Capital BDC positions in Q2 2022 and 28 closed out, a net change of +4 holders.
  • The largest Golub Capital BDC buyer in Q2 2022 was Rivernorth Capital Management, an estimated $38.2M added.
  • The largest Golub Capital BDC seller in Q2 2022 was STRS Ohio, an estimated $70.3M sold.

Based on aggregated 13F filings for Q2 2022.