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Golub Capital BDC

252 hedge funds and large institutions have $974M invested in Golub Capital BDC in 2022 Q4 according to their latest regulatory filings, with 52 funds opening new positions, 93 increasing their positions, 73 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

473% more call options, than puts

Call options by funds: $2.69M | Put options by funds: $469K

136% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 22

27% more repeat investments, than reductions

Existing positions increased: 93 | Existing positions reduced: 73

10% more funds holding

Funds holding: 230252 (+22)

7% more capital invested

Capital invested by funds: $907M → $974M (+$67.7M)

0.39% more ownership

Funds ownership: 42.97%43.36% (+0.39%)

14% less funds holding in top 10

Funds holding in top 10: 1412 (-2)

Holders
252
Holders Change
+22
Holders Change %
+9.57%
% of All Funds
4.05%
Holding in Top 10
12
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-14.29%
% of All Funds
0.19%
New
52
Increased
93
Reduced
73
Closed
22
Calls
$2.69M
Puts
$469K
Net Calls
+$2.22M
Net Calls Change
+$83K
Name Holding Trade Value Shares
Change
Change in
Stake
SO
1
STRS Ohio
Ohio
$160M -$15.6M -1,186,691 -9%
LC
2
Lindbrook Capital
California
$64.7M +$2.83M +214,992 +5%
OAC
3
OMERS Administration Corp
Ontario, Canada
$48M +$2.29M +173,717 +5%
JP Morgan Chase
4
JP Morgan Chase
New York
$38.9M +$959K +72,766 +3%
SIS
5
Sound Income Strategies
Florida
$29.5M +$3.47M +263,572 +13%
Cerity Partners
6
Cerity Partners
New York
$28.3M -$1.91M -144,913 -6%
Millennium Management
7
Millennium Management
New York
$27.4M +$20.7M +1,568,572 +304%
AM
8
Ares Management
California
$24.8M -$3.9M -296,182 -14%
VanEck Associates
9
VanEck Associates
New York
$23.8M +$750K +56,869 +3%
FWIA
10
Fort Washington Investment Advisors
Ohio
$22.9M
SFBLI
11
Southern Farm Bureau Life Insurance
Mississippi
$22.8M -$2.97M -225,000 -12%
SMA
12
Sage Mountain Advisors
Georgia
$20.4M +$3.81M +289,413 +23%
AL
13
Arnhold LLC
New York
$19.9M
C
14
Cliffwater
California
$17.6M +$1.68M +127,247 +10%
BTCPP
15
Border to Coast Pensions Partnership
United Kingdom
$15.7M +$1.54M +116,743 +11%
BlackRock
16
BlackRock
New York
$15.4M -$85.8K -6,508 -0.6%
Morgan Stanley
17
Morgan Stanley
New York
$15.3M -$1.8M -136,903 -11%
Legal & General Group
18
Legal & General Group
United Kingdom
$14.8M +$654K +49,586 +5%
Wells Fargo
19
Wells Fargo
California
$11.8M -$829K -62,863 -7%
NCM
20
Next Capital Management
New York
$11.7M +$6.83M +518,324 +138%
Citadel Advisors
21
Citadel Advisors
Florida
$10.6M +$10.6M +804,168 New
UCIG
22
Ulrich Consultants & Investment Group
New Mexico
$10.3M +$302K +22,910 +3%
Two Sigma Advisers
23
Two Sigma Advisers
New York
$10.2M +$3.44M +260,900 +51%
Bank of America
24
Bank of America
North Carolina
$10.2M -$16.4M -1,243,017 -62%
HCC
25
Hirtle Callaghan & Co
Pennsylvania
$8.43M +$350K +26,554 +4%

GBDC Hedge Fund Activity: Q4 2022 in Review

252 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q4 2022, worth a combined $974M — up 7.5% from $907M a quarter earlier.

Buyers outnumbered sellers: 52 funds opened new GBDC positions and 22 closed out — a net gain of 30 holders — while 93 added to existing stakes and 73 trimmed.

The largest buyer was Millennium Management, adding an estimated $20.7M. The largest seller was Rivernorth Capital Management, cutting an estimated $35.8M.

  • 252 institutional investors held Golub Capital BDC (GBDC) as of Q4 2022, up from 230 in Q3 2022.
  • Funds reported $974M of Golub Capital BDC stock for Q4 2022, up 7.5% quarter-over-quarter.
  • 52 funds opened new Golub Capital BDC positions in Q4 2022 and 22 closed out, a net change of +30 holders.
  • The largest Golub Capital BDC buyer in Q4 2022 was Millennium Management, an estimated $20.7M added.
  • The largest Golub Capital BDC seller in Q4 2022 was Rivernorth Capital Management, an estimated $35.8M sold.

Based on aggregated 13F filings for Q4 2022.