Golub Capital BDC
GBDC
337 hedge funds and large institutions have $1.69B invested in Golub Capital BDC in 2025 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 150 increasing their positions, 83 reducing their positions, and 34 closing their positions.
118% more call options, than puts
Call options by funds: $1.73M | Put options by funds: $794K
81% more repeat investments, than reductions
Existing positions increased: 150 | Existing positions reduced: 83
47% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 34
8% more funds holding in top 10
Funds holding in top 10: 12 → 13 (+1)
7% more capital invested
Capital invested by funds: $1.59B → $1.69B (+$106M)
3% more funds holding
Funds holding: 327 → 337 (+10)
2.53% more ownership
Funds ownership: 39.24% → 41.76% (+2.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAM
Generali Asset Management
Trieste,
Italy
|
+$27.6M |
| 2 |
NFC
Northeast Financial Consultants
Westport,
Connecticut
|
+$23.8M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$18.6M |
| 4 |
Rockefeller Capital Management
New York
|
+$18.2M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$12.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Corient Private Wealth
Miami,
Florida
|
-$10.1M |
| 2 |
AI
Atria Investments
Charlotte,
North Carolina
|
-$8.57M |
| 3 |
Goldman Sachs
New York
|
-$8.09M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$7.11M |
| 5 |
Millennium Management
New York
|
-$5.84M |
GBDC Hedge Fund Activity: Q1 2025 in Review
337 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q1 2025, worth a combined $1.69B — up 6.7% from $1.59B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new GBDC positions and 34 closed out — a net gain of 16 holders — while 150 added to existing stakes and 83 trimmed.
The largest buyer was Generali Asset Management, opening a new position worth an estimated $27.6M. The largest seller was Corient Private Wealth, cutting an estimated $10.1M.
- 337 institutional investors held Golub Capital BDC (GBDC) as of Q1 2025, up from 327 in Q4 2024.
- Funds reported $1.69B of Golub Capital BDC stock for Q1 2025, up 6.7% quarter-over-quarter.
- 50 funds opened new Golub Capital BDC positions in Q1 2025 and 34 closed out, a net change of +16 holders.
- The largest Golub Capital BDC buyer in Q1 2025 was Generali Asset Management, an estimated $27.6M added.
- The largest Golub Capital BDC seller in Q1 2025 was Corient Private Wealth, an estimated $10.1M sold.
Based on aggregated 13F filings for Q1 2025.