Golub Capital BDC
GBDC
346 hedge funds and large institutions have $1.51B invested in Golub Capital BDC in 2026 Q1 according to their latest regulatory filings, with 53 funds opening new positions, 125 increasing their positions, 112 reducing their positions, and 56 closing their positions.
12% more repeat investments, than reductions
Existing positions increased: 125 | Existing positions reduced: 112
1.57% more ownership
Funds ownership: 43.35% → 44.92% (+1.6%)
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
5% less first-time investments, than exits
New positions opened: 53 | Existing positions closed: 56
3% less funds holding
Funds holding: 355 → 346 (-9)
7% less capital invested
Capital invested by funds: $1.62B → $1.51B (-$111M)
14% less call options, than puts
Call options by funds: $1.95M | Put options by funds: $2.27M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
+$60.9M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$15.3M |
| 3 |
BBHC
Brown Brothers Harriman & Co
New York
|
+$12.1M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$11.8M |
| 5 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$10.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$23.3M |
| 2 |
Morgan Stanley
New York
|
-$13.7M |
| 3 |
BlackRock
New York
|
-$10.2M |
| 4 |
AIM
Allen Investment Management
New York
|
-$9.03M |
| 5 |
Corient Private Wealth
Miami,
Florida
|
-$8.85M |
GBDC Hedge Fund Activity: Q1 2026 in Review
346 of the 8,180 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q1 2026, worth a combined $1.51B — down 6.9% from $1.62B a quarter earlier.
Sellers outnumbered buyers: 56 funds closed out of GBDC and 53 opened new positions — a net loss of 3 holders — while 112 trimmed existing stakes and 125 added.
The largest buyer was HighTower Advisors, adding an estimated $60.9M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $23.3M sold.
- 346 institutional investors held Golub Capital BDC (GBDC) as of Q1 2026, down from 355 in Q4 2025.
- Funds reported $1.51B of Golub Capital BDC stock for Q1 2026, down 6.9% quarter-over-quarter.
- 53 funds opened new Golub Capital BDC positions in Q1 2026 and 56 closed out, a net change of -3 holders.
- The largest Golub Capital BDC buyer in Q1 2026 was HighTower Advisors, an estimated $60.9M added.
- The largest Golub Capital BDC seller in Q1 2026 was Rivernorth Capital Management, an estimated $23.3M sold.
Based on aggregated 13F filings for Q1 2026.