Goldman Sachs BDC
GSBD
223 hedge funds and large institutions have $470M invested in Goldman Sachs BDC in 2025 Q2 according to their latest regulatory filings, with 29 funds opening new positions, 80 increasing their positions, 64 reducing their positions, and 31 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 64
15% more capital invested
Capital invested by funds: $409M → $470M (+$60.7M)
1.71% more ownership
Funds ownership: 29.98% → 31.7% (+1.7%)
6% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 31
1% less funds holding
Funds holding: 226 → 223 (-3)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
94% less call options, than puts
Call options by funds: $203K | Put options by funds: $3.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAM
Generali Asset Management
Trieste,
Italy
|
+$12.5M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$9.8M |
| 3 |
AM
Ares Management
Los Angeles,
California
|
+$3.71M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$3.66M |
| 5 |
TCA
Transcend Capital Advisors
Madison,
New Jersey
|
+$3.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$3.9M |
| 2 |
Morgan Stanley
New York
|
-$3.74M |
| 3 |
CC
CF Capital
Cohasset,
Massachusetts
|
-$3M |
| 4 |
JP Morgan Chase
New York
|
-$2.72M |
| 5 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$2.39M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
251
Simplex Trading
Chicago,
Illinois
| – | -$19.4K | -1,763 | Closed |
|
|
LCM
252
Logan Capital Management
Newtown Square,
Pennsylvania
| – | -$17.4K | -1,500 | Closed |
|
|
MIM
253
Marshall Investment Management
Littleton,
Colorado
| – | -$13.6K | -1,165 | Closed |
|
|
AG
254
AmeriFlex Group
Las Vegas,
Nevada
| – | -$9K | -774 | Closed |
|
GSBD Hedge Fund Activity: Q2 2025 in Review
223 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Goldman Sachs BDC (GSBD) for Q2 2025, worth a combined $470M — up 15% from $409M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of GSBD and 29 opened new positions — a net loss of 2 holders — while 64 trimmed existing stakes and 80 added.
The largest buyer was Generali Asset Management, adding an estimated $12.5M. The largest seller was Qube Research & Technologies (QRT), cutting an estimated $3.9M.
- 223 institutional investors held Goldman Sachs BDC (GSBD) as of Q2 2025, down from 226 in Q1 2025.
- Funds reported $470M of Goldman Sachs BDC stock for Q2 2025, up 15% quarter-over-quarter.
- 29 funds opened new Goldman Sachs BDC positions in Q2 2025 and 31 closed out, a net change of -2 holders.
- The largest Goldman Sachs BDC buyer in Q2 2025 was Generali Asset Management, an estimated $12.5M added.
- The largest Goldman Sachs BDC seller in Q2 2025 was Qube Research & Technologies (QRT), an estimated $3.9M sold.
Based on aggregated 13F filings for Q2 2025.