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Goldman Sachs BDC
GSBD

80 hedge funds and large institutions have $275M invested in Goldman Sachs BDC in 2018 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 24 increasing their positions, 29 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

7% more funds holding

Funds holding: 75 → 80 (+5)

0.14% less ownership

Funds ownership: 35.62% → 35.48% (-0.14%)

14% less capital invested

Capital invested by funds: $320M → $275M (-$45M)

17% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 29

Holders
80
Holders Change
+5
Holders Change %
+6.67%
% of All Funds
1.83%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
11
Increased
24
Reduced
29
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CFG
CNO Financial Group
Indiana
+$8.48M
2
CIBC World Market
CIBC World Market
Ontario, Canada
+$2.11M
3
Morgan Stanley
Morgan Stanley
New York
+$989K
4
Citadel Advisors
Citadel Advisors
Florida
+$960K
5
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
+$552K

Top Sellers

1
MC
Muzinich & Co
New York
-$5.5M
2
UBS Group
UBS Group
Switzerland
-$2.73M
3
GC
Guggenheim Capital
Illinois
-$1.31M
4
MGAM
McGowan Group Asset Management
Texas
-$1.27M
5
SMDAM
Sumitomo Mitsui DS Asset Management
Japan
-$800K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$1.55M +$29.6K +1,427 +2%
C
27
Cliffwater
California
$1.52M +$79.5K +3,828 +5%
Invesco
28
Invesco
Georgia
$1.44M -$11.9K -574 -0.8%
ACA
29
Anchor Capital Advisors
Massachusetts
$1.39M -$116K -5,564 -7%
MCM
30
Monument Capital Management
Virginia
$1.12M +$44.2K +2,127 +4%
AAM
31
Advisors Asset Management
Colorado
$1.1M -$88.8K -4,279 -7%
SCM
32
Shelton Capital Management
Colorado
$1.07M – – –
NEAM
33
New England Asset Management
Connecticut
$1.04M – – –
SM
34
Salzhauer Michael
$959K – – –
HSBC Holdings
35
HSBC Holdings
United Kingdom
$957K – – –
GIM
36
Greenwich Investment Management
Connecticut
$894K +$60.7K +2,925 +7%
Citadel Advisors
37
Citadel Advisors
Florida
$885K +$960K +46,254 New
Mackenzie Financial
38
Mackenzie Financial
Ontario, Canada
$623K – – –
RJA
39
Raymond James & Associates
Florida
$612K -$38.1K -1,835 -5%
CIBC Private Wealth Group
40
CIBC Private Wealth Group
Georgia
$515K +$552K +26,600 +8,867%
HighTower Advisors
41
HighTower Advisors
Illinois
$468K -$27.3K -1,315 -5%
RIA
42
Regal Investment Advisors
Michigan
$464K +$224K +10,800 +80%
SFC
43
SYM Financial Corp
Indiana
$419K -$2.08K -100 -0.5%
SFI
44
Susquehanna Fundamental Investments
Pennsylvania
$414K +$449K +21,624 New
IWM
45
IHT Wealth Management
Illinois
$401K +$124K +5,981 +40%
KCPG
46
Kavar Capital Partners Group
Kansas
$373K +$51.9K +2,500 +15%
RJT
47
Raymond James Trust
Florida
$358K – – –
PI
48
PineBridge Investments
New York
$333K +$56.2K +2,706 +18%
RIL
49
Rothschild Investment LLC
Illinois
$260K -$62.3K -3,000 -18%
TG
50
TCW Group
California
$260K – – –
1
2
3 4

GSBD Hedge Fund Activity: Q1 2018 in Review

80 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Goldman Sachs BDC (GSBD) for Q1 2018, worth a combined $275M — down 14% from $320M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new GSBD positions and 6 closed out — a net gain of 5 holders — while 24 added to existing stakes and 29 trimmed.

The largest buyer was CNO Financial Group, opening a new position worth an estimated $8.48M. The largest seller was Muzinich & Co, cutting an estimated $5.5M.

  • 80 institutional investors held Goldman Sachs BDC (GSBD) as of Q1 2018, up from 75 in Q4 2017.
  • Funds reported $275M of Goldman Sachs BDC stock for Q1 2018, down 14% quarter-over-quarter.
  • 11 funds opened new Goldman Sachs BDC positions in Q1 2018 and 6 closed out, a net change of +5 holders.
  • The largest Goldman Sachs BDC buyer in Q1 2018 was CNO Financial Group, an estimated $8.48M added.
  • The largest Goldman Sachs BDC seller in Q1 2018 was Muzinich & Co, an estimated $5.5M sold.

Based on aggregated 13F filings for Q1 2018.