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Goldman Sachs BDC
GSBD

211 hedge funds and large institutions have $407M invested in Goldman Sachs BDC in 2025 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 85 increasing their positions, 51 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 51

0.4% more ownership

Funds ownership: 31.7% → 32.1% (+0.4%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

5% less funds holding

Funds holding: 223 → 211 (-12)

13% less capital invested

Capital invested by funds: $470M → $407M (-$63.2M)

24% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 33

33% less call options, than puts

Call options by funds: $151K | Put options by funds: $227K

Holders
211
Holders Change
-12
Holders Change %
-5.38%
% of All Funds
2.77%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
25
Increased
85
Reduced
51
Closed
33
Calls
$151K
Puts
$227K
Net Calls
-$76K
Net Calls Change
+$3.02M

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$3.31M
2
Marshall Wace
Marshall Wace
United Kingdom
+$3.13M
3
MC
Muzinich & Co
New York
+$2.94M
4
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
+$2.9M
5
TI
Trexquant Investment
Connecticut
+$1.54M

Top Sellers

Rank Fund Capital Flow
1
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$11.8M
2
Morgan Stanley
Morgan Stanley
New York
-$3.82M
3
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$3.3M
4
RRA
Round Rock Advisors
Connecticut
-$2.33M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$2.14M
Name Holding Trade Value Shares
Change 		Change in
Stake
AAA
26
Adams Asset Advisors
Texas
$3.29M -$27.4K -2,408 -0.7%
FNT
27
First National Trust
Pennsylvania
$3.16M +$9.37K +824 +0.3%
SRC
28
Sage Rhino Capital
California
$2.98M +$187K +16,400 +6%
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$2.7M -$1.09M -96,200 -27%
GA
30
GraniteShares Advisors
New York
$2.61M +$257K +22,627 +10%
Creative Planning
31
Creative Planning
Kansas
$2.52M +$241K +21,187 +9%
LPL Financial
32
LPL Financial
California
$2.48M +$324K +28,451 +13%
SAM
33
Shikiar Asset Management
New York
$2.25M +$48.1K +4,225 +2%
NW
34
Naviter Wealth
Arkansas
$1.82M -$159K -13,958 -8%
QPWM
35
Quadrant Private Wealth Management
Pennsylvania
$1.78M +$77.6K +6,821 +4%
Qube Research & Technologies (QRT)
36
Qube Research & Technologies (QRT)
United Kingdom
$1.73M -$3.3M -290,325 -63%
SFS
37
Stiles Financial Services
Minnesota
$1.52M +$442K +38,833 +35%
Canada Life
38
Canada Life
Manitoba, Canada
$1.52M +$289K +25,403 +22%
HighTower Advisors
39
HighTower Advisors
Illinois
$1.49M +$296 +26 +0%
Loomis, Sayles & Company
40
Loomis, Sayles & Company
Massachusetts
$1.42M – – –
SWP
41
Stratos Wealth Partners
Ohio
$1.4M -$391K -34,343 -20%
GAMC
42
Garner Asset Management Corp
Texas
$1.38M +$265K +23,255 +22%
CIM
43
Confluence Investment Management
Missouri
$1.38M -$326K -28,703 -17%
UAG
44
United Advisor Group
Ohio
$1.34M +$2.56K +225 +0.2%
DA
45
Denali Advisors
California
$1.33M -$408K -35,895 -22%
Northern Trust
46
Northern Trust
Illinois
$1.33M +$245K +21,565 +20%
State Street
47
State Street
Massachusetts
$1.23M +$36.2K +3,186 +3%
MW
48
Maia Wealth
Colorado
$1.19M +$6.61K +581 +0.5%
IA
49
Icon Advisers
Colorado
$1.18M +$875K +76,969 +198%
VIA
50
Virtus Investment Advisers
Connecticut
$1.1M +$614 +54 +0.1%
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GSBD Hedge Fund Activity: Q3 2025 in Review

211 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Goldman Sachs BDC (GSBD) for Q3 2025, worth a combined $407M — down 13% from $470M a quarter earlier.

Sellers outnumbered buyers: 33 funds closed out of GSBD and 25 opened new positions — a net loss of 8 holders — while 51 trimmed existing stakes and 85 added.

The largest buyer was UBS Group, adding an estimated $3.31M. The largest seller was Balyasny Asset Management, cutting an estimated $11.8M.

  • 211 institutional investors held Goldman Sachs BDC (GSBD) as of Q3 2025, down from 223 in Q2 2025.
  • Funds reported $407M of Goldman Sachs BDC stock for Q3 2025, down 13% quarter-over-quarter.
  • 25 funds opened new Goldman Sachs BDC positions in Q3 2025 and 33 closed out, a net change of -8 holders.
  • The largest Goldman Sachs BDC buyer in Q3 2025 was UBS Group, an estimated $3.31M added.
  • The largest Goldman Sachs BDC seller in Q3 2025 was Balyasny Asset Management, an estimated $11.8M sold.

Based on aggregated 13F filings for Q3 2025.