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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
KIA
76
Kraematon Investment Advisors
Massachusetts
$488K -$152K -13,331 -22%
AAM
77
Advisors Asset Management
Colorado
$485K +$899 +79 +0.2%
PWA
78
Physician Wealth Advisors
Utah
$481K +$536K +47,100 +21,507%
FA
79
Financial Alternatives
California
$478K – – –
AWM
80
Apollon Wealth Management
South Carolina
$465K -$50K -4,400 -9%
AWM
81
Axxcess Wealth Management
California
$465K – – –
NG
82
Norden Group
Utah
$461K +$118K +10,346 +30%
PA
83
Parallel Advisors
California
$460K – – –
FFA
84
Founders Financial Alliance
North Carolina
$460K +$44.2K +3,889 +9%
GC
85
Guggenheim Capital
Illinois
$458K +$54.6K +4,798 +12%
PCG
86
Prosperity Consulting Group
Maryland
$448K +$501K +44,007 New
WA
87
Wealth Alliance
New York
$447K – – –
OWP
88
Obermeyer Wealth Partners
Colorado
$437K +$489K +43,000 New
SCA
89
Snowden Capital Advisors
New York
$428K +$18.3K +1,613 +4%
BWP
90
Baldwin Wealth Partners
Massachusetts
$417K – – –
Janney Montgomery Scott
91
Janney Montgomery Scott
Pennsylvania
$404K +$451K +39,680 New
PAG
92
Private Advisor Group
New Jersey
$370K -$96.7K -8,499 -19%
Wealth Enhancement Advisory Services
93
Wealth Enhancement Advisory Services
Minnesota
$364K -$31.1K -2,738 -7%
SC
94
Savant Capital
Illinois
$342K +$1.31K +115 +0.3%
CF
95
Centaurus Financial
California
$330K +$148K +13,035 +67%
ACM
96
Ascent Capital Management
Oregon
$329K +$6.98K +614 +2%
MA
97
MAS Advisors
Florida
$328K +$68.4K +6,014 +23%
CAM
98
Cresset Asset Management
Illinois
$320K +$6.77K +595 +2%
EH
99
Equitable Holdings
New York
$319K +$569 +50 +0.2%
Pathstone Holdings
100
Pathstone Holdings
New Jersey
$305K – – –
2 3
4
5 6

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.