Goldman Sachs BDC
GSBD
211 hedge funds and large institutions have $381M invested in Goldman Sachs BDC in 2025 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 51 increasing their positions, 72 reducing their positions, and 44 closing their positions.
571% more call options, than puts
Call options by funds: $9.47M | Put options by funds: $1.41M
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
1.51% more ownership
Funds ownership: 32.17% → 33.68% (+1.5%)
9% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 44
0% less funds holding
Funds holding: 212 → 211 (-1)
7% less capital invested
Capital invested by funds: $408M → $381M (-$26.8M)
29% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 72
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Ares Management
Los Angeles,
California
|
+$6.03M |
| 2 |
AFG
American Financial Group
Cincinnati,
Ohio
|
+$4.97M |
| 3 |
Jane Street
New York
|
+$4.85M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$4.19M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$3.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Advisors Capital Management
Ridgewood,
New Jersey
|
-$5.4M |
| 2 |
Morgan Stanley
New York
|
-$5.27M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$4.88M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$3.71M |
| 5 |
TI
Trexquant Investment
Stamford,
Connecticut
|
-$2.79M |
GSBD Hedge Fund Activity: Q4 2025 in Review
211 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Goldman Sachs BDC (GSBD) for Q4 2025, worth a combined $381M — down 6.6% from $408M a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new GSBD positions and 44 closed out — a net gain of 4 holders — while 51 added to existing stakes and 72 trimmed.
The largest buyer was Ares Management, adding an estimated $6.03M. The largest seller was Advisors Capital Management, exiting entirely with an estimated $5.4M sold.
- 211 institutional investors held Goldman Sachs BDC (GSBD) as of Q4 2025, down from 212 in Q3 2025.
- Funds reported $381M of Goldman Sachs BDC stock for Q4 2025, down 6.6% quarter-over-quarter.
- 48 funds opened new Goldman Sachs BDC positions in Q4 2025 and 44 closed out, a net change of +4 holders.
- The largest Goldman Sachs BDC buyer in Q4 2025 was Ares Management, an estimated $6.03M added.
- The largest Goldman Sachs BDC seller in Q4 2025 was Advisors Capital Management, an estimated $5.4M sold.
Based on aggregated 13F filings for Q4 2025.