Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Carlyle Secured Lending Inc (CGBD)

140 + Investors. Track Smart Money conviction in CGBD. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -15
Streak
1Q ▼
Buyers last Q
47%

Smart Money Signals — CGBD

Based on 141 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their CGBD positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 90% of 3.0Y peak

90% of all-time peak
141 funds currently hold this stock — 90% of the 3.0-year high of 156 funds (reached 2026 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding CGBD is almost the same as a year ago (-5 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 47% buying

64 buying73 selling
Last quarter: 73 funds reduced or exited vs 64 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-11 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 23 → 38 → 29 → 18. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

43% of holders stayed for 2+ years

■ 43% conviction (2yr+) ■ 33% medium ■ 25% new
60 out of 141 hedge funds have held CGBD for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

46 → 23 → 38 → 29 → 18 new funds/Q
New funds entering each quarter: 23 → 38 → 29 → 18. CGBD is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 49% veterans vs 35% newcomers

■ 49% veterans ■ 17% 1-2yr ■ 35% new
Entry-cohort mix of 144 holders: 70 (49%) are 2+ year veterans, 24 entered 1–2 years ago, and 50 (35%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 48% AUM from top-100 funds

48% from top-100 AUM funds
23 of 140 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in CGBD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — CGBD

In 2026 Q2, 64 hedge funds were net buyers of CGBD (18 opened a new position, 46 added to an existing one), while 73 reduced or exited (40 trimmed, 33 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. 48% of total institutional value in CGBD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -15 funds (more exits than new entries). Total institutional holders: 141.

Hedge Fund Ownership: CGBD

How many hedge funds hold CGBD — quarterly history vs. share price
Quarterly hedge fund ownership of CGBD vs. share price

Market Analysis: CGBD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CGBD

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

5 top-rated funds 2 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
2.3
/ 10
conviction
Hedge Fund Positioning: CGBD
140 + Investors

Track Smart Money conviction in CGBD. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 140 156 -10.26%
13F Shares 27M 27M -0.2%
Total Value $272M $272M -0.02%
New Positions 18 29 -11
Increased Positions 45 45 -
Closed Positions 33 27 +6
Reduced Positions 39 50 -11
Total Calls 2 5 -60.0%
Total Puts 2 1 100.0%
PUT/CALL Ratio 1.0 0.2 Neutral

Statistics: CGBD

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Institutional Holders (2026 Q2)

140 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in CGBD. Verified SEC 13F-HR filings.

QUARTER:
Top 25 CGBD holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 North Ground Capital 7.78% 616,000 $6.5M
2 Lalia Capital, LLC 4.75% 927,333 $9.8M
3 Muzinich & Co., Inc. 2.67% 741,278 $7.8M
4 Significant Wealth Partners LLC 1.88% 164,757 $1.7M
5 Smh Capital Advisors Inc 0.91% 21,946 $231K
6 Hager Investment Management Services, LLC 0.88% 182,377 $1.9M
7 Closed-End Fund Advisors, Inc. 0.80% 78,104 $822K
8 Cliffwater LLC 0.54% 207,319 $2.2M
9 Diameter Capital Partners LP 0.43% 508,387 $5.4M
10 Whipplewood Advisors, LLC 0.37% 51,820 $546K
11 Samalin Investment Counsel, LLC 0.35% 107,636 $1.1M
12 MQS Management LLC 0.31% 24,386 $257K
13 Doliver Advisors, LP 0.29% 119,781 $1.3M
14 Palliser Capital (UK) Ltd 0.26% 45,703 $481K
15 Caz Investments LP 0.22% 20,000 $211K
16 Ares Management LLC 0.22% 472,187 $5.0M
17 Novare Capital Management LLC 0.21% 287,445 $3.0M
18 Choreo, LLC 0.16% 1,361,251 $14.3M
19 Callodine Capital Management, LP 0.15% 225,000 $2.4M
20 Alpine Global Management, LLC 0.12% 71,496 $753K
21 Black Maple Capital Management LP 0.12% 20,000 $211K
22 Virtus Investment Advisers, LLC 0.11% 46,857 $493K
23 Almitas Capital LLC 0.11% 42,885 $452K
24 Ethos Financial Group, LLC 0.10% 136,990 $1.4M
25 Clarus Group, Inc. 0.08% 21,291 $224K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Carlyle Secured Lending Inc (CGBD)

What does the Smart Money Trend signal show for CGBD?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their CGBD positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for CGBD?

More sellers than buyers — 47% buying: Last quarter: 73 funds reduced or exited vs 64 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for CGBD holders?

Elite ownership — 48% AUM from top-100 funds: 23 of 140 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in CGBD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held CGBD?

43% of holders stayed for 2+ years: 60 out of 141 hedge funds have held CGBD for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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