Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Carlyle Secured Lending Inc (CGBD)

155 + 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
↑ +3
Streak
2Q ▲
Buyers last Q
50%

Smart Money Signals — CGBD

Based on 156 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added CGBD than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
156 hedge funds hold CGBD right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +32% more funds vs a year ago

fund count last 6Q
+38 new funds entered over the past year (+32% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 50% buying

77 buying76 selling
Last quarter: 77 funds bought or added vs 76 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-9 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 45 → 23 → 38 → 29. 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.
📌

Mixed — 38% long-term, 28% new

■ 38% conviction (2yr+) ■ 34% medium ■ 28% new
Of the 156 current holders: 60 (38%) held >2 years, 53 held 1–2 years, and 43 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💎

Buying through price weakness — shares -3%, value -21%

Value
-21%
Shares
-3%
Last quarter: funds added -3% more shares while total portfolio value only changed -21%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~29 new funds/quarter

20 → 45 → 23 → 38 → 29 new funds/Q
New funds entering each quarter: 45 → 23 → 38 → 29. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 50% of holders stayed 2+ years

■ 50% veterans ■ 14% 1-2yr ■ 36% new
Of 158 current holders: 79 (50%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 45% AUM from top-100 funds

45% from top-100 AUM funds
23 of 156 holders are among the 100 largest funds by AUM, controlling 45% 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.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 Q1, 77 hedge funds were net buyers of CGBD (29 opened a new position, 48 added to an existing one), while 76 reduced or exited (50 trimmed, 26 sold completely) — a 50% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 45% of total institutional value in CGBD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 156.

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

-- --

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

Is It Too Late to Buy Carlyle Secured Lending Inc (CGBD) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CGBD has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 79d ago
CGBD
-0.7%
XLF
+9.5%

CGBD outperformed XLF by -10.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
CGBD
-3.0%
XLF
+5.8%

Since the filing became public, CGBD outperformed XLF by -8.8% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

7 top-rated funds 2 high-conviction
Consensus
3.9
/ 10
breadth
×
Elite
2.1
/ 10
conviction
Hedge Fund Positioning: CGBD
155 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 155 153 1.31%
13F Shares 27M 28M -3.28%
Total Value $272M $346M -21.28%
New Positions 29 38 -9
Increased Positions 45 41 +4
Closed Positions 27 30 -3
Reduced Positions 50 47 +3
Total Calls 5 5 -
Total Puts 1 3 -66.67%
PUT/CALL Ratio 0.2 0.6 Bullish

Statistics: CGBD

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

155 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 North Ground Capital 5.11% 387,518 $4.2M
2 Muzinich & Co., Inc. 2.82% 737,744 $8.1M
3 Significant Wealth Partners LLC 2.19% 162,306 $1.8M
4 Hager Investment Management Services, LLC 1.21% 200,487 $2.2M
5 Closed-End Fund Advisors, Inc. 1.10% 98,785 $1.1M
6 Rivernorth Capital Management, LLC 0.70% 1,272,507 $13.9M
7 Cliffwater LLC 0.60% 207,319 $2.3M
8 Samalin Investment Counsel, LLC 0.42% 107,107 $1.2M
9 Doliver Advisors, LP 0.32% 126,681 $1.4M
10 Caz Investments LP 0.26% 20,000 $219K
11 Novare Capital Management LLC 0.22% 251,395 $2.8M
12 Whipplewood Advisors, LLC 0.20% 34,853 $381K
13 nVerses Capital, LLC 0.20% 19,664 $215K
14 Choreo, LLC 0.19% 1,388,224 $15.7M
15 Alpine Global Management, LLC 0.19% 115,663 $1.3M
16 Ares Management LLC 0.17% 240,000 $2.6M
17 Virtus Investment Advisers, LLC 0.17% 55,723 $610K
18 MQS Management LLC 0.16% 22,283 $244K
19 Ethos Financial Group, LLC 0.13% 140,177 $1.8M
20 Almitas Capital LLC 0.11% 42,885 $469K
21 Catalina Capital Group, LLC 0.10% 15,966 $175K
22 Zions Bancorporation, National Association /Ut/ 0.10% 146,742 $1.6M
23 Naviter Wealth, LLC 0.10% 69,490 $788K
24 Denali Advisors LLC 0.09% 72,712 $795K
25 Clarus Group, Inc. 0.08% 21,291 $233K
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?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added CGBD than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for CGBD?

Slight buying edge — 50% buying: Last quarter: 77 funds bought or added vs 76 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for CGBD holders?

Elite ownership — 45% AUM from top-100 funds: 23 of 156 holders are among the 100 largest funds by AUM, controlling 45% 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?

Mixed — 38% long-term, 28% new: Of the 156 current holders: 60 (38%) held >2 years, 53 held 1–2 years, and 43 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy Carlyle Secured Lending Inc (CGBD) following the 2026 Q1 hedge fund 13F filings?

As of today, CGBD has moved -3.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of -8.8%. Since the quarter end (March 31, 2026), CGBD has gained -0.7% vs +9.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

Full history →