Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Golub Cap Bdc Inc (GBDC)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -31
Streak
1Q ▼
Buyers last Q
48%

Smart Money Signals — GBDC

Based on 321 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 GBDC 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 — 91% of 3.0Y peak

91% of all-time peak
321 funds currently hold this stock — 91% of the 3.0-year high of 352 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 GBDC is almost the same as a year ago (+5 funds, +2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 48% buying

158 buying171 selling
Last quarter: 171 funds reduced or exited vs 158 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 (-27 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 50 → 68 → 59 → 32. 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.
🔒

56% of holders stayed for 2+ years

■ 56% conviction (2yr+) ■ 26% medium ■ 17% new
181 out of 321 hedge funds have held GBDC 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

35 → 50 → 68 → 59 → 32 new funds/Q
New funds entering each quarter: 50 → 68 → 59 → 32. GBDC 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 — 60% veterans vs 21% newcomers

■ 60% veterans ■ 19% 1-2yr ■ 21% new
Entry-cohort mix of 324 holders: 194 (60%) are 2+ year veterans, 61 entered 1–2 years ago, and 69 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 23% AUM from major funds

23% from top-100 AUM funds
35 of 318 holders rank in the top 100 by AUM, accounting for 23% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — 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 — GBDC

In 2026 Q2, 158 hedge funds were net buyers of GBDC (32 opened a new position, 126 added to an existing one), while 171 reduced or exited (108 trimmed, 63 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. 23% of total institutional value in GBDC is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -31 funds (more exits than new entries). Total institutional holders: 321.

Hedge Fund Ownership: GBDC

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

Market Analysis: GBDC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: GBDC

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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.

8 top-rated funds 5 high-conviction
Consensus
4.1
/ 10
breadth
×
Elite
3.1
/ 10
conviction
Hedge Fund Positioning: GBDC
317 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 317 352 -9.94%
13F Shares 123M 116M 5.45%
Total Value $1.56B $1.39B 12.85%
New Positions 32 59 -27
Increased Positions 126 124 +2
Closed Positions 64 57 +7
Reduced Positions 106 112 -6
Total Calls 2 2 -
Total Puts 4 4 -
PUT/CALL Ratio 2.0 2.0 Bearish

Statistics: GBDC

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Institutional Holders (2026 Q2)

317 + investors

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

QUARTER:
Top 25 GBDC holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Lalia Capital, LLC 16.31% 2,605,281 $33.6M
2 Muzinich & Co., Inc. 9.04% 2,055,071 $26.5M
3 Sage Mountain Advisors LLC 3.03% 3,829,164 $49.3M
4 Granite FO LLC 2.55% 374,795 $4.8M
5 Castlekeep Investment Advisors LLC 2.36% 366,121 $4.7M
6 Sound Income Strategies, LLC 2.24% 3,876,087 $49.9M
7 Ares Management LLC 1.88% 3,357,115 $43.2M
8 Prairiewood Capital, LLC 1.88% 562,432 $7.2M
9 Next Capital Management LLC 1.76% 505,442 $6.5M
10 GraniteShares Advisors LLC 1.71% 206,101 $2.7M
11 Tranquility Partners, LLC 1.55% 349,982 $4.5M
12 Arnhold LLC 1.39% 1,537,089 $19.8M
13 Osbon Capital Management LLC 1.13% 111,755 $1.4M
14 Tred Avon Family Wealth, LLC 0.99% 250,990 $3.2M
15 Whipplewood Advisors, LLC 0.97% 112,027 $1.4M
16 Coastal Bridge Advisors, LLC 0.95% 1,193,180 $15.4M
17 Bayshore Capital Advisors, LLC 0.87% 144,908 $1.9M
18 General Partner, Inc. 0.85% 123,041 $1.6M
19 Strs Ohio 0.85% 17,576,643 $226.4M
20 Silverberg Bernstein Capital Management LLC 0.77% 155,944 $2.0M
21 Cura Wealth Advisors, LLC 0.66% 120,200 $1.5M
22 Stableford Capital II LLC 0.63% 140,804 $1.8M
23 Independent Family Office, LLC 0.62% 119,013 $1.5M
24 Generali Asset Management SPA SGR 0.61% 2,630,739 $33.9M
25 Sigma Investment Counselors Inc 0.58% 922,439 $11.9M
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 — Golub Cap Bdc Inc (GBDC)

What does the Smart Money Trend signal show for GBDC?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their GBDC 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 GBDC?

More sellers than buyers — 48% buying: Last quarter: 171 funds reduced or exited vs 158 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 GBDC holders?

Strong quality — 23% AUM from major funds: 35 of 318 holders rank in the top 100 by AUM, accounting for 23% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held GBDC?

56% of holders stayed for 2+ years: 181 out of 321 hedge funds have held GBDC 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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