Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Golub Cap Bdc Inc (GBDC)

350 + 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
↑ +2
Streak
3Q ▲
Buyers last Q
52%

Smart Money Signals — GBDC

Based on 351 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added GBDC 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
351 hedge funds hold GBDC 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.
📶

Steady growth — +6% more funds vs a year ago

fund count last 6Q
+21 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 52% buying

183 buying169 selling
Last quarter: 183 funds bought or added vs 169 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: 34 → 50 → 68 → 59. 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.
🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 28% medium ■ 22% new
176 out of 351 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.
🚀

Acceleration phase — new buyers rushing in

49 → 34 → 50 → 68 → 59 new funds/Q
New funds entering each quarter: 34 → 50 → 68 → 59. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 56% veterans vs 28% newcomers

■ 56% veterans ■ 15% 1-2yr ■ 28% new
Entry-cohort mix of 354 holders: 200 (56%) are 2+ year veterans, 54 entered 1–2 years ago, and 100 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 18% AUM from top-100

18% from top-100 AUM funds
30 of 348 holders rank in the top 100 by AUM, but together hold only 18% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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 Q1, 183 hedge funds were net buyers of GBDC (59 opened a new position, 124 added to an existing one), while 169 reduced or exited (112 trimmed, 57 sold completely) — a 52% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 351.

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

-- --

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

Is It Too Late to Buy Golub Cap Bdc Inc (GBDC) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much GBDC 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
GBDC
-2.4%
XLF
+9.5%

GBDC outperformed XLF by -11.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
GBDC
-5.4%
XLF
+5.8%

Since the filing became public, GBDC outperformed XLF by -11.2% .

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.

17 top-rated funds 6 high-conviction
Consensus
5.5
/ 10
breadth
×
Elite
3.3
/ 10
conviction
Hedge Fund Positioning: GBDC
350 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 350 349 0.29%
13F Shares 116M 117M -0.31%
Total Value $1.39B $1.61B -13.85%
New Positions 59 68 -9
Increased Positions 124 109 +15
Closed Positions 58 43 +15
Reduced Positions 110 121 -11
Total Calls 2 2 -
Total Puts 4 0 100%
PUT/CALL Ratio 2.0 0.0 Bearish

Statistics: GBDC

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)

350 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Lalia Capital, LLC 20.33% 2,541,926 $32.2M
2 Muzinich & Co., Inc. 8.79% 1,985,488 $25.1M
3 North Ground Capital 7.30% 478,894 $6.1M
4 Sage Mountain Advisors LLC 3.33% 3,756,271 $47.6M
5 Granite FO LLC 2.82% 376,295 $4.8M
6 Ares Management LLC 2.55% 3,058,356 $38.7M
7 Castlekeep Investment Advisors LLC 2.38% 346,673 $4.4M
8 Sound Income Strategies, LLC 2.26% 3,750,533 $46.9M
9 Next Capital Management LLC 2.17% 567,205 $7.2M
10 Prairiewood Capital, LLC 1.91% 521,431 $6.6M
11 Tranquility Partners, LLC 1.73% 362,806 $4.6M
12 GraniteShares Advisors LLC 1.63% 179,126 $2.3M
13 Arnhold LLC 1.43% 1,537,089 $19.5M
14 Osbon Capital Management LLC 1.16% 112,081 $1.4M
15 Coastal Bridge Advisors, LLC 1.16% 1,292,404 $16.4M
16 Silverberg Bernstein Capital Management LLC 1.06% 152,277 $1.9M
17 Tred Avon Family Wealth, LLC 1.04% 247,203 $3.1M
18 General Partner, Inc. 0.95% 123,041 $1.6M
19 Strs Ohio 0.86% 17,140,532 $217.0M
20 Generali Asset Management SPA SGR 0.69% 2,630,739 $33.3M
21 Cura Wealth Advisors, LLC 0.68% 120,200 $1.5M
22 Stableford Capital II LLC 0.68% 143,662 $1.8M
23 Commerce Advisors, LLC 0.67% 62,625 $793K
24 Sigma Investment Counselors Inc 0.63% 936,373 $11.9M
25 Independent Family Office, LLC 0.62% 119,013 $1.5M
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?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added GBDC 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 GBDC?

Slight buying edge — 52% buying: Last quarter: 183 funds bought or added vs 169 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 GBDC holders?

Smaller funds dominant — 18% AUM from top-100: 30 of 348 holders rank in the top 100 by AUM, but together hold only 18% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held GBDC?

50% of holders stayed for 2+ years: 176 out of 351 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.

Is it too late to buy Golub Cap Bdc Inc (GBDC) following the 2026 Q1 hedge fund 13F filings?

As of today, GBDC has moved -5.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of -11.2%. Since the quarter end (March 31, 2026), GBDC has gained -2.4% 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 →