Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Goldman Sachs Bdc Inc (GSBD)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +5
Streak
1Q ▲
Buyers last Q
53%

Smart Money Signals — GSBD

Based on 207 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added GSBD 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.
📊

High ownership — 90% of 3.0Y peak

90% of all-time peak
207 funds currently hold this stock — 90% of the 3.0-year high of 230 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 7% fewer funds vs a year ago

fund count last 6Q
15 fewer hedge funds hold GSBD compared to a year ago (-7% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 53% buying

104 buying94 selling
Last quarter: 104 funds bought or added vs 94 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.
➡️

Steady new buyers — ~40 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 24 → 45 → 38 → 40. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 22% medium ■ 28% new
104 out of 207 hedge funds have held GSBD 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.
💰

Value +35% but shares only +18% — price-driven

Value
+35%
Shares
+18%
Last quarter: the total dollar value of institutional holdings rose +35%, but actual share count only changed +18%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

29 → 24 → 45 → 38 → 40 new funds/Q
New funds entering each quarter: 24 → 45 → 38 → 40. A growing number of institutions are discovering GSBD each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 55% veterans vs 27% newcomers

■ 55% veterans ■ 18% 1-2yr ■ 27% new
Entry-cohort mix of 209 holders: 114 (55%) are 2+ year veterans, 38 entered 1–2 years ago, and 57 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 42% AUM from top-100 funds

42% from top-100 AUM funds
25 of 206 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in GSBD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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 — GSBD

In 2026 Q2, 104 hedge funds were net buyers of GSBD (40 opened a new position, 64 added to an existing one), while 94 reduced or exited (59 trimmed, 35 sold completely) — a 53% buyer ratio, indicating a slight buying edge. 42% of total institutional value in GSBD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +5 funds (more new holders than closures). Total institutional holders: 207.

Hedge Fund Ownership: GSBD

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

Market Analysis: GSBD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: GSBD

-- --

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.

9 top-rated funds 3 high-conviction
Consensus
4.3
/ 10
breadth
×
Elite
2.8
/ 10
conviction
Hedge Fund Positioning: GSBD
206 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 206 202 1.98%
13F Shares 52M 44M 18.08%
Total Value $492M $364M 35.32%
New Positions 40 38 +2
Increased Positions 64 54 +10
Closed Positions 35 43 -8
Reduced Positions 57 70 -13
Total Calls 1 4 -75.0%
Total Puts 2 2 -
PUT/CALL Ratio 2.0 0.5 Bearish

Statistics: GSBD

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 Q2)

206 + investors

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

QUARTER:
Top 25 GSBD holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Lunate Capital Ltd 10.60% 2,192,392 $20.8M
2 Lalia Capital, LLC 5.50% 1,193,406 $11.3M
3 Muzinich & Co., Inc. 2.77% 853,942 $8.1M
4 Significant Wealth Partners LLC 2.03% 197,283 $1.9M
5 GraniteShares Advisors LLC 1.77% 290,788 $2.8M
6 American Financial Group Inc 1.69% 506,562 $4.8M
7 Ares Management LLC 1.30% 3,147,251 $29.8M
8 Private Management Group Inc 1.29% 5,178,638 $49.1M
9 Sbe LLC Dba Cedar Cove Wealth Partners 0.90% 202,760 $1.9M
10 Privium Fund Management (UK) Ltd 0.87% 216,000 $2.1M
11 Columbus Macro, LLC 0.57% 619,851 $5.9M
12 Generali Asset Management SPA SGR 0.56% 3,294,022 $31.2M
13 TT Capital Management LLC 0.53% 71,850 $681K
14 Closed-End Fund Advisors, Inc. 0.39% 41,742 $396K
15 Saxon Interests, INC. 0.37% 142,135 $1.3M
16 Stiles Financial Services Inc 0.35% 147,845 $1.4M
17 Quadrant Private Wealth Management, LLC 0.35% 160,233 $1.6M
18 Adams Asset Advisors, LLC 0.24% 227,546 $2.2M
19 FreeGulliver LLC 0.24% 72,662 $689K
20 Transcend Capital Advisors, LLC 0.23% 356,959 $3.4M
21 Naviter Wealth, LLC 0.23% 253,413 $2.5M
22 Delphi Financial Group, INC. 0.22% 47,177 $447K
23 Black Maple Capital Management LP 0.20% 37,500 $356K
24 Argentarii, LLC 0.18% 63,000 $611K
25 Investment Partners Asset Management, Inc. 0.18% 33,724 $320K
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 — Goldman Sachs Bdc Inc (GSBD)

What does the Smart Money Trend signal show for GSBD?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added GSBD 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 GSBD?

Slight buying edge — 53% buying: Last quarter: 104 funds bought or added vs 94 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 GSBD holders?

Elite ownership — 42% AUM from top-100 funds: 25 of 206 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in GSBD. 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 GSBD?

50% of holders stayed for 2+ years: 104 out of 207 hedge funds have held GSBD 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.

Full history →