Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

GOLDMAN SACHS BDC INC (GSBD)

201 + 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
↓ -2
Streak
4Q ▼
Buyers last Q
46%

Smart Money Signals — GSBD

Based on 196 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds reduced or closed their GSBD 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 — 89% of 3.0Y peak

89% of all-time peak
196 funds currently hold this stock — 89% of the 3.0-year high of 220 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 11% fewer funds vs a year ago

fund count last 6Q
24 fewer hedge funds hold GSBD compared to a year ago (-11% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 46% buying

94 buying112 selling
Last quarter: 112 funds reduced or exited vs 94 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.
📈

More new buyers each quarter (+20 vs last Q)

new funds entering per quarter
Funds opening a new GSBD position: 25 → 26 → 22 → 42. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 26% medium ■ 24% new
98 out of 196 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.
📈

Growing discovery — still being found

49 → 25 → 26 → 22 → 42 new funds/Q
New funds entering each quarter: 25 → 26 → 22 → 42. A growing number of institutions are discovering GSBD each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 56% of holders stayed 2+ years

■ 56% veterans ■ 11% 1-2yr ■ 33% new
Of 201 current holders: 113 (56%) 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.
✅

Strong quality — 39% AUM from major funds

39% from top-100 AUM funds
17 of 196 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
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.

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

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

25 top-rated funds 2 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
1.9
/ 10
conviction
Hedge Fund Positioning: GSBD
2026 Q1 Stats Unlock in 20 days 201 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 201 199 1.01%
13F Shares 35M 32M 8.62%
Total Value $351M $369M -4.96%
New Positions 44 22 +22
Increased Positions 58 81 -23
Closed Positions 44 34 +10
Reduced Positions 68 51 +17
Total Calls 4 1 300.0%
Total Puts 2 1 100.0%
PUT/CALL Ratio 0.5 1.0 Bullish

Statistics: GSBD

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Valuation Measures Data as of: --

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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
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Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

201 + investors

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

Top 25 institutional holders of GSBD — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Muzinich & Co., Inc. 2.49% 801,533 $7.1M
2 Significant Wealth Partners LLC 2.12% 194,093 $1.7M
3 GraniteShares Advisors LLC 1.61% 251,857 $2.2M
4 SBE LLC DBA CEDAR COVE WEALTH PARTNERS 0.89% 191,644 $1.7M
5 SAXON INTERESTS, INC. 0.38% 122,912 $1.1M
6 Adams Asset Advisors, LLC 0.37% 374,609 $3.3M
7 Naviter Wealth, LLC 0.21% 183,435 $1.7M
8 Garner Asset Management Corp 0.20% 58,760 $522K
9 Investment Partners Asset Management, Inc. 0.18% 32,224 $286K
10 SHIKIAR ASSET MANAGEMENT INC 0.18% 68,950 —
11 Cordoba Advisory Partners LLC 0.16% 66,009 $594K
12 United Advisor Group, LLC 0.11% 101,046 $897K
13 COLUMBIA ADVISORY PARTNERS LLC 0.10% 17,883 $159K
14 NORDEN GROUP LLC 0.08% 92,192 $819K
15 Mallini Complete Financial Planning LLC 0.08% 10,781 $96K
16 SAGE RHINO CAPITAL LLC 0.07% 43,485 $386K
17 Cohen Capital Management, Inc. 0.05% 38,694 $344K
18 Samalin Investment Counsel, LLC 0.05% 16,792 $149K
19 Garde Capital, Inc. 0.05% 93,664 $832K
20 J.W. COLE ADVISORS, INC. 0.04% 120,869 $1.1M
21 BI Asset Management Fondsmaeglerselskab A/S 0.03% 364,749 $3K
22 Westmount Partners, LLC 0.03% 15,010 $133K
23 CAMBIENT FAMILY OFFICE, LLC 0.03% 23,664 $218K
24 DOLIVER ADVISORS, LP 0.03% 14,963 $133K
25 PFG Investments, LLC 0.03% 72,858 $647K
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?

Selling streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds reduced or closed their GSBD 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 GSBD?

More sellers than buyers — 46% buying: Last quarter: 112 funds reduced or exited vs 94 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 GSBD holders?

Strong quality — 39% AUM from major funds: 17 of 196 holders rank in the top 100 by AUM, accounting for 39% 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 GSBD?

50% of holders stayed for 2+ years: 98 out of 196 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.