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
↓ -6
Streak
5Q ▼
Buyers last Q
45%

Smart Money Signals — GSBD

Based on 201 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 5 quarters in a row

last 6Q
For 5 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 — 88% of 3.0Y peak

88% of all-time peak
201 funds currently hold this stock — 88% of the 3.0-year high of 228 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 — 45% buying

94 buying114 selling
Last quarter: 114 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.
⚠️

Fewer new buyers each quarter (-8 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 28 → 24 → 45 → 37. 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.
🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 25% medium ■ 23% new
104 out of 201 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.
💎

Buying through price weakness — shares +11%, value -7%

Value
-6%
Shares
+11%
Last quarter: funds added +11% more shares while total portfolio value only changed -7%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
🚀

Acceleration phase — new buyers rushing in

26 → 28 → 24 → 45 → 37 new funds/Q
New funds entering each quarter: 28 → 24 → 45 → 37. 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 27% newcomers

■ 56% veterans ■ 17% 1-2yr ■ 27% new
Entry-cohort mix of 204 holders: 114 (56%) are 2+ year veterans, 34 entered 1–2 years ago, and 56 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 47% AUM from top-100 funds

47% from top-100 AUM funds
22 of 198 holders are among the 100 largest funds by AUM, controlling 47% 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 Q1, 94 hedge funds were net buyers of GSBD (37 opened a new position, 57 added to an existing one), while 114 reduced or exited (71 trimmed, 43 sold completely) — a 45% buyer ratio, indicating roughly balanced activity. This extends a 5-quarter selling streak, suggesting sustained institutional caution. 47% of total institutional value in GSBD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -6 funds (more exits than new entries). Total institutional holders: 201.

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.

Is It Too Late to Buy Goldman Sachs Bdc Inc (GSBD) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much GSBD 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 · 81d ago
GSBD
nan%
XLF
+8.5%

GSBD outperformed XLF by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 36d ago
GSBD
nan%
XLF
+4.8%

Since the filing became public, GSBD outperformed XLF by nan% .

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.

19 top-rated funds 2 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
2.1
/ 10
conviction
Hedge Fund Positioning: GSBD
201 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 201 207 -2.9%
13F Shares 44M 39M 11.03%
Total Value $364M $389M -6.58%
New Positions 37 45 -8
Increased Positions 54 52 +2
Closed Positions 43 46 -3
Reduced Positions 70 71 -1
Total Calls 4 4 -
Total Puts 2 2 -
PUT/CALL Ratio 0.5 0.5 Bullish

Statistics: GSBD

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
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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)

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.

QUARTER:
Top 25 GSBD holders by conviction (% of portfolio weight) — 2026 Q1 · 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 American Financial Group Inc 1.67% 506,562 $4.5M
4 GraniteShares Advisors LLC 1.61% 251,857 $2.2M
5 Private Management Group Inc 1.28% 5,003,354 $44.4M
6 Ares Management LLC 1.27% 2,171,173 $19.3M
7 Sbe LLC Dba Cedar Cove Wealth Partners 0.89% 191,644 $1.7M
8 Generali Asset Management SPA SGR 0.61% 3,294,022 $29.3M
9 TT Capital Management LLC 0.50% 68,550 $609K
10 Stiles Financial Services Inc 0.41% 150,729 $1.3M
11 Closed-End Fund Advisors, Inc. 0.38% 42,334 $376K
12 Saxon Interests, INC. 0.38% 122,912 $1.1M
13 Adams Asset Advisors, LLC 0.37% 374,609 $3.3M
14 Transcend Capital Advisors, LLC 0.28% 393,168 $3.5M
15 Quadrant Private Wealth Management, LLC 0.23% 160,483 $1.5M
16 Virtus Investment Advisers, LLC 0.22% 88,738 $788K
17 Naviter Wealth, LLC 0.21% 183,435 $1.7M
18 Stirlingshire Investments, Inc. 0.21% 25,993 $239K
19 Garner Asset Management Corp 0.20% 58,760 $522K
20 Argentarii, LLC 0.20% 63,000 $559K
21 Delphi Financial Group, INC. 0.19% 47,177 $419K
22 Investment Partners Asset Management, Inc. 0.18% 32,224 $286K
23 Arcus Capital Partners, LLC 0.16% 49,422 $459K
24 Cordoba Advisory Partners LLC 0.16% 66,009 $594K
25 Blue Line Capital, LLC / IL 0.15% 14,485 $129K
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 — 5 quarters in a row: For 5 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 — 45% buying: Last quarter: 114 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?

Elite ownership — 47% AUM from top-100 funds: 22 of 198 holders are among the 100 largest funds by AUM, controlling 47% 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?

52% of holders stayed for 2+ years: 104 out of 201 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.

Is it too late to buy Goldman Sachs Bdc Inc (GSBD) following the 2026 Q1 hedge fund 13F filings?

As of today, GSBD has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), GSBD has gained nan% vs +8.5% 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.

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