Golub Capital BDC, Inc.
GBDC- Exchange
- Nasdaq
- SEC CIK
- 0001476765
In the last 90 days, Golub Capital BDC, Inc. insiders filed 0 open-market purchases and 1 sale; 319 institutions reported holding it in 13F filings for Q2 2026, worth $1.57B in total; no superinvestor holds it.
13F holders, Q4 2025
Institutional positions in Golub Capital BDC, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 355
- +28 vs. Q3 2025
- Shares held
- 114.2M
- +8.11M (+7.6%) vs. Q3 2025
- Total value
- $1.56B
- +$99.4M (+6.8%) vs. Q3 2025
- New holders
- 70
- 107 more added
- Sold out
- 42
- 122 more reduced
4 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting GBDC on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 319 | $1.57B |
| Q1 2026 | 347 | $1.51B |
| Q4 2025 | 355 | $1.56B |
| Q3 2025 | 331 | $1.47B |
| Q2 2025 | 321 | $1.50B |
| Q1 2025 | 339 | $1.69B |
| Q4 2024 | 328 | $1.59B |
| Q3 2024 | 286 | $1.45B |
| Q2 2024 | 295 | $1.52B |
| Q1 2024 | 252 | $1.09B |
| Q4 2023 | 260 | $1.04B |
| Q3 2023 | 249 | $1.01B |
| Q2 2023 | 243 | $943.7M |
| Q1 2023 | 228 | $955.9M |
| Q4 2022 | 252 | $974.4M |
| Q3 2022 | 230 | $910.2M |
| Q2 2022 | 241 | $947.2M |
| Q1 2022 | 239 | $1.15B |
| Q4 2021 | 227 | $1.17B |
| Q3 2021 | 205 | $1.18B |
| Q2 2021 | 201 | $1.08B |
| Q1 2021 | 203 | $1.06B |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Golub Capital BDC, Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| STRS Ohio | 16,704,760 | $226.7M | 0.85% | +466,978+2.9% | Added |
| CI Private Wealth, LLC | 5,217,576 | $70.8M | 0.10% | −869,477−14.3% | Reduced |
| Van Eck Associates Corp | 4,656,349 | $63.2M | 0.05% | −187,467−3.9% | Reduced |
| Allen Investment Management LLC | 4,069,890 | $55.2M | 0.61% | −103,576−2.5% | Reduced |
| JPMorgan Chase & Co | 3,917,312 | $53.2M | 0.00% | +1,368,759+53.7% | Added |
| Sound Income Strategies, LLC | 3,602,799 | $49.8M | 2.36% | +224,142+6.6% | Added |
| Bank of America Corp | 3,515,546 | $47.7M | 0.00% | −314,242−8.2% | Reduced |
| Sage Mountain Advisors LLC | 3,360,932 | $45.6M | 2.42% | +332,443+11.0% | Added |
| Morgan Stanley | 3,048,675 | $41.4M | 0.00% | +717,904+30.8% | Added |
| Omers Administration Corp | 3,019,148 | $41.0M | 0.29% | +597,918+24.7% | Added |
| UBS Group AG | 2,864,751 | $38.9M | 0.01% | +651,110+29.4% | Added |
| Ares Management LLC | 2,736,210 | $37.1M | 2.12% | +165,000+6.4% | Added |
| Generali Asset Management SPA SGR | 2,630,739 | $35.7M | 0.73% | 00.0% | Unchanged |
| Lalia Capital, LLC | 2,479,179 | $33.6M | 26.34% | +2,479,179 | New |
| Rockefeller Capital Management L.P. | 2,311,002 | $31.4M | 0.06% | −660,109−22.2% | Reduced |
| HighTower Advisors, LLC | 2,298,330 | $31.2M | 0.03% | −230,937−9.1% | Reduced |
| Legal & General Group Plc | 2,062,851 | $28.0M | 0.01% | +315,984+18.1% | Added |
| BlackRock, Inc. | 1,992,097 | $27.0M | 0.00% | +9,886+0.5% | Added |
| Muzinich & Co., Inc. | 1,959,272 | $26.6M | 8.36% | +333,636+20.5% | Added |
| Rivernorth Capital Management, LLC | 1,714,828 | $23.3M | 1.10% | +1,189,706+226.6% | Added |
| Sumitomo Mitsui Trust Holdings, Inc. | 1,514,544 | $20.6M | 0.01% | +36,154+2.4% | Added |
| Arnhold LLC | 1,470,089 | $19.9M | 1.51% | +7,500+0.5% | Added |
| MAI Capital Management | 1,363,944 | $18.5M | 0.11% | +67,687+5.2% | Added |
| Boston Partners | 1,078,691 | $14.7M | 0.02% | −60,349−5.3% | Reduced |
| Bank of Montreal | 1,056,492 | $14.3M | 0.01% | +127,365+13.7% | Added |
| LSV Asset Management | 1,029,000 | $14.0M | 0.03% | −12,400−1.2% | Reduced |
| Hirtle Callaghan & Co LLC | – | $13.7M | 0.47% | – | – |
| Sigma Investment Counselors Inc | 889,184 | $12.1M | 0.61% | +34,904+4.1% | Added |
| Cerity Partners LLC | 847,337 | $11.5M | 0.02% | −81,894−8.8% | Reduced |
| Border to Coast Pensions Partnership Ltd | 800,000 | $10.9M | 0.19% | 00.0% | Unchanged |
| Raymond James Financial Inc | 778,304 | $10.6M | 0.00% | −11,664−1.5% | Reduced |
| Captrust Financial Advisors | 661,868 | $8.98M | 0.02% | −139,271−17.4% | Reduced |
| Pathstone Holdings, LLC | 654,906 | $8.89M | 0.03% | +5,623+0.9% | Added |
| Franklin Resources Inc | 604,170 | $8.20M | 0.00% | −585,859−49.2% | Reduced |
| Lido Advisors, LLC | 560,065 | $7.64M | 0.03% | −5,968−1.1% | Reduced |
| LPL Financial LLC | 545,278 | $7.40M | 0.00% | +116,330+27.1% | Added |
| Commonwealth Equity Services, LLC | 516,804 | $7.01M | 0.01% | +392,702+316.4% | Added |
| Coastal Bridge Advisors, LLC | 498,182 | $6.76M | 0.51% | +498,182 | New |
| Prairiewood Capital, LLC | 456,728 | $6.20M | 1.92% | +75,179+19.7% | Added |
| Stifel Financial Corp | 451,512 | $6.13M | 0.01% | −82,289−15.4% | Reduced |
| Callodine Capital Management, LP | 450,000 | $6.11M | 0.49% | −71,238−13.7% | Reduced |
| Two Sigma Investments, LP | 448,000 | $6.08M | 0.01% | +409,152+1,053.2% | Added |
| Closed-End Fund Advisors, Inc. | 417,665 | $5.67M | 3.35% | +417,665 | New |
| Wells Fargo & Company | 414,892 | $5.63M | 0.00% | −163,153−28.2% | Reduced |
| SRS Capital Advisors, Inc. | 411,251 | $5.58M | 0.16% | +41,692+11.3% | Added |
| Colony Group, LLC | 408,004 | $5.54M | 0.01% | +373,395+1,078.9% | Added |
| Granite FO LLC | 400,505 | $5.43M | 2.90% | −104,030−20.6% | Reduced |
| Condor Capital Management | 373,818 | $5.07M | 0.41% | +9,349+2.6% | Added |
| Shikiar Asset Management Inc | 373,240 | $5.07M | 1.26% | −32,475−8.0% | Reduced |
| Denali Advisors LLC | 372,620 | $5.06M | 0.56% | −60,635−14.0% | Reduced |
| Neuberger Berman Group LLC | 372,321 | $5.05M | 0.00% | −17,551−4.5% | Reduced |
| Hennion & Walsh Asset Management, Inc. | 371,814 | $5.05M | 0.17% | −60,700−14.0% | Reduced |
| Advisors Capital Management, LLC | 370,769 | $5.03M | 0.06% | +12,602+3.5% | Added |
| Russell Investments Group, Ltd. | 360,576 | $4.89M | 0.01% | +360,576 | New |
| Advisors Asset Management, Inc. | 355,138 | $4.82M | 0.08% | +24,450+7.4% | Added |
| Tranquility Partners, LLC | 353,494 | $4.80M | 1.73% | +4,115+1.2% | Added |
| Brown Advisory Inc | 347,590 | $4.72M | 0.01% | −220,390−38.8% | Reduced |
| Confluence Investment Management LLC | 345,905 | $4.69M | 0.07% | −21,841−5.9% | Reduced |
| Great West Life Assurance Co | 345,633 | $4.69M | 0.01% | +14,547+4.4% | Added |
| Castlekeep Investment Advisors LLC | 335,161 | $4.55M | 2.06% | −42,228−11.2% | Reduced |
| CF Capital LLC | 326,106 | $4.43M | 2.20% | +276,106+552.2% | Added |
| State Street Corp | 323,855 | $4.39M | 0.00% | +62,512+23.9% | Added |
| Wiley Bros.-Aintree Capital, LLC | 322,032 | $4.37M | 0.02% | +25,148+8.5% | Added |
| XTX Topco Ltd | 319,407 | $4.33M | 0.11% | +319,407 | New |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 301,112 | $4.09M | 0.01% | +47,752+18.8% | Added |
| D.A. Davidson & Co. | 300,580 | $4.08M | 0.02% | +7,053+2.4% | Added |
| D. E. Shaw & Co., Inc. | 287,334 | $3.90M | 0.00% | +287,334 | New |
| Robertson Stephens Wealth Management, LLC | 271,290 | $3.68M | 0.10% | +271,290 | New |
| Jane Street Group, LLC | 267,002 | $3.62M | 0.00% | +267,002 | New |
| SCS Capital Management LLC | 264,231 | $3.59M | 0.04% | −83,840−24.1% | Reduced |
| First National Trust Co | 264,177 | $3.58M | 0.12% | 00.0% | Unchanged |
| Anchor Investment Management, LLC | 263,995 | $3.58M | 0.29% | −21,580−7.6% | Reduced |
| BNP Paribas Arbitrage, SA | 259,828 | $3.53M | 0.00% | +6,908+2.7% | Added |
| Mercer Global Advisors Inc | 249,360 | $3.38M | 0.01% | +70,011+39.0% | Added |
| Cura Wealth Advisors, LLC | 247,700 | $3.36M | 1.27% | +13,000+5.5% | Added |
| Next Capital Management LLC | 244,213 | $3.31M | 1.06% | 00.0% | Unchanged |
| Tred Avon Family Wealth, LLC | 243,454 | $3.30M | 1.07% | +3,928+1.6% | Added |
| Truvestments Capital LLC | 236,746 | $3.21M | 0.58% | −7,978−3.3% | Reduced |
| Snowden Capital Advisors LLC | 220,186 | $2.99M | 0.08% | +12,667+6.1% | Added |
| Naviter Wealth, LLC | 218,463 | $2.96M | 0.39% | −59,818−21.5% | Reduced |
| Parallel Advisors, LLC | 217,714 | $2.95M | 0.05% | −23,418−9.7% | Reduced |
| United Advisor Group, LLC | 215,135 | $2.92M | 0.37% | −5,615−2.5% | Reduced |
| Advisor OS, LLC | 208,861 | $2.83M | 0.23% | +5,662+2.8% | Added |
| GraniteShares Advisors LLC | 199,627 | $2.71M | 1.65% | −2,958−1.5% | Reduced |
| Ieq Capital, LLC | 194,234 | $2.64M | 0.01% | +25,386+15.0% | Added |
| Prelude Capital Management, LLC | 175,000 | $2.37M | 0.17% | −1,786−1.0% | Reduced |
| Envestnet Asset Management Inc | 167,673 | $2.28M | 0.00% | +17,762+11.8% | Added |
| Merit Financial Group, LLC | 160,434 | $2.18M | 0.02% | 00.0% | Unchanged |
| Bank of New York Mellon Corp | 159,985 | $2.17M | 0.00% | +6,874+4.5% | Added |
| Quantbot Technologies LP | 152,678 | $2.07M | 0.07% | +137,725+921.1% | Added |
| Waterloo Capital, L.P. | 151,031 | $2.05M | 0.15% | +4,240+2.9% | Added |
| Caxton Associates LLP | 147,673 | $2.00M | 0.04% | +147,673 | New |
| Adams Asset Advisors, LLC | 146,834 | $1.99M | 0.26% | −7,143−4.6% | Reduced |
| Texas Yale Capital Corp. | 146,619 | $1.99M | 0.06% | −9,457−6.1% | Reduced |
| Balyasny Asset Management LLC | 138,477 | $1.88M | 0.00% | +138,477 | New |
| Silverberg Bernstein Capital Management LLC | 128,100 | $1.74M | 1.00% | +8,600+7.2% | Added |
| Onyx Bridge Wealth Group LLC | 127,055 | $1.72M | 0.18% | +3,895+3.2% | Added |
| First Trust Advisors LP | 124,270 | $1.69M | 0.00% | −182,135−59.4% | Reduced |
| HB Wealth Management, LLC | 123,645 | $1.68M | 0.01% | −125,754−50.4% | Reduced |
| General Partner, Inc. | 123,041 | $1.67M | 0.95% | 00.0% | Unchanged |