Golub Capital BDCGBDC
13F holders, Q2 2025 (June 30)At the end of Q2 2025, 320 institutions reported holding Golub Capital BDC Inc. (GBDC) in their 13F filings, down 17 from Q1 2025. 28 opened new positions and 45 sold out. The largest holders were STRS Ohio ($231.3M), Union Bancaire Privee, UBP SA ($87.5M) and Van Eck Associates Corp. ($65.1M). 2 famous investors held it, including Israel Englander (0.0% of Millennium Management's portfolio) and David E. Shaw (0.0% of D. E. Shaw & Co.'s portfolio).
- Company
- Golub Capital BDC Inc.
- CUSIP
- 38173M102
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q1 2025 → Q2 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 28 | $14.0M |
| Exits | 45 | $76.9M |
All 13F filers, Q1 2025 → Q2 2025: 7,844,528 shares bought and 13,693,372 shares sold, net −5,848,844 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 320 holders
| STRS Ohio | 0.86% | Add +2.6% | 15,787,656 | $231.3M |
| Union Bancaire Privee, UBP SA | 1.29% | Add +5.1% | 41,919 | $87.5M |
| Van Eck Associates Corp. | 0.07% | Add +3.3% | 4,442,093 | $65.1M |
| Allen Investment Management, LLC | 0.68% | Add +2.5% | 4,238,538 | $62.1M |
| Northeast Financial Consultants Inc | 2.33% | Reduce -5.7% | 3,887,089 | $56.9M |
| Bank of America Corp. | 0.00% | Add +5.8% | 3,621,790 | $53.1M |
| Sound Income Strategies, LLC | 2.78% | Add +4.1% | 3,313,649 | $48.5M |
| Sage Mountain Advisors LLC | 2.89% | Add +10.5% | 3,033,453 | $44.4M |
| Rockefeller Capital Management L.P. | 0.09% | Reduce -30.5% | 2,806,192 | $41.1M |
| Morgan Stanley | 0.00% | Add +9.7% | 2,633,017 | $38.6M |
| Ares Management LLC | 1.93% | Add +2.9% | 2,571,210 | $37.7M |
| Generali Asset Management SPA SGR | 0.84% | Add +39.6% | 2,512,705 | $36.8M |
| JPMorgan Chase & Co. | 0.00% | Add +3.4% | 2,422,672 | $35.5M |
| UBS Group AG | 0.01% | Add +90.8% | 2,408,886 | $35.3M |
| OMERS ADMINISTRATION Corp | 0.27% | Add +2.6% | 2,354,112 | $34.5M |
| Legal & General Group Plc | 0.01% | Add +1.7% | 1,891,937 | $27.7M |
| BlackRock, Inc. | 0.00% | Add +29.3% | 1,637,858 | $24.0M |
| Corient Private Wealth LP | 0.03% | Reduce -63.6% | 1,530,063 | $22.4M |
| Arnhold LLC | 1.93% | No change | 1,447,589 | $21.2M |
| Millennium Management | 0.02% | Reduce -13.8% | 1,317,151 | $19.3M |
| MAI Capital Management | 0.13% | Reduce -4.7% | 1,310,340 | $19.2M |
| Muzinich & Co., Inc. | 8.22% | Add +31.5% | 1,228,122 | $18.0M |
| LSV Asset Management | 0.04% | Reduce -1.1% | 1,223,018 | $17.9M |
| Franklin Resources Inc. | 0.00% | Add +17.5% | 1,215,570 | $17.8M |
| Cerity Partners LLC | 0.03% | Reduce -21.2% | 1,175,351 | $17.2M |
| Boston Partners | 0.02% | Add +1.5% | 1,136,713 | $16.7M |
| Sumitomo Mitsui Trust Group, Inc. | 0.01% | Add +17.1% | 1,080,551 | $15.8M |
| Border to Coast Pensions Partnership Ltd | 0.23% | Add +6.3% | 850,000 | $12.5M |
| Captrust Financial Advisors | 0.03% | Reduce -9.1% | 820,643 | $12.0M |
| Sigma Investment Counselors Inc. | 0.65% | Add +10.9% | 800,915 | $11.7M |
| Bank of Montreal | 0.01% | Add +211.8% | 726,187 | $10.6M |
| LGT Capital Partners LTD. | 0.45% | Reduce -22.7% | 696,000 | $10.2M |
| HighTower Advisors, LLC | 0.01% | Reduce -4.5% | 666,635 | $9.8M |
| Wells Fargo & Company | 0.00% | Add +13.7% | 565,992 | $8.3M |
| Denali Advisors LLC | 0.83% | Reduce -2.2% | 542,148 | $7.9M |
| Callodine Capital Management, LP | 0.79% | Reduce -0.7% | 521,238 | $7.6M |
| Granite FO LLC | 4.19% | No change | 504,535 | $7.4M |
| Neuberger Berman Group LLC | 0.01% | Reduce -2.4% | 468,678 | $6.9M |
| Qube Research & Technologies Ltd | 0.01% | Reduce -42.8% | 467,317 | $6.8M |
| Stifel Financial Corp. | 0.01% | Add +0.9% | 464,882 | $6.8M |
| Lido Advisors, LLC | 0.04% | Add +67.4% | 452,735 | $6.6M |
| Confluence Investment Management LLC | 0.09% | Add +29.0% | 451,191 | $6.6M |
| Shikiar Asset Management Inc. | 1.99% | Reduce -0.5% | 443,605 | $6.5M |
| LPL Financial LLC | 0.00% | Reduce -0.4% | 422,455 | $6.2M |
| Hennion & Walsh Asset Management, Inc. | 0.24% | Add +22.1% | 402,458 | $5.9M |
| SCS Capital Management LLC | 0.06% | Reduce -6.1% | 397,201 | $5.8M |
| Raymond James Financial Inc. | 0.00% | Add +0.1% | 381,458 | $5.6M |
| M Holdings Securities, Inc. | 0.93% | Add +6.0% | 369,488 | $5.4M |
| Tranquility Partners, LLC | 1.84% | Reduce -0.0% | 351,692 | $5.2M |
| Condor Capital Management | 0.45% | Add +2.6% | 351,113 | $5.1M |
| Prairiewood Capital, LLC | 1.85% | Add +6.2% | 341,092 | $5.0M |
| Castlekeep Investment Advisors LLC | 2.44% | Reduce -0.6% | 340,352 | $5.0M |
| Pathstone Holdings, LLC | 0.02% | Reduce -0.4% | 335,053 | $4.9M |
| Citigroup Inc. | 0.00% | Reduce -4.7% | 331,207 | $4.9M |
| Advisors Capital Management, LLC | 0.07% | Add +1.3% | 330,628 | $4.8M |
| Arax Advisory Partners | 0.22% | New | 325,200 | $4.8M |
| D.A. Davidson & Co. | 0.03% | Add +5.0% | 318,133 | $4.7M |
| Advisors Asset Management, Inc. | 0.08% | Add +67.6% | 295,705 | $4.3M |
| &partners | 0.03% | Add +1.3% | 290,402 | $4.3M |
| Anchor Investment Management, LLC | 0.36% | Add +0.4% | 280,435 | $4.1M |
| Naviter Wealth, LLC | 0.50% | Add +17.8% | 279,449 | $4.1M |
| Next Capital Management LLC | 1.51% | Reduce -18.5% | 279,444 | $4.1M |
| First Trust Advisors LP | 0.00% | Reduce -13.7% | 275,353 | $4.0M |
| Truvestments Capital LLC | 0.80% | Reduce -0.1% | 273,490 | $4.0M |
| CANADA LIFE ASSURANCE Co | 0.01% | Add +4.1% | 265,077 | $3.9M |
| BNP Paribas Financial Markets | 0.00% | Add +14.4% | 264,428 | $3.9M |
| First National Trust Co | 0.14% | No change | 264,177 | $3.9M |
| Eagle Bay Advisors LLC | 3.16% | Add +0.3% | 261,033 | $3.8M |
| State Street Corp. | 0.00% | Add +257.8% | 254,131 | $3.7M |
| Atria Investments, Inc | 0.04% | Reduce -40.2% | 253,965 | $3.7M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.01% | Add +0.1% | 253,360 | $3.7M |
| Cura Wealth Advisors, LLC | 1.70% | Reduce -7.0% | 249,900 | $3.7M |
| Parallel Advisors, LLC | 0.07% | Add +10.5% | 241,741 | $3.5M |
| New England Asset Management Inc. | 0.55% | No change | 232,876 | $3.4M |
| United Advisor Group, LLC | 0.54% | Add +4.4% | 214,488 | $3.1M |
| Snowden Capital Advisors LLC | 0.09% | Reduce -1.0% | 207,738 | $3.0M |
| Advisor OS, LLC | 0.29% | Add +2.5% | 197,991 | $2.9M |
| HB Wealth Management, LLC | 0.02% | Reduce -22.8% | 193,875 | $2.8M |
| NorthCoast Asset Management LLC | 0.01% | Add +186.3% | 186,752 | $2.7M |
| GraniteShares Advisors LLC | 1.66% | Add +6.7% | 184,735 | $2.7M |
| 1832 Asset Management L.P. | 0.00% | No change | 184,492 | $2.7M |
| OneAscent Financial Services LLC | 0.18% | Reduce -67.9% | 176,439 | $2.6M |
| Prelude Capital Management, LLC | 0.25% | Reduce -0.1% | 175,000 | $2.6M |
| Steel Grove Capital Advisors, LLC | 0.29% | New | 166,740 | $2.4M |
| Merit Financial Group, LLC | 0.03% | Reduce -45.8% | 160,434 | $2.4M |
| Texas Yale Capital Corp. | 0.08% | Reduce -7.5% | 160,089 | $2.3M |
| Royal Bank of Canada | 0.00% | Add +18.4% | 155,707 | $2.3M |
| Ieq Capital, LLC | 0.01% | Reduce -17.0% | 152,195 | $2.2M |
| Bank of New York Mellon Corp | 0.00% | Add +0.1% | 148,900 | $2.2M |
| Jump Financial, LLC | 0.03% | New | 147,119 | $2.2M |
| Envestnet Asset Management Inc. | 0.00% | Reduce -51.6% | 146,434 | $2.1M |
| Waterloo Capital, L.P. | 0.17% | Add +9.9% | 140,616 | $2.1M |
| Adams Asset Advisors, LLC | 0.29% | Add +71.8% | 137,723 | $2.0M |
| Two Sigma Advisers, LP | 0.00% | Reduce -74.6% | 134,500 | $2.0M |
| EP Wealth Advisors, LLC | 0.01% | Reduce -10.2% | 131,034 | $1.9M |
| Independent Financial Group, LLC | 0.05% | Add +18.0% | 127,779 | $1.9M |
| General Partner, Inc. | 1.06% | No change | 123,041 | $1.8M |
| Mariner, LLC | 0.00% | Add +41.0% | 121,320 | $1.8M |
| Commonwealth Equity Services, LLC | 0.00% | Add +4.4% | 120,689 | $1.8M |
| Brown Advisory Inc. | 0.00% | Reduce -60.0% | 119,246 | $1.7M |
| LRI Investments, LLC | 0.15% | No change | 118,986 | $1.7M |
| Onyx Bridge Wealth Group LLC | 0.22% | Add +2.0% | 115,949 | $1.7M |
| Legacy Capital Wealth Partners, LLC | 0.36% | Reduce -2.9% | 107,781 | $1.6M |
| Quantinno Capital Management LP | 0.01% | Add +371.8% | 95,933 | $1.4M |
| Mercer Global Advisors Inc. | 0.00% | Add +77.5% | 92,004 | $1.3M |
| Wilmington Savings Fund Society, FSB | 0.02% | No change | 91,056 | $1.3M |
| Northern Trust Corp. | 0.00% | New | 90,145 | $1.3M |
| Global Endowment Management, LP | 0.18% | Add +12.5% | 90,000 | $1.3M |
| Silverberg Bernstein Capital Management LLC | 0.87% | Add +36.4% | 86,200 | $1.3M |
| Janney Montgomery Scott LLC | 0.00% | Reduce -28.4% | 85,833 | $1.3M |
| Two Sigma Investments, LP | 0.00% | Reduce -80.3% | 82,696 | $1.2M |
| Simon Quick Advisors, LLC | 0.06% | Reduce -0.0% | 81,633 | $1.2M |
| J. Safra Sarasin Holding AG | 0.02% | No change | 80,000 | $1.2M |
| Tidal Investments LLC | 0.01% | Add +2.3% | 79,660 | $1.2M |
| Greenland Capital Management LP | 0.16% | Reduce -25.1% | 79,421 | $1.2M |
| Abundance Wealth Counselors | 0.21% | Add +9.9% | 76,558 | $1.1M |
| Signaturefd, LLC | 0.02% | Reduce -17.8% | 75,686 | $1.1M |
| Global Wealth Management Investment Advisory, Inc. | 0.20% | Add +6.2% | 74,188 | $1.1M |
| Wealthedge Investment Advisors, LLC | 0.45% | Reduce -39.3% | 72,995 | $1.1M |
| Sanctuary Advisors, LLC | 0.01% | Reduce -0.4% | 70,700 | $1.0M |
| Cetera Investment Advisers | 0.00% | Reduce -37.1% | 70,297 | $1.0M |
| Albion Financial Group | 0.07% | Add +5.7% | 69,834 | $1.0M |
| Edgemoor Investment Advisors, Inc. | 0.09% | Reduce -1.4% | 69,215 | $1.0M |
| Generali Investments CEE, investicni spolecnost, a.s. | 0.08% | Add +5.0% | 68,630 | $1.0M |
| Whipplewood Advisors, LLC | 0.54% | Add +14788.9% | 67,149 | $984K |
| AMG National Trust Bank | 0.03% | No change | 67,139 | $984K |
| Barclays PLC | 0.00% | No change | 64,432 | $944K |
| Goldman Sachs Group Inc. | 0.00% | Reduce -22.1% | 64,065 | $939K |
| Family Manage LLC | 0.14% | Reduce -9.7% | 63,833 | $935K |
| Ameriprise Financial Inc. | 0.00% | Reduce -7.5% | 64,186 | $928K |
| Chicago Partners Investment Group LLC | 0.03% | Add +1.7% | 58,032 | $898K |
| NewEdge Advisors, LLC | 0.00% | Add +36.0% | 59,194 | $867K |
| Accurate Wealth Management, LLC | 0.13% | Add +11.2% | 55,590 | $839K |
| Evoke Wealth, LLC | 0.02% | No change | 56,153 | $823K |
| Manufacturers Life Insurance Company, The | 0.00% | Add +8.3% | 53,992 | $791K |
| Neville Rodie & Shaw Inc. | 0.06% | Reduce -14.4% | 53,238 | $780K |
| Amplius Wealth Advisors, LLC | 0.07% | Add +2.0% | 52,158 | $764K |
| Triumph Capital Management | 0.23% | Add +2.0% | 52,018 | $762K |
| Virtus Investment Advisers, LLC | 0.25% | Reduce -18.6% | 51,340 | $752K |
| IFC Advisors LLC | 0.14% | Add +4.1% | 50,417 | $739K |
| Evercore Wealth Management, LLC | 0.01% | Add +1.2% | 49,838 | $730K |
| Magnolia Capital Advisors LLC | 0.18% | Add +18.7% | 48,891 | $716K |
| Apollon Wealth Management, LLC | 0.01% | Add +21.5% | 47,769 | $700K |
| Invesco Ltd. | 0.00% | Reduce -44.5% | 47,361 | $694K |
| Riverbridge Partners LLC | 0.01% | Add +3.6% | 45,840 | $672K |
| Wedbush Securities Inc. | 0.02% | Add +5.8% | 45,381 | $665K |
| Pallas Capital Advisors LLC | 0.03% | Add +3.0% | 45,346 | $664K |
| Arcus Capital Partners, LLC | 0.29% | Add +2.4% | 45,010 | $659K |
| Geneos Wealth Management Inc. | 0.02% | Add +5.0% | 44,036 | $645K |
| Blair William & Co. | 0.00% | No change | 43,826 | $642K |
| Nations Financial Group Inc, /Ia/ | 0.04% | Reduce -2.3% | 43,167 | $632K |
| OneAscent Investment Solutions LLC | 0.67% | Reduce -1.7% | 42,634 | $625K |
| Mackenzie Financial Corp. | 0.00% | Add +25.1% | 41,210 | $604K |
| Cresset Asset Management, LLC | 0.00% | Reduce -44.8% | 40,532 | $594K |
| Manchester Capital Management LLC | 0.08% | Add +49.2% | 39,980 | $586K |
| Keel Point, LLC | 0.04% | Add +2.7% | 39,845 | $584K |
| Pasadena Private Wealth, LLC | 0.10% | Add +5.8% | 38,100 | $558K |
| ProShare Advisors LLC | 0.00% | Reduce -5.0% | 37,876 | $555K |
| Guggenheim Capital LLC | 0.00% | Add +6.4% | 37,616 | $551K |
| Osaic Holdings, Inc. | 0.00% | Reduce -42.6% | 37,160 | $544K |
| HRT Financial LP | 0.00% | Reduce -71.5% | 37,164 | $544K |
| Moors & Cabot, Inc. | 0.03% | Add +1.1% | 37,008 | $542K |
| Brown Brothers Harriman & Co. | 0.00% | No change | 36,667 | $537K |
| Steward Partners Investment Advisory, LLC | 0.00% | Add +16.4% | 36,645 | $537K |
| NBT Bank, N.A. | 0.04% | Reduce -22.3% | 35,987 | $527K |
| Douglass Winthrop Advisors, LLC | 0.01% | No change | 35,987 | $527K |
| Mandatum Life Insurance Co Ltd | 0.14% | Reduce -23.4% | 35,566 | $521K |
| Family Wealth Partners, LLC | 0.21% | Add +83.1% | 35,356 | $518K |
| Focus Partners Advisor Solutions, LLC | 0.01% | Add +83.1% | 35,356 | $518K |
| Oppenheimer & Co. Inc. | 0.01% | Reduce -11.9% | 34,605 | $507K |
| Ascentis Independent Advisors | 0.09% | No change | 34,564 | $506K |
| RDA Financial Network | 0.14% | Reduce -3.9% | 34,367 | $503K |
| Trust Co. of Vermont | 0.02% | No change | 34,355 | $503K |
| Nicholas Hoffman & Company, LLC. | 0.01% | Reduce -2.3% | 32,467 | $476K |
| MML Investors Services, LLC | 0.00% | Reduce -4.5% | 32,361 | $474K |
| Essex Financial Services, Inc. | 0.03% | Add +30.1% | 32,208 | $472K |
| Ethos Financial Group, LLC | 0.04% | Add +17.9% | 31,071 | $455K |
| OneAscent Wealth Management LLC | 0.17% | Reduce -92.3% | 30,725 | $450K |
| Delphi Management Inc. | 0.42% | Reduce -1.8% | 29,898 | $438K |
| New World Advisors LLC | 0.09% | Add +15.0% | 29,314 | $429K |
| Manhattan West Asset Management, LLC | 0.10% | No change | 28,448 | $417K |
| Kelleher Financial Advisors | 0.14% | Add +1.1% | 27,815 | $407K |
| Klingman & Associates, LLC | 0.02% | Reduce -17.1% | 27,788 | $407K |
| Summit Financial, LLC | 0.01% | Reduce -3.8% | 26,409 | $387K |
| Oxford Asset Management LLP | 0.13% | New | 26,201 | $384K |
| Avantax Advisory Services, Inc. | 0.00% | Add +9.4% | 25,340 | $371K |
| Clearstead Advisors, LLC | 0.01% | Add +3.8% | 25,328 | $371K |
| Empowered Funds, LLC | 0.00% | Reduce -8.3% | 25,127 | $368K |
| CWA Asset Management Group, LLC | 0.02% | New | 25,005 | $366K |
| Penbrook Management LLC | 0.27% | Reduce -26.3% | 24,955 | $366K |
| Evergreen Capital Management LLC | 0.01% | Reduce -1.8% | 24,847 | $364K |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Reduce -39.8% | 24,584 | $360K |
| AlphaCore Capital LLC | 0.01% | Add +45.3% | 24,508 | $359K |
| M&T Bank Corp | 0.00% | No change | 24,397 | $357K |
| Freedom Investment Management, Inc. | 0.03% | Reduce -0.1% | 23,164 | $339K |
| Promethium Advisors,llc | 0.20% | Add +2.3% | 22,600 | $331K |
| 5T Wealth, LLC | 0.17% | Reduce -6.2% | 22,391 | $328K |
| Port Capital LLC | 0.01% | No change | 22,000 | $322K |
| Foundations Investment Advisors, LLC | 0.01% | Reduce -24.3% | 21,461 | $314K |
| Vident Advisory, LLC | 0.00% | Add +37.0% | 21,411 | $314K |
| Joel Isaacson & Co., LLC | 0.01% | Add +0.0% | 21,192 | $310K |
| Cary Street Partners Financial LLC | 0.01% | Add +1.4% | 21,106 | $309K |
| CIBC Private Wealth Group LLC | 0.00% | Reduce -47.1% | 20,997 | $308K |
| Squarepoint Ops LLC | 0.00% | Reduce -12.4% | 20,954 | $307K |
| Plancorp, LLC | 0.01% | No change | 20,076 | $294K |
| Northstar Group, Inc. | 0.05% | No change | 19,788 | $290K |
| Modera Wealth Management, LLC | 0.00% | Reduce -6.2% | 19,690 | $288K |
| Vise Technologies, Inc. | 0.01% | — | 19,679 | $288K |
| Private Advisor Group, LLC | 0.00% | Reduce -51.5% | 19,514 | $286K |
| Beverly Hills Private Wealth, LLC | 0.05% | Reduce -14.6% | 19,316 | $283K |
| Wealthspire Advisors, LLC | 0.00% | Reduce -1.1% | 19,287 | $283K |
| GRIMES & Co WEALTH MANAGEMENT, LLC | 0.01% | Reduce -27.8% | 19,005 | $278K |
| AdvisorNet Financial, Inc | 0.02% | Add +12.0% | 18,636 | $273K |
| Truist Financial Corp. | 0.00% | Reduce -46.5% | 18,568 | $272K |
| AXA S.A. | 0.00% | No change | 18,470 | $271K |
| Dynamic Advisor Solutions LLC | 0.01% | Reduce -12.7% | 18,446 | $270K |
| Jane Street Group, LLC | 0.00% | Reduce -35.8% | 18,296 | $268K |
| National Philanthropic Trust | 0.00% | No change | 18,116 | $265K |
| Navellier & Associates Inc. | 0.03% | Reduce -0.8% | 18,030 | $264K |
| GatePass Capital, LLC | 0.18% | No change | 18,000 | $264K |
| MAS Advisors LLC | 0.41% | Add +3.9% | 17,279 | $253K |
| Brevan Howard Capital Management LP | 0.00% | New | 17,108 | $251K |
| Serenus Wealth Advisors, LLC | 0.04% | No change | 17,068 | $250K |
| Castle Wealth Management LLC | 0.09% | New | 17,027 | $249K |
| Dynamic Technology Lab Private Ltd | 0.03% | New | 15,830 | $232K |
| Columbia Advisory Partners LLC | 0.17% | No change | 15,348 | $225K |
| Concurrent Investment Advisors, LLC | 0.00% | New | 15,334 | $225K |
| Quent Capital, LLC | 0.02% | No change | 15,311 | $224K |
| D. E. Shaw & Co. | 0.00% | Reduce -75.1% | 15,264 | $224K |
| Core Wealth Partners LLC | 0.11% | No change | 15,060 | $221K |
| Ironsides Asset Advisors, LLC | 0.06% | Add +13.1% | 14,642 | $215K |
| Beaumont Financial Advisors, LLC | 0.02% | Add +1.9% | 14,356 | $210K |
| Ancora Advisors LLC | 0.00% | Add +29.0% | 14,165 | $208K |
| Mattern Wealth Management LLC | 0.04% | No change | 14,000 | $205K |
| Bank Pictet & Cie (Europe) AG | 0.00% | Add +2.6% | 13,847 | $203K |
| Focus Partners Wealth | 0.00% | Reduce -59.4% | 13,538 | $198K |
| Blueshift Asset Management, LLC | 0.06% | New | 12,954 | $190K |
| Signature Wealth Management Partners, LLC | 0.11% | Add +15.7% | 12,920 | $189K |
| Nomura Asset Management Co. Ltd. | 0.00% | Reduce -20.7% | 12,716 | $186K |
| EMC Capital Management | 0.10% | Reduce -25.6% | 12,729 | $186K |
| Equitable Holdings, Inc. | 0.00% | Reduce -20.6% | 12,625 | $185K |
| Two Sigma Securities, LLC | 0.02% | New | 12,560 | $184K |
| CFO4Life Group, LLC | 0.03% | Add +2.3% | 12,451 | $182K |
| International Assets Investment Management, LLC | 0.01% | Add +179.9% | 31,118 | $182K |
| Pine Valley Investments Ltd Liability Co | 0.01% | No change | 12,415 | $182K |
| Creative Planning | 0.00% | Reduce -84.1% | 12,375 | $181K |
| Comerica Bank | 0.00% | Reduce -2.4% | 12,208 | $179K |
| Romano Brothers and Company | 0.02% | No change | 12,125 | $178K |
| Kensington Investment Counsel, LLC | 0.08% | No change | 11,966 | $175K |
| Ausdal Financial Partners, Inc. | 0.01% | New | 11,961 | $175K |
| Perigon Wealth Management, LLC | 0.00% | Add +9.0% | 11,894 | $174K |
| Cornerstone Wealth Management, LLC | 0.01% | Reduce -10.0% | 11,777 | $173K |
| O'ROURKE & COMPANY, Inc | 0.08% | Add +1.0% | 11,737 | $172K |
| Williams Jones Wealth Management, LLC. | 0.00% | No change | 11,717 | $172K |
| Comprehensive Money Management Services LLC | 0.13% | Add +8.7% | 11,600 | $170K |
| Focused Wealth Management, Inc | 0.02% | Add +2.6% | 11,310 | $166K |
| Gsa Capital Partners LLP | 0.01% | Reduce -70.2% | 11,116 | $163K |
| Eagle Global Advisors LLC | 0.01% | No change | 11,010 | $161K |
| Global Assets Advisory, LLC | 0.06% | New | 11,105 | $161K |
| Kestra Advisory Services, LLC | 0.00% | New | 10,720 | $157K |
| Crestwood Advisors Group, LLC | 0.00% | New | 10,414 | $153K |
| US Bancorp \de | 0.00% | Add +0.4% | 10,382 | $152K |
| CAP Partners, LLC | 0.09% | New | 10,215 | $150K |
| Colton Groome Financial Advisors, LLC | 0.05% | New | 10,165 | $149K |
| Arista Wealth Management, LLC | 0.02% | New | 10,000 | $147K |
| Cardiff Park Advisors, LLC | 0.01% | No change | 10,000 | $147K |
| UMB Bank, n.a. | 0.00% | No change | 8,826 | $129K |
| Mirae Asset Global Investments Co., Ltd. | 0.00% | Reduce -44.2% | 8,000 | $117K |
| Blue Trust, Inc. | 0.00% | Add +31.8% | 7,908 | $116K |
| Strategic Wealth Partners, Ltd. | 0.01% | — | 7,457 | $109K |
| Creative Financial Designs Inc. | 0.01% | No change | 6,936 | $102K |
| Toronto Dominion Bank | 0.00% | Add +2.6% | 5,128 | $75K |
| AlphaQuest LLC | 0.01% | Reduce -30.9% | 4,882 | $72K |
| Parkside Financial Bank & Trust | 0.01% | Reduce -0.7% | 3,782 | $55K |
| Promus Capital, LLC | 0.03% | No change | 3,400 | $50K |
| Hurley Capital, LLC | 0.03% | No change | 3,238 | $47K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Reduce -76.5% | 3,162 | $46K |
| Optiver Holding B.V. | 0.00% | No change | 3,087 | $45K |
| Future Financial Wealth Managment LLC | 0.03% | Add +0.8% | 3,015 | $44K |
| Quarry LP | 0.01% | Add +26.4% | 2,834 | $42K |
| IFP Advisors, Inc | 0.00% | Add +1.3% | 2,829 | $41K |
| MTM Investment Management, LLC | 0.01% | New | 2,800 | $41K |
| First Horizon Advisors, Inc. | 0.00% | New | 2,789 | $41K |
| VSM Wealth Advisory, LLC | 0.01% | Add +2.6% | 2,633 | $39K |
| BI Asset Management Fondsmaeglerselskab A/S | 0.00% | No change | 2,494 | $37K |
| Allworth Financial LP | 0.00% | Add +116.8% | 2,192 | $32K |
| Private Trust Co. NA | 0.00% | No change | 2,000 | $29K |
| Spire Wealth Management | 0.00% | No change | 1,796 | $26K |
| Harbor Asset Planning, Inc. | 0.02% | — | 1,599 | $23K |
| Evolution Wealth Management Inc. | 0.02% | — | 1,218 | $18K |
| Silicon Valley Capital Partners | 0.00% | No change | 1,202 | $18K |
| Tower Research Capital LLC (TRC) | 0.00% | Add +240.8% | 1,002 | $15K |
| Westend Capital Management, LLC | 0.00% | No change | 970 | $14K |
| Valley National Advisers Inc. | 0.00% | No change | 1,000 | $14K |
| Global Retirement Partners, LLC | 0.00% | — | 820 | $12K |
| Beacon Capital Management, LLC | 0.00% | Add +2.7% | 604 | $9K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +29.1% | 585 | $9K |
| Rothschild Investment LLC | 0.00% | No change | 500 | $7K |
| Federation des caisses Desjardins du Quebec | 0.00% | No change | 500 | $7K |
| Crewe Advisors LLC | 0.00% | Add +147.5% | 495 | $7K |
| Quest 10 Wealth Builders, Inc. | 0.01% | New | 473 | $7K |
| FMR LLC | 0.00% | Add +340.6% | 445 | $7K |
| Pin Oak Investment Advisors Inc. | 0.01% | No change | 460 | $6K |
| Simplex Trading, LLC | 0.00% | Reduce -94.6% | 472 | $6K |
| Aventura Private Wealth, LLC | 0.00% | No change | 355 | $5K |
| Sunbelt Securities, Inc. | 0.00% | Add +0.0% | 314 | $5K |
| GHP Investment Advisors, Inc. | 0.00% | Add +2.9% | 322 | $5K |
| Delta Asset Management LLC | 0.00% | No change | 310 | $5K |
| Headlands Technologies LLC | 0.00% | New | 252 | $4K |
| Essential Partners LLC | 0.00% | — | 200 | $3K |
| Costello Asset Management, INC | 0.00% | Reduce -33.3% | 200 | $3K |
| Glen Eagle Advisors, LLC | 0.00% | Add +2.7% | 193 | $3K |
| Assetmark, Inc. | 0.00% | New | 193 | $3K |
| Kilter Group LLC | 0.00% | New | 181 | $3K |
| Harbour Investments, Inc. | 0.00% | New | 123 | $2K |
| Smartleaf Asset Management LLC | 0.00% | New | 114 | $2K |
| Bruce G. Allen Investments, LLC | 0.00% | No change | 39 | $571 |
| Caitong International Asset Management Co., Ltd | 0.00% | Reduce -98.8% | 9 | $132 |
| Cwm, LLC | 0.00% | New | 25 | $0 |
| Avion Wealth | 0.00% | No change | 13 | $0 |
"% of holder's portfolio" is GBDC's weight in each manager's 13F, not the share of Golub Capital BDC Inc. the manager owns.