Golub Capital BDCGBDC
13F holders, Q3 2025 (September 30)At the end of Q3 2025, 330 institutions reported holding Golub Capital BDC Inc. (GBDC) in their 13F filings, up 10 from Q2 2025. 41 opened new positions and 34 sold out. The largest holders were STRS Ohio ($222.3M), Corient Private Wealth LP ($83.3M) and Union Bancaire Privee, UBP SA ($70.5M). 2 famous investors held it, including Israel Englander (0.0% of Millennium Management's portfolio) and Cliff Asness (0.0% of AQR Capital Management's portfolio).
- Company
- Golub Capital BDC Inc.
- CUSIP
- 38173M102
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 41 | $20.6M |
| Exits | 34 | $29.4M |
All 13F filers, Q2 2025 → Q3 2025: 13,773,559 shares bought and 5,585,415 shares sold, net +8,188,144 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 330 holders
| STRS Ohio | 0.81% | Add +2.9% | 16,237,782 | $222.3M |
| Corient Private Wealth LP | 0.13% | Add +297.8% | 6,087,053 | $83.3M |
| Union Bancaire Privee, UBP SA | 1.01% | Reduce -18.4% | 34,204 | $70.5M |
| Van Eck Associates Corp. | 0.06% | Add +9.0% | 4,843,816 | $66.3M |
| Allen Investment Management, LLC | 0.63% | Reduce -1.5% | 4,173,466 | $57.1M |
| Bank of America Corp. | 0.00% | Add +5.7% | 3,829,788 | $52.4M |
| Sound Income Strategies, LLC | 2.49% | Add +2.0% | 3,378,657 | $45.6M |
| Sage Mountain Advisors LLC | 2.38% | Reduce -0.2% | 3,028,489 | $41.5M |
| Rockefeller Capital Management L.P. | 0.08% | Add +5.9% | 2,971,111 | $40.7M |
| Generali Asset Management SPA SGR | 0.77% | Add +4.7% | 2,630,739 | $36.0M |
| Ares Management LLC | 1.61% | No change | 2,571,210 | $35.2M |
| JPMorgan Chase & Co. | 0.00% | Add +5.2% | 2,548,553 | $34.9M |
| HighTower Advisors, LLC | 0.04% | Add +279.4% | 2,529,267 | $34.6M |
| OMERS ADMINISTRATION Corp | 0.24% | Add +2.9% | 2,421,230 | $33.1M |
| Morgan Stanley | 0.00% | Reduce -11.5% | 2,330,771 | $31.9M |
| UBS Group AG | 0.01% | Reduce -8.1% | 2,213,641 | $30.3M |
| BlackRock, Inc. | 0.00% | Add +21.0% | 1,982,211 | $27.1M |
| Legal & General Group Plc | 0.01% | Reduce -7.7% | 1,746,867 | $23.9M |
| Muzinich & Co., Inc. | 8.63% | Add +32.4% | 1,625,636 | $22.3M |
| Sumitomo Mitsui Trust Group, Inc. | 0.01% | Add +36.8% | 1,478,390 | $20.2M |
| Arnhold LLC | 1.67% | Add +1.0% | 1,462,589 | $20.0M |
| MAI Capital Management | 0.11% | Reduce -1.1% | 1,296,257 | $17.7M |
| Franklin Resources Inc. | 0.00% | Reduce -2.1% | 1,190,029 | $16.3M |
| Boston Partners | 0.02% | Add +0.2% | 1,139,040 | $15.6M |
| LSV Asset Management | 0.03% | Reduce -14.8% | 1,041,400 | $14.3M |
| Cerity Partners LLC | 0.02% | Reduce -20.9% | 929,231 | $12.7M |
| Bank of Montreal | 0.01% | Add +27.9% | 929,127 | $12.7M |
| Sigma Investment Counselors Inc. | 0.61% | Add +6.7% | 854,280 | $11.7M |
| Captrust Financial Advisors | 0.02% | Reduce -2.4% | 801,139 | $11.0M |
| Border to Coast Pensions Partnership Ltd | 0.19% | Reduce -5.9% | 800,000 | $11.0M |
| Raymond James Financial Inc. | 0.00% | Add +107.1% | 789,968 | $10.8M |
| Millennium Management | 0.01% | Reduce -46.2% | 708,432 | $9.7M |
| Pathstone Holdings, LLC | 0.03% | Add +93.8% | 649,283 | $8.9M |
| Wells Fargo & Company | 0.00% | Add +2.1% | 578,045 | $7.9M |
| Brown Advisory Inc. | 0.01% | Add +376.3% | 567,980 | $7.8M |
| Lido Advisors, LLC | 0.03% | Add +25.0% | 566,033 | $7.7M |
| Stifel Financial Corp. | 0.01% | Add +14.8% | 533,801 | $7.3M |
| Rivernorth Capital Management, LLC | 0.41% | New | 525,122 | $7.2M |
| Callodine Capital Management, LP | 0.63% | No change | 521,238 | $7.1M |
| Granite FO LLC | 3.75% | No change | 504,535 | $6.9M |
| Denali Advisors LLC | 0.67% | Reduce -20.1% | 433,255 | $5.9M |
| Hennion & Walsh Asset Management, Inc. | 0.21% | Add +7.5% | 432,514 | $5.9M |
| LPL Financial LLC | 0.00% | Add +1.5% | 428,948 | $5.9M |
| Shikiar Asset Management Inc. | 1.54% | Reduce -8.5% | 405,715 | $5.6M |
| Qube Research & Technologies Ltd | 0.01% | Reduce -14.7% | 398,433 | $5.5M |
| Neuberger Berman Group LLC | 0.00% | Reduce -16.8% | 389,872 | $5.3M |
| Prairiewood Capital, LLC | 1.73% | Add +11.9% | 381,549 | $5.2M |
| Castlekeep Investment Advisors LLC | 2.42% | Add +10.9% | 377,389 | $5.2M |
| Arax Advisory Partners | 0.07% | Add +13.6% | 369,559 | $5.1M |
| Confluence Investment Management LLC | 0.07% | Reduce -18.5% | 367,746 | $5.0M |
| Condor Capital Management | 0.41% | Add +3.8% | 364,469 | $5.0M |
| Advisors Capital Management, LLC | 0.06% | Add +8.3% | 358,167 | $4.9M |
| Tranquility Partners, LLC | 1.61% | Reduce -0.7% | 349,379 | $4.8M |
| SCS Capital Management LLC | 0.05% | Reduce -12.4% | 348,071 | $4.8M |
| CANADA LIFE ASSURANCE Co | 0.01% | Add +24.9% | 331,086 | $4.5M |
| Citigroup Inc. | 0.00% | Reduce -0.0% | 331,177 | $4.5M |
| Advisors Asset Management, Inc. | 0.08% | Add +11.8% | 330,688 | $4.5M |
| First Trust Advisors LP | 0.00% | Add +11.3% | 306,405 | $4.2M |
| &partners | 0.03% | Add +2.2% | 296,884 | $4.1M |
| D.A. Davidson & Co. | 0.03% | Reduce -7.7% | 293,527 | $4.0M |
| Anchor Investment Management, LLC | 0.32% | Add +1.8% | 285,575 | $3.9M |
| Naviter Wealth, LLC | 0.44% | Reduce -0.4% | 278,281 | $3.8M |
| First National Trust Co | 0.12% | No change | 264,177 | $3.6M |
| Marshall Wace, LLP | 0.00% | New | 261,417 | $3.6M |
| State Street Corp. | 0.00% | Add +2.8% | 261,343 | $3.6M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.01% | No change | 253,360 | $3.5M |
| BNP Paribas Financial Markets | 0.00% | Reduce -4.3% | 252,920 | $3.5M |
| HB Wealth Management, LLC | 0.02% | Add +28.6% | 249,399 | $3.4M |
| Truvestments Capital LLC | 0.61% | Reduce -10.5% | 244,724 | $3.4M |
| Next Capital Management LLC | 1.12% | Reduce -12.6% | 244,213 | $3.3M |
| Parallel Advisors, LLC | 0.06% | Reduce -0.3% | 241,132 | $3.3M |
| Tred Avon Family Wealth, LLC | 1.13% | — | 239,526 | $3.3M |
| Cura Wealth Advisors, LLC | 1.24% | Reduce -6.1% | 234,700 | $3.2M |
| New England Asset Management Inc. | 0.43% | No change | 232,876 | $3.2M |
| United Advisor Group, LLC | 0.41% | Add +2.9% | 220,750 | $3.0M |
| Snowden Capital Advisors LLC | 0.08% | Reduce -0.1% | 207,519 | $2.8M |
| Advisor OS, LLC | 0.24% | Add +2.6% | 203,199 | $2.8M |
| GraniteShares Advisors LLC | 1.61% | Add +9.7% | 202,585 | $2.8M |
| NorthCoast Asset Management LLC | 0.01% | Add +8.2% | 201,993 | $2.8M |
| Mercer Global Advisors Inc. | 0.00% | Add +94.9% | 179,349 | $2.5M |
| Steel Grove Capital Advisors, LLC | 0.29% | No change | 166,740 | $2.4M |
| Prelude Capital Management, LLC | 0.19% | Add +1.0% | 176,786 | $2.4M |
| Ieq Capital, LLC | 0.01% | Add +10.9% | 168,848 | $2.3M |
| Merit Financial Group, LLC | 0.02% | No change | 160,434 | $2.2M |
| Gsa Capital Partners LLP | 0.18% | Add +1321.2% | 157,976 | $2.2M |
| Texas Yale Capital Corp. | 0.07% | Reduce -2.5% | 156,076 | $2.1M |
| Adams Asset Advisors, LLC | 0.28% | Add +11.8% | 153,977 | $2.1M |
| Bank of New York Mellon Corp | 0.00% | Add +2.8% | 153,111 | $2.1M |
| Envestnet Asset Management Inc. | 0.00% | Add +2.4% | 149,911 | $2.1M |
| Waterloo Capital, L.P. | 0.15% | Add +4.4% | 146,791 | $2.0M |
| Royal Bank of Canada | 0.00% | Reduce -15.0% | 132,290 | $1.8M |
| Janney Montgomery Scott LLC | 0.00% | Add +51.6% | 130,165 | $1.8M |
| Northern Trust Corp. | 0.00% | Add +43.6% | 129,445 | $1.8M |
| AlphaQuest LLC | 0.12% | Add +2542.0% | 128,984 | $1.8M |
| Independent Financial Group, LLC | 0.04% | Add +0.5% | 128,364 | $1.8M |
| Commonwealth Equity Services, LLC | 0.00% | Add +2.8% | 124,102 | $1.7M |
| Onyx Bridge Wealth Group LLC | 0.18% | Add +6.2% | 123,160 | $1.7M |
| General Partner, Inc. | 0.93% | No change | 123,041 | $1.7M |
| Silverberg Bernstein Capital Management LLC | 0.99% | Add +38.6% | 119,500 | $1.6M |
| LRI Investments, LLC | 0.13% | No change | 118,986 | $1.6M |
"% of holder's portfolio" is GBDC's weight in each manager's 13F, not the share of Golub Capital BDC Inc. the manager owns.