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 |
| Invesco Ltd. | 0.00% | Add +141.8% | 114,541 | $1.6M |
| Quantinno Capital Management LP | 0.00% | Add +17.4% | 112,628 | $1.5M |
| Legacy Capital Wealth Partners, LLC | 0.32% | Reduce -1.4% | 106,258 | $1.5M |
| Cetera Investment Advisers | 0.00% | Add +49.4% | 105,013 | $1.4M |
| Whipplewood Advisors, LLC | 0.94% | Add +55.0% | 104,062 | $1.4M |
| Mariner, LLC | 0.00% | Reduce -14.5% | 103,678 | $1.4M |
| Focus Partners Advisor Solutions, LLC | 0.02% | Add +177.2% | 97,989 | $1.4M |
| Simon Quick Advisors, LLC | 0.06% | Add +21.7% | 99,314 | $1.4M |
| NerdWallet Wealth Partners, LLC | 0.64% | — | 51,760 | $1.3M |
| Tidal Investments LLC | 0.01% | Add +7.7% | 85,785 | $1.2M |
| Caprock Group, LLC | 0.03% | — | 75,472 | $1.1M |
| Abundance Wealth Counselors | 0.19% | Add +5.5% | 80,743 | $1.1M |
| J. Safra Sarasin Holding AG | 0.02% | No change | 80,000 | $1.1M |
| Global Wealth Management Investment Advisory, Inc. | 0.18% | Add +6.7% | 79,128 | $1.1M |
| Signaturefd, LLC | 0.02% | Reduce -0.7% | 75,179 | $1.0M |
| Greenland Capital Management LP | 0.17% | Reduce -5.6% | 75,000 | $1.0M |
| Ameriprise Financial Inc. | 0.00% | Add +14.5% | 73,496 | $1.0M |
| Regions Financial Corp. | 0.01% | New | 70,987 | $972K |
| Family Manage LLC | 0.13% | Add +9.5% | 69,906 | $957K |
| Accurate Wealth Management, LLC | 0.13% | Add +21.3% | 67,415 | $948K |
| Edgemoor Investment Advisors, Inc. | 0.07% | Reduce -1.7% | 68,031 | $931K |
| AMG National Trust Bank | 0.02% | No change | 67,139 | $919K |
| Generali Investments CEE, investicni spolecnost, a.s. | 0.06% | Reduce -10.2% | 61,624 | $844K |
| Manufacturers Life Insurance Company, The | 0.00% | Add +11.8% | 60,338 | $826K |
| Goldman Sachs Group Inc. | 0.00% | Reduce -6.0% | 60,242 | $825K |
| Global Endowment Management, LP | 0.10% | Reduce -33.3% | 60,000 | $821K |
| Triumph Capital Management | 0.21% | Add +11.6% | 58,034 | $794K |
| Virtus Investment Advisers, LLC | 0.23% | Add +12.2% | 57,593 | $788K |
| Jump Financial, LLC | 0.01% | Reduce -61.3% | 57,000 | $780K |
| Evercore Wealth Management, LLC | 0.01% | Add +14.3% | 56,976 | $780K |
| Credit Agricole S A | 0.00% | — | 56,525 | $774K |
| Ehrenkranz Partners L.P. | 0.67% | — | 55,791 | $764K |
| Chicago Partners Investment Group LLC | 0.02% | Reduce -10.2% | 52,090 | $739K |
| Amplius Wealth Advisors, LLC | 0.06% | Add +2.8% | 53,597 | $734K |
| Family Wealth Partners, LLC | 0.27% | Add +49.5% | 52,866 | $724K |
| Albion Financial Group | 0.04% | Reduce -24.3% | 52,860 | $724K |
| Aquatic Capital Management LLC | 0.01% | New | 52,163 | $714K |
| North Ground Capital | 0.42% | New | 50,000 | $685K |
| NewEdge Advisors, LLC | 0.00% | Reduce -16.2% | 49,590 | $679K |
| Apollon Wealth Management, LLC | 0.01% | No change | 47,769 | $654K |
| T. Rowe Price Associates Inc. | 0.00% | New | 47,357 | $649K |
| Sanctuary Advisors, LLC | 0.00% | Reduce -33.1% | 47,300 | $648K |
| Riverbridge Partners LLC | 0.01% | Add +2.3% | 46,889 | $642K |
| Neville Rodie & Shaw Inc. | 0.05% | Reduce -14.2% | 45,706 | $626K |
| Geneos Wealth Management Inc. | 0.02% | Add +2.4% | 45,085 | $617K |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Add +80.5% | 44,372 | $607K |
| Blair William & Co. | 0.00% | No change | 43,826 | $600K |
| ProShare Advisors LLC | 0.00% | Add +14.3% | 43,282 | $593K |
| Wedbush Securities Inc. | 0.02% | Reduce -5.5% | 42,881 | $587K |
| Mackenzie Financial Corp. | 0.00% | Add +3.8% | 42,767 | $585K |
| Nations Financial Group Inc, /Ia/ | 0.04% | Reduce -2.0% | 42,323 | $579K |
| Cresset Asset Management, LLC | 0.00% | Add +2.0% | 41,325 | $566K |
| Steward Partners Investment Advisory, LLC | 0.00% | Add +11.7% | 40,942 | $560K |
| Ethos Financial Group, LLC | 0.04% | Add +28.8% | 40,005 | $548K |
| Two Sigma Advisers, LP | 0.00% | Reduce -70.3% | 40,000 | $548K |
| Manchester Capital Management LLC | 0.07% | Reduce -0.1% | 39,930 | $547K |
| Oppenheimer & Co. Inc. | 0.01% | Add +14.6% | 39,646 | $543K |
| Guggenheim Capital LLC | 0.00% | Add +4.4% | 39,275 | $538K |
| Two Sigma Investments, LP | 0.00% | Reduce -53.0% | 38,848 | $532K |
| Osaic Holdings, Inc. | 0.00% | Reduce -0.1% | 37,128 | $527K |
| M Holdings Securities, Inc. | 0.11% | Reduce -89.7% | 38,025 | $521K |
| Pasadena Private Wealth, LLC | 0.07% | Reduce -0.8% | 37,813 | $518K |
| Empowered Funds, LLC | 0.01% | Add +50.0% | 37,689 | $516K |
| Moors & Cabot, Inc. | 0.02% | Add +0.3% | 37,130 | $508K |
| Magnus Financial Group LLC | 0.04% | New | 36,406 | $498K |
| Investment Research Partners LLC | 0.22% | — | 34,948 | $492K |
| OneAscent Investment Solutions LLC | 0.51% | Reduce -17.6% | 35,145 | $481K |
| IFC Advisors LLC | 0.09% | Reduce -31.2% | 34,697 | $475K |
| Focus Partners Wealth | 0.00% | Add +155.6% | 34,609 | $474K |
| Ascentis Independent Advisors | 0.08% | No change | 34,564 | $473K |
| Trust Co. of Vermont | 0.02% | No change | 34,355 | $470K |
| Bison Wealth, LLC | 0.04% | New | 32,772 | $463K |
| Shade Tree Advisors LLC | 0.40% | New | 33,565 | $460K |
| RDA Financial Network | 0.11% | Reduce -3.1% | 33,304 | $456K |
| MML Investors Services, LLC | 0.00% | Reduce -0.1% | 32,332 | $443K |
| Essex Financial Services, Inc. | 0.03% | Add +0.0% | 32,216 | $441K |
| Nicholas Hoffman & Company, LLC. | 0.01% | Reduce -6.7% | 30,288 | $415K |
| Delphi Management Inc. | 0.38% | Add +0.9% | 30,157 | $413K |
| New World Advisors LLC | 0.07% | Add +1.5% | 29,763 | $407K |
| Evergreen Capital Management LLC | 0.01% | Add +16.5% | 28,937 | $396K |
| OneAscent Wealth Management LLC | 0.13% | Reduce -7.3% | 28,493 | $390K |
| Manhattan West Asset Management, LLC | 0.08% | No change | 28,448 | $389K |
| Monument Capital Management | 0.10% | New | 28,004 | $383K |
| Klingman & Associates, LLC | 0.02% | No change | 27,788 | $380K |
| AQR Capital Management | 0.00% | New | 27,571 | $377K |
| Signature Wealth Management Partners, LLC | 0.19% | Add +107.5% | 26,811 | $367K |
| Evoke Wealth, LLC | 0.01% | Reduce -53.8% | 25,953 | $355K |
| Squarepoint Ops LLC | 0.00% | Add +21.1% | 25,372 | $347K |
| Summit Financial, LLC | 0.01% | Reduce -4.0% | 25,359 | $347K |
| Capstone Investment Advisors, LLC | 0.00% | New | 25,181 | $345K |
| Penbrook Management LLC | 0.24% | No change | 24,955 | $342K |
| M&T Bank Corp | 0.00% | No change | 24,397 | $334K |
| Northstar Group, Inc. | 0.05% | Add +22.7% | 24,288 | $333K |
| Pallas Capital Advisors LLC | 0.01% | Reduce -47.7% | 23,712 | $325K |
| Magnolia Capital Advisors LLC | 0.08% | Reduce -51.7% | 23,614 | $323K |
| Johnson Financial Group, LLC | 0.03% | New | 23,465 | $321K |
| Promethium Advisors,llc | 0.18% | No change | 22,600 | $309K |
| Navellier & Associates Inc. | 0.03% | Add +24.8% | 22,500 | $308K |
| Port Capital LLC | 0.01% | No change | 22,000 | $301K |
| Castle Wealth Management LLC | 0.10% | Add +28.9% | 21,941 | $300K |
| Vident Advisory, LLC | 0.00% | Add +0.8% | 21,582 | $295K |
| CIBC Private Wealth Group LLC | 0.00% | Add +2.7% | 21,573 | $295K |
| 5T Wealth, LLC | 0.13% | Reduce -4.0% | 21,485 | $294K |
| Private Advisor Group, LLC | 0.00% | Add +10.1% | 21,484 | $294K |
| Cary Street Partners Financial LLC | 0.01% | Add +1.5% | 21,422 | $293K |
| Joel Isaacson & Co., LLC | 0.01% | Add +0.0% | 21,200 | $290K |
| Hussman Strategic Advisors, Inc. | 0.06% | New | 21,000 | $287K |
| Beverly Hills Private Wealth, LLC | 0.05% | Add +6.2% | 20,516 | $281K |
| Plancorp, LLC | 0.01% | No change | 20,076 | $275K |
| Invested Advisors | 0.40% | — | 18,272 | $274K |
| Truist Financial Corp. | 0.00% | Add +5.6% | 19,603 | $268K |
| Nomura Asset Management Co. Ltd. | 0.00% | Add +53.7% | 19,544 | $268K |
| Vise Technologies, Inc. | 0.01% | Reduce -0.8% | 19,530 | $267K |
| MAS Advisors LLC | 0.42% | Add +12.6% | 19,452 | $266K |
| Foundations Investment Advisors, LLC | 0.00% | Reduce -9.7% | 19,375 | $265K |
| Wealthspire Advisors, LLC | 0.00% | No change | 19,287 | $264K |
| AXA Investment Managers S.A. | 0.00% | — | 19,007 | $260K |
| Natixis Advisors, LLC | 0.00% | New | 18,852 | $258K |
| Dynamic Advisor Solutions LLC | 0.01% | Add +0.0% | 18,453 | $253K |
| Keel Point, LLC | 0.02% | Reduce -54.2% | 18,264 | $250K |
| National Philanthropic Trust | 0.00% | No change | 18,116 | $248K |
| DRW Securities, LLC | 0.01% | New | 18,598 | $247K |
| GatePass Capital, LLC | 0.14% | No change | 18,000 | $246K |
| Ausdal Financial Partners, Inc. | 0.01% | Add +46.9% | 17,573 | $241K |
| Columbia Advisory Partners LLC | 0.16% | Add +11.9% | 17,179 | $235K |
| Serenus Wealth Advisors, LLC | 0.04% | No change | 17,068 | $234K |
| Creative Planning | 0.00% | Add +36.7% | 16,921 | $232K |
| Matauro, LLC | 0.04% | New | 16,611 | $227K |
| AdvisorNet Financial, Inc | 0.01% | Reduce -11.2% | 16,550 | $227K |
| Virtu Financial LLC | 0.01% | New | 15,881 | $217K |
| Quent Capital, LLC | 0.02% | No change | 15,311 | $210K |
| Core Wealth Partners LLC | 0.09% | No change | 15,060 | $206K |
| Quantbot Technologies LP | 0.01% | New | 14,953 | $205K |
| Dynamic Technology Lab Private Ltd | 0.03% | Reduce -6.1% | 14,858 | $203K |
| AlphaCore Capital LLC | 0.01% | Reduce -40.0% | 14,706 | $201K |
| Ironsides Asset Advisors, LLC | 0.05% | No change | 14,642 | $200K |
| Beaumont Financial Advisors, LLC | 0.01% | Add +2.0% | 14,640 | $200K |
| Verition Fund Management LLC | 0.00% | New | 14,414 | $197K |
| Bank Pictet & Cie (Europe) AG | 0.00% | Add +2.6% | 14,213 | $195K |
| Mattern Wealth Management LLC | 0.04% | No change | 14,000 | $192K |
| OneAscent Financial Services LLC | 0.01% | Reduce -92.1% | 13,957 | $191K |
| Armistice Capital, LLC | 0.01% | New | 13,692 | $187K |
| Brevan Howard Capital Management LP | 0.00% | Reduce -21.1% | 13,500 | $185K |
| PharVision Advisers, LLC | 0.10% | New | 13,201 | $181K |
| Kestra Advisory Services, LLC | 0.00% | Add +21.2% | 12,994 | $178K |
| First Affirmative Financial Network | 0.08% | New | 12,845 | $176K |
| CFO4Life Group, LLC | 0.03% | Add +2.4% | 12,752 | $175K |
| BCS Private Wealth Management, Inc. | 0.06% | New | 12,730 | $174K |
| EMC Capital Management | 0.08% | No change | 12,729 | $174K |
| Equitable Holdings, Inc. | 0.00% | No change | 12,625 | $173K |
| Comprehensive Money Management Services LLC | 0.12% | Add +7.8% | 12,500 | $171K |
| Pine Valley Investments Ltd Liability Co | 0.01% | No change | 12,415 | $170K |
| Cornerstone Wealth Management, LLC | 0.01% | Add +3.9% | 12,240 | $168K |
| State of Alaska, Department of Revenue | 0.00% | New | 12,271 | $167K |
| Romano Brothers and Company | 0.02% | No change | 12,125 | $166K |
| Kensington Investment Counsel, LLC | 0.07% | No change | 11,966 | $164K |
| O'ROURKE & COMPANY, Inc | 0.07% | Add +1.0% | 11,859 | $162K |
| International Assets Investment Management, LLC | 0.01% | Reduce -64.3% | 11,118 | $161K |
| Williams Jones Wealth Management, LLC. | 0.00% | No change | 11,717 | $160K |
| Focused Wealth Management, Inc | 0.02% | Add +2.7% | 11,620 | $159K |
| Global Assets Advisory, LLC | 0.05% | Add +1.5% | 11,271 | $154K |
| Colton Groome Financial Advisors, LLC | 0.05% | Add +9.0% | 11,078 | $152K |
| McElhenny Sheffield Capital Management, LLC | 0.04% | New | 11,050 | $151K |
| Eagle Global Advisors LLC | 0.01% | No change | 11,010 | $151K |
| Ancora Advisors LLC | 0.00% | Reduce -24.8% | 10,658 | $146K |
| Susquehanna International Group, LLP | 0.00% | New | 10,555 | $144K |
| Wealth Enhancement Advisory Services, LLC | 0.00% | New | 10,581 | $143K |
| Kingswood Wealth Advisors, LLC | 0.01% | New | 10,457 | $143K |
| Crestwood Advisors Group, LLC | 0.00% | No change | 10,414 | $143K |
| O'shaughnessy Asset Management, LLC | 0.00% | New | 10,389 | $142K |
| Perigon Wealth Management, LLC | 0.00% | Reduce -12.7% | 10,387 | $142K |
| US Bancorp \de | 0.00% | Reduce -0.0% | 10,380 | $142K |
| CAP Partners, LLC | 0.08% | Add +1.5% | 10,369 | $142K |
| Wilmington Savings Fund Society, FSB | 0.00% | Reduce -88.6% | 10,357 | $142K |
| Significant Wealth Partners LLC | 0.07% | New | 10,233 | $140K |
| Meridian Investment Counsel Inc. | 0.03% | New | 10,175 | $139K |
| Arista Wealth Management, LLC | 0.02% | No change | 10,000 | $137K |
| Cardiff Park Advisors, LLC | 0.01% | No change | 10,000 | $137K |
| Neo Ivy Capital Management | 0.03% | New | 9,100 | $125K |
| UMB Bank, n.a. | 0.00% | No change | 8,826 | $121K |
| Blue Trust, Inc. | 0.00% | Add +1.4% | 8,023 | $110K |
| Strategic Wealth Partners, Ltd. | 0.01% | Reduce -6.7% | 6,960 | $95K |
| Creative Financial Designs Inc. | 0.01% | No change | 6,936 | $95K |
| Allworth Financial LP | 0.00% | Add +213.5% | 6,872 | $94K |
| Comerica Bank | 0.00% | Reduce -52.2% | 5,830 | $80K |
| Farther Finance Advisors, LLC | 0.00% | New | 5,721 | $78K |
| Advisory Services Network, LLC | 0.00% | New | 5,613 | $77K |
| Toronto Dominion Bank | 0.00% | No change | 5,128 | $70K |
| Clearstead Advisors, LLC | 0.00% | Reduce -84.2% | 3,992 | $55K |
| Main Street Group, LTD | 0.02% | New | 3,750 | $51K |
| Parkside Financial Bank & Trust | 0.00% | Reduce -3.0% | 3,668 | $50K |
| Cwm, LLC | 0.00% | Add +13588.0% | 3,422 | $47K |
| Promus Capital, LLC | 0.03% | No change | 3,400 | $47K |
| Hurley Capital, LLC | 0.03% | No change | 3,238 | $44K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Reduce -0.1% | 3,160 | $43K |
| Optiver Holding B.V. | 0.00% | No change | 3,087 | $42K |
| IFP Advisors, Inc | 0.00% | No change | 2,829 | $39K |
| MTM Investment Management, LLC | 0.01% | No change | 2,800 | $38K |
| VSM Wealth Advisory, LLC | 0.01% | Add +1.3% | 2,667 | $37K |
| BI Asset Management Fondsmaeglerselskab A/S | 0.00% | No change | 2,494 | $34K |
| Loring Wolcott & Coolidge Fiduciary Advisors LLP | 0.00% | New | 2,340 | $33K |
| Future Financial Wealth Managment LLC | 0.02% | Reduce -21.6% | 2,365 | $32K |
| Simplex Trading, LLC | 0.00% | Add +397.0% | 2,346 | $32K |
| Quadrant Capital Group LLC | 0.00% | New | 2,318 | $32K |
| Quarry LP | 0.01% | Reduce -22.6% | 2,194 | $30K |
| Private Trust Co. NA | 0.00% | No change | 2,000 | $27K |
| Spire Wealth Management | 0.00% | No change | 1,796 | $25K |
| Harbor Asset Planning, Inc. | 0.02% | No change | 1,599 | $22K |
| Silicon Valley Capital Partners | 0.00% | No change | 1,202 | $16K |
| Valley National Advisers Inc. | 0.00% | No change | 1,000 | $13K |
| Global Retirement Partners, LLC | 0.00% | Add +2.8% | 843 | $12K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +13.8% | 666 | $9K |
| Caitong International Asset Management Co., Ltd | 0.01% | Add +6977.8% | 637 | $9K |
| Crewe Advisors LLC | 0.00% | Add +4.0% | 515 | $7K |
| Rothschild Investment LLC | 0.00% | No change | 500 | $7K |
| Quest 10 Wealth Builders, Inc. | 0.01% | No change | 473 | $6K |
| Pin Oak Investment Advisors Inc. | 0.00% | No change | 460 | $6K |
| GoalVest Advisory LLC | 0.00% | New | 392 | $5K |
| FMR LLC | 0.00% | Reduce -17.1% | 369 | $5K |
| Aventura Private Wealth, LLC | 0.00% | No change | 355 | $5K |
| SouthState Bank Corp | 0.00% | New | 340 | $5K |
| GHP Investment Advisors, Inc. | 0.00% | Add +2.8% | 331 | $5K |
| Delta Asset Management LLC | 0.00% | No change | 310 | $4K |
| Assetmark, Inc. | 0.00% | Add +7.3% | 207 | $3K |
| Costello Asset Management, INC | 0.00% | No change | 200 | $3K |
| Essential Partners LLC | 0.00% | No change | 200 | $3K |
| Glen Eagle Advisors, LLC | 0.00% | Add +3.1% | 199 | $3K |
| Kilter Group LLC | 0.00% | Reduce -39.2% | 110 | $2K |
| Bruce G. Allen Investments, LLC | 0.00% | Reduce -2.6% | 38 | $520 |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -99.8% | 2 | $27 |
"% of holder's portfolio" is GBDC's weight in each manager's 13F, not the share of Golub Capital BDC Inc. the manager owns.