Who owns Goldman Sachs BDC (GSBD)
Which tracked institutional funds hold GSBD, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See GSBD company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
43 tracked funds added or opened GSBD while 17 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
GSBD’s largest tracked holder by dollar value, GOLDMAN SACHS GROUP INC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes GSBD more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in GSBD divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 197 tracked filers holding GSBD, 97 increased or opened the position and 97 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in GSBD between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 15
- Lunate Capital Ltd$21M
- Lalia Capital, LLC$11M
- ENVESTNET ASSET MANAGEMENT INC$6M
- Columbus Macro, LLC$6M
- Coppell Advisory Solutions LLC$5M
- CITADEL ADVISORS LLC$3M
Full exits 9
- HighTower Advisors, LLC$5M
- BI Asset Management Fondsmaeglerselskab A/S$3M
- First National Trust Co$3M
- Trexquant Investment LP$2M
- Thrivent Financial for Lutherans$1M
- CANADA LIFE ASSURANCE Co$1M
Largest adds
- MORGAN STANLEY$12M
- ARES MANAGEMENT LLC$11M
- VAN ECK ASSOCIATES CORP$7M
- Cetera Investment Advisers$6M
- Union Bancaire Privee, UBP SA$6M
- PRIVATE MANAGEMENT GROUP INC$5M
Largest trims
- Adams Asset Advisors, LLC$1M
- PENSION & WEALTH MANAGEMENT ADVISORS, INC.$703K
- Russell Investments Group, Ltd.$613K
- LPL Financial LLC$486K
- Creative Planning$447K
- Caption Management, LLC$368K
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| GOLDMAN SACHS GROUP INC | 6,535,509 | $62M | 12.8% | 2026-Q2 |
| PRIVATE MANAGEMENT GROUP INC added | 5,178,638 | $49M | 10.2% | 2026-Q2 |
| MORGAN STANLEY added | 4,713,836 | $45M | 9.3% | 2026-Q2 |
| Generali Asset Management SPA SGR | 3,294,022 | $31M | 6.5% | 2026-Q2 |
| ARES MANAGEMENT LLC added | 3,147,251 | $30M | 6.2% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP added | 2,676,020 | $25M | 5.3% | 2026-Q2 |
| UBS Group AG added | 2,577,113 | $24M | 5.1% | 2026-Q2 |
| Lunate Capital Ltd new | 2,192,392 | $21M | 4.3% | 2026-Q2 |
| Invesco Ltd. added | 1,689,253 | $16M | 3.3% | 2026-Q2 |
| Lalia Capital, LLC new | 1,193,406 | $11M | 2.3% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 1,147,167 | $11M | 2.3% | 2026-Q2 |
| Legal & General Group Plc added | 939,770 | $9M | 1.8% | 2026-Q2 |
| Muzinich & Co., Inc. added | 853,942 | $8M | 1.7% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 706,549 | $7M | 1.4% | 2026-Q2 |
| Sumitomo Mitsui Trust Group, Inc. added | 701,783 | $7M | 1.4% | 2026-Q2 |
| Cetera Investment Advisers added | 696,308 | $7M | 1.4% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 624,970 | $6M | 1.2% | 2026-Q2 |
| Columbus Macro, LLC new | 619,851 | $6M | 1.2% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 561,573 | $5M | 1.1% | 2026-Q2 |
| AMERICAN FINANCIAL GROUP INC | 506,562 | $5M | 1.0% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC added | 497,443 | $5M | 1.0% | 2026-Q2 |
| BlackRock, Inc. trimmed | 432,573 | $4M | 0.8% | 2026-Q2 |
| TRANSCEND CAPITAL ADVISORS, LLC trimmed | 356,959 | $3M | 0.7% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 356,070 | $3M | 0.7% | 2026-Q2 |
| GraniteShares Advisors LLC added | 290,788 | $3M | 0.6% | 2026-Q2 |
| Hennion & Walsh Asset Management, Inc. trimmed | 290,170 | $3M | 0.6% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 278,702 | $3M | 0.5% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 270,627 | $3M | 0.5% | 2026-Q2 |
| Naviter Wealth, LLC added | 253,413 | $2M | 0.5% | 2026-Q2 |
| Callodine Capital Management, LP new | 250,000 | $2M | 0.5% | 2026-Q2 |
| Russell Investments Group, Ltd. trimmed | 235,692 | $2M | 0.5% | 2026-Q2 |
| Adams Asset Advisors, LLC trimmed | 227,546 | $2M | 0.4% | 2026-Q2 |
| Privium Fund Management (UK) Ltd added | 216,000 | $2M | 0.4% | 2026-Q2 |
| SBE LLC DBA CEDAR COVE WEALTH PARTNERS added | 202,760 | $2M | 0.4% | 2026-Q2 |
| Significant Wealth Partners LLC added | 197,283 | $2M | 0.4% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 173,144 | $2M | 0.3% | 2026-Q2 |
| PENSION & WEALTH MANAGEMENT ADVISORS, INC. trimmed | 171,030 | $2M | 0.3% | 2026-Q2 |
| Lido Advisors, LLC trimmed | 164,679 | $2M | 0.3% | 2026-Q2 |
| STATE STREET CORP added | 164,155 | $2M | 0.3% | 2026-Q2 |
| Quadrant Private Wealth Management, LLC trimmed | 160,233 | $2M | 0.3% | 2026-Q2 |
| LPL Financial LLC trimmed | 151,254 | $1M | 0.3% | 2026-Q2 |
| Stiles Financial Services Inc trimmed | 147,845 | $1M | 0.3% | 2026-Q2 |
| SAXON INTERESTS, INC. added | 142,135 | $1M | 0.3% | 2026-Q2 |
| LOOMIS SAYLES & CO L P | 140,000 | $1M | 0.3% | 2026-Q2 |
| NORDEN GROUP LLC added | 134,698 | $1M | 0.3% | 2026-Q2 |
| J.W. COLE ADVISORS, INC. trimmed | 120,656 | $1M | 0.2% | 2026-Q2 |
| Ethos Financial Group, LLC added | 120,283 | $1M | 0.2% | 2026-Q2 |
| Global Wealth Management Investment Advisory, Inc. new | 112,297 | $1M | 0.2% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 108,143 | $1M | 0.2% | 2026-Q2 |
| DENALI ADVISORS LLC trimmed | 105,680 | $1M | 0.2% | 2026-Q2 |
| United Advisor Group, LLC trimmed | 100,963 | $957K | 0.2% | 2026-Q2 |
| Garde Capital, Inc. added | 97,107 | $921K | 0.2% | 2026-Q2 |
| HB Wealth Management, LLC added | 96,865 | $918K | 0.2% | 2026-Q2 |
| Stratos Wealth Partners, LTD. trimmed | 93,947 | $891K | 0.2% | 2026-Q2 |
| Creative Planning trimmed | 90,757 | $860K | 0.2% | 2026-Q2 |
| XTX Topco Ltd trimmed | 88,320 | $837K | 0.2% | 2026-Q2 |
| STEEL GROVE CAPITAL ADVISORS, LLC added | 86,049 | $816K | 0.2% | 2026-Q2 |
| Cordoba Advisory Partners LLC added | 79,546 | $780K | 0.2% | 2026-Q2 |
| Meridian Wealth Management, LLC trimmed | 79,077 | $750K | 0.2% | 2026-Q2 |
| Arax Advisory Partners added | 78,758 | $747K | 0.2% | 2026-Q2 |
| NORTHERN TRUST CORP added | 74,920 | $710K | 0.1% | 2026-Q2 |
| Icon Wealth Advisors, LLC | 74,489 | $706K | 0.1% | 2026-Q2 |
| FreeGulliver LLC new | 72,662 | $689K | 0.1% | 2026-Q2 |
| TT Capital Management LLC added | 71,850 | $681K | 0.1% | 2026-Q2 |
| Virtus Investment Advisers, LLC trimmed | 67,747 | $642K | 0.1% | 2026-Q2 |
| PFG Investments, LLC trimmed | 67,406 | $639K | 0.1% | 2026-Q2 |
| GUGGENHEIM CAPITAL LLC added | 65,334 | $619K | 0.1% | 2026-Q2 |
| BLAIR WILLIAM & CO/IL new | 64,280 | $609K | 0.1% | 2026-Q2 |
| All Terrain Financial Advisors, LLC new | 63,494 | $602K | 0.1% | 2026-Q2 |
| Texas Yale Capital Corp. added | 63,210 | $599K | 0.1% | 2026-Q2 |
| BROWN ADVISORY INC added | 63,199 | $599K | 0.1% | 2026-Q2 |
| Argentarii, LLC | 63,000 | $611K | 0.1% | 2026-Q2 |
| CIDEL ASSET MANAGEMENT INC new | 60,200 | $571K | 0.1% | 2026-Q2 |
| Tidal Investments LLC added | 58,686 | $556K | 0.1% | 2026-Q2 |
| COMPASS FINANCIAL MANAGEMENT LLC new | 58,285 | $522K | 0.1% | 2026-Q2 |
| Almitas Capital LLC | 50,000 | $474K | 0.1% | 2026-Q2 |
| Arkadios Wealth Advisors trimmed | 47,719 | $452K | 0.1% | 2026-Q2 |
| Delphi Financial Group, Inc. | 47,177 | $447K | 0.1% | 2026-Q2 |
| Garner Asset Management Corp trimmed | 45,045 | $427K | 0.1% | 2026-Q2 |
| AXXCESS WEALTH MANAGEMENT, LLC trimmed | 44,287 | $420K | 0.1% | 2026-Q2 |
| Founders Financial Alliance, LLC trimmed | 43,458 | $412K | 0.1% | 2026-Q2 |
| Closed-End Fund Advisors, Inc. trimmed | 41,742 | $396K | 0.1% | 2026-Q2 |
| DRW Securities, LLC trimmed | 41,631 | $395K | 0.1% | 2026-Q2 |
| Autumn Glory Partners, LLC | 40,943 | $388K | 0.1% | 2026-Q2 |
| Jefferies Financial Group Inc. added | 39,295 | $373K | 0.1% | 2026-Q2 |
| Cohen Capital Management, Inc. | 38,694 | $367K | 0.1% | 2026-Q2 |
| Kendall Capital Management added | 38,675 | $367K | 0.1% | 2026-Q2 |
| Black Maple Capital Management LP added | 37,500 | $356K | 0.1% | 2026-Q2 |
| WEALTH ALLIANCE, LLC | 36,036 | $342K | 0.1% | 2026-Q2 |
| Tyche Wealth Partners LLC added | 34,100 | $323K | 0.1% | 2026-Q2 |
| Investment Partners Asset Management, Inc. added | 33,724 | $320K | 0.1% | 2026-Q2 |
| Crestwood Advisors Group, LLC new | 32,975 | $313K | 0.1% | 2026-Q2 |
| Parallel Advisors, LLC added | 32,956 | $312K | 0.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 32,380 | $286K | 0.1% | 2026-Q2 |
| INDEPENDENT FINANCIAL GROUP, LLC trimmed | 31,068 | $295K | 0.1% | 2026-Q2 |
| Caption Management, LLC trimmed | 31,065 | $294K | 0.1% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 30,633 | $290K | 0.1% | 2026-Q2 |
| Private Advisor Group, LLC trimmed | 29,776 | $282K | 0.1% | 2026-Q2 |
| Union Bancaire Privee, UBP SA | 3,713 | $6M | 1.2% | 2026-Q2 |
| Coppell Advisory Solutions LLC trimmed | 446 | $5M | 1.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.