Goldman Sachs BDC (GSBD)

• Market cap: $1.39B
• 1 day: -0.67%
• 5 days: -3.01%
• 1 month: -7.38%
• 3 months: -7.30%
• 6 months: -16.46%
• Year to date: -2.13%
• 1 year: -22.18%
• 5 years: -18.01%
• 10 years: -40.50%

About: Goldman Sachs BDC Inc is a non-diversified, closed-end management investment company that elected to be regulated as a business development company focused on lending to middle-market companies. The investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including the first lien, unitranche and second lien debt, and unsecured debt. It invests primarily in U.S. middle-market companies such as banks and the public debt markets. The company's origination strategy focuses on leading the negotiation and structuring of the loans or securities in which it invests and holding the investments in its portfolio to maturity. It generates majority revenue in the form of interest income and dividend income.

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

218% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 17

28% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 58

15% more funds holding

Funds holding: 201 [Q3] → 232 (+31) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q3] → 3 (+0) [Q4]

0.09% less ownership

Funds ownership: 28.42% [Q3] → 28.33% (-0.09%) [Q4]

11% less capital invested

Capital invested by funds: $452M [Q3] → $403M (-$49.3M) [Q4]

82% less call options, than puts

Call options by funds: $219K | Put options by funds: $1.2M