Security Snapshot

GOLUB CAPITAL BDC, Inc. - common stock (GBDC) Institutional Ownership

CUSIP: 38173M102

13F Institutional Holders and Ownership History from Q1 2014 to Q1 2026

Latest Period

Q4 2025

Institutions Reporting

349

Shares (Excl. Options)

114,977,882

Price

$13.57

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Type / Class
Equity / common stock
Symbol
GBDC on Nasdaq
Shares outstanding
265,154,920
Price per share
$12.74
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
114,977,882
Total reported value
$1,616,798,726
% of total 13F portfolios
0.01%
Share change
+4,872,832
Value change
+$50,087,267
Number of holders
349
Price from insider filings
$12.74
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Quick Takeaways

  • GBDC - GOLUB CAPITAL BDC, Inc. - common stock is tracked under CUSIP 38173M102.
  • 349 institutions reported positions in Q4 2025.
  • 1 significant owner is listed from Schedule 13D/13G reporting.

What Changed

  • Holder count moved from 349 to 246 between Q4 2025 and Q1 2026.
  • Reported value moved from $1,616,798,726 to $1,050,261,235.

Why This Matters

  • You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
  • 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.

Source Evidence

Source: SEC Form 13F

Latest holder context comes from 349 institutions filings for Q4 2025.

Open SEC Evidence

Investment Quick Answers

What is CUSIP 38173M102?
CUSIP 38173M102 identifies GBDC - GOLUB CAPITAL BDC, Inc. - common stock in SEC 13F datasets.

Where can I see the latest institutional holders?
Review the Q4 2025 holders report and the ownership history table below.

Significant Owners of GOLUB CAPITAL BDC, Inc. - common stock (GBDC) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
STRS OHIO 6.3% +10% $226,683,593 +$23,212,340 16,704,760 +11% STRS OHIO 31 Dec 2025

As of 31 Dec 2025, 349 institutional investors reported holding 114,977,882 shares of GOLUB CAPITAL BDC, Inc. - common stock (GBDC). This represents 43% of the company’s total 265,154,920 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of GOLUB CAPITAL BDC, Inc. - common stock (GBDC) together control 30% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
STRS OHIO 6.3% 16,704,760 +2.9% 0.85% $226,683,593
Corient Private Wealth LLC 2% 5,217,576 -14% 0.1% $70,802,482
VAN ECK ASSOCIATES CORP 1.8% 4,656,349 -3.9% 0.05% $63,186,000
Allen Investment Management, LLC 1.5% 4,069,890 -2.5% 0.61% $55,228,411
JPMORGAN CHASE & CO 1.5% 3,917,312 +54% 0% $53,157,930
Sound Income Strategies, LLC 1.4% 3,602,799 +6.6% 2.4% $49,790,683
BANK OF AMERICA CORP /DE/ 1.3% 3,515,546 -8.2% 0% $47,705,957
Sage Mountain Advisors LLC 1.3% 3,360,932 +11% 2.4% $45,607,847
MORGAN STANLEY 1.1% 3,048,675 +31% 0% $41,370,521
OMERS ADMINISTRATION Corp 1.1% 3,019,148 +25% 0.29% $40,969,838
UBS Group AG 1.1% 2,864,751 +29% 0.01% $38,874,672
ARES MANAGEMENT LLC 1% 2,736,210 +6.4% 2.1% $37,130,370
Generali Asset Management SPA SGR 0.99% 2,630,739 0% 0.73% $35,699,128
Lalia Capital, LLC 0.93% 2,479,179 0% 26% $33,642,459
Rockefeller Capital Management L.P. 0.87% 2,311,002 -22% 0.06% $31,360,309
HighTower Advisors, LLC 0.87% 2,298,330 -9.1% 0.03% $31,188,340
Legal & General Group Plc 0.78% 2,062,851 +18% 0.01% $27,982,572
BlackRock, Inc. 0.75% 1,992,097 +0.5% 0% $27,032,759
Muzinich & Co., Inc. 0.74% 1,959,272 +21% 8.4% $26,587,329
RIVERNORTH CAPITAL MANAGEMENT, LLC 0.65% 1,714,828 +227% 1.1% $23,270,215
Sumitomo Mitsui Trust Group, Inc. 0.57% 1,514,544 +2.4% 0.01% $20,552,362
Arnhold LLC 0.55% 1,470,089 +0.51% 1.5% $19,949,108
MAI Capital Management 0.51% 1,363,944 +5.2% 0.11% $18,508,718
Boston Partners 0.41% 1,078,691 -5.3% 0.02% $14,657,894
BANK OF MONTREAL /CAN/ 0.4% 1,056,492 +14% 0.01% $14,336,596

Institutional Holders of GOLUB CAPITAL BDC, Inc. - common stock (GBDC) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2026 Q1 82,998,662 $1,050,261,235 +$75,056,119 $12.66 246
2025 Q4 114,977,882 $1,616,798,726 +$50,087,267 $13.57 349
2025 Q3 106,866,441 $1,532,766,725 +$111,174,788 $13.69 327
2025 Q2 102,099,799 $1,495,871,736 -$88,495,607 $14.65 311
2025 Q1 111,519,283 $1,687,941,232 +$118,785,988 $15.14 331
2024 Q4 104,193,350 $1,579,369,255 +$118,301,582 $15.16 324
2024 Q3 95,582,039 $1,445,318,016 -$9,762,159 $15.11 280
2024 Q2 96,633,068 $1,518,331,667 +$490,828,000 $15.71 292
2024 Q1 65,487,333 $1,087,202,317 -$44,061,543 $16.63 250
2023 Q4 68,591,553 $1,035,794,235 -$6,949,080 $15.10 258
2023 Q3 68,750,218 $1,007,977,565 -$11,345,244 $14.67 247
2023 Q2 69,690,845 $940,767,532 -$10,683,250 $13.50 240
2023 Q1 69,949,482 $948,473,836 -$44,486,517 $13.56 223
2022 Q4 73,846,175 $972,067,241 +$2,858,704 $13.16 245
2022 Q3 73,411,053 $909,909,940 +$9,875,665 $12.39 224
2022 Q2 73,012,158 $946,856,038 -$51,416,152 $12.96 233
2022 Q1 75,794,713 $1,152,728,014 -$4,828,435 $15.21 233
2021 Q4 75,996,118 $1,173,456,578 +$23,584,325 $15.44 223
2021 Q3 74,745,361 $1,181,747,028 +$79,296,035 $15.81 200
2021 Q2 69,808,187 $1,076,470,029 -$44,906,831 $15.42 198
2021 Q1 72,450,744 $1,060,037,339 +$1,899,603 $14.62 201
2020 Q4 72,610,579 $1,026,787,013 +$89,383,234 $14.14 183
2020 Q3 62,132,706 $822,125,963 -$35,944,748 $13.24 169
2020 Q2 67,014,271 $780,743,433 +$139,629,321 $11.65 181
2020 Q1 54,317,169 $681,751,779 -$11,919,924 $12.56 187
2019 Q4 55,936,058 $1,031,958,175 +$228,988,314 $18.45 182
2019 Q3 42,347,770 $797,715,297 +$381,595,710 $18.84 166
2019 Q2 22,082,167 $393,247,668 -$20,557,396 $17.80 159
2019 Q1 23,237,264 $415,995,811 -$21,739,154 $17.88 152
2018 Q4 24,541,704 $404,908,378 +$3,146,285 $16.49 152
2018 Q3 22,099,602 $414,322,401 -$1,416,381 $18.75 154
2018 Q2 22,180,632 $405,814,896 -$20,075,803 $18.30 151
2018 Q1 23,225,700 $415,589,133 -$13,397,441 $17.89 150
2017 Q4 23,405,209 $425,979,275 -$27,984,852 $18.20 140
2017 Q3 24,216,203 $455,726,492 -$9,420,476 $18.82 138
2017 Q2 24,751,360 $473,330,665 -$1,650,901 $19.12 136
2017 Q1 24,848,372 $493,835,844 +$28,150,644 $19.88 135
2016 Q4 23,622,079 $434,420,086 +$4,972,723 $18.39 132
2016 Q3 22,946,593 $426,124,709 +$1,016,874 $18.57 122
2016 Q2 23,298,592 $421,003,859 +$79,164,209 $18.07 124
2016 Q1 18,863,163 $326,219,509 +$2,622,165 $17.31 118
2015 Q4 22,548,795 $375,006,326 -$4,428,822 $16.63 113
2015 Q3 22,832,993 $364,867,196 +$3,141,360 $15.98 119
2015 Q2 23,001,816 $381,005,231 +$8,706,959 $16.56 109
2015 Q1 22,463,734 $394,561,926 -$5,631,352 $17.55 110
2014 Q4 22,772,574 $408,295,960 +$5,038,140 $17.93 114
2014 Q3 21,808,063 $347,857,742 -$15,789,349 $15.95 102
2014 Q2 22,732,848 $402,307,697 -$1,066,584 $17.70 113
2014 Q1 22,748,179 $405,773,650 +$65,065,277 $17.84 115
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