Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in GSBD held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | GOLDMAN SACHS GROUP INC | 6.5M | $58.0M | +0.2% | 5.806% | 0.01% |
| 2 | PRIVATE MANAGEMENT GROUP INC | 5.0M | $44.4M | β | 4.445% | 1.28% |
| 3 | MORGAN STANLEY | 3.6M | $32.2M | +85.5% | 3.225% | 0.00% |
| 4 | Generali Asset Management SPA SGR | 3.3M | $29.3M | 0.0% | 2.926% | 0.61% |
| 5 | UBS Group AG | 2.5M | $22.4M | +57.3% | 2.246% | 0.00% |
| 6 | ARES MANAGEMENT LLC | 2.2M | $19.3M | +53.6% | 1.929% | 1.27% |
| 7 | Invesco Ltd. | 1.6M | $14.6M | +10.5% | 1.463% | 0.00% |
| 8 | BANK OF AMERICA CORP /DE/ | 998K | $8.9M | +1.2% | 0.886% | 0.00% |
| 9 | Legal & General Group Plc | 883K | $7.8M | +10.3% | 0.784% | 0.00% |
| 10 | Muzinich & Co., Inc. | 802K | $7.1M | +0.3% | 0.712% | 2.49% |
| 11 | Sumitomo Mitsui Trust Holdings, Inc. | 697K | $6.2M | 0.0% | 0.619% | 0.00% |
| 12 | RAYMOND JAMES FINANCIAL INC | 694K | $6.2M | +8.5% | 0.616% | 0.00% |
| 13 | HighTower Advisors, LLC | 520K | $4.6M | +482.3% | 0.462% | 0.00% |
| 14 | AMERICAN FINANCIAL GROUP INC | 507K | $4.5M | 0.0% | 0.450% | 1.67% |
| 15 | BlackRock, Inc. | 443K | $3.9M | -47.5% | 0.393% | 0.00% |
| 16 | Caption Management, LLC | 425K | $3.8M | β | 0.377% | 0.04% |
| 17 | TRANSCEND WEALTH COLLECTIVE, LLC | 393K | $3.5M | -1.7% | 0.349% | 0.28% |
| 18 | Adams Asset Advisors, LLC | 375K | $3.3M | +10.1% | 0.333% | 0.37% |
| 19 | Russell Investments Group, Ltd. | 321K | $2.8M | β | 0.285% | 0.00% |
| 20 | FIRST NATIONAL TRUST CO | 311K | $2.8M | 0.0% | 0.276% | 0.09% |
| 21 | VICTORY CAPITAL MANAGEMENT INC | 270K | $2.4M | β | 0.240% | 0.00% |
| 22 | GraniteShares Advisors LLC | 252K | $2.2M | -10.3% | 0.224% | 1.61% |
| 23 | ADVISOR GROUP HOLDINGS, INC. | 250K | $2.2M | -58.0% | 0.222% | 0.00% |
| 24 | ROYAL BANK OF CANADA | 239K | $2.1M | -2.2% | 0.213% | 0.00% |
| 25 | WELLS FARGO & COMPANY/MN | 237K | $2.1M | -9.5% | 0.211% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in GSBD β a direct measure of their conviction.
Filings activity in GSBD during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new GSBD position in Q1 2026
Institutions that fully closed their GSBD position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 195 | 4.4% | 34.06% | +0.96 pp | $354M | +2.9% |
| Q4 2025 | 204 | +0.5% | 33.10% | 1.72 pp | $344M | 4.9% |
| Q3 2025 | 203 | 8.1% | 34.82% | 5.30 pp | $362M | 13% |
| Q2 2025 | 221 | 0.5% | 40.12% | +5.37 pp | $417M | +15% |
| Q1 2025 | 222 | 2.2% | 34.75% | 4.87 pp | $361M | 12% |
| Q4 2024 | 227 | +19% | 39.62% | +2.71 pp | $412M | +7.3% |
| Q3 2024 | 190 | 6.4% | 36.91% | 6.61 pp | $384M | 15% |
| Q2 2024 | 203 | β | 43.52% | β | $453M | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying GSBD stock.
Based on Q1 2026 13F filings, institutional ownership of Goldman Sachs BDC, Inc. stands at 34.1%, held across 195 reporting institutions.
GOLDMAN SACHS GROUP INC is the largest reported institutional holder of GSBD, with approximately 6,535,509 shares worth $0.06B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of GSBD.
Our composite Smart Money Score for GSBD is 37 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
40 institutions opened new positions in GSBD during Q1 2026, while 49 fully exited. 35 added to existing positions and 120 trimmed.
GSBD institutional ownership rose by 0.96 percentage points quarter-over-quarter, with a net change of -9 holders.
The top 10 institutions account for 68.9% of all reported 13F value in GSBD, and the top 25 account for 83.8%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Goldman Sachs BDC, Inc. (GSBD) Institutional Ownership