13FPulse
GB

GBDC GOLUB CAPITAL BDC INC

2026Q2 · CUSIP 38173M102 · Sector: Other

Normal

Fund flows are within the usual range

Funds that own it
313
Institutions that reported holding it to the SEC
Net decrease in holders
32
Last quarter 345 → now 313
How unusual is that
Bottom 20%
Stronger than only 4% of US stocks
What the filings say, in one paragraph

313 funds held GBDC at the end of 2026Q2, down 32 from the quarter before. Fund flows are within the usual range — nothing unusual. On the business itself, the P/E is 19.9x, return on equity is 4.6%. GBDC has had 10 buying rushes in its history, and the price moved +4.7% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Other sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=107 2013Q4: holders=108 2014Q1: holders=112 2014Q2: holders=111 2014Q3: holders=98 2014Q4: holders=113 2015Q1: holders=106 2015Q2: holders=105 2015Q3: holders=116 2015Q4: holders=110 2016Q1: holders=114 2016Q2: holders=119 2016Q3: holders=118 2016Q4: holders=126 2017Q1: holders=128 2017Q2: holders=132 2017Q3: holders=131 2017Q4: holders=135 2018Q1: holders=147 2018Q2: holders=149 2018Q3: holders=152 2018Q4: holders=148 2019Q1: holders=152 2019Q2: holders=155 2019Q3: holders=165 2019Q4: holders=181 2020Q1: holders=189 2020Q2: holders=183 2020Q3: holders=166 2020Q4: holders=180 2021Q1: holders=197 2021Q2: holders=196 2021Q3: holders=199 2021Q4: holders=222 2022Q1: holders=233 2022Q2: holders=237 2022Q3: holders=228 2022Q4: holders=249 2023Q1: holders=227 2023Q2: holders=242 2023Q3: holders=246 2023Q4: holders=257 2024Q1: holders=250 2024Q2: holders=293 2024Q3: holders=284 2024Q4: holders=328 2025Q1: holders=334 2025Q2: holders=321 2025Q3: holders=331 2025Q4: holders=358 2026Q1: holders=345 2026Q2: holders=313 -44 -22 +0 +22 +44 88232376 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 10 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2025Q4 Top 20% +9.8%
2024Q4 Top 20% -3.2% -2.6%
2024Q2 Top 5% +8.1% +15.3%
2023Q2 Top 20% +3.4% +13.1%
2022Q4 Top 20% -1.3% +13.7%
2022Q1 Top 20% +1.0% -1.8%
2020Q1 Top 20% +14.6% +28.6%
2019Q3 Top 20% +6.4% -31.6%
2018Q1 Top 20% +4.2% +4.5%
2015Q3 Top 20% -3.0% +3.0%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
100
Change in large funds
+1
Total value they hold
$1.6B
Funds buying for the first time
31
Funds that sold out entirely
63
Price change that quarter
+2.9%
Funds holding puts (bearish)
4
Funds holding calls (bullish)
2

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
19.9
EPS (TTM)
$0.65
EPS YoY
-52.5%
Revenue (TTM)
Revenue YoY
Net margin
ROE
4.6%
Debt ratio
55.6%
FCF (TTM)
Dividend (TTM)
$1.44
Quarterly Revenue & EPS
2021-12-31: EPS 0.37 2022-03-31: EPS 0.39 2022-06-30: EPS 0.09 2022-09-30: EPS 0.05 2022-12-31: EPS 0.15 2023-03-31: EPS 0.34 2023-06-30: EPS 0.43 2023-09-30: EPS 0.60 2023-12-31: EPS 0.45 2024-03-31: EPS 0.55 2024-06-30: EPS 0.05 2024-09-30: EPS 0.31 2024-12-31: EPS 0.42 2025-03-31: EPS 0.30 2025-06-30: EPS 0.34 2025-09-30: EPS 0.36 2025-12-31: EPS 0.25 2026-03-31: EPS -0.18 2026-06-30: EPS 0.22 -0.20 0.23 0.66 20212022202320242025202606/26 EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 10 6 14 21 20222023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.