Vault-13

GOLDMAN SACHS BDC INC GSBD

SHS · Common Stock · CUSIP 38147U107

199 institutional holders -11 vs Q4 2025
42,840,56942.8m shares reported held*
38.1% of all shares outstanding*
$380.8mreported value*
35 new 52 added 72 reduced 41 sold out net bought ≈ $38.9m (+4.4m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Shares outstanding: 112.6m as of 2026-02-25, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $8.89. Options: 6 managers hold calls ($9.3m notional), 4 hold puts ($267.3k).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 189Q4 22: 209Q1 23: 214Q2 23: 205Q3 23: 211Q4 23: 214Q1 24: 210Q2 24: 216Q3 24: 203Q4 24: 238Q1 25: 228Q2 25: 224Q3 25: 211Q4 25: 210Q1 26: 199199Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 2022189
Q4 2022209
Q1 2023214
Q2 2023205
Q3 2023211
Q4 2023214
Q1 2024210
Q2 2024216
Q3 2024203
Q4 2024238
Q1 2025228
Q2 2025224
Q3 2025211
Q4 2025210
Q1 2026199

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q2 24: 93 bought or addedQ2 24: 82 cut or sold outQ3 24: 89 bought or addedQ3 24: 88 cut or sold outQ3 24Q4 24: 118 bought or addedQ4 24: 75 cut or sold outQ1 25: 111 bought or addedQ1 25: 93 cut or sold outQ1 25Q2 25: 108 bought or addedQ2 25: 93 cut or sold outQ3 25: 107 bought or addedQ3 25: 85 cut or sold outQ3 25Q4 25: 84 bought or addedQ4 25: 116 cut or sold outQ1 26: 87 bought or addedQ1 26: 113 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20249382
Q3 20248988
Q4 202411875
Q1 202511193
Q2 202510893
Q3 202510785
Q4 202584116
Q1 202687113

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2.5m$5m$7.5m$10mQ2 25 calls: $203.2kQ2 25 puts: $3.1mQ2 25P/C 15.38Q3 25 calls: $151.3kQ3 25 puts: $226.8kQ3 25P/C 1.50Q4 25 calls: $9.5mQ4 25 puts: $1.2mQ4 25P/C 0.13Q1 26 calls: $9.3mQ1 26 puts: $267.3kQ1 26P/C 0.03
Numbers
QuarterCallsPutsP/C
Q2 2025$203.2k$3.1m15.38
Q3 2025$151.3k$226.8k1.50
Q4 2025$9.5m$1.2m0.13
Q1 2026$9.3m$267.3k0.03

Biggest buyers

PRIVATE MANAGEMENT GROUP INC New +5,003,354+5.0m
MORGAN STANLEY Added +1,672,630+1.7m
UBS Group AG Added +920,720+920.7k
ARES MANAGEMENT LLC Added +758,115+758.1k
HighTower Advisors, LLC Added +430,923+430.9k
Russell Investments Group, Ltd. New +320,660+320.7k
VICTORY CAPITAL MANAGEMENT INC New +269,974+270.0k
Significant Wealth Partners LLC New +194,093+194.1k
PENSION & WEALTH MANAGEMENT ADVISORS, INC. Added +173,397+173.4k
Invesco Ltd. Added +156,137+156.1k

Biggest sellers

VAN ECK ASSOCIATES CORP Reduced -604,546-604.5k
BlackRock, Inc. Reduced -401,363-401.4k
JANE STREET GROUP, LLC Reduced -385,846-385.8k
Closed-End Fund Advisors, Inc. Reduced -373,412-373.4k
SAGE RHINO CAPITAL LLC Reduced -366,400-366.4k
CITADEL ADVISORS LLC Sold out -350,119-350.1k
OSAIC HOLDINGS, INC. Reduced -345,256-345.3k
ICON ADVISERS INC/CO Sold out -336,000-336.0k
JPMORGAN CHASE & CO Reduced -333,133-333.1k
Qube Research & Technologies Ltd Sold out -322,324-322.3k

Biggest calls

Centiva Capital, LP Added $4.5m503.5k shares
Caption Management, LLC Unchanged $3.1m350.0k shares
CITADEL ADVISORS LLC Reduced $1.3m149.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $337.4k38.0k shares
SIMPLEX TRADING, LLC Added $26.6k3.0k shares
GROUP ONE TRADING LLC Unchanged $15.1k1.7k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $147.4k16.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $111.0k12.5k shares
SIMPLEX TRADING, LLC New $8.0k900 shares
GROUP ONE TRADING LLC New $888100 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q1 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 0 buyingQ3 24: 0 sellingQ3 24Q4 24: 0 buyingQ4 24: 1 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 1 buyingQ3 25: 0 sellingQ3 25Q4 25: 1 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20240—0——
Q3 20240—0——
Q4 20240—1$16.1k—
Q1 20250—0——
Q2 20250—0——
Q3 20251$249.9k0——
Q4 20251$103.5k0——
Q1 20260—0——

None reported in Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 6,535,5096.5m $58.0m $58.0m 0.01% Added +15.0k +15,000
2 PRIVATE MANAGEMENT GROUP INC 1.28% of their portfolio IRVINE, CA 5,003,3545.0m $44.4m $44.4m 1.28% New
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,629,9733.6m $32.2m $32.2m 0.00% Added +1.7m +1,672,630
4 Generali Asset Management SPA SGR 0.61% of their portfolio TRIESTE, L6 3,294,0223.3m $29.3m $29.3m 0.61% Unchanged
5 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,527,8962.5m $22.4m $22.4m 0.00% Added +920.7k +920,720
6 ARES MANAGEMENT LLC 1.27% of their portfolio LOS ANGELES, CA 2,171,1732.2m $19.3m $19.3m 1.27% Added +758.1k +758,115
7 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 2,068,0232.1m $18.4m $18.4m 0.01% Reduced -604.5k -604,546
8 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,646,9361.6m $14.6m $14.6m 0.00% Added +156.1k +156,137
9 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 997,570997.6k $8.9m $8.9m 0.00% Added +11.9k +11,915
10 Legal & General Group Plc 0.00% of their portfolio London, X0 882,698882.7k $7.8m $7.8m 0.00% Added +82.5k +82,489
11 Muzinich & Co., Inc. 2.49% of their portfolio NEW YORK, NY 801,533801.5k $7.1m $7.1m 2.49% Added +2.0k +2,035
12 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 696,783696.8k $6.2m $6.2m 0.00% Unchanged
13 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 693,807693.8k $6.2m $6.2m 0.00% Added +54.4k +54,412
14 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 520,273520.3k $4.6m $4.6m 0.00% Added +430.9k +430,923
15 AMERICAN FINANCIAL GROUP INC 1.67% of their portfolio CINCINNATI, OH 506,562506.6k $4.5m $4.5m 1.67% Unchanged
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 442,871442.9k $3.9m $3.9m 0.00% Reduced -401.4k -401,363
17 TRANSCEND CAPITAL ADVISORS, LLC 0.28% of their portfolio MADISON, NJ 393,168393.2k $3.5m $3.5m 0.28% Reduced -6.8k -6,772
18 Adams Asset Advisors, LLC 0.37% of their portfolio DALLAS, TX 374,609374.6k $3.3m $3.3m 0.37% Added +34.4k +34,364
19 BI Asset Management Fondsmaeglerselskab A/S 0.03% of their portfolio KOBENHAVN, G7 364,749364.7k $3.2m $3.2m 0.03% Added +3.0k +3,018
20 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 320,660320.7k $2.8m $2.8m 0.00% New
21 First National Trust Co 0.09% of their portfolio Johnstown, PA 311,196311.2k $2.8m $2.8m 0.09% Unchanged
22 Hennion & Walsh Asset Management, Inc. 0.09% of their portfolio Parsippany, NJ 309,152309.2k $2.7m $2.7m 0.09% Reduced -46.2k -46,153
23 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 269,974270.0k $2.4m $2.4m 0.00% New
24 PENSION & WEALTH MANAGEMENT ADVISORS, INC. 0.69% of their portfolio WALTHAM, MA 261,723261.7k $2.3m $2.3m 0.69% Added +173.4k +173,397
25 GraniteShares Advisors LLC 1.61% of their portfolio NEW YORK, NY 251,857251.9k $2.2m $2.2m 1.61% Reduced -28.8k -28,823
26 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 250,225250.2k $2.2m $2.2m 0.00% Reduced -345.3k -345,256
27 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 239,297239.3k $2.1m $2.1m 0.00% Reduced -5.3k -5,304
28 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 237,345237.3k $2.1m $2.1m 0.00% Reduced -25.0k -25,030
29 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 216,193216.2k $1.9m $1.9m 0.00% Reduced -3.5k -3,529
30 Lido Advisors, LLC 0.01% of their portfolio Los Angeles, CA 204,084204.1k $1.9m $1.9m 0.01% Reduced -124.4k -124,417
31 Significant Wealth Partners LLC 2.12% of their portfolio CARY, IL 194,093194.1k $1.7m $1.7m 2.12% New
32 SBE LLC DBA CEDAR COVE WEALTH PARTNERS 0.89% of their portfolio BLOOMINGTON, MN 191,644191.6k $1.7m $1.7m 0.89% Added +22.6k +22,629
33 Naviter Wealth, LLC 0.21% of their portfolio LITTLE ROCK, AR 183,435183.4k $1.7m $1.7m 0.21% Added +53.7k +53,742
34 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 182,895182.9k $1.6m $1.6m 0.01% Added +63.8k +63,800
35 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 162,630162.6k $1.4m $1.4m 0.00% Reduced -1.0k -1,012
36 Quadrant Private Wealth Management, LLC 0.23% of their portfolio Center Valley, PA 160,483160.5k $1.5m $1.5m 0.23% Added +17.4k +17,423
37 Stiles Financial Services Inc 0.41% of their portfolio EDINA, MN 150,729150.7k $1.3m $1.3m 0.41% Reduced -2.2k -2,242
38 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 147,220147.2k $1.3m $1.3m 0.00% Reduced -58.9k -58,856
39 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 140,000140.0k $1.2m $1.2m 0.00% Unchanged
40 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 139,302139.3k $1.3m $1.3m 0.00% Reduced -3.8k -3,824
41 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 138,650138.7k $1.2m $1.2m 0.00% Added +35.7k +35,718
42 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 124,431124.4k $1.1m $1.1m 0.00% Reduced -23.2k -23,246
43 SAXON INTERESTS, INC. 0.38% of their portfolio HOUSTON, TX 122,912122.9k $1.1m $1.1m 0.38% Added +1.0k +1,032
44 J.W. COLE ADVISORS, INC. 0.04% of their portfolio TAMPA, FL 120,869120.9k $1.1m $1.1m 0.04% Added +1.6k +1,623
45 Ethos Financial Group, LLC 0.08% of their portfolio KING OF PRUSSIA, PA 114,794114.8k $1.1m $1.1m 0.08% Added +21.8k +21,789
46 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 111,917111.9k $993.8k $993.8k 0.00% Reduced -110.1k -110,136
47 DENALI ADVISORS LLC 0.11% of their portfolio SAN DIEGO, CA 111,684111.7k $991.8k $991.8k 0.11% Reduced -67 -67
48 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 108,810108.8k $966.2k $966.2k 0.00% Reduced -385.8k -385,846
49 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 103,460103.5k $918.7k $918.7k 0.01% Reduced -1.6k -1,643
50 United Advisor Group, LLC 0.11% of their portfolio CINCINNATI, OH 101,046101.0k $897.3k $897.3k 0.11% Reduced -4.3k -4,266
51 Maia Wealth LLC 0.14% of their portfolio DENVER, CO 95,50095.5k $848.0k $848.0k 0.14% Reduced -14.0k -13,958
52 Garde Capital, Inc. 0.05% of their portfolio SEATTLE, WA 93,66493.7k $831.7k $831.7k 0.05% Reduced -7.9k -7,871
53 NORDEN GROUP LLC 0.08% of their portfolio PROVO, UT 92,19292.2k $818.7k $818.7k 0.08% Reduced -7.7k -7,695
54 Virtus Investment Advisers, LLC 0.22% of their portfolio HARTFORD, CT 88,73888.7k $788.0k $788.0k 0.22% Reduced -11.2k -11,151
55 Meridian Wealth Management, LLC 0.03% of their portfolio LEXINGTON, KY 88,22488.2k $783.4k $783.4k 0.03% Reduced -41.6k -41,598
56 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 85,41785.4k $758.5k $758.5k 0.00% Added +10.1k +10,111
57 STEEL GROVE CAPITAL ADVISORS, LLC 0.08% of their portfolio MEMPHIS, TN 84,56784.6k $751.0k $751.0k 0.08% Added +33.6k +33,612
58 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 74,74474.7k $663.7k $663.7k 0.00% Reduced -52.5k -52,500
59 Caption Management, LLC 0.03% of their portfolio OKLAHOMA CITY, OK 74,55274.6k $662.0k $662.0k 0.03% Added +14.9k +14,908
60 Icon Wealth Advisors, LLC 0.05% of their portfolio HOUSTON, TX 74,48974.5k $723.3k $723.3k 0.05% Added +5.2k +5,241
61 PFG Investments, LLC 0.03% of their portfolio WOODBURY, NY 72,85872.9k $647.0k $647.0k 0.03% Added +2.3k +2,319
62 SHIKIAR ASSET MANAGEMENT INC 0.18% of their portfolio NEW YORK, NY 68,95069.0k $612.0k $612.0k 0.18% Reduced -151.9k -151,900
63 TT Capital Management LLC 0.50% of their portfolio Gilbert, AZ 68,55068.5k $608.7k $608.7k 0.50% Added +28.5k +28,500
64 Cordoba Advisory Partners LLC 0.16% of their portfolio NEW YORK, NY 66,00966.0k $593.9k $593.9k 0.16% Added +3.3k +3,307
65 Brevan Howard Capital Management LP 0.01% of their portfolio ST. HELIER, Y9 64,00664.0k $568.4k $568.4k 0.01% Reduced -6.2k -6,164
66 Argentarii, LLC 0.20% of their portfolio CINCINNATI, OH 63,00063.0k $559.4k $559.4k 0.20% Unchanged
67 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 60,01560.0k $532.9k $532.9k 0.00% Reduced -9.2k -9,173
68 GUGGENHEIM CAPITAL LLC 0.00% of their portfolio CHICAGO, IL 59,25159.3k $526.1k $526.1k 0.00% Added +10.2k +10,238
69 Garner Asset Management Corp 0.20% of their portfolio PLANO, TX 58,76058.8k $521.8k $521.8k 0.20% Reduced -24.5k -24,478
70 DRW Securities, LLC 0.03% of their portfolio CHICAGO, IL 56,89156.9k $505.2k $505.2k 0.03% New
71 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 56,16156.2k $498.7k $498.7k 0.01% Reduced -13.5k -13,533
72 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 55,63855.6k $494.1k $494.1k 0.00% Added +27.8k +27,778
73 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 54,21754.2k $481.4k $481.4k 0.01% Added +2.0k +2,047
74 U.S. Capital Wealth Advisors, LLC 0.01% of their portfolio AUSTIN, TX 53,97754.0k $479.3k $479.3k 0.01% Added +23.7k +23,674
75 Y-Intercept (Hong Kong) Ltd 0.01% of their portfolio HONG KONG, K3 52,62052.6k $467.3k $467.3k 0.01% Reduced -106.1k -106,107
76 Almitas Capital LLC 0.10% of their portfolio SANTA MONICA, CA 50,00050.0k $444.0k $444.0k 0.10% Unchanged
77 Delphi Financial Group, Inc. 0.19% of their portfolio Wilmington, DE 47,17747.2k $418.9k $418.9k 0.19% New
78 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 47,12447.1k $418.5k $418.5k 0.00% Reduced -1.9k -1,944
79 ExodusPoint Capital Management, LP 0.00% of their portfolio NEW YORK, NY 45,50845.5k $404.1k $404.1k 0.00% New
80 Founders Financial Alliance, LLC 0.07% of their portfolio RALEIGH, NC 44,87444.9k $398.5k $398.5k 0.07% Reduced -1.8k -1,769
81 AXXCESS WEALTH MANAGEMENT, LLC 0.01% of their portfolio CARLSBAD, CA 44,32344.3k $393.6k $393.6k 0.01% Reduced -1.4k -1,422
82 Texas Yale Capital Corp. 0.01% of their portfolio ST. PETERSBURG, FL 43,76043.8k $388.6k $388.6k 0.01% Added +10.5k +10,525
83 SAGE RHINO CAPITAL LLC 0.07% of their portfolio MENLO PARK, CA 43,48543.5k $386.1k $386.1k 0.07% Reduced -366.4k -366,400
84 Closed-End Fund Advisors, Inc. 0.38% of their portfolio RICHMOND, VA 42,33442.3k $375.9k $375.9k 0.38% Reduced -373.4k -373,412
85 NewEdge Wealth, LLC 0.00% of their portfolio STAMFORD, CT 41,30141.3k $366.8k $366.8k 0.00% New
86 Autumn Glory Partners, LLC 0.13% of their portfolio DALLAS, TX 40,94340.9k $363.6k $363.6k 0.13% Reduced -21.0k -21,000
87 Cohen Capital Management, Inc. 0.05% of their portfolio CORTE MADERA, CA 38,69438.7k $343.6k $343.6k 0.05% Reduced -108 -108
88 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 38,19938.2k $339.2k $339.2k 0.00% New
89 WEALTH ALLIANCE, LLC 0.03% of their portfolio MELLVILLE, NY 36,03636.0k $320.0k $320.0k 0.03% Unchanged
90 Investment Partners Asset Management, Inc. 0.18% of their portfolio METUCHEN, NJ 32,22432.2k $286.1k $286.1k 0.18% Added +1.7k +1,727
91 Entropy Technologies, LP 0.01% of their portfolio NEW YORK, NY 31,46231.5k $279.4k $279.4k 0.01% Added +10.5k +10,463
92 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 30,92630.9k $274.6k $274.6k 0.00% Unchanged
93 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 30,43430.4k $270.3k $270.3k 0.00% Reduced -6.6k -6,600
94 Tyche Wealth Partners LLC 0.04% of their portfolio PLANO, TX 27,30027.3k $242.4k $242.4k 0.04% Added +13.1k +13,138
95 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 27,09727.1k $251.2k $251.2k 0.00% Reduced -4.3k -4,307
96 Generali Investments CEE, investicni spolecnost, a.s. 0.01% of their portfolio PRAGUE, 2N 26,80726.8k $238.0k $238.0k 0.01% Unchanged
97 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio ORLANDO, FL 26,22026.2k $231.4k $231.4k 0.02% Reduced -1.0k -1,000
98 Stirlingshire Investments, Inc. 0.21% of their portfolio NEW YORK, NY 25,99326.0k $239.1k $239.1k 0.21% Reduced -8.1k -8,080
99 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 25,68925.7k $228.1k $228.1k 0.00% Reduced -60.0k -59,976
100 Black Maple Capital Management LP 0.17% of their portfolio MILWAUKEE, WI 25,00025.0k $222.0k $222.0k 0.17% Added +15.0k +15,000