Vault-13

CARLYLE SECURED LENDING INC CGBD

COM · Common Stock · CUSIP 872280102 · ISIN US8722801029

120 institutional holders +4 vs Q4 2024
18,449,27318.4m shares reported held*
25.3% of all shares outstanding*
$298.4mreported value*
19 new 36 added 32 reduced 13 sold out net bought ≈ $84.7m (+5.2m 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: 72.9m as of 2025-05-05, 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 ≈ $16.18. Options: 6 managers hold calls ($1.7m notional), 4 hold puts ($311.6k).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 96Q4 22: 110Q1 23: 104Q2 23: 99Q3 23: 106Q4 23: 121Q1 24: 112Q2 24: 118Q3 24: 125Q4 24: 116Q1 25: 120120Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202296
Q4 2022110
Q1 2023104
Q2 202399
Q3 2023106
Q4 2023121
Q1 2024112
Q2 2024118
Q3 2024125
Q4 2024116
Q1 2025120

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 23: 45 bought or addedQ2 23: 42 cut or sold outQ3 23: 58 bought or addedQ3 23: 31 cut or sold outQ3 23Q4 23: 66 bought or addedQ4 23: 35 cut or sold outQ1 24: 53 bought or addedQ1 24: 45 cut or sold outQ1 24Q2 24: 62 bought or addedQ2 24: 41 cut or sold outQ3 24: 56 bought or addedQ3 24: 50 cut or sold outQ3 24Q4 24: 51 bought or addedQ4 24: 55 cut or sold outQ1 25: 55 bought or addedQ1 25: 45 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20234542
Q3 20235831
Q4 20236635
Q1 20245345
Q2 20246241
Q3 20245650
Q4 20245155
Q1 20255545

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ2 24 calls: $1.7mQ2 24 puts: $617.1kQ2 24P/C 0.36Q3 24 calls: $1.1mQ3 24 puts: $205.3kQ3 24P/C 0.18Q4 24 calls: $1.1mQ4 24 puts: $252.1kQ4 24P/C 0.22Q1 25 calls: $1.7mQ1 25 puts: $311.6kQ1 25P/C 0.19
Numbers
QuarterCallsPutsP/C
Q2 2024$1.7m$617.1k0.36
Q3 2024$1.1m$205.3k0.18
Q4 2024$1.1m$252.1k0.22
Q1 2025$1.7m$311.6k0.19

Biggest buyers

Creative Planning Added +4,858,884+4.9m
CITADEL ADVISORS LLC New +175,568+175.6k
Ethos Financial Group, LLC New +171,871+171.9k
MORGAN STANLEY Added +71,981+72.0k
TWO SIGMA ADVISERS, LP Added +67,700+67.7k
TWO SIGMA INVESTMENTS, LP Added +57,739+57.7k
ExodusPoint Capital Management, LP New +57,078+57.1k
Virtus Investment Advisers, LLC New +51,990+52.0k
TUDOR INVESTMENT CORP ET AL New +46,030+46.0k
Greenland Capital Management LP Added +37,500+37.5k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -130,827-130.8k
HERBST GROUP, LLC Sold out -127,180-127.2k
VAN ECK ASSOCIATES CORP Reduced -93,443-93.4k
GFS Advisors, LLC Sold out -49,700-49.7k
VIRTUS ADVISERS, LLC Sold out -47,761-47.8k
Trexquant Investment LP Reduced -45,941-45.9k
GRIMES & Co WEALTH MANAGEMENT, LLC Sold out -30,104-30.1k
U.S. Capital Wealth Advisors, LLC Reduced -25,890-25.9k
Kovack Advisors, Inc. Sold out -24,875-24.9k
Aptus Capital Advisors, LLC Sold out -21,291-21.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $703.8k43.5k shares
CITADEL ADVISORS LLC Reduced $414.2k25.6k shares
GROUP ONE TRADING LLC Added $207.1k12.8k shares
WOLVERINE TRADING, LLC New $172.2k10.3k shares
SIMPLEX TRADING, LLC Added $160.0k9.9k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $218.4k13.5k shares
SIMPLEX TRADING, LLC Added $77.0k4.8k shares
GROUP ONE TRADING LLC New $16.2k1.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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 2025

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
202Q2 23: 2 buyingQ2 23: 0 sellingQ3 23: 1 buyingQ3 23: 0 sellingQ3 23Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 1 buyingQ3 24: 1 sellingQ3 24Q4 24: 1 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20232$181.8k0——
Q3 20231$73.9k0——
Q4 20230—0——
Q1 20240—0——
Q2 20240—0——
Q3 20241$80.7k1$64.3k—
Q4 20241$1.1m0——
Q1 20250—0——

None reported in Q1 2025.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Creative Planning 0.07% of their portfolio OVERLAND PARK, KS 4,872,2734.9m $78.8m $78.8m 0.07% Added +4.9m +4,858,884
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,349,2472.3m $38.0m $38.0m 0.00% Added +72.0k +71,981
3 LSV ASSET MANAGEMENT 0.05% of their portfolio CHICAGO, IL 1,256,0891.3m $20.3m $20.3m 0.05% Reduced -5.6k -5,600
4 VAN ECK ASSOCIATES CORP 0.03% of their portfolio NEW YORK, NY 1,203,8631.2m $19.5m $19.5m 0.03% Reduced -93.4k -93,443
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,061,7791.1m $17.2m $17.2m 0.00% Reduced -130.8k -130,827
6 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 657,900657.9k $10.6m $10.6m 0.00% Reduced -1.7k -1,664
7 TWO SIGMA ADVISERS, LP 0.02% of their portfolio NEW YORK, NY 516,800516.8k $8.4m $8.4m 0.02% Added +67.7k +67,700
8 UBS Group AG 0.00% of their portfolio ZURICH, V8 411,585411.6k $6.7m $6.7m 0.00% Added +28.3k +28,251
9 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 345,805345.8k $5.6m $5.6m 0.01% Added +57.7k +57,739
10 Legal & General Group Plc 0.00% of their portfolio London, X0 332,189332.2k $5.4m $5.4m 0.00% Reduced -4.4k -4,427
11 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 275,612275.6k $4.5m $4.5m 0.00% Added +5.1k +5,054
12 CONDOR CAPITAL MANAGEMENT 0.42% of their portfolio MARTINSVILLE, NJ 275,409275.4k $4.5m $4.5m 0.42% Added +8.6k +8,573
13 Advisors Asset Management, Inc. 0.08% of their portfolio Monument, CO 248,348248.3k $4.0m $4.0m 0.08% Added +8.4k +8,378
14 HAGER INVESTMENT MANAGEMENT SERVICES, LLC 2.56% of their portfolio NEW LONDON, NH 226,166226.2k $3.7m $3.7m 2.56% Reduced -2.1k -2,101
15 BlackRock, Inc. 0.00% of their portfolio New York, NY 197,325197.3k $3.2m $3.2m 0.00% Reduced -5.9k -5,875
16 GRIES FINANCIAL LLC 0.62% of their portfolio Cleveland, OH 197,240197.2k $3.2m $3.2m 0.62% Reduced -750 -750
17 Muzinich & Co., Inc. 1.93% of their portfolio NEW YORK, NY 194,717194.7k $3.2m $3.2m 1.93% Reduced -7.8k -7,755
18 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 186,304186.3k $3.0m $3.0m 0.00% Added +7.5k +7,474
19 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 184,149184.1k $3.0m $3.0m 0.00% Added +4.4k +4,385
20 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 183,401183.4k $3.0m $3.0m 0.00% Reduced -14.0k -13,982
21 NOVARE CAPITAL MANAGEMENT LLC 0.25% of their portfolio CHARLOTTE, NC 175,955176.0k $2.8m $2.8m 0.25% Reduced -2.8k -2,750
22 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 175,568175.6k $2.8m $2.8m 0.00% New
23 Ethos Financial Group, LLC 0.27% of their portfolio KING OF PRUSSIA, PA 171,871171.9k $2.8m $2.8m 0.27% New
24 DENALI ADVISORS LLC 0.25% of their portfolio SAN DIEGO, CA 136,036136.0k $2.2m $2.2m 0.25% Reduced -4.4k -4,411
25 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 130,500130.5k $2.1m $2.1m 0.00% Unchanged
26 Hennion & Walsh Asset Management, Inc. 0.08% of their portfolio Parsippany, NJ 116,635116.6k $1.9m $1.9m 0.08% Reduced -368 -368
27 COMERICA BANK 0.01% of their portfolio DALLAS, TX 88,36788.4k $1.4m $1.4m 0.01% Reduced -78 -78
28 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 82,45882.5k $1.3m $1.3m 0.00% Added +20.5k +20,549
29 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 74,43774.4k $1.2m $1.2m 0.01% Added +1.3k +1,337
30 PARK CIRCLE Co 1.03% of their portfolio BALTIMORE, MD 71,22571.2k $1.2m $1.2m 1.03% Unchanged
31 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 70,40470.4k $1.1m $1.1m 0.00% Reduced -4.7k -4,661
32 Greenland Capital Management LP 0.19% of their portfolio NEW YORK, NY 70,00070.0k $1.1m $1.1m 0.19% Added +37.5k +37,500
33 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 64,95765.0k $1.1m $1.1m 0.00% Reduced -2 -2
34 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 64,60064.6k $1.0m $1.0m 0.00% Unchanged
35 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 61,70961.7k $998.5k $998.5k 0.00% Added +10.2k +10,196
36 BluePointe Capital Management, LLC 0.39% of their portfolio San Mateo, CA 61,51761.5k $1.0m $1.0m 0.39% Added +2.9k +2,853
37 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 61,13961.1k $989.4k $989.4k 0.00% Reduced -11.6k -11,574
38 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 58,19558.2k $941.6k $941.6k 0.00% Added +12.8k +12,843
39 ExodusPoint Capital Management, LP 0.01% of their portfolio NEW YORK, NY 57,07857.1k $924.0k $924.0k 0.01% New
40 Bright Futures Wealth Management, LLC. 0.88% of their portfolio WEBSTER, NY 14580, NY 57,06457.1k $804.6k $804.6k 0.88% Reduced -4.2k -4,244
41 Redhawk Wealth Advisors, Inc. 0.12% of their portfolio MINNEAPOLIS, MN 53,78453.8k $870.2k $870.2k 0.12% Added +14.4k +14,381
42 Virtus Investment Advisers, LLC 0.23% of their portfolio HARTFORD, CT 51,99052.0k $841.2k $841.2k 0.23% New
43 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 50,00050.0k $809.0k $809.0k 0.00% Unchanged
44 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 47,97148.0k $776.2k $776.2k 0.00% Reduced -17 -17
45 TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio STAMFORD, CT 46,03046.0k $744.8k $744.8k 0.01% New
46 Round Rock Advisors LLC 0.14% of their portfolio WILTON, CT 45,80045.8k $741.0k $741.0k 0.14% Added +27.2k +27,230
47 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 45,56845.6k $737.3k $737.3k 0.00% Added +4.7k +4,659
48 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 43,89243.9k $711.0k $711.0k 0.00% Added +6.6k +6,623
49 Northeast Financial Consultants Inc 0.03% of their portfolio WESTPORT, CT 42,77042.8k $692.0k $692.0k 0.03% Unchanged
50 Triumph Capital Management 0.22% of their portfolio DENVER, CO 41,63141.6k $673.6k $673.6k 0.22% Added +2.0k +2,038
51 FineMark National Bank & Trust 0.02% of their portfolio FORT MYERS, FL 41,62441.6k $673.5k $673.5k 0.02% Unchanged
52 Verdence Capital Advisors LLC 0.05% of their portfolio HUNT VALLEY, MD 40,96541.0k $662.8k $662.8k 0.05% Added +8.7k +8,663
53 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 36,15136.2k $584.9k $584.9k 0.00% New
54 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 36,08536.1k $584.0k $584.0k 0.00% Reduced -6.4k -6,405
55 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 34,28934.3k $554.8k $554.8k 0.00% Added +2.5k +2,511
56 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 32,52632.5k $526.3k $526.3k 0.00% Added +2.9k +2,897
57 Arkadios Wealth Advisors 0.02% of their portfolio ATLANTA, GA 32,41032.4k $524.4k $524.4k 0.02% Unchanged
58 GLENMEDE TRUST CO NA 0.00% of their portfolio PHILADELPHIA, PA 32,17532.2k $520.6k $520.6k 0.00% Reduced -2.7k -2,654
59 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 32,04932.0k $518.6k $518.6k 0.00% Added +13.2k +13,162
60 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 31,10731.1k $503.0k $503.0k 0.00% Added +2.5k +2,495
61 Keebeck Wealth Management 0.07% of their portfolio Chicago, IL 31,00031.0k $501.6k $501.6k 0.07% Unchanged
62 CAXTON ASSOCIATES LLP 0.02% of their portfolio LONDON, X0 29,44529.4k $476.4k $476.4k 0.02% First filing
63 AdvisorNet Financial, Inc 0.03% of their portfolio MINNETONKA, MN 26,06226.1k $421.7k $421.7k 0.03% Added +26.0k +26,030
64 Aquatic Capital Management LLC 0.01% of their portfolio CHICAGO, IL 25,70825.7k $416.0k $416.0k 0.01% Added +23.1k +23,141
65 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 25,09025.1k $406.0k $406.0k 0.00% New
66 United Advisor Group, LLC 0.08% of their portfolio CINCINNATI, OH 23,91923.9k $387.0k $387.0k 0.08% Unchanged
67 Trexquant Investment LP 0.00% of their portfolio STAMFORD, CT 23,90923.9k $386.8k $386.8k 0.00% Reduced -45.9k -45,941
68 Apollon Wealth Management, LLC 0.01% of their portfolio MOUNT PLEASANT, SC 23,88323.9k $386.4k $386.4k 0.01% Reduced -6.5k -6,503
69 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 22,26222.3k $360.2k $360.2k 0.00% Added +1 +1
70 Clarus Group, Inc. 0.13% of their portfolio HOUSTON, TX 21,29121.3k $344.5k $344.5k 0.13% Unchanged
71 XTX Topco Ltd 0.02% of their portfolio LONDON, X0 21,01921.0k $340.1k $340.1k 0.02% Added +2.5k +2,478
72 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 20,61520.6k $333.6k $333.6k 0.01% Unchanged
73 Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio VANCOUVER, A1 20,41320.4k $330.3k $330.3k 0.00% Reduced -19.6k -19,563
74 Virtu Financial LLC 0.02% of their portfolio New York, NY 18,96719.0k $307.0k $307.0k 0.02% New
75 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 18,75118.8k $303.4k $303.4k 0.00% Added +687 +687
76 Savant Capital, LLC 0.00% of their portfolio ROCKFORD, IL 18,29818.3k $296.1k $296.1k 0.00% Added +438 +438
77 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio ORLANDO, FL 18,12518.1k $293.3k $293.3k 0.03% Unchanged
78 Financial Alternatives, Inc 0.20% of their portfolio LA JOLLA, CA 17,59117.6k $284.6k $284.6k 0.20% Reduced -2.4k -2,400
79 MGB Wealth Management, LLC 0.11% of their portfolio ADDISON, TX 17,19917.2k $290.6k $290.6k 0.11% New
80 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 15,34915.3k $248.0k $248.0k 0.00% Reduced -104 -104
81 Activest Wealth Management 0.06% of their portfolio AVENTURA, FL 13,72513.7k $222.1k $222.1k 0.06% Unchanged
82 EMC Capital Management 0.13% of their portfolio HOUSTON, TX 13,02113.0k $211.0k $211.0k 0.13% Unchanged
83 Quadrature Capital Ltd 0.00% of their portfolio LONDON, X0 12,77712.8k $206.6k $206.6k 0.00% New
84 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 11,79011.8k $190.8k $190.8k 0.00% Unchanged
85 GREAT VALLEY ADVISOR GROUP, INC. 0.00% of their portfolio WILMINGTON, DE 11,66511.7k $188.7k $188.7k 0.00% Unchanged
86 SCS Capital Management LLC 0.00% of their portfolio BOSTON, MA 11,31411.3k $188.2k $188.2k 0.00% New
87 Marcum Wealth, LLC 0.02% of their portfolio CLEVELAND, OH 11,31411.3k $183.1k $183.1k 0.02% Unchanged
88 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 10,50510.5k $170.0k $170.0k 0.00% New
89 U.S. Capital Wealth Advisors, LLC 0.01% of their portfolio AUSTIN, TX 10,31010.3k $166.8k $166.8k 0.01% Reduced -25.9k -25,890
90 Sunbelt Securities, Inc. 0.01% of their portfolio HOUSTON, TX 10,29710.3k $166.6k $166.6k 0.01% Added +1.5k +1,500
91 Canton Hathaway, LLC 0.03% of their portfolio PROVIDENCE, RI 9,7959.8k $158.0k $158.0k 0.03% Added +7.2k +7,155
92 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 7,3077.3k $118.2k $118.2k 0.00% Added +4.5k +4,456
93 CWM, LLC 0.00% of their portfolio OMAHA, NE 6,8026.8k $110.0k $110.0k 0.00% Added +302 +302
94 HARBOR INVESTMENT ADVISORY, LLC 0.01% of their portfolio LUTHERVILLE, MD 4,2104.2k $68.1k $68.1k 0.01% Unchanged
95 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 2,5282.5k $36.9k $36.9k 0.00% Unchanged
96 BI Asset Management Fondsmaeglerselskab A/S 0.00% of their portfolio KOBENHAVN, G7 2,3392.3k $38.0k $38.0k 0.00% Unchanged
97 Heritage Wealth Advisors 0.00% of their portfolio RICHMOND, VA 2,1002.1k $34.0k $34.0k 0.00% Unchanged
98 Quarry LP 0.01% of their portfolio NEW YORK, NY 2,0072.0k $32.5k $32.5k 0.01% New
99 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,5301.5k $24.8k $24.8k 0.00% Unchanged
100 AllSquare Wealth Management LLC 0.01% of their portfolio ALBANY, NY 1,4001.4k $22.7k $22.7k 0.01% Reduced -300 -300