GOLUB CAP BDC INC

Ticker: GBDC CUSIP: 38173M102 Class: COM

CONFLUENCE INVESTMENT MANAGEMENT LLC's Holding History (CIK: 0001442056)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 345,905 Value ($000) $4,694 Avg Close $13.54 Range $12.90 - $14.02

Q3 2025

Shares 367,746 Value ($000) $5,034 Avg Close $14.01 Range $13.21 - $14.80

Q2 2025

Shares 451,191 Value ($000) $6,610 Avg Close $13.49 Range $11.70 - $14.15

Q1 2025

Shares 349,833 Value ($000) $5,296 Avg Close $13.93 Range $13.31 - $14.40

Q4 2024

Shares 347,488 Value ($000) $5,268 Avg Close $13.42 Range $12.92 - $13.85

Q3 2024

Shares 345,613 Value ($000) $5,222 Avg Close $12.89 Range $11.85 - $13.56

Q2 2024

Shares 336,119 Value ($000) $5,280 Avg Close $13.68 Range $13.02 - $14.51

Q1 2024

Shares 331,284 Value ($000) $5,509 Avg Close $12.56 Range $11.92 - $13.73

Q4 2023

Shares 352,073 Value ($000) $5,316 Avg Close $11.45 Range $10.77 - $12.21

Q3 2023

Shares 351,835 Value ($000) $5,161 Avg Close $10.75 Range $9.94 - $11.45

Q2 2023

Shares 311,604 Value ($000) $4,207 Avg Close $9.80 Range $9.35 - $10.27

Q1 2023

Shares 310,061 Value ($000) $4,204 Avg Close $9.71 Range $8.98 - $10.16

Q4 2022

Shares 348,738 Value ($000) $5 Avg Close $9.25 Range $8.43 - $9.94

Q3 2022

Shares 348,397 Value ($000) $4,316 Avg Close $9.35 Range $8.32 - $9.84

Q2 2022

Shares 350,751 Value ($000) $4,546 Avg Close $9.62 Range $8.61 - $10.40

Q1 2022

Shares 326,806 Value ($000) $4,970 Avg Close $10.21 Range $9.73 - $10.63

Q4 2021

Shares 326,343 Value ($000) $5,039 Avg Close $9.99 Range $9.59 - $10.31

Q3 2021

Shares 326,606 Value ($000) $5,163 Avg Close $9.95 Range $9.63 - $10.24

Q2 2021

Shares 318,441 Value ($000) $4,910 Avg Close $9.64 Range $9.04 - $10.04

Q1 2021

Shares 316,553 Value ($000) $4,628 Avg Close $8.98 Range $8.48 - $9.50

Q4 2020

Shares 366,364 Value ($000) $5,180 Avg Close $8.17 Range $7.32 - $8.60

Q3 2020

Shares 360,783 Value ($000) $4,777 Avg Close $7.31 Range $6.51 - $8.03

Q2 2020

Shares 360,596 Value ($000) $4,200 Avg Close $6.44 Range $5.05 - $7.41

Q1 2020

Shares 409,753 Value ($000) $5,147 Avg Close $9.17 Range $5.42 - $10.11

Q4 2019

Shares 647,291 Value ($000) $11,522 Avg Close $9.64 Range $9.04 - $10.16

Q3 2019

Shares 650,876 Value ($000) $12,262 Avg Close $9.68 Range $9.22 - $10.18

Q2 2019

Shares 647,291 Value ($000) $11,522 Avg Close $9.24 Range $8.93 - $9.49

Q1 2019

Shares 684,705 Value ($000) $12,243 Avg Close $9.11 Range $8.25 - $9.44

Q4 2018

Shares 687,538 Value ($000) $11,337 Avg Close $8.99 Range $8.17 - $9.79

Q3 2018

Shares 670,737 Value ($000) $12,576 Avg Close $9.15 Range $8.83 - $9.32

Q2 2018

Shares 670,737 Value ($000) $12,274 Avg Close $8.71 Range $8.46 - $9.00

Q1 2018

Shares 672,413 Value ($000) $12,030 Avg Close $8.49 Range $8.10 - $8.69

Q4 2017

Shares 678,086 Value ($000) $12,341 Avg Close $8.68 Range $8.49 - $8.93

Q3 2017

Shares 676,860 Value ($000) $12,739 Avg Close $8.61 Range $8.26 - $8.93

Q2 2017

Shares 685,888 Value ($000) $13,114 Avg Close $8.85 Range $8.55 - $9.07

Q1 2017

Shares 705,872 Value ($000) $14,033 Avg Close $8.29 Range $7.94 - $8.83

Q4 2016

Shares 781,172 Value ($000) $14,366 Avg Close $7.78 Range $7.31 - $8.14

Q3 2016

Shares 785,122 Value ($000) $14,580 Avg Close $7.81 Range $7.48 - $8.26

Q2 2016

Shares 780,385 Value ($000) $14,102 Avg Close $7.10 Range $6.80 - $7.54

Q1 2016

Shares 762,338 Value ($000) $13,196 Avg Close $6.58 Range $5.92 - $7.11

Q4 2015

Shares 758,033 Value ($000) $12,606 Avg Close $6.62 Range $6.25 - $6.90

Q3 2015

Shares 757,911 Value ($000) $12,111 Avg Close $6.39 Range $6.13 - $6.81

Q2 2015

Shares 734,361 Value ($000) $12,161 Avg Close $6.56 Range $6.33 - $6.79

Q1 2015

Shares 679,976 Value ($000) $11,934 Avg Close $6.58 Range $6.40 - $6.80

Q4 2014

Shares 679,265 Value ($000) $12,179 Avg Close $6.28 Range $5.80 - $6.76

Q3 2014

Shares 901,469 Value ($000) $14,378 Avg Close $6.09 Range $5.78 - $6.43

Q2 2014

Shares 1,091,497 Value ($000) $19,320 Avg Close $5.99 Range $5.46 - $6.42

Q1 2014

Shares 1,479,606 Value ($000) $26,396 Avg Close $6.43 Range $6.10 - $6.79

Q4 2013

Shares 1,582,486 Value ($000) $30,241 Avg Close $6.05 Range $5.67 - $6.64

Q3 2013

Shares 1,482,619 Value ($000) $25,686 Avg Close $5.89 Range $5.58 - $6.24

Q2 2013

Shares 1,351,251 Value ($000) $23,647 Avg Close $5.68 Range $5.21 - $6.02

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	345,905	$4,694	$13.54	$12.90 - $14.02
Q3 2025	367,746	$5,034	$14.01	$13.21 - $14.80
Q2 2025	451,191	$6,610	$13.49	$11.70 - $14.15
Q1 2025	349,833	$5,296	$13.93	$13.31 - $14.40
Q4 2024	347,488	$5,268	$13.42	$12.92 - $13.85
Q3 2024	345,613	$5,222	$12.89	$11.85 - $13.56
Q2 2024	336,119	$5,280	$13.68	$13.02 - $14.51
Q1 2024	331,284	$5,509	$12.56	$11.92 - $13.73
Q4 2023	352,073	$5,316	$11.45	$10.77 - $12.21
Q3 2023	351,835	$5,161	$10.75	$9.94 - $11.45
Q2 2023	311,604	$4,207	$9.80	$9.35 - $10.27
Q1 2023	310,061	$4,204	$9.71	$8.98 - $10.16
Q4 2022	348,738	$5	$9.25	$8.43 - $9.94
Q3 2022	348,397	$4,316	$9.35	$8.32 - $9.84
Q2 2022	350,751	$4,546	$9.62	$8.61 - $10.40
Q1 2022	326,806	$4,970	$10.21	$9.73 - $10.63
Q4 2021	326,343	$5,039	$9.99	$9.59 - $10.31
Q3 2021	326,606	$5,163	$9.95	$9.63 - $10.24
Q2 2021	318,441	$4,910	$9.64	$9.04 - $10.04
Q1 2021	316,553	$4,628	$8.98	$8.48 - $9.50
Q4 2020	366,364	$5,180	$8.17	$7.32 - $8.60
Q3 2020	360,783	$4,777	$7.31	$6.51 - $8.03
Q2 2020	360,596	$4,200	$6.44	$5.05 - $7.41
Q1 2020	409,753	$5,147	$9.17	$5.42 - $10.11
Q4 2019	647,291	$11,522	$9.64	$9.04 - $10.16
Q3 2019	650,876	$12,262	$9.68	$9.22 - $10.18
Q2 2019	647,291	$11,522	$9.24	$8.93 - $9.49
Q1 2019	684,705	$12,243	$9.11	$8.25 - $9.44
Q4 2018	687,538	$11,337	$8.99	$8.17 - $9.79
Q3 2018	670,737	$12,576	$9.15	$8.83 - $9.32
Q2 2018	670,737	$12,274	$8.71	$8.46 - $9.00
Q1 2018	672,413	$12,030	$8.49	$8.10 - $8.69
Q4 2017	678,086	$12,341	$8.68	$8.49 - $8.93
Q3 2017	676,860	$12,739	$8.61	$8.26 - $8.93
Q2 2017	685,888	$13,114	$8.85	$8.55 - $9.07
Q1 2017	705,872	$14,033	$8.29	$7.94 - $8.83
Q4 2016	781,172	$14,366	$7.78	$7.31 - $8.14
Q3 2016	785,122	$14,580	$7.81	$7.48 - $8.26
Q2 2016	780,385	$14,102	$7.10	$6.80 - $7.54
Q1 2016	762,338	$13,196	$6.58	$5.92 - $7.11
Q4 2015	758,033	$12,606	$6.62	$6.25 - $6.90
Q3 2015	757,911	$12,111	$6.39	$6.13 - $6.81
Q2 2015	734,361	$12,161	$6.56	$6.33 - $6.79
Q1 2015	679,976	$11,934	$6.58	$6.40 - $6.80
Q4 2014	679,265	$12,179	$6.28	$5.80 - $6.76
Q3 2014	901,469	$14,378	$6.09	$5.78 - $6.43
Q2 2014	1,091,497	$19,320	$5.99	$5.46 - $6.42
Q1 2014	1,479,606	$26,396	$6.43	$6.10 - $6.79
Q4 2013	1,582,486	$30,241	$6.05	$5.67 - $6.64
Q3 2013	1,482,619	$25,686	$5.89	$5.58 - $6.24
Q2 2013	1,351,251	$23,647	$5.68	$5.21 - $6.02