Who Owns Putnam BDC Income ETF (PBDC)?Hedge Fund & Institutional Holders

$26.61+0.08 (+0.30%)Financial ServicesNYSE_ARCA

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$1.0427392930002848e+131T

% of Float Held

—

QoQ Change in Holders

+15 / -8

Price History

$26.53$29.11$31.70$34.28$36.86Sep 24Jun 25Mar 26

PBDC — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
Evolution Wealth Advisors, LLCNew Position+128K+$3.9M
Haven Private, LLCNew Position+60K+$1.8M
Apollon Wealth Management, LLCNew Position+43K+$1.3M
3EDGE Asset Management, LPNew Position+38K+$1.2M
GoalVest Advisory LLCNew Position+34K+$1.0M
COMMONWEALTH EQUITY SERVICES, LLCNew Position+50K+$1.0M
Shade Tree Advisors LLCNew Position+32K+$970K
Closed-End Fund Advisors, Inc.New Position+28K+$871K
CONFLUENCE INVESTMENT MANAGEMENT LLCNew Position+28K+$845K
CASTLEKEEP INVESTMENT ADVISORS LLCNew Position+27K+$838K
Samalin Investment Counsel, LLCNew Position+24K+$747K
Discipline Wealth Solutions, LLCNew Position+24K+$725K
Naviter Wealth, LLCNew Position+19K+$595K
Pinion Investment Advisors, LLCNew Position+17K+$526K
Stratos Wealth Partners, LTD.New Position+15K+$471K

PBDC — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
RAYMOND JAMES FINANCIAL INCDecreased-134K-$5.2B
Cetera Investment AdvisersDecreased-7K-$3.6B
Steward Partners Investment Advisory, LLCDecreased-17K-$3.2B
Stonebridge Financial Planning Group, LLCDecreased-14K-$2.8B
Newbridge Financial Services Group, Inc.Decreased-58K-$1.8B
Prosperity Financial Group, Inc.Closed Position-55K-$1.7B
SMITH, MOORE & CO.Closed Position-42K-$1.3B
Wealthcare Advisory Partners LLCDecreased-24K-$1.2B
OSAIC HOLDINGS, INC.Decreased-15K-$1.1B
ROYAL BANK OF CANADAClosed Position-26K-$827.0M
JANE STREET GROUP, LLCClosed Position-18K-$574.3M
HBK Sorce Advisory LLCClosed Position-18K-$540.6M
PRINCIPAL SECURITIES, INC.Closed Position-14K-$435.4M
KESTRA PRIVATE WEALTH SERVICES, LLCClosed Position-11K-$341.9M
D. E. Shaw & Co., Inc.Closed Position-8K-$269.9M

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1CONDOR CAPITAL MANAGEMENT340,779$10.4M0.84%Share
2Evolution Wealth Advisors, LLC128,400$3.9M0.40%Share
3Cetera Investment Advisers106,262$3.0M0.00%Share
4Corient Private Wealth LLC93,142$2.9M0.00%Share
5Stonebridge Financial Planning Group, LLC74,649$2.3M0.82%Share
6LPL Financial LLC88,606$2.0M0.00%Share
7Steward Partners Investment Advisory, LLC84,061$2.0M0.01%Share
8Haven Private, LLC59,515$1.8M0.80%Share
9RFG Advisory, LLC46,639$1.4M0.03%Share
10Apollon Wealth Management, LLC43,214$1.3M0.02%Share
113EDGE Asset Management, LP37,887$1.2M0.06%Share
12Farther Finance Advisors, LLC37,652$1.2M0.01%Share
13GoalVest Advisory LLC34,218$1.0M0.20%Share
14COMMONWEALTH EQUITY SERVICES, LLC50,173$1.0M0.00%Share
15Shade Tree Advisors LLC31,700$970K0.74%Share
16Closed-End Fund Advisors, Inc.28,476$871K0.51%Share
17CONFLUENCE INVESTMENT MANAGEMENT LLC27,635$845K0.01%Share
18CASTLEKEEP INVESTMENT ADVISORS LLC27,393$838K0.38%Share
19Samalin Investment Counsel, LLC24,418$747K0.26%Share
20Discipline Wealth Solutions, LLC23,717$725K0.13%Share
21Naviter Wealth, LLC19,466$595K0.08%Share
22UBS Group AG19,442$594K0.00%Share
23Pinion Investment Advisors, LLC17,208$526K0.13%Share
24Stratos Wealth Partners, LTD.15,400$471K0.01%Share
25Wealthcare Advisory Partners LLC14,984$458K0.01%Share
26D.A. DAVIDSON & CO.14,176$433K0.00%Share
27J.W. COLE ADVISORS, INC.12,659$387K0.01%Share
28GRIMES & Co WEALTH MANAGEMENT, LLC11,700$358K0.01%Share
29Accurate Wealth Management, LLC10,784$332K0.04%Share
30GENTRY PRIVATE WEALTH, LLC10,362$317K0.20%Share
31Allworth Financial LP10,200$312K0.00%Share
32Advyzon Investment Management, LLC9,166$280K0.03%Share
33Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors8,075$247K0.03%Share
34GUIDANCE CAPITAL, INC7,962$247K0.06%Share
35CWM, LLC8,078$247K0.00%Share
36Encompass More Asset Management6,983$213K0.04%Share
37Miller Global Investments, LLC1,441$44K0.04%Share
38NBC SECURITIES, INC.1,052$32K0.00%Share
39EverSource Wealth Advisors, LLC1,000$30K0.00%Share
40Newbridge Financial Services Group, Inc.432$13K0.00%Share
41ASSETMARK, INC176$5K0.00%Share
42Roble, Belko & Company, Inc140$4K0.00%Share
43AMERIFLEX GROUP, INC.125$3K0.00%Share
44Strive Financial Group ,LLC8$00.00%Share
45OSAIC HOLDINGS, INC.17,797$00.00%Share
46MORGAN STANLEY8$00.00%Share
47MORGAN STANLEY1$00.00%Share
48ENVESTNET ASSET MANAGEMENT INC22,741$00.00%Share
49RAYMOND JAMES FINANCIAL INC16,223$00.00%Share
50Mariner, LLC10,000$00.00%Share

PBDC Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 202555$46.6M+24
Q3 202531$39.6B-3
Q2 202534$44.3B-5
Q1 202539$39.2B+6
Q4 202433$4.6T+10
Q3 202423$6.6T+6
Q2 202417$5.3T-2
Q1 202419$15.1T—

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As of Q4 2025, 50 institutional investors hold PBDC (Putnam BDC Income ETF). The largest holder is CONDOR CAPITAL MANAGEMENT with $10.4M in shares. This quarter, 15 institutions opened new positions and 8 closed their positions.

Frequently Asked Questions

How many hedge funds own PBDC?

As of Q4 2025, 50 institutional investors report holding PBDC (Putnam BDC Income ETF) in their 13F filings.

Who is the largest institutional holder of PBDC?

The largest institutional holder of PBDC is CONDOR CAPITAL MANAGEMENT with $10.4M in shares.

Is institutional ownership of PBDC increasing or decreasing?

This quarter, 15 institutions opened new positions in PBDC and 8 closed their positions.