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

$1.042700022840002e+218T

% of Float Held

—

QoQ Change in Holders

+13 / -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
CONDOR CAPITAL MANAGEMENTIncreased+175K+$5.2B
Haven Private, LLCNew Position+60K+$1.8B
3EDGE Asset Management, LPNew Position+38K+$1.2B
Farther Finance Advisors, LLCIncreased+37K+$1.1B
GoalVest Advisory LLCNew Position+34K+$1.0B
COMMONWEALTH EQUITY SERVICES, LLCNew Position+50K+$1.0B
Shade Tree Advisors LLCNew Position+32K+$970.0M
CONFLUENCE INVESTMENT MANAGEMENT LLCNew Position+28K+$845.0M
CASTLEKEEP INVESTMENT ADVISORS LLCNew Position+27K+$838.0M
Samalin Investment Counsel, LLCNew Position+24K+$747.0M
Discipline Wealth Solutions, LLCNew Position+24K+$725.0M
Naviter Wealth, LLCNew Position+19K+$595.0M
Pinion Investment Advisors, LLCNew Position+17K+$526.0M
Stratos Wealth Partners, LTD.New Position+15K+$471.0M
D.A. DAVIDSON & CO.New Position+14K+$433.0M

PBDC — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
RAYMOND JAMES FINANCIAL INCDecreased-134K-$5.2B
Cetera Investment AdvisersDecreased-7K-$3.6B
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
Steward Partners Investment Advisory, LLCDecreased-17K-$1.2B
OSAIC HOLDINGS, INC.Decreased-15K-$1.1B
ROYAL BANK OF CANADAClosed Position-26K-$827.0M
Wealthcare Advisory Partners LLCDecreased-24K-$768.7M
JANE STREET GROUP, LLCClosed Position-18K-$574.3M
HBK Sorce Advisory LLCClosed Position-18K-$540.6M
Stonebridge Financial Planning Group, LLCDecreased-14K-$522.1M
D. E. Shaw & Co., Inc.Closed Position-8K-$269.9M
Neuberger Berman Group LLCClosed Position-7K-$206.6M
COMERICA BANKClosed Position-3K-$108.1M

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1CONDOR CAPITAL MANAGEMENT340,779$10.4B0.84%Share
2Stonebridge Financial Planning Group, LLC74,649$2.3B0.82%Share
3Steward Partners Investment Advisory, LLC84,061$2.0B0.01%Share
4Haven Private, LLC59,515$1.8B0.80%Share
53EDGE Asset Management, LP37,887$1.2B0.06%Share
6Farther Finance Advisors, LLC37,652$1.2B0.01%Share
7GoalVest Advisory LLC34,218$1.0B0.20%Share
8COMMONWEALTH EQUITY SERVICES, LLC50,173$1.0B0.00%Share
9Shade Tree Advisors LLC31,700$970.0M0.74%Share
10CONFLUENCE INVESTMENT MANAGEMENT LLC27,635$845.0M0.01%Share
11CASTLEKEEP INVESTMENT ADVISORS LLC27,393$838.0M0.38%Share
12Samalin Investment Counsel, LLC24,418$747.0M0.26%Share
13Discipline Wealth Solutions, LLC23,717$725.0M0.13%Share
14Naviter Wealth, LLC19,466$595.0M0.08%Share
15UBS Group AG19,442$594.0M0.00%Share
16Pinion Investment Advisors, LLC17,208$526.0M0.13%Share
17Stratos Wealth Partners, LTD.15,400$471.0M0.01%Share
18Wealthcare Advisory Partners LLC14,984$458.0M0.01%Share
19D.A. DAVIDSON & CO.14,176$433.0M0.00%Share
20J.W. COLE ADVISORS, INC.12,659$387.0M0.01%Share
21GRIMES & Co WEALTH MANAGEMENT, LLC11,700$358.0M0.01%Share
22Accurate Wealth Management, LLC10,784$332.0M0.04%Share
23GENTRY PRIVATE WEALTH, LLC10,362$317.0M0.20%Share
24Advyzon Investment Management, LLC9,166$280.0M0.03%Share
25GUIDANCE CAPITAL, INC7,962$247.0M0.06%Share
26Encompass More Asset Management6,983$213.0M0.04%Share
27Newbridge Financial Services Group, Inc.432$13.0M0.00%Share
28ASSETMARK, INC176$5.0M0.00%Share
29Evolution Wealth Advisors, LLC128,400$3.9M0.40%Share
30AMERIFLEX GROUP, INC.125$3.0M0.00%Share
31Cetera Investment Advisers106,262$3.0M0.00%Share
32Corient Private Wealth LLC93,142$2.9M0.00%Share
33LPL Financial LLC88,606$2.0M0.00%Share
34RFG Advisory, LLC46,639$1.4M0.03%Share
35Apollon Wealth Management, LLC43,214$1.3M0.02%Share
36Closed-End Fund Advisors, Inc.28,476$871K0.51%Share
37Allworth Financial LP10,200$312K0.00%Share
38CWM, LLC8,078$247K0.00%Share
39Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors8,075$247K0.03%Share
40Miller Global Investments, LLC1,441$44K0.04%Share
41NBC SECURITIES, INC.1,052$32K0.00%Share
42EverSource Wealth Advisors, LLC1,000$30K0.00%Share
43Roble, Belko & Company, Inc140$4K0.00%Share
44Strive Financial Group ,LLC8$00.00%Share
45RAYMOND JAMES FINANCIAL INC16,223$00.00%Share
46RAYMOND JAMES FINANCIAL INC14,350$00.00%Share
47MORGAN STANLEY8$00.00%Share
48MORGAN STANLEY1$00.00%Share
49ENVESTNET ASSET MANAGEMENT INC22,741$00.00%Share
50Rockefeller Capital Management L.P.390$00.00%Share

PBDC Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 202555$30.3B+24
Q3 202531$35.9B-3
Q2 202534$39.3B-5
Q1 202539$34.9B+6
Q4 202433$1.7T+10
Q3 202423$1.6T+6
Q2 202417$648.0B-2
Q1 202419$625.7B—

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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 $10.4B in shares. This quarter, 13 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 $10.4B in shares.

Is institutional ownership of PBDC increasing or decreasing?

This quarter, 13 institutions opened new positions in PBDC and 8 closed their positions.