Who owns BACC (BACC)
Which tracked institutional funds hold BACC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BACC company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
9 tracked funds added or opened BACC while 18 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
BACC’s largest tracked holder by dollar value, Decagon Asset Management LLP, sizes it at 3.4% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 3.4pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BACC divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 64 tracked filers holding BACC, 21 increased or opened the position and 26 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in BACC between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 3
- RLH Capital LLC$4M
- O'Connor Alternative Investments LLC$2M
- Crossingbridge Advisors, LLC$1M
Full exits 4
- TWO SIGMA INVESTMENTS, LP$6M
- Centiva Capital, LP$3M
- OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC)$2M
- Virtu Financial LLC$678K
Largest adds
- SONA ASSET MANAGEMENT (US) LLC$14M
- LMR Partners LLP$4M
- Quarry LP$2M
- BERKLEY W R CORP$1M
- K2 PRINCIPAL FUND, L.P.$891K
- GLAZER CAPITAL, LLC$793K
Largest trims
- METEORA CAPITAL, LLC$92M
- TENOR CAPITAL MANAGEMENT Co., L.P.$27M
- Hudson Bay Capital Management LP$4M
- RIVERNORTH CAPITAL MANAGEMENT, LLC$4M
- Governors Lane LP$3M
- Bulldog Investors, LLP$3M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| SONA ASSET MANAGEMENT (US) LLC added | 3,342,359 | $34M | 13.3% | 2026-Q1 |
| Context Capital Management, LLC | 100,000 | $30M | 11.7% | 2026-Q1 |
| LMR Partners LLP added | 1,915,455 | $20M | 7.6% | 2026-Q1 |
| TENOR CAPITAL MANAGEMENT Co., L.P. added | 1,493,127 | $15M | 5.9% | 2026-Q1 |
| Magnetar Financial LLC | 1,198,763 | $12M | 4.8% | 2026-Q1 |
| D. E. Shaw & Co., Inc. | 988,054 | $10M | 3.9% | 2026-Q1 |
| Alberta Investment Management Corp | 700,000 | $7M | 2.8% | 2026-Q1 |
| Karpus Management, Inc. trimmed | 645,990 | $7M | 2.6% | 2026-Q1 |
| Radcliffe Capital Management, L.P. added | 522,226 | $5M | 2.1% | 2026-Q1 |
| AQR Arbitrage LLC trimmed | 489,517 | $5M | 1.9% | 2026-Q1 |
| Davidson Kempner Capital Management LP | 459,832 | $5M | 1.8% | 2026-Q1 |
| Lineage Point Capital LP | 431,351 | $4M | 1.7% | 2026-Q1 |
| MOORE CAPITAL MANAGEMENT, LP | 400,000 | $4M | 1.6% | 2026-Q1 |
| RLH Capital LLC new | 371,000 | $4M | 1.5% | 2026-Q1 |
| Polar Asset Management Partners Inc. | 300,000 | $3M | 1.2% | 2026-Q1 |
| TORONTO DOMINION BANK trimmed | 276,400 | $3M | 1.1% | 2026-Q1 |
| MMCAP International Inc. SPC | 250,000 | $3M | 1.0% | 2026-Q1 |
| Westchester Capital Management, LLC | 247,210 | $3M | 1.0% | 2026-Q1 |
| Quarry LP added | 228,000 | $2M | 0.9% | 2026-Q1 |
| O'Connor Alternative Investments LLC new | 200,000 | $2M | 0.8% | 2026-Q1 |
| ARISTEIA CAPITAL, L.L.C. | 200,000 | $2M | 0.8% | 2026-Q1 |
| Shaolin Capital Management LLC trimmed | 197,246 | $2M | 0.8% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 180,395 | $2M | 0.7% | 2026-Q1 |
| WHITEBOX ADVISORS LLC | 175,000 | $2M | 0.7% | 2026-Q1 |
| Clear Street Group Inc. trimmed | 150,226 | $2M | 0.6% | 2026-Q1 |
| READYSTATE ASSET MANAGEMENT LP | 150,000 | $2M | 0.6% | 2026-Q1 |
| Calamos Advisors LLC | 123,189 | $1M | 0.5% | 2026-Q1 |
| Crossingbridge Advisors, LLC added | 110,552 | $1M | 0.4% | 2026-Q1 |
| Schonfeld Strategic Advisors LLC added | 95,000 | $970K | 0.4% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 72,512 | $740K | 0.3% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 49,926 | $509K | 0.2% | 2026-Q1 |
| Linden Advisors LP added | 1,425,000 | $461K | 0.2% | 2026-Q1 |
| OMERS ADMINISTRATION Corp | 39,092 | $406K | 0.2% | 2026-Q1 |
| HEIGHTS CAPITAL MANAGEMENT, INC | 33,455 | $342K | 0.1% | 2026-Q1 |
| Verition Fund Management LLC added | 935,709 | $281K | 0.1% | 2026-Q1 |
| HRT FINANCIAL LP trimmed | 25,650 | $265K | 0.1% | 2026-Q1 |
| METEORA CAPITAL, LLC added | 20,121 | $205K | 0.1% | 2026-Q1 |
| DELTEC ASSET MANAGEMENT LLC | 20,000 | $204K | 0.1% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 641,000 | $192K | 0.1% | 2026-Q1 |
| WOLVERINE ASSET MANAGEMENT LLC added | 17,151 | $175K | 0.1% | 2026-Q1 |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC added | 540,740 | $162K | 0.1% | 2026-Q1 |
| Bulldog Investors, LLP added | 475,683 | $143K | 0.1% | 2026-Q1 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC added | 446,469 | $134K | 0.1% | 2026-Q1 |
| Periscope Capital Inc. added | 400,000 | $120K | 0.0% | 2026-Q1 |
| K2 PRINCIPAL FUND, L.P. added | 362,268 | $109K | 0.0% | 2026-Q1 |
| Hudson Bay Capital Management LP | 351,200 | $105K | 0.0% | 2026-Q1 |
| Parallax Volatility Advisers, L.P. added | 278,610 | $84K | 0.0% | 2026-Q1 |
| Mint Tower Capital Management B.V. | 200,000 | $60K | 0.0% | 2026-Q1 |
| Governors Lane LP trimmed | 158,545 | $48K | 0.0% | 2026-Q1 |
| HGC Investment Management Inc. | 150,000 | $45K | 0.0% | 2026-Q1 |
| BERKLEY W R CORP trimmed | 131,851 | $40K | 0.0% | 2026-Q1 |
| PICTON MAHONEY ASSET MANAGEMENT trimmed | 100,000 | $30K | 0.0% | 2026-Q1 |
| MYDA Advisors LLC added | 100,000 | $30K | 0.0% | 2026-Q1 |
| Walleye Capital LLC | 100,000 | $30K | 0.0% | 2026-Q1 |
| DLD Asset Management, LP added | 87,998 | $26K | 0.0% | 2026-Q1 |
| BOOTHBAY FUND MANAGEMENT, LLC added | 81,930 | $25K | 0.0% | 2026-Q1 |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS trimmed | 52,126 | $16K | 0.0% | 2026-Q1 |
| Kepos Capital LP new | 47,100 | $14K | 0.0% | 2026-Q1 |
| PRELUDE CAPITAL MANAGEMENT, LLC added | 45,000 | $14K | 0.0% | 2026-Q1 |
| T3 Companies, LLC trimmed | 35,991 | $11K | 0.0% | 2026-Q1 |
| FNY Investment Advisers, LLC trimmed | 20,000 | $6K | 0.0% | 2026-Q1 |
| UBS Group AG | 306 | $3K | 0.0% | 2026-Q1 |
| MORGAN STANLEY added | 74 | $756 | 0.0% | 2026-Q1 |
| GLAZER CAPITAL, LLC trimmed | 16 | — | 0.0% | 2026-Q1 |
| Decagon Asset Management LLP added | 215,371 | $35M | 13.6% | 2025-Q3 stale |
| TWO SIGMA INVESTMENTS, LP | 634,375 | $6M | 2.5% | 2025-Q4 stale |
| CLEAR STREET LLC new | 327,385 | $3M | 1.3% | 2025-Q2 stale |
| Centiva Capital, LP | 300,000 | $3M | 1.2% | 2025-Q4 stale |
| Empyrean Capital Partners, LP new | 300,000 | $3M | 1.2% | 2025-Q2 stale |
| First Trust Capital Management L.P. | 212,216 | $2M | 0.8% | 2025-Q3 stale |
| CSS LLC/IL new | 108,209 | $1M | 0.4% | 2025-Q2 stale |
| MIZUHO SECURITIES USA LLC trimmed | 99,900 | $997K | 0.4% | 2025-Q3 stale |
| ATW SPAC MANAGEMENT LLC | 81,250 | $820K | 0.3% | 2025-Q3 stale |
| Wealthspring Capital LLC new | 75,000 | $753K | 0.3% | 2025-Q2 stale |
| Virtu Financial LLC trimmed | 66,369 | $678K | 0.3% | 2025-Q4 stale |
| JANE STREET GROUP, LLC new | 64,034 | $643K | 0.3% | 2025-Q2 stale |
| Vazirani Asset Management LLC new | 50,000 | $502K | 0.2% | 2025-Q2 stale |
| StoneX Group Inc. | 50,000 | $500K | 0.2% | 2025-Q3 stale |
| Stoic Point Capital Management LLC new | 25,000 | $255K | 0.1% | 2025-Q4 stale |
| CANTOR FITZGERALD, L. P. added | 702,409 | $211K | 0.1% | 2025-Q4 stale |
| Sandia Investment Management LP trimmed | 19,741 | $208K | 0.1% | 2025-Q4 stale |
| ROYAL BANK OF CANADA trimmed | 13,790 | $138K | 0.1% | 2025-Q3 stale |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) new | 200,000 | $60K | 0.0% | 2025-Q4 stale |
| Alpine Global Management, LLC new | 300,000 | $48K | 0.0% | 2025-Q3 stale |
| Lighthouse Investment Partners, LLC | 200,000 | $32K | 0.0% | 2025-Q3 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. new | 0 | — | 0.0% | 2025-Q2 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.