Who owns BBDC (BBDC)
Which tracked institutional funds hold BBDC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BBDC 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
The tracked-fund tape on BBDC is one-sided between 2025-Q4 and 2026-Q1: 11 added or opened and 33 trimmed or exited — on balance reducing.
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
BBDC’s largest tracked holder by dollar value, BARINGS LLC, sizes it at 1.9% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.9pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BBDC 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 211 tracked filers holding BBDC, 99 increased or opened the position and 101 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 BBDC 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
- D. E. Shaw & Co., Inc.$3M
- HUB Investment Partners, LLC$1M
- BALYASNY ASSET MANAGEMENT L.P.$648K
Full exits 7
- RIVERNORTH CAPITAL MANAGEMENT, LLC$7M
- TWO SIGMA ADVISERS, LP$4M
- Skandinaviska Enskilda Banken AB (publ)$2M
- CITADEL ADVISORS LLC$961K
- Nilsine Partners, LLC$821K
- MARSHALL WACE, LLP$643K
Largest adds
- Russell Investments Group, Ltd.$4M
- Diameter Capital Partners LP$3M
- Financial Gravity Asset Management, Inc.$2M
- TWO SIGMA INVESTMENTS, LP$1M
- Cresset Asset Management, LLC$1M
- DIMENSION CAPITAL MANAGEMENT LLC$1M
Largest trims
- BARINGS LLC$13M
- VAN ECK ASSOCIATES CORP$6M
- BlackRock, Inc.$4M
- JANE STREET GROUP, LLC$3M
- ARES MANAGEMENT LLC$3M
- Closed-End Fund Advisors, Inc.$1M
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 |
|---|---|---|---|---|
| BARINGS LLC | 13,639,681 | $112M | 27.0% | 2026-Q1 |
| PRIVATE MANAGEMENT GROUP INC added | 4,300,188 | $35M | 8.5% | 2026-Q1 |
| ARES MANAGEMENT LLC added | 3,630,176 | $30M | 7.2% | 2026-Q1 |
| Cresset Asset Management, LLC added | 2,324,330 | $19M | 4.6% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP trimmed | 1,824,915 | $15M | 3.6% | 2026-Q1 |
| UBS Group AG added | 1,582,792 | $13M | 3.1% | 2026-Q1 |
| Diameter Capital Partners LP added | 1,471,800 | $12M | 2.9% | 2026-Q1 |
| MORGAN STANLEY added | 997,816 | $8M | 2.0% | 2026-Q1 |
| DIMENSION CAPITAL MANAGEMENT LLC added | 985,162 | $8M | 1.9% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 979,333 | $8M | 1.9% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 970,764 | $8M | 1.9% | 2026-Q1 |
| Focus Partners Wealth trimmed | 955,183 | $8M | 1.9% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 925,422 | $8M | 1.8% | 2026-Q1 |
| Legal & General Group Plc added | 850,977 | $7M | 1.7% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 847,774 | $7M | 1.7% | 2026-Q1 |
| Muzinich & Co., Inc. added | 700,459 | $6M | 1.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 616,756 | $5M | 1.2% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. | 577,412 | $5M | 1.1% | 2026-Q1 |
| BlackRock, Inc. trimmed | 493,714 | $4M | 1.0% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 447,627 | $4M | 0.9% | 2026-Q1 |
| Advisors Asset Management, Inc. added | 407,523 | $3M | 0.8% | 2026-Q1 |
| Bulldog Investors, LLP added | 334,904 | $3M | 0.7% | 2026-Q1 |
| CONFLUENCE INVESTMENT MANAGEMENT LLC trimmed | 307,872 | $3M | 0.6% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 305,877 | $3M | 0.6% | 2026-Q1 |
| LPL Financial LLC added | 299,794 | $2M | 0.6% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 279,838 | $2M | 0.6% | 2026-Q1 |
| GraniteShares Advisors LLC trimmed | 268,002 | $2M | 0.5% | 2026-Q1 |
| Callodine Capital Management, LP trimmed | 260,000 | $2M | 0.5% | 2026-Q1 |
| BI Asset Management Fondsmaeglerselskab A/S added | 246,759 | $2M | 0.5% | 2026-Q1 |
| Financial Gravity Asset Management, Inc. added | 240,300 | $2M | 0.5% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC trimmed | 226,950 | $2M | 0.4% | 2026-Q1 |
| Hennion & Walsh Asset Management, Inc. added | 206,535 | $2M | 0.4% | 2026-Q1 |
| SBE LLC DBA CEDAR COVE WEALTH PARTNERS added | 202,054 | $2M | 0.4% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 195,336 | $2M | 0.4% | 2026-Q1 |
| Lansforsakringar Fondforvaltning AB (publ) added | 185,152 | $2M | 0.4% | 2026-Q1 |
| HUB Investment Partners, LLC added | 161,646 | $1M | 0.3% | 2026-Q1 |
| STEEL GROVE CAPITAL ADVISORS, LLC added | 158,262 | $1M | 0.3% | 2026-Q1 |
| Thrivent Financial for Lutherans added | 148,899 | $1M | 0.3% | 2026-Q1 |
| HighTower Advisors, LLC added | 145,656 | $1M | 0.3% | 2026-Q1 |
| Cliffwater LLC | 126,753 | $1M | 0.3% | 2026-Q1 |
| CANADA LIFE ASSURANCE Co trimmed | 114,670 | $949K | 0.2% | 2026-Q1 |
| Invesco Ltd. added | 110,729 | $911K | 0.2% | 2026-Q1 |
| SageGuard Financial Group, LLC added | 108,117 | $890K | 0.2% | 2026-Q1 |
| &PARTNERS added | 101,410 | $835K | 0.2% | 2026-Q1 |
| Ethos Financial Group, LLC | 84,035 | $771K | 0.2% | 2026-Q1 |
| SAXON INTERESTS, INC. added | 91,509 | $753K | 0.2% | 2026-Q1 |
| DENALI ADVISORS LLC trimmed | 91,047 | $749K | 0.2% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 89,521 | $749K | 0.2% | 2026-Q1 |
| Caliber Wealth Management, LLC / KS trimmed | 80,650 | $664K | 0.2% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 78,752 | $648K | 0.2% | 2026-Q1 |
| Dynamic Technology Lab Private Ltd added | 76,271 | $628K | 0.2% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 75,754 | $623K | 0.1% | 2026-Q1 |
| Prime Capital Investment Advisors, LLC trimmed | 75,366 | $620K | 0.1% | 2026-Q1 |
| Apollon Wealth Management, LLC trimmed | 66,399 | $546K | 0.1% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 60,737 | $500K | 0.1% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 60,173 | $495K | 0.1% | 2026-Q1 |
| Tidal Investments LLC added | 58,510 | $482K | 0.1% | 2026-Q1 |
| Virtus Investment Advisers, LLC trimmed | 55,991 | $461K | 0.1% | 2026-Q1 |
| Lido Advisors, LLC trimmed | 52,801 | $435K | 0.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 50,844 | $418K | 0.1% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 49,828 | $410K | 0.1% | 2026-Q1 |
| Bison Wealth, LLC | 46,939 | $404K | 0.1% | 2026-Q1 |
| PFG Investments, LLC added | 47,724 | $393K | 0.1% | 2026-Q1 |
| Brevan Howard Capital Management LP added | 47,431 | $390K | 0.1% | 2026-Q1 |
| MQS Management LLC trimmed | 47,235 | $389K | 0.1% | 2026-Q1 |
| LSV ASSET MANAGEMENT | 46,700 | $384K | 0.1% | 2026-Q1 |
| Campbell & CO Investment Adviser LLC added | 45,546 | $375K | 0.1% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 42,080 | $346K | 0.1% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 41,020 | $338K | 0.1% | 2026-Q1 |
| Closed-End Fund Advisors, Inc. trimmed | 39,847 | $328K | 0.1% | 2026-Q1 |
| Patriot Financial Group Insurance Agency, LLC added | 38,714 | $319K | 0.1% | 2026-Q1 |
| OneDigital Investment Advisors LLC | 35,712 | $294K | 0.1% | 2026-Q1 |
| Arkadios Wealth Advisors added | 34,536 | $284K | 0.1% | 2026-Q1 |
| Kovitz Investment Group Partners, LLC trimmed | 972,322 | $9M | 2.0% | 2025-Q3 stale |
| RIVERNORTH CAPITAL MANAGEMENT, LLC added | 806,071 | $7M | 1.8% | 2025-Q4 stale |
| TWO SIGMA ADVISERS, LP trimmed | 401,500 | $4M | 0.9% | 2025-Q4 stale |
| Financial Gravity Companies, Inc. added | 306,055 | $3M | 0.7% | 2025-Q2 stale |
| Skandinaviska Enskilda Banken AB (publ) | 239,440 | $2M | 0.5% | 2025-Q4 stale |
| Cubist Systematic Strategies, LLC added | 130,042 | $1M | 0.3% | 2025-Q1 stale |
| Trexquant Investment LP trimmed | 136,824 | $1M | 0.3% | 2025-Q3 stale |
| Qube Research & Technologies Ltd added | 108,276 | $1M | 0.2% | 2025-Q1 stale |
| ICON ADVISERS INC/CO added | 109,699 | $961K | 0.2% | 2025-Q3 stale |
| CITADEL ADVISORS LLC added | 104,651 | $961K | 0.2% | 2025-Q4 stale |
| Nilsine Partners, LLC added | 89,451 | $821K | 0.2% | 2025-Q4 stale |
| PREVAIL INNOVATIVE WEALTH ADVISORS, LLC trimmed | 81,865 | $717K | 0.2% | 2025-Q3 stale |
| MARSHALL WACE, LLP trimmed | 70,081 | $643K | 0.2% | 2025-Q4 stale |
| HRT FINANCIAL LP trimmed | 58,226 | $555K | 0.1% | 2025-Q1 stale |
| Schonfeld Strategic Advisors LLC added | 57,012 | $523K | 0.1% | 2025-Q4 stale |
| BARD ASSOCIATES INC trimmed | 54,252 | $475K | 0.1% | 2025-Q3 stale |
| HighPoint Advisor Group LLC trimmed | 49,017 | $450K | 0.1% | 2025-Q4 stale |
| Arax Advisory Partners new | 47,644 | $437K | 0.1% | 2025-Q4 stale |
| Jump Financial, LLC trimmed | 46,474 | $427K | 0.1% | 2025-Q4 stale |
| Y-Intercept (Hong Kong) Ltd trimmed | 44,812 | $411K | 0.1% | 2025-Q4 stale |
| Arete Wealth Advisors, LLC | 40,921 | $376K | 0.1% | 2025-Q4 stale |
| Quantbot Technologies LP added | 40,836 | $375K | 0.1% | 2025-Q4 stale |
| BANK OF MONTREAL /CAN/ added | 40,573 | $355K | 0.1% | 2025-Q3 stale |
| Verition Fund Management LLC trimmed | 38,600 | $354K | 0.1% | 2025-Q4 stale |
| Massar Capital Management, LP new | 35,638 | $327K | 0.1% | 2025-Q4 stale |
| VARCOV Co. new | 34,558 | $317K | 0.1% | 2025-Q4 stale |
| Summit Financial, LLC new | 33,529 | $294K | 0.1% | 2025-Q3 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.