Who owns BCD (BCD)
Which tracked institutional funds hold BCD, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BCD 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 BCD is one-sided between 2025-Q4 and 2026-Q1: 31 added or opened and 2 trimmed or exited — on balance accumulating.
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
BCD’s largest tracked holder by dollar value, Alaska Permanent Capital Management, LLC, sizes it at 3.5% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 3.5pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BCD 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 89 tracked filers holding BCD, 62 increased or opened the position and 22 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 BCD 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 4
- WEALTH MANAGEMENT RESOURCES, INC.$3M
- Atria Investments, Inc$2M
- Cooper Financial Group$722K
- Avail Investment Partners, LLC$609K
Full exits 1
- VanderPol Investments L.L.C.$2M
Largest adds
- Alaska Permanent Capital Management, LLC$13M
- Columbus Macro, LLC$4M
- UBS Group AG$4M
- Alaska Wealth Advisors, LLC$4M
- Cetera Investment Advisers$3M
- ENVESTNET ASSET MANAGEMENT INC$3M
Largest trims
- Inspire Advisors, LLC$2M
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 |
|---|---|---|---|---|
| Alaska Permanent Capital Management, LLC added | 1,391,067 | $50M | 22.1% | 2026-Q1 |
| Alaska Wealth Advisors, LLC added | 461,911 | $17M | 7.4% | 2026-Q1 |
| Columbus Macro, LLC added | 379,883 | $14M | 6.1% | 2026-Q1 |
| HENGEHOLD CAPITAL MANAGEMENT LLC added | 334,163 | $12M | 5.3% | 2026-Q1 |
| Cetera Investment Advisers added | 320,635 | $11M | 5.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 257,602 | $9M | 4.1% | 2026-Q1 |
| AMERICAN NATIONAL BANK & TRUST added | 187,079 | $7M | 3.0% | 2026-Q1 |
| LPL Financial LLC trimmed | 180,840 | $6M | 2.9% | 2026-Q1 |
| UBS Group AG added | 159,433 | $6M | 2.5% | 2026-Q1 |
| Columbia River Financial Group, LLC added | 157,494 | $6M | 2.5% | 2026-Q1 |
| Ameritas Investment Partners, Inc. added | 150,116 | $5M | 2.4% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 129,024 | $5M | 2.1% | 2026-Q1 |
| ASSETMARK, INC added | 127,284 | $5M | 2.0% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 106,823 | $4M | 1.7% | 2026-Q1 |
| Impact Investors, Inc trimmed | 102,818 | $4M | 1.6% | 2026-Q1 |
| CoreCap Advisors, LLC trimmed | 101,068 | $4M | 1.6% | 2026-Q1 |
| RFG Advisory, LLC added | 97,266 | $3M | 1.5% | 2026-Q1 |
| FDx Advisors, Inc. added | 95,132 | $3M | 1.5% | 2026-Q1 |
| WEALTH MANAGEMENT RESOURCES, INC. new | 84,489 | $3M | 1.3% | 2026-Q1 |
| Inspire Advisors, LLC trimmed | 79,346 | $3M | 1.3% | 2026-Q1 |
| KESTRA PRIVATE WEALTH SERVICES, LLC added | 75,999 | $3M | 1.2% | 2026-Q1 |
| Mengis Capital Management, Inc. added | 70,711 | $3M | 1.1% | 2026-Q1 |
| Ifrah Financial Services, Inc. trimmed | 59,764 | $2M | 1.0% | 2026-Q1 |
| Millington Financial Advisors, LLC added | 51,621 | $2M | 0.8% | 2026-Q1 |
| Atria Investments, Inc added | 45,828 | $2M | 0.7% | 2026-Q1 |
| Madison Asset Management, LLC added | 45,724 | $2M | 0.7% | 2026-Q1 |
| RHS Financial, LLC added | 39,892 | $1M | 0.6% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 36,751 | $1M | 0.6% | 2026-Q1 |
| Alhambra Investment Management LLC added | 36,572 | $1M | 0.6% | 2026-Q1 |
| CIBC WORLD MARKET INC. added | 32,544 | $1M | 0.5% | 2026-Q1 |
| RETIREMENT GUYS FORMULA LLC added | 28,948 | $1M | 0.5% | 2026-Q1 |
| InTrack Investment Management Inc added | 25,128 | $899K | 0.4% | 2026-Q1 |
| BCS Private Wealth Management, Inc. added | 24,705 | $884K | 0.4% | 2026-Q1 |
| COHEN & STEERS, INC. added | 23,678 | $847K | 0.4% | 2026-Q1 |
| Lifetime Wealth Management P.C. added | 22,443 | $803K | 0.4% | 2026-Q1 |
| IHT Wealth Management, LLC trimmed | 20,242 | $724K | 0.3% | 2026-Q1 |
| Cooper Financial Group new | 20,191 | $722K | 0.3% | 2026-Q1 |
| WEALTHSPAN PARTNERS, LLC added | 20,021 | $716K | 0.3% | 2026-Q1 |
| Triton Financial Group Inc added | 18,624 | $622K | 0.3% | 2026-Q1 |
| Andina Capital Management, LLC trimmed | 17,045 | $610K | 0.3% | 2026-Q1 |
| Investment Research Partners LLC trimmed | 17,026 | $609K | 0.3% | 2026-Q1 |
| Avail Investment Partners, LLC new | 17,026 | $609K | 0.3% | 2026-Q1 |
| Crescent Grove Advisors, LLC | 16,371 | $586K | 0.3% | 2026-Q1 |
| SECURED RETIREMENT ADVISORS, LLC trimmed | 14,873 | $532K | 0.2% | 2026-Q1 |
| Accel Wealth Management added | 12,753 | $456K | 0.2% | 2026-Q1 |
| PETRA FINANCIAL ADVISORS INC added | 12,448 | $445K | 0.2% | 2026-Q1 |
| Schrum Private Wealth Management LLC added | 11,750 | $420K | 0.2% | 2026-Q1 |
| Centurion Wealth Management LLC | 11,223 | $402K | 0.2% | 2026-Q1 |
| World Investment Advisors new | 11,092 | $397K | 0.2% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 10,587 | $379K | 0.2% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 8,952 | $320K | 0.1% | 2026-Q1 |
| SHEETS SMITH WEALTH MANAGEMENT trimmed | 7,867 | $281K | 0.1% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC added | 7,717 | $276K | 0.1% | 2026-Q1 |
| Stokes Family Office, LLC | 7,270 | $260K | 0.1% | 2026-Q1 |
| Note Advisors, LLC new | 6,993 | $250K | 0.1% | 2026-Q1 |
| Mariner, LLC trimmed | 6,688 | $239K | 0.1% | 2026-Q1 |
| Jefferies Financial Group Inc. new | 6,481 | $232K | 0.1% | 2026-Q1 |
| Ameritas Advisory Services, LLC added | 6,317 | $226K | 0.1% | 2026-Q1 |
| Aureus Asset Management, LLC new | 5,965 | $213K | 0.1% | 2026-Q1 |
| FLOW TRADERS U.S. LLC trimmed | 5,748 | $206K | 0.1% | 2026-Q1 |
| MeadowBrook Investment Advisors LLC trimmed | 5,050 | $175K | 0.1% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. added | 3,273 | $117K | 0.1% | 2026-Q1 |
| FARMERS & MERCHANTS INVESTMENTS INC new | 1,915 | $69K | 0.0% | 2026-Q1 |
| PlanVest Financial, Inc new | 1,717 | $61K | 0.0% | 2026-Q1 |
| Strategic Investment Solutions, Inc. /IL added | 1,678 | $60K | 0.0% | 2026-Q1 |
| SIMPLEX TRADING, LLC added | 709 | $25K | 0.0% | 2026-Q1 |
| Eurizon Asset Management Hungary Ltd. new | 700 | $25K | 0.0% | 2026-Q1 |
| Whipplewood Advisors, LLC trimmed | 687 | $25K | 0.0% | 2026-Q1 |
| Federation des caisses Desjardins du Quebec | 665 | $24K | 0.0% | 2026-Q1 |
| Advisory Services Network, LLC added | 561 | $20K | 0.0% | 2026-Q1 |
| FIFTH THIRD BANCORP new | 469 | $17K | 0.0% | 2026-Q1 |
| TD Waterhouse Canada Inc. trimmed | 412 | $15K | 0.0% | 2026-Q1 |
| EverSource Wealth Advisors, LLC added | 123 | $12K | 0.0% | 2026-Q1 |
| AVANTAX ADVISORY SERVICES, INC. trimmed | 89,882 | $3M | 1.3% | 2025-Q2 stale |
| CW Advisors, LLC trimmed | 75,959 | $3M | 1.1% | 2025-Q2 stale |
| VanderPol Investments L.L.C. added | 74,259 | $2M | 1.0% | 2025-Q4 stale |
| Lansing Street Advisors added | 43,529 | $1M | 0.6% | 2025-Q2 stale |
| WEDBUSH SECURITIES INC added | 36,833 | $1M | 0.5% | 2025-Q2 stale |
| JANE STREET GROUP, LLC trimmed | 23,382 | $803K | 0.4% | 2025-Q3 stale |
| INDEPENDENT FINANCIAL GROUP, LLC new | 17,332 | $592K | 0.3% | 2025-Q1 stale |
| CITADEL ADVISORS LLC added | 16,549 | $569K | 0.3% | 2025-Q3 stale |
| Spire Wealth Management added | 13,128 | $448K | 0.2% | 2025-Q1 stale |
| Rede Wealth, LLC trimmed | 11,547 | $357K | 0.2% | 2025-Q4 stale |
| Freedom Investment Management, Inc. trimmed | 10,183 | $338K | 0.2% | 2025-Q2 stale |
| GREAT LAKES ADVISORS, LLC trimmed | 9,407 | $312K | 0.1% | 2025-Q2 stale |
| SUMMIT WEALTH GROUP LLC / CO new | 2,088 | $259K | 0.1% | 2025-Q3 stale |
| Sovran Advisors, LLC trimmed | 7,668 | $257K | 0.1% | 2025-Q2 stale |
| NewEdge Advisors, LLC added | 7,298 | $251K | 0.1% | 2025-Q3 stale |
| Wealthcare Advisory Partners LLC trimmed | 6,636 | $226K | 0.1% | 2025-Q1 stale |
| Certified Advisory Corp trimmed | 6,321 | $217K | 0.1% | 2025-Q3 stale |
| CHOREO, LLC | 6,519 | $216K | 0.1% | 2025-Q2 stale |
| Larson Financial Group LLC added | 2,700 | $92K | 0.0% | 2025-Q1 stale |
| Bruce G. Allen Investments, LLC | 1,541 | $51K | 0.0% | 2025-Q2 stale |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 1,570 | $49K | 0.0% | 2025-Q4 stale |
| NATIONAL BANK OF CANADA /FI/ | 554 | $19K | 0.0% | 2025-Q1 stale |
| COMERICA BANK | 451 | $14K | 0.0% | 2025-Q4 stale |
| RAYMOND JAMES FINANCIAL INC new | 383 | $13K | 0.0% | 2025-Q2 stale |
| PRINCIPAL SECURITIES, INC. | 324 | $11K | 0.0% | 2025-Q3 stale |
| Parallel Advisors, LLC | 295 | $10K | 0.0% | 2025-Q2 stale |
| Center for Financial Planning, Inc. new | 305 | $9K | 0.0% | 2025-Q4 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.