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Institutional Ownership · SEC Form 13F

Who owns BCSS (BCSS)


Which tracked institutional funds hold BCSS, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BCSS 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.

63
Institutional holders
40,417,681
Shares held (tracked funds)

How the tape is positioned

The tracked-fund tape on BCSS is one-sided between 2025-Q4 and 2026-Q1: 24 added or opened and 8 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

BCSS’s largest tracked holder by dollar value, Empyrean Capital Partners, LP, sizes it at 1.4% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 1.4pp conviction gap — its largest holder concentrates the name more heavily than the typical one.

Book-share is each fund’s reported value in BCSS 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 63 tracked filers holding BCSS, 29 increased or opened the position and 13 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 BCSS 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 14

  • Empyrean Capital Partners, LP$40M
  • LuminArx Capital Management LP$10M
  • Ghisallo Capital Management LLC$10M
  • HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND$7M
  • UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC$6M
  • CSS LLC/IL$4M

Full exits 2

  • Ilex Capital Partners (UK) LLP$2M
  • OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC)$504K

Largest adds

  • Fort Baker Capital Management LP$12M
  • MILLENNIUM MANAGEMENT LLC$3M
  • JPMORGAN CHASE & CO$2M
  • Centiva Capital, LP$2M
  • Shaolin Capital Management LLC$2M
  • Decagon Asset Management LLP$943K

Largest trims

  • J. Goldman & Co LP$3M
  • Periscope Capital Inc.$994K
  • Hudson Bay Capital Management LP$892K
  • Clear Street Group Inc.$660K
  • HighTower Advisors, LLC$435K
  • AQR Arbitrage LLC$319K

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).

FundSharesReported value% of valueQuarter
Empyrean Capital Partners, LP new3,990,000$40M9.8%2026-Q1
Fort Baker Capital Management LP added3,981,252$40M9.8%2026-Q1
ADAGE CAPITAL PARTNERS GP, L.L.C.3,000,000$30M7.4%2026-Q1
Sculptor Capital LP1,723,855$17M4.2%2026-Q1
Mercuria Capital Strategies, LLC1,545,878$16M3.8%2026-Q1
MOORE CAPITAL MANAGEMENT, LP1,500,000$15M3.7%2026-Q1
Davidson Kempner Capital Management LP1,400,000$14M3.4%2026-Q1
AQR Arbitrage LLC trimmed1,149,424$12M2.8%2026-Q1
HighTower Advisors, LLC trimmed1,138,966$12M2.8%2026-Q1
METEORA CAPITAL, LLC trimmed1,098,294$11M2.7%2026-Q1
LuminArx Capital Management LP new1,003,379$10M2.5%2026-Q1
Polar Asset Management Partners Inc.1,000,000$10M2.5%2026-Q1
ARISTEIA CAPITAL, L.L.C.1,000,000$10M2.5%2026-Q1
Ghisallo Capital Management LLC new1,000,000$10M2.5%2026-Q1
MILLENNIUM MANAGEMENT LLC added957,560$10M2.4%2026-Q1
TWO SIGMA INVESTMENTS, LP854,756$9M2.1%2026-Q1
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND new700,000$7M1.7%2026-Q1
J. Goldman & Co LP trimmed700,000$7M1.7%2026-Q1
PICTON MAHONEY ASSET MANAGEMENT700,000$7M1.7%2026-Q1
Decagon Asset Management LLP added656,944$7M1.6%2026-Q1
Linden Advisors LP600,000$6M1.5%2026-Q1
Shaolin Capital Management LLC added567,433$6M1.4%2026-Q1
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC new546,251$6M1.3%2026-Q1
Saba Capital Management, L.P.535,580$5M1.3%2026-Q1
Lighthouse Investment Partners, LLC500,000$5M1.2%2026-Q1
Boussard & Gavaudan Investment Management LLP500,000$5M1.2%2026-Q1
Verition Fund Management LLC trimmed473,200$5M1.2%2026-Q1
Lineage Point Capital LP470,000$5M1.2%2026-Q1
Magnetar Financial LLC450,000$5M1.1%2026-Q1
Periscope Capital Inc. trimmed425,000$4M1.0%2026-Q1
CSS LLC/IL new387,390$4M1.0%2026-Q1
BNP PARIBAS FINANCIAL MARKETS added359,100$4M0.9%2026-Q1
TENOR CAPITAL MANAGEMENT Co., L.P.350,000$4M0.9%2026-Q1
Radcliffe Capital Management, L.P. added338,446$3M0.8%2026-Q1
GLAZER CAPITAL, LLC added335,000$3M0.8%2026-Q1
Hudson Bay Capital Management LP trimmed310,521$3M0.8%2026-Q1
Bulldog Investors, LLP added308,241$3M0.8%2026-Q1
JPMORGAN CHASE & CO added300,000$3M0.7%2026-Q1
HIGHBRIDGE CAPITAL MANAGEMENT LLC300,000$3M0.7%2026-Q1
CANTOR FITZGERALD, L. P. new297,361$3M0.7%2026-Q1
DLD Asset Management, LP added276,045$3M0.7%2026-Q1
Centiva Capital, LP added262,500$3M0.6%2026-Q1
Jain Global LLC250,000$3M0.6%2026-Q1
Schonfeld Strategic Advisors LLC new249,876$3M0.6%2026-Q1
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS233,150$2M0.6%2026-Q1
HBK INVESTMENTS L P200,005$2M0.5%2026-Q1
K2 PRINCIPAL FUND, L.P. new200,000$2M0.5%2026-Q1
Clear Street Group Inc. trimmed183,907$2M0.5%2026-Q1
CITIGROUP INC175,000$2M0.4%2026-Q1
Context Capital Management, LLC150,000$2M0.4%2026-Q1
First Trust Capital Management L.P. new149,995$2M0.4%2026-Q1
BERKLEY W R CORP149,955$2M0.4%2026-Q1
SONA ASSET MANAGEMENT (US) LLC new102,723$1M0.3%2026-Q1
Virtu Financial LLC added98,464$996K0.2%2026-Q1
READYSTATE ASSET MANAGEMENT LP new57,900$585K0.1%2026-Q1
O'Connor Alternative Investments LLC new50,000$506K0.1%2026-Q1
Galaxy Digital Inc. new50,000$506K0.1%2026-Q1
JANE STREET GROUP, LLC new24,810$251K0.1%2026-Q1
TORONTO DOMINION BANK trimmed24,567$248K0.1%2026-Q1
STATE OF WISCONSIN INVESTMENT BOARD trimmed24,000$243K0.1%2026-Q1
HRT FINANCIAL LP new20,953$211K0.1%2026-Q1
Mint Tower Capital Management B.V.20,000$202K0.0%2026-Q1
PenderFund Capital Management Ltd. new10,000$101K0.0%2026-Q1
Ilex Capital Partners (UK) LLP new200,000$2M0.5%2025-Q4 stale
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) new50,000$504K0.1%2025-Q4 stale
StoneX Group Inc. new40,988$413K0.1%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.

HoldersTotal shares

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.

Learn how to read institutional ownership