Who owns Belden Inc. (BDC)
Which tracked institutional funds hold BDC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BDC 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
82 tracked funds added or opened BDC while 76 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
BDC’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes BDC more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in BDC 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 381 tracked filers holding BDC, 210 increased or opened the position and 162 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
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 BDC 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 31
- VANGUARD PORTFOLIO MANAGEMENT LLC$310M
- VANGUARD CAPITAL MANAGEMENT LLC$200M
- Channing Capital Management, LLC$82M
- VANGUARD FIDUCIARY TRUST CO$31M
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/$19M
- HALLSTATT ADVISORS L.P.$7M
Full exits 15
- VANGUARD GROUP INC$557M
- F/m Investments LLC$6M
- Campbell & CO Investment Adviser LLC$5M
- Candelo Capital Management LP$4M
- Nilsine Partners, LLC$3M
- COMERICA BANK$2M
Largest adds
- T. Rowe Price Investment Management, Inc.$29M
- PRICE T ROWE ASSOCIATES INC /MD/$28M
- NEW YORK STATE COMMON RETIREMENT FUND$20M
- Qube Research & Technologies Ltd$16M
- JANUS HENDERSON GROUP PLC$14M
- Boston Partners$7M
Largest trims
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$260M
- FMR LLC$84M
- BlackRock, Inc.$70M
- Invesco Ltd.$29M
- WELLINGTON MANAGEMENT GROUP LLP$14M
- Allspring Global Investments Holdings, LLC$13M
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 |
|---|---|---|---|---|
| BlackRock, Inc. trimmed | 4,364,594 | $501M | 10.0% | 2026-Q1 |
| FMR LLC trimmed | 3,919,695 | $450M | 9.0% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 3,517,081 | $404M | 8.1% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 2,702,329 | $310M | 6.2% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 1,742,363 | $200M | 4.0% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 1,588,405 | $182M | 3.6% | 2026-Q1 |
| STATE STREET CORP added | 1,481,692 | $170M | 3.4% | 2026-Q1 |
| FULLER & THALER ASSET MANAGEMENT, INC. added | 1,050,327 | $121M | 2.4% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 1,032,849 | $119M | 2.4% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 1,008,653 | $116M | 2.3% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC trimmed | 784,931 | $92M | 1.8% | 2026-Q1 |
| Channing Capital Management, LLC added | 710,458 | $82M | 1.6% | 2026-Q1 |
| Invesco Ltd. trimmed | 690,557 | $79M | 1.6% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. added | 557,463 | $64M | 1.3% | 2026-Q1 |
| NORTHERN TRUST CORP added | 506,120 | $58M | 1.2% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 495,577 | $57M | 1.1% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 493,595 | $57M | 1.1% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 478,001 | $55M | 1.1% | 2026-Q1 |
| FRONTIER CAPITAL MANAGEMENT CO LLC trimmed | 455,338 | $52M | 1.0% | 2026-Q1 |
| T. Rowe Price Investment Management, Inc. added | 440,207 | $51M | 1.0% | 2026-Q1 |
| NORGES BANK trimmed | 491,322 | $49M | 1.0% | 2026-Q1 |
| LORD, ABBETT & CO. LLC trimmed | 410,128 | $47M | 0.9% | 2026-Q1 |
| Fisher Asset Management, LLC added | 395,822 | $45M | 0.9% | 2026-Q1 |
| SEGALL BRYANT & HAMILL, LLC trimmed | 341,360 | $42M | 0.8% | 2026-Q1 |
| SILVERCREST ASSET MANAGEMENT GROUP LLC trimmed | 350,267 | $40M | 0.8% | 2026-Q1 |
| Newport Trust Company, LLC trimmed | 341,072 | $39M | 0.8% | 2026-Q1 |
| MORGAN STANLEY added | 297,374 | $34M | 0.7% | 2026-Q1 |
| Boston Partners added | 284,650 | $33M | 0.7% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 273,968 | $31M | 0.6% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 272,241 | $31M | 0.6% | 2026-Q1 |
| SOUTHERNSUN ASSET MANAGEMENT, LLC trimmed | 258,377 | $30M | 0.6% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 249,322 | $29M | 0.6% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 238,651 | $27M | 0.5% | 2026-Q1 |
| WATERS PARKERSON & CO., LLC added | 230,003 | $26M | 0.5% | 2026-Q1 |
| NEW YORK STATE COMMON RETIREMENT FUND added | 206,336 | $24M | 0.5% | 2026-Q1 |
| Retirement Systems of Alabama added | 203,108 | $23M | 0.5% | 2026-Q1 |
| Aristotle Capital Boston, LLC trimmed | 191,038 | $22M | 0.4% | 2026-Q1 |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC trimmed | 190,528 | $22M | 0.4% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 189,455 | $22M | 0.4% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 181,709 | $21M | 0.4% | 2026-Q1 |
| UBS Group AG trimmed | 179,170 | $21M | 0.4% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ new | 169,280 | $19M | 0.4% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 172,139 | $19M | 0.4% | 2026-Q1 |
| SEI INVESTMENTS CO added | 155,869 | $18M | 0.4% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC added | 155,674 | $18M | 0.4% | 2026-Q1 |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO trimmed | 152,769 | $18M | 0.4% | 2026-Q1 |
| Leeward Investments, LLC - MA added | 137,376 | $16M | 0.3% | 2026-Q1 |
| KENNEDY CAPITAL MANAGEMENT LLC trimmed | 127,803 | $15M | 0.3% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 120,187 | $14M | 0.3% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 114,795 | $13M | 0.3% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 113,768 | $13M | 0.3% | 2026-Q1 |
| Ceredex Value Advisors LLC trimmed | 113,125 | $13M | 0.3% | 2026-Q1 |
| First Eagle Investment Management, LLC added | 102,566 | $12M | 0.2% | 2026-Q1 |
| Nuveen, LLC trimmed | 98,827 | $11M | 0.2% | 2026-Q1 |
| CRAWFORD INVESTMENT COUNSEL INC trimmed | 86,665 | $10M | 0.2% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 85,882 | $10M | 0.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 84,308 | $10M | 0.2% | 2026-Q1 |
| Daventry Group, LP trimmed | 81,899 | $9M | 0.2% | 2026-Q1 |
| RENAISSANCE GROUP LLC added | 80,844 | $9M | 0.2% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 80,685 | $9M | 0.2% | 2026-Q1 |
| Swiss National Bank trimmed | 77,800 | $9M | 0.2% | 2026-Q1 |
| Granite Investment Partners, LLC trimmed | 72,850 | $8M | 0.2% | 2026-Q1 |
| California Public Employees Retirement System trimmed | 69,970 | $8M | 0.2% | 2026-Q1 |
| CSM Advisors, LLC added | 68,053 | $8M | 0.2% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC trimmed | 66,624 | $8M | 0.2% | 2026-Q1 |
| Dana Investment Advisors, Inc. trimmed | 65,990 | $8M | 0.2% | 2026-Q1 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 64,269 | $7M | 0.1% | 2026-Q1 |
| CITIGROUP INC added | 64,235 | $7M | 0.1% | 2026-Q1 |
| Pier Capital, LLC trimmed | 62,914 | $7M | 0.1% | 2026-Q1 |
| HALLSTATT ADVISORS L.P. new | 61,576 | $7M | 0.1% | 2026-Q1 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM trimmed | 56,156 | $6M | 0.1% | 2026-Q1 |
| LSV ASSET MANAGEMENT added | 54,943 | $6M | 0.1% | 2026-Q1 |
| Legal & General Group Plc trimmed | 54,909 | $6M | 0.1% | 2026-Q1 |
| Sterling Capital Management LLC trimmed | 52,767 | $6M | 0.1% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 51,700 | $6M | 0.1% | 2026-Q1 |
| Universal- Beteiligungs- und Servicegesellschaft mbH added | 50,433 | $6M | 0.1% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 49,389 | $6M | 0.1% | 2026-Q1 |
| Cresset Asset Management, LLC trimmed | 49,172 | $6M | 0.1% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 49,178 | $6M | 0.1% | 2026-Q1 |
| Emerald Investment Advisers, LLC new | 48,126 | $6M | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 45,876 | $5M | 0.1% | 2026-Q1 |
| Trexquant Investment LP added | 45,573 | $5M | 0.1% | 2026-Q1 |
| Phocas Financial Corp. trimmed | 43,899 | $5M | 0.1% | 2026-Q1 |
| STRS OHIO | 43,000 | $5M | 0.1% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 42,120 | $5M | 0.1% | 2026-Q1 |
| ExodusPoint Capital Management, LP added | 41,158 | $5M | 0.1% | 2026-Q1 |
| FOSTER & MOTLEY INC added | 40,594 | $5M | 0.1% | 2026-Q1 |
| Hillsdale Investment Management Inc. | 40,100 | $5M | 0.1% | 2026-Q1 |
| MetLife Investment Management, LLC trimmed | 40,040 | $5M | 0.1% | 2026-Q1 |
| Point72 Asset Management, L.P. added | 39,649 | $5M | 0.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 38,792 | $4M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 4,775,413 | $557M | 11.1% | 2025-Q4 stale |
| MACQUARIE GROUP LTD trimmed | 565,735 | $68M | 1.4% | 2025-Q3 stale |
| SG Capital Management LLC added | 163,138 | $19M | 0.4% | 2025-Q2 stale |
| Foundry Partners, LLC added | 65,967 | $7M | 0.1% | 2025-Q1 stale |
| Corebridge Financial, Inc. trimmed | 64,069 | $6M | 0.1% | 2025-Q1 stale |
| F/m Investments LLC trimmed | 48,810 | $6M | 0.1% | 2025-Q4 stale |
| Campbell & CO Investment Adviser LLC added | 42,461 | $5M | 0.1% | 2025-Q4 stale |
| AXA S.A. trimmed | 48,634 | $5M | 0.1% | 2025-Q1 stale |
| Yaupon Capital Management LP new | 38,959 | $5M | 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.