Who owns Business First Bancshares (BFST)
Which tracked institutional funds hold BFST, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BFST company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 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 BFST is one-sided between 2026-Q1 and 2026-Q2: 56 added or opened and 15 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
BFST’s largest tracked holder by dollar value, BlackRock, 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 BFST more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in BFST 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 2026-Q1 and 2026-Q2, across 165 tracked filers holding BFST, 94 increased or opened the position and 57 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
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 BFST between the 2026-Q1 and 2026-Q2 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 7
- Jupiter Topco LLC$33M
- KENNEDY CAPITAL MANAGEMENT LLC$1M
- Schonfeld Strategic Advisors LLC$1M
- Jump Financial, LLC$1M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$717K
- Y-Intercept (Hong Kong) Ltd$599K
Full exits 8
- JANUS HENDERSON GROUP PLC$27M
- Fourthstone LLC$6M
- Qube Research & Technologies Ltd$3M
- STEEL GROVE CAPITAL ADVISORS, LLC$1M
- Gator Capital Management, LLC$897K
- TEACHER RETIREMENT SYSTEM OF TEXAS$778K
Largest adds
- BlackRock, Inc.$18M
- STATE STREET CORP$14M
- DIMENSIONAL FUND ADVISORS LP$9M
- AMERICAN CENTURY COMPANIES INC$7M
- JPMORGAN CHASE & CO$6M
- ROYCE & ASSOCIATES LP$6M
Largest trims
- FRANKLIN RESOURCES INC$3M
- RAYMOND JAMES FINANCIAL INC$1M
- Vines Capital Management, LLC$681K
- LOS ANGELES CAPITAL MANAGEMENT LLC$658K
- SEI INVESTMENTS CO$574K
- HSBC HOLDINGS PLC$365K
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 2,732,988 | $84M | 15.1% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 1,399,712 | $43M | 7.7% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 1,311,018 | $40M | 7.2% | 2026-Q2 |
| Jupiter Topco LLC new | 1,089,827 | $33M | 6.0% | 2026-Q2 |
| STATE STREET CORP added | 1,045,212 | $32M | 5.8% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 1,025,919 | $32M | 5.6% | 2026-Q2 |
| ROYCE & ASSOCIATES LP added | 931,811 | $29M | 5.1% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 863,416 | $27M | 4.8% | 2026-Q2 |
| Bank of New York Mellon Corp added | 450,790 | $14M | 2.5% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 432,026 | $13M | 2.4% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 405,623 | $12M | 2.2% | 2026-Q2 |
| NORTHERN TRUST CORP added | 312,000 | $10M | 1.7% | 2026-Q2 |
| Curi Capital, LLC added | 293,902 | $9M | 1.6% | 2026-Q2 |
| MENDON CAPITAL ADVISORS CORP added | 293,893 | $9M | 1.6% | 2026-Q2 |
| Ranger Investment Management, L.P. trimmed | 284,500 | $9M | 1.6% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 278,146 | $9M | 1.5% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 271,895 | $8M | 1.5% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 246,486 | $8M | 1.4% | 2026-Q2 |
| BANC FUNDS CO LLC | 234,257 | $7M | 1.3% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 216,466 | $7M | 1.2% | 2026-Q2 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 207,204 | $6M | 1.1% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 195,614 | $6M | 1.1% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 187,352 | $6M | 1.0% | 2026-Q2 |
| MORGAN STANLEY trimmed | 176,442 | $5M | 1.0% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 150,215 | $5M | 0.8% | 2026-Q2 |
| Empowered Funds, LLC | 121,404 | $4M | 0.7% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 120,086 | $4M | 0.7% | 2026-Q2 |
| Arax Advisory Partners added | 110,128 | $3M | 0.6% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 109,598 | $3M | 0.5% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 105,211 | $3M | 0.6% | 2026-Q2 |
| Polaris Capital Management, LLC added | 98,200 | $3M | 0.5% | 2026-Q2 |
| Man Group plc added | 92,056 | $3M | 0.5% | 2026-Q2 |
| Squarepoint Ops LLC added | 88,239 | $3M | 0.5% | 2026-Q2 |
| Creative Planning added | 86,946 | $3M | 0.5% | 2026-Q2 |
| Nuveen, LLC added | 78,000 | $2M | 0.4% | 2026-Q2 |
| Cresset Asset Management, LLC | 70,503 | $2M | 0.4% | 2026-Q2 |
| FRANKLIN RESOURCES INC trimmed | 68,686 | $2M | 0.4% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 66,963 | $2M | 0.4% | 2026-Q2 |
| Swiss National Bank added | 62,308 | $2M | 0.3% | 2026-Q2 |
| SMITH SHELLNUT WILSON LLC /ADV | 61,136 | $2M | 0.3% | 2026-Q2 |
| Summit Financial Wealth Advisors, LLC added | 59,472 | $2M | 0.3% | 2026-Q2 |
| UBS Group AG added | 54,976 | $2M | 0.3% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. added | 49,454 | $2M | 0.3% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 49,289 | $2M | 0.3% | 2026-Q2 |
| Argent Advisors, Inc. added | 48,638 | $1M | 0.3% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 47,652 | $1M | 0.3% | 2026-Q2 |
| Pacific Ridge Capital Partners, LLC trimmed | 46,854 | $1M | 0.3% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC added | 46,750 | $1M | 0.3% | 2026-Q2 |
| Womack Financial LLC trimmed | 43,858 | $1M | 0.2% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 41,893 | $1M | 0.2% | 2026-Q2 |
| HSBC HOLDINGS PLC trimmed | 41,303 | $1M | 0.2% | 2026-Q2 |
| Montz Harcus Wealth Management LLC added | 40,743 | $1M | 0.2% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC added | 40,555 | $1M | 0.2% | 2026-Q2 |
| KENNEDY CAPITAL MANAGEMENT LLC added | 38,306 | $1M | 0.2% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC new | 38,158 | $1M | 0.2% | 2026-Q2 |
| Meriwether Wealth & Planning, LLC trimmed | 37,186 | $1M | 0.2% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 37,123 | $1M | 0.2% | 2026-Q2 |
| Invesco Ltd. added | 36,504 | $1M | 0.2% | 2026-Q2 |
| Geneos Wealth Management Inc. trimmed | 36,237 | $1M | 0.2% | 2026-Q2 |
| Jump Financial, LLC added | 35,720 | $1M | 0.2% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 34,317 | $1M | 0.2% | 2026-Q2 |
| LPL Financial LLC | 32,783 | $1M | 0.2% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 32,100 | $986K | 0.2% | 2026-Q2 |
| CITIGROUP INC added | 31,606 | $971K | 0.2% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 31,600 | $971K | 0.2% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC added | 31,391 | $965K | 0.2% | 2026-Q2 |
| FreeGulliver LLC | 30,014 | $922K | 0.2% | 2026-Q2 |
| JACOBS LEVY EQUITY MANAGEMENT, INC trimmed | 29,774 | $915K | 0.2% | 2026-Q2 |
| Quantinno Capital Management LP added | 28,991 | $891K | 0.2% | 2026-Q2 |
| Ethos Financial Group, LLC | 27,631 | $884K | 0.2% | 2026-Q2 |
| STRS OHIO added | 27,000 | $830K | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 26,824 | $824K | 0.1% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 26,606 | $818K | 0.1% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 26,451 | $813K | 0.1% | 2026-Q2 |
| Vident Advisory, LLC | 25,913 | $796K | 0.1% | 2026-Q2 |
| Robertson Stephens Wealth Management, LLC | 25,486 | $783K | 0.1% | 2026-Q2 |
| Pathstone Holdings, LLC | 25,395 | $780K | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 24,069 | $740K | 0.1% | 2026-Q2 |
| Legal & General Group Plc added | 23,626 | $726K | 0.1% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP new | 23,321 | $717K | 0.1% | 2026-Q2 |
| Penn Capital Management Company, LLC trimmed | 22,374 | $688K | 0.1% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 21,760 | $669K | 0.1% | 2026-Q2 |
| Vines Capital Management, LLC trimmed | 21,000 | $645K | 0.1% | 2026-Q2 |
| Texas Yale Capital Corp. | 19,890 | $611K | 0.1% | 2026-Q2 |
| Kings Path Partners LLC | 19,770 | $608K | 0.1% | 2026-Q2 |
| Y-Intercept (Hong Kong) Ltd added | 19,479 | $599K | 0.1% | 2026-Q2 |
| Hartmann Taylor Wealth Management, LLC | 18,506 | $500K | 0.1% | 2026-Q2 |
| MetLife Investment Management, LLC added | 18,334 | $563K | 0.1% | 2026-Q2 |
| Quantbot Technologies LP added | 17,972 | $552K | 0.1% | 2026-Q2 |
| FIRST FOUNDATION ADVISORS | 17,966 | $552K | 0.1% | 2026-Q2 |
| Stratos Wealth Partners, LTD. trimmed | 17,950 | $552K | 0.1% | 2026-Q2 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC trimmed | 17,475 | $537K | 0.1% | 2026-Q2 |
| VARCOV Co. added | 17,459 | $537K | 0.1% | 2026-Q2 |
| Rodgers Brothers Inc. | 16,500 | $507K | 0.1% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 16,350 | $502K | 0.1% | 2026-Q2 |
| 1492 Capital Management LLC | 16,216 | $498K | 0.1% | 2026-Q2 |
| E&G Advisors, LLC | 16,100 | $495K | 0.1% | 2026-Q2 |
| EntryPoint Capital, LLC | 15,774 | $485K | 0.1% | 2026-Q2 |
| Vanguard Global Advisers, LLC trimmed | 15,692 | $482K | 0.1% | 2026-Q2 |
| BARCLAYS PLC added | 15,163 | $466K | 0.1% | 2026-Q2 |
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.