Who owns Franklin BSP Realty Trust (FBRT)
Which tracked institutional funds hold FBRT, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FBRT 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
27 tracked funds added or opened FBRT while 30 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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
FBRT’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 conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in FBRT 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 225 tracked filers holding FBRT, 122 increased or opened the position and 117 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
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 FBRT 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 8
- WATERFALL ASSET MANAGEMENT, LLC$6M
- Qube Research & Technologies Ltd$4M
- NORGES BANK$1M
- JANE STREET GROUP, LLC$1M
- Atom Investors LP$616K
- D. E. Shaw & Co., Inc.$583K
Full exits 8
- Q Global Advisors, LLC$3M
- CONDOR CAPITAL MANAGEMENT$3M
- VARCOV Co.$1M
- Penserra Capital Management LLC$997K
- Clear Point Advisors Inc.$841K
- Strong Tower Advisory Services$736K
Largest adds
- Nuveen, LLC$5M
- GOLDMAN SACHS GROUP INC$2M
- CITADEL ADVISORS LLC$2M
- UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC$2M
- Almitas Capital LLC$2M
- MORGAN STANLEY$1M
Largest trims
- MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.$26M
- VANGUARD PORTFOLIO MANAGEMENT LLC$13M
- BlackRock, Inc.$6M
- GRATIA CAPITAL, LLC$5M
- VANGUARD CAPITAL MANAGEMENT LLC$2M
- PRUDENTIAL FINANCIAL INC$2M
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. trimmed | 13,002,861 | $106M | 28.5% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 3,429,239 | $28M | 7.5% | 2026-Q2 |
| STATE STREET CORP added | 3,241,000 | $27M | 7.3% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 2,070,316 | $17M | 4.5% | 2026-Q2 |
| Invesco Ltd. added | 1,850,367 | $15M | 4.1% | 2026-Q2 |
| GRATIA CAPITAL, LLC trimmed | 1,769,370 | $14M | 3.9% | 2026-Q2 |
| FRANKLIN RESOURCES INC trimmed | 1,500,096 | $12M | 3.3% | 2026-Q2 |
| UBS Group AG added | 1,346,899 | $11M | 2.9% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC trimmed | 1,279,728 | $10M | 2.8% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 1,110,467 | $9M | 2.4% | 2026-Q2 |
| MORGAN STANLEY added | 1,033,650 | $8M | 2.3% | 2026-Q2 |
| Nuveen, LLC added | 825,882 | $7M | 1.8% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 808,521 | $7M | 1.8% | 2026-Q2 |
| WATERFALL ASSET MANAGEMENT, LLC new | 758,000 | $6M | 1.7% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP trimmed | 706,061 | $6M | 1.5% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 624,976 | $5M | 1.4% | 2026-Q2 |
| GABELLI FUNDS LLC added | 575,919 | $5M | 1.3% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO trimmed | 512,429 | $4M | 1.1% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 505,646 | $4M | 1.1% | 2026-Q2 |
| Mariner, LLC trimmed | 466,282 | $4M | 1.0% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 444,774 | $4M | 1.0% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 371,976 | $3M | 0.8% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 320,288 | $3M | 0.7% | 2026-Q2 |
| Almitas Capital LLC added | 298,190 | $2M | 0.7% | 2026-Q2 |
| Orchard Capital Management, LLC added | 267,856 | $2M | 0.6% | 2026-Q2 |
| XTX Topco Ltd added | 264,692 | $2M | 0.6% | 2026-Q2 |
| Public Sector Pension Investment Board trimmed | 264,385 | $2M | 0.6% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 248,913 | $2M | 0.5% | 2026-Q2 |
| Universal- Beteiligungs- und Servicegesellschaft mbH added | 228,231 | $2M | 0.5% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 204,207 | $2M | 0.4% | 2026-Q2 |
| GAMCO INVESTORS, INC. ET AL added | 192,674 | $2M | 0.4% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 190,937 | $2M | 0.4% | 2026-Q2 |
| DENALI ADVISORS LLC | 180,800 | $1M | 0.4% | 2026-Q2 |
| Legal & General Group Plc trimmed | 180,700 | $1M | 0.4% | 2026-Q2 |
| NORGES BANK new | 179,800 | $1M | 0.4% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 164,707 | $1M | 0.4% | 2026-Q2 |
| Swiss National Bank trimmed | 158,433 | $1M | 0.3% | 2026-Q2 |
| EXCHANGE TRADED CONCEPTS, LLC added | 153,224 | $1M | 0.3% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 151,684 | $1M | 0.3% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 124,706 | $1M | 0.3% | 2026-Q2 |
| JENNISON ASSOCIATES LLC trimmed | 123,723 | $1M | 0.3% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 121,272 | $988K | 0.3% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. | 111,008 | $942K | 0.3% | 2026-Q2 |
| FINANCIAL MANAGEMENT NETWORK INC trimmed | 106,604 | $870K | 0.2% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD added | 106,086 | $864K | 0.2% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 103,989 | $846K | 0.2% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC trimmed | 103,926 | $846K | 0.2% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 89,646 | $730K | 0.2% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 88,113 | $717K | 0.2% | 2026-Q2 |
| CITIGROUP INC added | 86,967 | $708K | 0.2% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 83,587 | $680K | 0.2% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 82,794 | $674K | 0.2% | 2026-Q2 |
| DEUTSCHE BANK AG\ trimmed | 81,243 | $661K | 0.2% | 2026-Q2 |
| VOYA INVESTMENT MANAGEMENT LLC added | 78,474 | $639K | 0.2% | 2026-Q2 |
| Arax Advisory Partners added | 77,597 | $632K | 0.2% | 2026-Q2 |
| KLP KAPITALFORVALTNING AS added | 77,042 | $630K | 0.2% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 76,551 | $623K | 0.2% | 2026-Q2 |
| Atom Investors LP new | 75,694 | $616K | 0.2% | 2026-Q2 |
| Jefferies Financial Group Inc. | 73,638 | $599K | 0.2% | 2026-Q2 |
| D. E. Shaw & Co., Inc. new | 71,668 | $583K | 0.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 71,582 | $583K | 0.2% | 2026-Q2 |
| Squarepoint Ops LLC new | 69,252 | $564K | 0.2% | 2026-Q2 |
| PRELUDE CAPITAL MANAGEMENT, LLC added | 65,000 | $529K | 0.1% | 2026-Q2 |
| Y-Intercept (Hong Kong) Ltd added | 64,211 | $523K | 0.1% | 2026-Q2 |
| LPL Financial LLC added | 61,034 | $497K | 0.1% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 59,060 | $481K | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd | 58,511 | $476K | 0.1% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND | 55,565 | $452K | 0.1% | 2026-Q2 |
| Waverly Advisors, LLC added | 55,515 | $452K | 0.1% | 2026-Q2 |
| Klingman & Associates, LLC added | 52,022 | $423K | 0.1% | 2026-Q2 |
| JUPITER ASSET MANAGEMENT LTD added | 51,865 | $422K | 0.1% | 2026-Q2 |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 50,246 | $409K | 0.1% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 49,955 | $407K | 0.1% | 2026-Q2 |
| Magnus Financial Group LLC added | 48,452 | $394K | 0.1% | 2026-Q2 |
| Abel Hall, LLC added | 48,016 | $391K | 0.1% | 2026-Q2 |
| Advisor OS, LLC trimmed | 46,134 | $376K | 0.1% | 2026-Q2 |
| Illinois Municipal Retirement Fund added | 45,442 | $370K | 0.1% | 2026-Q2 |
| ANCHYRA PARTNERS LLC new | 45,204 | $368K | 0.1% | 2026-Q2 |
| Arkadios Wealth Advisors added | 44,491 | $362K | 0.1% | 2026-Q2 |
| MetLife Investment Management, LLC trimmed | 44,300 | $361K | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 43,332 | $353K | 0.1% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 42,331 | $345K | 0.1% | 2026-Q2 |
| Belpointe Asset Management LLC added | 40,314 | $328K | 0.1% | 2026-Q2 |
| Miller Global Investments, LLC | 39,420 | $321K | 0.1% | 2026-Q2 |
| Fifth Third Wealth Advisors LLC new | 37,960 | $309K | 0.1% | 2026-Q2 |
| HUB Investment Partners, LLC new | 37,822 | $308K | 0.1% | 2026-Q2 |
| Louisiana State Employees Retirement System | 36,200 | $307K | 0.1% | 2026-Q2 |
| Jupiter Topco LLC new | 36,116 | $294K | 0.1% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 35,779 | $291K | 0.1% | 2026-Q2 |
| OSAIC HOLDINGS, INC. trimmed | 33,180 | $270K | 0.1% | 2026-Q2 |
| INDEPENDENT FINANCIAL GROUP, LLC trimmed | 32,341 | $263K | 0.1% | 2026-Q2 |
| State of Tennessee, Department of Treasury trimmed | 31,988 | $260K | 0.1% | 2026-Q2 |
| Vanguard Global Advisers, LLC | 31,303 | $255K | 0.1% | 2026-Q2 |
| Cresset Asset Management, LLC trimmed | 29,974 | $250K | 0.1% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 28,257 | $230K | 0.1% | 2026-Q2 |
| EntryPoint Capital, LLC trimmed | 27,543 | $224K | 0.1% | 2026-Q2 |
| Quantinno Capital Management LP trimmed | 27,221 | $222K | 0.1% | 2026-Q2 |
| Creative Planning trimmed | 26,859 | $219K | 0.1% | 2026-Q2 |
| FOX RUN MANAGEMENT, L.L.C. new | 26,816 | $218K | 0.1% | 2026-Q2 |
| Orion Porfolio Solutions, LLC added | 26,233 | $214K | 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.