Who owns Chicago Atlantic BDC (LIEN)
Which tracked institutional funds hold LIEN, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See LIEN company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-15). 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 LIEN is one-sided between 2025-Q4 and 2026-Q1: 2 added or opened and 10 trimmed or exited — on balance reducing.
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
LIEN’s largest tracked holder by dollar value, INTREPID CAPITAL MANAGEMENT INC, sizes it at 3.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 3.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in LIEN 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 42 tracked filers holding LIEN, 18 increased or opened the position and 18 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 LIEN 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 1
- JPMORGAN CHASE & CO$2M
Largest adds
- HighTower Advisors, LLC$1M
Largest trims
- INTREPID CAPITAL MANAGEMENT INC$781K
- BlackRock, Inc.$764K
- Sage Mountain Advisors LLC$756K
- Corient Private Wealth LLC$399K
- BROWN ADVISORY INC$380K
- Sowell Financial Services LLC$331K
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 |
|---|---|---|---|---|
| INTREPID CAPITAL MANAGEMENT INC trimmed | 756,185 | $7M | 18.3% | 2026-Q1 |
| Sowell Financial Services LLC added | 493,437 | $5M | 11.9% | 2026-Q1 |
| Corient Private Wealth LLC trimmed | 380,748 | $4M | 9.2% | 2026-Q1 |
| JPMORGAN CHASE & CO new | 237,631 | $2M | 5.7% | 2026-Q1 |
| Sage Mountain Advisors LLC trimmed | 215,576 | $2M | 5.2% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 182,130 | $2M | 4.4% | 2026-Q1 |
| HighTower Advisors, LLC added | 173,624 | $2M | 4.2% | 2026-Q1 |
| CONDOR CAPITAL MANAGEMENT trimmed | 161,459 | $2M | 3.9% | 2026-Q1 |
| LVM CAPITAL MANAGEMENT LTD/MI | 161,326 | $2M | 3.9% | 2026-Q1 |
| CDC Financial, Inc. added | 159,618 | $1M | 3.9% | 2026-Q1 |
| Black Maple Capital Management LP trimmed | 130,920 | $1M | 3.2% | 2026-Q1 |
| BlackRock, Inc. added | 74,480 | $728K | 1.9% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 60,462 | $565K | 1.5% | 2026-Q1 |
| Apollon Wealth Management, LLC trimmed | 55,809 | $521K | 1.3% | 2026-Q1 |
| Venturi Wealth Management, LLC new | 40,171 | $375K | 1.0% | 2026-Q1 |
| Gladstone Institutional Advisory LLC | 38,600 | $361K | 0.9% | 2026-Q1 |
| FIRETHORN WEALTH PARTNERS, LLC added | 35,674 | $333K | 0.9% | 2026-Q1 |
| Tidal Investments LLC trimmed | 34,777 | $325K | 0.8% | 2026-Q1 |
| RITHOLTZ WEALTH MANAGEMENT trimmed | 34,697 | $324K | 0.8% | 2026-Q1 |
| Wick Capital Partners, LLC added | 26,967 | $252K | 0.7% | 2026-Q1 |
| Twelve Points Wealth Management LLC | 26,233 | $245K | 0.6% | 2026-Q1 |
| Seneca House Advisors added | 24,888 | $232K | 0.6% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 23,790 | $222K | 0.6% | 2026-Q1 |
| Mariner, LLC added | 22,693 | $212K | 0.5% | 2026-Q1 |
| Closed-End Fund Advisors, Inc. added | 21,578 | $202K | 0.5% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 20,857 | $195K | 0.5% | 2026-Q1 |
| Trexquant Investment LP new | 20,160 | $188K | 0.5% | 2026-Q1 |
| BROWN ADVISORY INC trimmed | 16,339 | $153K | 0.4% | 2026-Q1 |
| Tyche Wealth Partners LLC new | 14,500 | $135K | 0.4% | 2026-Q1 |
| Icon Wealth Advisors, LLC | 14,255 | $131K | 0.3% | 2026-Q1 |
| Mesirow Financial Investment Management, Inc. | 12,433 | $116K | 0.3% | 2026-Q1 |
| FreeGulliver LLC | 12,241 | $114K | 0.3% | 2026-Q1 |
| SAGE RHINO CAPITAL LLC | 10,901 | $102K | 0.3% | 2026-Q1 |
| WESTWOOD HOLDINGS GROUP INC | 10,737 | $100K | 0.3% | 2026-Q1 |
| WEDBUSH SECURITIES INC new | 10,737 | $100K | 0.3% | 2026-Q1 |
| SteelPeak Wealth, LLC | 10,277 | $99K | 0.3% | 2026-Q1 |
| Bernardo Wealth Planning LLC | 10,278 | $96K | 0.2% | 2026-Q1 |
| Triumph Capital Management added | 4,305 | $42K | 0.1% | 2026-Q1 |
| Rockefeller Capital Management L.P. | 3,000 | $28K | 0.1% | 2026-Q1 |
| UBS Group AG added | 65 | $607 | 0.0% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ new | 55 | $513 | 0.0% | 2026-Q1 |
| MORGAN STANLEY trimmed | 1 | $18 | 0.0% | 2026-Q1 |
| DEUTSCHE BANK AG\ new | 111,235 | $1M | 3.0% | 2025-Q3 stale |
| Integrated Advisors Network LLC trimmed | 83,881 | $881K | 2.3% | 2025-Q3 stale |
| Northeast Financial Consultants Inc new | 82,192 | $851K | 2.2% | 2025-Q2 stale |
| Shade Tree Advisors LLC new | 17,360 | $179K | 0.5% | 2025-Q4 stale |
| HRT FINANCIAL LP new | 16,763 | $173K | 0.4% | 2025-Q2 stale |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC trimmed | 11,570 | $131K | 0.3% | 2025-Q1 stale |
| XTX Topco Ltd new | 10,776 | $112K | 0.3% | 2025-Q2 stale |
| MATHER GROUP, LLC. new | 10,215 | $106K | 0.3% | 2025-Q4 stale |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO new | 6,146 | $63K | 0.2% | 2025-Q4 stale |
| Vision Retirement, LLC new | 400 | $4K | 0.0% | 2025-Q4 stale |
| ROYAL BANK OF CANADA trimmed | 194 | $2K | 0.0% | 2025-Q4 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 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.