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-Q2 13F filings (latest filed 2026-08-14). 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
6 tracked funds added or opened LIEN while 5 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
LIEN’s largest tracked holder by dollar value, INTREPID CAPITAL MANAGEMENT INC, sizes it at 3.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 3.1pp 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 2026-Q1 and 2026-Q2, across 45 tracked filers holding LIEN, 28 increased or opened the position and 15 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 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 3
- PARTNERS CAPITAL INVESTMENT GROUP, LLP$1M
- RAYMOND JAMES FINANCIAL INC$939K
- Clayton Partners LLC$573K
Full exits 3
- JPMORGAN CHASE & CO$2M
- HighTower Advisors, LLC$2M
- LVM CAPITAL MANAGEMENT LTD/MI$2M
Largest adds
- Sowell Financial Services LLC$388K
- INTREPID CAPITAL MANAGEMENT INC$325K
- CITADEL ADVISORS LLC$297K
Largest trims
- Sage Mountain Advisors LLC$2M
- Corient Private Wealth LP$2M
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 | 756,185 | $7M | 18.0% | 2026-Q2 |
| Sowell Financial Services LLC added | 511,387 | $5M | 12.2% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 189,596 | $2M | 4.5% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 188,863 | $2M | 4.5% | 2026-Q2 |
| CDC Financial, Inc. added | 177,391 | $2M | 4.2% | 2026-Q2 |
| CONDOR CAPITAL MANAGEMENT added | 163,673 | $2M | 3.9% | 2026-Q2 |
| PARTNERS CAPITAL INVESTMENT GROUP, LLP new | 145,336 | $1M | 3.5% | 2026-Q2 |
| Black Maple Capital Management LP | 130,920 | $1M | 3.1% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC new | 96,131 | $939K | 2.3% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 88,149 | $861K | 2.1% | 2026-Q2 |
| BlackRock, Inc. added | 74,480 | $728K | 1.8% | 2026-Q2 |
| Clayton Partners LLC new | 58,666 | $573K | 1.4% | 2026-Q2 |
| RITHOLTZ WEALTH MANAGEMENT added | 54,347 | $531K | 1.3% | 2026-Q2 |
| Apollon Wealth Management, LLC trimmed | 48,809 | $477K | 1.2% | 2026-Q2 |
| Venturi Wealth Management, LLC | 40,171 | $392K | 1.0% | 2026-Q2 |
| FIRETHORN WEALTH PARTNERS, LLC added | 38,654 | $378K | 0.9% | 2026-Q2 |
| Gladstone Institutional Advisory LLC | 38,600 | $377K | 0.9% | 2026-Q2 |
| Sage Mountain Advisors LLC trimmed | 30,797 | $301K | 0.7% | 2026-Q2 |
| Tidal Investments LLC trimmed | 30,022 | $293K | 0.7% | 2026-Q2 |
| Closed-End Fund Advisors, Inc. added | 28,303 | $277K | 0.7% | 2026-Q2 |
| Wick Capital Partners, LLC | 26,967 | $263K | 0.6% | 2026-Q2 |
| Twelve Points Wealth Management LLC | 26,233 | $256K | 0.6% | 2026-Q2 |
| Seneca House Advisors added | 25,322 | $247K | 0.6% | 2026-Q2 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 24,623 | $241K | 0.6% | 2026-Q2 |
| Trexquant Investment LP added | 24,205 | $236K | 0.6% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 23,755 | $232K | 0.6% | 2026-Q2 |
| Savant Capital, LLC new | 18,640 | $182K | 0.4% | 2026-Q2 |
| Tyche Wealth Partners LLC added | 17,500 | $171K | 0.4% | 2026-Q2 |
| BROWN ADVISORY INC | 16,339 | $160K | 0.4% | 2026-Q2 |
| Centiva Capital, LP new | 15,684 | $153K | 0.4% | 2026-Q2 |
| Icon Wealth Advisors, LLC | 14,255 | $139K | 0.3% | 2026-Q2 |
| Mesirow Financial Investment Management, Inc. | 12,433 | $121K | 0.3% | 2026-Q2 |
| FreeGulliver LLC | 12,241 | $120K | 0.3% | 2026-Q2 |
| ENTREWEALTH, LLC new | 12,148 | $114K | 0.3% | 2026-Q2 |
| COMPASS FINANCIAL MANAGEMENT LLC new | 10,677 | $104K | 0.3% | 2026-Q2 |
| Bernardo Wealth Planning LLC | 10,278 | $100K | 0.2% | 2026-Q2 |
| Triumph Capital Management added | 6,725 | $66K | 0.2% | 2026-Q2 |
| MORGAN STANLEY added | 4,928 | $48K | 0.1% | 2026-Q2 |
| CITIGROUP INC new | 3,373 | $33K | 0.1% | 2026-Q2 |
| Rockefeller Capital Management L.P. | 3,000 | $29K | 0.1% | 2026-Q2 |
| BROWN BROTHERS HARRIMAN & CO new | 750 | $7K | 0.0% | 2026-Q2 |
| Spire Wealth Management new | 200 | $2K | 0.0% | 2026-Q2 |
| Quarry LP new | 139 | $1K | 0.0% | 2026-Q2 |
| Caitong International Asset Management Co., Ltd new | 11 | $107 | 0.0% | 2026-Q2 |
| UBS Group AG trimmed | 2 | $20 | 0.0% | 2026-Q2 |
| JPMORGAN CHASE & CO new | 237,631 | $2M | 5.4% | 2026-Q1 stale (1 quarter behind) |
| HighTower Advisors, LLC added | 173,624 | $2M | 4.0% | 2026-Q1 stale (1 quarter behind) |
| LVM CAPITAL MANAGEMENT LTD/MI | 161,326 | $2M | 3.7% | 2026-Q1 stale (1 quarter behind) |
| JANE STREET GROUP, LLC added | 23,790 | $222K | 0.5% | 2026-Q1 stale (1 quarter behind) |
| Mariner, LLC added | 22,693 | $212K | 0.5% | 2026-Q1 stale (1 quarter behind) |
| SAGE RHINO CAPITAL LLC | 10,901 | $102K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| WESTWOOD HOLDINGS GROUP INC | 10,737 | $100K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| WEDBUSH SECURITIES INC new | 10,737 | $100K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| SteelPeak Wealth, LLC | 10,277 | $99K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| NATIONAL BANK OF CANADA /FI/ new | 55 | $513 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Shade Tree Advisors LLC new | 17,360 | $179K | 0.4% | 2025-Q4 stale (2 quarters behind) |
| MATHER GROUP, LLC. new | 10,215 | $106K | 0.3% | 2025-Q4 stale (2 quarters behind) |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO new | 6,146 | $63K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| Vision Retirement, LLC new | 400 | $4K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| ROYAL BANK OF CANADA trimmed | 194 | $2K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| DEUTSCHE BANK AG\ new | 111,235 | $1M | 2.8% | 2025-Q3 stale (3 quarters behind) |
| Integrated Advisors Network LLC trimmed | 83,881 | $881K | 2.1% | 2025-Q3 stale (3 quarters behind) |
| Northeast Financial Consultants Inc new | 82,192 | $851K | 2.1% | 2025-Q2 stale (4 quarters behind) |
| HRT FINANCIAL LP new | 16,763 | $173K | 0.4% | 2025-Q2 stale (4 quarters behind) |
| XTX Topco Ltd new | 10,776 | $112K | 0.3% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
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.