Who owns PDBC (PDBC)
Which tracked institutional funds hold PDBC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PDBC 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
The tracked-fund tape on PDBC is one-sided between 2025-Q4 and 2026-Q1: 200 added or opened and 27 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
PDBC’s largest tracked holder by dollar value, WELLS FARGO & COMPANY/MN, sizes it at 0.4% of its own reported 13F book, while the median holder sizes it at 0.3% 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 PDBC 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 466 tracked filers holding PDBC, 266 increased or opened the position and 172 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 PDBC 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 44
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$95M
- POTOMAC FUND MANAGEMENT INC /ADV$29M
- AVALON CAPITAL MANAGEMENT$17M
- AE Wealth Management LLC$17M
- Quadrature Capital Ltd$16M
- ADVISORTRUST PARTNERS, LLC$12M
Full exits 10
- FMR LLC$265M
- Janney Capital Management LLC$11M
- Quent Long Short Global Small Cap Fund, LP$5M
- COMERICA BANK$3M
- RENAISSANCE TECHNOLOGIES LLC$3M
- Principia Wealth Advisory, LLC$2M
Largest adds
- WELLS FARGO & COMPANY/MN$450M
- Empower Advisory Group, LLC$162M
- LPL Financial LLC$146M
- MORGAN STANLEY$109M
- STATE STREET CORP$72M
- Mirae Asset Global Investments Co., Ltd.$56M
Largest trims
- MANUFACTURERS LIFE INSURANCE COMPANY, THE$22M
- JANE STREET GROUP, LLC$8M
- GTS SECURITIES LLC$5M
- Trek Financial, LLC$4M
- AXXCESS WEALTH MANAGEMENT, LLC$4M
- Lido Advisors, LLC$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 |
|---|---|---|---|---|
| WELLS FARGO & COMPANY/MN added | 101,757,943 | $1.8B | 34.0% | 2026-Q1 |
| Empower Advisory Group, LLC added | 34,501,583 | $598M | 11.5% | 2026-Q1 |
| LPL Financial LLC added | 30,761,921 | $533M | 10.3% | 2026-Q1 |
| MORGAN STANLEY added | 20,883,049 | $362M | 7.0% | 2026-Q1 |
| STATE STREET CORP added | 8,937,847 | $155M | 3.0% | 2026-Q1 |
| SigFig Wealth Management, LLC trimmed | 6,701,694 | $116M | 2.2% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 5,502,629 | $95M | 1.8% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 5,458,835 | $95M | 1.8% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 4,899,404 | $85M | 1.6% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 3,931,949 | $68M | 1.3% | 2026-Q1 |
| Mirae Asset Global Investments Co., Ltd. added | 3,574,466 | $62M | 1.2% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 2,688,512 | $47M | 0.9% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 2,430,144 | $43M | 0.8% | 2026-Q1 |
| GM Advisory Group, LLC added | 2,385,149 | $41M | 0.8% | 2026-Q1 |
| SCS Capital Management LLC added | 2,150,175 | $37M | 0.7% | 2026-Q1 |
| PARK AVENUE SECURITIES LLC trimmed | 1,869,504 | $32M | 0.6% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 1,727,139 | $30M | 0.6% | 2026-Q1 |
| POTOMAC FUND MANAGEMENT INC /ADV new | 1,682,529 | $29M | 0.6% | 2026-Q1 |
| Briaud Financial Planning Inc trimmed | 594,783 | $22M | 0.4% | 2026-Q1 |
| Marion Wealth Management trimmed | 1,109,809 | $19M | 0.4% | 2026-Q1 |
| EXENCIAL WEALTH ADVISORS, LLC trimmed | 1,034,133 | $18M | 0.3% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 1,021,000 | $18M | 0.3% | 2026-Q1 |
| AVALON CAPITAL MANAGEMENT added | 992,122 | $17M | 0.3% | 2026-Q1 |
| AE Wealth Management LLC added | 982,521 | $17M | 0.3% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 965,762 | $17M | 0.3% | 2026-Q1 |
| Johnson Financial Group, LLC trimmed | 948,117 | $16M | 0.3% | 2026-Q1 |
| Quadrature Capital Ltd added | 947,179 | $16M | 0.3% | 2026-Q1 |
| Kiker Wealth Management, LLC added | 935,518 | $16M | 0.3% | 2026-Q1 |
| New York Life Investment Management LLC trimmed | 868,553 | $15M | 0.3% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 829,660 | $14M | 0.3% | 2026-Q1 |
| Beacon Capital Management, Inc. trimmed | 784,552 | $14M | 0.3% | 2026-Q1 |
| Arkadios Wealth Advisors added | 779,151 | $13M | 0.3% | 2026-Q1 |
| INTEGRATED CAPITAL MANAGEMENT, INC. trimmed | 742,616 | $13M | 0.2% | 2026-Q1 |
| MAI Capital Management trimmed | 737,565 | $13M | 0.2% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 732,390 | $13M | 0.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 730,824 | $13M | 0.2% | 2026-Q1 |
| ADVISORTRUST PARTNERS, LLC new | 718,719 | $12M | 0.2% | 2026-Q1 |
| Aspect Partners, LLC added | 691,959 | $12M | 0.2% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC added | 666,552 | $12M | 0.2% | 2026-Q1 |
| Cetera Investment Advisers added | 663,382 | $11M | 0.2% | 2026-Q1 |
| Brookstone Capital Management added | 603,315 | $10M | 0.2% | 2026-Q1 |
| Bedell Frazier Investment Counselling, LLC added | 586,036 | $10M | 0.2% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 575,181 | $10M | 0.2% | 2026-Q1 |
| Mariner, LLC added | 567,149 | $10M | 0.2% | 2026-Q1 |
| LOCKHEED MARTIN INVESTMENT MANAGEMENT CO | 550,000 | $10M | 0.2% | 2026-Q1 |
| Plan Group Financial, LLC added | 541,379 | $9M | 0.2% | 2026-Q1 |
| ALM First Financial Advisors, LLC added | 535,140 | $9M | 0.2% | 2026-Q1 |
| CHOREO, LLC new | 514,233 | $9M | 0.2% | 2026-Q1 |
| Northeast Financial Group, Inc. trimmed | 512,673 | $9M | 0.2% | 2026-Q1 |
| PATTON FUND MANAGEMENT, INC. trimmed | 512,096 | $9M | 0.2% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 510,448 | $9M | 0.2% | 2026-Q1 |
| Ausdal Financial Partners, Inc. added | 502,865 | $9M | 0.2% | 2026-Q1 |
| Ameritas Advisory Services, LLC trimmed | 498,704 | $9M | 0.2% | 2026-Q1 |
| Impact Partnership Wealth, LLC trimmed | 464,202 | $8M | 0.2% | 2026-Q1 |
| Clark Capital Management Group, Inc. new | 214,826 | $8M | 0.2% | 2026-Q1 |
| Fortis Group Advisors, LLC added | 420,265 | $8M | 0.2% | 2026-Q1 |
| CIM, LLC trimmed | 416,032 | $7M | 0.1% | 2026-Q1 |
| RWA WEALTH PARTNERS, LLC added | 414,180 | $7M | 0.1% | 2026-Q1 |
| Atria Investments, Inc added | 392,651 | $7M | 0.1% | 2026-Q1 |
| Private Wealth Advisors, LLC added | 185,802 | $7M | 0.1% | 2026-Q1 |
| KESTRA PRIVATE WEALTH SERVICES, LLC trimmed | 381,651 | $7M | 0.1% | 2026-Q1 |
| Echo45 Advisors LLC trimmed | 371,340 | $6M | 0.1% | 2026-Q1 |
| Advyzon Investment Management, LLC added | 369,948 | $6M | 0.1% | 2026-Q1 |
| &PARTNERS trimmed | 369,059 | $6M | 0.1% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 365,215 | $6M | 0.1% | 2026-Q1 |
| Quent Capital, LLC trimmed | 358,890 | $6M | 0.1% | 2026-Q1 |
| CIBC WORLD MARKET INC. added | 356,526 | $6M | 0.1% | 2026-Q1 |
| CITIGROUP INC added | 356,035 | $6M | 0.1% | 2026-Q1 |
| Legacy Wealth Partners, LLC new | 353,500 | $6M | 0.1% | 2026-Q1 |
| Avestar Capital, LLC added | 347,839 | $6M | 0.1% | 2026-Q1 |
| LCW Services, LLC added | 335,732 | $6M | 0.1% | 2026-Q1 |
| Symphony Financial, Ltd. Co. added | 329,534 | $6M | 0.1% | 2026-Q1 |
| Perissos Private Wealth Management, LLC added | 156,358 | $6M | 0.1% | 2026-Q1 |
| Baird Financial Group, Inc. trimmed | 315,485 | $5M | 0.1% | 2026-Q1 |
| Proficio Capital Partners LLC added | 145,925 | $5M | 0.1% | 2026-Q1 |
| Walser Wealth Management Company, A Ltd Liability Co added | 141,880 | $5M | 0.1% | 2026-Q1 |
| OARSMAN CAPITAL, INC. added | 294,534 | $5M | 0.1% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 294,386 | $5M | 0.1% | 2026-Q1 |
| Bison Wealth, LLC added | 272,658 | $5M | 0.1% | 2026-Q1 |
| THEORY FINANCIAL LLC added | 285,094 | $5M | 0.1% | 2026-Q1 |
| Equitable Holdings, Inc. trimmed | 368,630 | $5M | 0.1% | 2026-Q1 |
| Guild Investment Management, Inc. added | 131,910 | $5M | 0.1% | 2026-Q1 |
| Ball & Co Wealth Management Inc. new | 277,497 | $5M | 0.1% | 2026-Q1 |
| M Wealth Management, LLC added | 269,762 | $5M | 0.1% | 2026-Q1 |
| Lido Advisors, LLC trimmed | 268,399 | $5M | 0.1% | 2026-Q1 |
| Private Advisor Group, LLC added | 268,190 | $5M | 0.1% | 2026-Q1 |
| New England Capital Financial Advisors LLC trimmed | 260,342 | $5M | 0.1% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 122,140 | $4M | 0.1% | 2026-Q1 |
| IronBridge Private Wealth, LLC trimmed | 254,794 | $4M | 0.1% | 2026-Q1 |
| Maridea Wealth Management LLC added | 251,531 | $4M | 0.1% | 2026-Q1 |
| CoreCap Advisors, LLC added | 247,516 | $4M | 0.1% | 2026-Q1 |
| FMR LLC added | 19,990,615 | $265M | 5.1% | 2025-Q4 stale |
| BANK OF NOVA SCOTIA trimmed | 900,000 | $12M | 0.2% | 2025-Q3 stale |
| Nilsine Partners, LLC added | 837,933 | $11M | 0.2% | 2025-Q2 stale |
| Janney Capital Management LLC trimmed | 795,876 | $11M | 0.2% | 2025-Q4 stale |
| Destiny Wealth Partners, LLC added | 703,707 | $10M | 0.2% | 2025-Q1 stale |
| Capitolis Liquid Global Markets LLC trimmed | 530,300 | $7M | 0.1% | 2025-Q3 stale |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 391,970 | $5M | 0.1% | 2025-Q3 stale |
| ALLIANCEBERNSTEIN L.P. added | 377,288 | $5M | 0.1% | 2025-Q1 stale |
| Quent Long Short Global Small Cap Fund, LP new | 364,648 | $5M | 0.1% | 2025-Q4 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.