| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 1.8M | $210.3M | +0.6% | 4.502% | 0.00% |
| 5 | STATE STREET CORP | 1.5M | $180.5M | +1.6% | 3.864% | 0.00% |
| 6 | WELLINGTON MANAGEMENT GROUP LLP | 1.4M | $171.6M | -9.9% | 3.675% | 0.03% |
| 7 | FULLER & THALER ASSET MANAGEMENT, INC. | 1.2M | $141.0M | +12.0% | 3.020% | 0.38% |
| 8 | DIMENSIONAL FUND ADVISORS LP | 1.1M | $135.2M | +9.2% | 2.896% | 0.02% |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 1.1M | $127.9M | +5.7% | 2.738% | 0.01% |
| 10 | Invesco Ltd. | 848K | $101.7M | +14.3% | 2.177% | 0.01% |
| 11 | Channing Capital Management, LLC | 760K | $91.1M | +7.0% | 1.952% | 2.10% |
| 12 | Allspring Global Investments Holdings, LLC | 666K | $77.8M | -15.2% | 1.709% | 0.12% |
| 13 | NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 547K | $65.6M | -1.8% | 1.405% | 0.10% |
| 14 | SEGALL BRYANT & HAMILL, LLC | 531K | $63.6M | +50.6% | 1.363% | 0.75% |
| 15 | VICTORY CAPITAL MANAGEMENT INC | 500K | $60.0M | +4.7% | 1.284% | 0.03% |
| 16 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 499K | $59.9M | +0.8% | 1.282% | 0.01% |
| 17 | NORTHERN TRUST CORP | 494K | $59.3M | -2.4% | 1.269% | 0.01% |
| 18 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 438K | $52.5M | +140.8% | 1.124% | 0.02% |
| 19 | MARSHALL WACE, LLP | 426K | $51.1M | +4344.3% | 1.093% | 0.04% |
| 20 | MORGAN STANLEY | 415K | $49.8M | +39.7% | 1.067% | 0.00% |
| 21 | NORGES BANK | 390K | $46.7M | — | 1.001% | 0.00% |
| 22 | Boston Partners | 390K | $46.1M | +37.0% | 1.001% | 0.04% |
| 23 | Newport Trust Company, LLC | 351K | $42.1M | +2.9% | 0.901% | 0.10% |
| 24 | SILVERCREST ASSET MANAGEMENT GROUP LLC | 325K | $38.9M | -7.3% | 0.834% | 0.26% |
| 25 | NOMURA HOLDINGS INC | 314K | $37.6M | — | 0.806% | 0.04% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in BDC — a direct measure of their conviction.
Institutions that fully closed their BDC position in Q2 2026
| 101.79% |
| 3.88 pp |
| $3.73B |
| 14% |
| Q4 2024 | 334 | +11% | 105.67% | +1.50 pp | $4.33B | 2.5% |
| Q3 2024 | 301 | — | 104.17% | — | $4.44B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
46 institutions opened new positions in BDC during Q2 2026, while 59 fully exited. 218 added to existing positions and 96 trimmed.
BDC institutional ownership rose by 4.64 percentage points quarter-over-quarter, with a net change of -9 holders.
The top 10 institutions account for 55.7% of all reported 13F value in BDC, and the top 25 account for 74.5%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Belden Inc. (BDC) Institutional Ownership