- Quarter end
- 31 Mar 2025
- the date the book describes
- Filed
- 5 Nov 2026
- latest of these filings; the earliest 12 May 2025
- Managers listing it
- 6
- at least, of 95 tracked, among listed positions
- Comparable managers
- 95
- filed both Q4 2024 and Q1 2025; 5 listed it in both
- Shares listed
- 7,089,947
- combined, among listed positions
- Reported value
- $711m
- combined, at the quarter end
Among the 95 comparable managers: 5 buyers (opened or added shares) and 1 seller (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.
Managers listing BDC in Q1 2025
6 of 6 holders
| Action | Filing | |||||
|---|---|---|---|---|---|---|
| Fidelity (FMR LLC) | 4,913,525 | $493m | under 0.1% | Added | +203,301 | 5 Nov 2026 (the filing on sec.gov) |
| Wellington Management Group LLP | 1,729,636 | $173m | under 0.1% | Trimmed | -48,266 | 13 May 2025 (the filing on sec.gov) |
| Renaissance Technologies LLC | 324,555 | $33m | under 0.1% | Added | +47,000 | 14 May 2025 (the filing on sec.gov) |
| First Eagle Investment Management LLC | 88,441 | $8.9m | under 0.1% | Added | +4,650 | 12 May 2025 (the filing on sec.gov) |
| Polen Capital Management LLC | 30,665 | $3.1m | under 0.1% | Added | +6,483 | 12 May 2025 (the filing on sec.gov) |
| Freestone Grove Partners LP | 3,125 | $313k | under 0.1% | New | new | 15 May 2025 (the filing on sec.gov) |
Largest increases and reductions, by shares
Increases
- Fidelity (FMR LLC)existing position · 4,913,525 shares now+203,301
- Renaissance Technologies LLCexisting position · 324,555 shares now+47,000
- Polen Capital Management LLCexisting position · 30,665 shares now+6,483
- First Eagle Investment Management LLCexisting position · 88,441 shares now+4,650
- Freestone Grove Partners LPnew position · 3,125 shares now+3,125
Reductions
- Wellington Management Group LLPexisting position · 1,729,636 shares now-48,266
New positions and exits
New (1)
Exited (0)
No exit shown by a manager’s own filing.
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q2 2013 | 6 | $409m | n.a. | n.a. |
| Q3 2013 | 4 | $504m | n.a. | n.a. |
| Q4 2013 | 5 | $517m | n.a. | n.a. |
| Q1 2014 | 5 | $521m | n.a. | n.a. |
| Q2 2014 | 4 | $561m | n.a. | n.a. |
| Q3 2014 | 4 | $471m | n.a. | n.a. |
| Q4 2014 | 5 | $750m | n.a. | n.a. |
| Q1 2015 | 5 | $835m | n.a. | n.a. |
| Q2 2015 | 4 | $572m | n.a. | n.a. |
| Q3 2015 | 3 | $368m | n.a. | n.a. |
| Q4 2015 | 2 | $392m | n.a. | n.a. |
| Q1 2016 | 2 | $463m | n.a. | n.a. |
| Q2 2016 | 2 | $409m | n.a. | n.a. |
| Q3 2016 | 3 | $410m | n.a. | n.a. |
| Q4 2016 | 5 | $539m | n.a. | n.a. |
| Q1 2017 | 4 | $322m | n.a. | n.a. |
| Q2 2017 | 5 | $720m | n.a. | n.a. |
| Q3 2017 | 4 | $925m | n.a. | n.a. |
| Q4 2017 | 5 | $717m | n.a. | n.a. |
| Q1 2018 | 4 | $641m | n.a. | n.a. |
| Q2 2018 | 4 | $606m | n.a. | n.a. |
| Q3 2018 | 3 | $698m | n.a. | n.a. |
| Q4 2018 | 5 | $227m | n.a. | n.a. |
| Q1 2019 | 6 | $615m | n.a. | n.a. |
| Q2 2019 | 5 | $695m | n.a. | n.a. |
| Q3 2019 | 5 | $585m | n.a. | n.a. |
| Q4 2019 | 5 | $669m | n.a. | n.a. |
| Q1 2020 | 4 | $416m | n.a. | n.a. |
| Q2 2020 | 3 | $140m | n.a. | n.a. |
| Q3 2020 | 2 | $96m | n.a. | n.a. |
| Q4 2020 | 4 | $116m | n.a. | n.a. |
| Q1 2021 | 2 | $111m | n.a. | n.a. |
| Q2 2021 | 1 | $132m | n.a. | n.a. |
| Q3 2021 | 2 | $381m | n.a. | n.a. |
| Q4 2021 | 1 | $155m | n.a. | n.a. |
| Q1 2022 | 1 | $108m | n.a. | n.a. |
| Q2 2022 | 3 | $125m | n.a. | n.a. |
| Q3 2022 | 4 | $120m | n.a. | n.a. |
| Q4 2022 | 5 | $127m | n.a. | n.a. |
| Q1 2023 | 4 | $144m | n.a. | n.a. |
| Q2 2023 | 5 | $213m | n.a. | n.a. |
| Q3 2023 | 4 | $187m | n.a. | n.a. |
| Q4 2023 | 3 | $129m | 1 | 2 |
| Q1 2024 | 3 | $336m | 3 | 0 |
| Q2 2024 | 4 | $380m | 2 | 2 |
| Q3 2024 | 6 | $933m | 2 | 4 |
| Q4 2024 | 7 | $866m | 3 | 4 |
| Q1 2025 | 6 | $711m | 5 | 1 |
| Q2 2025 | 6 | $885m | 3 | 3 |
| Q3 2025 | 6 | $1.2bn | 4 | 4 |
| Q4 2025 | 6 | $1.1bn | 16 | 11 |
| Q1 2026 | 5 | $604m | 23 | 10 |
| Q2 2026 | 6 | $662m | 22 | 14 |
Compare with…
Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.
BDC and LIN →BDC and GLW →BDC and HWM →Choose a stock to compare with BDC →
How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.
Which funds own BDC, latest filings →Back to the 13F Explorer →