Free · no sign-up · Q2 2026

Which funds own BDC

Belden Inc in the Q2 2026 filings. At least 1 of the 91 current managers on file reported a position, worth $17m between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.

Managers holding: 1; at least, of 91 current
Combined value: $17m; as reported
Opened: 0; new this quarter
Added to: 1; already held
Trimmed or sold out: 1; 1 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Managers reporting a position

Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.

Manager	Value	Weight	Shares	Change on the quarter	Action
First Eagle Investment Management LLC Value · $60.8bn book	$17m	0.0%	145,409	+$5.7m+42,843	Added

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

GAMCO Investors Inc · Activist$500k held before

Ownership through time

At least 6 of the 95 managers whose filings are on file listed BDC in Q2 2026, against 6 in Q2 2013. 1 manager more than in Q1 2026: 1 started a position; 1 listed it again; 1 no longer listed it among the positions read, which can mean a holding below the listed range, a filing that reported no holdings, or a filing not yet made.

Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.

Started in Q2 2026

Holocene Advisors LP$3.8m

Largest increases, by shares

First Eagle Investment Management LLC102,566 to 145,409 shares+$5.1m
Holocene Advisors LPnew: 32,095 shares+$3.8m
Caxton Associates LLP10,404 to 17,686 shares+$873k

Largest decreases, by shares

Wellington Management Group LLP1,588,405 to 1,431,187 shares-$19m
T. Rowe Price Associates Inc3,517,081 to 3,471,129 shares-$5.5m

Left it

No manager on file is shown leaving it.

Manager	First listed	Largest	Q2 2026
T. Rowe Price Associates Inc	Q4 2014	$416m	$416m
Wellington Management Group LLP	Q2 2013	$470m	$172m
Marshall Wace LLP	Q2 2026	$51m	$51m
First Eagle Investment Management LLC	Q3 2022	$17m	$17m
Holocene Advisors LP	Q1 2018	$3.8m	$3.8m
Caxton Associates LLP	Q4 2025	$2.1m	$2.1m
Fidelity (FMR LLC)	Q3 2024	$715m	last listed Q4 2025
Janus Henderson Group Ltd	Q2 2017	$409m	last listed Q2 2020
Invesco Ltd	Q2 2013	$236m	last listed Q3 2018
AllianceBernstein LP	Q3 2019	$155m	last listed Q4 2024
Renaissance Technologies LLC	Q2 2023	$40m	last listed Q4 2025
AQR Capital Management LLC	Q2 2022	$28m	last listed Q4 2023
Capital World Investors	Q2 2013	$23m	last listed Q3 2014
Arrowstreet Capital LP	Q1 2019	$20m	last listed Q2 2023
Point72 Asset Management LP	Q3 2020	$18m	last listed Q4 2020
Winton Group Ltd	Q4 2018	$5.9m	last listed Q4 2024

What BDC is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

Build the comp set around BDC →

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.

What to do with a name the funds are buying

Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.

Comps ExplorerValue it against the peers it trades beside Every managerRead any of these books in full Deal tapeWhat buyers paid for whole companies, not slices Hedge fund interviewsHow the room runs, and the stock pitch it wants

Company names, tickers and logos are the trademarks of their respective owners and appear here to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, and nothing here is a statement by or about that company. More

Provided for information purposes only, not financial advice. The holdings indexed here and anything drawn from them are illustrative, produced from assumptions you control, and must not be relied on for any investment, financial or business decision. Read the full notice

Not advice, and not a recommendation. Everything L3VLUP publishes is provided for information purposes only. Nothing here is financial, investment, legal, tax or accounting advice, a personal recommendation, or an offer or solicitation to buy or sell any security or financial instrument. It takes no account of anyone’s objectives, financial situation or needs.

Not a regulated adviser. L3VLUP does not provide regulated financial services. Speak to a suitably qualified and regulated professional before acting on anything you read here.

Illustrative figures. Default values are plausible starting points chosen so a model has somewhere to begin. They are not data, not a view on any company, and not calibrated to anything. Outputs move with whatever you type in.

Third-party data. Where live figures appear they come from third parties, including public filings and market feeds. They may be delayed, incomplete, restated, mis-tagged at source or simply wrong, and their providers do not endorse or verify this page. Every figure links to where it came from — check it there before relying on it. Past performance is not a guide to future performance.

Company names and logos. Names, tickers and logos are the trademarks of their owners and appear only to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, none of them took part in preparing the exercise, and nothing here is a statement by or about any of them. See third-party names and marks.

No warranty, and limited liability. This page is provided “as is” without warranty of any kind. To the fullest extent permitted by law, L3VLUP accepts no liability for any loss or damage arising from use of, or reliance on, anything on it. Nothing in this notice limits any liability that cannot lawfully be limited.

Full terms: Information Purposes and No Advice · Terms

The holdings, every quarter, and the week between

One email a week on what moved in the market and what it means for the people interviewing into it, with the 13F changes the quarter they are filed.

One email a week, free, and you can leave at any point.