ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041
BDCZ
7 hedge funds and large institutions have $996K invested in ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 in 2026 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 2 reducing their positions, and 2 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 2
13% less funds holding
Funds holding: 8 → 7 (-1)
46% less capital invested
Capital invested by funds: $1.85M → $996K (-$853K)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$29.5K |
| 2 |
CW
CreativeOne Wealth
Overland Park,
Kansas
|
+$23.9K |
| 3 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
+$252 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$792K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.5K |
| 3 |
IMC Chicago
Chicago,
Illinois
|
-$47 |
| 4 |
Wells Fargo
San Francisco,
California
|
-$16 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
IMC Chicago
Chicago,
Illinois
| $554K | -$47 | -3 | -0% |
|
|
CW
2
CreativeOne Wealth
Overland Park,
Kansas
| $378K | +$23.9K | +1,518 | +6% |
|
|
ASN
3
Advisory Services Network
Atlanta,
Georgia
| $28.2K | +$29.5K | +1,871 | New |
|
4
Osaic Holdings
Scottsdale,
Arizona
| $13.6K | – | – | – |
|
|
GWM
5
Geneos Wealth Management
Englewood,
Colorado
| $13.3K | +$252 | +16 | +2% |
|
6
Morgan Stanley
New York
| $8.09K | – | – | – |
|
|
7
UBS Group
Zurich,
Switzerland
| $904 | -$1.5K | -95 | -61% |
|
|
8
Wells Fargo
San Francisco,
California
| $5 | -$16 | -1 | Closed |
|
|
9
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$792K | -47,063 | Closed |
|
BDCZ Hedge Fund Activity: Q1 2026 in Review
7 of the 8,143 institutional investors tracked by Wall St. Rank reported a position in ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 (BDCZ) for Q1 2026, worth a combined $996K — down 46% from $1.85M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of BDCZ and 1 opened new positions — a net loss of 1 holder — while 2 trimmed existing stakes and 2 added.
The largest buyer was Advisory Services Network, opening a new position worth an estimated $29.5K. The largest seller was Susquehanna International Group, exiting entirely with an estimated $792K sold.
- 7 institutional investors held ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 (BDCZ) as of Q1 2026, down from 8 in Q4 2025.
- Funds reported $996K of ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 stock for Q1 2026, down 46% quarter-over-quarter.
- 1 fund opened new ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 positions in Q1 2026 and 2 closed out, a net change of -1 holder.
- The largest ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 buyer in Q1 2026 was Advisory Services Network, an estimated $29.5K added.
- The largest ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 seller in Q1 2026 was Susquehanna International Group, an estimated $792K sold.
Based on aggregated 13F filings for Q1 2026.