ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041
BDCZ
8 hedge funds and large institutions have $1.18M invested in ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 in 2025 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 1 reducing their positions, and 1 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 1
0% more funds holding
Funds holding: 8 → 8 (0)
0% more first-time investments, than exits
New positions opened: 1 | Existing positions closed: 1
3% less capital invested
Capital invested by funds: $1.21M → $1.18M (-$31.7K)
6.14% less ownership
Funds ownership: 6.14% → 0% (-6.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$34.1K |
| 2 |
CW
CreativeOne Wealth
Overland Park,
Kansas
|
+$28.4K |
| 3 |
IMC Chicago
Chicago,
Illinois
|
+$18K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$346 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
-$15.5K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$7.75K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
IMC Chicago
Chicago,
Illinois
| $628K | +$18K | +988 | +3% |
|
|
CW
2
CreativeOne Wealth
Overland Park,
Kansas
| $403K | +$28.4K | +1,558 | +7% |
|
|
3
UBS Group
Zurich,
Switzerland
| $86.6K | +$346 | +19 | +0.4% |
|
|
ASN
4
Advisory Services Network
Atlanta,
Georgia
| $32K | +$34.1K | +1,871 | New |
|
5
Osaic Holdings
Scottsdale,
Arizona
| $16.5K | – | – | – |
|
6
Morgan Stanley
New York
| $9.19K | – | – | – |
|
|
GWM
7
Geneos Wealth Management
Englewood,
Colorado
| $4.11K | – | – | – |
|
8
Bank of America
Charlotte,
North Carolina
| $163 | – | – | – |
|
|
9
Wells Fargo
San Francisco,
California
| $12 | -$7.75K | -425 | -100% |
|
|
CAM
10
Creekmur Asset Management
Morton,
Illinois
| $4 | – | – | – |
|
|
11
Raymond James Financial
St Petersburg,
Florida
| – | -$15.5K | -839 | Closed |
|
BDCZ Hedge Fund Activity: Q3 2025 in Review
8 of the 7,622 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 Q3 2025, worth a combined $1.18M — down 2.6% from $1.21M a quarter earlier.
Fund positioning in BDCZ was balanced in Q3 2025: 1 fund opened new positions, 1 closed out, 3 added to existing stakes and 1 trimmed.
The largest buyer was Advisory Services Network, opening a new position worth an estimated $34.1K. The largest seller was Raymond James Financial, exiting entirely with an estimated $15.5K sold.
- 8 institutional investors held ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 (BDCZ) as of Q3 2025, unchanged from Q2 2025.
- Funds reported $1.18M of ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 stock for Q3 2025, down 2.6% quarter-over-quarter.
- 1 fund opened new ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 positions in Q3 2025 and 1 closed out, a net change of 0 holders.
- The largest ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 buyer in Q3 2025 was Advisory Services Network, an estimated $34.1K added.
- The largest ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 seller in Q3 2025 was Raymond James Financial, an estimated $15.5K sold.
Based on aggregated 13F filings for Q3 2025.