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
10.27% less ownership
Funds ownership: 10.27% → 0% (-10%)
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 |
BDCZ Hedge Fund Activity: Q1 2026 in Review
7 of the 8,203 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.