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Business First Bancshares
BFST

164 hedge funds and large institutions have $400M invested in Business First Bancshares in 2025 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 54 increasing their positions, 53 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 12

12% more capital invested

Capital invested by funds: $356M → $400M (+$44.1M)

5% more funds holding

Funds holding: 156 → 164 (+8)

2% more repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 53

0.75% more ownership

Funds ownership: 50.98% → 51.73% (+0.75%)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $170K

Holders
164
Holders Change
+8
Holders Change %
+5.13%
% of All Funds
1.99%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
22
Increased
54
Reduced
53
Closed
12
Calls
–
Puts
$170K
Net Calls
-$170K
Net Calls Change
-$170K

Top Buyers

Rank Fund Capital Flow
1
RA
Royce & Associates
New York
+$4.43M
2
Goldman Sachs
Goldman Sachs
New York
+$1.76M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$1.51M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$1.44M
5
American Century Companies
American Century Companies
Missouri
+$1.43M

Top Sellers

Rank Fund Capital Flow
1
BFC
Banc Funds Company
Illinois
-$1.99M
2
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$1.03M
3
JP Morgan Chase
JP Morgan Chase
New York
-$977K
4
RSWM
Robertson Stephens Wealth Management
California
-$951K
5
PP
Prospector Partners
Connecticut
-$841K
Name Holding Trade Value Shares
Change 		Change in
Stake
First Trust Advisors
26
First Trust Advisors
Illinois
$2.75M -$59K -2,334 -2%
AQR Capital Management
27
AQR Capital Management
Connecticut
$2.7M +$627K +24,787 +32%
RSWM
28
Robertson Stephens Wealth Management
California
$2.51M -$951K -37,594 -28%
PCM
29
Polaris Capital Management
Massachusetts
$2.15M +$137K +5,400 +7%
CAM
30
Cresset Asset Management
Illinois
$1.84M – – –
Creative Planning
31
Creative Planning
Kansas
$1.8M +$880K +34,810 +102%
GCM
32
Gator Capital Management
Florida
$1.72M +$14.9K +590 +0.9%
Two Sigma Investments
33
Two Sigma Investments
New York
$1.66M +$138K +5,454 +9%
Millennium Management
34
Millennium Management
New York
$1.62M +$1.08M +42,661 +222%
Swiss National Bank
35
Swiss National Bank
Switzerland
$1.51M – – –
N
36
Nuveen
North Carolina
$1.46M – – –
Bank of America
37
Bank of America
North Carolina
$1.4M +$452K +17,857 +50%
Raymond James Financial
38
Raymond James Financial
Florida
$1.36M -$33.7K -1,334 -3%
WF
39
Womack Financial
Texas
$1.35M -$26.7K -1,054 -2%
Prudential Financial
40
Prudential Financial
New Jersey
$1.25M +$941K +37,220 +355%
PRCP
41
Pacific Ridge Capital Partners
Oregon
$1.24M +$53.4K +2,110 +5%
Connor, Clark & Lunn Investment Management (CC&L)
42
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.23M -$589K -23,276 -33%
Barclays
43
Barclays
United Kingdom
$1.21M +$154K +6,091 +15%
Victory Capital Management
44
Victory Capital Management
Texas
$1.15M -$101K -4,000 -8%
Man Group
45
Man Group
United Kingdom
$1.1M +$127K +5,033 +14%
BGIM
46
Brandywine Global Investment Management
Pennsylvania
$1.06M -$37.9K -1,500 -4%
MHWM
47
Montz Harcus Wealth Management
Louisiana
$1.05M +$5.77K +228 +0.6%
GWM
48
Geneos Wealth Management
Colorado
$1,000K -$86K -3,400 -8%
MWP
49
Meriwether Wealth & Planning
Louisiana
$982K – – –
Marshall Wace
50
Marshall Wace
United Kingdom
$965K +$408K +16,130 +78%
1
2
3 4 5

BFST Hedge Fund Activity: Q4 2025 in Review

164 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Business First Bancshares (BFST) for Q4 2025, worth a combined $400M — up 12% from $356M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new BFST positions and 12 closed out — a net gain of 10 holders — while 54 added to existing stakes and 53 trimmed.

The largest buyer was Royce & Associates, adding an estimated $4.43M. The largest seller was Banc Funds Company, cutting an estimated $1.99M.

  • 164 institutional investors held Business First Bancshares (BFST) as of Q4 2025, up from 156 in Q3 2025.
  • Funds reported $400M of Business First Bancshares stock for Q4 2025, up 12% quarter-over-quarter.
  • 22 funds opened new Business First Bancshares positions in Q4 2025 and 12 closed out, a net change of +10 holders.
  • The largest Business First Bancshares buyer in Q4 2025 was Royce & Associates, an estimated $4.43M added.
  • The largest Business First Bancshares seller in Q4 2025 was Banc Funds Company, an estimated $1.99M sold.

Based on aggregated 13F filings for Q4 2025.