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Business First Bancshares
BFST

156 hedge funds and large institutions have $356M invested in Business First Bancshares in 2025 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 57 increasing their positions, 44 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

91% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 11

30% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 44

7% more funds holding

Funds holding: 146 → 156 (+10)

0.86% more ownership

Funds ownership: 50.12% → 50.98% (+0.86%)

3% less capital invested

Capital invested by funds: $366M → $356M (-$9.92M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
156
Holders Change
+10
Holders Change %
+6.85%
% of All Funds
2.05%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
21
Increased
57
Reduced
44
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FL
Fourthstone LLC
Missouri
+$3.2M
2
RA
Royce & Associates
New York
+$2.39M
3
First Trust Advisors
First Trust Advisors
Illinois
+$2.2M
4
American Century Companies
American Century Companies
Missouri
+$2.02M
5
CP
CenterBook Partners
Connecticut
+$1.13M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$4.79M
2
BFC
Banc Funds Company
Illinois
-$1.93M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$942K
4
KAS
Kestra Advisory Services
Texas
-$939K
5
UBS AM
UBS AM
Illinois
-$854K
Name Holding Trade Value Shares
Change 		Change in
Stake
Nisa Investment Advisors
151
Nisa Investment Advisors
Missouri
$472 – – –
AssetMark Inc
152
AssetMark Inc
California
$189 – – –
SS
153
Sunbelt Securities
Texas
$189 +$198 +8 New
SAM
154
Smartleaf Asset Management
Massachusetts
$165 +$173 +7 New
FFO
155
Fortitude Family Office
Arizona
$118 – – –
SS
156
SBI Securities
Japan
$24 -$594 -24 -96%
Susquehanna International Group
157
Susquehanna International Group
Pennsylvania
– -$942K -38,203 Closed
KAS
158
Kestra Advisory Services
Texas
– -$939K -38,108 Closed
MWM
159
MGB Wealth Management
Texas
– -$807K -32,733 Closed
HFS
160
Howard Financial Services
Texas
– -$447K -18,128 Closed
AA
161
ALPS Advisors
Colorado
– -$364K -14,769 Closed
MF
162
Magnetar Financial
Illinois
– -$330K -13,392 Closed
JF
163
Jump Financial
Illinois
– -$226K -9,152 Closed
VOYA Investment Management
164
VOYA Investment Management
Georgia
– -$216K -8,754 Closed
PAM
165
Panagora Asset Management
Massachusetts
– -$203K -8,249 Closed
MCM
166
MAI Capital Management
Ohio
– -$617 -25 Closed
TPWA
167
Twin Peaks Wealth Advisors
California
– -$24 -1 Closed
3 4 5 6
7

BFST Hedge Fund Activity: Q3 2025 in Review

156 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Business First Bancshares (BFST) for Q3 2025, worth a combined $356M — down 2.7% from $366M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new BFST positions and 11 closed out — a net gain of 10 holders — while 57 added to existing stakes and 44 trimmed.

The largest buyer was Fourthstone LLC, adding an estimated $3.2M. The largest seller was Millennium Management, cutting an estimated $4.79M.

  • 156 institutional investors held Business First Bancshares (BFST) as of Q3 2025, up from 146 in Q2 2025.
  • Funds reported $356M of Business First Bancshares stock for Q3 2025, down 2.7% quarter-over-quarter.
  • 21 funds opened new Business First Bancshares positions in Q3 2025 and 11 closed out, a net change of +10 holders.
  • The largest Business First Bancshares buyer in Q3 2025 was Fourthstone LLC, an estimated $3.2M added.
  • The largest Business First Bancshares seller in Q3 2025 was Millennium Management, an estimated $4.79M sold.

Based on aggregated 13F filings for Q3 2025.