VanEck BDC Income ETF
BIZD
250 hedge funds and large institutions have $735M invested in VanEck BDC Income ETF in 2025 Q4 according to their latest regulatory filings, with 56 funds opening new positions, 86 increasing their positions, 79 reducing their positions, and 32 closing their positions.
75% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 32
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
9% more capital invested
Capital invested by funds: $673M → $735M (+$62.7M)
9% more funds holding
Funds holding: 230 → 250 (+20)
3.41% more ownership
Funds ownership: 42.54% → 45.96% (+3.4%)
9% more repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 79
54% less call options, than puts
Call options by funds: $3.74M | Put options by funds: $8.17M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$35.3M |
| 2 |
Two Sigma Investments
New York
|
+$31.8M |
| 3 |
CA
Cambridge Associates
Boston,
Massachusetts
|
+$18.4M |
| 4 |
TCA
Transcend Capital Advisors
Madison,
New Jersey
|
+$15.6M |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
+$13.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QC
Quadrature Capital
London,
United Kingdom
|
-$9.6M |
| 2 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$6.79M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$5.78M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$5.76M |
| 5 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$5.61M |
BIZD Hedge Fund Activity: Q4 2025 in Review
250 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in VanEck BDC Income ETF (BIZD) for Q4 2025, worth a combined $735M — up 9.3% from $673M a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new BIZD positions and 32 closed out — a net gain of 24 holders — while 86 added to existing stakes and 79 trimmed.
The largest buyer was Wells Fargo, adding an estimated $35.3M. The largest seller was Quadrature Capital, cutting an estimated $9.6M.
- 250 institutional investors held VanEck BDC Income ETF (BIZD) as of Q4 2025, up from 230 in Q3 2025.
- Funds reported $735M of VanEck BDC Income ETF stock for Q4 2025, up 9.3% quarter-over-quarter.
- 56 funds opened new VanEck BDC Income ETF positions in Q4 2025 and 32 closed out, a net change of +24 holders.
- The largest VanEck BDC Income ETF buyer in Q4 2025 was Wells Fargo, an estimated $35.3M added.
- The largest VanEck BDC Income ETF seller in Q4 2025 was Quadrature Capital, an estimated $9.6M sold.
Based on aggregated 13F filings for Q4 2025.