FT Confluence BDC & Specialty Finance Income ETF

FBDC

Market cap $33.8M

FBDC Hedge Fund Activity: Q1 2026 in Review

14 of the 8,131 institutional investors tracked by Wall St. Rank reported a position in FT Confluence BDC & Specialty Finance Income ETF (FBDC) for Q1 2026, worth a combined $8.89M — down 4.6% from $9.32M a quarter earlier.

Fund positioning in FBDC was balanced in Q1 2026: 4 funds opened new positions, 4 closed out, 3 added to existing stakes and 6 trimmed.

The largest buyer was Stifel Financial, opening a new position worth an estimated $1.51M. The largest seller was Morgan Stanley, cutting an estimated $706K.

• 14 institutional investors held FT Confluence BDC & Specialty Finance Income ETF (FBDC) as of Q1 2026, unchanged from Q4 2025.
• Funds reported $8.89M of FT Confluence BDC & Specialty Finance Income ETF stock for Q1 2026, down 4.6% quarter-over-quarter.
• 4 funds opened new FT Confluence BDC & Specialty Finance Income ETF positions in Q1 2026 and 4 closed out, a net change of 0 holders.
• The largest FT Confluence BDC & Specialty Finance Income ETF buyer in Q1 2026 was Stifel Financial, an estimated $1.51M added.
• The largest FT Confluence BDC & Specialty Finance Income ETF seller in Q1 2026 was Morgan Stanley, an estimated $706K sold.

Based on aggregated 13F filings for Q1 2026.