FT Confluence BDC & Specialty Finance Income ETF
FBDC
16 hedge funds and large institutions have $12.3M invested in FT Confluence BDC & Specialty Finance Income ETF in 2025 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 18 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
31.06% more ownership
Funds ownership: 0% → 31.06% (+31%)
47% less capital invested
Capital invested by funds: $23.2M → $12.3M (-$10.9M)
53% less funds holding
Funds holding: 34 → 16 (-18)
94% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$2.64M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.02M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$988K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$320K |
| 5 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$92.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$5.93M |
| 2 |
AAS
Asset Allocation Strategies
Farmington,
Michigan
|
-$2.79M |
| 3 |
Morgan Stanley
New York
|
-$1.12M |
| 4 |
AC
Almitas Capital
Santa Monica,
California
|
-$894K |
| 5 |
NFSG
Newbridge Financial Services Group
Boca Raton,
Florida
|
-$619K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MCM
26
Mendel Capital Management
Little Rock,
Arkansas
| – | -$83.5K | -3,988 | Closed |
|
27
Cetera Investment Advisers
Schaumburg,
Illinois
| – | -$64.3K | -3,068 | Closed |
|
|
KAS
28
KPP Advisory Services
Louisville,
Kentucky
| – | -$52.4K | -2,500 | Closed |
|
|
BAM
29
Belpointe Asset Management
Reno,
Nevada
| – | -$43K | -2,050 | Closed |
|
|
EH
30
Equitable Holdings
New York
| – | -$41.9K | -2,000 | Closed |
|
31
UBS Group
Zurich,
Switzerland
| – | -$23.5K | -1,120 | Closed |
|
|
PSFG
32
Park Square Financial Group
Roswell,
Georgia
| – | -$9.8K | -468 | Closed |
|
33
Bank of America
Charlotte,
North Carolina
| – | -$2.48K | -119 | Closed |
|
FBDC Hedge Fund Activity: Q3 2025 in Review
16 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in FT Confluence BDC & Specialty Finance Income ETF (FBDC) for Q3 2025, worth a combined $12.3M — down 47% from $23.2M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FBDC and 1 opened new positions — a net loss of 17 holders — while 6 trimmed existing stakes and 8 added.
The largest buyer was Goldman Sachs, adding an estimated $2.64M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $5.93M sold.
- 16 institutional investors held FT Confluence BDC & Specialty Finance Income ETF (FBDC) as of Q3 2025, down from 34 in Q2 2025.
- Funds reported $12.3M of FT Confluence BDC & Specialty Finance Income ETF stock for Q3 2025, down 47% quarter-over-quarter.
- 1 fund opened new FT Confluence BDC & Specialty Finance Income ETF positions in Q3 2025 and 18 closed out, a net change of -17 holders.
- The largest FT Confluence BDC & Specialty Finance Income ETF buyer in Q3 2025 was Goldman Sachs, an estimated $2.64M added.
- The largest FT Confluence BDC & Specialty Finance Income ETF seller in Q3 2025 was Sit Investment Associates, an estimated $5.93M sold.
Based on aggregated 13F filings for Q3 2025.