FT Confluence BDC & Specialty Finance Income ETF
FBDC
14 hedge funds and large institutions have $9.32M invested in FT Confluence BDC & Specialty Finance Income ETF in 2025 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 8 reducing their positions, and 5 closing their positions.
7.2% less ownership
Funds ownership: 31.06% → 23.87% (-7.2%)
13% less funds holding
Funds holding: 16 → 14 (-2)
24% less capital invested
Capital invested by funds: $12.3M → $9.32M (-$2.99M)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
75% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$370K |
| 2 |
UPS
UHLMANN PRICE SECURITIES
Skokie,
Illinois
|
+$198K |
| 3 |
NS
NBC Securities
Birmingham,
Alabama
|
+$30.6K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$3.88K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$1.52M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$773K |
| 3 |
LPL Financial
San Diego,
California
|
-$642K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$509K |
| 5 |
Morgan Stanley
New York
|
-$263K |
FBDC Hedge Fund Activity: Q4 2025 in Review
14 of the 8,274 institutional investors tracked by Wall St. Rank reported a position in FT Confluence BDC & Specialty Finance Income ETF (FBDC) for Q4 2025, worth a combined $9.32M — down 24% from $12.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FBDC and 3 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 2 added.
The largest buyer was Citadel Advisors, adding an estimated $370K. The largest seller was Goldman Sachs, cutting an estimated $1.52M.
- 14 institutional investors held FT Confluence BDC & Specialty Finance Income ETF (FBDC) as of Q4 2025, down from 16 in Q3 2025.
- Funds reported $9.32M of FT Confluence BDC & Specialty Finance Income ETF stock for Q4 2025, down 24% quarter-over-quarter.
- 3 funds opened new FT Confluence BDC & Specialty Finance Income ETF positions in Q4 2025 and 5 closed out, a net change of -2 holders.
- The largest FT Confluence BDC & Specialty Finance Income ETF buyer in Q4 2025 was Citadel Advisors, an estimated $370K added.
- The largest FT Confluence BDC & Specialty Finance Income ETF seller in Q4 2025 was Goldman Sachs, an estimated $1.52M sold.
Based on aggregated 13F filings for Q4 2025.