FT Confluence BDC & Specialty Finance Income ETF
FBDC
14 hedge funds and large institutions have $8.89M invested in FT Confluence BDC & Specialty Finance Income ETF in 2026 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 6 reducing their positions, and 4 closing their positions.
2.81% more ownership
Funds ownership: 23.87% → 26.68% (+2.8%)
0% more funds holding
Funds holding: 14 → 14 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
5% less capital invested
Capital invested by funds: $9.32M → $8.89M (-$426K)
50% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$1.51M |
| 2 |
Goldman Sachs
New York
|
+$1.12M |
| 3 |
Jane Street
New York
|
+$280K |
| 4 |
PTC
Private Trust Company
Cleveland,
Ohio
|
+$16.9K |
| 5 |
UPS
UHLMANN PRICE SECURITIES
Skokie,
Illinois
|
+$5.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$706K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$459K |
| 3 |
NS
NBC Securities
Birmingham,
Alabama
|
-$344K |
| 4 |
CEFA
Closed-End Fund Advisors
Richmond,
Virginia
|
-$263K |
| 5 |
LPL Financial
San Diego,
California
|
-$142K |
FBDC Hedge Fund Activity: Q1 2026 in Review
14 of the 8,191 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.