Chicago Atlantic BDC
LIEN
31 hedge funds and large institutions have $27.8M invested in Chicago Atlantic BDC in 2025 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 8 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
25% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 8
20% more capital invested
Capital invested by funds: $23.2M → $27.8M (+$4.6M)
7% more funds holding
Funds holding: 29 → 31 (+2)
2.01% more ownership
Funds ownership: 9.57% → 11.58% (+2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
+$2.09M |
| 2 |
Mirae Asset Global ETFs Holdings
Causeway Bay,
Hong Kong
|
+$1.45M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1.18M |
| 4 |
Corient Private Wealth
Miami,
Florida
|
+$846K |
| 5 |
WCP
Wick Capital Partners
Wayne,
Pennsylvania
|
+$566K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BMCM
Black Maple Capital Management
Milwaukee,
Wisconsin
|
-$288K |
| 2 |
AWM
Apollon Wealth Management
Mount Pleasant,
South Carolina
|
-$261K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$260K |
| 4 |
HF
HRT Financial
New York
|
-$173K |
| 5 |
SHA
Seneca House Advisors
Richmond,
Virginia
|
-$115K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Jane Street
New York
| $126K | +$128K | +12,026 | New |
|
|
WHG
27
Westwood Holdings Group
Dallas,
Texas
| $113K | – | – | – |
|
|
BWP
28
Bernardo Wealth Planning
Harleysville,
Pennsylvania
| $108K | – | – | – |
|
29
Royal Bank of Canada
Toronto,
Ontario, Canada
| $18K | +$8.68K | +815 | +95% |
|
30
UBS Group
Zurich,
Switzerland
| $956 | -$9.04K | -849 | -90% |
|
31
Morgan Stanley
New York
| $22 | +$11 | +1 | +100% |
|
|
HF
32
HRT Financial
New York
| – | -$173K | -16,763 | Closed |
|
|
XT
33
XTX Topco
George Town,
Cayman Islands
| – | -$112K | -10,776 | Closed |
|
LIEN Hedge Fund Activity: Q3 2025 in Review
31 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Chicago Atlantic BDC (LIEN) for Q3 2025, worth a combined $27.8M — up 20% from $23.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new LIEN positions and 2 closed out — a net gain of 3 holders — while 10 added to existing stakes and 8 trimmed.
The largest buyer was Sage Mountain Advisors, adding an estimated $2.09M. The largest seller was Black Maple Capital Management, cutting an estimated $288K.
- 31 institutional investors held Chicago Atlantic BDC (LIEN) as of Q3 2025, up from 29 in Q2 2025.
- Funds reported $27.8M of Chicago Atlantic BDC stock for Q3 2025, up 20% quarter-over-quarter.
- 5 funds opened new Chicago Atlantic BDC positions in Q3 2025 and 2 closed out, a net change of +3 holders.
- The largest Chicago Atlantic BDC buyer in Q3 2025 was Sage Mountain Advisors, an estimated $2.09M added.
- The largest Chicago Atlantic BDC seller in Q3 2025 was Black Maple Capital Management, an estimated $288K sold.
Based on aggregated 13F filings for Q3 2025.