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LIEN

Chicago Atlantic BDC
LIEN

39 hedge funds and large institutions have $39.3M invested in Chicago Atlantic BDC in 2025 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 4

42% more capital invested

Capital invested by funds: $27.8M → $39.3M (+$11.5M)

26% more funds holding

Funds holding: 31 → 39 (+8)

5.09% more ownership

Funds ownership: 11.58% → 16.67% (+5.1%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

30% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 10

Holders
39
Holders Change
+8
Holders Change %
+25.81%
% of All Funds
0.47%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
12
Increased
7
Reduced
10
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Sowell Financial Services
Arkansas
+$5.01M
2
Corient Private Wealth
Corient Private Wealth
Florida
+$4.37M
3
LCM
LVM Capital Management
Michigan
+$1.69M
4
BlackRock
BlackRock
New York
+$1.45M
5
SMA
Sage Mountain Advisors
Georgia
+$647K

Top Sellers

Rank Fund Capital Flow
1
Deutsche Bank
Deutsche Bank
Germany
-$1.17M
2
IAN
Integrated Advisors Network
Texas
-$881K
3
Brown Advisory
Brown Advisory
Maryland
-$518K
4
Rockefeller Capital Management
Rockefeller Capital Management
New York
-$287K
5
BMCM
Black Maple Capital Management
Wisconsin
-$217K
Name Holding Trade Value Shares
Change 		Change in
Stake
MFIM
26
Mesirow Financial Investment Management
Illinois
$128K – – –
FL
27
FreeGulliver LLC
Louisiana
$126K – – –
SRC
28
Sage Rhino Capital
California
$113K +$114K +10,901 New
WHG
29
Westwood Holdings Group
Texas
$111K – – –
SW
30
SteelPeak Wealth
California
$110K +$108K +10,277 New
BWP
31
Bernardo Wealth Planning
Pennsylvania
$106K – – –
MG
32
Mather Group
Illinois
$106K +$107K +10,215 New
Northwestern Mutual Wealth Management
33
Northwestern Mutual Wealth Management
Wisconsin
$63.5K +$64.4K +6,146 New
TCM
34
Triumph Capital Management
Colorado
$32.1K +$32.5K +3,105 New
Rockefeller Capital Management
35
Rockefeller Capital Management
New York
$31K -$287K -27,424 -90%
VR
36
Vision Retirement
New Jersey
$4.13K +$4.19K +400 New
Royal Bank of Canada
37
Royal Bank of Canada
Ontario, Canada
$2K -$15.5K -1,477 -88%
UBS Group
38
UBS Group
Switzerland
$331 -$618 -59 -65%
Morgan Stanley
39
Morgan Stanley
New York
$26 – – –
Deutsche Bank
40
Deutsche Bank
Germany
– -$1.17M -111,235 Closed
IAN
41
Integrated Advisors Network
Texas
– -$881K -83,881 Closed
Mariner
42
Mariner
Kansas
– -$127K -12,100 Closed
Jane Street
43
Jane Street
New York
– -$126K -12,026 Closed
1
2

LIEN Hedge Fund Activity: Q4 2025 in Review

39 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Chicago Atlantic BDC (LIEN) for Q4 2025, worth a combined $39.3M — up 42% from $27.8M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new LIEN positions and 4 closed out — a net gain of 8 holders — while 7 added to existing stakes and 10 trimmed.

The largest buyer was Sowell Financial Services, opening a new position worth an estimated $5.01M. The largest seller was Deutsche Bank, exiting entirely with an estimated $1.17M sold.

  • 39 institutional investors held Chicago Atlantic BDC (LIEN) as of Q4 2025, up from 31 in Q3 2025.
  • Funds reported $39.3M of Chicago Atlantic BDC stock for Q4 2025, up 42% quarter-over-quarter.
  • 12 funds opened new Chicago Atlantic BDC positions in Q4 2025 and 4 closed out, a net change of +8 holders.
  • The largest Chicago Atlantic BDC buyer in Q4 2025 was Sowell Financial Services, an estimated $5.01M added.
  • The largest Chicago Atlantic BDC seller in Q4 2025 was Deutsche Bank, an estimated $1.17M sold.

Based on aggregated 13F filings for Q4 2025.