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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
+$5.01M |
| 2 |
Corient Private Wealth
Miami,
Florida
|
+$4.37M |
| 3 |
LCM
LVM Capital Management
Portage,
Michigan
|
+$1.69M |
| 4 |
BlackRock
New York
|
+$1.45M |
| 5 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
+$647K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.17M |
| 2 |
IAN
Integrated Advisors Network
Dallas,
Texas
|
-$881K |
| 3 |
Brown Advisory
Baltimore,
Maryland
|
-$518K |
| 4 |
Rockefeller Capital Management
New York
|
-$287K |
| 5 |
BMCM
Black Maple Capital Management
Milwaukee,
Wisconsin
|
-$217K |
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.