Putnam BDC Income ETF
PBDC
26 hedge funds and large institutions have $38.2M invested in Putnam BDC Income ETF in 2024 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 11 increasing their positions, 3 reducing their positions, and 3 closing their positions.
300% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 3
267% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 3
44% more funds holding
Funds holding: 18 → 26 (+8)
1% less capital invested
Capital invested by funds: $38.5M → $38.2M (-$274K)
15.15% less ownership
Funds ownership: 71.45% → 56.3% (-15%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$10.9M |
| 2 |
EWA
Evolution Wealth Advisors
Aventura,
Florida
|
+$4.21M |
| 3 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$1.83M |
| 4 |
3AM
3EDGE Asset Management
Naples,
Florida
|
+$1.5M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$1.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$636K |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$399K |
| 3 |
Goldman Sachs
New York
|
-$334K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$55.7K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$25.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Morgan Stanley
New York
| $37 | -$32 | -1 | -50% |
|
|
27
Envestnet Asset Management
Chicago,
Illinois
| – | -$399K | -12,601 | Closed |
|
|
28
Goldman Sachs
New York
| – | -$334K | -10,563 | Closed |
|
|
29
UBS Group
Zurich,
Switzerland
| – | -$55.7K | -1,760 | Closed |
|
PBDC Hedge Fund Activity: Q1 2024 in Review
26 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Putnam BDC Income ETF (PBDC) for Q1 2024, worth a combined $38.2M — down 0.71% from $38.5M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new PBDC positions and 3 closed out — a net gain of 9 holders — while 11 added to existing stakes and 3 trimmed.
The largest buyer was Franklin Resources, opening a new position worth an estimated $10.9M. The largest seller was Royal Bank of Canada, cutting an estimated $636K.
- 26 institutional investors held Putnam BDC Income ETF (PBDC) as of Q1 2024, up from 18 in Q4 2023.
- Funds reported $38.2M of Putnam BDC Income ETF stock for Q1 2024, down 0.71% quarter-over-quarter.
- 12 funds opened new Putnam BDC Income ETF positions in Q1 2024 and 3 closed out, a net change of +9 holders.
- The largest Putnam BDC Income ETF buyer in Q1 2024 was Franklin Resources, an estimated $10.9M added.
- The largest Putnam BDC Income ETF seller in Q1 2024 was Royal Bank of Canada, an estimated $636K sold.
Based on aggregated 13F filings for Q1 2024.