Putnam BDC Income ETF
PBDC
22 hedge funds and large institutions have $29.9M invested in Putnam BDC Income ETF in 2024 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 3 reducing their positions, and 7 closing their positions.
367% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 3
15% less funds holding
Funds holding: 26 → 22 (-4)
22% less capital invested
Capital invested by funds: $38.2M → $29.9M (-$8.33M)
23.14% less ownership
Funds ownership: 56.3% → 33.16% (-23%)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Condor Capital Management
Martinsville,
New Jersey
|
+$1.58M |
| 2 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$792K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$602K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$572K |
| 5 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$430K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$11.4M |
| 2 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$1.59M |
| 3 |
HIC
Hartline Investment Corp
Winnetka,
Illinois
|
-$408K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$362K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$136K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$136K | -4,014 | Closed |
|
27
Bank of America
Charlotte,
North Carolina
| – | -$7.05K | -208 | Closed |
|
28
JP Morgan Chase
New York
| – | -$5.43K | -160 | Closed |
|
29
Morgan Stanley
New York
| – | -$37 | -1 | Closed |
|
PBDC Hedge Fund Activity: Q2 2024 in Review
22 of the 6,925 institutional investors tracked by Wall St. Rank reported a position in Putnam BDC Income ETF (PBDC) for Q2 2024, worth a combined $29.9M — down 22% from $38.2M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PBDC and 4 opened new positions — a net loss of 3 holders — while 3 trimmed existing stakes and 14 added.
The largest buyer was Condor Capital Management, opening a new position worth an estimated $1.58M. The largest seller was Franklin Resources, exiting entirely with an estimated $11.4M sold.
- 22 institutional investors held Putnam BDC Income ETF (PBDC) as of Q2 2024, down from 26 in Q1 2024.
- Funds reported $29.9M of Putnam BDC Income ETF stock for Q2 2024, down 22% quarter-over-quarter.
- 4 funds opened new Putnam BDC Income ETF positions in Q2 2024 and 7 closed out, a net change of -3 holders.
- The largest Putnam BDC Income ETF buyer in Q2 2024 was Condor Capital Management, an estimated $1.58M added.
- The largest Putnam BDC Income ETF seller in Q2 2024 was Franklin Resources, an estimated $11.4M sold.
Based on aggregated 13F filings for Q2 2024.