Putnam BDC Income ETF
PBDC
40 hedge funds and large institutions have $54.2M invested in Putnam BDC Income ETF in 2025 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 22 increasing their positions, 6 reducing their positions, and 5 closing their positions.
267% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 6
16% more capital invested
Capital invested by funds: $46.6M → $54.2M (+$7.59M)
0.47% more ownership
Funds ownership: 23.89% → 24.35% (+0.47%)
0% more funds holding
Funds holding: 40 → 40 (0)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$2.63M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
+$2.3M |
| 3 |
AWM
Apollon Wealth Management
Mount Pleasant,
South Carolina
|
+$1.37M |
| 4 |
SPIA
Steward Partners Investment Advisory
New York
|
+$1.18M |
| 5 |
CCM
Condor Capital Management
Martinsville,
New Jersey
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
RFG Advisory
Birmingham,
Alabama
|
-$847K |
| 2 |
IFG
Independent Financial Group
San Diego,
California
|
-$374K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$354K |
| 4 |
BIG
Brookwood Investment Group
Phoenix,
Arizona
|
-$345K |
| 5 |
AWM
Able Wealth Management
Toms River,
New Jersey
|
-$287K |
PBDC Hedge Fund Activity: Q2 2025 in Review
40 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Putnam BDC Income ETF (PBDC) for Q2 2025, worth a combined $54.2M — up 16% from $46.6M a quarter earlier.
Fund positioning in PBDC was balanced in Q2 2025: 5 funds opened new positions, 5 closed out, 22 added to existing stakes and 6 trimmed.
The largest buyer was LPL Financial, opening a new position worth an estimated $2.63M. The largest seller was RFG Advisory, cutting an estimated $847K.
- 40 institutional investors held Putnam BDC Income ETF (PBDC) as of Q2 2025, unchanged from Q1 2025.
- Funds reported $54.2M of Putnam BDC Income ETF stock for Q2 2025, up 16% quarter-over-quarter.
- 5 funds opened new Putnam BDC Income ETF positions in Q2 2025 and 5 closed out, a net change of 0 holders.
- The largest Putnam BDC Income ETF buyer in Q2 2025 was LPL Financial, an estimated $2.63M added.
- The largest Putnam BDC Income ETF seller in Q2 2025 was RFG Advisory, an estimated $847K sold.
Based on aggregated 13F filings for Q2 2025.