Putnam BDC Income ETF
PBDC
57 hedge funds and large institutions have $62M invested in Putnam BDC Income ETF in 2025 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 18 increasing their positions, 15 reducing their positions, and 10 closing their positions.
130% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 10
30% more funds holding
Funds holding: 44 → 57 (+13)
20% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 15
9% more capital invested
Capital invested by funds: $57M → $62M (+$5.03M)
0.05% more ownership
Funds ownership: 24.88% → 24.93% (+0.05%)
Top Buyers
Top Sellers
PBDC Hedge Fund Activity: Q4 2025 in Review
57 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Putnam BDC Income ETF (PBDC) for Q4 2025, worth a combined $62M — up 8.8% from $57M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new PBDC positions and 10 closed out — a net gain of 13 holders — while 18 added to existing stakes and 15 trimmed.
The largest buyer was Condor Capital Management, adding an estimated $5.38M. The largest seller was Raymond James Financial, cutting an estimated $4.11M.
- 57 institutional investors held Putnam BDC Income ETF (PBDC) as of Q4 2025, up from 44 in Q3 2025.
- Funds reported $62M of Putnam BDC Income ETF stock for Q4 2025, up 8.8% quarter-over-quarter.
- 23 funds opened new Putnam BDC Income ETF positions in Q4 2025 and 10 closed out, a net change of +13 holders.
- The largest Putnam BDC Income ETF buyer in Q4 2025 was Condor Capital Management, an estimated $5.38M added.
- The largest Putnam BDC Income ETF seller in Q4 2025 was Raymond James Financial, an estimated $4.11M sold.
Based on aggregated 13F filings for Q4 2025.