Putnam BDC Income ETF
PBDC
40 hedge funds and large institutions have $46.6M invested in Putnam BDC Income ETF in 2025 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 11 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
82% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 11
16% more capital invested
Capital invested by funds: $40.1M → $46.6M (+$6.47M)
11% more funds holding
Funds holding: 36 → 40 (+4)
4.89% less ownership
Funds ownership: 28.78% → 23.89% (-4.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Condor Capital Management
Martinsville,
New Jersey
|
+$2.13M |
| 2 |
IFG
Independent Financial Group
San Diego,
California
|
+$1.72M |
| 3 |
RA
RFG Advisory
Birmingham,
Alabama
|
+$897K |
| 4 |
NFSG
Newbridge Financial Services Group
Boca Raton,
Florida
|
+$418K |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$331K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
3AM
3EDGE Asset Management
Naples,
Florida
|
-$560K |
| 2 |
PFG
Prosperity Financial Group
San Ramon,
California
|
-$404K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$134K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$117K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$115K |
PBDC Hedge Fund Activity: Q1 2025 in Review
40 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Putnam BDC Income ETF (PBDC) for Q1 2025, worth a combined $46.6M — up 16% from $40.1M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new PBDC positions and 3 closed out — a net gain of 4 holders — while 20 added to existing stakes and 11 trimmed.
The largest buyer was Condor Capital Management, adding an estimated $2.13M. The largest seller was 3EDGE Asset Management, cutting an estimated $560K.
- 40 institutional investors held Putnam BDC Income ETF (PBDC) as of Q1 2025, up from 36 in Q4 2024.
- Funds reported $46.6M of Putnam BDC Income ETF stock for Q1 2025, up 16% quarter-over-quarter.
- 7 funds opened new Putnam BDC Income ETF positions in Q1 2025 and 3 closed out, a net change of +4 holders.
- The largest Putnam BDC Income ETF buyer in Q1 2025 was Condor Capital Management, an estimated $2.13M added.
- The largest Putnam BDC Income ETF seller in Q1 2025 was 3EDGE Asset Management, an estimated $560K sold.
Based on aggregated 13F filings for Q1 2025.