Putnam BDC Income ETF
PBDC
44 hedge funds and large institutions have $57M invested in Putnam BDC Income ETF in 2025 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 23 increasing their positions, 7 reducing their positions, and 3 closing their positions.
229% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 7
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
10% more funds holding
Funds holding: 40 → 44 (+4)
5% more capital invested
Capital invested by funds: $54.2M → $57M (+$2.79M)
0.53% more ownership
Funds ownership: 24.35% → 24.88% (+0.53%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$1.98M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.93M |
| 3 |
HP
Haven Private
Orlando,
Florida
|
+$1.75M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$875K |
| 5 |
DWS
Discipline Wealth Solutions
Greenville,
South Carolina
|
+$640K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$828K |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
-$803K |
| 3 |
IFG
Independent Financial Group
San Diego,
California
|
-$791K |
| 4 |
GC
Guidance Capital
Lousville,
Kentucky
|
-$379K |
| 5 |
WAP
Wealthcare Advisory Partners
West Chester,
Pennsylvania
|
-$129K |
PBDC Hedge Fund Activity: Q3 2025 in Review
44 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Putnam BDC Income ETF (PBDC) for Q3 2025, worth a combined $57M — up 5.2% from $54.2M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PBDC positions and 3 closed out — a net gain of 5 holders — while 23 added to existing stakes and 7 trimmed.
The largest buyer was Cetera Investment Advisers, adding an estimated $1.98M. The largest seller was Cambridge Investment Research Advisors, exiting entirely with an estimated $828K sold.
- 44 institutional investors held Putnam BDC Income ETF (PBDC) as of Q3 2025, up from 40 in Q2 2025.
- Funds reported $57M of Putnam BDC Income ETF stock for Q3 2025, up 5.2% quarter-over-quarter.
- 8 funds opened new Putnam BDC Income ETF positions in Q3 2025 and 3 closed out, a net change of +5 holders.
- The largest Putnam BDC Income ETF buyer in Q3 2025 was Cetera Investment Advisers, an estimated $1.98M added.
- The largest Putnam BDC Income ETF seller in Q3 2025 was Cambridge Investment Research Advisors, an estimated $828K sold.
Based on aggregated 13F filings for Q3 2025.