BCD · abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF · Holdings ETF

$38.80 -0.27 (-0.69%)

Volume · Oct 21 7408 Avg daily vol (3M) 45.87K

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

Quarter:

Holders: 19

Total Value: $58,430,226

Total Shares: 1,518,852

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 19 13F filers · Δ vs Jun 30, 2026

Top Holder

25.8%

+5.9 pts

Top 5

80.2%

+33.9 pts

Top 10

95.5%

+31.2 pts

HHI

1,686

Moderately concentrated+996

Who Holds BCD

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 83 filers, like-for-like change +10.5%; actively managed books +10.5%; index-like books +100000.0%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	76.6%	52	+5.9%	3	7
Adviser	0.4%	1	+9.4%	0	0
Bank	2.0%	4	-18.4%	0	1
Broker-dealer	2.5%	1	-8.6%	0	0
Holding company	2.1%	4	+23.1%	0	0
Unknown	16.3%	21	+51.8%	4	4

Style	Share	Filers	Change	New	Exited
Index-like	0.0%	1	+100000.0%	0	0
Systematic-like	0.2%	1	new	1	0
Concentrated	45.8%	18	+1.2%	1	2
Diversified active	54.0%	63	+19.4%	5	10
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	85.5%	59	+7.6%	2	7
Medium turnover	10.7%	12	+13.6%	1	4
High turnover	2.2%	6	+1016.6%	4	1
Unknown	1.6%	6	+14.8%	0	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	2.4%	8	+38.1%	0	0
Medium horizon	7.9%	14	-5.6%	0	3
Long horizon	89.3%	59	+13.2%	5	8
Unknown	0.4%	2	-71.0%	2	1
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	29.3%	35	+1.6%	1	3
$1B to $10B	41.7%	19	+4.8%	0	6
$10B to $100B	13.0%	18	+22.2%	3	2
$100B or more	16.0%	11	+42.9%	3	1
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	45.2%	44	+14.0%	2	6
Pooled investment vehicles	0.2%	1	new	1	0
Registered funds and BDCs	0.9%	1	+22.1%	0	0
Pension and profit sharing plans	0.2%	1	0.0%	0	0
Insurance companies	2.5%	1	+6.5%	0	0
Governments and sovereign funds	19.9%	1	-7.2%	0	0
Other investment advisers	7.9%	3	-2.1%	0	0
Charitable organizations	0.0%	0	-100.0%	0	1
Diversified	0.0%	0	—	0	0
Unknown	23.4%	31	+29.3%	4	5

Private funds	Share	Filers	Change	New	Exited
Hedge funds	0.2%	1	+96.9%	1	1
Private equity funds	1.5%	2	-9.0%	0	1
Real estate funds	0.1%	2	+28523.1%	1	0
No private funds	74.8%	47	+5.9%	1	5
Other private funds	0.0%	0	—	0	0
Private funds, type not stated	0.0%	0	—	0	0
Unknown	23.4%	31	+29.3%	4	5

Location	Share	Filers	Change	New	Exited
United States	97.3%	78	+11.2%	7	11
Outside the US	2.7%	5	-8.2%	0	1

The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Conviction and Crowding

83 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

9.64% of filers hold it in their top 10

Mar 31, 2026: 10

Holders above 5%

median weight 0.018%

Mar 31, 2026: 1

Crowding

—

no cover-page share count is dated within about a year of the quarter end

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

no cover-page share count is dated within about a year of the quarter end

Top 10 holders

64.4%

of 13F shares, Herfindahl 0.069

Active holders

+10.5%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 9.5 quarters

Under 1 year 14.0% 1 to 3 years 51.9% 3 years or more 34.0% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$33.92

estimated per share

Mar 31, 2026: $33.42

Quarter-end price

$34.15

implied by 13F values

Estimated gain or loss

+0.7%

price against the estimated cost

Estimated at a loss

35.6%

of costed 13F value

Estimated cost covers 88.0% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Fund Ownership of BCD by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 0 shares.

Fund type	Shares	Funds
Index funds	0	0
Index ETFs	0	0
Active ETFs	0	0
Active funds	134,241	1
Unclassified	0	0
All registered funds	134,241	1

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Quarterly Activity

vs Jun 30, 2026

New

Increased

Decreased

Sold Out

Unchanged

New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.

Holder count: -66

Institutional value: -73.6%

Shares held: -76.6%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Small Columbus Macro, LLC	+14,137	391,327
Mid HENGEHOLD CAPITAL MANAGEMENT LLC	+9,904	355,129
Small InTrack Investment Management Inc	+7,252	35,682
Large Farther Finance Advisors, LLC	+4,835	7,799
Small Mengis Capital Management, Inc.	+4,548	90,085

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Small RHS Financial, LLC	−28,269	63,891
Mid Cooper Financial Group	−17,812	7,242
Mid AMERICAN NATIONAL BANK & TRUST	−10,715	280,843
Mid Atria Investments, Inc	−2,741	38,238
Mid CoreCap Advisors, LLC	−2,011	101,152

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)	Open
Small Triumph Capital Management	200	$7,694

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)	Open
Mid IFP Advisors, Inc	133	$4,541

Filter: New 1 Increased 8 Reduced 5 Sold out 1 Unchanged 5

Holder type: Registered adviser 14 Unknown 5

Showing 19 of 19

All Common Calls Puts

Compact Export CSV

Holder	Value (USD)	% of 13F	Shares	Own %	Change	Type	Filed
Small Columbus Macro, LLC Registered adviser	$15,054,349	25.76%	391,327	—	+14,137 +3.7%	Shares	2026-10-14
Mid HENGEHOLD CAPITAL MANAGEMENT LLC Registered adviser	$13,661,812	23.38%	355,129	—	+9,904 +2.9%	Shares	2026-10-16
Mid AMERICAN NATIONAL BANK & TRUST	$10,804,030	18.49%	280,843	—	-10,715 -3.7%	Shares	2026-10-07
Mid CoreCap Advisors, LLC Registered adviser	$3,891,317	6.66%	101,152	—	-2,011 -1.9%	Shares	2026-10-08
Small Mengis Capital Management, Inc.	$3,465,569	5.93%	90,085	—	+4,548 +5.3%	Shares	2026-10-13
Small RHS Financial, LLC Registered adviser	$2,457,886	4.21%	63,891	—	-28,269 -30.7%	Shares	2026-10-13
Small Ifrah Financial Services, Inc. Registered adviser	$2,280,116	3.90%	59,270	—	+265 +0.4%	Shares	2026-10-13
Mid Atria Investments, Inc Registered adviser	$1,471,015	2.52%	38,238	—	-2,741 -6.7%	Shares	2026-10-15
Small InTrack Investment Management Inc Registered adviser	$1,372,686	2.35%	35,682	—	+7,252 +25.5%	Shares	2026-10-15
Small Alhambra Investment Management LLC Registered adviser	$1,367,377	2.34%	35,544	—	+2,162 +6.5%	Shares	2026-10-15
Small Investment Research Partners LLC	$602,786	1.03%	15,669	—	0 0.0%	Shares	2026-10-19
Micro Avail Investment Partners, LLC	$602,786	1.03%	15,669	—	0 0.0%	Shares	2026-10-16
Small Centurion Wealth Management LLC Registered adviser	$431,748	0.74%	11,223	—	0 0.0%	Shares	2026-10-13
Small SHEETS SMITH WEALTH MANAGEMENT Registered adviser	$302,643	0.52%	7,867	—	0 0.0%	Shares	2026-10-16
Large Farther Finance Advisors, LLC Registered adviser	$300,027	0.51%	7,799	—	+4,835 +163.1%	Shares	2026-10-08
Mid Cooper Financial Group Registered adviser	$278,599	0.48%	7,242	—	-17,812 -71.1%	Shares	2026-10-07
Small PENSION & WEALTH MANAGEMENT ADVISORS, INC. Registered adviser	$52,550	0.09%	1,366	—	0 0.0%	Shares	2026-10-16
Small Whipplewood Advisors, LLC	$25,236	0.04%	656	—	+1 +0.2%	Shares	2026-10-20
Small Triumph Capital Management Registered adviser	$7,694	0.01%	200	—	New	Shares	2026-10-14
Mid IFP Advisors, Inc Registered adviser	$4,541	0.01%	133	—	Sold Out	Shares	2026-07-20
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