BCHT · Birchtech Corp. · Shareholders & Ownership
The latest filing states the doubt was alleviated.
“As disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, the Company had previously identified conditions that raised substantial doubt about its ability to continue as a going concern. Subsequent to year end, on February 27, 2026 and March 17, 2026 (following the partial exercise of the underwriters’ overallotment option), the Company completed an underwritten public offering of its common stock and received aggregate gross proceeds of $16.4 million, before deducting underwriting discounts and commissions and offering expenses. Based on the net proceeds from the offering, together with the Company’s existing cash, anticipated revenues and additional cash inflows from its current operations, management believes that the Company has sufficient liquidity to fund its operations and meet its obligations for at least the next twelve months and that the conditions giving rise to the previously disclosed substantial doubt have been alleviated.”View the 10-Q filed Aug 13, 2026
2 customers — 47% of revenue (three months ended June 30, 2026)
“For the three month period ended June 30, 2026, two customers represented 47%, and 12% of the Company's revenues”
2 customers — 37% of revenue (six months ended June 30, 2026)
“For the six month period ended June 30, 2026, two customers represented 37%, and 16% of the Company's revenues”
One customer — 16% of revenue (six months ended June 30, 2026)
“For the six month period ended June 30, 2026, two customers represented 37%, and 16% of the Company's revenues”
One customer — 12% of revenue (three months ended June 30, 2026)
“For the three month period ended June 30, 2026, two customers represented 47%, and 12% of the Company's revenues”
2 customers — 49% of receivables (June 30, 2026)
“At June 30, 2026, two customers represented 49%, and 10% of the Company's accounts receivable”
One customer — 10% of receivables (June 30, 2026)
“At June 30, 2026, two customers represented 49%, and 10% of the Company's accounts receivable”
2 customers — 51% of receivables (December 31, 2025)
“at December 31, 2025, two customers represented 51%, and 14% of the Company's accounts receivable”
One customer — 14% of receivables (December 31, 2025)
“at December 31, 2025, two customers represented 51%, and 14% of the Company's accounts receivable”
Every disclosed holder of BCHT in one list: 13F institutions, Schedule 13D and 13G filers, insiders (Forms 3, 4 and 5) and registered funds, each from its own latest filing. Holders nest by CIK and SEC reporting links, never by name, and each is summed once.
Who Owns BCHT
13F quarter Sep 30, 2026, combined view: filers that have not filed yet carry their Jun 30, 2026 positions| Holder group | Shares | % Out |
|---|---|---|
| Institutional (13F) | 4,542,238 | 17.27% |
| Insiders (Forms 3, 4, 5) | 3,470,829 | 13.19% |
| 13D/G-only blocks | 1,380,513 | 5.25% |
| Remaining | 16,912,386 | 64.29% |
| Registered funds (N-PORT, not summed) | 1,714,536 | 6.52% |
Shares outstanding: 26,305,966, the issuer's latest cover-page count restated onto today's split basis.
13D/G-only counts each filer's latest 13D or 13G that no 13F report of the listing contains, that names no 13F filer and that no counted insider files. Funds are never summed: their shares sit inside their advisers' 13F reports.
Holders of BCHT
| # | Holder | Shares | As of | Notes |
|---|---|---|---|---|
| 1 |
MacPherson Richard
Insider
CIK 1524386 · Feb 27, 2026
Director, President and CEO, 10% Owner, issuer-wide
|
2,955,095 | ||
| 2 |
|
1,380,513 | ||
| 3 |
HEARTLAND ADVISORS INC
13F
CIK 937394 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
1,000,000 | ||
| 3.1 |
Heartland Value Fund
Fund
S000003523 · Registered fund · Jun 30, 2026
HEARTLAND GROUP INC., not summed
|
1,000,000 | ||
| 4 |
VANGUARD CAPITAL MANAGEMENT LLC
13F
CIK 2100119 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
721,182 | ||
| 5 |
Ancora Advisors LLC
13F
CIK 1446114 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
700,244 | ||
| 6 |
CHAPIN DAVIS, INC.
13F
CIK 872098 · Unknown · Sep 30, 2026
|
676,693 | ||
| 7 |
|
439,706 | ||
| 8 |
Aristides Capital LLC
13F
CIK 1595521 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
425,000 | ||
| 9 |
VANGUARD TOTAL STOCK MARKET INDEX FUND
Fund
S000002848 · Registered fund · Jun 30, 2026
VANGUARD INDEX FUNDS, not summed
|
409,633 | ||
| 10 |
WHITE PINE CAPITAL LLC
13F
CIK 1137429 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
330,154 | ||
| 11 |
VANGUARD EXTENDED MARKET INDEX FUND
Fund
S000002841 · Registered fund · Jun 30, 2026
VANGUARD INDEX FUNDS, not summed
|
233,653 | ||
| 12 |
GEODE CAPITAL MANAGEMENT, LLC
13F
CIK 1214717 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
139,192 | ||
| 13 |
VANGUARD FIDUCIARY TRUST CO
13F
CIK 933478 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
103,667 | ||
| 14 |
|
74,028 | ||
| 15 |
BlackRock, Inc.
13F
CIK 2012383 · Holding company · Jun 30, 2026
carried, not yet filed for the newest quarter
|
71,250 | ||
| 15.1 |
iShares Micro-Cap ETF
Fund
S000004439 · Registered fund · Jun 30, 2026
iShares Trust, not summed
|
66,871 | ||
| 16 |
ARS Investment Partners, LLC
13F
CIK 733020 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
64,200 | ||
| 17 |
Diametric Capital, LP
13F
CIK 1719087 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
52,954 | ||
| 18 |
Sigma Planning Corp
13F
CIK 1449126 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
52,412 | ||
| 19 |
NORTHERN TRUST CORP
13F
CIK 73124 · Bank · Jun 30, 2026
carried, not yet filed for the newest quarter
|
47,555 | ||
| 20 |
CITADEL ADVISORS LLC
13F
CIK 1423053 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
41,385 | ||
| 21 |
Crewe Advisors LLC
13F
CIK 1730033 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
35,600 | ||
| 22 |
Corient Private Wealth LLC
13F
CIK 1948780 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
21,544 | ||
| 23 |
|
15,513 | ||
| 24 |
WATERS PARKERSON & CO., LLC
13F
CIK 1222993 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
13,000 | ||
| 25 |
CIBC WORLD MARKET INC.
13F
CIK 1421224 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
10,607 | ||
| 26 |
Smartleaf Asset Management LLC
13F
CIK 2010393 · Registered investment adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
9,091 | ||
| 27 |
NATIONAL BANK OF CANADA /FI/
13F
CIK 926171 · Bank · Jun 30, 2026
carried, not yet filed for the newest quarter
|
4,882 | ||
| 28 |
1290 VT Micro Cap Portfolio
Fund
S000044688 · Registered fund · Jun 30, 2026
EQ Advisors Trust, not summed
|
4,379 | ||
| 29 |
Persistent Asset Partners Ltd
13F
CIK 2056052 · Exempt reporting adviser · Jun 30, 2026
carried, not yet filed for the newest quarter
|
3,094 | ||
| 30 |
MORGAN STANLEY
13F
CIK 895421 · Holding company · Jun 30, 2026
carried, not yet filed for the newest quarter
|
2,500 | ||
| 31 |
|
2,000 | ||
| 32 |
ROYAL BANK OF CANADA
13F
CIK 1000275 · Bank · Jun 30, 2026
carried, not yet filed for the newest quarter
|
506 | ||
| 33 |
Caitong International Asset Management Co., Ltd
13F
CIK 1963355 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
10 | ||
| 34 |
|
2 | ||
| 35 |
HUNTINGTON NATIONAL BANK
13F
CIK 49205 · Unknown · Jun 30, 2026
carried, not yet filed for the newest quarter
|
1 |
Shares are restated onto today's split basis. Change compares each row with the same holder's previous filing in the same source; a dash means there is none to compare. Nested 13D/G, insider and fund rows are not summed, since a 13F report already holds them.