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BDCI · BTC Development Corp. · Holdings

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$10.16 +0.00 (+0.00%) At close · Oct 26
Rebalance outlook locked
Going-concern doubt — flagged Aug 10, 2026

Substantial doubt about the company's ability to continue as a going concern.

“Management has determined that the liquidity condition raises substantial doubt about the Company's ability to continue as a going concern.”
View the 10-Q filed Aug 10, 2026
Market Cap
$353.03M
Shares
34.75M
Volume · Oct 26 5719 Avg daily vol (3M) 71.47K

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 → See every holder of BDCI: 13F, 13D and 13G, insiders and funds →
The Sep 30, 2026 filing window is still open — showing the latest known positions. Funds that have not filed yet carry their prior-quarter positions; a fund that filed without this stock counts as sold out. Each fund's Change is measured against its own previous reported quarter, shown in the Reported column. Pick a completed quarter in the Quarter selector below to put every fund on one quarter and see the stock-wide activity breakdown.
Holders: 66
Total Value: $233,951,381
Total Shares: 28,877,376
Showing 1–100 of 105 holdings by value · page 1 of 2

Institutional Ownership Trend

5 quarters

Holder Concentration

Across 66 13F filers
Top Holder
8.4%
Sep 2025 → Jun 2026 · range 8.0% – 9.2%
of institutional value
Top 5
30.1%
Sep 2025 → Jun 2026 · range 28.8% – 30.1%
of institutional value
Top 10
51.0%
Sep 2025 → Jun 2026 · range 47.2% – 51.0%
of institutional value
HHI
364
Sep 2025 → Jun 2026 · range 337 – 364
Broadly held

Who Holds BDCI

Last 5 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: 66 filers, like-for-like change +11.2%; actively managed books +11.3%; index-like books 0.0%.

Holder type Share Filers Change
Registered adviser 61.0% 35 +3.9%
Exempt adviser 6.8% 3 0.0%
Adviser 10.7% 4 +440.5%
Bank 7.7% 2 -11.7%
Insurer 0.9% 1 -12.5%
Benefit plan 0.2% 1 0.0%
Non-US 4.9% 5 -34.9%
Holding company 0.0% 1 -35.8%
Unknown 7.9% 14 +57.3%

The Sep 30, 2026 filing window is still open, so its bar carries the Jun 30, 2026 positions of filers that have not filed yet.

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

53 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
1
1.89% of filers hold it in their top 10
Mar 31, 2026: 1
Holders above 5%
0
median weight 0.099%
Mar 31, 2026: 0
Crowding
—
the issuer has more than one class of common stock, so its count is the total across classes
Private-fund advisers
—
of shares outstanding
Institutional ownership
—
the issuer has more than one class of common stock, so its count is the total across classes
Top 10 holders
52.0%
of 13F shares, Herfindahl 0.038
Active holders
+10.4%
like-for-like share change of active filers
5% stakes on record
4
2 13D, 2 13G (1 institutional, 1 passive, 0 exempt)
How long holders have held it value-weighted 2.7 quarters
Under 1 year 100.0% 1 to 3 years 0.000% 3 years or more 0.000% 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
$10.08
estimated per share
Mar 31, 2026: $10.09
Quarter-end price
$10.07
implied by 13F values
Estimated gain or loss
-0.1%
price against the estimated cost
Estimated at a loss
75.9%
of costed 13F value

Estimated cost covers 98.6% 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.

Shared Holders

Companies BDCI's active holders also own, quarter ended Jun 30, 2026
# Company Shared holders
1 APXT Apex Treasury Corp 6
2 RFAI RF Acquisition Corp II 3
3 HVMC Highview Merger Corp. 4
4 LAFA LaFayette Acquisition Corp. 4
5 KOYN CSLM Digital Asset Acquisition Corp III, Ltd 4
6 WENN WEN Acquisition Corp 4
7 CRAQ Cal Redwood Acquisition Corp. 3
8 GSHR Gesher Acquisition Corp. II 3
9 CHEC Chenghe Acquisition III Co. 3
10 POLE Andretti Acquisition Corp. II 5

Shareholder Targets

13F filers that own its peers but not BDCI, quarter ended Jun 30, 2026

Found through its holder-overlap peers: APXT, RFAI, HVMC, LAFA, KOYN, WENN, CRAQ, GSHR, CHEC, POLE, SZZL, VNME, QADR, MBVI, AACP, DNMX, XRPNU, PACH, IPCX, SOUL. 84 filers in all.

# Filer In peers
1 Crossingbridge Advisors, LLC Adviser, Diversified active $83,341,293 12 held
2 MMCAP International Inc. SPC Unknown, Diversified active $70,073,250 8 held
3 Arrington Capital Management, LLC Registered adviser, Concentrated $60,394,320 1 held
4 RLH Capital LLC Unknown, Diversified active $33,839,569 6 held
5 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS Unknown, Diversified active $32,178,644 10 held
6 GOLDMAN SACHS GROUP INC Holding company, Index-like $31,410,556 9 held
7 Parallax Volatility Advisers, L.P. Registered adviser, Diversified active $30,295,685 8 held
8 RiverPark Advisors, LLC Registered adviser, Diversified active $27,674,619 4 held
9 Calamos Advisors LLC Registered adviser, Diversified active $22,051,169 6 held
10 JPMORGAN CHASE & CO Bank, Diversified active $18,166,025 13 held

Fund Ownership of BDCI by Fund Type

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

Index funds and index ETFs hold 0.00% of shares outstanding.

Fund type Of shares outstanding Shares
Index funds 0.00% 0
Index ETFs 0.00% 0
Active ETFs 0.01% 4,562
Active funds 2.40% 834,501
Unclassified 0.00% 0
All registered funds 2.41% 839,063
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.

Holder type: Registered adviser 35 Exempt adviser 3 Adviser 4 Bank 2 Insurer 1 Benefit plan 1 Non-US 5 Holding company 1 Unknown 14
Showing 100 of 105
All Common Calls Puts
Export CSV
Holder Value (USD) % of 13F Shares Open
METEORA CAPITAL, LLC $19,728,892 8.43% 1,959,175
GLAZER CAPITAL, LLC $11,713,907 5.01% 1,163,248
WOLVERINE ASSET MANAGEMENT LLC $11,519,928 4.92% 1,143,985
TORONTO DOMINION BANK $11,436,347 4.89% 1,135,685
TENOR CAPITAL MANAGEMENT Co., L.P. $11,328,750 4.84% 1,125,000
Linden Advisors LP $11,328,750 4.84% 1,125,000
LMR Partners LLP $10,321,750 4.41% 1,025,000
ADAGE CAPITAL PARTNERS GP, L.L.C. $10,070,000 4.30% 1,000,000
AQR Arbitrage LLC $8,848,247 3.78% 878,674
Verition Fund Management LLC $8,460,401 3.62% 840,159
Magnetar Financial LLC $7,552,500 3.23% 750,000
First Trust Capital Management L.P. $7,440,209 3.18% 738,849
D. E. Shaw & Co., Inc. $7,049,000 3.01% 700,000
Radcliffe Capital Management, L.P. $6,579,355 2.81% 653,362
Alberta Investment Management Corp $5,286,750 2.26% 525,000
TORONTO DOMINION BANK BDCIU $4,613,525 1.97% 450,100
Periscope Capital Inc. $4,531,500 1.94% 450,000
Hudson Bay Capital Management LP $4,028,000 1.72% 400,000
MOORE CAPITAL MANAGEMENT, LP $4,028,000 1.72% 400,000
ARISTEIA CAPITAL, L.L.C. $4,028,000 1.72% 400,000
TWO SIGMA INVESTMENTS, LP $3,992,140 1.71% 396,439
MILLENNIUM MANAGEMENT LLC $3,965,566 1.70% 393,800
Context Capital Management, LLC $3,524,500 1.51% 350,000
Centiva Capital, LP $3,157,025 1.35% 313,508
Wealthspring Capital LLC $3,149,412 1.35% 312,752
Shaolin Capital Management LLC $3,125,385 1.34% 310,366
HIGHBRIDGE CAPITAL MANAGEMENT LLC $3,025,058 1.29% 300,403
BNP PARIBAS ARBITRAGE, SA $2,712,052 1.16% 269,320
SONA ASSET MANAGEMENT (US) LLC $2,643,314 1.13% 262,494
BERKLEY W R CORP $2,619,237 1.12% 260,103
CSS LLC/IL $2,342,453 1.00% 232,617
HGC Investment Management Inc. BDCIU $2,050,000 0.88% 200,000
Mint Tower Capital Management B.V. $2,014,000 0.86% 200,000
Governors Lane LP $2,014,000 0.86% 200,000
Lineage Point Capital LP $2,014,000 0.86% 200,000
RIVERNORTH CAPITAL MANAGEMENT, LLC $2,009,589 0.86% 199,562
Polar Asset Management Partners Inc. $1,762,250 0.75% 175,000
MIZUHO SECURITIES USA LLC $1,510,500 0.65% 150,000
Karpus Management, Inc. BDCIU $1,465,750 0.63% 143,000
Schonfeld Strategic Advisors LLC $1,187,253 0.51% 117,900
DLD Asset Management, LP $1,088,567 0.47% 108,100
StoneX Group Inc. $1,079,836 0.46% 107,233
HRT FINANCIAL LP BDCIU $1,053,628 0.45% 102,793
O'Connor Alternative Investments LLC $1,007,000 0.43% 100,000
WHITEBOX ADVISORS LLC $1,007,000 0.43% 100,000
MILLENNIUM MANAGEMENT LLC BDCIU $1,001,958 0.43% 97,752
Clear Street Group Inc. $954,837 0.41% 94,820
Clear Street Group Inc. BDCIU $796,804 0.34% 77,737
STIFEL FINANCIAL CORP BDCIU $761,062 0.33% 74,250
Bulldog Investors, LLP $663,008 0.28% 65,840
OMERS ADMINISTRATION Corp BDCIU $621,672 0.27% 60,651
MARSHALL WACE, LLP $595,690 0.25% 59,155
Arax Advisory Partners $587,564 0.25% 58,348
SkyView Investment Advisors, LLC $536,731 0.23% 53,300
Westchester Capital Management, LLC BDCIU $512,499 0.22% 50,000
Virtu Financial LLC $301,646 0.13% 29,955
SUSQUEHANNA INTERNATIONAL GROUP, LLP $280,660 0.12% 27,871
READYSTATE ASSET MANAGEMENT LP BDCIU $205,000 0.09% 20,000
ABC ARBITRAGE SA $203,000 0.09% 20,000
PICTON MAHONEY ASSET MANAGEMENT $201,400 0.09% 20,000
Quarry LP BDCIU $153,750 0.07% 15,000
Lineage Point Capital LP BDCIU $130,872 0.06% 12,768
Kepos Capital LP $29,203 0.01% 2,900
MORGAN STANLEY $433 0.00% 43
UBS Group AG BDCIU $256 0.00% 25
UBS Group AG $10 0.00% 1
BOOTHBAY FUND MANAGEMENT, LLC BDCIW — — 14,619
Hudson Bay Capital Management LP BDCIW — — 36,642
Mint Tower Capital Management B.V. BDCIW — — 50,000
DLD Asset Management, LP BDCIW — — 25,000
MILLENNIUM MANAGEMENT LLC BDCIW — — 93,620
Verition Fund Management LLC BDCIW — — 212,196
GLAZER CAPITAL, LLC BDCIW — — 306,113
BNP PARIBAS ARBITRAGE, SA BDCIW — — 59,118
WHITEBOX ADVISORS LLC BDCIW — — 25,000
Lineage Point Capital LP BDCIW — — 108,685
Polar Asset Management Partners Inc. BDCIW — — 135,250
Harraden Circle Investments, LLC BDCIW — — 299,999
Saba Capital Management, L.P. BDCIW — — 131,249
Arax Advisory Partners BDCIW — — 14,587
SkyView Investment Advisors, LLC BDCIW — — 13,325
Radcliffe Capital Management, L.P. BDCIW — — 38,124
PICTON MAHONEY ASSET MANAGEMENT BDCIW — — 5,000
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND BDCIW — — 187,500
TORONTO DOMINION BANK BDCIW — — 618,041
Schonfeld Strategic Advisors LLC BDCIW — — 12,500
AQR Arbitrage LLC BDCIW — — 227,880
Bulldog Investors, LLP BDCIW — — 16,460
CSS LLC/IL BDCIW — — 166,866
RIVERNORTH CAPITAL MANAGEMENT, LLC BDCIW — — 49,939
Wealthspring Capital LLC BDCIW — — 84,740
Linden Advisors LP BDCIW — — 281,250
Periscope Capital Inc. BDCIW — — 151,576
Alberta Investment Management Corp BDCIW — — 131,250
TENOR CAPITAL MANAGEMENT Co., L.P. BDCIW — — 281,250
Context Capital Management, LLC BDCIW — — 87,500
LMR Partners LLP BDCIW — — 281,250
Decagon Asset Management LLP BDCIW — — 79,481
METEORA CAPITAL, LLC BDCIW — — 542,639
ARISTEIA CAPITAL, L.L.C. BDCIW — — 99,998

Showing the top 100 of 105 holders. Create a free account to see every holder, past quarters, search, filters and CSV export.

Key facts CIK 2042292 CUSIP G0701G109 13F (30d) 1 filings 1 filers