BDCIW · BTC Development Corp. · Holdings

$0.31 At close · Oct 27

Market Cap

$353.55M

34.75M

Volume · Oct 27 11.41K Avg daily vol (16 sessions) 4228

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 BDCIW: 13F, 13D and 13G, insiders and funds →

Some SEC filings for this period have not finished importing. Holder totals and changes may be incomplete; these filings remain queued for recovery.

Quarter:

Holders: 39

Total Value: $1,993,063

Total Shares: 5,668,333

Institutional Ownership Trend

3 quarters

Holder Concentration

Across 39 13F filers · Δ vs Mar 31, 2026

Top Holder

10.9%

−3.0 pts

Top 5

41.9%

+1.3 pts

Top 10

65.7%

+2.6 pts

HHI

559

Broadly held−3

Who Holds BDCIW

Last 3 quarters through Jun 30, 2026

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: 38 filers, like-for-like change +18.1%; actively managed books +18.1%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	55.5%	24	+12.4%	2	0
Exempt adviser	7.8%	2	0.0%	0	0
Adviser	11.7%	2	+499.3%	1	0
Bank	11.1%	1	-5.2%	0	0
Insurer	0.0%	0	-100.0%	0	1
Non-US	6.9%	4	0.0%	0	0
Unknown	7.1%	5	+11.6%	1	0

Style	Share	Filers	Change	New	Exited
Systematic-like	4.5%	3	+2.0%	0	0
Concentrated	8.7%	4	+6.1%	0	0
Diversified active	86.8%	31	+20.4%	4	1

Turnover	Share	Filers	Change	New	Exited
Low turnover	0.2%	1	new	1	0
Medium turnover	52.0%	19	-1.7%	1	1
High turnover	44.2%	16	+56.7%	2	0
Unknown	3.5%	2	-0.1%	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	57.5%	17	+38.8%	2	0
Medium horizon	10.4%	4	+2.3%	1	0
Long horizon	19.6%	5	-1.7%	1	0
Unknown	12.5%	12	-5.0%	0	1

13F book size	Share	Filers	Change	New	Exited
Under $1B	27.6%	13	+30.2%	2	0
$1B to $10B	39.5%	13	+30.6%	1	1
$10B to $100B	31.8%	11	-1.1%	1	0
$100B or more	1.1%	1	0.0%	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	0.3%	1	new	1	0
Pooled investment vehicles	52.5%	20	+12.6%	1	0
Registered funds and BDCs	1.2%	2	-0.5%	0	0
Other investment advisers	1.5%	1	0.0%	0	0
Diversified	0.0%	0	—	0	0
Unknown	44.5%	14	+26.0%	2	1

Private funds	Share	Filers	Change	New	Exited
Hedge funds	56.1%	22	+11.7%	1	0
Private equity funds	1.5%	1	0.0%	0	0
Real estate funds	0.3%	1	new	1	0
Private funds, type not stated	5.0%	1	0.0%	0	0
No private funds	0.3%	1	-1.8%	0	0
Unknown	36.8%	12	+33.4%	2	1

Location	Share	Filers	Change	New	Exited
United States	70.6%	29	+27.8%	4	1
Outside the US	29.4%	9	-0.1%	0	0

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

38 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

2.63% of filers hold it in their top 10

Mar 31, 2026: 1

Holders above 5%

median weight 0.001%

Mar 31, 2026: 0

Crowding

—

shares outstanding is an issuer-wide count, not one listing's

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

shares outstanding is an issuer-wide count, not one listing's

Top 10 holders

62.2%

of 13F shares, Herfindahl 0.052

Active holders

+18.1%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

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).

Shared Holders

Companies BDCIW's active holders also own, quarter ended Jun 30, 2026

#	Company	Shared holders	Similarity
1	MEVO M Evo Global Acquisition Corp II	15	0.707
2	EVOX Evolution Global Acquisition Corp	14	0.688
3	KEYY Keystone Acquisition Corp.	14	0.674
4	DNMX Dynamix Corp III	11	0.648
5	MBVI M3-Brigade Acquisition VI Corp.	14	0.647
6	APXT Apex Treasury Corp	13	0.613
7	DYOR Insight Digital Partners II	8	0.596
8	TRGS TRG Latin America Acquisitions Corp.	8	0.596
9	ARTC Art Technology Acquisition Corp.	11	0.595
10	TACH Titan Acquisition Corp.	13	0.590

Shareholder Targets

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

Found through its holder-overlap peers: MEVO, EVOX, KEYY, DNMX, MBVI, APXT, DYOR, TRGS, ARTC, TACH, HCAC, SDHI, WENN, CRAQ, LWAC, HVMC, ARCI, JENA, PTOR, GSRF. 71 filers in all.

#	Filer	In peers	Of book	Largest peers
1	COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS Unknown, Diversified active	$56,686,925 16 held	0.280%	SDHI, TACH, JENA
2	Crossingbridge Advisors, LLC Adviser, Diversified active	$50,830,175 8 held	9.60%	WENN, TACH, APXT
3	MMCAP International Inc. SPC Unknown, Diversified active	$40,929,830 8 held	3.54%	WENN, MBVI, MEVO
4	Parallax Volatility Advisers, L.P. Registered adviser, Diversified active	$25,844,881 16 held	1.16%	WENN, DNMX, DYOR
5	Ghisallo Capital Management LLC Registered adviser, Diversified active	$24,825,000 9 held	0.590%	TACH, LWAC, ARCI
6	RLH Capital LLC Unknown, Diversified active	$22,333,069 10 held	10.9%	GSRF, TACH, PTOR
7	STEADFAST CAPITAL MANAGEMENT LP Registered adviser, Diversified active	$20,200,000 1 held	0.620%	PTOR
8	BlueCrest Capital Management Ltd Unknown, Concentrated	$19,870,060 7 held	0.940%	MEVO, MBVI, ARCI
9	Sculptor Capital LP Registered adviser, Diversified active	$18,435,433 5 held	0.290%	TRGS, HVMC, SDHI
10	HighTower Advisors, LLC Registered adviser, Diversified active	$17,694,207 3 held	0.020%	MBVI, APXT, JENA

Quarterly Activity

vs Mar 31, 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: +3

Institutional value: -11.5%

Shares held: +17.7%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Small Decagon Asset Management LLP	+27,990	79,481
Mid Shaolin Capital Management LLC	+16,608	419,597
Mid AQR Arbitrage LLC	+5,333	227,880
Mid Polar Asset Management Partners Inc.	+4,000	135,250
Mid BOOTHBAY FUND MANAGEMENT, LLC	+874	14,619

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Large TORONTO DOMINION BANK	−33,975	618,041
Mega MILLENNIUM MANAGEMENT LLC	−1,871	93,620
Small Bulldog Investors, LLP	−305	16,460
Large Clear Street Group Inc.	−120	87,589

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Mid METEORA CAPITAL, LLC	542,639	$191,172
Small Harraden Circle Investments, LLC	299,999	$105,690
Large Arax Advisory Partners	14,587	$5,139
Small SkyView Investment Advisors, LLC	13,325	$0

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)	Open
Mid BERKLEY W R CORP	37,204	$17,858

Filter: New 4 Increased 5 Reduced 4 Sold out 1 Unchanged 26

Holder type: Registered adviser 25 Exempt adviser 2 Adviser 2 Bank 1 Non-US 4 Unknown 5

Showing 39 of 39

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

TORONTO DOMINION BANK BDCIW

$217,550

10.92%

618,041

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TD SECURITIES (USA) LLC	618,041	$217,550	100.0%	Defined

METEORA CAPITAL, LLC BDCIW

$191,172

9.59%

542,639

Shaolin Capital Management LLC BDCIW

$147,824

7.42%

419,597

BOOTHBAY FUND MANAGEMENT, LLC BDCIW

$147,213

7.39%

14,619

Linden Advisors LP BDCIW

$130,781

6.56%

281,250

Harraden Circle Investments, LLC BDCIW

$105,690

5.30%

299,999

TENOR CAPITAL MANAGEMENT Co., L.P. BDCIW

$99,084

4.97%

281,250

LMR Partners LLP BDCIW

$99,084

4.97%

281,250

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
LMR PARTNERS (DIFC) Ltd	281,250	$99,084	100.0%	Sole

Magnetar Financial LLC BDCIW

$87,188

4.37%

187,500

HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND BDCIW

$84,375

4.23%

187,500

AQR Arbitrage LLC BDCIW

$80,282

4.03%

227,880

Periscope Capital Inc. BDCIW

$68,209

3.42%

151,576

Saba Capital Management, L.P. BDCIW

$61,031

3.06%

131,249

CSS LLC/IL BDCIW

$58,787

2.95%

166,866

Polar Asset Management Partners Inc. BDCIW

$47,649

2.39%

135,250

ARISTEIA CAPITAL, L.L.C. BDCIW

$46,499

2.33%

99,998

Alberta Investment Management Corp BDCIW

$46,239

2.32%

131,250

Lineage Point Capital LP BDCIW

$38,290

1.92%

108,685

MOORE CAPITAL MANAGEMENT, LP BDCIW

$35,230

1.77%

100,000

MILLENNIUM MANAGEMENT LLC BDCIW

$32,982

1.65%

93,620

Clear Street Group Inc. BDCIW

$30,858

1.55%

87,589

Decagon Asset Management LLP BDCIW

$28,001

1.40%

79,481

RIVERNORTH CAPITAL MANAGEMENT, LLC BDCIW

$20,974

1.05%

49,939

BNP PARIBAS ARBITRAGE, SA BDCIW

$20,827

1.04%

59,118

Radcliffe Capital Management, L.P. BDCIW

$17,728

0.89%

38,124

Hudson Bay Capital Management LP BDCIW

$12,909

0.65%

36,642

DLD Asset Management, LP BDCIW

$8,808

0.44%

25,000

WHITEBOX ADVISORS LLC BDCIW

$8,808

0.44%

25,000

Bulldog Investors, LLP BDCIW

$5,799

0.29%

16,460

Arax Advisory Partners BDCIW

$5,139

0.26%

14,587

Schonfeld Strategic Advisors LLC BDCIW

$4,403

0.22%

12,500

PICTON MAHONEY ASSET MANAGEMENT BDCIW

$1,762

0.09%

5,000

WOLVERINE ASSET MANAGEMENT LLC BDCIW

$1,762

0.09%

5,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Wolverine Holdings, LLC	5,000	$1,762	100.0%	Defined

GLAZER CAPITAL, LLC BDCIW

$108

0.01%

306,113

Mint Tower Capital Management B.V. BDCIW

$18

0.00%

50,000

Verition Fund Management LLC BDCIW

—

212,196

SkyView Investment Advisors, LLC BDCIW

—

13,325

Wealthspring Capital LLC BDCIW

—

84,740

Context Capital Management, LLC BDCIW

—

87,500

Key facts CIK 2042292 CUSIP G0701G109