BENF · Beneficient · Holdings

$0.95 -0.03 (-2.73%)

Market Cap

$14.39M

15.46M

Volume · Oct 21 102.55K Avg daily vol (3M) 9.55M

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

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

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.

Quarter:

Holders: 34

Total Value: $3,572,493

Total Shares: 5,970,443

Institutional Ownership Trend

14 quarters

Holder Concentration

Across 33 13F filers

Top Holder

31.9%

of institutional value

Top 5

82.6%

of institutional value

Top 10

99.5%

of institutional value

HHI

1,828

Moderately concentrated

Who Holds BENF

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: 32 filers, like-for-like change +6.3%; actively managed books +6.7%; index-like books +4.4%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	42.7%	16	+11.5%	1	2
Exempt adviser	8.6%	1	0.0%	0	0
Bank	10.0%	6	+24.2%	2	0
Non-US	0.0%	1	0.0%	0	0
Holding company	8.4%	3	+5.6%	0	0
Broker-dealer	0.0%	0	—	0	0
Unknown	30.3%	5	-2.8%	0	2

Style	Share	Filers	Change	New	Exited
Index-like	16.8%	8	+4.4%	0	0
Systematic-like	11.2%	3	-2.9%	0	2
Concentrated	19.0%	3	+35.2%	1	0
Diversified active	53.0%	18	+1.2%	2	2
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	17.5%	10	+4.0%	0	0
Medium turnover	20.2%	10	+9.1%	2	1
High turnover	45.0%	8	+8.5%	1	3
Unknown	17.4%	4	+0.4%	0	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	31.3%	7	+19.1%	1	0
Medium horizon	22.7%	4	+0.3%	0	1
Long horizon	26.3%	16	+2.3%	2	3
Unknown	19.6%	5	+1.3%	0	0
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	9.5%	4	+108.2%	1	1
$1B to $10B	43.0%	11	+0.6%	0	1
$10B to $100B	28.3%	4	0.0%	0	0
$100B or more	19.1%	13	+4.0%	2	2
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	1.3%	3	+2.4%	0	1
Pooled investment vehicles	22.5%	8	+24.3%	1	1
Registered funds and BDCs	18.7%	4	0.0%	0	0
Corporations	0.3%	1	0.0%	0	0
Other	0.0%	0	—	0	0
Unknown	57.3%	16	+2.7%	2	2

Private funds	Share	Filers	Change	New	Exited
Hedge funds	32.2%	8	+15.8%	1	1
Private equity funds	0.9%	1	0.0%	0	0
Other private funds	3.3%	1	0.0%	0	0
Private funds, type not stated	8.6%	1	0.0%	0	0
No private funds	6.3%	6	+0.5%	0	1
Unknown	48.7%	15	+3.2%	2	2

Location	Share	Filers	Change	New	Exited
United States	69.9%	26	+6.5%	2	4
Outside the US	30.1%	6	+5.9%	1	0

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

15 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

0.000% of filers hold it in their top 10

Mar 31, 2026: 0

Holders above 5%

median weight 0.000%

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

99.5%

of 13F shares, Herfindahl 0.183

Active holders

+1011.1%

like-for-like share change of active filers

5% stakes on record

2 13D, 1 13G (0 institutional, 1 passive, 0 exempt)

How long holders have held it value-weighted 4.4 quarters

Under 1 year 67.2% 1 to 3 years 15.2% 3 years or more 17.6% 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

$3.54

estimated per share

Mar 31, 2026: $4.33

Quarter-end price

$3.68

implied by 13F values

Estimated gain or loss

+4.0%

price against the estimated cost

Estimated at a loss

13.9%

of costed 13F value

Estimated cost covers 37.0% 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.

Shareholder Targets

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

BENF has no holder-overlap peers, so these filers hold the largest Financial Services stocks: JPM, V, BRK-B, MA, BAC, MS, GS, AXP, WFC, C, SCHW, RY, CB, BLK, PGR, COF, SPGI, TD, BNY, PNC. 6,552 filers in all.

#	Filer	In peers	Of book	Largest peers
1	FMR LLC Holding company, Diversified active	$118,595,204,944 20 held	5.26%	BRK-B, V, WFC
2	VANGUARD PORTFOLIO MANAGEMENT LLC Registered adviser, Diversified active	$115,648,086,418 19 held	5.20%	JPM, BRK-B, V
3	Berkshire Hathaway Inc Insurer, Concentrated	$91,098,036,862 4 held	30.4%	AXP, BAC, CB
4	JPMORGAN CHASE & CO Bank, Diversified active	$90,379,922,684 20 held	5.49%	MA, WFC, MS
5	NORGES BANK Non-US, Index-like	$78,828,529,437 20 held	7.83%	BRK-B, JPM, MA
6	MITSUBISHI UFJ FINANCIAL GROUP INC Bank, Unknown	$78,825,883,309 1 held	100.0%	MS
7	BANK OF AMERICA CORP /DE/ Bank, Diversified active	$76,619,588,872 20 held	5.90%	JPM, V, GS
8	PRICE T ROWE ASSOCIATES INC /MD/ Registered adviser, Diversified active	$67,550,854,459 19 held	6.82%	V, MA, JPM
9	ROYAL BANK OF CANADA Bank, Diversified active	$60,488,690,407 20 held	10.9%	RY, TD, JPM
10	Capital World Investors Adviser, Diversified active	$41,660,487,063 17 held	4.94%	V, BAC, JPM

Fund Ownership of BENF by Fund Type

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

Index funds and index ETFs hold 1.78% of shares outstanding.

Fund type	Of shares outstanding	Change	Shares	Funds
Index funds	0.79%	+0.01 pp	121,669	4
Index ETFs	0.99%	+0.02 pp	153,646	2
Active ETFs	0.00%	0.00 pp	0	0
Active funds	0.00%	0.00 pp	0	0
Unclassified	0.00%	0.00 pp	0	0
All registered funds	1.78%	+0.03 pp	275,315	6

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 18 Exempt adviser 1 Bank 6 Non-US 1 Holding company 3 Unknown 5

Showing 36 of 36

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Yorkville Advisors Global, LP

$1,032,722

28.91%

280,631

GEODE CAPITAL MANAGEMENT, LLC

$569,107

15.93%

154,649

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

Manager	Shares	Value (USD)	% of position	Discretion
GEODE CAPITAL MANAGEMENT TRUST COMPANY, LLC	33,998	$125,112	22.0%	Defined
Held directly	120,651	$443,995	78.0%	Defined

VANGUARD CAPITAL MANAGEMENT LLC

$564,846

15.81%

153,491

RIA Advisory Group LLC

$333,496

9.34%

245,218

VANGUARD FIDUCIARY TRUST CO

$265,217

7.42%

72,070

STATE STREET CORP

$244,149

6.83%

66,345

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

Manager	Shares	Value (USD)	% of position	Discretion
STATE STREET GLOBAL ADVISORS TRUST COMPANY	66,345	$244,149	100.0%	Defined

BlackRock, Inc.

$182,262

5.10%

49,528

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

Manager	Shares	Value (USD)	% of position	Discretion
BlackRock Fund Advisors	4,205	$15,474	8.5%	Sole
BlackRock Institutional Trust Company, N.A.	45,323	$166,788	91.5%	Sole

MORGAN STANLEY

$166,048

4.65%

45,122

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

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY SMITH BARNEY LLC	45,122	$166,048	100.0%	Defined

NORTHERN TRUST CORP

$115,592

3.24%

31,411

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

Manager	Shares	Value (USD)	% of position	Discretion
NORTHERN TRUST CO joint	31,411	$115,592	100.0%	Defined

Ausdal Financial Partners, Inc.

$50,846

1.42%

13,817

Vanguard Global Advisers, LLC

$32,200

0.90%

8,750

UBS Group AG

$15,717

0.44%

4,271

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

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	75	$276	1.8%	Defined
UBS AG	1,487	$5,472	34.8%	Defined
UBS Securities LLC	2,709	$9,969	63.4%	Defined

BARCLAYS PLC

$220

0.01%

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

Manager	Shares	Value (USD)	% of position	Discretion
BARCLAYS CAPITAL INC.	60	$220	100.0%	Defined

NFSG Corp

$32

0.00%

SBI Securities Co., Ltd.

$25

0.00%

CITIGROUP INC

$14

0.00%

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

Manager	Shares	Value (USD)	% of position	Discretion
Citigroup Financial Products Inc. joint	4	$14	100.0%	Defined

LMR Partners LLP BENFW

—

487,500

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	487,500	$0	—	Sole

WOLVERINE ASSET MANAGEMENT LLC BENFW

—

22,235

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

Manager	Shares	Value (USD)	% of position	Discretion
Wolverine Holdings, LLC	22,235	$0	—	Defined

Empyrean Capital Partners, LP BENFW

—

100,000

Ausdal Financial Partners, Inc. BENFW

—

10,000

Context Capital Management, LLC BENFW

—

210,024

TORONTO DOMINION BANK BENFW

—

365,196

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	365,196	$0	—	Defined

MMCAP International Inc. SPC BENFW

—

750,000

TRANSCEND CAPITAL ADVISORS, LLC BENFW

—

50,000

Calamos Advisors LLC BENFW

—

187,500

UBS Group AG BENFW

—

97,258

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

Manager	Shares	Value (USD)	% of position	Discretion
UBS Securities LLC	97,258	$0	—	Defined

TENOR CAPITAL MANAGEMENT Co., L.P. BENFW

—

300,000

RIVERNORTH CAPITAL MANAGEMENT, LLC BENFW

—

562,494

TWO SIGMA SECURITIES, LLC BENFW

—

124,191

Ancora Advisors LLC BENFW

—

15,273

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

Manager	Shares	Value (USD)	% of position	Discretion
Ancora Alternatives LLC	15,273	$0	—	Sole

Hudson Bay Capital Management LP BENFW

—

300,000

Clear Street Group Inc. BENFW

—

747,899

D. E. Shaw & Co., Inc. BENFW

—

19,500

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

Manager	Shares	Value (USD)	% of position	Discretion
D. E. SHAW & CO, L.P.	19,500	$0	—	Defined

Cruiser Capital Advisors, LLC BENFW

—

48,750

MILLENNIUM MANAGEMENT LLC BENFW

—

67,500

GOLDMAN SACHS GROUP INC BENFW

—

379,725

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

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	379,725	$0	—	Defined

Key facts CIK 1775734 CUSIP 08178Q507 13F (30d) 3 filings 3 filers Visit website Investor relations