BFC · Bank First Corp · Shareholders & Ownership

$148.73 -0.01 (-0.01%) At close · Oct 27

Russell 2000 member Rebalance outlook locked

Market Cap

$1.65B

11.09M

Volume · Oct 27 119.66K Avg daily vol (3M) 71.28K

Every disclosed holder of BFC 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.

How the holder list picks a filing →

Who Owns BFC

13F quarter Sep 30, 2026, combined view: filers that have not filed yet carry their Jun 30, 2026 positions

Holder group	Holders	Shares	% Out	Summed
Institutional (13F)	170	4,247,433	38.31%	Yes
Insiders (Forms 3, 4, 5)	20	572,909	5.17%	Yes
13D/G-only blocks	0	0	0.00%	Yes
Remaining	—	6,265,265	56.52%	Rest
Registered funds (N-PORT, not summed)	165	1,965,102	17.73%	No

Shares outstanding: 11,085,607, 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 BFC

One row per holder Every filing By ultimate parent

All 13F Funds Insiders 13D/G Non-US

#	Holder	Shares	% Out	Change	As of	Notes
1	BlackRock, Inc. 13F CIK 2012383 · Holding company · Jun 30, 2026 carried, not yet filed for the newest quarter	821,389	7.41%	+59,190	Jun 30, 2026	carried, not yet filed for the newest quarter
1.1	iShares Russell 2000 ETF Fund S000004344 · Registered fund · Jun 30, 2026 iShares Trust, not summed	270,409	2.44%	+24,245	Jun 30, 2026	iShares Trust, not summed
1.2	iShares Russell 2000 Value ETF Fund S000004342 · Registered fund · Jun 30, 2026 iShares Trust, not summed	82,794	0.75%	+9,539	Jun 30, 2026	iShares Trust, not summed
1.3	iShares Micro-Cap ETF Fund S000004439 · Registered fund · Jun 30, 2026 iShares Trust, not summed	35,003	0.32%	+9,001	Jun 30, 2026	iShares Trust, not summed
1.4	Master Small Cap Index Series Fund S000002716 · Registered fund · Jun 30, 2026 Quantitative Master Series LLC, not summed	19,374	0.17%	+4,460	Jun 30, 2026	Quantitative Master Series LLC, not summed
1.5	iShares Russell 2000 Growth ETF Fund S000004343 · Registered fund · Jun 30, 2026 iShares Trust, not summed	16,407	0.15%	+3,243	Jun 30, 2026	iShares Trust, not summed
2	VANGUARD CAPITAL MANAGEMENT LLC 13F CIK 2100119 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	465,415	4.20%	-5,563	Jun 30, 2026	carried, not yet filed for the newest quarter
3	STATE STREET CORP 13F CIK 93751 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	437,337	3.95%	+88,850	Jun 30, 2026	carried, not yet filed for the newest quarter
3.1	State Street(R) SPDR(R) S&P(R) Regional Banking ETF Fund S000012325 · Registered fund · Jun 30, 2026 SPDR SERIES TRUST, not summed	143,044	1.29%	+56,414	Jun 30, 2026	SPDR SERIES TRUST, not summed
3.2	State Street(R) SPDR(R) US Small Cap Low Volatility Index ETF Fund S000039795 · Registered fund · Jun 30, 2026 SPDR SERIES TRUST, not summed	7,277	0.07%	-4,411	Jun 30, 2026	SPDR SERIES TRUST, not summed
3.3	STATE STREET SMALL/MID CAP EQUITY INDEX PORTFOLIO Fund S000050332 · Registered fund · Jun 30, 2026 STATE STREET INSTITUTIONAL INVESTMENT TRUST, not summed	3,600	0.03%	+100	Jun 30, 2026	STATE STREET INSTITUTIONAL INVESTMENT TRUST, not summed
3.4	State Street Total Return V.I.S. Fund Fund S000001637 · Registered fund · Jun 30, 2026 STATE STREET VARIABLE INSURANCE SERIES FUNDS INC, not summed	262	0.00%	+17	Jun 30, 2026	STATE STREET VARIABLE INSURANCE SERIES FUNDS INC, not summed
3.5	State Street Balanced Index Fund Fund S000082802 · Registered fund · Jun 30, 2026 STATE STREET INSTITUTIONAL INVESTMENT TRUST, not summed	62	0.00%	0	Jun 30, 2026	STATE STREET INSTITUTIONAL INVESTMENT TRUST, not summed
4	VANGUARD TOTAL STOCK MARKET INDEX FUND Fund S000002848 · Registered fund · Jun 30, 2026 VANGUARD INDEX FUNDS, not summed	337,491	3.04%	-8,150	Jun 30, 2026	VANGUARD INDEX FUNDS, not summed
5	GEODE CAPITAL MANAGEMENT, LLC 13F CIK 1214717 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	296,453	2.67%	+14,346	Jun 30, 2026	carried, not yet filed for the newest quarter
6	Eldred Steven M Insider CIK 2108269 · Jun 30, 2026 Director, issuer-wide	214,474	1.93%	—	Jun 30, 2026	Director, issuer-wide
7	DIMENSIONAL FUND ADVISORS LP 13F CIK 354204 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	187,678	1.69%	+28,000	Jun 30, 2026	carried, not yet filed for the newest quarter
7.1	U.S. SMALL CAP PORTFOLIO Fund S000000971 · Registered fund · Jul 31, 2026 DFA INVESTMENT DIMENSIONS GROUP INC, not summed	37,190	0.34%	+3,853	Jul 31, 2026	DFA INVESTMENT DIMENSIONS GROUP INC, not summed
7.2	Dimensional U.S. Small Cap ETF Fund S000070906 · Registered fund · Jul 31, 2026 Dimensional ETF Trust, not summed	36,735	0.33%	+207	Jul 31, 2026	Dimensional ETF Trust, not summed
7.3	U.S. MICRO CAP PORTFOLIO Fund S000000948 · Registered fund · Jul 31, 2026 DFA INVESTMENT DIMENSIONS GROUP INC, not summed	25,931	0.23%	+7,613	Jul 31, 2026	DFA INVESTMENT DIMENSIONS GROUP INC, not summed
7.4	Dimensional U.S. Core Equity 2 ETF Fund S000070903 · Registered fund · Jul 31, 2026 Dimensional ETF Trust, not summed	20,370	0.18%	+4,743	Jul 31, 2026	Dimensional ETF Trust, not summed
7.5	Dimensional U.S. Targeted Value ETF Fund S000070901 · Registered fund · Jul 31, 2026 Dimensional ETF Trust, not summed	8,981	0.08%	+1,376	Jul 31, 2026	Dimensional ETF Trust, not summed
8	Merit Financial Group, LLC 13F CIK 1621225 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	174,046	1.57%	-2,681	Jun 30, 2026	carried, not yet filed for the newest quarter
9	VANGUARD PORTFOLIO MANAGEMENT LLC 13F CIK 2100121 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	146,537	1.32%	+10,607	Jun 30, 2026	carried, not yet filed for the newest quarter
10	VANGUARD EXTENDED MARKET INDEX FUND Fund S000002841 · Registered fund · Jun 30, 2026 VANGUARD INDEX FUNDS, not summed	116,773	1.05%	+2,701	Jun 30, 2026	VANGUARD INDEX FUNDS, not summed
11	NORTHERN TRUST CORP 13F CIK 73124 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	104,085	0.94%	+5,680	Jun 30, 2026	carried, not yet filed for the newest quarter
11.1	Small Cap Value Fund Fund S000001246 · Registered fund · Jun 30, 2026 Northern Funds, not summed	5,447	0.05%	0	Jun 30, 2026	Northern Funds, not summed
11.2	Small Cap Index Fund Fund S000001245 · Registered fund · Jun 30, 2026 Northern Funds, not summed	5,302	0.05%	+612	Jun 30, 2026	Northern Funds, not summed
11.3	Small Cap Core Fund Fund S000001244 · Registered fund · Jun 30, 2026 Northern Funds, not summed	1,975	0.02%	-56	Jun 30, 2026	Northern Funds, not summed
12	BANK OF MONTREAL /CAN/ 13F CIK 927971 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	103,836	0.94%	0	Jun 30, 2026	carried, not yet filed for the newest quarter
13	Molepske Michael B. Insider CIK 1754379 · Mar 6, 2026 Director, Chairman and CEO, issuer-wide	103,652	0.94%	+2,193	Mar 6, 2026	Director, Chairman and CEO, issuer-wide
14	CHARLES SCHWAB INVESTMENT MANAGEMENT INC 13F CIK 884546 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	85,178	0.77%	+1,211	Jun 30, 2026	carried, not yet filed for the newest quarter
14.1	Schwab U.S. Small-Cap ETF Fund S000026636 · Registered fund · Aug 31, 2026 SCHWAB STRATEGIC TRUST, not summed	48,695	0.44%	-578	Aug 31, 2026	SCHWAB STRATEGIC TRUST, not summed
14.2	Schwab Small-Cap Index Fund Fund S000005912 · Registered fund · Jul 31, 2026 SCHWAB CAPITAL TRUST, not summed	25,128	0.23%	+2,518	Jul 31, 2026	SCHWAB CAPITAL TRUST, not summed
14.3	Schwab U.S. Broad Market ETF Fund S000026631 · Registered fund · Aug 31, 2026 SCHWAB STRATEGIC TRUST, not summed	6,157	0.06%	0	Aug 31, 2026	SCHWAB STRATEGIC TRUST, not summed
14.4	Schwab Total Stock Market Index Fund Fund S000005913 · Registered fund · Jul 31, 2026 SCHWAB CAPITAL TRUST, not summed	5,865	0.05%	0	Jul 31, 2026	SCHWAB CAPITAL TRUST, not summed
15	PRAIRIE ADVISORY, LLC 13F CIK 2144052 · Registered investment adviser · Sep 30, 2026	74,440	0.67%	+37,300	Sep 30, 2026
16	FIRST TRUST ADVISORS LP 13F CIK 1125816 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	70,605	0.64%	-2,431	Jun 30, 2026	carried, not yet filed for the newest quarter
16.1	First Trust Small Cap Growth AlphaDEX Fund Fund S000031806 · Registered fund · Jul 31, 2026 First Trust Exchange-Traded AlphaDEX Fund, not summed	23,661	0.21%	-1,787	Jul 31, 2026	First Trust Exchange-Traded AlphaDEX Fund, not summed
16.2	First Trust/Dow Jones Dividend & Income Allocation Portfolio Fund S000036417 · Registered fund · Jun 30, 2026 First Trust Variable Insurance Trust, not summed	18,056	0.16%	-2,095	Jun 30, 2026	First Trust Variable Insurance Trust, not summed
16.3	First Trust Small Cap Core AlphaDEX Fund Fund S000017339 · Registered fund · Jul 31, 2026 First Trust Exchange-Traded AlphaDEX Fund, not summed	5,880	0.05%	-9,540	Jul 31, 2026	First Trust Exchange-Traded AlphaDEX Fund, not summed
16.4	First Trust NASDAQ ABA Community Bank Index Fund Fund S000026211 · Registered fund · Jun 30, 2026 First Trust Exchange-Traded Fund, not summed	3,935	0.04%	-14	Jun 30, 2026	First Trust Exchange-Traded Fund, not summed
16.5	First Trust Multi Cap Growth AlphaDEX Fund Fund S000017343 · Registered fund · Jul 31, 2026 First Trust Exchange-Traded AlphaDEX Fund, not summed	2,143	0.02%	-230	Jul 31, 2026	First Trust Exchange-Traded AlphaDEX Fund, not summed
17	McFarlane Timothy J. Insider CIK 1964832 · Mar 6, 2026 Director, President, issuer-wide	68,646	0.62%	+2,793	Mar 6, 2026	Director, President, issuer-wide
18	VANGUARD FIDUCIARY TRUST CO 13F CIK 933478 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	68,220	0.62%	+413	Jun 30, 2026	carried, not yet filed for the newest quarter
19	Creative Planning 13F CIK 1540235 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	59,058	0.53%	+378	Jun 30, 2026	carried, not yet filed for the newest quarter
20	VANGUARD DIVIDEND APPRECIATION INDEX FUND Fund S000011322 · Registered fund · Jul 31, 2026 VANGUARD SPECIALIZED FUNDS, not summed	57,458	0.52%	+78	Jul 31, 2026	VANGUARD SPECIALIZED FUNDS, not summed
21	VANGUARD RUSSELL 2000 INDEX FUND Fund S000030003 · Registered fund · May 31, 2026 VANGUARD SCOTTSDALE FUNDS, not summed	53,006	0.48%	+8,083	May 31, 2026	VANGUARD SCOTTSDALE FUNDS, not summed
22	J.W. COLE ADVISORS, INC. 13F CIK 1404763 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	52,307	0.47%	+52,307	Jun 30, 2026	carried, not yet filed for the newest quarter
23	NICOLET BANKSHARES INC 13F CIK 1174850 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	51,534	0.46%	+15	Jun 30, 2026	carried, not yet filed for the newest quarter
24	MARSHALL WACE, LLP 13F CIK 1318757 · Exempt reporting adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	47,893	0.43%	+42,956	Jun 30, 2026	carried, not yet filed for the newest quarter
25	Bank of New York Mellon Corp 13F CIK 1390777 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	45,090	0.41%	+3,273	Jun 30, 2026	carried, not yet filed for the newest quarter
26	STIFEL FINANCIAL CORP 13F CIK 720672 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	42,467	0.38%	0	Jun 30, 2026	carried, not yet filed for the newest quarter
27	MORGAN STANLEY 13F CIK 895421 · Holding company · Jun 30, 2026 carried, not yet filed for the newest quarter	42,259	0.38%	+4,155	Jun 30, 2026	carried, not yet filed for the newest quarter
27.1	E*TRADE No Fee Total Market Index Fund Fund S000090722 · Registered fund · Jul 31, 2026 E Trade Trust, not summed	4	0.00%	0	Jul 31, 2026	E Trade Trust, not summed
28	Legacy Private Trust Co. 13F CIK 1352547 · Unknown · Sep 30, 2026	40,420	0.36%	+36,900	Sep 30, 2026
29	Gregorski Robert D. Insider CIK 1754637 · Mar 6, 2026 Director, issuer-wide	39,010	0.35%	+407	Mar 6, 2026	Director, issuer-wide
30	GOLDMAN SACHS GROUP INC 13F CIK 886982 · Holding company · Jun 30, 2026 carried, not yet filed for the newest quarter	33,883	0.31%	-3,806	Jun 30, 2026	carried, not yet filed for the newest quarter
30.1	Goldman Sachs ActiveBeta(R) U.S. Small Cap Equity ETF Fund S000048296 · Registered fund · Aug 31, 2026 Goldman Sachs ETF Trust, not summed	2,840	0.03%	-753	Aug 31, 2026	Goldman Sachs ETF Trust, not summed
30.2	Goldman Sachs Absolute Return Tracker Fund Fund S000020314 · Registered fund · Aug 31, 2026 GOLDMAN SACHS TRUST, not summed	1,703	0.02%	-798	Aug 31, 2026	GOLDMAN SACHS TRUST, not summed
31	Krepline Jason V Insider CIK 1933555 · Mar 6, 2026 Chief Lending Officer, issuer-wide	32,704	0.30%	+1,677	Mar 6, 2026	Chief Lending Officer, issuer-wide
32	Johnson Stephen E Insider CIK 1842417 · Mar 6, 2026 Director, issuer-wide	30,602	0.28%	+407	Mar 6, 2026	Director, issuer-wide
33	AMERICAN CENTURY COMPANIES INC 13F CIK 748054 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	28,065	0.25%	+939	Jun 30, 2026	carried, not yet filed for the newest quarter
34	Nuveen, LLC 13F CIK 1871926 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	25,682	0.23%	+4,142	Jun 30, 2026	carried, not yet filed for the newest quarter
34.1	Nuveen Small Cap Blend Index Fund Fund S000005367 · Registered fund · Jul 31, 2026 TIAA-CREF Funds, not summed	13,669	0.12%	+1,781	Jul 31, 2026	TIAA-CREF Funds, not summed
34.2	Nuveen Equity Index Fund Fund S000005360 · Registered fund · Jul 31, 2026 TIAA-CREF Funds, not summed	8,122	0.07%	0	Jul 31, 2026	TIAA-CREF Funds, not summed
34.3	TIAA Separate Account VA-1 - Stock Index Account Fund S000005098 · Registered fund · Jun 30, 2026 TIAA Separate Account VA-1, not summed	178	0.00%	0	Jun 30, 2026	TIAA Separate Account VA-1, not summed
34.4	Nuveen Life Stock Index Fund Fund S000005094 · Registered fund · Jun 30, 2026 TIAA-CREF Life Funds, not summed	117	0.00%	0	Jun 30, 2026	TIAA-CREF Life Funds, not summed
35	BESSEMER GROUP INC 13F CIK 1054074 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	23,764	0.21%	0	Jun 30, 2026	carried, not yet filed for the newest quarter
36	Avantis U.S. Small Cap Equity ETF Fund S000074835 · Registered fund · May 31, 2026 American Century ETF Trust, not summed	23,230	0.21%	+495	May 31, 2026	American Century ETF Trust, not summed
37	LeMahieu Kevin M. Insider CIK 1754636 · Apr 9, 2026 Chief Financial Officer, issuer-wide	22,021	0.20%	-1,785	Apr 9, 2026	Chief Financial Officer, issuer-wide
38	Quantinno Capital Management LP 13F CIK 1759654 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	21,703	0.20%	+6,252	Jun 30, 2026	carried, not yet filed for the newest quarter
39	RENAISSANCE TECHNOLOGIES LLC 13F CIK 1037389 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	20,100	0.18%	-13,700	Jun 30, 2026	carried, not yet filed for the newest quarter
40	BNP PARIBAS ARBITRAGE, SA 13F CIK 1166588 · Non-US institution · Jun 30, 2026 carried, not yet filed for the newest quarter	19,837	0.18%	+5,533	Jun 30, 2026	carried, not yet filed for the newest quarter
41	Swiss National Bank 13F CIK 1582202 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	19,717	0.18%	+1,300	Jun 30, 2026	carried, not yet filed for the newest quarter
42	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 13F CIK 861177 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	19,240	0.17%	+193	Jun 30, 2026	carried, not yet filed for the newest quarter
43	AQR CAPITAL MANAGEMENT LLC 13F CIK 1167557 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	18,179	0.16%	+5,681	Jun 30, 2026	carried, not yet filed for the newest quarter
44	HARBOUR INVESTMENTS, INC. 13F CIK 810121 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	17,049	0.15%	+17,049	Jun 30, 2026	carried, not yet filed for the newest quarter
45	Invesco Ltd. 13F CIK 914208 · Investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	16,653	0.15%	+1,852	Jun 30, 2026	carried, not yet filed for the newest quarter
45.1	Invesco RAFI US 1500 Small-Mid ETF Fund S000013120 · Registered fund · Jul 31, 2026 Invesco Exchange-Traded Fund Trust, not summed	9,455	0.09%	+700	Jul 31, 2026	Invesco Exchange-Traded Fund Trust, not summed
45.2	Invesco Russell 2000 Dynamic Multifactor ETF Fund S000064608 · Registered fund · May 31, 2026 Invesco Exchange-Traded Self-Indexed Fund Trust, not summed	2,232	0.02%	+770	May 31, 2026	Invesco Exchange-Traded Self-Indexed Fund Trust, not summed
45.3	Invesco Dividend AchieversTM ETF Fund S000003037 · Registered fund · Jul 31, 2026 Invesco Exchange-Traded Fund Trust, not summed	318	0.00%	+5	Jul 31, 2026	Invesco Exchange-Traded Fund Trust, not summed
46	N.E.W. Advisory Services LLC 13F CIK 1803456 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	16,497	0.15%	+10,396	Jun 30, 2026	carried, not yet filed for the newest quarter
47	DARK FOREST CAPITAL MANAGEMENT LP 13F CIK 1853322 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	15,429	0.14%	+3,292	Jun 30, 2026	carried, not yet filed for the newest quarter
48	VANGUARD FINANCIALS INDEX FUND Fund S000004449 · Registered fund · May 31, 2026 VANGUARD WORLD FUND, not summed	15,141	0.14%	-482	May 31, 2026	VANGUARD WORLD FUND, not summed
49	OSAIC HOLDINGS, INC. 13F CIK 1677044 · Holding company · Jun 30, 2026 carried, not yet filed for the newest quarter	15,049	0.14%	+792	Jun 30, 2026	carried, not yet filed for the newest quarter
50	PRINCIPAL FINANCIAL GROUP INC 13F CIK 1126328 · Insurance company · Jun 30, 2026 carried, not yet filed for the newest quarter	14,671	0.13%	+1,015	Jun 30, 2026	carried, not yet filed for the newest quarter
50.1	Principal U.S. Small-Cap ETF Fund S000055159 · Registered fund · Jun 30, 2026 Principal Exchange-Traded Funds, not summed	14,207	0.13%	+1,062	Jun 30, 2026	Principal Exchange-Traded Funds, not summed
50.2	SmallCap Value Fund II Fund S000007169 · Registered fund · Jul 31, 2026 Principal Funds, Inc, not summed	555	0.01%	+279	Jul 31, 2026	Principal Funds, Inc, not summed
50.3	SmallCap Growth Fund I Fund S000007175 · Registered fund · Jul 31, 2026 Principal Funds, Inc, not summed	148	0.00%	+36	Jul 31, 2026	Principal Funds, Inc, not summed

23 more nested rows are not shown here; Every filing lists them all.

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.

Showing 1–50 of 259 holders

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Key facts CIK 1746109 CUSIP 06211J100 13F (30d) 30 filings 30 filers Visit website Investor relations