BNC · BNB Standard Corp · Holdings

$5.65 +0.55 (+10.83%)

Market Cap

$235.20M

41.26M

Volume · Oct 21 960.17K Avg daily vol (3M) 2.05M

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 BNC: 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: 40

Total Value: $22,738,037

Total Shares: 11,243,858

Institutional Ownership Trend

19 quarters

Holder Concentration

Across 40 13F filers

Top Holder

22.7%

of institutional value

Top 5

70.6%

of institutional value

Top 10

90.5%

of institutional value

HHI

1,273

Broadly held

Who Holds BNC

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: 40 filers, like-for-like change +1.7%; actively managed books +1.4%; index-like books +2.3%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	56.8%	18	+2.2%	3	6
Exempt adviser	14.1%	2	-6.8%	0	0
Bank	6.3%	4	+18.2%	0	0
Non-US	0.0%	1	+7500.0%	0	0
Holding company	7.4%	3	+19.2%	0	1
Benefit plan	0.0%	0	-100.0%	0	1
Broker-dealer	0.0%	0	—	0	0
Unknown	15.3%	12	-2.4%	3	4

Style	Share	Filers	Change	New	Exited
Index-like	33.4%	7	+2.3%	0	0
Systematic-like	17.4%	5	-29.0%	0	3
Concentrated	16.4%	9	+16.3%	2	2
Diversified active	32.8%	19	+21.2%	4	7
Unknown	0.0%	0	—	0	0
Not measured	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	15.0%	12	+2.2%	0	7
Medium turnover	20.1%	4	+50.0%	1	1
High turnover	29.9%	15	-20.2%	3	4
Unknown	35.0%	9	+6.8%	2	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	37.5%	14	+6.6%	4	1
Medium horizon	30.8%	7	+17.1%	1	1
Long horizon	18.1%	16	-13.4%	1	7
Unknown	13.7%	3	-14.5%	0	3
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	15.8%	10	+11.5%	3	2
$1B to $10B	37.5%	12	+18.4%	2	2
$10B to $100B	3.0%	4	-61.4%	0	4
$100B or more	43.8%	14	-2.4%	1	4
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	0.5%	3	-23.1%	0	3
Pooled investment vehicles	35.1%	12	+6.4%	3	2
Registered funds and BDCs	21.3%	3	-3.3%	0	1
Unknown	43.2%	22	+1.0%	3	6

Private funds	Share	Filers	Change	New	Exited
Hedge funds	48.9%	12	+1.8%	2	2
Other private funds	0.1%	1	0.0%	0	0
Private funds, type not stated	0.2%	1	new	1	0
No private funds	21.7%	6	-3.8%	0	2
Real estate funds	0.0%	0	-100.0%	0	2
Venture capital funds	0.0%	0	—	0	0
Unknown	29.1%	20	+5.3%	3	6

Location	Share	Filers	Change	New	Exited
United States	75.4%	33	+3.0%	5	10
Outside the US	24.6%	7	-2.0%	1	2

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

33 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: 1

Holders above 5%

median weight 0.000%

Mar 31, 2026: 0

Crowding

10.0%

of shares outstanding, 30th percentile

Mar 31, 2026: 10.9%

Private-fund advisers

9.52%

of shares outstanding

Institutional ownership

20.3%

21.2% of the estimated free float

Top 10 holders

90.5%

of 13F shares, Herfindahl 0.127

Active holders

-10.5%

like-for-like share change of active filers

5% stakes on record

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

How long holders have held it value-weighted 3.1 quarters

Under 1 year 51.7% 1 to 3 years 48.3% 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

$8.01

estimated per share

Mar 31, 2026: $8.98

Quarter-end price

$2.72

implied by 13F values

Estimated gain or loss

-66.1%

price against the estimated cost

Estimated at a loss

100.0%

of costed 13F value

Estimated cost covers 69.8% 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 BNC's active holders also own, quarter ended Dec 31, 2025

#	Company	Shared holders	Similarity
1	ORCL Oracle Corp	3	0.030
2	TSLA Tesla, Inc.	3	0.028
3	NVDA Nvidia Corp	3	0.023

Shareholder Targets

13F filers that own its peers but not BNC, quarter ended Dec 31, 2025

Found through its holder-overlap peers: ORCL, TSLA, NVDA. 6,156 filers in all.

#	Filer	In peers	Of book	Largest peers
1	FMR LLC Holding company, Diversified active	$204,565,715,396 3 held	10.7%	NVDA, TSLA, ORCL
2	JPMORGAN CHASE & CO Bank, Diversified active	$113,158,927,377 3 held	8.10%	NVDA, TSLA, ORCL
3	NORGES BANK Non-US, Index-like	$83,708,263,594 3 held	8.97%	NVDA, TSLA, ORCL
4	Invesco Ltd. Adviser, Diversified active	$54,485,032,691 3 held	6.78%	NVDA, TSLA, ORCL
5	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Registered adviser, Index-like	$48,247,570,608 3 held	10.2%	NVDA, TSLA, ORCL
6	GOLDMAN SACHS GROUP INC Holding company, Index-like	$46,359,493,668 3 held	7.25%	NVDA, TSLA, ORCL
7	Capital World Investors Adviser, Diversified active	$43,814,426,482 3 held	5.99%	NVDA, TSLA, ORCL
8	Legal & General Group Plc Unknown, Index-like	$43,250,566,283 3 held	9.61%	NVDA, TSLA, ORCL
9	Capital Research Global Investors Adviser, Diversified active	$41,561,166,503 3 held	7.67%	NVDA, ORCL, TSLA
10	Bank of New York Mellon Corp Bank, Index-like	$38,712,912,157 3 held	7.26%	NVDA, TSLA, ORCL

Fund Ownership of BNC by Fund Type

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

Index funds and index ETFs hold 6.05% of shares outstanding.

Fund type	Of shares outstanding	Change	Shares	Funds
Index funds	1.24%	+0.02 pp	513,521	9
Index ETFs	4.81%	+0.31 pp	1,983,492	3
Active ETFs	0.00%	0.00 pp	0	0
Active funds	0.94%	+0.08 pp	387,161	3
Unclassified	0.00%	0.00 pp	0	0
All registered funds	6.99%	+0.41 pp	2,884,174	15

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 2 Bank 4 Non-US 1 Holding company 3 Unknown 12

Showing 48 of 48

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

VANGUARD CAPITAL MANAGEMENT LLC

$5,167,137

22.72%

1,899,683

Brevan Howard Capital Management LP

$4,132,272

18.17%

1,519,218

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

Manager	Shares	Value (USD)	% of position	Discretion
Brevan Howard Investment Management Ltd	147,935	$402,383	9.7%	Defined
Brevan Howard US Investment Management, LP	1,371,283	$3,729,889	90.3%	Defined

Saba Capital Management, L.P.

$3,333,686

14.66%

1,225,620

BlackRock, Inc.

$2,126,906

9.35%

781,951

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

Manager	Shares	Value (USD)	% of position	Discretion
BlackRock Investment Management, LLC	8,613	$23,427	1.1%	Sole
BlackRock Fund Advisors	129,628	$352,588	16.6%	Sole
BlackRock Institutional Trust Company, N.A.	643,710	$1,750,891	82.3%	Sole

GEODE CAPITAL MANAGEMENT, LLC

$1,297,021

5.70%

476,846

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	97,564	$265,374	20.5%	Defined
Held directly	379,282	$1,031,647	79.5%	Defined

BTG Pactual Asset Management US LLC

$1,077,228

4.74%

396,040

UBS Group AG

$1,048,874

4.61%

385,616

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	1	$2	0.0%	Defined
UBS AG	93,701	$254,866	24.3%	Defined
UBS Switzerland AG	291,914	$794,006	75.7%	Defined

Arrington Capital Management, LLC

$871,882

3.83%

320,545

MILLENNIUM MANAGEMENT LLC

$806,689

3.55%

296,577

VANGUARD FIDUCIARY TRUST CO

$706,190

3.11%

259,629

STATE STREET CORP

$528,661

2.33%

194,361

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	194,361	$528,661	100.0%	Defined

NORTHERN TRUST CORP

$258,340

1.14%

94,978

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	94,978	$258,340	100.0%	Defined

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$214,654

0.94%

78,917

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

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	63,085	$171,591	79.9%	Other
G1 EXECUTION SERVICES, LLC	15,832	$43,063	20.1%	Other

MARSHALL WACE, LLP

$190,347

0.84%

69,981

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

Manager	Shares	Value (USD)	% of position	Discretion
Marshall Wace North America L.P. joint	69,981	$190,347	100.0%	Other

JANE STREET GROUP, LLC

$184,758

0.81%

67,926

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

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	67,926	$184,758	100.0%	Defined

MORGAN STANLEY

$141,140

0.62%

51,890

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

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY CAPITAL SERVICES, LLC	49,609	$134,936	95.6%	Defined
Morgan Stanley Bank, N.A.	2,281	$6,204	4.4%	Defined

CITADEL ADVISORS LLC

$131,590

0.58%

48,379

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

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	48,379	$131,590	100.0%	Defined

Virtu Financial LLC

$76,070

0.33%

27,967

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

Manager	Shares	Value (USD)	% of position	Discretion
Virtu Americas LLC	27,967	$76,070	100.0%	Defined

Step Capital Management Pte. Ltd.

$68,000

0.30%

25,000

nVerses Capital, LLC

$56,665

0.25%

20,833

Modera Wealth Management, LLC

$54,400

0.24%

20,000

Vanguard Global Advisers, LLC

$47,009

0.21%

17,283

PRICE T ROWE ASSOCIATES INC /MD/

$43,248

0.19%

15,900

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

Manager	Shares	Value (USD)	% of position	Discretion
T. Rowe Price International Ltd	15,900	$43,248	100.0%	Defined

Weiss Asset Management LP

$39,804

0.18%

14,634

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

Manager	Shares	Value (USD)	% of position	Discretion
WEISS ANDREW M joint	14,634	$39,804	100.0%	Defined

CITIZENS FINANCIAL GROUP INC/RI

$38,471

0.17%

14,144

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

Manager	Shares	Value (USD)	% of position	Discretion
CITIZENS PRIVATE WEALTH, LLC	14,144	$38,471	100.0%	Defined

Shay Capital LLC

$32,982

0.15%

12,126

Merit Financial Group, LLC

$30,153

0.13%

11,086

SIMPLEX TRADING, LLC

$17,402

0.08%

6,398

Tower Research Capital LLC (TRC)

$11,696

0.05%

4,300

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

Manager	Shares	Value (USD)	% of position	Discretion
Latour Trading LLC (Latour)	4,300	$11,696	100.0%	Defined

WOLVERINE ASSET MANAGEMENT LLC

$3,204

0.01%

1,178

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

Manager	Shares	Value (USD)	% of position	Discretion
Wolverine Holdings, LLC	1,178	$3,204	100.0%	Defined

SBI Securities Co., Ltd.

$826

0.00%

304

OSAIC HOLDINGS, INC.

$408

0.00%

150

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

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	150	$408	100.0%	Defined

Well Done, LLC BNCWW

$300

0.00%

20,000

Caitong International Asset Management Co., Ltd

$24

0.00%

Clear Street Group Inc. BNCWZ

—

32,714

JANE STREET GROUP, LLC BNCWZ

—

198,020

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

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Global Trading, LLC	198,020	$0	—	Defined

Empery Asset Management, LP BNCWW

—

500,000

Harraden Circle Investments, LLC BNCWW

—

200,000

Clear Street Group Inc. BNCWW

—

218,512

Warberg Asset Management LLC BNCWW

—

35,000

MMCAP International Inc. SPC BNCWW

—

742,575

Saba Capital Management, L.P. BNCWZ

—

198,020

UBS Group AG BNCWW

—

23,105

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	5,350	$0	—	Defined
UBS Securities LLC	17,755	$0	—	Defined

CITADEL ADVISORS LLC BNCWW

—

16,361

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

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	16,361	$0	—	Defined

WOLVERINE ASSET MANAGEMENT LLC BNCWW

—

44,340

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

Manager	Shares	Value (USD)	% of position	Discretion
Wolverine Holdings, LLC	44,340	$0	—	Defined

SUSQUEHANNA INTERNATIONAL GROUP, LLP BNCWZ

—

12,177

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

Manager	Shares	Value (USD)	% of position	Discretion
G1 EXECUTION SERVICES, LLC	12,177	$0	—	Other

Feynman Point Asset Management LLC BNCWZ

—

198,020

Arrington Capital Management, LLC BNCWW

—

445,545

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