Vault-13

AFC GAMMA INC AFCG

COM · Common Stock · CUSIP 00109K105

79 institutional holders -7 vs Q1 2025
5,739,0435.7m shares reported held*
25.4% of all shares outstanding*
$25.8mreported value*
9 new 28 added 23 reduced 16 sold out net sold ≈ $655.4k (-146.1k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($27.1k this quarter). Holder counts are more reliable. Shares outstanding: 22.6m as of 2025-08-13, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $4.49. Options: 3 managers hold calls ($103.5k notional), 3 hold puts ($56.9k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 80Q4 22: 84Q1 23: 83Q2 23: 83Q3 23: 84Q4 23: 87Q1 24: 84Q2 24: 75Q3 24: 86Q4 24: 87Q1 25: 86Q2 25: 7979Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202280
Q4 202284
Q1 202383
Q2 202383
Q3 202384
Q4 202387
Q1 202484
Q2 202475
Q3 202486
Q4 202487
Q1 202586
Q2 202579

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q3 23: 40 bought or addedQ3 23: 33 cut or sold outQ4 23: 50 bought or addedQ4 23: 28 cut or sold outQ4 23Q1 24: 36 bought or addedQ1 24: 40 cut or sold outQ2 24: 33 bought or addedQ2 24: 38 cut or sold outQ2 24Q3 24: 48 bought or addedQ3 24: 23 cut or sold outQ4 24: 49 bought or addedQ4 24: 31 cut or sold outQ4 24Q1 25: 35 bought or addedQ1 25: 45 cut or sold outQ2 25: 37 bought or addedQ2 25: 39 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20234033
Q4 20235028
Q1 20243640
Q2 20243338
Q3 20244823
Q4 20244931
Q1 20253545
Q2 20253739

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100k$200k$300k$400kQ3 24 calls: $251.9kQ3 24 puts: $0Q3 24P/C 0.00Q4 24 calls: $390.7kQ4 24 puts: $185.9kQ4 24P/C 0.48Q1 25 calls: $125.8kQ1 25 puts: $100.3kQ1 25P/C 0.80Q2 25 calls: $103.5kQ2 25 puts: $56.9kQ2 25P/C 0.55
Numbers
QuarterCallsPutsP/C
Q3 2024$251.9k$00.00
Q4 2024$390.7k$185.9k0.48
Q1 2025$125.8k$100.3k0.80
Q2 2025$103.5k$56.9k0.55

Biggest buyers

NORTHERN TRUST CORP Added +173,767+173.8k
MORGAN STANLEY Added +111,237+111.2k
Penserra Capital Management LLC Added +101,665+101.7k
Quantinno Capital Management LP New +51,972+52.0k
GSA CAPITAL PARTNERS LLP Added +51,449+51.4k
AQR CAPITAL MANAGEMENT LLC New +36,351+36.4k
Campbell & CO Investment Adviser LLC New +32,927+32.9k
STATE OF WISCONSIN INVESTMENT BOARD New +25,700+25.7k
Cambria Investment Management, L.P. Added +24,528+24.5k
STATE STREET CORP Added +14,125+14.1k

Biggest sellers

SEGALL BRYANT & HAMILL, LLC Sold out -250,214-250.2k
BlackRock, Inc. Reduced -98,329-98.3k
DEUTSCHE BANK AG\ Reduced -74,611-74.6k
ACADIAN ASSET MANAGEMENT LLC Reduced -60,238-60.2k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -54,198-54.2k
LOS ANGELES CAPITAL MANAGEMENT LLC Sold out -42,758-42.8k
JPMORGAN CHASE & CO Reduced -25,379-25.4k
RENAISSANCE TECHNOLOGIES LLC Reduced -21,300-21.3k
State of Wyoming Reduced -20,861-20.9k
MARTINGALE ASSET MANAGEMENT L P Sold out -20,623-20.6k

Biggest calls

CITADEL ADVISORS LLC Added $103.5k23.1k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
SIMPLEX TRADING, LLC Reduced $0100 shares

Biggest puts

CITADEL ADVISORS LLC Added $56.9k12.7k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
SIMPLEX TRADING, LLC New $0200 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
TANNENBAUM LEONARD M 13D · may seek influence +1.2 pts · filed 2026-09-15 31.6% +1.2 pts 7.1m≈ $22.0m 2026-09-15
Stoney Lonesome HF LP 13G · passive investor +1.5 pts · filed 2026-07-29 8.6% +1.5 pts 2.0m≈ $6.3m 2026-07-29

Fell to 5% or below in the last year: BlackRock, Inc. (0.0%, 2026-04-27)

Insider purchases and sales in Q2 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
404Q3 23: 0 buyingQ3 23: 0 sellingQ4 23: 0 buyingQ4 23: 0 sellingQ4 23Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 1 buyingQ2 24: 0 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24Q1 25: 3 buyingQ1 25: 0 sellingQ2 25: 0 buyingQ2 25: 0 sellingQ2 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20230—0——
Q4 20230—0——
Q1 20240—0——
Q2 20241$1.1m0——
Q3 20240—0——
Q4 20240—0——
Q1 20253$930.7k0——
Q2 20250—0——

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,619,4611.6m $7.3m $7.3m 0.00% Reduced -98.3k -98,329
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 915,142915.1k $4.1m $4.1m 0.00% Added +10.3k +10,321
3 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 385,456385.5k $1.8m $1.8m 0.00% Added +14.1k +14,125
4 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 333,102333.1k $1.5m $1.5m 0.00% Added +173.8k +173,767
5 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 222,399222.4k $996.3k $996.3k 0.00% Reduced -11.3k -11,310
6 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 217,424217.4k $974.1k $974.1k 0.00% Added +111.2k +111,237
7 Penserra Capital Management LLC 0.01% of their portfolio ORINDA, CA 217,302217.3k $973.0k $973.0k 0.01% Added +101.7k +101,665
8 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 200,049200.0k $896.2k $896.2k 0.00% Reduced -4.4k -4,388
9 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 199,917199.9k $894.0k $894.0k 0.00% Reduced -60.2k -60,238
10 GSA CAPITAL PARTNERS LLP 0.04% of their portfolio LONDON, X0 139,330139.3k $624.0k $624.0k 0.04% Added +51.4k +51,449
11 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 110,800110.8k $496.4k $496.4k 0.00% Reduced -21.3k -21,300
12 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 67,75067.8k $303.5k $303.5k 0.00% Added +950 +950
13 AdvisorShares Investments LLC 0.05% of their portfolio BETHESDA, MD 67,44667.4k $302.2k $302.2k 0.05% Reduced -9.5k -9,480
14 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 65,93865.9k $295.4k $295.4k 0.00% Reduced -16.3k -16,337
15 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 62,60362.6k $280.5k $280.5k 0.00% Added +1.8k +1,819
16 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 54,44154.4k $243.9k $243.9k 0.00% Reduced -54.2k -54,198
17 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 52,09652.1k $233.4k $233.4k 0.00% Reduced -1.9k -1,858
18 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 51,97252.0k $232.8k $232.8k 0.00% New
19 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 49,03149.0k $219.7k $219.7k 0.00% Reduced -13.5k -13,530
20 Cambria Investment Management, L.P. 0.01% of their portfolio Manhattan Beach, CA 46,69646.7k $209.2k $209.2k 0.01% Added +24.5k +24,528
21 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 36,35136.4k $162.9k $162.9k 0.00% New
22 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio HOUSTON, TX 34,09634.1k $152.8k $152.8k 0.00% Unchanged
23 Campbell & CO Investment Adviser LLC 0.01% of their portfolio BALTIMORE, MD 32,92732.9k $147.5k $147.5k 0.01% New
24 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 32,44332.4k $145.3k $145.3k 0.00% Added +5.6k +5,576
25 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 32,21632.2k $144.3k $144.3k 0.00% Reduced -2.4k -2,390
26 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 31,80031.8k $142.5k $142.5k 0.00% Added +7.9k +7,900
27 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 31,34231.3k $140.6k $140.6k 0.00% Added +2.1k +2,123
28 RITHOLTZ WEALTH MANAGEMENT 0.00% of their portfolio NEW YORK, NY 31,34031.3k $140.4k $140.4k 0.00% Reduced -4.3k -4,261
29 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 30,49030.5k $136.6k $136.6k 0.00% Added +12.4k +12,438
30 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 29,99230.0k $134.4k $134.4k 0.00% Added +9.6k +9,600
31 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 27,45327.5k $123.0k $123.0k 0.00% Added +113 +113
32 SMH CAPITAL ADVISORS INC 0.26% of their portfolio FORT WORTH, TX 26,00026.0k $116.5k $116.5k 0.26% Unchanged
33 Catalyst Capital Advisors LLC 0.00% of their portfolio San Juan, PR 26,00026.0k $116.5k $116.5k 0.00% Unchanged
34 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 25,70025.7k $115.1k $115.1k 0.00% New
35 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 22,80022.8k $102.1k $102.1k 0.00% Unchanged
36 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 22,60622.6k $101.3k $101.3k 0.00% Reduced -16.5k -16,464
37 State of Wyoming 0.01% of their portfolio CHEYENNE, WY 19,87419.9k $89.0k $89.0k 0.01% Reduced -20.9k -20,861
38 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 19,86819.9k $90.0k $90.0k 0.00% Added +9.2k +9,235
39 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 16,70016.7k $74.8k $74.8k 0.00% Reduced -6.7k -6,732
40 UBS Group AG 0.00% of their portfolio ZURICH, V8 16,24516.2k $72.8k $72.8k 0.00% Reduced -329 -329
41 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 12,64712.6k $56.7k $56.7k 0.00% Reduced -25.4k -25,379
42 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11,74411.7k $52.6k $52.6k 0.00% Added +955 +955
43 INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio WEST PALM BEACH, FL 10,46610.5k $46.9k $46.9k 0.00% Reduced -3.9k -3,926
44 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 7,8757.9k $35.3k $35.3k 0.00% Reduced -74.6k -74,611
45 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 6,8386.8k $30.6k $30.6k 0.00% Unchanged
46 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 6,7006.7k $30.0k $30.0k 0.00% Unchanged
47 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,3496.3k $28.4k $28.4k 0.00% Reduced -2.4k -2,379
48 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 6,1426.1k $27.5k $27.5k 0.00% Reduced -6.3k -6,313
49 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 5,6185.6k $25.2k $25.2k 0.00% Unchanged
50 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 5,5945.6k $25.9k $25.9k 0.00% Unchanged
51 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 5,3005.3k $23.7k $23.7k 0.00% Unchanged
52 McIlrath & Eck, LLC 0.00% of their portfolio ARLINGTON, WA 5,1125.1k $22.9k $22.9k 0.00% Unchanged
53 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 3,4053.4k $15.3k $15.3k 0.00% Added +1.7k +1,708
54 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 3,3003.3k $14.8k $14.8k 0.00% Unchanged
55 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3,1973.2k $14.3k $14.3k 0.00% Reduced -855 -855
56 CWM, LLC 0.00% of their portfolio OMAHA, NE 3,0263.0k $14.0k $14.0k 0.00% Added +2.9k +2,860
57 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 2,7942.8k $12.5k $12.5k 0.00% New
58 Versant Capital Management, Inc 0.00% of their portfolio PHOENIX, AZ 2,7232.7k $12.2k $12.2k 0.00% New
59 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,7531.8k $7.9k $7.9k 0.00% Reduced -4.6k -4,611
60 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 1,6171.6k $7.2k $7.2k 0.00% Unchanged
61 Legal & General Group Plc 0.00% of their portfolio London, X0 1,5961.6k $7.2k $7.2k 0.00% Unchanged
62 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,4771.5k $6.6k $6.6k 0.00% Added +1.5k +1,462
63 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 1,0071.0k $4.5k $4.5k 0.00% Added +500 +500
64 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 635635 $2.8k $2.8k 0.00% New
65 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 594594 $2.0k $2.0k 0.00% Added +555 +555
66 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 554554 $2.0k $2.0k 0.00% Unchanged
67 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 482482 $2.2k $2.2k 0.00% Added +178 +178
68 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 429429 $1.9k $1.9k 0.00% New
69 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 428428 $1.9k $1.9k 0.00% Unchanged
70 Covestor Ltd 0.00% of their portfolio LONDON, X0 224224 $1.0k $1.0k 0.00% Added +135 +135
71 West Financial Advisors, LLC 0.00% of their portfolio DES MOINES, IA 209209 $937 $937 0.00% Added +9 +9
72 True Wealth Design, LLC 0.00% of their portfolio AKRON, OH 151151 $677 $677 0.00% Added +130 +130
73 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 145145 $650 $650 0.00% Added +36 +36
74 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 124124 $556 $556 0.00% Unchanged
75 Essential Partners LLC 0.00% of their portfolio RANCHO SANTA FE, CA 8585 $381 $381 0.00% First filing
76 Truvestments Capital LLC 0.00% of their portfolio SARASOTA, FL 8080 $358 $358 0.00% Unchanged
77 AlphaQuest LLC 0.00% of their portfolio New York, NY 5454 $242 $242 0.00% Added +27 +27
78 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1818 $170 $170 0.00% New
79 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged