Vault-13

AFC GAMMA INC AFCG

COM · Common Stock · CUSIP 00109K105

44 institutional holders -7 vs Q1 2026
4,363,7594.4m shares reported held*
19.2% of all shares outstanding*
$13.5mreported value*
9 new 13 added 13 reduced 15 sold out net bought ≈ $1.0m (+330.4k 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. Holder counts are more reliable. Shares outstanding: 22.7m as of 2026-08-07, 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 ≈ $3.10. Options: 5 managers hold calls ($505.0k notional), 3 hold puts ($670.8k).

Trends to Q2 2026

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: 79Q3 25: 72Q4 25: 69Q1 26: 51Q2 26: 4444Q3 22Q3 23Q3 24Q3 25Q2 26
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
Q3 202572
Q4 202569
Q1 202651
Q2 202644

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 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 25Q3 25: 36 bought or addedQ3 25: 33 cut or sold outQ4 25: 22 bought or addedQ4 25: 40 cut or sold outQ4 25Q1 26: 24 bought or addedQ1 26: 50 cut or sold outQ2 26: 22 bought or addedQ2 26: 28 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20244823
Q4 20244931
Q1 20253545
Q2 20253739
Q3 20253633
Q4 20252240
Q1 20262450
Q2 20262228

Calls vs puts

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

CallsPuts
$0$200k$400k$600k$800kQ3 25 calls: $502.3kQ3 25 puts: $529.2kQ3 25P/C 1.05Q4 25 calls: $480.2kQ4 25 puts: $400.1kQ4 25P/C 0.83Q1 26 calls: $348.6kQ1 26 puts: $403.5kQ1 26P/C 1.16Q2 26 calls: $505.0kQ2 26 puts: $670.8kQ2 26P/C 1.33
Numbers
QuarterCallsPutsP/C
Q3 2025$502.3k$529.2k1.05
Q4 2025$480.2k$400.1k0.83
Q1 2026$348.6k$403.5k1.16
Q2 2026$505.0k$670.8k1.33

Biggest buyers

CDC Financial, Inc. Added +324,181+324.2k
JANE STREET GROUP, LLC Added +189,412+189.4k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP New +173,233+173.2k
Squarepoint Ops LLC Added +130,652+130.7k
ACADIAN ASSET MANAGEMENT LLC New +108,441+108.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +55,441+55.4k
Focus Partners Wealth New +52,351+52.4k
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Added +27,841+27.8k
Schonfeld Strategic Advisors LLC New +25,801+25.8k
D. E. Shaw & Co., Inc. Added +18,847+18.8k

Biggest sellers

NORTHERN TRUST CORP Sold out -151,137-151.1k
VANGUARD CAPITAL MANAGEMENT LLC Sold out -150,396-150.4k
Cambria Investment Management, L.P. Sold out -97,390-97.4k
CITADEL ADVISORS LLC Reduced -86,443-86.4k
MILLENNIUM MANAGEMENT LLC Reduced -84,560-84.6k
HRT FINANCIAL LP Reduced -67,812-67.8k
GSA CAPITAL PARTNERS LLP Reduced -47,685-47.7k
DECISION INVESTMENTS, INC Sold out -24,236-24.2k
Vident Advisory, LLC Reduced -20,197-20.2k
Black Maple Capital Management LP Reduced -18,781-18.8k

Biggest calls

CITADEL ADVISORS LLC Reduced $173.0k55.8k shares
GROUP ONE TRADING LLC Added $146.0k47.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $110.7k35.7k shares
IMC-Chicago, LLC Added $52.4k16.9k shares
SIMPLEX TRADING, LLC Reduced $22.9k7.4k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $558.3k180.1k shares
SIMPLEX TRADING, LLC Added $111.9k36.1k shares
GROUP ONE TRADING LLC New $620200 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 since 1 Apr 2026

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
404Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 3 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 3 buyingQ3 25: 0 sellingQ3 25Q4 25: 2 buyingQ4 25: 0 sellingQ1 26: 2 buyingQ1 26: 0 sellingQ1 26Q2 26: 1 buyingQ2 26: 0 sellingQ3 26: 3 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20240—0——
Q1 20253$930.7k0——
Q2 20250—0——
Q3 20253$4.6m0——
Q4 20252$542.9k0——
Q1 20262$1.5m0——
Q2 20261$257.3k0——
Q3 20263$2.1m0——
DateInsiderTradeSharesPrice ValueTheir holding
2026-09-30 TANNENBAUM LEONARD M Director Bought 44,643 $3.63 $162.1k44.6k shares +1%
2026-09-29 TANNENBAUM LEONARD M Director Bought 40,081 $3.59 $143.9k40.1k shares +1%
2026-09-28 TANNENBAUM LEONARD M Director Bought 10,673 $3.57 $38.1k10.7k shares +<1%
2026-09-25 TANNENBAUM LEONARD M Director Bought 5,228 $3.52 $18.4k5.2k shares +<1%
2026-09-24 TANNENBAUM LEONARD M Director Bought 20,000 $3.49 $69.8k20.0k shares +<1%
2026-09-23 TANNENBAUM LEONARD M Director Bought 3,471 $3.49 $12.1k3.5k shares +<1%
2026-09-22 TANNENBAUM LEONARD M Director Bought 23,072 $3.49 $80.5k23.1k shares +<1%
2026-09-18 TANNENBAUM LEONARD M Director Bought 10,000 $3.49 $34.9k10.0k shares +<1%
2026-09-17 TANNENBAUM LEONARD M Director Bought 25,000 $3.50 $87.5k25.0k shares +<1%
2026-09-16 TANNENBAUM LEONARD M Director Bought 2,341 $3.43 $8.0k2.3k shares +<1%
2026-09-15 TANNENBAUM LEONARD M Director Bought 608 $3.50 $2.1k608 shares +<1%
2026-09-14 TANNENBAUM LEONARD M Director Bought 25,198 $3.50 $88.2k25.2k shares +<1%
2026-09-11 TANNENBAUM LEONARD M Director Bought 15,000 $3.55 $53.2k15.0k shares +<1%
2026-09-10 TANNENBAUM LEONARD M Director Bought 35,000 $3.46 $121.1k35.0k shares +0%
2026-09-02 TANNENBAUM LEONARD M Director Bought 15,223 $3.59 $54.7k15.2k shares +<1%
2026-08-31 TANNENBAUM LEONARD M Director Bought 53,273 $3.60 $191.8k53.3k shares +1%
2026-08-28 TANNENBAUM LEONARD M Director Bought 65,752 $3.53 $232.1k65.8k shares +1%
2026-08-27 TANNENBAUM LEONARD M Director Bought 15,202 $3.46 $52.6k15.2k shares +<1%
2026-08-26 TANNENBAUM LEONARD M Director Bought 19,404 $3.41 $66.2k19.4k shares +<1%
2026-08-25 TANNENBAUM LEONARD M Director Bought 30,000 $3.40 $102.0k30.0k shares +0%
2026-08-24 TANNENBAUM LEONARD M Director Bought 30,000 $3.41 $102.3k30.0k shares +0%
2026-08-21 TANNENBAUM LEONARD M Director Bought 25,000 $3.28 $82.0k25.0k shares +<1%
2026-08-20 TANNENBAUM LEONARD M Director Bought 20,000 $3.29 $65.8k20.0k shares +<1%
2026-08-19 TANNENBAUM LEONARD M Director Bought 12,841 $3.48 $44.7k12.8k shares +<1%
2026-08-14 TANNENBAUM LEONARD M Director Bought 45,829 $3.06 $140.2k45.8k shares +1%
2026-08-14 Hetzel Brandon CFO and Treasurer Bought 1,463 $3.00 $4.4k1.5k shares +4%
2026-08-14 Tannenbaum Robyn President and CIO Bought 1,000 $3.15 $3.1k1.0k shares +<1%
2026-05-14 TANNENBAUM LEONARD M Director Bought 90,600 $2.84 $257.3k90.6k shares +1%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CDC Financial, Inc. 4.28% of their portfolio CHICAGO, IL 1,797,3591.8m $5.6m $5.6m 4.28% Added +324.2k +324,181
2 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 418,479418.5k $1.3m $1.3m 0.00% Added +189.4k +189,412
3 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 220,387220.4k $683.2k $683.2k 0.00% Added +27.8k +27,841
4 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 199,911199.9k $619.7k $619.7k 0.00% Added +55.4k +55,441
5 GSA CAPITAL PARTNERS LLP 0.04% of their portfolio LONDON, X0 193,323193.3k $599.0k $599.0k 0.04% Reduced -47.7k -47,685
6 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 191,798191.8k $594.6k $594.6k 0.00% Added +130.7k +130,652
7 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 173,233173.2k $537.0k $537.0k 0.00% New
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 121,543121.5k $376.8k $376.8k 0.00% Added +399 +399
9 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 116,471116.5k $361.1k $361.1k 0.00% Added +18.8k +18,847
10 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 114,407114.4k $354.7k $354.7k 0.00% Reduced -86.4k -86,443
11 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 108,441108.4k $335.0k $335.0k 0.00% New
12 Black Maple Capital Management LP 0.19% of their portfolio MILWAUKEE, WI 92,13192.1k $285.6k $285.6k 0.19% Reduced -18.8k -18,781
13 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 67,10067.1k $208.0k $208.0k 0.00% Reduced -9.7k -9,700
14 BlackRock, Inc. 0.00% of their portfolio New York, NY 59,94459.9k $185.8k $185.8k 0.00% Unchanged
15 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 57,54857.5k $178.4k $178.4k 0.00% Added +1.1k +1,071
16 Vident Advisory, LLC 0.00% of their portfolio Alpharetta, GA 53,22553.2k $165.0k $165.0k 0.00% Reduced -20.2k -20,197
17 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 52,35152.4k $162.3k $162.3k 0.00% New
18 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 43,47943.5k $134.8k $134.8k 0.00% Reduced -84.6k -84,560
19 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 38,31038.3k $118.8k $118.8k 0.00% Added +190 +190
20 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio HOUSTON, TX 34,09634.1k $105.7k $105.7k 0.00% Unchanged
21 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 29,56229.6k $91.0k $91.0k 0.00% Reduced -67.8k -67,812
22 SMH CAPITAL ADVISORS INC 0.32% of their portfolio FORT WORTH, TX 26,00026.0k $80.6k $80.6k 0.32% Unchanged
23 Catalyst Capital Advisors LLC 0.00% of their portfolio San Juan, PR 26,00026.0k $80.6k $80.6k 0.00% Unchanged
24 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 25,80125.8k $80.0k $80.0k 0.00% New
25 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 25,25325.3k $78.3k $78.3k 0.00% Reduced -197 -197
26 AXQ CAPITAL, LP 0.01% of their portfolio JERSEY CITY, NJ 16,55916.6k $51.3k $51.3k 0.01% New
27 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 14,75814.8k $45.8k $45.8k 0.00% Added +2.4k +2,373
28 Virtu Financial LLC 0.00% of their portfolio New York, NY 10,33410.3k $32.0k $32.0k 0.00% Reduced -443 -443
29 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 9,1669.2k $28.4k $28.4k 0.00% New
30 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 9,0009.0k $27.9k $27.9k 0.00% Added +700 +700
31 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 5,3005.3k $16.4k $16.4k 0.00% Unchanged
32 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 5,2855.3k $16.4k $16.4k 0.00% Reduced -243 -243
33 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,5653.6k $11.1k $11.1k 0.00% Added +3.6k +3,564
34 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,7971.8k $5.8k $5.8k 0.00% Reduced -422 -422
35 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 707707 $2.0k $2.0k 0.00% Reduced -816 -816
36 Bell Investment Advisors, Inc 0.00% of their portfolio ORINDA, CA 230230 $713 $713 0.00% Unchanged
37 West Financial Advisors, LLC 0.00% of their portfolio DES MOINES, IA 229229 $710 $710 0.00% Added +4 +4
38 Bare Financial Services, Inc 0.00% of their portfolio GAP, PA 226226 $701 $701 0.00% Unchanged
39 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 142142 $444 $444 0.00% New
40 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 124124 $384 $384 0.00% Unchanged
41 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 109109 $338 $338 0.00% Unchanged
42 Fortitude Family Office, LLC 0.00% of their portfolio SCOTTSDALE, AZ 7070 $217 $217 0.00% New
43 Essential Partners LLC 0.00% of their portfolio RANCHO SANTA FE, CA 44 $12 $12 0.00% Reduced -11 -11
44 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 22 $6 $6 0.00% New