Vault-13

BEL FUSE INC BELFA

CL A · Common Stock · CUSIP 077347201

60 institutional holders +3 vs Q1 2025
909,002909.0k shares reported held*
$81.7mreported value*
6 new 15 added 22 reduced 5 sold out net sold ≈ $4.3m (-47.9k 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 ($31.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $89.85.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 17Q4 22: 18Q1 23: 20Q2 23: 26Q3 23: 26Q4 23: 27Q1 24: 33Q2 24: 41Q3 24: 55Q4 24: 57Q1 25: 57Q2 25: 6060Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202217
Q4 202218
Q1 202320
Q2 202326
Q3 202326
Q4 202327
Q1 202433
Q2 202441
Q3 202455
Q4 202457
Q1 202557
Q2 202560

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 11 bought or addedQ3 23: 11 cut or sold outQ4 23: 11 bought or addedQ4 23: 11 cut or sold outQ4 23Q1 24: 21 bought or addedQ1 24: 6 cut or sold outQ2 24: 24 bought or addedQ2 24: 18 cut or sold outQ2 24Q3 24: 30 bought or addedQ3 24: 13 cut or sold outQ4 24: 23 bought or addedQ4 24: 20 cut or sold outQ4 24Q1 25: 19 bought or addedQ1 25: 26 cut or sold outQ2 25: 21 bought or addedQ2 25: 27 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231111
Q4 20231111
Q1 2024216
Q2 20242418
Q3 20243013
Q4 20242320
Q1 20251926
Q2 20252127

Biggest buyers

FMR LLC Added +68,074+68.1k
INVESTORS ASSET MANAGEMENT OF GEORGIA INC /GA/ /ADV New +26,051+26.1k
ADVISORY RESEARCH INC Added +9,008+9.0k
LOS ANGELES CAPITAL MANAGEMENT LLC New +3,675+3.7k
VANGUARD GROUP INC Added +2,865+2.9k
STATE STREET CORP Added +1,580+1.6k
BARCLAYS PLC Added +1,049+1.0k
Cynosure Group, LLC Added +1,000+1.0k
MORGAN STANLEY Added +779+779
Tower Research Capital LLC (TRC) Added +608+608

Biggest sellers

JPMORGAN CHASE & CO Reduced -111,881-111.9k
BROWN ADVISORY INC Reduced -10,809-10.8k
CITADEL ADVISORS LLC Reduced -6,475-6.5k
Qube Research & Technologies Ltd Sold out -5,489-5.5k
MARSHALL WACE, LLP Sold out -4,400-4.4k
GOLDMAN SACHS GROUP INC Sold out -3,964-4.0k
AMERICAN CENTURY COMPANIES INC Reduced -3,729-3.7k
BlackRock, Inc. Reduced -3,704-3.7k
UBS Group AG Reduced -2,755-2.8k
DIMENSIONAL FUND ADVISORS LP Reduced -2,680-2.7k

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.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: HIGHBRIDGE CAPITAL MANAGEMENT LLC (0.0%, 2026-08-14), BARCLAYS PLC (1.7%, 2026-08-13), GAMCO INVESTORS, INC. ET AL (3.0%, 2026-01-28)

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: 2 buyingQ3 23: 1 sellingQ4 23: 1 buyingQ4 23: 4 sellingQ4 23Q1 24: 0 buyingQ1 24: 1 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 2 sellingQ4 24Q1 25: 0 buyingQ1 25: 1 sellingQ2 25: 0 buyingQ2 25: 2 sellingQ2 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20232$66.0k1$728.0k—
Q4 20231$12.4k4$434.9k—
Q1 20240—1$56.7k—
Q2 20240—0——
Q3 20240—0——
Q4 20240—2$196.8k—
Q1 20250—1$14.7k—
Q2 20250—2$774.0k—
DateInsiderTradeSharesPrice ValueTheir holding
2025-06-13 Lai Kenneth Koon Keung VP of Asia Operations Sold 4,000 $84.03 $336.1k4.0k shares -25%
2025-04-30 BERNSTEIN DANIEL President and CEO, director Sold 6,652 $65.82 $437.8k6.7k shares -17%

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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BROWN ADVISORY INC 0.02% of their portfolio BALTIMORE, MD 159,933159.9k $14.4m $14.4m 0.02% Reduced -10.8k -10,809
2 BlackRock, Inc. 0.00% of their portfolio New York, NY 90,83490.8k $8.2m $8.2m 0.00% Reduced -3.7k -3,704
3 GAMCO INVESTORS, INC. ET AL 0.07% of their portfolio GREENWICH, CT 81,03881.0k $7.3m $7.3m 0.07% Reduced -1.5k -1,500
4 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 77,60177.6k $7.0m $7.0m 0.00% Reduced -2.7k -2,680
5 FMR LLC 0.00% of their portfolio BOSTON, MA 68,43568.4k $6.1m $6.1m 0.00% Added +68.1k +68,074
6 GABELLI FUNDS LLC 0.04% of their portfolio Rye, NY 67,40067.4k $6.1m $6.1m 0.04% Added +200 +200
7 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 46,20646.2k $4.2m $4.2m 0.00% Added +2.9k +2,865
8 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 42,45342.5k $3.8m $3.8m 0.01% Reduced -300 -300
9 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 36,40836.4k $3.3m $3.3m 0.00% Reduced -534 -534
10 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 32,16632.2k $2.9m $2.9m 0.00% Reduced -3.7k -3,729
11 ADVISORY RESEARCH INC 0.39% of their portfolio CHICAGO, IL 28,25028.2k $2.5m $2.5m 0.39% Added +9.0k +9,008
12 INVESTORS ASSET MANAGEMENT OF GEORGIA INC /GA/ /ADV 1.08% of their portfolio ATLANTA, GA 26,05126.1k $2.3m $2.3m 1.08% New
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 25,24525.2k $2.3m $2.3m 0.00% Added +1.6k +1,580
14 SANTA MONICA PARTNERS LP 1.23% of their portfolio PALM BEACH GARDENS, FL 23,43423.4k $2.1m $2.1m 1.23% Unchanged
15 ROYCE & ASSOCIATES LP 0.02% of their portfolio New York, NY 18,80518.8k $1.7m $1.7m 0.02% Unchanged
16 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 16,23016.2k $1.5m $1.5m 0.00% Reduced -1.3k -1,323
17 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 10,76510.8k $967.0k $967.0k 0.00% Reduced -1.2k -1,151
18 HERALD INVESTMENT MANAGEMENT Ltd 0.10% of their portfolio LONDON, X0 7,5007.5k $669.8k $669.8k 0.10% Unchanged
19 UBS Group AG 0.00% of their portfolio ZURICH, V8 6,1676.2k $554.1k $554.1k 0.00% Reduced -2.8k -2,755
20 Cynosure Group, LLC 0.05% of their portfolio Salt Lake City, UT 5,3025.3k $476.4k $476.4k 0.05% Added +1.0k +1,000
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,2754.3k $384.1k $384.1k 0.00% Added +779 +779
22 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 4,2724.3k $383.8k $383.8k 0.00% Reduced -139 -139
23 Makaira Partners LLC 0.11% of their portfolio LA JOLLA, CA 4,0014.0k $359.5k $359.5k 0.11% Unchanged
24 LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 3,6753.7k $330.2k $330.2k 0.00% New
25 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 3,0753.1k $276.3k $276.3k 0.00% Added +462 +462
26 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,9252.9k $262.7k $262.7k 0.00% Reduced -94 -94
27 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 2,8102.8k $252.5k $252.5k 0.00% Added +1.0k +1,049
28 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 2,4932.5k $224.0k $224.0k 0.00% Reduced -6.5k -6,475
29 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,2012.2k $197.8k $197.8k 0.00% Reduced -111.9k -111,881
30 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,3061.3k $117.3k $117.3k 0.00% Unchanged
31 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 1,3001.3k $116.8k $116.8k 0.00% Unchanged
32 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,0971.1k $98.6k $98.6k 0.00% Reduced -5 -5
33 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 882882 $79.2k $79.2k 0.00% Reduced -184 -184
34 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 763763 $68.6k $68.6k 0.00% Reduced -270 -270
35 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 744744 $66.8k $66.8k 0.00% Added +608 +608
36 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 575575 $51.7k $51.7k 0.00% Reduced -633 -633
37 FNY Investment Advisers, LLC 0.02% of their portfolio NEW YORK, NY 571571 $51.0k $51.0k 0.02% New
38 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 500500 $44.9k $44.9k 0.00% Unchanged
39 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 351351 $31.5k $31.5k 0.00% Unchanged
40 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 246246 $22.0k $22.0k 0.00% Added +135 +135
41 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 171171 $15.4k $15.4k 0.00% Unchanged
42 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 166166 $14.9k $14.9k 0.00% Added +56 +56
43 Legal & General Group Plc 0.00% of their portfolio London, X0 143143 $12.8k $12.8k 0.00% Unchanged
44 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 126126 $11.3k $11.3k 0.00% Unchanged
45 CWM, LLC 0.00% of their portfolio OMAHA, NE 101101 $9.0k $9.0k 0.00% Reduced -179 -179
46 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 8484 $7.5k $7.5k 0.00% Added +82 +82
47 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 7878 $7.0k $7.0k 0.00% Unchanged
48 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 6060 $5.0k $5.0k 0.00% Unchanged
49 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 4949 $4.4k $4.4k 0.00% Added +18 +18
50 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 3030 $2.7k $2.7k 0.00% Added +23 +23
51 Glenmede Investment Management, LP 0.00% of their portfolio PHILADELPHIA, PA 1515 $1.3k $1.3k 0.00% First filing
52 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 1414 $1.3k $1.3k 0.00% Reduced -53 -53
53 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1111 $988 $988 0.00% New
54 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 1010 $899 $899 0.00% New
55 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 44 $359 $359 0.00% New
56 Covestor Ltd 0.00% of their portfolio LONDON, X0 33 $0 $0 0.00% Reduced -2 -2
57 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 11 $90 $90 0.00% Reduced -3 -3
58 True Wealth Design, LLC 0.00% of their portfolio AKRON, OH 11 $90 $90 0.00% Unchanged
59 Essential Partners LLC 0.00% of their portfolio RANCHO SANTA FE, CA 11 $90 $90 0.00% First filing
60 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged