BGC GROUP INC BGC
CL A · Common Stock · CUSIP 088929104
American global financial services company
* 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 ($7.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $7.22. Options: 16 managers hold calls ($24.8m notional), 7 hold puts ($2.9m).
Trends to Q4 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2023 | 8 |
| Q3 2023 | 212 |
| Q4 2023 | 251 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 205 | 2 |
| Q4 2023 | 134 | 86 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $0 | $0 | — |
| Q2 2023 | $0 | $0 | — |
| Q3 2023 | $10.7m | $2.1m | 0.20 |
| Q4 2023 | $24.8m | $2.9m | 0.12 |
Biggest buyers
| MORGAN STANLEY | Added | +8.5m |
| BlackRock Inc. | Added | +4.2m |
| JPMORGAN CHASE & CO | Added | +3.3m |
| Wolf Hill Capital Management, LP | New | +2.8m |
| Azora Capital LP | New | +1.7m |
| FMR LLC | Added | +1.2m |
| Shay Capital LLC | Added | +1.2m |
| NORGES BANK | Added | +1.0m |
| PRUDENTIAL FINANCIAL INC | Added | +953.7k |
| Penn Capital Management Company, LLC | Added | +901.6k |
Biggest sellers
| CARDINAL CAPITAL MANAGEMENT LLC /CT | Reduced | -2.4m |
| Boussard & Gavaudan Investment Management LLP | Reduced | -1.2m |
| GREAT LAKES ADVISORS, LLC | Reduced | -837.9k |
| Gillson Capital LP | Sold out | -772.5k |
| JUPITER ASSET MANAGEMENT LTD | Reduced | -763.6k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -733.3k |
| Philosophy Capital Management LLC | Reduced | -658.9k |
| RBF Capital, LLC | Reduced | -548.1k |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -547.9k |
| Clearline Capital LP | Reduced | -403.5k |
Biggest calls
| Philosophy Capital Management LLC | Unchanged | $8.0m11.1k shares |
| GARNET EQUITY CAPITAL HOLDINGS, INC. | Added | $4.0m550.0k shares |
| Caption Management, LLC | New | $2.1m290.0k shares |
| GROUP ONE TRADING LLC | Added | $1.6m215.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.3m183.6k shares |
| Squarepoint Ops LLC | New | $1.3m180.6k shares |
| CITADEL ADVISORS LLC | Added | $1.3m176.4k shares |
| AYAL Capital Advisors Ltd | First filing | $1.2m170.0k shares |
| Weiss Multi-Strategy Advisers LLC | New | $1.2m160.0k shares |
| SIMPLEX TRADING, LLC | Added | $740.0k102.6k shares |
Biggest puts
| Squarepoint Ops LLC | Unchanged | $1.6m218.0k shares |
| CITADEL ADVISORS LLC | Added | $442.6k61.3k shares |
| Parallax Volatility Advisers, L.P. | New | $358.1k49.6k shares |
| WOLVERINE TRADING, LLC | Added | $247.6k34.3k shares |
| GROUP ONE TRADING LLC | Unchanged | $184.1k25.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $97.0k13.5k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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.
| Holder | Stake |
|---|---|
CANTOR FITZGERALD, L. P.
13D · may seek influence
-0.1 pts · filed 2025-10-06
Stated purposeItem 4 is hereby amended and supplemented with the following: Completion of Howard W. Lutnick Divestiture In accordance with the transactions detailed below, Mr. Howard W. Lutnick, the U.S. Secretary of Commerce and the Company's former Chief Executive Officer and former Chairman of the Board of Directors of the Company, has completed his previously announced divestiture of his holdings in the Company in connection with his appointment as the U.S. Secretary of Commerce. Mr. Howard W. Lutnick no longer has any voting or dispositive power over any of the securities of the Company, and the Reporting Persons understand that he will file Amendment No. 20B as his final amendment to the Original 13D to reflect his zero ownership. Acquisition of CFGM Voting Shares by Trusts Controlled by Mr. Bra… Full filing |
23.4% |
| BlackRock, Inc. 13G · institution +2.9 pts · filed 2025-10-17 | 14.2% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.8% |
| Rubric Capital Management LP 13G · institution new · filed 2026-02-13 | 5.8% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q4 2023
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.
None reported in Q4 2023.
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 37.0m $267.5m | Added +353.6k |
| BlackRock Inc. 0.01% of their portfolio | 27.3m $197.2m | Added +4.2m |
| Rubric Capital Management LP 5.39% of their portfolio | 20.0m $144.4m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 13.7m $98.7m | Added +8.5m |
| AltraVue Capital, LLC 8.52% of their portfolio | 10.2m $73.9m | Reduced -9.9k |
| CARDINAL CAPITAL MANAGEMENT LLC /CT 3.20% of their portfolio | 9.6m $69.6m | Reduced -2.4m |
| FMR LLC 0.00% of their portfolio | 8.8m $63.4m | Added +1.2m |
| Philosophy Capital Management LLC 12.75% of their portfolio | 8.7m $63.1m | Reduced -658.9k |
| STATE STREET CORP 0.00% of their portfolio | 8.4m $60.9m | Added +535.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 8.2m $59.0m | Added +840.5k |
| Boston Partners 0.07% of their portfolio | 7.4m $53.3m | Reduced -235.2k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 6.8m $49.0m | Added +514.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 5.6m $40.2m | Added +3.3m |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 5.0m $35.9m | Added +94.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 4.5m $32.6m | Added +38.4k |
| PRUDENTIAL FINANCIAL INC 0.05% of their portfolio | 4.1m $29.9m | Added +953.7k |
| NORGES BANK 0.00% of their portfolio | 3.8m $27.4m | Added +1.0m |
| NORTHERN TRUST CORP 0.00% of their portfolio | 3.8m $27.2m | Added +277.0k |
| Weiss Multi-Strategy Advisers LLC 0.66% of their portfolio | 3.6m $26.0m | Added +492.1k |
| Private Capital Management, LLC 2.28% of their portfolio | 2.8m $20.1m | Added +120.2k |
| Wolf Hill Capital Management, LP 1.72% of their portfolio | 2.8m $20.0m | New |
| Boussard & Gavaudan Investment Management LLP 3.69% of their portfolio | 2.7m $18.9m | Reduced -1.2m |
| Shay Capital LLC 6.91% of their portfolio | 2.5m $17.8m | Added +1.2m |
| SOROS FUND MANAGEMENT LLC 0.32% of their portfolio | 2.3m $16.7m | Reduced -200.0k |
| JUPITER ASSET MANAGEMENT LTD 0.17% of their portfolio | 2.3m $16.7m | Reduced -763.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 2.2m $15.9m | Added +104.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 2.0m $14.1m | Added +496.9k |
| PANAGORA ASSET MANAGEMENT INC 0.07% of their portfolio | 1.9m $13.4m | Reduced -27.5k |
| Penn Capital Management Company, LLC 1.23% of their portfolio | 1.9m $13.4m | Added +901.6k |
| MUHLENKAMP & CO INC 4.04% of their portfolio | 1.7m $12.4m | Added +16.5k |
| Azora Capital LP 1.11% of their portfolio | 1.7m $12.2m | New |
| O'Keefe Stevens Advisory, Inc. 4.40% of their portfolio | 1.5m $10.9m | Added +17.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 1.5m $10.7m | Reduced -389.6k |
| Invesco Ltd. 0.00% of their portfolio | 1.4m $10.3m | Added +408.3k |
| No Street GP LP 1.01% of their portfolio | 1.4m $10.1m | Reduced -250.0k |
| Robertson Stephens Wealth Management, LLC 0.63% of their portfolio | 1.4m $10.1m | Added +10.0k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 1.3m $9.1m | Reduced -238.7k |
| RBF Capital, LLC 0.56% of their portfolio | 1.2m $9.0m | Reduced -548.1k |
| GARNET EQUITY CAPITAL HOLDINGS, INC. 8.86% of their portfolio | 1.2m $8.8m | Added +130.0k |
| Interval Partners, LP 0.37% of their portfolio | 1.2m $8.6m | Reduced -82.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.2m $8.5m | Added +8.9k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 1.2m $8.4m | Reduced -5.1k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.10% of their portfolio | 817.0k $5.9m | New |
| Tejara Capital Ltd 2.47% of their portfolio | 816.1k $5.9m | Reduced -102.7k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 798.8k $5.8m | Reduced -547.9k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 798.6k $5.8m | Added +639.4k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 797.3k $5.8m | Added +375.8k |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 750.0k $5.4m | Added +50.0k |
| Legato Capital Management LLC 0.70% of their portfolio | 742.0k $5.4m | Reduced -1.8k |
| Swiss National Bank 0.00% of their portfolio | 724.5k $5.2m | Added +21.9k |
| Global IMC LLC 1.24% of their portfolio | 710.4k $5.1m | New |
| Alyeska Investment Group, L.P. 0.03% of their portfolio | 652.5k $4.7m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 641.1k $4.6m | Reduced -245.6k |
| FIL Ltd 0.00% of their portfolio | 607.2k $4.4m | Added +178.6k |
| Clearline Capital LP 0.48% of their portfolio | 599.4k $4.3m | Reduced -403.5k |
| Schonfeld Strategic Advisors LLC 0.04% of their portfolio | 595.7k $4.3m | Reduced -350.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 591.7k $4.3m | Added +16.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 576.7k $4.2m | Added +399.5k |
| Informed Momentum Co LLC 0.74% of their portfolio | 576.3k $4.2m | New |
| CM Management, LLC 3.34% of their portfolio | 575.0k $4.2m | Reduced -75.0k |
| BARCLAYS PLC 0.00% of their portfolio | 563.9k $4.1m | Added +450.7k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 558.9k $4.0m | Reduced -733.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 552.8k $4.0m | Added +45.8k |
| 1832 Asset Management L.P. 0.01% of their portfolio | 467.9k $3.4m | Added +36.3k |
| PEAK6 Investments LLC 0.13% of their portfolio | 420.2k $3.0m | Added +274.4k |
| AYAL Capital Advisors Ltd 2.28% of their portfolio | 404.6k $2.9m | First filing |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 401.9k $2.9m | Reduced -169.3k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 401.0k $2.9m | Added +74.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 391.5k $2.8m | Added +74.9k |
| FORMULA GROWTH LTD 0.90% of their portfolio | 389.3k $2.8m | Reduced -99.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 387.5k $2.8m | Added +35.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 373.5k $2.7m | Reduced -9.0k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 367.3k $2.7m | Reduced -50.9k |
| Hudson Bay Capital Management LP 0.02% of their portfolio | 350.0k $2.5m | New |
| Legal & General Group Plc 0.00% of their portfolio | 348.5k $2.5m | Added +58.5k |
| PUTNAM INVESTMENTS LLC 0.00% of their portfolio | 307.5k $2.2m | Reduced -20.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 293.7k $2.1m | Added +28.7k |
| Walleye Capital LLC 0.03% of their portfolio | 290.2k $2.1m | Added +164.0k |
| LEVIN CAPITAL STRATEGIES, L.P. 0.22% of their portfolio | 272.7k $2.0m | Added +4.2k |
| ExodusPoint Capital Management, LP 0.02% of their portfolio | 260.6k $1.9m | Added +70.5k |
| Mork Capital Management, LLC 1.11% of their portfolio | 250.0k $1.8m | Unchanged |
| PDT Partners, LLC 0.19% of their portfolio | 243.5k $1.8m | Unchanged |
| UBS Group AG 0.00% of their portfolio | 229.4k $1.7m | Reduced -29.8k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 225.4k $1.6m | Added +88.8k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 221.1k $1.6m | New |
| M&T Bank Corp 0.01% of their portfolio | 194.7k $1.4m | Added +8.3k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 187.5k $1.4m | Added +22.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 184.9k $1.3m | Added +11.3k |
| ALGERT GLOBAL LLC 0.05% of their portfolio | 182.6k $1.3m | Reduced -126.3k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio | 178.1k $1.3m | Added +21.2k |
| NewEdge Advisors, LLC 0.01% of their portfolio | 177.7k $1.3m | Reduced -2.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 177.1k $1.3m | Added +87.4k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 176.3k $1.3m | Reduced -195 |
| LPL Financial LLC 0.00% of their portfolio | 175.3k $1.3m | Added +23.8k |
| CORNERCAP INVESTMENT COUNSEL INC 0.21% of their portfolio | 174.7k $1.3m | Reduced -39.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 172.5k $1.2m | New |
| O'Brien Greene & Co. Inc 0.43% of their portfolio | 170.0k $1.2m | Unchanged |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.02% of their portfolio | 153.5k $1.1m | Reduced -2.4k |
| Susquehanna Portfolio Strategies, LLC 0.02% of their portfolio | 152.7k $1.1m | First filing |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 152.6k $1.1m | Unchanged |