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 ($8.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $7.77. Options: 9 managers hold calls ($4.9m notional), 7 hold puts ($1.5m).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2023 | 8 |
| Q3 2023 | 212 |
| Q4 2023 | 251 |
| Q1 2024 | 259 |
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 |
| Q1 2024 | 137 | 117 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $0 | $0 | — |
| Q3 2023 | $10.7m | $2.1m | 0.20 |
| Q4 2023 | $24.8m | $2.9m | 0.12 |
| Q1 2024 | $4.9m | $1.5m | 0.30 |
Biggest buyers
| BlackRock Inc. | Added | +19.8m |
| STATE STREET CORP | Added | +6.1m |
| VANGUARD GROUP INC | Added | +5.4m |
| HRT FINANCIAL LP | New | +4.3m |
| PRINCIPAL FINANCIAL GROUP INC | Added | +2.7m |
| MORGAN STANLEY | Added | +2.0m |
| Russell Investments Group, Ltd. | Added | +1.7m |
| Boston Partners | Added | +1.7m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.4m |
| Bank of New York Mellon Corp | Added | +1.3m |
Biggest sellers
| Weiss Multi-Strategy Advisers LLC | Sold out | -3.6m |
| Shay Capital LLC | Sold out | -2.5m |
| CARDINAL CAPITAL MANAGEMENT LLC /CT | Reduced | -2.2m |
| Wolf Hill Capital Management, LP | Reduced | -2.0m |
| Boussard & Gavaudan Investment Management LLP | Reduced | -1.9m |
| Azora Capital LP | Sold out | -1.7m |
| JPMORGAN CHASE & CO | Reduced | -1.6m |
| Philosophy Capital Management LLC | Reduced | -1.6m |
| Rubric Capital Management LP | Reduced | -1.0m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -996.7k |
Biggest calls
| Caption Management, LLC | Added | $2.4m304.0k shares |
| PEAK6 Investments LLC | Added | $1.1m135.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $491.1k63.2k shares |
| CITADEL ADVISORS LLC | Reduced | $378.4k48.7k shares |
| GROUP ONE TRADING LLC | Reduced | $282.8k36.4k shares |
| JANE STREET GROUP, LLC | New | $110.3k14.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $106.0k13.7k shares |
| WOLVERINE TRADING, LLC | Reduced | $84.7k10.9k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $607.6k78.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $361.3k46.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $159.3k20.5k shares |
| SIMPLEX TRADING, LLC | Added | $130.0k16.8k shares |
| JANE STREET GROUP, LLC | New | $119.7k15.4k shares |
| GROUP ONE TRADING LLC | Reduced | $77.7k10.0k 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 Q1 2024
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 1 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-01-02 | MERKEL STEPHEN M EVP and General Counsel | Sold | —136.9k shares |
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, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 47.2m $366.4m | Added +19.8m |
| VANGUARD GROUP INC 0.01% of their portfolio | 42.4m $329.7m | Added +5.4m |
| Rubric Capital Management LP 4.36% of their portfolio | 19.0m $147.6m | Reduced -1.0m |
| MORGAN STANLEY 0.00% of their portfolio | 15.6m $121.6m | Added +2.0m |
| STATE STREET CORP 0.01% of their portfolio | 14.6m $113.2m | Added +6.1m |
| AltraVue Capital, LLC 8.57% of their portfolio | 10.2m $79.1m | Reduced -56.4k |
| FMR LLC 0.01% of their portfolio | 10.0m $77.5m | Added +1.2m |
| Boston Partners 0.08% of their portfolio | 9.1m $71.1m | Added +1.7m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 8.4m $65.2m | Added +224.0k |
| CARDINAL CAPITAL MANAGEMENT LLC /CT 2.89% of their portfolio | 7.4m $57.5m | Reduced -2.2m |
| Philosophy Capital Management LLC 10.92% of their portfolio | 7.2m $55.8m | Reduced -1.6m |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 7.0m $54.6m | Added +228.9k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 4.9m $37.7m | Reduced -111.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 4.6m $35.4m | Added +34.2k |
| HRT FINANCIAL LP 0.21% of their portfolio | 4.3m $33.8m | New |
| NORTHERN TRUST CORP 0.01% of their portfolio | 4.0m $31.0m | Added +226.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 4.0m $30.9m | Reduced -1.6m |
| PRUDENTIAL FINANCIAL INC 0.04% of their portfolio | 3.6m $28.3m | Reduced -499.3k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 3.5m $27.2m | Added +1.3m |
| NORGES BANK 0.00% of their portfolio | 2.9m $22.7m | Reduced -872.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 2.8m $21.7m | Added +2.7m |
| Private Capital Management, LLC 2.43% of their portfolio | 2.8m $21.6m | Reduced -8.0k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 2.5m $19.4m | Added +1.7m |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 2.0m $15.2m | Added +1.4m |
| SOROS FUND MANAGEMENT LLC 0.35% of their portfolio | 2.0m $15.2m | Reduced -359.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 1.8m $14.3m | Reduced -105.6k |
| JUPITER ASSET MANAGEMENT LTD 0.13% of their portfolio | 1.8m $14.1m | Reduced -499.3k |
| PANAGORA ASSET MANAGEMENT INC 0.07% of their portfolio | 1.8m $14.0m | Reduced -47.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.8m $13.9m | Added +1.2m |
| GARNET EQUITY CAPITAL HOLDINGS, INC. 11.73% of their portfolio | 1.8m $13.8m | Added +560.0k |
| Penn Capital Management Company, LLC 1.21% of their portfolio | 1.8m $13.7m | Reduced -100.3k |
| MUHLENKAMP & CO INC 3.92% of their portfolio | 1.7m $13.5m | Added +23.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.7m $12.8m | Added +477.2k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 1.6m $12.6m | Added +358.5k |
| Invesco Ltd. 0.00% of their portfolio | 1.6m $12.3m | Added +153.6k |
| O'Keefe Stevens Advisory, Inc. 3.88% of their portfolio | 1.5m $11.8m | Added +9.3k |
| Robertson Stephens Wealth Management, LLC 0.61% of their portfolio | 1.4m $11.1m | Added +32.8k |
| No Street GP LP 0.96% of their portfolio | 1.4m $11.0m | Added +14.6k |
| Bridgewater Associates, LP 0.05% of their portfolio | 1.3m $9.9m | New |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 1.1m $8.8m | Added +908.3k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 1.1m $8.7m | Added +570.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 1.1m $8.5m | New |
| Schonfeld Strategic Advisors LLC 0.07% of their portfolio | 1.1m $8.5m | Added +499.7k |
| Trexquant Investment LP 0.16% of their portfolio | 1.1m $8.2m | Added +1.0m |
| Legal & General Group Plc 0.00% of their portfolio | 1.0m $8.2m | Added +700.9k |
| RBF Capital, LLC 0.46% of their portfolio | 1.0m $8.1m | Reduced -194.6k |
| Legato Capital Management LLC 0.79% of their portfolio | 844.2k $6.6m | Added +102.2k |
| Tejara Capital Ltd 2.42% of their portfolio | 841.5k $6.5m | Added +25.4k |
| Interval Partners, LP 0.23% of their portfolio | 798.9k $6.2m | Reduced -387.8k |
| Public Sector Pension Investment Board 0.04% of their portfolio | 792.8k $6.2m | New |
| Wolf Hill Capital Management, LP 0.40% of their portfolio | 777.8k $6.0m | Reduced -2.0m |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 772.9k $6.0m | Reduced -25.7k |
| Boussard & Gavaudan Investment Management LLP 0.83% of their portfolio | 749.3k $5.8m | Reduced -1.9m |
| THOMPSON SIEGEL & WALMSLEY LLC 0.09% of their portfolio | 743.6k $5.8m | Reduced -73.4k |
| Swiss National Bank 0.00% of their portfolio | 724.5k $5.6m | Unchanged |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 700.0k $5.4m | Reduced -50.0k |
| Alyeska Investment Group, L.P. 0.03% of their portfolio | 652.5k $5.1m | Unchanged |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 648.0k $5.0m | Added +6.9k |
| Global IMC LLC 1.11% of their portfolio | 619.3k $4.8m | Reduced -91.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 501.9k $3.9m | Added +329.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 490.9k $3.8m | Reduced -996.7k |
| FIL Ltd 0.00% of their portfolio | 453.0k $3.5m | Reduced -154.2k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 408.3k $3.2m | Added +7.2k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 407.5k $3.2m | Reduced -762.1k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 400.0k $3.1m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 389.9k $3.0m | Reduced -1.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 380.5k $3.0m | Added +7.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 367.3k $2.9m | Reduced -20.3k |
| Hudson Bay Capital Management LP 0.02% of their portfolio | 350.0k $2.7m | Unchanged |
| 1832 Asset Management L.P. 0.00% of their portfolio | 349.9k $2.7m | Reduced -118.0k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 339.9k $2.6m | Added +118.8k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.02% of their portfolio | 338.5k $2.6m | New |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 335.5k $2.6m | New |
| BARCLAYS PLC 0.00% of their portfolio | 325.4k $2.5m | Reduced -238.5k |
| CM Management, LLC 2.12% of their portfolio | 325.0k $2.5m | Reduced -250.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 306.9k $2.4m | Added +13.2k |
| Mork Capital Management, LLC 1.46% of their portfolio | 250.0k $1.9m | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 248.8k $1.9m | Added +167.0k |
| State of Alaska, Department of Revenue 0.02% of their portfolio | 235.6k $1.8m | New |
| ESSEX INVESTMENT MANAGEMENT CO LLC 0.36% of their portfolio | 235.2k $1.8m | New |
| LPL Financial LLC 0.00% of their portfolio | 232.3k $1.8m | Added +57.0k |
| UBS Group AG 0.00% of their portfolio | 225.4k $1.8m | Reduced -4.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 217.7k $1.7m | Added +129.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 204.0k $1.6m | Added +19.1k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio | 194.5k $1.5m | Added +16.4k |
| M&T Bank Corp 0.01% of their portfolio | 194.3k $1.5m | Reduced -339 |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 193.3k $1.5m | New |
| Louisiana State Employees Retirement System 0.03% of their portfolio | 191.6k $1.5m | New |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.07% of their portfolio | 183.7k $1.4m | New |
| MetLife Investment Management, LLC 0.01% of their portfolio | 181.9k $1.4m | Reduced -5.6k |
| NewEdge Advisors, LLC 0.01% of their portfolio | 177.6k $1.4m | Reduced -22 |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 176.3k $1.4m | Added +8 |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 174.8k $1.4m | New |
| COMERICA BANK 0.01% of their portfolio | 166.5k $1.3m | Added +159.1k |
| LEVIN CAPITAL STRATEGIES, L.P. 0.12% of their portfolio | 155.4k $1.2m | Reduced -117.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 153.7k $1.2m | Added +121.6k |
| O'Brien Greene & Co. Inc 0.39% of their portfolio | 153.0k $1.2m | Reduced -17.0k |
| Susquehanna Portfolio Strategies, LLC 0.03% of their portfolio | 152.7k $1.2m | Unchanged |
| Legacy Capital Group California, Inc. 0.41% of their portfolio | 142.5k $1.1m | Reduced -3.8k |
| Maryland State Retirement & Pension System 0.02% of their portfolio | 139.4k $1.0m | New |