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 ($18.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.18. Options: 8 managers hold calls ($13.4m notional), 12 hold puts ($6.2m).
Trends to Q3 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2023 | 8 |
| Q3 2023 | 212 |
| Q4 2023 | 251 |
| Q1 2024 | 259 |
| Q2 2024 | 282 |
| Q3 2024 | 308 |
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 |
| Q2 2024 | 139 | 119 |
| Q3 2024 | 145 | 128 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $24.8m | $2.9m | 0.12 |
| Q1 2024 | $4.9m | $1.5m | 0.30 |
| Q2 2024 | $9.7m | $2.6m | 0.27 |
| Q3 2024 | $13.4m | $6.2m | 0.46 |
Biggest buyers
| Alua Capital Management LP | Added | +3.1m |
| FMR LLC | Added | +1.9m |
| Invesco Ltd. | Added | +1.7m |
| NEUBERGER BERMAN GROUP LLC | Added | +1.6m |
| GOLDMAN SACHS GROUP INC | Added | +1.3m |
| JPMORGAN CHASE & CO | Added | +1.1m |
| BANK OF AMERICA CORP /DE/ | Added | +677.2k |
| RBF Capital, LLC | Added | +637.0k |
| BARCLAYS PLC | Added | +471.6k |
| Honeycomb Asset Management LP | New | +440.0k |
Biggest sellers
| Philosophy Capital Management LLC | Reduced | -2.5m |
| Rubric Capital Management LP | Reduced | -2.0m |
| J. Goldman & Co LP | Reduced | -1.8m |
| CARDINAL CAPITAL MANAGEMENT LLC /CT | Sold out | -1.4m |
| NORGES BANK | Reduced | -1.1m |
| Boston Partners | Reduced | -1.1m |
| Tejara Capital Ltd | Sold out | -896.5k |
| VANGUARD GROUP INC | Reduced | -842.7k |
| MARSHALL WACE, LLP | Reduced | -737.6k |
| Russell Investments Group, Ltd. | Reduced | -726.4k |
Biggest calls
| Hiddenite Capital Partners LP | Added | $11.0m1.2m shares |
| WOLVERINE TRADING, LLC | New | $898.3k96.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $730.7k79.6k shares |
| GROUP ONE TRADING LLC | Reduced | $302.9k33.0k shares |
| CITADEL ADVISORS LLC | Reduced | $280.9k30.6k shares |
| IMC-Chicago, LLC | Reduced | $204.7k22.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.0k500 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Interval Partners, LP | New | $1.5m161.6k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | New | $1.4m150.0k shares |
| CITADEL ADVISORS LLC | Reduced | $881.3k96.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $624.2k68.0k shares |
| Caption Management, LLC | New | $527.9k57.5k shares |
| PEAK6 Investments LLC | Unchanged | $438.8k47.8k shares |
| IMC-Chicago, LLC | Added | $403.9k44.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $140.3k15.1k shares |
| GROUP ONE TRADING LLC | Added | $124.8k13.6k shares |
| JANE STREET GROUP, LLC | New | $121.2k13.2k 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 Q3 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 |
|---|---|---|---|---|---|
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 1 | — | — |
| Q2 2024 | 0 | — | 1 | $1.4m | — |
| Q3 2024 | 0 | — | 1 | $395.9k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-08-09 | Richards David Director | Sold | $395.9k43.9k 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, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 51.1m $469.4m | First filing |
| VANGUARD GROUP INC 0.01% of their portfolio | 40.7m $373.3m | Reduced -842.7k |
| Rubric Capital Management LP 2.55% of their portfolio | 17.0m $155.8m | Reduced -2.0m |
| STATE STREET CORP 0.01% of their portfolio | 15.0m $137.7m | Added +88.6k |
| FMR LLC 0.01% of their portfolio | 10.4m $95.6m | Added +1.9m |
| AltraVue Capital, LLC 8.22% of their portfolio | 10.0m $91.4m | Reduced -176.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 9.0m $82.4m | Added +39.0k |
| Boston Partners 0.09% of their portfolio | 8.2m $75.5m | Reduced -1.1m |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 7.8m $71.9m | Added +433.4k |
| MORGAN STANLEY 0.00% of their portfolio | 5.7m $52.4m | Reduced -334.6k |
| Invesco Ltd. 0.01% of their portfolio | 5.7m $52.2m | Added +1.7m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 5.6m $51.4m | Added +1.1m |
| Alua Capital Management LP 3.01% of their portfolio | 4.8m $44.5m | Added +3.1m |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 4.7m $43.3m | Reduced -33.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 4.7m $43.3m | Added +6.8k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 3.9m $35.6m | Added +26.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 3.4m $31.2m | Reduced -359.8k |
| Philosophy Capital Management LLC 3.75% of their portfolio | 2.9m $27.0m | Reduced -2.5m |
| Private Capital Management, LLC 2.73% of their portfolio | 2.7m $25.0m | Reduced -29.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 2.6m $24.3m | Reduced -479.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 2.6m $24.0m | Added +1.3m |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 2.2m $20.2m | Reduced -726.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.1m $19.5m | Added +677.2k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 2.1m $19.3m | Added +1.6m |
| PRUDENTIAL FINANCIAL INC 0.03% of their portfolio | 2.1m $18.8m | Reduced -600.9k |
| SOROS FUND MANAGEMENT LLC 0.37% of their portfolio | 2.0m $18.6m | Added +59.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 2.0m $18.6m | Added +75.4k |
| Penn Capital Management Company, LLC 1.64% of their portfolio | 1.9m $17.8m | Added +88.0k |
| PANAGORA ASSET MANAGEMENT INC 0.08% of their portfolio | 1.9m $17.7m | Added +45.8k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 1.9m $17.5m | Unchanged |
| MUHLENKAMP & CO INC 4.87% of their portfolio | 1.7m $15.9m | Reduced -1.5k |
| O'Keefe Stevens Advisory, Inc. 4.40% of their portfolio | 1.6m $14.6m | Added +27.1k |
| GARNET EQUITY CAPITAL HOLDINGS, INC. 9.13% of their portfolio | 1.5m $14.1m | Reduced -200.0k |
| NORGES BANK 0.00% of their portfolio | 1.5m $13.7m | Reduced -1.1m |
| JUPITER ASSET MANAGEMENT LTD 0.12% of their portfolio | 1.5m $13.7m | Reduced -306.5k |
| Robertson Stephens Wealth Management, LLC 0.50% of their portfolio | 1.5m $13.6m | Added +21.9k |
| No Street GP LP 1.01% of their portfolio | 1.4m $13.1m | Reduced -75.0k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 1.1m $10.4m | Reduced -46.1k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 1.1m $10.3m | Reduced -737.6k |
| RBF Capital, LLC 0.48% of their portfolio | 1.0m $9.4m | Added +637.0k |
| Legal & General Group Plc 0.00% of their portfolio | 1.0m $9.3m | Reduced -27.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 930.0k $8.5m | Reduced -104.3k |
| HRT FINANCIAL LP 0.05% of their portfolio | 916.9k $8.4m | Reduced -336.0k |
| Legato Capital Management LLC 0.96% of their portfolio | 844.2k $7.7m | Unchanged |
| Public Sector Pension Investment Board 0.04% of their portfolio | 802.8k $7.4m | Reduced -41.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 798.6k $7.3m | Added +142.1k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.11% of their portfolio | 780.6k $7.2m | Added +61.8k |
| Wolf Hill Capital Management, LP 0.68% of their portfolio | 777.8k $7.1m | Unchanged |
| J. Goldman & Co LP 0.31% of their portfolio | 777.7k $7.1m | Reduced -1.8m |
| Swiss National Bank 0.00% of their portfolio | 711.9k $6.5m | Reduced -6.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 674.1k $6.2m | Reduced -72.0k |
| Global IMC LLC 1.15% of their portfolio | 622.3k $5.7m | Added +3.0k |
| BARCLAYS PLC 0.00% of their portfolio | 611.2k $5.6m | Added +471.6k |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 575.0k $5.3m | Unchanged |
| Interval Partners, LP 0.14% of their portfolio | 529.2k $4.9m | Reduced -578.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 522.1k $4.8m | Added +58.4k |
| CITIGROUP INC 0.00% of their portfolio | 489.8k $4.5m | Added +212.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 483.6k $4.4m | Added +2.5k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 480.2k $4.4m | Reduced -483.8k |
| Honeycomb Asset Management LP 1.59% of their portfolio | 440.0k $4.0m | New |
| Hiddenite Capital Partners LP 3.78% of their portfolio | 400.0k $3.7m | Added +200.0k |
| Trexquant Investment LP 0.05% of their portfolio | 398.9k $3.7m | Reduced -686.8k |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 385.9k $3.5m | Reduced -461.5k |
| Phocas Financial Corp. 0.38% of their portfolio | 369.9k $3.4m | New |
| Shay Capital LLC 0.95% of their portfolio | 350.0k $3.2m | Reduced -680.0k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 349.5k $3.2m | Added +17.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 345.0k $3.2m | Reduced -12.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 340.7k $3.1m | Reduced -146.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 334.9k $3.1m | Unchanged |
| ExodusPoint Capital Management, LP 0.03% of their portfolio | 323.5k $3.0m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 318.9k $2.9m | Reduced -3.0k |
| ESSEX INVESTMENT MANAGEMENT CO LLC 0.50% of their portfolio | 313.1k $2.9m | Added +881 |
| KENNEDY CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 297.7k $2.7m | New |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 297.2k $2.7m | Reduced -21.5k |
| UBS Group AG 0.00% of their portfolio | 292.8k $2.7m | Added +220.8k |
| AlphaQuest LLC 0.23% of their portfolio | 278.8k $2.6m | New |
| CM Management, LLC 2.01% of their portfolio | 275.0k $2.5m | Reduced -50.0k |
| Mork Capital Management, LLC 1.64% of their portfolio | 250.0k $2.3m | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 219.2k $2.0m | Added +187.2k |
| TWINBEECH CAPITAL LP 0.04% of their portfolio | 217.8k $2.0m | New |
| State of Alaska, Department of Revenue 0.02% of their portfolio | 215.9k $2.0m | Reduced -9.5k |
| Illinois Municipal Retirement Fund 0.03% of their portfolio | 212.7k $2.0m | Reduced -10.8k |
| Corebridge Financial, Inc. 0.01% of their portfolio | 209.7k $1.9m | Reduced -5.3k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 205.3k $1.9m | Reduced -7.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 203.9k $1.9m | Reduced -4.0k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 203.9k $1.9m | Reduced -19.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 203.5k $1.9m | Reduced -7.0k |
| LPL Financial LLC 0.00% of their portfolio | 201.3k $1.8m | Reduced -24.8k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 199.3k $1.8m | Added +17.1k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 193.0k $1.8m | New |
| South Dakota Investment Council 0.03% of their portfolio | 191.6k $1.8m | Unchanged |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 187.2k $1.7m | Reduced -6.1k |
| M&T Bank Corp 0.01% of their portfolio | 185.4k $1.7m | Unchanged |
| Louisiana State Employees Retirement System 0.03% of their portfolio | 182.9k $1.7m | Reduced -10.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 177.0k $1.6m | Added +4.8k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 176.7k $1.6m | Added +22.3k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 174.4k $1.6m | Unchanged |
| NewEdge Advisors, LLC 0.01% of their portfolio | 173.5k $1.6m | Reduced -3.4k |
| Prana Capital Management, LP 0.07% of their portfolio | 169.6k $1.6m | Reduced -14.4k |
| BECK CAPITAL MANAGEMENT, LLC 0.42% of their portfolio | 169.3k $1.6m | New |