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 ($13.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.23. Options: 7 managers hold calls ($3.0m notional), 7 hold puts ($3.7m).
Trends to Q2 2025
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 |
| Q4 2024 | 320 |
| Q1 2025 | 335 |
| Q2 2025 | 344 |
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 |
| Q4 2024 | 156 | 143 |
| Q1 2025 | 164 | 144 |
| Q2 2025 | 189 | 146 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $13.4m | $6.2m | 0.46 |
| Q4 2024 | $4.4m | $1.8m | 0.41 |
| Q1 2025 | $5.0m | $1.9m | 0.38 |
| Q2 2025 | $3.0m | $3.7m | 1.24 |
Biggest buyers
| BlackRock, Inc. | Added | +2.9m |
| Nuveen, LLC | Added | +2.6m |
| VANGUARD GROUP INC | Added | +2.3m |
| ROYAL BANK OF CANADA | Added | +2.0m |
| Gillson Capital LP | Added | +1.1m |
| Boston Partners | Added | +1.1m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.0m |
| LAZARD ASSET MANAGEMENT LLC | Added | +853.9k |
| MORGAN STANLEY | Added | +805.4k |
| SOROS FUND MANAGEMENT LLC | Added | +791.8k |
Biggest sellers
| GOLDMAN SACHS GROUP INC | Reduced | -1.8m |
| Philosophy Capital Management LLC | Reduced | -1.2m |
| NORGES BANK | Reduced | -921.8k |
| CITADEL ADVISORS LLC | Reduced | -857.5k |
| D. E. Shaw & Co., Inc. | Reduced | -745.2k |
| BANK OF AMERICA CORP /DE/ | Reduced | -556.8k |
| FMR LLC | Reduced | -517.3k |
| Boussard & Gavaudan Investment Management LLP | Sold out | -488.5k |
| JANE STREET GROUP, LLC | Reduced | -452.8k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -425.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.2m122.0k shares |
| CITADEL ADVISORS LLC | Reduced | $748.8k73.2k shares |
| GROUP ONE TRADING LLC | Added | $338.6k33.1k shares |
| IMC-Chicago, LLC | Reduced | $241.4k23.6k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $211.8k20.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $184.0k18.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| PEAK6 LLC | Added | $2.6m255.0k shares |
| CITADEL ADVISORS LLC | Reduced | $428.6k41.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $396.9k38.8k shares |
| GROUP ONE TRADING LLC | New | $90.0k8.8k shares |
| Walleye Capital LLC | Added | $78.8k7.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $69.0k6.8k 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 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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 1 | — | — |
| Q2 2024 | 0 | — | 1 | $1.4m | — |
| Q3 2024 | 0 | — | 1 | $395.9k | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 1 | $177.3k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-10 | MBANEFO ARTHUR U Director | Sold | $177.3k18.2k 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, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 54.0m $552.5m | Added +2.9m |
| VANGUARD GROUP INC 0.01% of their portfolio | 42.6m $435.5m | Added +2.3m |
| Rubric Capital Management LP 2.80% of their portfolio | 17.0m $174.0m | Reduced -220.8k |
| STATE STREET CORP 0.01% of their portfolio | 14.7m $150.5m | Reduced -113.0k |
| AltraVue Capital, LLC 8.74% of their portfolio | 9.7m $99.5m | Added +107.1k |
| Boston Partners 0.11% of their portfolio | 9.6m $97.5m | Added +1.1m |
| FMR LLC 0.01% of their portfolio | 8.9m $91.4m | Reduced -517.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 8.9m $90.8m | Reduced -65.7k |
| Invesco Ltd. 0.02% of their portfolio | 8.7m $89.4m | Added +429.3k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 7.7m $79.1m | Reduced -184.5k |
| Nuveen, LLC 0.02% of their portfolio | 7.0m $72.1m | Added +2.6m |
| MORGAN STANLEY 0.00% of their portfolio | 5.5m $56.1m | Added +805.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 4.7m $47.8m | Added +3.3k |
| Private Capital Management, LLC 4.30% of their portfolio | 4.1m $42.4m | Added +147.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 3.7m $37.4m | Reduced -34.9k |
| SOROS FUND MANAGEMENT LLC 0.63% of their portfolio | 3.6m $36.9m | Added +791.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 3.3m $33.7m | Reduced -266.4k |
| PRIVATE MANAGEMENT GROUP INC 1.09% of their portfolio | 3.3m $33.5m | Reduced -4.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 3.1m $31.6m | Reduced -556.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 2.9m $29.9m | Reduced -352.5k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.9m $29.3m | Reduced -57.4k |
| Clearbridge Investments, LLC 0.02% of their portfolio | 2.4m $24.6m | Added +502.5k |
| Penn Capital Management Company, LLC 1.99% of their portfolio | 2.2m $23.0m | Added +94 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 2.2m $22.7m | Added +2.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 2.2m $22.0m | Added +2.0m |
| Rockefeller Capital Management L.P. 0.03% of their portfolio | 2.1m $22.0m | Added +119.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.9m $19.7m | Reduced -1.8m |
| Tidal Investments LLC 0.13% of their portfolio | 1.9m $19.4m | Added +101.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 1.8m $18.9m | Reduced -124.3k |
| Gillson Capital LP 1.42% of their portfolio | 1.8m $18.5m | Added +1.1m |
| Philosophy Capital Management LLC 2.32% of their portfolio | 1.8m $18.4m | Reduced -1.2m |
| MUHLENKAMP & CO INC 5.59% of their portfolio | 1.7m $17.9m | Added +15.5k |
| Azora Capital LP 0.80% of their portfolio | 1.7m $17.8m | Added +504.2k |
| O'Keefe Stevens Advisory, Inc. 4.96% of their portfolio | 1.7m $17.6m | Added +41.0k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 1.7m $17.3m | Added +76.3k |
| Capitolis Liquid Global Markets LLC 0.12% of their portfolio | 1.6m $16.2m | Added +717.5k |
| Robertson Stephens Wealth Management, LLC 0.55% of their portfolio | 1.6m $15.9m | Added +15.8k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 1.4m $14.5m | Added +1.0m |
| ALGERT GLOBAL LLC 0.29% of their portfolio | 1.4m $13.9m | Added +709.0k |
| JUPITER ASSET MANAGEMENT LTD 0.12% of their portfolio | 1.3m $13.8m | Reduced -19.3k |
| Public Sector Pension Investment Board 0.06% of their portfolio | 1.3m $13.2m | Added +104.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 1.2m $12.7m | Added +379.5k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 1.2m $12.6m | Reduced -745.2k |
| PANAGORA ASSET MANAGEMENT INC 0.06% of their portfolio | 1.2m $12.3m | Added +20.4k |
| UBS Group AG 0.00% of their portfolio | 1.2m $12.1m | Added +413.7k |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 1.2m $11.8m | Added +22.7k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 1.1m $11.1m | Reduced -357.5k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 1.0m $10.6m | Added +470.4k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 1.0m $10.6m | Added +2.4k |
| Legal & General Group Plc 0.00% of their portfolio | 1.0m $10.4m | Added +39.4k |
| RBF Capital, LLC 0.47% of their portfolio | 928.4k $9.5m | Reduced -40.0k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 909.8k $9.3m | Added +853.9k |
| GARNET EQUITY CAPITAL HOLDINGS, INC. 4.28% of their portfolio | 903.5k $9.2m | Unchanged |
| Legato Capital Management LLC 1.02% of their portfolio | 836.4k $8.6m | Added +3.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 782.0k $8.0m | Reduced -27.6k |
| PDT Partners, LLC 0.45% of their portfolio | 779.0k $8.0m | Added +113.8k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 773.4k $7.9m | Reduced -141.2k |
| BARCLAYS PLC 0.00% of their portfolio | 749.4k $7.7m | Added +241.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 741.7k $7.6m | Added +154.8k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 725.6k $7.4m | Added +98.6k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 717.1k $7.3m | Reduced -425.5k |
| Phocas Financial Corp. 1.01% of their portfolio | 689.4k $7.1m | Added +102 |
| Swiss National Bank 0.00% of their portfolio | 677.7k $6.9m | Reduced -3.8k |
| CIBC WORLD MARKET INC. 0.02% of their portfolio | 670.0k $6.9m | New |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 610.0k $6.2m | Reduced -18.0k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.10% of their portfolio | 556.4k $5.7m | Reduced -1.5k |
| Eisler Capital Management Ltd. 0.18% of their portfolio | 516.2k $5.3m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 506.9k $5.2m | Added +56.5k |
| Hiddenite Capital Partners LP 3.06% of their portfolio | 500.0k $5.1m | Unchanged |
| Jump Financial, LLC 0.06% of their portfolio | 485.1k $5.0m | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 445.8k $4.6m | Reduced -857.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 424.1k $4.3m | Added +490 |
| CITIGROUP INC 0.00% of their portfolio | 391.3k $4.0m | Reduced -168.5k |
| Schonfeld Strategic Advisors LLC 0.03% of their portfolio | 368.7k $3.8m | Reduced -7.7k |
| CM Management, LLC 3.26% of their portfolio | 350.0k $3.6m | Added +50.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 345.4k $3.5m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 340.2k $3.5m | Added +29.5k |
| NORGES BANK 0.00% of their portfolio | 334.2k $3.4m | Reduced -921.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 331.1k $3.4m | Unchanged |
| KENNEDY CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 331.0k $3.4m | Added +5.5k |
| ESSEX INVESTMENT MANAGEMENT CO LLC 0.61% of their portfolio | 326.7k $3.3m | Reduced -2.2k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 322.8k $3.3m | Reduced -19.6k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 317.6k $3.2m | Reduced -452.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 295.3k $3.0m | Reduced -417.1k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 278.5k $2.8m | Added +3.5k |
| Fort Point Capital Partners LLC 0.28% of their portfolio | 273.4k $2.8m | New |
| Mountain Hill Investment Partners Corp. 2.17% of their portfolio | 252.8k $2.6m | Added +127.8k |
| Mork Capital Management, LLC 1.87% of their portfolio | 250.0k $2.6m | Unchanged |
| Prana Capital Management, LP 0.09% of their portfolio | 249.7k $2.6m | Added +23.8k |
| Y-Intercept (Hong Kong) Ltd 0.06% of their portfolio | 237.0k $2.4m | New |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 235.3k $2.4m | Added +105.3k |
| ASHTON THOMAS SECURITIES, LLC 0.57% of their portfolio | 231.9k $2.4m | Unchanged |
| State of Alaska, Department of Revenue 0.02% of their portfolio | 225.2k $2.3m | Added +17.8k |
| Verition Fund Management LLC 0.01% of their portfolio | 224.2k $2.3m | Added +130.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 199.7k $2.0m | Added +37.5k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 198.5k $2.0m | Reduced -18.9k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 196.5k $2.0m | Reduced -15.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 194.5k $2.0m | Reduced -29.4k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 192.8k $2.0m | Added +158.3k |
| Illinois Municipal Retirement Fund 0.03% of their portfolio | 191.9k $2.0m | Reduced -23.9k |