FRANKLIN BSP RLTY TR INC FBRT
COMMON STOCK · REIT · CUSIP 35243J101
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersNew York, NY
- FilingsSEC EDGAR
* 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. Holder counts are more reliable. Shares outstanding: 81.8m as of 2024-10-30, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $13.07. Options: 7 managers hold calls ($5.1m notional), 4 hold puts ($339.3k).
Trends to Q3 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 185 |
| Q4 2022 | 188 |
| Q1 2023 | 178 |
| Q2 2023 | 182 |
| Q3 2023 | 186 |
| Q4 2023 | 183 |
| Q1 2024 | 178 |
| Q2 2024 | 189 |
| Q3 2024 | 188 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 83 | 86 |
| Q1 2023 | 69 | 91 |
| Q2 2023 | 83 | 91 |
| Q3 2023 | 83 | 78 |
| Q4 2023 | 77 | 90 |
| Q1 2024 | 71 | 101 |
| Q2 2024 | 87 | 84 |
| Q3 2024 | 79 | 95 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $1.6m | $17.4k | 0.01 |
| Q1 2024 | $1.2m | $1.4m | 1.13 |
| Q2 2024 | $1.4m | $586.9k | 0.43 |
| Q3 2024 | $5.1m | $339.3k | 0.07 |
Biggest buyers
| VANGUARD GROUP INC | Added | +305.9k |
| 1832 Asset Management L.P. | Added | +300.0k |
| GRATIA CAPITAL, LLC | New | +296.5k |
| Strong Tower Advisory Services | Added | +235.5k |
| CONDOR CAPITAL MANAGEMENT | New | +190.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +117.7k |
| STATE STREET CORP | Added | +116.6k |
| MORGAN STANLEY | Added | +103.6k |
| GOLDMAN SACHS GROUP INC | Added | +69.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +47.6k |
Biggest sellers
| Orchard Capital Management, LLC | Reduced | -553.6k |
| Balyasny Asset Management L.P. | Reduced | -292.1k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -178.7k |
| FJ Capital Management LLC | Sold out | -141.6k |
| JPMORGAN CHASE & CO | Reduced | -137.1k |
| Atom Investors LP | Sold out | -122.5k |
| Bank of New York Mellon Corp | Reduced | -106.6k |
| Jefferies Financial Group Inc. | Reduced | -91.7k |
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -52.6k |
| PRUDENTIAL FINANCIAL INC | Reduced | -40.8k |
Biggest calls
| Squarepoint Ops LLC | New | $1.6m125.0k shares |
| Caption Management, LLC | New | $1.6m125.0k shares |
| CITADEL ADVISORS LLC | Added | $1.3m101.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $279.5k21.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $224.0k17.2k shares |
| GROUP ONE TRADING LLC | Added | $41.8k3.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| MKP Capital Management, L.L.C. | Unchanged | $317.4k24.3k shares |
| CITADEL ADVISORS LLC | Reduced | $20.9k1.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.0k100 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 |
|---|---|
| BlackRock, Inc. 13G · institution -6.1 pts · filed 2026-10-05 | 9.8% |
| 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 CAPITAL 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 | 1 | $36.8k | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
None reported in Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 13.7m $179.3m | First filing |
| VANGUARD GROUP INC 0.00% of their portfolio | 9.2m $120.1m | Added +305.9k |
| STATE STREET CORP 0.00% of their portfolio | 3.4m $45.1m | Added +116.6k |
| Cliffwater LLC 6.63% of their portfolio | 2.2m $28.7m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.9m $25.3m | Added +9.4k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 1.9m $24.2m | Added +54 |
| Invesco Ltd. 0.00% of their portfolio | 1.1m $13.9m | Added +18.5k |
| Strong Tower Advisory Services 3.84% of their portfolio | 1.1m $13.8m | Added +235.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.0m $13.4m | Added +117.7k |
| 1832 Asset Management L.P. 0.02% of their portfolio | 1.0m $13.1m | Added +300.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 816.1k $10.7m | Reduced -13.5k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.02% of their portfolio | 729.2k $9.5m | Added +42.9k |
| MORGAN STANLEY 0.00% of their portfolio | 663.6k $8.7m | Added +103.6k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 621.4k $8.0m | Reduced -38.4k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 602.0k $7.9m | Reduced -653 |
| Bank of New York Mellon Corp 0.00% of their portfolio | 595.6k $7.8m | Reduced -106.6k |
| Mariner, LLC 0.01% of their portfolio | 579.2k $7.6m | Reduced -1.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 385.8k $5.0m | Reduced -52.6k |
| GREAT LAKES ADVISORS, LLC 0.04% of their portfolio | 329.2k $4.3m | Reduced -15.0k |
| GRATIA CAPITAL, LLC 5.53% of their portfolio | 296.5k $3.9m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 289.0k $3.8m | Added +69.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 270.6k $3.5m | Reduced -30.2k |
| INDEPENDENT FINANCIAL GROUP, LLC 0.12% of their portfolio | 256.5k $3.4m | Added +9.8k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 250.4k $3.3m | Reduced -8.6k |
| Legal & General Group Plc 0.00% of their portfolio | 245.3k $3.2m | Reduced -2.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 221.9k $2.9m | Reduced -10.1k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 207.7k $2.7m | Unchanged |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 196.5k $2.6m | Reduced -292.1k |
| CONDOR CAPITAL MANAGEMENT 0.22% of their portfolio | 190.4k $2.5m | New |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 190.3k $2.5m | Reduced -40.8k |
| GABELLI FUNDS LLC 0.02% of their portfolio | 190.0k $2.5m | Added +14.3k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 187.9k $2.5m | Added +13.0k |
| Public Sector Pension Investment Board 0.01% of their portfolio | 173.6k $2.3m | Reduced -6.5k |
| Swiss National Bank 0.00% of their portfolio | 159.8k $2.1m | Reduced -2.2k |
| FINANCIAL MANAGEMENT NETWORK INC 0.40% of their portfolio | 148.5k $1.9m | Reduced -9.5k |
| AXS Investments LLC 0.50% of their portfolio | 143.9k $1.9m | Reduced -11.9k |
| Cetera Investment Advisers 0.00% of their portfolio | 138.6k $1.8m | Added +5.8k |
| BARCLAYS PLC 0.00% of their portfolio | 136.5k $1.8m | Added +24.6k |
| Greenland Capital Management LP 0.32% of their portfolio | 135.0k $1.8m | Reduced -9.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 134.7k $1.8m | Reduced -137.1k |
| UBS Group AG 0.00% of their portfolio | 128.8k $1.7m | Added +31.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 124.1k $1.6m | Added +47.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 110.3k $1.4m | Added +17.9k |
| CITIGROUP INC 0.00% of their portfolio | 109.0k $1.4m | Added +45.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 100.4k $1.3m | Reduced -25.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 96.0k $1.3m | Reduced -1.1k |
| Schechter Investment Advisors, LLC 0.09% of their portfolio | 95.4k $1.2m | Reduced -5.3k |
| Atria Wealth Solutions, Inc. 0.01% of their portfolio | 92.1k $1.2m | Reduced -3.3k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 88.6k $1.2m | Unchanged |
| Jefferies Financial Group Inc. 0.02% of their portfolio | 88.6k $1.2m | Reduced -91.7k |
| RPS ADVISORY SOLUTIONS LLC 0.75% of their portfolio | 79.8k $1.0m | Reduced -1.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 77.4k $1.0m | Reduced -2.7k |
| Penserra Capital Management LLC 0.02% of their portfolio | 77.4k $1.0m | Added +14.4k |
| LPL Financial LLC 0.00% of their portfolio | 68.6k $895.3k | Added +7.9k |
| Arete Wealth Advisors, LLC 0.08% of their portfolio | 67.6k $883.0k | Reduced -6.2k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.00% of their portfolio | 64.4k $841.0k | Reduced -641 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio | 64.3k $825.9k | Reduced -93 |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 64.3k $839.0k | Reduced -3.7k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 59.2k $773.4k | Added +119 |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 59.0k $770.0k | Added +14.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 54.4k $710.0k | Reduced -627 |
| Shorepoint Capital Partners LLC 0.15% of their portfolio | 50.0k $653.0k | Reduced -19.0k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 49.8k $650.9k | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 49.6k $648.3k | Added +10.7k |
| Corebridge Financial, Inc. 0.00% of their portfolio | 47.1k $615.3k | Reduced -500 |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 46.7k $609.0k | Reduced -1.4k |
| Allworth Financial LP 0.00% of their portfolio | 46.7k $609.7k | Reduced -1.1k |
| NFSG Corp 0.21% of their portfolio | 46.3k $604.2k | Reduced -17.4k |
| GAMCO INVESTORS, INC. ET AL 0.01% of their portfolio | 45.9k $599.8k | Added +6.8k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 45.9k $599.1k | Reduced -33.0k |
| Illinois Municipal Retirement Fund 0.01% of their portfolio | 45.3k $591.3k | Added +156 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 42.0k $548.7k | Added +1.5k |
| Creative Planning 0.00% of their portfolio | 41.7k $544.0k | Reduced -1.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 40.2k $525.5k | Reduced -635 |
| Louisiana State Employees Retirement System 0.01% of their portfolio | 39.6k $517.2k | Reduced -1.6k |
| CENTAURUS FINANCIAL, INC. 0.03% of their portfolio | 38.3k $500.0k | Reduced -3.5k |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 38.0k $495.8k | Reduced -2.1k |
| Global Retirement Partners, LLC 0.01% of their portfolio | 37.1k $484.5k | Added +206 |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 36.1k $471.9k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 35.7k $466.0k | Added +6.1k |
| AlphaQuest LLC 0.04% of their portfolio | 35.5k $463.0k | Added +35.4k |
| Caprock Group, LLC 0.02% of their portfolio | 34.3k $460.1k | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 33.0k $431.4k | Reduced -178.7k |
| Klingman & Associates, LLC 0.03% of their portfolio | 32.4k $423.1k | Added +252 |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 32.0k $418.0k | Reduced -4.1k |
| Vestcor Inc 0.01% of their portfolio | 31.3k $409.0k | Unchanged |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 31.3k $408.6k | Reduced -1.5k |
| BECK CAPITAL MANAGEMENT, LLC 0.11% of their portfolio | 30.2k $394.6k | Reduced -4.7k |
| Sterling Capital Management LLC 0.01% of their portfolio | 30.0k $391.3k | First filing |
| Magnus Financial Group LLC 0.04% of their portfolio | 29.6k $386.2k | Unchanged |
| COMERICA BANK 0.00% of their portfolio | 29.5k $385.4k | Reduced -1.5k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 29.3k $382.0k | Reduced -3.3k |
| Orchard Capital Management, LLC 0.13% of their portfolio | 28.5k $372.0k | Reduced -553.6k |
| Maryland State Retirement & Pension System 0.01% of their portfolio | 27.6k $360.9k | Reduced -912 |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.00% of their portfolio | 27.2k $355.0k | Unchanged |
| SEI INVESTMENTS CO 0.00% of their portfolio | 27.0k $352.2k | Added +13 |
| SG Americas Securities, LLC 0.00% of their portfolio | 26.4k $345.0k | New |
| LSV ASSET MANAGEMENT 0.00% of their portfolio | 26.3k $343.0k | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 24.7k $322.1k | Reduced -3.5k |
| AMALGAMATED BANK 0.00% of their portfolio | 24.3k $318.0k | Reduced -730 |