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 ($867.5k this quarter). Holder counts are more reliable. Shares outstanding: 83.0m as of 2026-07-27, 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 ≈ $8.15. Options: 7 managers hold calls ($10.0m notional), 1 hold puts ($814).
Trends to Q2 2026
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 |
| Q4 2024 | 201 |
| Q1 2025 | 213 |
| Q2 2025 | 211 |
| Q3 2025 | 216 |
| Q4 2025 | 211 |
| Q1 2026 | 211 |
| Q2 2026 | 243 |
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 2024 | 79 | 95 |
| Q4 2024 | 85 | 83 |
| Q1 2025 | 96 | 89 |
| Q2 2025 | 111 | 96 |
| Q3 2025 | 106 | 96 |
| Q4 2025 | 97 | 113 |
| Q1 2026 | 96 | 111 |
| Q2 2026 | 122 | 105 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $5.7m | $284.7k | 0.05 |
| Q4 2025 | $567.7k | $8.0k | 0.01 |
| Q1 2026 | $25.7m | $849 | 0.00 |
| Q2 2026 | $10.0m | $814 | 0.00 |
Biggest buyers
| WATERFALL ASSET MANAGEMENT, LLC | New | +758.0k |
| Nuveen, LLC | Added | +659.8k |
| Qube Research & Technologies Ltd | New | +444.8k |
| GOLDMAN SACHS GROUP INC | Added | +239.9k |
| CITADEL ADVISORS LLC | Added | +226.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +201.8k |
| Almitas Capital LLC | Added | +199.1k |
| MORGAN STANLEY | Added | +171.6k |
| JANE STREET GROUP, LLC | New | +164.7k |
| UBS Group AG | Added | +143.2k |
Biggest sellers
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Reduced | -3.1m |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Reduced | -1.5m |
| GRATIA CAPITAL, LLC | Reduced | -509.3k |
| CONDOR CAPITAL MANAGEMENT | Sold out | -338.3k |
| PRUDENTIAL FINANCIAL INC | Reduced | -258.1k |
| VARCOV Co. | Sold out | -136.9k |
| VANGUARD CAPITAL MANAGEMENT LLC | Reduced | -131.4k |
| BlackRock, Inc. | Reduced | -119.0k |
| VAN ECK ASSOCIATES CORP | Reduced | -116.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Reduced | -107.3k |
Biggest calls
| Caption Management, LLC | Reduced | $3.3m400.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $3.2m394.6k shares |
| CITADEL ADVISORS LLC | Reduced | $2.4m293.2k shares |
| JANE STREET GROUP, LLC | New | $632.5k77.7k shares |
| IMC-Chicago, LLC | New | $420.0k51.6k shares |
| GROUP ONE TRADING LLC | Reduced | $33.4k4.1k shares |
| SIMPLEX TRADING, LLC | Added | $24.4k3.0k shares |
Biggest puts
| SIMPLEX TRADING, LLC | Unchanged | $814100 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 since 1 Apr 2026
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 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 1 | $15.0k | — |
| Q1 2026 | 2 | $289.4k | 0 | — | — |
| Q2 2026 | 1 | $291.6k | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-06-15 | ORTALE BUFORD H Director · By Trust · 7.50% Series E Cumulative Redeemable Preferred Stock | Bought | $291.6k29.6k 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 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 13.0m $105.8m | Reduced -119.0k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 3.4m $27.9m | Reduced -131.4k |
| STATE STREET CORP 0.00% of their portfolio | 3.2m $27.0m | Added +31.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.1m $16.9m | Added +28.5k |
| Invesco Ltd. 0.00% of their portfolio | 1.9m $15.1m | Added +110.9k |
| GRATIA CAPITAL, LLC 16.55% of their portfolio | 1.8m $14.4m | Reduced -509.3k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 1.5m $12.2m | Reduced -290 |
| UBS Group AG 0.00% of their portfolio | 1.3m $11.0m | Added +143.2k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 1.3m $10.4m | Reduced -1.5m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.1m $9.0m | Reduced -107.3k |
| MORGAN STANLEY 0.00% of their portfolio | 1.0m $8.4m | Added +171.6k |
| Nuveen, LLC 0.00% of their portfolio | 825.9k $6.7m | Added +659.8k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 808.5k $6.6m | Reduced -21.8k |
| WATERFALL ASSET MANAGEMENT, LLC 3.78% of their portfolio | 758.0k $6.2m | New |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 706.1k $5.7m | Reduced -116.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 625.0k $5.1m | Reduced -9.4k |
| GABELLI FUNDS LLC 0.03% of their portfolio | 575.9k $4.7m | Added +19.7k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 512.4k $4.2m | Reduced -20.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 505.6k $4.1m | Added +239.9k |
| Mariner, LLC 0.00% of their portfolio | 466.3k $3.8m | Reduced -14.8k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 444.8k $3.6m | New |
| Q Global Advisors, LLC 2.20% of their portfolio | 398.1k $3.2m | Unchanged |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 372.0k $3.0m | Reduced -24.4k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 320.3k $2.6m | Added +226.7k |
| Almitas Capital LLC 0.58% of their portfolio | 298.2k $2.4m | Added +199.1k |
| Orchard Capital Management, LLC 2.39% of their portfolio | 267.9k $2.2m | Added +106.1k |
| XTX Topco Ltd 0.03% of their portfolio | 264.7k $2.2m | Added +483 |
| Public Sector Pension Investment Board 0.01% of their portfolio | 264.4k $2.2m | Reduced -27.4k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 248.9k $2.0m | Added +98.3k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 228.2k $1.9m | Added +79.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 204.2k $1.7m | Added +201.8k |
| GAMCO INVESTORS, INC. ET AL 0.01% of their portfolio | 192.7k $1.6m | Added +3.8k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 190.9k $1.6m | Reduced -40.9k |
| DENALI ADVISORS LLC 0.15% of their portfolio | 180.8k $1.5m | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 180.7k $1.5m | Reduced -13.8k |
| NORGES BANK 0.00% of their portfolio | 179.8k $1.5m | Not comparable |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 164.7k $1.3m | New |
| Swiss National Bank 0.00% of their portfolio | 158.4k $1.3m | Reduced -3.9k |
| EXCHANGE TRADED CONCEPTS, LLC 0.01% of their portfolio | 153.2k $1.2m | Added +4.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 151.7k $1.2m | Added +82.2k |
| Penserra Capital Management LLC 0.01% of their portfolio | 145.2k $1.2m | Added +27.7k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 124.7k $1.0m | Reduced -16.4k |
| JENNISON ASSOCIATES LLC 0.00% of their portfolio | 123.7k $1.0m | Reduced -2.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 121.3k $988.4k | Added +87.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 111.0k $942.5k | Unchanged |
| FINANCIAL MANAGEMENT NETWORK INC 0.12% of their portfolio | 106.6k $869.9k | Reduced -1.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 106.1k $863.5k | Added +38.4k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 104.0k $846.5k | Added +62.5k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 103.9k $846.0k | Reduced -258.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 89.6k $729.7k | Added +13.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 88.1k $717.2k | Reduced -381 |
| CITIGROUP INC 0.00% of their portfolio | 87.0k $707.9k | Added +38.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 83.6k $680.4k | Reduced -41.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 82.8k $674.0k | Added +5.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 81.2k $661.3k | Reduced -956 |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 78.5k $638.8k | Added +22.2k |
| Arax Advisory Partners 0.00% of their portfolio | 77.6k $631.6k | Added +190 |
| KLP KAPITALFORVALTNING AS 0.00% of their portfolio | 77.0k $630.1k | Added +59.4k |
| Cetera Investment Advisers 0.00% of their portfolio | 76.6k $623.1k | Reduced -9.1k |
| Atom Investors LP 0.05% of their portfolio | 75.7k $616.1k | New |
| Jefferies Financial Group Inc. 0.01% of their portfolio | 73.6k $599.4k | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 71.7k $583.4k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 71.6k $582.7k | Added +34.1k |
| Squarepoint Ops LLC 0.00% of their portfolio | 69.3k $563.7k | New |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 65.0k $529.1k | Added +24.9k |
| Y-Intercept (Hong Kong) Ltd 0.01% of their portfolio | 64.2k $522.7k | New |
| LPL Financial LLC 0.00% of their portfolio | 61.0k $496.8k | Added +4.9k |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 59.1k $480.7k | Reduced -19.0k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 58.5k $476.3k | Unchanged |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 57.8k $470.0k | Added +29.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 55.6k $452.3k | Unchanged |
| Waverly Advisors, LLC 0.00% of their portfolio | 55.5k $451.9k | Added +25.5k |
| Klingman & Associates, LLC 0.02% of their portfolio | 52.0k $423.5k | Added +10.3k |
| JUPITER ASSET MANAGEMENT LTD 0.00% of their portfolio | 51.9k $422.2k | Added +31.1k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 50.5k $411.0k | Reduced -3.9k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 50.2k $409.0k | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 50.0k $406.6k | Added +13.8k |
| Magnus Financial Group LLC 0.03% of their portfolio | 48.5k $394.4k | Added +10.0k |
| Abel Hall, LLC 0.07% of their portfolio | 48.0k $390.9k | Added +6.7k |
| Advisor OS, LLC 0.03% of their portfolio | 46.1k $375.5k | Reduced -2.8k |
| Illinois Municipal Retirement Fund 0.00% of their portfolio | 45.4k $369.9k | Added +3.4k |
| ANCHYRA PARTNERS LLC 0.09% of their portfolio | 45.2k $368.0k | New |
| Arkadios Wealth Advisors 0.01% of their portfolio | 44.5k $362.2k | Added +20.6k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 44.3k $360.6k | Reduced -1.9k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 43.3k $352.7k | Added +36.3k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 42.3k $344.6k | New |
| Belpointe Asset Management LLC 0.01% of their portfolio | 40.3k $328.2k | Added +28.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 39.8k $324.0k | Added +3.2k |
| Miller Global Investments, LLC 0.27% of their portfolio | 39.4k $320.9k | Unchanged |
| Fifth Third Wealth Advisors LLC 0.01% of their portfolio | 38.0k $309.0k | New |
| HUB Investment Partners, LLC 0.01% of their portfolio | 37.8k $307.9k | New |
| Jupiter Topco LLC 0.00% of their portfolio | 36.1k $294.2k | First filing |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 35.8k $291.2k | Reduced -3.1m |
| Louisiana State Employees Retirement System 0.00% of their portfolio | 33.7k $274.3k | Reduced -2.5k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 33.2k $270.1k | Reduced -4.5k |
| INDEPENDENT FINANCIAL GROUP, LLC 0.00% of their portfolio | 32.3k $263.3k | Reduced -100.6k |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 32.0k $260.4k | Reduced -1.2k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 31.3k $254.8k | Unchanged |
| Cresset Asset Management, LLC 0.00% of their portfolio | 30.0k $250.0k | Reduced -71 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 28.3k $230.0k | Added +1.3k |