Vault-13

PUTNAM ETF TRUST PBDC

BDC INCOME ETF · ETP · CUSIP 746729508

41 institutional holders +0 vs Q1 2025
1,601,1721.6m shares reported held*
$54.2mreported value*
5 new 22 added 6 reduced 5 sold out net bought ≈ $8.7m (+256.4k shares)

* 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. Implied quarter-end price ≈ $33.84.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 3Q4 22: 5Q1 23: 6Q2 23: 5Q3 23: 12Q4 23: 19Q1 24: 26Q2 24: 23Q3 24: 29Q4 24: 37Q1 25: 41Q2 25: 4141Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 20223
Q4 20225
Q1 20236
Q2 20235
Q3 202312
Q4 202319
Q1 202426
Q2 202423
Q3 202429
Q4 202437
Q1 202541
Q2 202541

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q3 23: 10 bought or addedQ3 23: 0 cut or sold outQ4 23: 14 bought or addedQ4 23: 2 cut or sold outQ4 23Q1 24: 23 bought or addedQ1 24: 6 cut or sold outQ2 24: 18 bought or addedQ2 24: 10 cut or sold outQ2 24Q3 24: 19 bought or addedQ3 24: 10 cut or sold outQ4 24: 25 bought or addedQ4 24: 8 cut or sold outQ4 24Q1 25: 26 bought or addedQ1 25: 14 cut or sold outQ2 25: 27 bought or addedQ2 25: 11 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023100
Q4 2023142
Q1 2024236
Q2 20241810
Q3 20241910
Q4 2024258
Q1 20252614
Q2 20252711

Biggest buyers

LPL Financial LLC New +81,218+81.2k
RAYMOND JAMES FINANCIAL INC Added +70,913+70.9k
Apollon Wealth Management, LLC New +42,413+42.4k
Steward Partners Investment Advisory, LLC Added +36,444+36.4k
CONDOR CAPITAL MANAGEMENT Added +31,458+31.5k
Corient Private Wealth LP Added +19,087+19.1k
Allspring Global Investments Holdings, LLC Added +9,000+9.0k
NEUBERGER BERMAN GROUP LLC New +6,500+6.5k
Cetera Investment Advisers Added +5,200+5.2k
Wealthcare Advisory Partners LLC Added +4,781+4.8k

Biggest sellers

RFG Advisory, LLC Reduced -26,134-26.1k
INDEPENDENT FINANCIAL GROUP, LLC Reduced -11,542-11.5k
CITADEL ADVISORS LLC Sold out -10,217-10.2k
Brookwood Investment Group LLC Sold out -9,950-9.9k
Able Wealth Management LLC Sold out -8,293-8.3k
Cambridge Investment Research Advisors, Inc. Reduced -7,381-7.4k
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors Reduced -4,423-4.4k
KESTRA PRIVATE WEALTH SERVICES, LLC Reduced -1,670-1.7k
OSAIC HOLDINGS, INC. Reduced -251-251
Sound Income Strategies, LLC Sold out -187-187

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 188,406188.4k $6.4m $6.4m 0.00% Added +70.9k +70,913
2 CONDOR CAPITAL MANAGEMENT 0.47% of their portfolio MARTINSVILLE, NJ 159,241159.2k $5.4m $5.4m 0.47% Added +31.5k +31,458
3 Evolution Wealth Advisors, LLC 0.66% of their portfolio AVENTURA, FL 132,620132.6k $4.5m $4.5m 0.66% Unchanged
4 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 102,462102.5k $3.5m $3.5m 0.00% Added +3.0k +3,008
5 Steward Partners Investment Advisory, LLC 0.03% of their portfolio STAMFORD, CT 96,47596.5k $3.3m $3.3m 0.03% Added +36.4k +36,444
6 Stonebridge Financial Planning Group, LLC 1.24% of their portfolio ORLANDO, FL 87,44587.4k $3.0m $3.0m 1.24% Added +1.5k +1,543
7 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 81,21881.2k $2.7m $2.7m 0.00% New
8 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 81,11581.1k $2.7m $2.7m 0.00% Added +19.1k +19,087
9 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 60,06360.1k $2.0m $2.0m 0.01% Added +2.2k +2,224
10 NFSG Corp 0.32% of their portfolio BOCA RATON, FL 57,69657.7k $2.0m $2.0m 0.32% Added +1.4k +1,354
11 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 53,97754.0k $1.8m $1.8m 0.00% Added +5.2k +5,200
12 Prosperity Financial Group, Inc. 0.70% of their portfolio San Ramon, CA 48,53048.5k $1.6m $1.6m 0.70% Added +3.8k +3,810
13 INDEPENDENT FINANCIAL GROUP, LLC 0.04% of their portfolio SAN DIEGO, CA 46,29446.3k $1.6m $1.6m 0.04% Reduced -11.5k -11,542
14 Wealthcare Advisory Partners LLC 0.03% of their portfolio WEST CHESTER, PA 42,44642.4k $1.4m $1.4m 0.03% Added +4.8k +4,781
15 Apollon Wealth Management, LLC 0.03% of their portfolio MOUNT PLEASANT, SC 42,41342.4k $1.4m $1.4m 0.03% New
16 SMITH, MOORE & CO. 0.11% of their portfolio CLAYTON, MO 40,29840.3k $1.4m $1.4m 0.11% Added +1.8k +1,787
17 3EDGE Asset Management, LP 0.07% of their portfolio Naples, FL 33,43533.4k $1.1m $1.1m 0.07% Added +1.5k +1,531
18 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 26,50226.5k $897.8k $897.8k 0.00% Reduced -251 -251
19 RFG Advisory, LLC 0.02% of their portfolio BIRMINGHAM, AL 26,23126.2k $887.7k $887.7k 0.02% Reduced -26.1k -26,134
20 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 24,45824.5k $828.0k $828.0k 0.00% Reduced -7.4k -7,381
21 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 19,85619.9k $671.9k $671.9k 0.00% Unchanged
22 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 18,40018.4k $622.7k $622.7k 0.00% Added +9.0k +9,000
23 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 17,26217.3k $584.2k $584.2k 0.00% Added +1.2k +1,228
24 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 15,03615.0k $508.8k $508.8k 0.00% Added +1.2k +1,245
25 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 13,48713.5k $456.0k $456.0k 0.00% Added +583 +583
26 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 12,24412.2k $414.3k $414.3k 0.01% Added +1.5k +1,469
27 GUIDANCE CAPITAL, INC 0.11% of their portfolio LOUSVILLE, KY 11,34611.3k $379.0k $379.0k 0.11% Added +4.4k +4,415
28 PRINCIPAL SECURITIES, INC. 0.01% of their portfolio DES MOINES, IA 11,06311.1k $374.4k $374.4k 0.01% Added +1.9k +1,921
29 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 10,16310.2k $343.9k $343.9k 0.00% Reduced -1.7k -1,670
30 CWM, LLC 0.00% of their portfolio OMAHA, NE 9,1639.2k $310.0k $310.0k 0.00% Added +250 +250
31 Advyzon Investment Management, LLC 0.06% of their portfolio LISLE, IL 7,9107.9k $267.7k $267.7k 0.06% Added +186 +186
32 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.04% of their portfolio CONCORD, MA 7,6007.6k $257.2k $257.2k 0.04% Reduced -4.4k -4,423
33 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 6,5006.5k $220.0k $220.0k 0.00% New
34 COMERICA BANK 0.00% of their portfolio DALLAS, TX 3,4003.4k $115.1k $115.1k 0.00% Unchanged
35 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,3892.4k $80.8k $80.8k 0.00% Unchanged
36 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 2,0002.0k $67.7k $67.7k 0.00% New
37 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 1,0521.1k $35.0k $35.0k 0.00% Unchanged
38 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 850850 $28.8k $28.8k 0.00% New
39 AMERIFLEX GROUP, INC. 0.00% of their portfolio LAS VEGAS, NV 125125 $4.2k $4.2k 0.00% Unchanged
40 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 11 $60 $60 0.00% Unchanged
41 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged