Vault-13

PUTNAM ETF TRUST PBDC

BDC INCOME ETF · ETP · CUSIP 746729508

57 institutional holders +13 vs Q3 2025
2,025,8872.0m shares reported held*
$62.0mreported value*
18 new 18 added 15 reduced 10 sold out net bought ≈ $683.5k (+22.3k 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 ≈ $30.60.

Trends to Q4 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: 41Q3 25: 44Q4 25: 5757Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 202544
Q4 202557

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 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 25Q3 25: 31 bought or addedQ3 25: 10 cut or sold outQ4 25: 36 bought or addedQ4 25: 25 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024236
Q2 20241810
Q3 20241910
Q4 2024258
Q1 20252614
Q2 20252711
Q3 20253110
Q4 20253625

Biggest buyers

CONDOR CAPITAL MANAGEMENT Added +175,321+175.3k
Corient Private Wealth LP Added +96,671+96.7k
Farther Finance Advisors, LLC Added +37,352+37.4k
GoalVest Advisory LLC New +34,218+34.2k
Shade Tree Advisors LLC New +31,700+31.7k
CONFLUENCE INVESTMENT MANAGEMENT LLC New +27,635+27.6k
CASTLEKEEP INVESTMENT ADVISORS LLC New +27,393+27.4k
Samalin Investment Counsel, LLC New +24,418+24.4k
Naviter Wealth, LLC New +19,466+19.5k
Stratos Wealth Partners, LTD. New +15,400+15.4k

Biggest sellers

RAYMOND JAMES FINANCIAL INC Reduced -133,944-133.9k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -109,760-109.8k
NFSG Corp Reduced -57,767-57.8k
Prosperity Financial Group, Inc. Sold out -55,012-55.0k
SMITH, MOORE & CO. Sold out -41,620-41.6k
ROYAL BANK OF CANADA Sold out -26,029-26.0k
Wealthcare Advisory Partners LLC Reduced -23,616-23.6k
Allspring Global Investments Holdings, LLC Sold out -19,400-19.4k
JANE STREET GROUP, LLC Sold out -18,072-18.1k
Steward Partners Investment Advisory, LLC Reduced -16,797-16.8k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CONDOR CAPITAL MANAGEMENT 0.84% of their portfolio MARTINSVILLE, NJ 340,779340.8k $10.4m $10.4m 0.84% Added +175.3k +175,321
2 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 186,284186.3k $5.7m $5.7m 0.00% Added +96.7k +96,671
3 Prota Financial, LLC 3.82% of their portfolio HOUSTON, TX 173,172173.2k $5.3m $5.3m 3.82% First filing
4 Evolution Wealth Advisors, LLC 0.40% of their portfolio AVENTURA, FL 128,400128.4k $3.9m $3.9m 0.40% Reduced -2.5k -2,500
5 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 106,262106.3k $3.3m $3.3m 0.00% Reduced -6.7k -6,660
6 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 88,60688.6k $2.7m $2.7m 0.00% Added +6.1k +6,068
7 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 84,06184.1k $2.6m $2.6m 0.01% Reduced -16.8k -16,797
8 Stonebridge Financial Planning Group, LLC 0.82% of their portfolio ORLANDO, FL 74,64974.6k $2.3m $2.3m 0.82% Reduced -13.7k -13,650
9 Haven Private, LLC 0.80% of their portfolio ORLANDO, FL 59,51559.5k $1.8m $1.8m 0.80% Added +7.4k +7,428
10 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 50,17350.2k $1.5m $1.5m 0.00% Reduced -109.8k -109,760
11 RFG Advisory, LLC 0.03% of their portfolio BIRMINGHAM, AL 46,63946.6k $1.4m $1.4m 0.03% Added +3.4k +3,351
12 Apollon Wealth Management, LLC 0.02% of their portfolio MOUNT PLEASANT, SC 43,21443.2k $1.3m $1.3m 0.02% Added +1.3k +1,346
13 3EDGE Asset Management, LP 0.06% of their portfolio Naples, FL 37,88737.9k $1.2m $1.2m 0.06% Added +4.6k +4,637
14 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 37,65237.7k $1.2m $1.2m 0.01% Added +37.4k +37,352
15 GoalVest Advisory LLC 0.20% of their portfolio New York, NY 34,21834.2k $1.0m $1.0m 0.20% New
16 Shade Tree Advisors LLC 0.74% of their portfolio Saratoga Springs, NY 31,70031.7k $970.0k $970.0k 0.74% New
17 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 30,57330.6k $935.5k $935.5k 0.00% Reduced -133.9k -133,944
18 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 29,52829.5k $903.6k $903.6k 0.00% Added +9.7k +9,672
19 Closed-End Fund Advisors, Inc. 0.51% of their portfolio RICHMOND, VA 28,47628.5k $871.4k $871.4k 0.51% First filing
20 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ST. LOUIS, MO 27,63527.6k $845.6k $845.6k 0.01% New
21 CASTLEKEEP INVESTMENT ADVISORS LLC 0.38% of their portfolio WESTPORT, CT 27,39327.4k $838.2k $838.2k 0.38% New
22 Samalin Investment Counsel, LLC 0.27% of their portfolio CHAPPAQUA, NY 24,41824.4k $747.2k $747.2k 0.27% New
23 Discipline Wealth Solutions, LLC 0.13% of their portfolio GREENVILLE, SC 23,71723.7k $725.7k $725.7k 0.13% Added +4.7k +4,666
24 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 22,74122.7k $695.9k $695.9k 0.00% Added +8.2k +8,180
25 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 22,74122.7k $695.9k $695.9k 0.00% Added +728 +728
26 Naviter Wealth, LLC 0.08% of their portfolio LITTLE ROCK, AR 19,46619.5k $595.7k $595.7k 0.08% New
27 UBS Group AG 0.00% of their portfolio ZURICH, V8 19,44219.4k $594.9k $594.9k 0.00% Added +1.7k +1,691
28 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 18,42918.4k $564.1k $564.1k 0.00% Reduced -14.8k -14,758
29 Pinion Investment Advisors, LLC 0.13% of their portfolio WICHITA, KS 17,20817.2k $526.6k $526.6k 0.13% Reduced -1.6k -1,601
30 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 16,96917.0k $519.3k $519.3k 0.01% Reduced -5.8k -5,780
31 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 15,40015.4k $471.2k $471.2k 0.01% New
32 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 14,98415.0k $458.5k $458.5k 0.01% Reduced -23.6k -23,616
33 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 14,17614.2k $433.8k $433.8k 0.00% Reduced -860 -860
34 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 12,65912.7k $387.4k $387.4k 0.01% Added +10 +10
35 GRIMES & Co WEALTH MANAGEMENT, LLC 0.01% of their portfolio WESTBOROUGH, MA 11,70011.7k $358.0k $358.0k 0.01% New
36 Accurate Wealth Management, LLC 0.04% of their portfolio WESLEY CHAPEL, FL 10,78410.8k $332.3k $332.3k 0.04% New
37 GENTRY PRIVATE WEALTH, LLC 0.20% of their portfolio WICHITA, KS 10,36210.4k $317.1k $317.1k 0.20% New
38 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 10,20010.2k $312.1k $312.1k 0.00% Added +8.2k +8,200
39 Mariner, LLC 0.00% of their portfolio Overland Park, KS 10,00010.0k $306.0k $306.0k 0.00% New
40 Advyzon Investment Management, LLC 0.03% of their portfolio LISLE, IL 9,1669.2k $280.5k $280.5k 0.03% Added +294 +294
41 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 9,1489.1k $279.9k $279.9k 0.00% New
42 FOCUSED ALPHA, LLC 0.08% of their portfolio DENVER, CO 9,0409.0k $276.6k $276.6k 0.08% First filing
43 CWM, LLC 0.00% of their portfolio OMAHA, NE 8,0788.1k $247.0k $247.0k 0.00% Reduced -372 -372
44 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.03% of their portfolio CONCORD, MA 8,0758.1k $247.1k $247.1k 0.03% Reduced -1.1k -1,053
45 GUIDANCE CAPITAL, INC 0.06% of their portfolio LOUSVILLE, KY 7,9628.0k $247.5k $247.5k 0.06% New
46 Encompass More Asset Management 0.04% of their portfolio Danville, CA 6,9837.0k $213.7k $213.7k 0.04% New
47 Miller Global Investments, LLC 0.04% of their portfolio DALLAS, TX 1,4411.4k $44.1k $44.1k 0.04% First filing
48 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 1,0521.1k $32.2k $32.2k 0.00% Unchanged
49 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 1,0001.0k $30.6k $30.6k 0.00% New
50 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 450450 $13.8k $13.8k 0.00% New
51 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 432432 $13.2k $13.2k 0.00% Reduced -57.8k -57,767
52 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 390390 $12.0k $12.0k 0.00% Added +11 +11
53 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 176176 $5.4k $5.4k 0.00% New
54 Roble, Belko & Company, Inc 0.00% of their portfolio SEWICKLEY, PA 140140 $4.0k $4.0k 0.00% New
55 AMERIFLEX GROUP, INC. 0.00% of their portfolio LAS VEGAS, NV 125125 $3.8k $3.8k 0.00% Reduced -125 -125
56 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 99 $304 $304 0.00% Added +1 +1
57 Strive Financial Group ,LLC 0.00% of their portfolio CARMEL, IN 88 $245 $245 0.00% First filing