Vault-13

PUTNAM ETF TRUST PBDC

BDC INCOME ETF · ETP · CUSIP 746729508

58 institutional holders +1 vs Q4 2025
2,293,0712.3m shares reported held*
$63.2mreported value*
15 new 19 added 21 reduced 15 sold out net bought ≈ $1.4m (+51.5k 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 ≈ $27.57.

Trends to Q1 2026

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: 57Q1 26: 5858Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 202658

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 24: 18 bought or addedQ2 24: 10 cut or sold outQ3 24: 19 bought or addedQ3 24: 10 cut or sold outQ3 24Q4 24: 25 bought or addedQ4 24: 8 cut or sold outQ1 25: 26 bought or addedQ1 25: 14 cut or sold outQ1 25Q2 25: 27 bought or addedQ2 25: 11 cut or sold outQ3 25: 31 bought or addedQ3 25: 10 cut or sold outQ3 25Q4 25: 36 bought or addedQ4 25: 25 cut or sold outQ1 26: 34 bought or addedQ1 26: 36 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20241810
Q3 20241910
Q4 2024258
Q1 20252614
Q2 20252711
Q3 20253110
Q4 20253625
Q1 20263436

Biggest buyers

Clark Capital Management Group, Inc. New +195,437+195.4k
ENVESTNET ASSET MANAGEMENT INC Added +125,906+125.9k
Cetera Investment Advisers Added +111,763+111.8k
NewEdge Advisors, LLC New +66,469+66.5k
PRINCIPAL SECURITIES, INC. New +14,634+14.6k
Cambridge Investment Research Advisors, Inc. New +8,937+8.9k
INDEPENDENT FINANCIAL GROUP, LLC Added +8,581+8.6k
Prota Financial, LLC Added +7,593+7.6k
Naviter Wealth, LLC Added +5,221+5.2k
Haven Private, LLC Added +4,983+5.0k

Biggest sellers

Corient Private Wealth LP Reduced -103,480-103.5k
Stonebridge Financial Planning Group, LLC Sold out -74,649-74.6k
Steward Partners Investment Advisory, LLC Reduced -43,414-43.4k
3EDGE Asset Management, LP Sold out -37,887-37.9k
Shade Tree Advisors LLC Sold out -31,700-31.7k
CONFLUENCE INVESTMENT MANAGEMENT LLC Sold out -27,635-27.6k
CASTLEKEEP INVESTMENT ADVISORS LLC Sold out -27,393-27.4k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -15,997-16.0k
Stratos Wealth Partners, LTD. Sold out -15,400-15.4k
CONDOR CAPITAL MANAGEMENT Reduced -13,601-13.6k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CONDOR CAPITAL MANAGEMENT 0.75% of their portfolio MARTINSVILLE, NJ 327,178327.2k $9.0m $9.0m 0.75% Reduced -13.6k -13,601
2 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 218,025218.0k $6.0m $6.0m 0.01% Added +111.8k +111,763
3 LexAurum Advisors, LLC 0.77% of their portfolio OVERLAND PARK, KS 215,712215.7k $5.9m $5.9m 0.77% First filing
4 Clark Capital Management Group, Inc. 0.03% of their portfolio PHILADELPHIA, PA 195,437195.4k $5.4m $5.4m 0.03% New
5 Prota Financial, LLC 3.61% of their portfolio HOUSTON, TX 180,765180.8k $5.0m $5.0m 3.61% Added +7.6k +7,593
6 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 148,647148.6k $4.1m $4.1m 0.00% Added +125.9k +125,906
7 Evolution Wealth Advisors, LLC 0.35% of their portfolio AVENTURA, FL 125,070125.1k $3.4m $3.4m 0.35% Reduced -3.3k -3,330
8 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 91,43591.4k $2.5m $2.5m 0.00% Added +2.8k +2,829
9 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 82,80482.8k $2.3m $2.3m 0.00% Reduced -103.5k -103,480
10 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 66,46966.5k $1.8m $1.8m 0.01% New
11 Haven Private, LLC 0.77% of their portfolio ORLANDO, FL 64,49864.5k $1.8m $1.8m 0.77% Added +5.0k +4,983
12 RFG Advisory, LLC 0.02% of their portfolio BIRMINGHAM, AL 47,10347.1k $1.3m $1.3m 0.02% Added +464 +464
13 Apollon Wealth Management, LLC 0.02% of their portfolio MOUNT PLEASANT, SC 44,02244.0k $1.2m $1.2m 0.02% Added +808 +808
14 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 40,64740.6k $1.1m $1.1m 0.01% Reduced -43.4k -43,414
15 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 38,86138.9k $1.1m $1.1m 0.01% Added +1.2k +1,209
16 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 34,17634.2k $942.6k $942.6k 0.00% Reduced -16.0k -15,997
17 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 33,32233.3k $919.0k $919.0k 0.00% Added +3.8k +3,794
18 GoalVest Advisory LLC 0.16% of their portfolio New York, NY 30,21830.2k $833.4k $833.4k 0.16% Reduced -4.0k -4,000
19 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 29,44229.4k $812.0k $812.0k 0.00% Reduced -1.1k -1,131
20 Closed-End Fund Advisors, Inc. 0.79% of their portfolio RICHMOND, VA 28,04328.0k $773.4k $773.4k 0.79% Reduced -433 -433
21 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 25,55025.6k $704.7k $704.7k 0.02% Added +8.6k +8,581
22 Naviter Wealth, LLC 0.09% of their portfolio LITTLE ROCK, AR 24,68724.7k $680.9k $680.9k 0.09% Added +5.2k +5,221
23 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 17,51417.5k $483.0k $483.0k 0.01% Added +2.5k +2,530
24 Discipline Wealth Solutions, LLC 0.04% of their portfolio GREENVILLE, SC 15,40815.4k $424.9k $424.9k 0.04% Reduced -8.3k -8,309
25 PRINCIPAL SECURITIES, INC. 0.01% of their portfolio DES MOINES, IA 14,63414.6k $403.6k $403.6k 0.01% New
26 Pinion Investment Advisors, LLC 0.09% of their portfolio WICHITA, KS 14,56514.6k $401.7k $401.7k 0.09% Reduced -2.6k -2,643
27 Samalin Investment Counsel, LLC 0.14% of their portfolio CHAPPAQUA, NY 14,04714.0k $387.4k $387.4k 0.14% Reduced -10.4k -10,371
28 UBS Group AG 0.00% of their portfolio ZURICH, V8 13,28613.3k $366.4k $366.4k 0.00% Reduced -6.2k -6,156
29 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 13,20913.2k $364.3k $364.3k 0.00% Reduced -967 -967
30 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 11,40011.4k $314.4k $314.4k 0.00% Added +1.2k +1,200
31 Advyzon Investment Management, LLC 0.03% of their portfolio LISLE, IL 10,25110.3k $282.7k $282.7k 0.03% Added +1.1k +1,085
32 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 10,04310.0k $277.0k $277.0k 0.00% Added +895 +895
33 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 9,8359.8k $271.2k $271.2k 0.00% Reduced -12.9k -12,906
34 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 9,6989.7k $267.6k $267.6k 0.00% Reduced -8.7k -8,731
35 GENTRY PRIVATE WEALTH, LLC 0.16% of their portfolio WICHITA, KS 9,5339.5k $262.9k $262.9k 0.16% Reduced -829 -829
36 FOCUSED ALPHA, LLC 0.08% of their portfolio DENVER, CO 8,9609.0k $247.1k $247.1k 0.08% Reduced -80 -80
37 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 8,9378.9k $246.0k $246.0k 0.00% New
38 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.03% of their portfolio CONCORD, MA 7,9087.9k $218.1k $218.1k 0.03% Reduced -167 -167
39 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 3,7903.8k $104.5k $104.5k 0.00% Added +3.4k +3,400
40 CWM, LLC 0.00% of their portfolio OMAHA, NE 2,3782.4k $65.6k $65.6k 0.00% Reduced -5.7k -5,700
41 Miller Global Investments, LLC 0.03% of their portfolio DALLAS, TX 1,3451.3k $37.1k $37.1k 0.03% Reduced -96 -96
42 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 1,1411.1k $31.5k $31.5k 0.00% Added +89 +89
43 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 1,0001.0k $27.6k $27.6k 0.00% Unchanged
44 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 510510 $14.1k $14.1k 0.00% Added +60 +60
45 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 484484 $13.3k $13.3k 0.00% New
46 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 339339 $9.0k $9.0k 0.00% New
47 Roble, Belko & Company, Inc 0.00% of their portfolio SEWICKLEY, PA 148148 $4.0k $4.0k 0.00% Added +8 +8
48 Signature Equity Partners, LLC 0.00% of their portfolio COLUMBUS, OH 137137 $3.8k $3.8k 0.00% New
49 AMERIFLEX GROUP, INC. 0.00% of their portfolio LAS VEGAS, NV 125125 $3.4k $3.4k 0.00% Unchanged
50 Cornerstone Planning Group LLC 0.00% of their portfolio FAIRFIELD, NJ 8181 $2.3k $2.3k 0.00% New
51 BROWN, LISLE/CUMMINGS, INC. 0.00% of their portfolio PROVIDENCE, RI 7575 $2.1k $2.1k 0.00% New
52 Legacy Wealth Managment, LLC/ID 0.00% of their portfolio BOISE, ID 6767 $1.8k $1.8k 0.00% New
53 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 4848 $1.3k $1.3k 0.00% New
54 Park Square Financial Group, LLC 0.00% of their portfolio ROSWELL, GA 2121 $579 $579 0.00% New
55 Osbon Capital Management LLC 0.00% of their portfolio BOSTON, MA 1919 $524 $524 0.00% New
56 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 1212 $331 $331 0.00% New
57 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 88 $221 $221 0.00% Reduced -1 -1
58 Strategic Wealth Partners, Ltd. 0.00% of their portfolio INDEPENDENCE, OH 44 $110 $110 0.00% New