Vault-13

PUTNAM ETF TRUST PBDC

BDC INCOME ETF · ETP · CUSIP 746729508

64 institutional holders +6 vs Q1 2026
2,835,3612.8m shares reported held*
$77.2mreported value*
15 new 28 added 15 reduced 8 sold out net bought ≈ $14.8m (+543.8k 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 ≈ $27.22.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q3 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: 58Q2 26: 6464Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 202664

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 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 25Q1 26: 34 bought or addedQ1 26: 36 cut or sold outQ2 26: 43 bought or addedQ2 26: 23 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241910
Q4 2024258
Q1 20252614
Q2 20252711
Q3 20253110
Q4 20253625
Q1 20263436
Q2 20264323

Biggest buyers

Russell Investments Group, Ltd. New +359,661+359.7k
Brookwood Investment Group LLC New +40,065+40.1k
Almanack Investment Partners, LLC. New +39,748+39.7k
Kathmere Capital Management, LLC New +33,516+33.5k
Beaumont Financial Advisors, LLC New +26,698+26.7k
Corient Private Wealth LP Added +26,108+26.1k
Stratos Wealth Partners, LTD. New +23,585+23.6k
TWO SIGMA INVESTMENTS, LP New +21,000+21.0k
Closed-End Fund Advisors, Inc. Added +19,773+19.8k
Cetera Investment Advisers Added +18,457+18.5k

Biggest sellers

Farther Finance Advisors, LLC Reduced -38,641-38.6k
GoalVest Advisory LLC Sold out -30,218-30.2k
BROWN ADVISORY INC Reduced -18,720-18.7k
RAYMOND JAMES FINANCIAL INC Reduced -15,300-15.3k
Pinion Investment Advisors, LLC Sold out -14,565-14.6k
INDEPENDENT FINANCIAL GROUP, LLC Reduced -13,516-13.5k
D.A. DAVIDSON & CO. Sold out -13,209-13.2k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -12,267-12.3k
Steward Partners Investment Advisory, LLC Reduced -10,278-10.3k
GENTRY PRIVATE WEALTH, LLC Sold out -9,533-9.5k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 359,661359.7k $9.8m $9.8m 0.01% New
2 CONDOR CAPITAL MANAGEMENT 0.67% of their portfolio MARTINSVILLE, NJ 326,738326.7k $8.9m $8.9m 0.67% Reduced -440 -440
3 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 236,482236.5k $6.4m $6.4m 0.01% Added +18.5k +18,457
4 LexAurum Advisors, LLC 0.72% of their portfolio OVERLAND PARK, KS 230,340230.3k $6.3m $6.3m 0.72% Added +14.6k +14,628
5 Clark Capital Management Group, Inc. 0.03% of their portfolio PHILADELPHIA, PA 204,640204.6k $5.6m $5.6m 0.03% Added +9.2k +9,203
6 Prota Financial, LLC 3.53% of their portfolio HOUSTON, TX 195,691195.7k $5.4m $5.4m 3.53% Added +14.9k +14,926
7 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 149,413149.4k $4.1m $4.1m 0.00% Added +766 +766
8 Evolution Wealth Advisors, LLC 0.39% of their portfolio AVENTURA, FL 123,700123.7k $3.4m $3.4m 0.39% Reduced -1.4k -1,370
9 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 108,912108.9k $3.0m $3.0m 0.00% Added +26.1k +26,108
10 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 91,46291.5k $2.5m $2.5m 0.00% Added +27 +27
11 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 77,12477.1k $2.1m $2.1m 0.01% Added +10.7k +10,655
12 Apollon Wealth Management, LLC 0.02% of their portfolio MOUNT PLEASANT, SC 57,25257.3k $1.6m $1.6m 0.02% Added +13.2k +13,230
13 Haven Private, LLC 0.57% of their portfolio ORLANDO, FL 54,98355.0k $1.5m $1.5m 0.57% Reduced -9.5k -9,515
14 RFG Advisory, LLC 0.02% of their portfolio BIRMINGHAM, AL 48,15548.2k $1.3m $1.3m 0.02% Added +1.1k +1,052
15 Closed-End Fund Advisors, Inc. 1.27% of their portfolio RICHMOND, VA 47,81647.8k $1.3m $1.3m 1.27% Added +19.8k +19,773
16 Brookwood Investment Group LLC 0.13% of their portfolio PHOENIX, AZ 40,06540.1k $1.1m $1.1m 0.13% New
17 Almanack Investment Partners, LLC. 0.14% of their portfolio WAYNE, PA 39,74839.7k $1.1m $1.1m 0.14% New
18 Kathmere Capital Management, LLC 0.05% of their portfolio WAYNE, PA 33,51633.5k $912.0k $912.0k 0.05% New
19 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 30,36930.4k $826.3k $826.3k 0.00% Reduced -10.3k -10,278
20 Beaumont Financial Advisors, LLC 0.05% of their portfolio NEEDHAM, MA 26,69826.7k $726.4k $726.4k 0.05% New
21 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 23,58523.6k $641.7k $641.7k 0.01% New
22 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 22,03222.0k $600.0k $600.0k 0.00% Added +13.1k +13,095
23 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 21,90921.9k $596.1k $596.1k 0.00% Reduced -12.3k -12,267
24 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 21,00021.0k $571.4k $571.4k 0.00% New
25 Naviter Wealth, LLC 0.05% of their portfolio LITTLE ROCK, AR 19,46619.5k $529.7k $529.7k 0.05% Reduced -5.2k -5,221
26 Discipline Wealth Solutions, LLC 0.05% of their portfolio GREENVILLE, SC 19,18819.2k $522.1k $522.1k 0.05% Added +3.8k +3,780
27 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 18,12218.1k $493.1k $493.1k 0.01% Added +608 +608
28 PARK AVENUE SECURITIES LLC 0.00% of their portfolio NEW YORK, NY 17,34317.3k $472.0k $472.0k 0.00% New
29 PRINCIPAL SECURITIES, INC. 0.01% of their portfolio DES MOINES, IA 16,82616.8k $457.8k $457.8k 0.01% Added +2.2k +2,192
30 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 14,60214.6k $397.3k $397.3k 0.00% Reduced -18.7k -18,720
31 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 14,14214.1k $384.8k $384.8k 0.00% Reduced -15.3k -15,300
32 UBS Group AG 0.00% of their portfolio ZURICH, V8 13,45413.5k $366.1k $366.1k 0.00% Added +168 +168
33 Advyzon Investment Management, LLC 0.03% of their portfolio LISLE, IL 13,24913.2k $360.5k $360.5k 0.03% Added +3.0k +2,998
34 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 12,03412.0k $327.5k $327.5k 0.01% Reduced -13.5k -13,516
35 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 11,83511.8k $322.1k $322.1k 0.00% Added +2.1k +2,137
36 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 11,53111.5k $313.8k $313.8k 0.01% New
37 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 10,16910.2k $276.7k $276.7k 0.00% Added +126 +126
38 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 9,9009.9k $269.4k $269.4k 0.00% Reduced -1.5k -1,500
39 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 9,5129.5k $258.8k $258.8k 0.00% Reduced -323 -323
40 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 9,0489.0k $246.2k $246.2k 0.00% Added +8.5k +8,538
41 FOCUSED ALPHA, LLC 0.06% of their portfolio DENVER, CO 9,0349.0k $245.8k $245.8k 0.06% Added +74 +74
42 Samalin Investment Counsel, LLC 0.07% of their portfolio CHAPPAQUA, NY 7,8577.9k $213.8k $213.8k 0.07% Reduced -6.2k -6,190
43 Legacy Wealth Managment, LLC/ID 0.09% of their portfolio BOISE, ID 7,8577.9k $213.8k $213.8k 0.09% Added +7.8k +7,790
44 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 7,5297.5k $204.9k $204.9k 0.00% New
45 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 3,7963.8k $103.3k $103.3k 0.00% Added +6 +6
46 Miller Global Investments, LLC 0.03% of their portfolio DALLAS, TX 1,3451.3k $36.6k $36.6k 0.03% Unchanged
47 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 1,1411.1k $31.0k $31.0k 0.00% Unchanged
48 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 1,0001.0k $27.2k $27.2k 0.00% Unchanged
49 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 979979 $26.6k $26.6k 0.00% First filing
50 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 799799 $21.7k $21.7k 0.00% New
51 SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio WINSTON-SALEM, NC 500500 $13.6k $13.6k 0.00% New
52 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 376376 $10.2k $10.2k 0.00% Added +368 +368
53 Roble, Belko & Company, Inc 0.00% of their portfolio SEWICKLEY, PA 262262 $7.0k $7.0k 0.00% Added +114 +114
54 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 251251 $7.0k $7.0k 0.00% Reduced -88 -88
55 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 220220 $6.0k $6.0k 0.00% Reduced -38.6k -38,641
56 PIN OAK INVESTMENT ADVISORS INC 0.00% of their portfolio HOUSTON, TX 200200 $5.0k $5.0k 0.00% New
57 Signature Equity Partners, LLC 0.00% of their portfolio COLUMBUS, OH 138138 $3.8k $3.8k 0.00% Added +1 +1
58 AMERIFLEX GROUP, INC. 0.00% of their portfolio LAS VEGAS, NV 125125 $3.4k $3.4k 0.00% Unchanged
59 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 6969 $1.9k $1.9k 0.00% Added +21 +21
60 Cornerstone Planning Group LLC 0.00% of their portfolio FAIRFIELD, NJ 6262 $1.6k $1.6k 0.00% Reduced -19 -19
61 Private Wealth Asset Management, LLC 0.00% of their portfolio OMAHA, NE 4545 $1.2k $1.2k 0.00% New
62 Strategic Wealth Partners, Ltd. 0.00% of their portfolio INDEPENDENCE, OH 4444 $1.2k $1.2k 0.00% Added +40 +40
63 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 1212 $327 $327 0.00% Unchanged
64 Strive Financial Group ,LLC 0.00% of their portfolio CARMEL, IN 88 $218 $218 0.00% New