CHICAGO ATLANTIC BDC INC LIEN
COM · Common Stock · CUSIP 828174102
* 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. Shares outstanding: 22.8m as of 2026-08-12, 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 ≈ $9.77.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 6 |
| Q4 2022 | 5 |
| Q1 2023 | 5 |
| Q2 2023 | 7 |
| Q3 2023 | 5 |
| Q4 2023 | 5 |
| Q1 2024 | 6 |
| Q2 2024 | 7 |
| Q3 2024 | 8 |
| Q4 2024 | 5 |
| Q1 2025 | 5 |
| Q2 2025 | 30 |
| Q3 2025 | 31 |
| Q4 2025 | 39 |
| Q1 2026 | 42 |
| Q2 2026 | 48 |
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 | 2 | 4 |
| Q4 2024 | 2 | 6 |
| Q1 2025 | 1 | 3 |
| Q2 2025 | 27 | 2 |
| Q3 2025 | 14 | 12 |
| Q4 2025 | 16 | 14 |
| Q1 2026 | 17 | 19 |
| Q2 2026 | 28 | 14 |
Biggest buyers
| PARTNERS CAPITAL INVESTMENT GROUP, LLP | New | +145.3k |
| RAYMOND JAMES FINANCIAL INC | New | +96.1k |
| Cambridge Investment Research Advisors, Inc. | New | +59.8k |
| Clayton Partners LLC | New | +58.7k |
| CITADEL ADVISORS LLC | Added | +27.7k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | New | +24.6k |
| RITHOLTZ WEALTH MANAGEMENT | Added | +19.6k |
| Savant Capital, LLC | New | +18.6k |
| Sowell Financial Services LLC | Added | +17.9k |
| CDC Financial, Inc. | Added | +17.8k |
Biggest sellers
| JPMORGAN CHASE & CO | Sold out | -237.6k |
| Corient Private Wealth LP | Reduced | -191.9k |
| Sage Mountain Advisors LLC | Reduced | -184.8k |
| JANE STREET GROUP, LLC | Sold out | -23.8k |
| Mariner, LLC | Sold out | -22.7k |
| HighTower Advisors, LLC | Reduced | -17.7k |
| SAGE RHINO CAPITAL LLC | Sold out | -10.9k |
| WESTWOOD HOLDINGS GROUP INC | Sold out | -10.7k |
| WEDBUSH SECURITIES INC | Sold out | -10.7k |
| SteelPeak Wealth, LLC | Sold out | -10.3k |
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 |
|---|---|
| Chicago Atlantic BDC Advisers, LLC 13G · institution filed 2025-02-14 | 16.9% |
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 | 3 | $52.5k | 0 | — | — |
| Q3 2025 | 1 | $15.5k | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 4 | $657.7k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-31 | Colonna Bernardino President | Bought | $7.7k750 shares |
| 2026-08-31 | Gordon Scott Co-Chief Investment Officer, director | Bought | $1.4k134 shares |
| 2026-08-28 | Colonna Bernardino President | Bought | $2.5k250 shares |
| 2026-08-27 | Gordon Scott Co-Chief Investment Officer, director | Bought | $51.0k5.0k shares |
| 2026-08-27 | Colonna Bernardino President | Bought | $6.1k600 shares |
| 2026-08-26 | Gordon Scott Co-Chief Investment Officer, director | Bought | $25.2k2.5k shares |
| 2026-08-26 | Colonna Bernardino President | Bought | $6.1k600 shares |
| 2026-08-25 | Colonna Bernardino President | Bought | $4.1k400 shares |
| 2026-08-25 | Gordon Scott Co-Chief Investment Officer, director | Bought | $2.5k250 shares |
| 2026-08-24 | Gordon Scott Co-Chief Investment Officer, director | Bought | $15.4k1.5k shares |
| 2026-08-21 | Gordon Scott Co-Chief Investment Officer, director | Bought | $1.9k195 shares |
| 2026-08-20 | Gordon Scott Co-Chief Investment Officer, director | Bought | $72.8k7.5k shares |
| 2026-08-19 | Gordon Scott Co-Chief Investment Officer, director | Bought | $78.5k8.2k shares |
| 2026-08-18 | Gordon Scott Co-Chief Investment Officer, director | Bought | $167.8k17.6k shares |
| 2026-08-17 | Mazarakis John 10% owner | Bought | $566.4k60.0k shares |
| 2026-08-17 | Gordon Scott Co-Chief Investment Officer, director | Bought | $174.6k18.3k shares |
| 2026-08-17 | Mahajan Umesh Secretary; Co-CIO | Bought | $38.4k4.0k shares |
| 2026-08-17 | Fazio Gianni James Lezziere Chief Accounting Officer | Bought | $1.9k200 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 |
|---|---|---|
| INTREPID CAPITAL MANAGEMENT INC 2.62% of their portfolio | 756.2k $7.4m | Unchanged |
| Sowell Financial Services LLC 0.16% of their portfolio | 511.4k $5.0m | Added +17.9k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 189.6k $1.9m | Added +7.5k |
| Corient Private Wealth LP 0.00% of their portfolio | 188.9k $1.8m | Reduced -191.9k |
| CDC Financial, Inc. 1.33% of their portfolio | 177.4k $1.7m | Added +17.8k |
| CONDOR CAPITAL MANAGEMENT 0.12% of their portfolio | 163.7k $1.6m | Added +2.2k |
| LVM CAPITAL MANAGEMENT LTD/MI 0.13% of their portfolio | 161.3k $1.6m | Unchanged |
| HighTower Advisors, LLC 0.00% of their portfolio | 155.9k $1.5m | Reduced -17.7k |
| PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.05% of their portfolio | 145.3k $1.4m | New |
| Black Maple Capital Management LP 0.86% of their portfolio | 130.9k $1.3m | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 96.1k $939.2k | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 88.1k $861.2k | Added +27.7k |
| BlackRock, Inc. 0.00% of their portfolio | 74.5k $727.7k | Added +3.1k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 59.8k $584.0k | New |
| Clayton Partners LLC 0.38% of their portfolio | 58.7k $573.2k | New |
| RITHOLTZ WEALTH MANAGEMENT 0.01% of their portfolio | 54.3k $531.0k | Added +19.6k |
| Apollon Wealth Management, LLC 0.01% of their portfolio | 48.8k $476.9k | Reduced -7.0k |
| Venturi Wealth Management, LLC 0.02% of their portfolio | 40.2k $392.5k | Unchanged |
| FIRETHORN WEALTH PARTNERS, LLC 0.12% of their portfolio | 38.7k $377.7k | Added +3.0k |
| Gladstone Institutional Advisory LLC 0.01% of their portfolio | 38.6k $377.1k | Unchanged |
| Sage Mountain Advisors LLC 0.02% of their portfolio | 30.8k $300.9k | Reduced -184.8k |
| Tidal Investments LLC 0.00% of their portfolio | 30.0k $293.3k | Reduced -4.8k |
| Closed-End Fund Advisors, Inc. 0.27% of their portfolio | 28.3k $276.5k | Added +6.7k |
| Wick Capital Partners, LLC 0.04% of their portfolio | 27.0k $263.5k | Unchanged |
| Twelve Points Wealth Management LLC 0.05% of their portfolio | 26.2k $256.3k | Unchanged |
| Seneca House Advisors 0.09% of their portfolio | 25.3k $247.4k | Added +434 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio | 24.6k $240.6k | New |
| Trexquant Investment LP 0.00% of their portfolio | 24.2k $236.5k | Added +4.0k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 23.8k $232.1k | Added +2.9k |
| Savant Capital, LLC 0.00% of their portfolio | 18.6k $182.1k | New |
| Tyche Wealth Partners LLC 0.02% of their portfolio | 17.5k $171.0k | Added +3.0k |
| BROWN ADVISORY INC 0.00% of their portfolio | 16.3k $159.6k | Unchanged |
| Centiva Capital, LP 0.01% of their portfolio | 15.7k $153.2k | New |
| Icon Wealth Advisors, LLC 0.01% of their portfolio | 14.3k $139.3k | Unchanged |
| Mesirow Financial Investment Management, Inc. 0.00% of their portfolio | 12.4k $121.5k | Unchanged |
| FreeGulliver LLC 0.04% of their portfolio | 12.2k $119.6k | Unchanged |
| ENTREWEALTH, LLC 0.04% of their portfolio | 12.1k $113.9k | New |
| COMPASS FINANCIAL MANAGEMENT LLC 0.01% of their portfolio | 10.7k $104.3k | First filing |
| Bernardo Wealth Planning LLC 0.02% of their portfolio | 10.3k $100.4k | Unchanged |
| Triumph Capital Management 0.01% of their portfolio | 6.7k $65.7k | Added +2.4k |
| MORGAN STANLEY 0.00% of their portfolio | 4.9k $48.2k | Added +4.9k |
| CITIGROUP INC 0.00% of their portfolio | 3.4k $33.0k | New |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 3.0k $29.3k | Unchanged |
| BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio | 750 $7.3k | New |
| Spire Wealth Management 0.00% of their portfolio | 200 $2.0k | New |
| Quarry LP 0.00% of their portfolio | 139 $1.4k | New |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 11 $107 | New |
| UBS Group AG 0.00% of their portfolio | 2 $20 | Reduced -63 |