BURFORD CAP LTD BUR
ORD SHS · Common Stock · CUSIP G17977110
Finance and professional services company
- SectorFinancials
- IndustryFinance Services
- HeadquartersNew York City
- Websiteburfordcapital.com
- FilingsSEC EDGAR
* 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 ($3.6m this quarter). Holder counts are more reliable. Shares outstanding: 219.6m as of 2026-07-30, 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 ≈ $36.14. Options: 6 managers hold calls ($2.6m notional), 10 hold puts ($6.9m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 80 |
| Q4 2022 | 82 |
| Q1 2023 | 99 |
| Q2 2023 | 120 |
| Q3 2023 | 119 |
| Q4 2023 | 139 |
| Q1 2024 | 143 |
| Q2 2024 | 160 |
| Q3 2024 | 170 |
| Q4 2024 | 185 |
| Q1 2025 | 208 |
| Q2 2025 | 195 |
| Q3 2025 | 212 |
| Q4 2025 | 221 |
| Q1 2026 | 227 |
| Q2 2026 | 235 |
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 | 88 | 64 |
| Q4 2024 | 88 | 74 |
| Q1 2025 | 109 | 81 |
| Q2 2025 | 97 | 106 |
| Q3 2025 | 115 | 84 |
| Q4 2025 | 127 | 97 |
| Q1 2026 | 121 | 105 |
| Q2 2026 | 149 | 90 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $12.6m | $19.6m | 1.55 |
| Q4 2025 | $7.4m | $8.0m | 1.08 |
| Q1 2026 | $4.7m | $7.0m | 1.50 |
| Q2 2026 | $2.6m | $6.9m | 2.71 |
Biggest buyers
| AMERIPRISE FINANCIAL INC | Added | +6.2m |
| AQR CAPITAL MANAGEMENT LLC | Added | +5.6m |
| M&G PLC | Added | +2.9m |
| D. E. Shaw & Co., Inc. | Added | +2.6m |
| DG Capital Management, LLC | Added | +2.2m |
| Orbis Allan Gray Ltd | Added | +1.7m |
| BlackRock, Inc. | Added | +1.6m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | Added | +1.3m |
| UBS Group AG | Added | +999.4k |
| Trexquant Investment LP | Added | +916.2k |
Biggest sellers
| BREACH INLET CAPITAL MANAGEMENT, LLC | Sold out | -4.5m |
| BARCLAYS PLC | Reduced | -3.4m |
| BANK OF MONTREAL /CAN/ | Reduced | -2.1m |
| Jefferies Financial Group Inc. | Sold out | -2.0m |
| CI INVESTMENTS INC. | Reduced | -1.9m |
| COOKE & BIELER LP | Reduced | -1.9m |
| Emeth Value Capital, LLC | Sold out | -1.4m |
| TIMUCUAN ASSET MANAGEMENT INC/FL | Sold out | -1.1m |
| Invesco Ltd. | Reduced | -754.2k |
| XTX Topco Ltd | Reduced | -573.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $913.9k222.9k shares |
| Caption Management, LLC | Unchanged | $755.6k184.3k shares |
| Verition Fund Management LLC | Unchanged | $410.0k100.0k shares |
| CITADEL ADVISORS LLC | Reduced | $393.2k95.9k shares |
| JANE STREET GROUP, LLC | Reduced | $84.5k20.6k shares |
| Walleye Capital LLC | New | $410100 shares |
Biggest puts
| GOLDMAN SACHS GROUP INC | Added | $1.7m418.5k shares |
| FOURSIXTHREE CAPITAL LP | Added | $1.7m418.5k shares |
| CITADEL ADVISORS LLC | Added | $886.0k216.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $861.8k210.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $571.1k139.3k shares |
| GROUP ONE TRADING LLC | Reduced | $558.0k136.1k shares |
| WOLVERINE ASSET MANAGEMENT LLC | New | $410.4k100.1k shares |
| IMC-Chicago, LLC | New | $123.8k30.2k shares |
| JANE STREET GROUP, LLC | New | $43.5k10.6k shares |
| Walleye Capital LLC | New | $37.3k9.1k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
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 |
|---|---|
| ORBIS INVESTMENT MANAGEMENT LTD 13G · institution +0.7 pts · filed 2026-08-14 | 9.2% |
| AMERIPRISE FINANCIAL INC 13G · institution +2.8 pts · filed 2026-08-14 | 8.4% |
| Conifer Management, L.L.C. 13G · institution new · filed 2026-02-12 | 5.6% |
| BlackRock, Inc. 13G · institution +0.2 pts · filed 2025-10-17 | 5.2% |
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 | 1 | $335.0k | 4 | $1.5m | $1.5m |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 4 | $3.4m | $3.4m |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 18.5m $75.7m | Added +6.2m |
| BlackRock, Inc. 0.00% of their portfolio | 17.3m $71.1m | Added +1.6m |
| Orbis Allan Gray Ltd 0.21% of their portfolio | 14.7m $60.2m | Added +1.7m |
| Pictet North America Advisors SA 2.76% of their portfolio | 7.6m $31.3m | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 6.3m $25.7m | Added +5.6m |
| BANK OF MONTREAL /CAN/ 1.78% of their portfolio | 5.2m $4.9bn | Reduced -2.1m |
| Invesco Ltd. 0.00% of their portfolio | 4.8m $19.6m | Reduced -754.2k |
| M&G PLC 0.09% of their portfolio | 4.5m $18.3m | Added +2.9m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.05% of their portfolio | 4.4m $17.9m | Added +1.3m |
| COOKE & BIELER LP 0.18% of their portfolio | 3.8m $15.5m | Reduced -1.9m |
| STATE STREET CORP 0.00% of their portfolio | 3.8m $15.5m | Added +226.5k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 3.6m $14.7m | Added +2.6m |
| Greenhaven Road Investment Management, L.P. 8.10% of their portfolio | 3.0m $12.5m | Added +902.6k |
| Aberdeen Group plc 0.02% of their portfolio | 2.7m $11.2m | Added +49.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.6m $10.8m | Added +207.3k |
| MORGAN STANLEY 0.00% of their portfolio | 2.3m $9.3m | Added +261.8k |
| DG Capital Management, LLC 3.19% of their portfolio | 2.2m $9.2m | Added +2.2m |
| BARCLAYS PLC 0.00% of their portfolio | 1.9m $7.9m | Reduced -3.4m |
| Bandera Partners LLC 2.54% of their portfolio | 1.8m $7.2m | Unchanged |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 1.7m $7.0m | Added +93.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.6m $6.7m | Added +202.4k |
| Mithaq Capital SPC 3.00% of their portfolio | 1.5m $6.1m | Unchanged |
| UBS Group AG 0.00% of their portfolio | 1.4m $5.8m | Added +999.4k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 1.4m $5.7m | Reduced -114.5k |
| FIDEURAM - INTESA SANPAOLO PRIVATE BANKING S.P.A. 0.15% of their portfolio | 1.3m $5.1m | Added +758.8k |
| Solas Capital Management, LLC 2.66% of their portfolio | 1.2m $5.0m | Added +230.0k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 1.2m $4.9m | Reduced -116.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 1.2m $4.8m | Added +203.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.0m $4.3m | Added +397.4k |
| Trexquant Investment LP 0.03% of their portfolio | 1.0m $4.2m | Added +916.2k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 975.9k $4.0m | Reduced -295.4k |
| HighTower Advisors, LLC 0.00% of their portfolio | 959.2k $3.9m | Added +2.3k |
| HRT FINANCIAL LP 0.01% of their portfolio | 922.6k $3.8m | Added +519.5k |
| Legal & General Group Plc 0.00% of their portfolio | 882.0k $3.6m | Added +386.2k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 873.3k $3.6m | New |
| Claar Advisors LLC 1.11% of their portfolio | 839.7k $3.4m | Reduced -142 |
| Empowered Funds, LLC 0.02% of their portfolio | 805.8k $3.3m | Added +44.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 746.0k $3.1m | Reduced -391.8k |
| Nuveen, LLC 0.00% of their portfolio | 647.9k $2.7m | Added +25.7k |
| KBC Group NV 0.01% of their portfolio | 640.5k $2.6m | Unchanged |
| Odyssean, LLC 0.41% of their portfolio | 612.7k $2.5m | New |
| Mraz, Amerine & Associates, Inc. 0.34% of their portfolio | 573.6k $2.4m | Added +108.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 533.5k $2.2m | Added +39.5k |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 522.4k $2.1m | Added +469.0k |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 509.0k $2.1m | Reduced -6.6k |
| Marex Group Ltd 0.02% of their portfolio | 507.0k $2.1m | Reduced -155.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 497.9k $2.0m | Added +55.7k |
| Mariner, LLC 0.00% of their portfolio | 497.6k $2.0m | Added +454.6k |
| Fideuram Asset Management (Ireland) dac 0.04% of their portfolio | 453.8k $2.1m | New |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.00% of their portfolio | 450.0k $1.8m | Unchanged |
| Man Group plc 0.00% of their portfolio | 416.0k $1.7m | New |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 400.4k $1.6m | New |
| BAILLIE GIFFORD & CO 0.00% of their portfolio | 395.6k $1.6m | Reduced -2.8k |
| Swiss National Bank 0.00% of their portfolio | 388.5k $1.6m | Unchanged |
| Amundi 0.00% of their portfolio | 384.3k $1.6m | Added +50.2k |
| FIRST FOUNDATION ADVISORS 0.06% of their portfolio | 381.0k $1.6m | Unchanged |
| CI INVESTMENTS INC. 0.00% of their portfolio | 348.7k $1.4m | Reduced -1.9m |
| Quantinno Capital Management LP 0.00% of their portfolio | 338.8k $1.4m | Added +258.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 312.5k $1.3m | Reduced -175.5k |
| Man Investment Partners (US) LP 0.35% of their portfolio | 309.8k $1.3m | Unchanged |
| Evelyn Partners Group Ltd 0.02% of their portfolio | 285.1k $1.2m | First filing |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 274.6k $1.1m | New |
| Walleye Capital LLC 0.01% of their portfolio | 268.8k $1.1m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 260.5k $1.1m | Reduced -354.1k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 253.3k $1.0m | Reduced -246.5k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 251.8k $1.0m | Added +9.3k |
| Pilgrim Partners Asia Pte Ltd 0.45% of their portfolio | 250.0k $1.0m | Added +30.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 240.0k $983.8k | Added +47.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 218.3k $895.2k | Added +34.4k |
| Cerity Partners LLC 0.00% of their portfolio | 218.2k $894.5k | Added +124.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 212.7k $961.3k | Unchanged |
| Hyperion Capital Advisors LP 0.38% of their portfolio | 203.0k $832.3k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 181.8k $745.6k | Added +107.4k |
| KORNITZER CAPITAL MANAGEMENT INC /KS 0.02% of their portfolio | 180.8k $741.3k | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 179.4k $735.7k | Reduced -48.4k |
| ROYCE & ASSOCIATES LP 0.01% of their portfolio | 175.0k $717.5k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 172.2k $704.8k | Added +44.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 172.2k $706.0k | Reduced -311.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 170.2k $698.0k | Added +24.4k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 168.8k $642.5k | Added +151.1k |
| Diametric Capital, LP 0.07% of their portfolio | 168.0k $688.9k | Reduced -72.4k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 166.2k $681.4k | Added +103.2k |
| Rathbones Group PLC 0.00% of their portfolio | 162.2k $663.5k | Reduced -163.9k |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 162.0k $664.2k | Added +146.4k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 159.6k $654.2k | Added +20.3k |
| Pathstone Holdings, LLC 0.00% of their portfolio | 147.6k $605.2k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 144.1k $605.9k | Reduced -30.8k |
| Capricorn Fund Managers Ltd 0.04% of their portfolio | 135.0k $553.5k | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 130.2k $532.8k | Added +47.1k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 129.1k $529.4k | Unchanged |
| Creative Planning 0.00% of their portfolio | 120.8k $495.1k | Added +93.6k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 119.7k $490.6k | Added +6.4k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 117.6k $482.1k | Reduced -1.8k |
| XTX Topco Ltd 0.01% of their portfolio | 114.7k $470.1k | Reduced -573.6k |
| AXQ CAPITAL, LP 0.05% of their portfolio | 111.2k $455.8k | Added +57.7k |
| CAPITAL FUND MANAGEMENT S.A. 0.00% of their portfolio | 99.8k $409.0k | New |
| Proficio Capital Partners LLC 0.01% of their portfolio | 95.1k $389.9k | Added +12.5k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 94.2k $386.2k | Reduced -210 |
| Sage Investment Counsel LLC 0.37% of their portfolio | 90.6k $371.5k | Added +46.6k |
| PenderFund Capital Management Ltd. 0.05% of their portfolio | 86.9k $356.4k | Reduced -411.1k |