Putnam BDC Income ETF (PBDC)

Neutral

Insufficient data to determine institutional momentum.

Data as of Q1 2026

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Institutional Holders

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No collected fundamentals to build a valuation model.

No collected fundamentals for a quality & risk analysis.

No collected fundamentals for a dividends & returns analysis.

No collected fundamentals for a capital-allocation analysis.

No collected fundamentals for a debt & leverage analysis.

Buy / Sell Volume by Quarter

Total shares institutions bought (green) vs sold (red) each quarter across all holders.

Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.

No sector peer set for this ticker (missing sector classification, or too few peers with collected financials).

Ownership Map

Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.

Size by

Drag any bubble to rearrange · size = dollar value of the position

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Crowding AnalysisCrowded

Holders57of 5,944

Avg: 68

Uncrowded83th percentileCrowded

Institutional Activity

Buy/Sell Ratio0.97x

62th percentile

35 buying36 selling

+16

New

-15

Closed

+360K

Net shares

Ownership Concentration

Top 5: 49.6%Top 10: 72.0%

CONDOR CAPITAL MANAGEMENT14.3%

Cetera Investment Advisers9.5%

LexAurum Advisors,9.4%

Clark Capital Management Group,8.5%

Prota Financial,7.9%

Others (52)50.4%

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Conviction-Weighted Ownership

Median weight: 0.02%Avg weight: 0.55%Max: 3.61%High conviction (>1%): 1

CONDOR CAPITAL MANAGEMENT

Cetera Investment Advisers

LexAurum Advisors,

Clark Capital Management Group,

Prota Financial,

ENVESTNET ASSET MANAGEMENT

Evolution Wealth Advisors,

LPL Financial

Corient Private Wealth

NewEdge Advisors,

Crowding AnalysisCrowded

Holders57of 5,944

Avg: 68

Uncrowded83th percentileCrowded

Institutional Activity

Buy/Sell Ratio0.97x

62th percentile

35 buying36 selling

+16

New

-15

Closed

+360K

Net shares

Ownership Concentration

Top 5: 49.6%Top 10: 72.0%

CONDOR CAPITAL MANAGEMENT14.3%

Cetera Investment Advisers9.5%

LexAurum Advisors,9.4%

Clark Capital Management Group,8.5%

Prota Financial,7.9%

Others (52)50.4%

Crowding AnalysisCrowded

Holders57of 5,944

Avg: 68

Uncrowded83th percentileCrowded

Institutional Activity

Buy/Sell Ratio0.97x

62th percentile

35 buying36 selling

+16

New

-15

Closed

+360K

Net shares

Ownership Concentration

Top 5: 49.6%Top 10: 72.0%

CONDOR CAPITAL MANAGEMENT14.3%

Cetera Investment Advisers9.5%

LexAurum Advisors,9.4%

Clark Capital Management Group,8.5%

Prota Financial,7.9%

Others (52)50.4%

Institutional Trends (8 Quarters)

No trend data available for this metric.

Performance vs. S&P 500

Total return (dividends reinvested) vs the market, from quarter-end prices.

$10,000 invested 2022-09

$15,495

PBDC · +55%

$21,966

S&P 500 · +120%

−$6,470

behind the index

Total return (5Y)

+55%

S&P 500

+120%

vs. market

-65%

underperformed

Annualized

12.4%

mkt 23.3%

Volatility

11%

annualized

Beta

0.25

vs S&P 500

Growth of $10,000

Hover the chart to read any quarter

PBDCS&P 500

Year by year

Annual return vs the market

Hover a year to compare.

PBDC (solid)S&P 500 (outline)Green = positive year, red = negative. Number = PBDC's return.

Beat the market

2 / 5 yrs

40% win rate

Best year

+31%

2023

Worst year

-9%

2026

Worst drawdown

-12%

still -11% below peak

Relative strength

Cumulative lead over the S&P 500

Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.

Downside

Drawdown from peak · max -12%

How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.

Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.

Ownership Map

Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.

Size by

Drag any bubble to rearrange · size = dollar value of the position

Ownership Map

Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.

Size by

Drag any bubble to rearrange · size = dollar value of the position