% of shares outstanding is not shown for BDVG: this is a fund line, and we hold no cover-page share count for it at any quarter — a fund's shares outstanding move with creations and redemptions rather than with issuance and buybacks, and it is not the SEC cover-page count this percentage is defined against. The figure is withheld rather than computed against a count that does not exist. Holder share counts are shown as filed.
Crowding percentile withheld — no market cap for BDVG in the served universe — the cohort is size-matched, and an unmatched percentile would compare a micro-cap register to a mega-cap one.
| # | Holder | Shares | Value | % of shares out | Δ QoQ |
|---|---|---|---|---|---|
| 1 | Waverly Advisors, LLC | 156,681156,681 | $2M | — | TRIM -15% |
| 2 | Cambridge Investment Research Advisors, Inc. | 87,92487,924 | $1M | — | ADD 2% |
| 3 | BERKSHIRE ASSET MANAGEMENT LLC/PA | 59,58259,582 | $778,141 | — | ADD 24% |
| 4 | Orion Porfolio Solutions, LLC | 17,90517,905 | $233,839 | — | TRIM -9% |
| 5 | ENVESTNET ASSET MANAGEMENT INC | 15,24315,243 | $199,074 | — | NEW |
| 6 | OSAIC HOLDINGS, INC. | 14,48814,488 | $189,211 | — | — |
| 7 | CITADEL ADVISORS LLC | 13,68413,684 | $178,713 | — | TRIM -30% |
| 8 | Aptus Capital Advisors, LLC | 8,5638,563 | $111,833 | — | — |
| 9 | GUARDIAN WEALTH ADVISORS, LLC / NC | 8,5638,563 | $111,833 | — | NEW |
| 10 | UBS Group AG | 1,0191,019 | $13,308 | — | ADD 33867% |
Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.
| Holder | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| Waverly Advisors, LLC | — | 172K | 176K | 186K | 184K | 157K | $2M |
| Cambridge Investment Research Advisors, Inc. | 289K | 248K | 158K | 81K | 86K | 88K | $1M |
| BERKSHIRE ASSET MANAGEMENT LLC/PA | 48K | 48K | 48K | 48K | 48K | 60K | $778,141 |
| Orion Porfolio Solutions, LLC | 23K | 21K | 20K | 19K | 20K | 18K | $233,839 |
| ENVESTNET ASSET MANAGEMENT INC | 44K | 22K | 22K | 23K | — | 15K | $199,074 |
| OSAIC HOLDINGS, INC. | 3K | 518 | 13K | 14K | 14K | 14K | $189,211 |
| CITADEL ADVISORS LLC | — | — | — | 18K | 20K | 14K | $178,713 |
| Aptus Capital Advisors, LLC | 5K | 7K | 8K | 8K | 9K | 9K | $111,833 |
| GUARDIAN WEALTH ADVISORS, LLC / NC | 5K | 7K | 8K | — | — | 9K | $111,833 |
| UBS Group AG | — | — | 6K | 4K | 3 | 1K | $13,308 |
Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
Holder count only — too few computable %-of-shares-outstanding quarters for a % pane. Line breaks are quarters with no 13F record, never interpolated.
| Quarter | Holders | Shares held | % shares out | Value held |
|---|---|---|---|---|
| 2026-Q1 | 10 | 383,652 | — | $5M |
| 2025-Q4 | 9 | 379,842 | — | $5M |
| 2025-Q3 | 9 | 401,790 | — | $5M |
| 2025-Q2 | 9 | 460,093 | — | $6M |
| 2025-Q1 | 9 | 568,806 | — | $7M |
| 2024-Q4 | 10 | 633,319 | — | $25M |
Short interest has its own tab now — open SI →
Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.
| Biggest buyers | Δ shares | Δ value | |
|---|---|---|---|
| ENVESTNET ASSET MANAGEMENT INC | +15,243 | $199,074 | OPEN |
| BERKSHIRE ASSET MANAGEMENT LLC/PA | +11,666 | $152,358 | ADD |
| GUARDIAN WEALTH ADVISORS, LLC / NC | +8,563 | $111,833 | OPEN |
| Cambridge Investment Research Advisors, Inc. | +2,087 | $27,256 | ADD |
| UBS Group AG | +1,016 | $13,269 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Waverly Advisors, LLC | −27,222 | $355,519 | TRIM |
| CITADEL ADVISORS LLC | −5,865 | $76,597 | TRIM |
| Orion Porfolio Solutions, LLC | −1,686 | $22,019 | TRIM |
| Farther Finance Advisors, LLC | −20 | $261 | CLOSE |
The 2025-Q4 register is as-filed in ITS OWN share basis; every count below was rebased into the 2026-Q1 basis (no split in between, factor 1). Dollar figures value the SHARE delta at one price — the 2026-03-31 close — rather than differencing two filings' own reported values, which would mix the quarter's price move into the trade figure.
13Fs disclose LONG US-listed positions only — shorts, most derivatives, bonds and non-US listings are invisible here, and a filer's quarter-over-quarter change is not necessarily a trade (index rebalances, in-kind transfers and entity successions all read as flow).
| 2024-Q3 |
| 8 |
| 568,220 |
| — |
| $7M |
| 2024-Q2 | 8 | 558,132 | — | $6M |
| 2024-Q1 | 7 | 292,491 | — | $3M |
| 2023-Q4 | 5 | 73,046 | — | $762,714 |
| 2023-Q3 | 6 | 79,614 | — | $770,115 |
| 2023-Q2 | 2 | 16,340 | — | $166,773 |
