FBRT US Equity

Franklin BSP Realty Trust, Inc.

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Real Estate · Real Estate Investment Trusts · CIK 1562528 · FYE 1231

$7.74

+0.21 (+2.79%)

USD · as of 2026-07-30 · marketstack

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Institutional ownership· 13F filers holding FBRT · 2026-Q1 methodology → sources →

210 holders

% of shares outstanding held

61.0%

Shares held (13F)

49,375,539

Reporting holders

210

Active share of register38.5%185 active filers

Index / screened out61.5%25 filers

Reporting holders2102026-Q1

Top-10 concentration70.0%

HHI0.0963

Effective holders10.4

Crowding percentile60.5of 791 same-size names

Top holders

largest 100 of 210 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	BlackRock, Inc.	13,121,86013.1M	$111M	16.21%	—
2	VANGUARD CAPITAL MANAGEMENT LLC	3,560,6093.6M	$30M	4.40%	NEW†
3	STATE STREET CORP	3,209,5393.2M	$28M	3.96%	—
4	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	3,091,7483.1M	$26M	3.82%	ADD 176%
5	VANGUARD PORTFOLIO MANAGEMENT LLC	2,782,8502.8M	$24M	3.44%	NEW†
6	GRATIA CAPITAL, LLC	2,278,7002.3M	$19M	2.81%	ADD 164%
7	GEODE CAPITAL MANAGEMENT, LLC	2,041,8582.0M	$17M	2.52%	ADD 2%
8	Invesco Ltd.	1,739,4621.7M	$15M	2.15%	TRIM -5%
9	FRANKLIN RESOURCES INC	1,500,3861.5M	$13M	1.85%	—
10	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	1,217,7401.2M	$10M	1.50%	TRIM -3%
11	UBS Group AG	1,203,6801.2M	$10M	1.49%	ADD 38%
12	MORGAN STANLEY	862,038862,038	$7M	1.06%	ADD 43%
13	NORTHERN TRUST CORP	830,345830,345	$7M	1.03%	ADD 4%
14	VAN ECK ASSOCIATES CORP	822,254822,254	$7M	1.02%	ADD 3%
15	Bank of New York Mellon Corp	634,387634,387	$5M	0.78%	ADD 5%
16	GABELLI FUNDS LLC	556,252556,252	$5M	0.69%	ADD 13%
17	VANGUARD FIDUCIARY TRUST CO	533,270533,270	$5M	0.66%	NEW
18	Mariner, LLC	481,116481,116	$4M	0.59%	TRIM -4%
19	Q Global Advisors, LLC	398,078398,078	$3M	0.49%	ADD 32%
20	PRINCIPAL FINANCIAL GROUP INC	396,404396,404	$3M	0.49%	—
21	PRUDENTIAL FINANCIAL INC	362,016362,016	$3M	0.45%	TRIM -27%
22	CONDOR CAPITAL MANAGEMENT	338,294338,294	$3M	0.42%	—
23	Public Sector Pension Investment Board	291,758291,758	$2M	0.36%	ADD 3%
24	GOLDMAN SACHS GROUP INC	265,723265,723	$2M	0.33%	—
25	XTX Topco Ltd	264,209264,209	$2M	0.33%	ADD 108%
26	RHUMBLINE ADVISERS	231,790231,790	$2M	0.29%	—
27	Legal & General Group Plc	194,510194,510	$2M	0.24%	TRIM -7%
28	GAMCO INVESTORS, INC. ET AL	188,917188,917	$2M	0.23%	ADD 64%
29	DENALI ADVISORS LLC	180,800180,800	$2M	0.22%	NEW
30	Nuveen, LLC	166,132166,132	$1M	0.21%	TRIM -6%
31	Swiss National Bank	162,333162,333	$1M	0.20%	—
32	Orchard Capital Management, LLC	161,719161,719	$1M	0.20%	—
33	RAYMOND JAMES FINANCIAL INC	150,580150,580	$1M	0.19%	ADD 150%
34	Universal- Beteiligungs- und Servicegesellschaft mbH	148,766148,766	$1M	0.18%	ADD 614%
35	EXCHANGE TRADED CONCEPTS, LLC	148,388148,388	$1M	0.18%	ADD 121%
36	AMERIPRISE FINANCIAL INC	141,098141,098	$1M	0.17%	TRIM -11%
37	VARCOV Co.	136,861136,861	$1M	0.17%	NEW
38	INDEPENDENT FINANCIAL GROUP, LLC	132,976132,976	$1M	0.16%	TRIM -29%
39	ALLIANCEBERNSTEIN L.P.	111,008111,008	$1M	0.14%	—
40	JENNISON ASSOCIATES LLC	126,193126,193	$1M	0.16%	ADD 25%
41	BANK OF AMERICA CORP /DE/	125,027125,027	$1M	0.15%	ADD 51%
42	Penserra Capital Management LLC	117,510117,510	$997,000	0.15%	ADD 3%
43	FINANCIAL MANAGEMENT NETWORK INC	108,484108,484	$937,301	0.13%	TRIM -3%
44	Almitas Capital LLC	99,05499,054	$840,968	0.12%	NEW
45	Clear Point Advisors Inc.	17,06817,068	$840,964	0.02%	NEW
46	TWO SIGMA INVESTMENTS, LP	93,88493,884	$797,075	0.12%	TRIM -88%
47	CITADEL ADVISORS LLC	93,56193,561	$794,333	0.12%	TRIM -61%
48	VICTORY CAPITAL MANAGEMENT INC	88,49488,494	$751,314	0.11%	—
49	Strong Tower Advisory Services	86,74986,749	$736,499	0.11%	ADD 15%
50	Cetera Investment Advisers	85,66185,661	$727,263	0.11%	TRIM -33%
51	GREAT LAKES ADVISORS, LLC	85,29385,293	$724,138	0.11%	TRIM -10%
52	DEUTSCHE BANK AG\	82,19982,199	$697,870	0.10%	ADD 15%
53	Rockefeller Capital Management L.P.	78,05478,054	$662,678	0.10%	ADD 62%
54	Arax Advisory Partners	77,40777,407	$657,186	0.10%	TRIM -13%
55	PRICE T ROWE ASSOCIATES INC /MD/	77,24777,247	$656,000	0.10%	ADD 14%
56	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	76,24876,248	$647,346	0.09%	TRIM -11%
57	Jefferies Financial Group Inc.	73,63873,638	$625,187	0.09%	—
58	Farther Finance Advisors, LLC	72,08172,081	$604,760	0.09%	—
59	SUSQUEHANNA INTERNATIONAL GROUP, LLP	69,53269,532	$590,327	0.09%	ADD 107%
60	STATE OF WISCONSIN INVESTMENT BOARD	67,70367,703	$574,798	0.08%	NEW
61	Freestone Grove Partners LP	62,52462,524	$530,829	0.08%	NEW
62	VANGUARD ASSET MANAGEMENT, Ltd	58,51158,511	$496,758	0.07%	NEW
63	VOYA INVESTMENT MANAGEMENT LLC	56,31656,316	$478,123	0.07%	TRIM -56%
64	LPL Financial LLC	56,14156,141	$476,639	0.07%	ADD 2%
65	NEW YORK STATE COMMON RETIREMENT FUND	55,56555,565	$471,747	0.07%	ADD 125%
66	Thrivent Financial for Lutherans	54,43654,436	$462,000	0.07%	TRIM -27%
67	Zurcher Kantonalbank (Zurich Cantonalbank)	50,24650,246	$426,589	0.06%	ADD 55%
68	Advisor OS, LLC	48,93448,934	$415,450	0.06%	NEW
69	CITIGROUP INC	48,52648,526	$411,986	0.06%	TRIM -9%
70	MetLife Investment Management, LLC	46,16046,160	$391,898	0.06%	—
71	Quantinno Capital Management LP	43,02943,029	$365,317	0.05%	ADD 162%
72	Illinois Municipal Retirement Fund	42,00542,005	$356,622	0.05%	TRIM -3%
73	Klingman & Associates, LLC	41,70941,709	$354,108	0.05%	—
74	MILLENNIUM MANAGEMENT LLC	41,49641,496	$352,301	0.05%	NEW
75	Abel Hall, LLC	41,32641,326	$350,858	0.05%	ADD 66%
76	State of Alaska, Department of Revenue	40,25840,258	$341,000	0.05%	TRIM -2%
77	PRELUDE CAPITAL MANAGEMENT, LLC	40,13540,135	$340,746	0.05%	—
78	Miller Global Investments, LLC	39,42039,420	$334,676	0.05%	—
79	Magnus Financial Group LLC	38,41638,416	$326,152	0.05%	—
80	OSAIC HOLDINGS, INC.	37,68337,683	$319,925	0.05%	TRIM -16%
81	WELLS FARGO & COMPANY/MN	37,46537,465	$318,076	0.05%	TRIM -60%
82	MERCER GLOBAL ADVISORS INC /ADV	37,00637,006	$314,181	0.05%	NEW
83	NEW YORK STATE TEACHERS RETIREMENT SYSTEM	36,61736,617	$311,000	0.05%	TRIM -26%
84	Louisiana State Employees Retirement System	36,20036,200	$307,338	0.04%	TRIM -3%
85	AQR CAPITAL MANAGEMENT LLC	36,18036,180	$307,168	0.04%	TRIM -64%
86	JANUS HENDERSON GROUP PLC	36,11636,116	$306,805	0.04%	—
87	EntryPoint Capital, LLC	35,15035,150	$298,424	0.04%	TRIM -21%
88	JPMORGAN CHASE & CO	33,68533,685	$287,339	0.04%	TRIM -49%
89	Creative Planning	33,40333,403	$283,591	0.04%	ADD 18%
90	State of Tennessee, Department of Treasury	33,14633,146	$281,410	0.04%	ADD 7%
91	Vanguard Global Advisers, LLC	31,30331,303	$265,762	0.04%	NEW
92	Cresset Asset Management, LLC	30,04530,045	$261,091	0.04%	ADD 49%
93	Allworth Financial LP	30,61230,612	$259,900	0.04%	TRIM -53%
94	Waverly Advisors, LLC	29,98029,980	$254,530	0.04%	NEW
95	Cambridge Investment Research Advisors, Inc.	28,41828,418	$241,000	0.04%	ADD 11%
96	ROYAL BANK OF CANADA	26,98126,981	$228,000	0.03%	TRIM -46%
97	Brookwood Investment Group LLC	26,74726,747	$227,082	0.03%	—
98	INTECH INVESTMENT MANAGEMENT LLC	25,62025,620	$217,513	0.03%	TRIM -65%
99	Orion Porfolio Solutions, LLC	25,16125,161	$213,618	0.03%	—
100	Arkadios Wealth Advisors	23,89423,894	$202,858	0.03%	—

† a filer this large appearing as NEW usually reflects a renamed or succeeded filing entity (the old name stops filing the same quarter) — not a brand-new position.

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.

Buyers & sellers2026-Q1 vs 2025-Q4 · 103 bought / 116 sold · net +656,200 shares · 0.7d of ADV

Bought103 filers

Shares: 12,985,259
Value: $110M
Opened: 42 · 7,829,526 sh
Days of ADV: 13.0d

Sold116 filers

Shares: 12,329,059
Value: $105M
Closed: 43 · 10,345,301 sh
Days of ADV: 12.3d

Net (all filers) +656,200 sh · $6M · 1.3% of the prior register

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

BlackRock, Inc.

13.9M

13.7M

13.2M

13.0M

13.1M

$111M

VANGUARD CAPITAL MANAGEMENT LLC

—

3.6M

$30M

STATE STREET CORP

3.5M

3.4M

3.6M

3.3M

3.2M

$28M

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

802K

890K

972K

1.0M

1.1M

3.1M

$26M

VANGUARD PORTFOLIO MANAGEMENT LLC

—

2.8M

$24M

GRATIA CAPITAL, LLC

623K

575K

818K

801K

863K

2.3M

$19M

GEODE CAPITAL MANAGEMENT, LLC

1.9M

2.0M

$17M

Invesco Ltd.

1.1M

1.8M

1.7M

$15M

FRANKLIN RESOURCES INC

1.5M

$13M

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

1.2M

1.3M

1.2M

$10M

UBS Group AG

693K

346K

704K

873K

875K

1.2M

$10M

MORGAN STANLEY

649K

576K

688K

562K

601K

862K

$7M

NORTHERN TRUST CORP

959K

950K

893K

880K

800K

830K

$7M

VAN ECK ASSOCIATES CORP

726K

682K

683K

705K

798K

822K

$7M

Bank of New York Mellon Corp

575K

714K

652K

616K

607K

634K

$5M

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.

Institutional footprint by quarter

Line breaks are honest gaps — quarters with no 13F record, or a suppressed % — never interpolated. % of shares outstanding divides each quarter's as-filed 13F shares by the SEC cover-page share count dated to that same quarter (split-adjusted), not by today's count — so splits and buybacks don't move the line.

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	210	49,375,539	61.0%	$421M
2025-Q4	211	48,719,339	59.7%	$490M
2025-Q3

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.

Activists & large holders· Schedule 13D/G beneficial owners · FBRT

Full stake history →

Large holders — 13G, passive (top 3 by % of class)

Holder	% of class	Type	As of
BlackRock, Inc.	15.9%	QII	2025-06-30	SEC →
VANGUARD CAPITAL MANAGEMENT LLC	5.15%	QII	2026-03-31	SEC →
VANGUARD GROUP INC	0%	QII	2026-03-13	SEC →

Source: SEC Schedule 13D/13G structured XML. 13D = active intent; 13G filers report passively (Rule 13d-1(b) QII / 13d-1(c) Passive / 13d-1(d) Exempt) and are not activists. Percent and delta are the group aggregate the filing reports. Structured 13D/G coverage begins December 2024 (SEC XML mandate).

▸Register gapwho owns your peers and not you

13F

Institutional ownership· 13F filers holding FBRT · 2026-Q1 methodology → sources →

210 holders

% of shares outstanding held

61.0%

Shares held (13F)

49,375,539

Reporting holders

210

Active share of register38.5%185 active filers

Index / screened out61.5%25 filers

Reporting holders2102026-Q1

Top-10 concentration70.0%

HHI0.0963

Effective holders10.4

Crowding percentile60.5of 791 same-size names

Top holders

largest 100 of 210 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	BlackRock, Inc.	13,121,86013.1M	$111M	16.21%	—
2	VANGUARD CAPITAL MANAGEMENT LLC	3,560,6093.6M	$30M	4.40%	NEW†
3	STATE STREET CORP	3,209,5393.2M	$28M	3.96%	—
4	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	3,091,7483.1M	$26M	3.82%	ADD 176%
5	VANGUARD PORTFOLIO MANAGEMENT LLC	2,782,8502.8M	$24M	3.44%	NEW†
6	GRATIA CAPITAL, LLC	2,278,7002.3M	$19M	2.81%	ADD 164%
7	GEODE CAPITAL MANAGEMENT, LLC	2,041,8582.0M	$17M	2.52%	ADD 2%
8	Invesco Ltd.	1,739,4621.7M	$15M	2.15%	TRIM -5%
9	FRANKLIN RESOURCES INC	1,500,3861.5M	$13M	1.85%	—
10	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	1,217,7401.2M	$10M	1.50%	TRIM -3%
11	UBS Group AG	1,203,6801.2M	$10M	1.49%	ADD 38%
12	MORGAN STANLEY	862,038862,038	$7M	1.06%	ADD 43%
13	NORTHERN TRUST CORP	830,345830,345	$7M	1.03%	ADD 4%
14	VAN ECK ASSOCIATES CORP	822,254822,254	$7M	1.02%	ADD 3%
15	Bank of New York Mellon Corp	634,387634,387	$5M	0.78%	ADD 5%
16	GABELLI FUNDS LLC	556,252556,252	$5M	0.69%	ADD 13%
17	VANGUARD FIDUCIARY TRUST CO	533,270533,270	$5M	0.66%	NEW
18	Mariner, LLC	481,116481,116	$4M	0.59%	TRIM -4%
19	Q Global Advisors, LLC	398,078398,078	$3M	0.49%	ADD 32%
20	PRINCIPAL FINANCIAL GROUP INC	396,404396,404	$3M	0.49%	—
21	PRUDENTIAL FINANCIAL INC	362,016362,016	$3M	0.45%	TRIM -27%
22	CONDOR CAPITAL MANAGEMENT	338,294338,294	$3M	0.42%	—
23	Public Sector Pension Investment Board	291,758291,758	$2M	0.36%	ADD 3%
24	GOLDMAN SACHS GROUP INC	265,723265,723	$2M	0.33%	—
25	XTX Topco Ltd	264,209264,209	$2M	0.33%	ADD 108%
26	RHUMBLINE ADVISERS	231,790231,790	$2M	0.29%	—
27	Legal & General Group Plc	194,510194,510	$2M	0.24%	TRIM -7%
28	GAMCO INVESTORS, INC. ET AL	188,917188,917	$2M	0.23%	ADD 64%
29	DENALI ADVISORS LLC	180,800180,800	$2M	0.22%	NEW
30	Nuveen, LLC	166,132166,132	$1M	0.21%	TRIM -6%
31	Swiss National Bank	162,333162,333	$1M	0.20%	—
32	Orchard Capital Management, LLC	161,719161,719	$1M	0.20%	—
33	RAYMOND JAMES FINANCIAL INC	150,580150,580	$1M	0.19%	ADD 150%
34	Universal- Beteiligungs- und Servicegesellschaft mbH	148,766148,766	$1M	0.18%	ADD 614%
35	EXCHANGE TRADED CONCEPTS, LLC	148,388148,388	$1M	0.18%	ADD 121%
36	AMERIPRISE FINANCIAL INC	141,098141,098	$1M	0.17%	TRIM -11%
37	VARCOV Co.	136,861136,861	$1M	0.17%	NEW
38	INDEPENDENT FINANCIAL GROUP, LLC	132,976132,976	$1M	0.16%	TRIM -29%
39	ALLIANCEBERNSTEIN L.P.	111,008111,008	$1M	0.14%	—
40	JENNISON ASSOCIATES LLC	126,193126,193	$1M	0.16%	ADD 25%
41	BANK OF AMERICA CORP /DE/	125,027125,027	$1M	0.15%	ADD 51%
42	Penserra Capital Management LLC	117,510117,510	$997,000	0.15%	ADD 3%
43	FINANCIAL MANAGEMENT NETWORK INC	108,484108,484	$937,301	0.13%	TRIM -3%
44	Almitas Capital LLC	99,05499,054	$840,968	0.12%	NEW
45	Clear Point Advisors Inc.	17,06817,068	$840,964	0.02%	NEW
46	TWO SIGMA INVESTMENTS, LP	93,88493,884	$797,075	0.12%	TRIM -88%
47	CITADEL ADVISORS LLC	93,56193,561	$794,333	0.12%	TRIM -61%
48	VICTORY CAPITAL MANAGEMENT INC	88,49488,494	$751,314	0.11%	—
49	Strong Tower Advisory Services	86,74986,749	$736,499	0.11%	ADD 15%
50	Cetera Investment Advisers	85,66185,661	$727,263	0.11%	TRIM -33%
51	GREAT LAKES ADVISORS, LLC	85,29385,293	$724,138	0.11%	TRIM -10%
52	DEUTSCHE BANK AG\	82,19982,199	$697,870	0.10%	ADD 15%
53	Rockefeller Capital Management L.P.	78,05478,054	$662,678	0.10%	ADD 62%
54	Arax Advisory Partners	77,40777,407	$657,186	0.10%	TRIM -13%
55	PRICE T ROWE ASSOCIATES INC /MD/	77,24777,247	$656,000	0.10%	ADD 14%
56	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	76,24876,248	$647,346	0.09%	TRIM -11%
57	Jefferies Financial Group Inc.	73,63873,638	$625,187	0.09%	—
58	Farther Finance Advisors, LLC	72,08172,081	$604,760	0.09%	—
59	SUSQUEHANNA INTERNATIONAL GROUP, LLP	69,53269,532	$590,327	0.09%	ADD 107%
60	STATE OF WISCONSIN INVESTMENT BOARD	67,70367,703	$574,798	0.08%	NEW
61	Freestone Grove Partners LP	62,52462,524	$530,829	0.08%	NEW
62	VANGUARD ASSET MANAGEMENT, Ltd	58,51158,511	$496,758	0.07%	NEW
63	VOYA INVESTMENT MANAGEMENT LLC	56,31656,316	$478,123	0.07%	TRIM -56%
64	LPL Financial LLC	56,14156,141	$476,639	0.07%	ADD 2%
65	NEW YORK STATE COMMON RETIREMENT FUND	55,56555,565	$471,747	0.07%	ADD 125%
66	Thrivent Financial for Lutherans	54,43654,436	$462,000	0.07%	TRIM -27%
67	Zurcher Kantonalbank (Zurich Cantonalbank)	50,24650,246	$426,589	0.06%	ADD 55%
68	Advisor OS, LLC	48,93448,934	$415,450	0.06%	NEW
69	CITIGROUP INC	48,52648,526	$411,986	0.06%	TRIM -9%
70	MetLife Investment Management, LLC	46,16046,160	$391,898	0.06%	—
71	Quantinno Capital Management LP	43,02943,029	$365,317	0.05%	ADD 162%
72	Illinois Municipal Retirement Fund	42,00542,005	$356,622	0.05%	TRIM -3%
73	Klingman & Associates, LLC	41,70941,709	$354,108	0.05%	—
74	MILLENNIUM MANAGEMENT LLC	41,49641,496	$352,301	0.05%	NEW
75	Abel Hall, LLC	41,32641,326	$350,858	0.05%	ADD 66%
76	State of Alaska, Department of Revenue	40,25840,258	$341,000	0.05%	TRIM -2%
77	PRELUDE CAPITAL MANAGEMENT, LLC	40,13540,135	$340,746	0.05%	—
78	Miller Global Investments, LLC	39,42039,420	$334,676	0.05%	—
79	Magnus Financial Group LLC	38,41638,416	$326,152	0.05%	—
80	OSAIC HOLDINGS, INC.	37,68337,683	$319,925	0.05%	TRIM -16%
81	WELLS FARGO & COMPANY/MN	37,46537,465	$318,076	0.05%	TRIM -60%
82	MERCER GLOBAL ADVISORS INC /ADV	37,00637,006	$314,181	0.05%	NEW
83	NEW YORK STATE TEACHERS RETIREMENT SYSTEM	36,61736,617	$311,000	0.05%	TRIM -26%
84	Louisiana State Employees Retirement System	36,20036,200	$307,338	0.04%	TRIM -3%
85	AQR CAPITAL MANAGEMENT LLC	36,18036,180	$307,168	0.04%	TRIM -64%
86	JANUS HENDERSON GROUP PLC	36,11636,116	$306,805	0.04%	—
87	EntryPoint Capital, LLC	35,15035,150	$298,424	0.04%	TRIM -21%
88	JPMORGAN CHASE & CO	33,68533,685	$287,339	0.04%	TRIM -49%
89	Creative Planning	33,40333,403	$283,591	0.04%	ADD 18%
90	State of Tennessee, Department of Treasury	33,14633,146	$281,410	0.04%	ADD 7%
91	Vanguard Global Advisers, LLC	31,30331,303	$265,762	0.04%	NEW
92	Cresset Asset Management, LLC	30,04530,045	$261,091	0.04%	ADD 49%
93	Allworth Financial LP	30,61230,612	$259,900	0.04%	TRIM -53%
94	Waverly Advisors, LLC	29,98029,980	$254,530	0.04%	NEW
95	Cambridge Investment Research Advisors, Inc.	28,41828,418	$241,000	0.04%	ADD 11%
96	ROYAL BANK OF CANADA	26,98126,981	$228,000	0.03%	TRIM -46%
97	Brookwood Investment Group LLC	26,74726,747	$227,082	0.03%	—
98	INTECH INVESTMENT MANAGEMENT LLC	25,62025,620	$217,513	0.03%	TRIM -65%
99	Orion Porfolio Solutions, LLC	25,16125,161	$213,618	0.03%	—
100	Arkadios Wealth Advisors	23,89423,894	$202,858	0.03%	—

† a filer this large appearing as NEW usually reflects a renamed or succeeded filing entity (the old name stops filing the same quarter) — not a brand-new position.

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.

Buyers & sellers2026-Q1 vs 2025-Q4 · 103 bought / 116 sold · net +656,200 shares · 0.7d of ADV

Bought103 filers

Shares: 12,985,259
Value: $110M
Opened: 42 · 7,829,526 sh
Days of ADV: 13.0d

Sold116 filers

Shares: 12,329,059
Value: $105M
Closed: 43 · 10,345,301 sh
Days of ADV: 12.3d

Net (all filers) +656,200 sh · $6M · 1.3% of the prior register

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

BlackRock, Inc.

13.9M

13.7M

13.2M

13.0M

13.1M

$111M

VANGUARD CAPITAL MANAGEMENT LLC

—

3.6M

$30M

STATE STREET CORP

3.5M

3.4M

3.6M

3.3M

3.2M

$28M

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

802K

890K

972K

1.0M

1.1M

3.1M

$26M

VANGUARD PORTFOLIO MANAGEMENT LLC

—

2.8M

$24M

GRATIA CAPITAL, LLC

623K

575K

818K

801K

863K

2.3M

$19M

GEODE CAPITAL MANAGEMENT, LLC

1.9M

2.0M

$17M

Invesco Ltd.

1.1M

1.8M

1.7M

$15M

FRANKLIN RESOURCES INC

1.5M

$13M

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

1.2M

1.3M

1.2M

$10M

UBS Group AG

693K

346K

704K

873K

875K

1.2M

$10M

MORGAN STANLEY

649K

576K

688K

562K

601K

862K

$7M

NORTHERN TRUST CORP

959K

950K

893K

880K

800K

830K

$7M

VAN ECK ASSOCIATES CORP

726K

682K

683K

705K

798K

822K

$7M

Bank of New York Mellon Corp

575K

714K

652K

616K

607K

634K

$5M

Institutional footprint by quarter

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	210	49,375,539	61.0%	$421M
2025-Q4	211	48,719,339	59.7%	$490M
2025-Q3

Short interest has its own tab now — open SI →

Activists & large holders· Schedule 13D/G beneficial owners · FBRT

Full stake history →

Large holders — 13G, passive (top 3 by % of class)

Holder	% of class	Type	As of
BlackRock, Inc.	15.9%	QII	2025-06-30	SEC →
VANGUARD CAPITAL MANAGEMENT LLC	5.15%	QII	2026-03-31	SEC →
VANGUARD GROUP INC	0%	QII	2026-03-13	SEC →

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Institutional ownership· 13F filers holding FBRT · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Activists & large holders· Schedule 13D/G beneficial owners · FBRT

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Institutional ownership· 13F filers holding FBRT · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Activists & large holders· Schedule 13D/G beneficial owners · FBRT

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