Belden

BDC • NYSE

Belden is a communication equipment company in the technology sector on NYSE, led by Ashish Chand, with a market cap of $4.8B. As of Q3 2025, 101% of shares are held by 327 institutional investors, with FMR LLC as the largest holder at 15.0%.

President and Chief Executive OfficerAshish Chand

Market Cap$4.8B

Communication Equipment

Technology

Employees8.0K

Websitebelden.com

Country

United States of America

Overview

Overview of institutional ownership in BDC as of Q3 2025 with a market cap of $4.8B

All Institutions

Institutions: 327
Value Held: $4.8B
Shares Held: 40.0M
Avg Position: $14.7M
Median Position: $772.9K

Hedge Funds

Hedge Funds: 25
Value Held: $79.9M
Shares Held: 664.6K
Avg Position: $3.2M
Median Position: $546.4K

Ownership Breakdown

Institutional (non-HF)

99.3%

$4.7B

Hedge Funds

1.68%

$79.9M

Retail & Other

Based on market cap of $4.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in BDC as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
FMR LLC Institution	-	$714.8M 0.04% of portfolio	15.00% 5.9M shares	Q3 2021 Held for 4y 2m	$1.92T
B BlackRock, Inc. Institution	-	$597.2M 0.01% of portfolio	12.53% 5.0M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$588.5M 0.01% of portfolio	12.35% 4.9M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$308.1M 0.03% of portfolio	6.47% 2.6M shares	≤ Q2 2013 Held for 12y 5m+	$912.31B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$181.3M 0.01% of portfolio	3.80% 1.5M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$176.3M 0.03% of portfolio	3.70% 1.5M shares	≤ Q2 2013 Held for 12y 5m+	$571.21B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$127.7M 0.03% of portfolio	2.68% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$122.2M 0.02% of portfolio	2.56% 1.0M shares	≤ Q2 2013 Held for 12y 5m+	$633.08B
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	Raife Brandon Giovinazzo Managing Partner	$120.6M 0.41% of portfolio	2.53% 1.0M shares	Q4 2022 Held for 2y 11m	$29.4B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$118.0M 0.01% of portfolio	2.48% 981.4K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T

Net Capital Flow

Institutional buying and selling activity for BDC in Q3 2025

Traded: +$71.9M
Buyers: 154
Sellers: 165
Total Bought: +$419.3M
Total Sold: −$347.4M
Avg Position: $13.1M

Biggest Buyers

Institution	Net Bought	Current Position
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$206.9M +1.7M shares	$308.1M 2.6M shares
FMR LLC Institution	+$56.5M +469.6K shares	$714.8M 5.9M shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	+$27.0M +224.7K shares	$27.0M 224.7K shares
GOLDMAN SACHS GROUP INC Institution	+$17.7M +147.1K shares	$40.3M 334.8K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$15.3M +127.2K shares	$17.4M 145.0K shares
VANGUARD GROUP INC Institution	+$11.2M +93.3K shares	$588.5M 4.9M shares
UBS Group AG Institution	+$8.8M +73.1K shares	$22.3M 185.7K shares
R ROYAL BANK OF CANADA Institution	+$5.7M +47.4K shares	$7.8M 64.7K shares
MetLife Investment Advisors, LLC Insurance Manager	+$5.1M +42.7K shares	$5.1M 42.7K shares
C Candelo Capital Management LP Hedge Fund•Long/Short	+$5.1M +42.2K shares	$5.1M 42.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
ALLIANCEBERNSTEIN L.P. Long Only Manager	−$58.0M −482.5K shares	$10.0M 83.0K shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$28.9M −240.1K shares	$176.3M 1.5M shares
Channing Capital Management, LLC Long Only Manager	−$25.8M −214.7K shares	$49.5M 411.2K shares
SG Capital Management LLC Hedge Fund•Event Driven	−$18.9M −163.1K shares	Sold Off 0 shares
Allspring Global Investments Holdings, LLC Long Only Manager	−$17.2M −145.1K shares	$109.7M 926.8K shares
BARCLAYS PLC Institution	−$11.7M −97.6K shares	$11.2M 93.5K shares
Aristotle Capital Boston, LLC Long Only Manager	−$10.4M −86.1K shares	$28.9M 239.9K shares
SEGALL BRYANT & HAMILL Long Only Manager	−$9.2M −76.1K shares	$41.5M 345.2K shares
SILVERCREST ASSET MANAGEMENT GROUP LLC RIA/Wealth	−$8.9M −73.9K shares	$55.7M 463.3K shares
M MACQUARIE GROUP LTD Institution	−$7.7M −63.9K shares	$68.0M 565.7K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited BDC in Q3 2025

New Positions: 14
New Value: $8.0M
Exited Positions: 39
Exited Value: $63.7M

New Positions

Institution	Position Value
Y Yaupon Capital Management LP Hedge Fund•Multi-Strategy	$4.7M 39.0K shares
Riverwater Partners LLC RIA/Wealth	$1.8M 15.3K shares
F Farringdon Capital, Ltd. Institution	$562.0K 4.7K shares
I INCEPTIONR LLC Hedge Fund•Quant	$285.4K 2.4K shares
Polar Securities Inc. Hedge Fund•Multi-Strategy	$222.0K 1.8K shares
L Lingohr & Partner Asset Management GmbH Institution	$201.9K 1.7K shares
Virtus ETF Advisers LLC Long Only Manager	$200.1K 1.7K shares
R Root Financial Partners, LLC RIA/Wealth	$15.3K 127.0 shares
CX Institutional RIA/Wealth	$14.9K 124.0 shares
FIRST HORIZON NATIONAL CORP RIA/Wealth	$2.5K 21.0 shares

Exited Positions

Institution	Previous Position
SG Capital Management LLC Hedge Fund•Event Driven	$18.9M 163.1K shares
I Invenomic Capital Management LP Hedge Fund•Long/Short	$6.2M 53.9K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$6.0M 51.8K shares
Trexquant Investment LP Hedge Fund•Quant	$5.8M 50.5K shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Long Only Manager	$3.6M 30.8K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$3.3M 28.6K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	$2.7M 23.3K shares
S SOROS FUND MANAGEMENT LLC Institution	$2.5M 21.5K shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	$2.4M 20.6K shares
S Sapience Investments, LLC Long Only Manager	$1.6M 13.8K shares

Options Activity

Institutions with the largest Call and Put options positions in BDC as of Q3 2025

Call Positions: 3
Call Value: $1.5M
Put Positions: 2
Put Value: $649.5K

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$709.6K 59.0 contracts
P PEAK6 LLC Institution	$505.1K 42.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$324.7K 27.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$408.9K 34.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$240.5K 20.0 contracts

Most Committed Institutions

Institutions with BDC as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
SOUTHERNSUN ASSET MANAGEMENT, LLC Long Only Manager	Michael Whitman Cook Chairman	4.56% $35.2M	0.74% 292.4K shares	Q2 2018 Held for 7y 5m	$771.8M
C Candelo Capital Management LP Hedge Fund•Long/Short	John Cormac Mcmongale CIO	4.54% $5.1M	0.11% 42.2K shares	Q3 2025 Held for 2 months	$111.8M
Aristotle Capital Boston, LLC Long Only Manager	David Michael Adams CEO	1.48% $28.9M	0.61% 239.9K shares	Q4 2014 Held for 10y 11m	$2.0B
WATERS PARKERSON & CO., LLC RIA/Wealth	Devin John Wakeman Managing Partner	1.32% $27.1M	0.57% 225.6K shares	Q3 2022 Held for 3y 2m	$2.1B
Channing Capital Management, LLC Long Only Manager	Rodney Bernard Herenton CEO	1.30% $49.5M	1.04% 411.2K shares	Q2 2022 Held for 3y 5m	$3.8B
Kennondale Capital Management LLC RIA/Wealth	Andrew Slay Managing Partner	0.84% $1.1M	0.02% 9.1K shares	Q4 2024 Held for 11 months	$130.6M
Riverwater Partners LLC RIA/Wealth	Adam Jonathan Peck CIO	0.76% $1.8M	0.04% 15.3K shares	Q3 2025 Held for 2 months	$240.9M
Granite Investment Partners, LLC Long Only Manager	Peter Orlando Lopez Managing Partner	0.73% $12.9M	0.27% 107.3K shares	Q3 2021 Held for 4y 2m	$1.8B
Phocas Financial Corp. Long Only Manager	William Franz Kim Schaff CEO	0.71% $5.4M	0.11% 45.3K shares	Q2 2025 Held for 5 months	$771.4M
Twelve Points Wealth Management LLC RIA/Wealth	David Matthew Clayman CEO	0.69% $2.8M	0.06% 23.0K shares	Q4 2021 Held for 3y 11m	$399.1M

Hedge Fund Spotlight

Discover hedge funds investing in BDC

Candelo Capital Management LP

Hedge Fund • Long/Short

Portfolio ManagerJohn Cormac Mcmongale

Portfolio Value: $111.8M
Positions: 26
Last Reported: Q3 2025

Sector Allocation

Position in Belden

Market Value: $5.1M
Shares Held: 42.2K
Portfolio Weight: 4.54%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Teledyne Technologies TDY	Hardware, Equipment & Parts Technology	$9.0M	8.07%
2 TC Energy TRP	Oil & Gas Midstream Energy	$7.3M	6.53%
3 Union Pacific UNP	Railroads Industrials	$5.8M	5.20%