VanEck BDC Income

BIZD • ARCA

VanEck BDC Income is an exchange-traded fund on ARCA. As of Q3 2025, 227 institutional investors hold shares in this ETF, with total holdings valued at $655.3M. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $92.3M.

Overview

Overview of institutional ownership in BIZD as of Q3 2025

All Institutions

Institutions: 227
Value Held: $655.3M
Shares Held: 43.8M
Avg Position: $2.9M
Median Position: $470.4K

Hedge Funds

Hedge Funds: 5
Value Held: $2.4M
Shares Held: 160.9K
Avg Position: $480.7K
Median Position: $358.8K

Biggest Investors

Institutions with the largest positions in BIZD as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$92.3M 0.01% of portfolio	6.2M shares	Q2 2014 Held for 11y 6m	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$88.3M 0.01% of portfolio	5.9M shares	Q4 2013 Held for 12 years	$1.65T
L LPL Financial LLC Institution	-	$41.1M 0.01% of portfolio	2.8M shares	Q4 2013 Held for 12 years	$340.07B
G Generali Asset Management SPA SGR Institution	-	$32.9M 0.70% of portfolio	2.2M shares	Q3 2025 Held for 3 months	$4.7B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$29.2M 0.01% of portfolio	2.0M shares	Q4 2018 Held for 7 years	$488.52B
B Bank Julius Baer & Co. Ltd, Zurich Institution	-	$23.6M 0.07% of portfolio	1.6M shares	Q3 2025 Held for 3 months	$35.5B
M Mission Hills Financial Advisory, LLC RIA/Wealth	Harold Everett Peterson Managing Partner	$16.8M 8.91% of portfolio	1.1M shares	Q3 2024 Held for 1y 3m	$188.2M
UBS Group AG Institution	Sergio P. Ermotti CEO	$16.5M 0.00% of portfolio	1.1M shares	Q1 2017 Held for 8y 9m	$511.60B
Q Quadrature Capital Ltd Institution	-	$15.8M 0.19% of portfolio	1.1M shares	Q3 2025 Held for 3 months	$8.5B
Touchstone Capital, Inc. RIA/Wealth	Theodore Stephen Kerr CEO	$15.5M 8.41% of portfolio	1.0M shares	Q3 2025 Held for 3 months	$184.2M

Net Capital Flow

Institutional buying and selling activity for BIZD in Q3 2025

Traded: +$149.1M
Buyers: 132
Sellers: 78
Total Bought: +$178.3M
Total Sold: −$29.2M
Avg Position: $2.6M

Biggest Buyers

Institution	Net Bought	Current Position
G Generali Asset Management SPA SGR Institution	+$32.9M +2.2M shares	$32.9M 2.2M shares
B Bank Julius Baer & Co. Ltd, Zurich Institution	+$23.6M +1.6M shares	$23.6M 1.6M shares
MORGAN STANLEY RIA/Wealth	+$18.1M +1.2M shares	$88.3M 5.9M shares
Q Quadrature Capital Ltd Institution	+$15.8M +1.1M shares	$15.8M 1.1M shares
Touchstone Capital, Inc. RIA/Wealth	+$15.5M +1.0M shares	$15.5M 1.0M shares
BANK OF AMERICA CORP /DE/ Institution	+$13.2M +885.9K shares	$92.3M 6.2M shares
CAMBRIDGE ASSOCIATES LLC /MA/ /ADV Fund of Funds	+$6.9M +461.2K shares	$6.9M 461.2K shares
Marshall Wace LLP Institution	+$5.2M +344.9K shares	$5.2M 344.9K shares
B BESSEMER GROUP INC Institution	+$3.4M +230.6K shares	$3.4M 230.6K shares
Cetera Investment Advisers RIA/Wealth	+$2.6M +175.7K shares	$4.4M 296.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
Clark Capital Management Group, Inc. RIA/Wealth	−$4.8M −321.1K shares	$3.3M 220.4K shares
WELLS FARGO & COMPANY/MN Institution	−$2.9M −191.8K shares	$29.2M 2.0M shares
BABSON CAPITAL MANAGEMENT LLC Insurance Manager	−$2.1M −140.7K shares	$1.4M 95.6K shares
Ameritas Advisory Services, LLC RIA/Wealth	−$1.9M −119.6K shares	Sold Off 0 shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$1.4M −94.2K shares	$737.0K 49.3K shares
CENTAURUS FINANCIAL, INC. RIA/Wealth	−$1.3M −88.8K shares	$1.8M 123.6K shares
B Black Swift Group, LLC RIA/Wealth	−$1.2M −72.0K shares	Sold Off 0 shares
WHITTIER TRUST CO OF NEVADA INC RIA/Wealth	−$1.1M −65.7K shares	Sold Off 0 shares
S STIFEL FINANCIAL CORP Long Only Manager	−$981.5K −65.7K shares	$5.9M 397.6K shares
NWF Advisory Services Inc. RIA/Wealth	−$958.0K −58.8K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 18
New Value: $62.5M
Exited Positions: 24
Exited Value: $9.4M

New Positions

Institution	Position Value
G Generali Asset Management SPA SGR Institution	$32.9M 2.2M shares
Touchstone Capital, Inc. RIA/Wealth	$15.5M 1.0M shares
CAMBRIDGE ASSOCIATES LLC /MA/ /ADV Fund of Funds	$6.9M 461.2K shares
B BESSEMER GROUP INC Institution	$3.4M 230.6K shares
F FIL Ltd Institution	$1.5M 101.3K shares
Discipline Wealth Solutions, LLC RIA/Wealth	$521.5K 34.9K shares
B BRYN MAWR TRUST CO/PA Institution	$373.5K 25.0K shares
Maia Wealth LLC RIA/Wealth	$349.8K 24.7K shares
Summit Financial, LLC RIA/Wealth	$297.3K 19.9K shares
B&L ASSET MANAGEMENT LLC RIA/Wealth	$277.3K 18.6K shares

Exited Positions

Institution	Previous Position
Ameritas Advisory Services, LLC RIA/Wealth	$1.9M 119.6K shares
B Black Swift Group, LLC RIA/Wealth	$1.2M 72.0K shares
WHITTIER TRUST CO OF NEVADA INC RIA/Wealth	$1.1M 65.7K shares
NWF Advisory Services Inc. RIA/Wealth	$958.0K 58.8K shares
Sowell Financial Services LLC RIA/Wealth	$770.3K 47.3K shares
TOWNSQUARE CAPITAL LLC RIA/Wealth	$665.3K 40.9K shares
L2 Asset Management, LLC Hedge Fund•Long/Short	$371.7K 22.8K shares
L & S Advisors Inc RIA/Wealth	$338.9K 20.8K shares
Concurrent Investment Advisors, LLC RIA/Wealth	$280.9K 17.3K shares
CAPTRUST FINANCIAL ADVISORS RIA/Wealth	$236.5K 14.5K shares

Options Activity

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

Call Positions: 1
Call Value: $185.3K
Put Positions: 2
Put Value: $1.3M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$185.3K 124.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.3M 860.0 contracts
B Belvedere Trading LLC Institution	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
M Mission Hills Financial Advisory, LLC RIA/Wealth	Harold Everett Peterson Managing Partner	8.91% $16.8M	1.1M shares	Q3 2024 Held for 1y 3m	$188.2M
Touchstone Capital, Inc. RIA/Wealth	Theodore Stephen Kerr CEO	8.41% $15.5M	1.0M shares	Q3 2025 Held for 3 months	$184.2M
Haven Private, LLC RIA/Wealth	Marc R Angle CEO	4.05% $9.2M	613.7K shares	Q4 2024 Held for 1 year	$226.6M
BARD ASSOCIATES INC RIA/Wealth	Timothy Bard Johnson Founder	2.65% $10.0M	668.8K shares	Q3 2024 Held for 1y 3m	$376.6M
M Measured Risk Portfolios, Inc. RIA/Wealth	Lawrence Douglas Kriesmer President	2.31% $2.1M	142.2K shares	Q4 2024 Held for 1 year	$92.0M
Investment Partners Asset Management, Inc. RIA/Wealth	Gregg Thomas Abella CEO	1.06% $1.6M	106.6K shares	Q4 2023 Held for 2 years	$150.3M
CONDOR CAPITAL MANAGEMENT RIA/Wealth	Kenneth Paul Schapiro CEO	1.04% $12.7M	852.0K shares	Q2 2020 Held for 5y 6m	$1.2B
F Future Financial Wealth Managment LLC RIA/Wealth	Dennis Paul Marinich Managing Partner	0.97% $1.5M	103.4K shares	Q4 2020 Held for 5 years	$158.7M
Alpha Wealth Funds, LLC Hedge Fund•Long/Short	Chase Richard Thomas Owner	0.85% $1.0M	69.4K shares	Q4 2024 Held for 1 year	$122.2M
Shilanski & Associates, Inc. RIA/Wealth	Jamie Carlene Shilanski CEO	0.83% $3.1M	207.8K shares	Q4 2022 Held for 3 years	$376.3M

Hedge Fund Spotlight

Discover hedge funds investing in BIZD

Everstar Asset Management, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerLee Christopher Larson

Portfolio Value: $176.3M
Positions: 189
Last Reported: Q3 2025

Sector Allocation

Position in VanEck BDC Income

Market Value: $358.8K
Shares Held: 24.0K
Portfolio Weight: 0.20%
Owned Since: 2024-Q3

Top Holding	Sector	Market Value	Weight
1 SPDR Bloomberg 1-3 Month T-Bill ETF BIL	ETF ETF	$9.9M	5.59%
2 iShares 1-3 Year Treasury Bond SHY	ETF ETF	$8.7M	4.96%
3 iShares 3-7 Year Treasury Bond IEI	ETF ETF	$7.9M	4.49%