Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Putnam ETF Trust (PBDC)

64 + Investors. Track Smart Money conviction in PBDC. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
3Q ▲
Buyers last Q
49%

Smart Money Signals — PBDC

Based on 58 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added PBDC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
58 hedge funds hold PBDC right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +53% more funds vs a year ago

fund count last 6Q
+20 new funds entered over the past year (+53% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟠

More sellers than buyers — 49% buying

35 buying37 selling
Last quarter: 37 funds reduced or exited vs 35 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~18 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 5 → 9 → 22 → 18. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 53% entered in last year

■ 17% conviction (2yr+) ■ 29% medium ■ 53% new
Only 10 funds (17%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💎

Buying through price weakness — shares +31%, value +15%

Value
+15%
Shares
+31%
Last quarter: funds added +31% more shares while total portfolio value only changed +15%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
🚀

Acceleration phase — new buyers rushing in

7 → 5 → 9 → 22 → 18 new funds/Q
New funds entering each quarter: 5 → 9 → 22 → 18. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🌱

Early stage — 60% of holders entered in last year

■ 17% veterans ■ 22% 1-2yr ■ 60% new
Of 58 current holders: 35 (60%) entered in the past year, only 10 (17%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
📋

Smaller funds dominant — 11% AUM from top-100

11% from top-100 AUM funds
5 of 58 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
5.2
out of 10
Moderate Exit Risk
Exit risk score 5.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — PBDC

In 2026 Q1, 35 hedge funds were net buyers of PBDC (18 opened a new position, 17 added to an existing one), while 37 reduced or exited (22 trimmed, 15 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 58.

Hedge Fund Ownership: PBDC

How many hedge funds hold PBDC — quarterly history vs. share price
Quarterly hedge fund ownership of PBDC vs. share price

Market Analysis: PBDC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PBDC

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 1 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: PBDC
64 + Investors

Track Smart Money conviction in PBDC. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 64 58 10.34%
13F Shares 3M 2M 23.62%
Total Value $76M $61M 23.77%
New Positions 16 18 -2
Increased Positions 29 17 +12
Closed Positions 10 15 -5
Reduced Positions 15 22 -7
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PBDC

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Institutional Holders (2026 Q2)

64 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in PBDC. Verified SEC 13F-HR filings.

QUARTER:
Top 25 PBDC holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Prota Financial, LLC 3.53% 195,691 $5.4M
2 Closed-End Fund Advisors, Inc. 1.27% 47,816 $1.3M
3 LexAurum Advisors, LLC 0.72% 230,340 $6.3M
4 Condor Capital Management 0.67% 326,738 $8.9M
5 Haven Private, LLC 0.57% 54,983 $1.5M
6 Evolution Wealth Advisors, LLC 0.39% 123,700 $3.4M
7 Almanack Investment Partners, LLC. 0.14% 39,748 $1.1M
8 Brookwood Investment Group LLC 0.12% 40,065 $1.1M
9 Legacy Wealth Managment, LLC/ID 0.09% 7,857 $214K
10 Samalin Investment Counsel, LLC 0.07% 7,857 $214K
11 Focused Alpha, LLC 0.06% 9,034 $246K
12 Kathmere Capital Management, LLC 0.05% 33,516 $912K
13 Naviter Wealth, LLC 0.05% 19,466 $530K
14 Beaumont Financial Advisors, LLC 0.05% 26,698 $726K
15 Discipline Wealth Solutions, LLC 0.05% 19,188 $522K
16 Clark Capital Management Group, Inc. 0.03% 204,640 $5.6M
17 Miller Global Investments, LLC 0.03% 1,345 $37K
18 Advyzon Investment Management, LLC 0.03% 13,249 $360K
19 RFG Advisory, LLC 0.02% 48,155 $1.3M
20 Apollon Wealth Management, LLC 0.02% 57,252 $1.6M
21 Wealthcare Advisory Partners LLC 0.01% 18,122 $493K
22 Russell Investments Group, Ltd. 0.01% 359,661 $9.8M
23 Stratos Wealth Partners, LTD. 0.01% 23,585 $642K
24 NewEdge Advisors, LLC 0.01% 77,124 $2.1M
25 Independent Financial Group, LLC 0.01% 12,034 $327K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Putnam ETF Trust (PBDC)

What does the Smart Money Trend signal show for PBDC?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added PBDC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for PBDC?

More sellers than buyers — 49% buying: Last quarter: 37 funds reduced or exited vs 35 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for PBDC holders?

Smaller funds dominant — 11% AUM from top-100: 5 of 58 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held PBDC?

Mostly new holders — 53% entered in last year: Only 10 funds (17%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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