13FPulse
BD

BDC BELDEN INC

2026Q2 · CUSIP 077454106 · Sector: Materials

Funds left

Funds are exiting, but the price is holding

Funds that own it
366
Institutions that reported holding it to the SEC
Net decrease in holders
16
Last quarter 382 → now 366
How unusual is that
Bottom 20%
Stronger than only 9% of US stocks
What the filings say, in one paragraph

366 funds held BDC at the end of 2026Q2, down 16 from the quarter before. Buying has faded, though the price is holding up. On the business itself, revenue over the last 12 months was $2.9B(YoY +9.4%), the P/E is 18.7x, return on equity is 17.6%. BDC has had 11 buying rushes in its history, and the price moved +3.3% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Materials sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=173 2013Q4: holders=191 2014Q1: holders=198 2014Q2: holders=207 2014Q3: holders=207 2014Q4: holders=209 2015Q1: holders=223 2015Q2: holders=216 2015Q3: holders=196 2015Q4: holders=191 2016Q1: holders=202 2016Q2: holders=210 2016Q3: holders=230 2016Q4: holders=250 2017Q1: holders=246 2017Q2: holders=231 2017Q3: holders=230 2017Q4: holders=248 2018Q1: holders=236 2018Q2: holders=230 2018Q3: holders=227 2018Q4: holders=218 2019Q1: holders=225 2019Q2: holders=228 2019Q3: holders=209 2019Q4: holders=197 2020Q1: holders=179 2020Q2: holders=183 2020Q3: holders=174 2020Q4: holders=180 2021Q1: holders=183 2021Q2: holders=186 2021Q3: holders=195 2021Q4: holders=239 2022Q1: holders=241 2022Q2: holders=229 2022Q3: holders=267 2022Q4: holders=312 2023Q1: holders=316 2023Q2: holders=320 2023Q3: holders=313 2023Q4: holders=286 2024Q1: holders=280 2024Q2: holders=294 2024Q3: holders=307 2024Q4: holders=341 2025Q1: holders=338 2025Q2: holders=341 2025Q3: holders=338 2025Q4: holders=357 2026Q1: holders=382 2026Q2: holders=366 -45 -22.5 +0 +22.5 +45 155279402 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 11 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q1 Top 20%
2024Q4 Top 20% -2.1% +8.2%
2024Q2 Top 20% +18.0% +13.0%
2022Q4 Top 10% -4.2% -4.5%
2022Q3 Top 5% +11.9% +6.7%
2021Q4 Top 20% -2.7% +23.7%
2016Q4 Top 20% -8.2% -2.6%
2016Q3 Top 10% +0.7% -6.6%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
182
Change in large funds
+6
Total value they hold
$5.0B
Funds buying for the first time
53
Funds that sold out entirely
69
Price change that quarter
+10.6%
Funds holding puts (bearish)
3
Funds holding calls (bullish)
5

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
18.7
EPS (TTM)
$6.15
EPS YoY
+11.6%
Revenue (TTM)
$2.9B
Revenue YoY
+9.4%
Net margin
8.5%
ROE
17.6%
Debt ratio
61.2%
FCF (TTM)
$212M
Dividend (TTM)
$0.20
Quarterly Revenue & EPS
2022-10-02: EPS 2.23 2022-12-31: EPS 1.39 2023-04-02: EPS 1.45 2023-07-02: EPS 1.60 2023-10-01: EPS 1.70 2023-12-31: EPS 0.91 2024-03-31: EPS 0.90 2024-06-30: EPS 1.19 2024-09-29: EPS 1.30 2024-12-31: EPS 1.41 2025-03-30: EPS 1.27 2025-06-29: EPS 1.53 2025-09-28: EPS 1.41 2025-12-31: EPS 1.70 2026-03-29: EPS 1.30 2026-06-28: EPS 1.74 0M 375M 750M $M 0.00 1.23 2.45 201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 22 10 19 29 2023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-100M27M154M 20162017201820192020202120222023202420252026
Latest quarter $-63M (2026-03-29)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-28 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.