13FPulse
FB

FBRT FRANKLIN BSP REALTY TRUST IN

2026Q2 · CUSIP 35243J101 · Sector: REITs

Piling in

Net holder growth ranks near the top of the market

Funds that own it
236
Institutions that reported holding it to the SEC
Net increase in holders
+26
Last quarter 210 → now 236
How unusual is that
Top 20%
Stronger buying than 87% of US stocks
What the filings say, in one paragraph

236 funds held FBRT at the end of 2026Q2, up 26 from the quarter before. That is stronger buying than 87.4% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $305M(YoY +37.0%), the P/E is 19.3x, return on equity is 4.6%. FBRT has had 3 buying rushes in its history, and the price moved +5.5% 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 REITs sector.

How many funds owned it, quarter by quarter

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

2021Q4: holders=124 2022Q1: holders=131 2022Q2: holders=184 2022Q3: holders=183 2022Q4: holders=188 2023Q1: holders=179 2023Q2: holders=180 2023Q3: holders=185 2023Q4: holders=183 2024Q1: holders=178 2024Q2: holders=188 2024Q3: holders=187 2024Q4: holders=200 2025Q1: holders=211 2025Q2: holders=210 2025Q3: holders=215 2025Q4: holders=211 2026Q1: holders=210 2026Q2: holders=236 -123 -61.5 +0 +61.5 +123 111180248 21Q422Q222Q423Q223Q424Q224Q425Q225Q426Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 3 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 20%
2022Q2 Top 1% in the market -4.0% +0.4%
2021Q4 Top 5% +6.9% +10.5%

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
119
Change in large funds
+9
Total value they hold
$384M
Funds buying for the first time
63
Funds that sold out entirely
37
Price change that quarter
-4.6%
Funds holding puts (bearish)
0
Funds holding calls (bullish)
4

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)
19.3
EPS (TTM)
$0.44
EPS YoY
-54.6%
Revenue (TTM)
$0.3B
Revenue YoY
+37.0%
Net margin
20.5%
ROE
4.6%
Debt ratio
75.7%
FCF (TTM)
Dividend (TTM)
$1.11
Quarterly Revenue & EPS
2022-09-30: EPS 0.34 2022-12-31: EPS 0.70 2023-03-31: EPS 0.44 2023-06-30: EPS 0.39 2023-09-30: EPS 0.30 2023-12-31: EPS 0.29 2024-03-31: EPS 0.35 2024-06-30: EPS -0.11 2024-09-30: EPS 0.30 2024-12-31: EPS 0.28 2025-03-31: EPS 0.20 2025-06-30: EPS 0.19 2025-09-30: EPS 0.12 2025-12-31: EPS 0.13 2026-03-31: EPS 0.07 2026-06-30: EPS 0.12 0M 45M 90M $M -0.12 0.32 0.77 2016201720182019202020212022202320242025202606/26 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 12 5 12 19 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

As of 2026-06-30 · SEC filings (XBRL)

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