BGC Group, Inc. (BGC) shareholders
BGCNasdaqSecurity & Commodity Brokers, Dealers, Exchanges & ServicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 17/3015% below fair value
$11.14−0.11 (-0.98%)
Close on Nov 12, 2026Market cap $5.30BP/E 22.7Yield 0.72%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
65.4%
311M of 475M shares
Institutional holders
367
57 new, 44 sold out
Net institutional buying
11M
In Q2 2026
Insider trades, 12 months
0 buys · 1 sales
Net sold $95.50K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Brandon G. Lutnick Joint filing with CF Group Management, Inc. (22.30%), Cantor Fitzgerald, L. P. (21.90%) | 111,384,474 | 23.40% | 13D (active) amendment | Oct 6, 2025 |
| BlackRock, Inc. | 51,743,911 | 14.20% | 13G (passive) amendment | Sep 30, 2025 |
| David Rosen Joint filing with Rubric Capital Management LP (5.84%) | 21,000,000 | 5.84% | 13G (passive) | Dec 31, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of BGC | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 57,478,652 | 12.09% | $614.45M | +2,880,456 | 0.01% |
| Vanguard Portfolio Management LLC | 25,739,608 | 5.41% | $275.16M | +1,195,417 | 0.01% |
| Rubric Capital Management LP | 23,800,000 | 5.01% | $254.42M | +500,000 | 2.33% |
| Vanguard Capital Management LLC | 16,647,701 | 3.50% | $177.96M | +332,041 | 0.00% |
| State Street Corp | 15,344,534 | 3.23% | $164.03M | +862,574 | 0.00% |
| FMR LLC | 10,600,823 | 2.23% | $113.32M | +1,954,237 | 0.00% |
| Geode Capital Management, LLC | 9,724,963 | 2.05% | $103.98M | +746,504 | 0.01% |
| Nuveen, LLC | 9,255,272 | 1.95% | $98.94M | +62,883 | 0.02% |
| Dimensional Fund Advisors LP | 8,250,750 | 1.74% | $88.19M | +347,411 | 0.02% |
| Boston Partners | 7,226,432 | 1.52% | $77.38M | −59,509 | 0.07% |
| Invesco Ltd. | 6,412,111 | 1.35% | $68.55M | −450,757 | 0.01% |
| Arrowstreet Capital, Limited Partnership | 6,171,804 | 1.30% | $65.98M | +4,649,638 | 0.03% |
| Lazard Asset Management LLC | 5,415,536 | 1.14% | $57.89M | +5,098,922 | 0.09% |
| Charles Schwab Investment Management Inc | 5,000,038 | 1.05% | $53.45M | +245,430 | 0.01% |
| Morgan Stanley | 4,646,397 | 0.98% | $49.67M | −446,845 | 0.00% |
| JPMorgan Chase & Co | 4,307,540 | 0.91% | $45.18M | +798,761 | 0.00% |
| Private Capital Management, LLC | 4,215,222 | 0.89% | $45.06M | +76,800 | 3.97% |
| Price T Rowe Associates Inc /Md/ | 3,963,378 | 0.83% | $42.37M | +3,525,049 | 0.00% |
| Northern Trust Corp | 3,887,941 | 0.82% | $41.56M | +385,774 | 0.00% |
| Soros Fund Management LLC | 3,481,891 | 0.73% | $37.22M | −717,822 | 0.46% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 367 | 311M | 65.4% | 57 / 156 | 86 / 44 | 35M | 25M |
| Q1 2026 | 358 | 301M | 63.2% | 58 / 140 | 112 / 42 | 71M | 23M |
| Q4 2025 | 349 | 298M | 62.6% | 48 / 117 | 137 / 54 | 21M | 26M |
| Q3 2025 | 364 | 303M | 63.8% | 56 / 122 | 125 / 32 | 19M | 20M |
| Q2 2025 | 343 | 305M | 64.1% | 54 / 138 | 105 / 41 | 27M | 14M |
| Q1 2025 | 333 | 292M | 61.5% | 58 / 113 | 104 / 40 | 26M | 21M |
| Q4 2024 | 318 | 292M | 61.4% | 69 / 105 | 98 / 48 | 26M | 17M |
| Q3 2024 | 307 | 283M | 59.5% | 58 / 93 | 100 / 28 | 70M | 24M |
| Q2 2024 | 281 | 283M | 59.4% | 50 / 92 | 94 / 25 | 22M | 37M |
| Q1 2024 | 257 | 299M | 62.8% | 49 / 88 | 78 / 39 | 64M | 31M |
| Q4 2023 | 250 | 267M | 56.1% | 58 / 89 | 67 / 19 | 39M | 14M |
| Q3 2023 | 211 | 242M | 50.8% | 204 / 2 | 1 / 1 | 241M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
318 funds held BGC in Q2 2026, 60% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of BGC | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 22,231,507 | 4.68% | $237.65M | 0.21% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 11,748,437 | 2.47% | $125.59M | 0.01% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 9,689,169 | 2.04% | $103.58M | 0.12% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 8,479,566 | 1.78% | $90.65M | 0.05% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 5,369,512 | 1.13% | $57.40M | 0.08% | Jun 30, 2026 |
| Vanguard Explorer Fund | 4,489,125 | 0.94% | $51.71M | 0.23% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 4,233,837 | 0.89% | $45.26M | 0.05% | Jun 30, 2026 |
| College Retirement Equities Fund - Total Global Stock Account | 4,184,541 | 0.88% | $44.73M | 0.03% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 4,119,686 | 0.87% | $47.46M | 0.14% | Jul 31, 2026 |
| Fidelity Value Fund | 3,590,800 | 0.76% | $41.37M | 0.39% | Jul 31, 2026 |
| iShares Russell 2000 Growth ETF | 3,484,815 | 0.73% | $37.25M | 0.24% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 3,381,675 | 0.71% | $36.15M | 0.21% | Jun 30, 2026 |
| Vanguard Tax-Managed Small-Cap Fund | 2,431,199 | 0.51% | $25.99M | 0.23% | Jun 30, 2026 |
| Invesco Main Street Small Cap Fund | 2,101,644 | 0.44% | $22.47M | 0.84% | Jun 30, 2026 |
| Fidelity Enhanced Small Cap Core ETF | 2,022,482 | 0.43% | $21.62M | 0.37% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Stephen M. Merkel | Chairman of the Board & GC, Director | 248,837 | 0.05% | Apr 1, 2026 |
| Jean-Pierre Aubin | Co-Chief Executive Officer | 1,082,071 | 0.23% | Aug 31, 2026 |
| John J. Abularrage | Co-Chief Executive Officer | 832,072 | 0.18% | Apr 1, 2026 |
| Sean A. Windeatt | COO and Co-CEO | 730,762 | 0.15% | Apr 1, 2026 |
| Jason W. Hauf | Chief Financial Officer | 113,711 | 0.02% | Apr 1, 2026 |
| Arthur U. Mbanefo | Director | 24,756 | 0.01% | Nov 14, 2025 |
| William Dean Addas | Director | 32,652 | 0.01% | Nov 14, 2025 |
| Linda A. Bell | Director | 41,044 | 0.01% | Nov 14, 2025 |
| David Richards | Director | 24,999 | 0.01% | Nov 14, 2025 |
| Brandon Lutnick | Director, 10% owner | 111,393,287 | 23.43% | Oct 6, 2025 |
| Cantor Fitzgerald, L. P. | Director, 10% owner | 118,154,247 | 24.85% | Oct 6, 2025 |
| Group Management Inc Cf | Director, 10% owner | 105,286,722 | 22.14% | Oct 6, 2025 |
| Howard W. Lutnick | Director, 10% owner | 4,283,914 | 0.90% | Oct 6, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Jean-Pierre Aubin Co-Chief Executive Officer | Aug 28, 2026 | Returned to company | −373,191 | $12.12 | $4.52M | 1,082,071 |
| Jason W. Hauf Chief Financial Officer | Apr 1, 2026 | Tax withholding | −6,320 | $9.84 | $62.19K | 113,711 |
| Jason W. Hauf Chief Financial Officer | Apr 1, 2026 | Award | +42,835 | – | – | 120,031 |
| Sean A. Windeatt COO and Co-CEO | Apr 1, 2026 | Award | +268,498 | – | – | 730,762 |
| Sean A. Windeatt COO and Co-CEO | Apr 1, 2026 | Tax withholding | −5,649 | $9.84 | $55.59K | 725,113 |
| Jean-Pierre Aubin Co-Chief Executive Officer | Apr 1, 2026 | Award | +269,557 | – | – | 1,455,262 |
| John J. Abularrage Co-Chief Executive Officer | Apr 1, 2026 | Award | +350,727 | – | – | 832,072 |
| Stephen M. Merkel Chairman of the Board & GC, Director | Apr 1, 2026 | Tax withholding | −16,576 | $9.84 | $163.11K | 195,741 |
| Stephen M. Merkel Chairman of the Board & GC, Director | Apr 1, 2026 | Award | +77,882 | $9.84 | $766.36K | 212,317 |
| John J. Abularrage Co-Chief Executive Officer | Mar 15, 2026 | Tax withholding | −41,516 | $9.57 | $397.31K | 481,345 |
| Jean-Pierre Aubin Co-Chief Executive Officer | Mar 15, 2026 | Tax withholding | −14,392 | $9.57 | $137.73K | 1,185,705 |
| Jean-Pierre Aubin Co-Chief Executive Officer | Mar 5, 2026 | Sale | −10,000 | $9.55 | $95.50K | 1,121,641 |
| Sean A. Windeatt COO and Co-CEO | Jan 22, 2026 | Returned to company | −246,360 | $9.17 | $2.26M | 462,264 |
| Arthur U. Mbanefo Director | Nov 12, 2025 | Award | +5,447 | – | – | 24,756 |
| Linda A. Bell Director | Nov 12, 2025 | Award | +5,447 | – | – | 41,044 |
| William Dean Addas Director | Nov 12, 2025 | Award | +5,447 | – | – | 32,652 |
| David Richards Director | Nov 12, 2025 | Award | +5,447 | – | – | 24,999 |
| Cantor Fitzgerald, L. P. Director, 10% owner | Oct 6, 2025 | Buy | +8,973,721 | $9.21 | $82.65M | 102,314,198 |
| Brandon Lutnick Director, 10% owner | Oct 6, 2025 | Buy | +600,938 | – | – | 1,978,568 |
| Brandon Lutnick Director, 10% owner | Oct 6, 2025 | Buy | +8,973,721 | $9.21 | $82.65M | 109,405,906 |
| Brandon Lutnick Director, 10% owner | Oct 6, 2025 | Buy | +3,946,149 | – | – | 100,432,185 |
| Brandon Lutnick Director, 10% owner | Oct 6, 2025 | Buy | +96,313,001 | – | – | 100,432,185 |
| Group Management Inc Cf Director, 10% owner | Oct 6, 2025 | Buy | +8,973,721 | $9.21 | $82.65M | 102,314,198 |
| Howard W. Lutnick Director, 10% owner | Oct 6, 2025 | Sale | −600,939 | – | – | 337,765 |
| Howard W. Lutnick Director, 10% owner | Oct 6, 2025 | Sale | −96,313,001 | – | – | 3,946,149 |
| Howard W. Lutnick Director, 10% owner | Oct 6, 2025 | Sale | −3,946,149 | – | – | 0 |
| Howard W. Lutnick Director, 10% owner | Oct 6, 2025 | Sale | −8,973,721 | $9.21 | $82.65M | 0 |
| Howard W. Lutnick Director, 10% owner | Oct 6, 2025 | Returned to company | −337,765 | $9.21 | $3.11M | 0 |
| Stephen M. Merkel Chairman of the Board & GC, Director | Oct 3, 2025 | Returned to company | −16,511 | $9.21 | $152.07K | 134,435 |
| Jason W. Hauf Chief Financial Officer | Aug 21, 2025 | Sale | −29,023 | $9.86 | $286.17K | 77,196 |
| Jason W. Hauf Chief Financial Officer | Jul 30, 2025 | Tax withholding | −12,849 | $9.72 | $124.89K | 106,219 |
| Arthur U. Mbanefo Director | Jun 10, 2025 | Returned to company | −12,205 | $9.75 | $119.00K | 37,460 |
| Arthur U. Mbanefo Director | Jun 10, 2025 | Sale | −18,151 | $9.77 | $177.34K | 19,309 |
| Howard W. Lutnick Director, 10% owner | May 16, 2025 | Returned to company | −10,498,490 | $9.21 | $96.69M | 1,559,403 |
| Howard W. Lutnick Director, 10% owner | May 16, 2025 | Returned to company | −5,616,612 | $9.21 | $51.73M | 0 |
| John J. Abularrage Co-Chief Executive Officer | Apr 1, 2025 | Award | +164,890 | – | – | 522,861 |
| Jean-Pierre Aubin Co-Chief Executive Officer | Apr 1, 2025 | Award | +78,456 | – | – | 1,200,097 |
| Sean A. Windeatt COO and Co-CEO | Apr 1, 2025 | Tax withholding | −5,649 | $9.22 | $52.08K | 708,624 |
| Sean A. Windeatt COO and Co-CEO | Apr 1, 2025 | Award | +73,098 | – | – | 714,273 |
| Stephen M. Merkel Chairman of the Board & GC, Director | Apr 1, 2025 | Award | +72,751 | – | – | 159,475 |
| Stephen M. Merkel Chairman of the Board & GC, Director | Apr 1, 2025 | Tax withholding | −8,529 | $9.22 | $78.64K | 150,946 |
| Jason W. Hauf Chief Financial Officer | Apr 1, 2025 | Tax withholding | −3,228 | $9.22 | $29.76K | 119,068 |
| Jason W. Hauf Chief Financial Officer | Apr 1, 2025 | Award | +38,360 | – | – | 122,296 |
| Linda A. Bell Director | Mar 4, 2025 | Returned to company | −12,727 | $9.35 | $119.00K | 35,597 |
| Howard W. Lutnick Chairman and CEO, Director, 10% owner | Feb 5, 2025 | Tax withholding | −721,590 | $9.38 | $6.77M | 5,616,612 |
| William Dean Addas Director | Sep 16, 2024 | Award | +5,046 | – | – | 27,205 |
| Linda A. Bell Director | Sep 16, 2024 | Award | +5,046 | – | – | 48,324 |
| Arthur U. Mbanefo Director | Sep 16, 2024 | Award | +5,046 | – | – | 49,665 |
| David Richards Director | Sep 16, 2024 | Award | +5,046 | – | – | 19,552 |
| David Richards Director | Aug 9, 2024 | Sale | −43,893 | $9.02 | $395.91K | 14,506 |
| David Richards Director | Aug 8, 2024 | Returned to company | −13,063 | $9.11 | $119.00K | 58,399 |
| Sean A. Windeatt Chief Operating Officer | May 7, 2024 | Sale | −118,449 | $8.75 | $1.04M | 641,175 |
| Sean A. Windeatt Chief Operating Officer | May 6, 2024 | Sale | −40,000 | $8.73 | $349.20K | 759,624 |
| Sean A. Windeatt Chief Operating Officer | Apr 1, 2024 | Award | +131,053 | – | – | 739,529 |
| Sean A. Windeatt Chief Operating Officer | Apr 1, 2024 | Award | +60,095 | – | – | 799,624 |
| Stephen M. Merkel EVP and General Counsel | Apr 1, 2024 | Award | +77,106 | – | – | 86,724 |
| Jason W. Hauf Chief Financial Officer | Apr 1, 2024 | Award | +40,036 | – | – | 83,936 |
| Howard W. Lutnick Chairman and CEO, Director, 10% owner | Apr 1, 2024 | Award | +1,304,864 | – | – | 6,338,202 |
| Stephen M. Merkel EVP and General Counsel | Jan 2, 2024 | Sale | −136,891 | – | – | 9,618 |
| Arthur U. Mbanefo Director | Nov 14, 2023 | Award | +7,874 | – | – | 44,619 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
3.83%
9M shares short
Days to cover
3.6
At 3M shares a day
Change since last report
-20.7%
From 12M shares
Short volume, 20 days
43.5%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of BGC's stock actually held short. Settlement fails (shares not delivered on time) peaked at 250 shares on Sep 28, 2026 over the last 90 days.
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