Chicago Atlantic BDC, Inc. (LIEN) shareholders
LIENNasdaqFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 12, 2026Score 12/3063% below fair value
$9.05−0.12 (-1.31%)
Close on Nov 12, 2026Market cap $206.53MP/E 6.7Yield –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
15.7%
4M of 23M shares
Institutional holders
48
14 new, 8 sold out
Net institutional buying
-0M
In Q2 2026
Insider trades, 12 months
18 buys · 0 sales
Net bought $1.22M
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 |
|---|---|---|---|---|
| Scott Gordon Joint filing with Andreas Bodmeier (16.80%), Anthony Cappell (16.80%) and 6 more | 3,850,800 | 16.90% | 13G (passive) amendment | Dec 31, 2024 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of LIEN | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Intrepid Capital Management Inc | 756,185 | 3.31% | $7.39M | – | 2.62% |
| Sowell Financial Services LLC | 511,387 | 2.24% | $5.00M | +17,950 | 0.16% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 189,596 | 0.83% | $1.85M | +7,466 | 0.00% |
| Corient Private Wealth LLC | 188,863 | 0.83% | $1.85M | −191,885 | 0.00% |
| CDC Financial, Inc. | 177,391 | 0.78% | $1.73M | +17,773 | 0.73% |
| Condor Capital Management | 163,673 | 0.72% | $1.60M | +2,214 | 0.12% |
| Lvm Capital Management Ltd/Mi | 161,326 | 0.71% | $1.58M | – | 0.13% |
| HighTower Advisors, LLC | 155,924 | 0.68% | $1.52M | −17,700 | 0.00% |
| Partners Capital Investment Group, Llp | 145,336 | 0.64% | $1.42M | New | 0.05% |
| Black Maple Capital Management LP | 130,920 | 0.57% | $1.28M | – | 0.73% |
| Raymond James Financial Inc | 96,131 | 0.42% | $939.20K | New | 0.00% |
| Citadel Advisors LLC | 88,149 | 0.39% | $861.22K | +27,687 | 0.00% |
| BlackRock, Inc. | 74,480 | 0.33% | $727.67K | +3,085 | 0.00% |
| Cambridge Investment Research Advisors, Inc. | 59,750 | 0.26% | $584.00K | New | 0.00% |
| Clayton Partners LLC | 58,666 | 0.26% | $573.17K | New | 0.38% |
| Ritholtz Wealth Management | 54,347 | 0.24% | $530.97K | +19,650 | 0.01% |
| Apollon Wealth Management, LLC | 48,809 | 0.21% | $476.86K | −7,000 | 0.01% |
| Venturi Wealth Management, LLC | 40,171 | 0.18% | $392.47K | – | 0.02% |
| Firethorn Wealth Partners, LLC | 38,654 | 0.17% | $377.65K | +2,980 | 0.12% |
| Gladstone Institutional Advisory LLC | 38,600 | 0.17% | $377.12K | – | 0.01% |
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 | 48 | 4M | 15.7% | 14 / 15 | 6 / 8 | 1M | 1M |
| Q1 2026 | 42 | 4M | 16.4% | 8 / 9 | 14 / 5 | 1M | 1M |
| Q4 2025 | 39 | 4M | 16.7% | 12 / 7 | 10 / 4 | 2M | 0M |
| Q3 2025 | 31 | 3M | 11.6% | 5 / 9 | 10 / 2 | 1M | 0M |
| Q2 2025 | 29 | 2M | 9.7% | 26 / 1 | 1 / 1 | 1M | 0M |
| Q1 2025 | 4 | 1M | 3.6% | 1 / 0 | 2 / 1 | 0M | 0M |
| Q4 2024 | 4 | 1M | 3.6% | 1 / 1 | 2 / 4 | 1M | 0M |
| Q3 2024 | 7 | 0M | 1.0% | 2 / 0 | 3 / 1 | 0M | 0M |
| Q2 2024 | 6 | 0M | 1.0% | 1 / 1 | 2 / 0 | 0M | 0M |
| Q1 2024 | 5 | 0M | 1.1% | 1 / 1 | 1 / 0 | 0M | 0M |
| Q4 2023 | 4 | 0M | 1.2% | 1 / 1 | 0 / 1 | 0M | 0M |
| Q3 2023 | 4 | 0M | 1.2% | 1 / 0 | 2 / 3 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
3 funds held LIEN in Q2 2026, 0% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of LIEN | Value | % of fund | As of |
|---|---|---|---|---|---|
| Intrepid Income Fund | 717,987 | 3.15% | $7.01M | 0.49% | Jun 30, 2026 |
| Intrepid Capital Fund | 38,198 | 0.17% | $373.19K | 0.30% | Jun 30, 2026 |
| Amplify Seymour Cannabis ETF | 30,022 | 0.13% | $293.31K | 0.35% | 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 |
|---|---|---|---|---|
| Scott Gordon | Co-Chief Investment Officer, Director | 2,983,394 | 13.07% | Sep 1, 2026 |
| Peter Sack | Chief Executive Officer, Director | 5,918 | 0.03% | Sep 22, 2025 |
| Bernardino Colonna | President | 5,030 | 0.02% | Sep 1, 2026 |
| Umesh Mahajan | Secretary; Co-CIO | 6,997 | 0.03% | Aug 19, 2026 |
| Gianni James Lezziere Fazio | Chief Accounting Officer | 200 | 0.00% | Aug 19, 2026 |
| Thomas Geoffroy | Interim CFO | 413 | 0.00% | Jul 24, 2025 |
| Martin G. Rodgers | Chief Financial Officer | – | – | Feb 26, 2025 |
| Patrick Robert McCauley | Director | – | – | Mar 21, 2025 |
| Supurna VedBrat | Director | – | – | Mar 21, 2025 |
| John Mazarakis | 10% owner | 3,188,408 | 13.97% | Aug 19, 2026 |
| Silver Spike Holdings GP, LLC | 10% owner | 2,887,204 | 12.65% | May 21, 2025 |
| Chicago Atlantic BDC Advisers, LLC | 10% owner | 3,815,776 | 16.72% | May 21, 2025 |
| Silver Spike Holdings, LP | 10% owner | – | – | May 21, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Scott Gordon Co-Chief Investment Officer, Director | Aug 31, 2026 | Buy | +134 | $10.22 | $1.37K | 96,190 |
| Bernardino Colonna President | Aug 31, 2026 | Buy | +750 | $10.25 | $7.69K | 5,030 |
| Bernardino Colonna President | Aug 28, 2026 | Buy | +250 | $10.18 | $2.55K | 4,280 |
| Scott Gordon Co-Chief Investment Officer, Director | Aug 27, 2026 | Buy | +5,000 | $10.19 | $50.95K | 96,056 |
| Bernardino Colonna President | Aug 27, 2026 | Buy | +600 | $10.18 | $6.11K | 4,030 |
| Scott Gordon Co-Chief Investment Officer, Director | Aug 26, 2026 | Buy | +2,483 | $10.15 | $25.20K | 91,056 |
| Bernardino Colonna President | Aug 26, 2026 | Buy | +600 | $10.16 | $6.10K | 3,430 |
| Scott Gordon Co-Chief Investment Officer, Director | Aug 25, 2026 | Buy | +250 | $10.12 | $2.53K | 88,573 |
| Bernardino Colonna President | Aug 25, 2026 | Buy | +400 | $10.18 | $4.07K | 2,830 |
| Scott Gordon Co-Chief Investment Officer, Director | Aug 24, 2026 | Buy | +1,520 | $10.11 | $15.37K | 88,323 |
| Scott Gordon Co-Chief Investment Officer, Director | Aug 21, 2026 | Buy | +195 | $9.95 | $1.94K | 86,803 |
| Scott Gordon Co-Chief Investment Officer, Director | Aug 20, 2026 | Buy | +7,500 | $9.70 | $72.75K | 86,608 |
| Scott Gordon Co-Chief Investment Officer, Director | Aug 19, 2026 | Buy | +8,200 | $9.57 | $78.47K | 79,108 |
| Scott Gordon Co-Chief Investment Officer, Director | Aug 18, 2026 | Buy | +17,584 | $9.54 | $167.75K | 70,908 |
| Scott Gordon Co-Chief Investment Officer, Director | Aug 17, 2026 | Buy | +18,300 | $9.54 | $174.58K | 53,324 |
| Gianni James Lezziere Fazio Chief Accounting Officer | Aug 17, 2026 | Buy | +200 | $9.55 | $1.91K | 200 |
| Umesh Mahajan Secretary; Co-CIO | Aug 17, 2026 | Buy | +4,000 | $9.60 | $38.40K | 6,997 |
| John Mazarakis 10% owner | Aug 17, 2026 | Buy | +60,000 | $9.44 | $566.40K | 60,000 |
| Peter Sack Chief Executive Officer, Director | Sep 19, 2025 | Buy | +450 | $11.23 | $5.05K | 5,918 |
| Peter Sack Chief Executive Officer, Director | Jul 17, 2025 | Buy | +1,000 | $10.47 | $10.47K | 5,468 |
| Umesh Mahajan Secretary; Co-CIO | Jun 6, 2025 | Buy | +1,000 | $10.30 | $10.30K | 2,712 |
| Umesh Mahajan Secretary; Co-CIO | Jun 5, 2025 | Buy | +212 | $10.17 | $2.16K | 1,712 |
| Umesh Mahajan Secretary; Co-CIO | Jun 5, 2025 | Buy | +900 | $10.25 | $9.23K | 1,500 |
| Bernardino Colonna President | May 29, 2025 | Buy | +1,000 | $10.21 | $10.21K | 2,430 |
| Peter Sack Chief Executive Officer | May 28, 2025 | Buy | +500 | $10.29 | $5.15K | 4,468 |
| Peter Sack Chief Executive Officer | May 19, 2025 | Buy | +500 | $10.42 | $5.21K | 3,968 |
| Scott Gordon Co-Chief Investment Officer, Director, 10% owner | May 19, 2025 | Other | −214,286 | – | – | 3,601,490 |
| Scott Gordon Co-Chief Investment Officer, Director, 10% owner | May 19, 2025 | Other | −714,286 | – | – | 2,887,204 |
| Silver Spike Holdings GP, LLC 10% owner | May 19, 2025 | Other | −714,286 | – | – | 2,887,204 |
| Silver Spike Holdings GP, LLC 10% owner | May 19, 2025 | Other | −214,286 | – | – | 3,601,490 |
| Peter Sack Chief Executive Officer | Apr 17, 2025 | Buy | +50 | $10.50 | $525 | 3,468 |
| Umesh Mahajan Secretary; Co-CIO | Apr 10, 2025 | Buy | +100 | $10.78 | $1.08K | 600 |
| Umesh Mahajan Secretary; Co-CIO | Apr 10, 2025 | Buy | +500 | $10.73 | $5.37K | 500 |
| Peter Sack Chief Executive Officer | Apr 10, 2025 | Buy | +100 | $10.82 | $1.08K | 3,418 |
| Peter Sack Chief Executive Officer | Apr 9, 2025 | Other | +3,118 | – | – | 3,318 |
| Peter Sack Chief Executive Officer | Apr 8, 2025 | Buy | +100 | $10.98 | $1.10K | 200 |
| Peter Sack Chief Executive Officer | Apr 4, 2025 | Buy | +100 | $10.70 | $1.07K | 100 |
| Chicago Atlantic BDC Advisers, LLC 10% owner | Dec 19, 2024 | Other | −684,611 | – | – | 3,815,776 |
| Scott Gordon Co-Chief Investment Officer, Director, 10% owner | Dec 19, 2024 | Other | −684,611 | – | – | 3,815,776 |
| Chicago Atlantic Loan Portfolio, LLC 10% owner | Oct 9, 2024 | Other | −1,510,593 | – | – | 14,338,594 |
| Scott Gordon Chief Executive Officer, Director, 10% owner | Sep 2, 2022 | Buy | +1,328 | $10.16 | $13.49K | 19,310 |
| Gregory M. Gentile CFO, CCO and Secretary, 10% owner | Sep 2, 2022 | Buy | +1,328 | $10.16 | $13.49K | 7,882 |
| Scott Gordon Chief Executive Officer, Director, 10% owner | Sep 1, 2022 | Buy | +1,147 | $10.02 | $11.49K | 17,982 |
| Gregory M. Gentile CFO, CCO and Secretary, 10% owner | Sep 1, 2022 | Buy | +1,147 | $10.02 | $11.49K | 6,554 |
| Scott Gordon Chief Executive Officer, Director, 10% owner | Aug 30, 2022 | Buy | +2,300 | $9.82 | $22.59K | 16,835 |
| Gregory M. Gentile CFO, CCO and Secretary, 10% owner | Aug 30, 2022 | Buy | +2,300 | $9.82 | $22.59K | 5,407 |
| Scott Gordon Chief Executive Officer, Director, 10% owner | Aug 29, 2022 | Buy | +249 | $9.59 | $2.39K | 14,535 |
| Gregory M. Gentile CFO, CCO and Secretary, 10% owner | Aug 29, 2022 | Buy | +249 | $9.59 | $2.39K | 3,107 |
| Scott Gordon Chief Executive Officer, Director, 10% owner | Feb 8, 2022 | Buy | +35,024 | $14.00 | $490.34K | 35,024 |
| Scott Gordon Chief Executive Officer, Director, 10% owner | Feb 8, 2022 | Buy | +14,286 | $14.00 | $200.00K | 14,286 |
| Scott Gordon Chief Executive Officer, Director, 10% owner | Feb 8, 2022 | Buy | +4,500,001 | $14.00 | $63.00M | 4,500,387 |
| Chicago Atlantic BDC Advisers, LLC 10% owner | Feb 8, 2022 | Buy | +4,500,001 | $14.00 | $63.00M | 4,500,387 |
| Gregory M. Gentile CFO, CCO and Secretary, 10% owner | Feb 8, 2022 | Buy | +4,500,001 | $14.00 | $63.00M | 4,500,387 |
| Gregory M. Gentile CFO, CCO and Secretary, 10% owner | Feb 8, 2022 | Buy | +2,858 | $14.00 | $40.01K | 2,858 |
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
0.43%
0M shares short
Days to cover
1.7
At 0M shares a day
Change since last report
-4.7%
From 0M shares
Short volume, 20 days
33.8%
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 Chicago Atlantic BDC's stock actually held short. Settlement fails (shares not delivered on time) peaked at 12,136 shares on Sep 25, 2026 over the last 90 days.
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