Business First Bancshares, Inc.
BFST- Exchange
- Nasdaq
- Industry
- State Commercial Banks
- SEC CIK
- 0001624322
In the last 90 days, Business First Bancshares, Inc. insiders filed 1 open-market purchase and 11 sales; 173 institutions reported holding it in 13F filings for Q2 2026, worth $579.8M in total; no superinvestor holds it.
13F holders, Q4 2025
Institutional positions in Business First Bancshares, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 167
- +12 vs. Q3 2025
- Shares held
- 15.4M
- +361.4K (+2.4%) vs. Q3 2025
- Total value
- $402.5M
- +$47.5M (+13.4%) vs. Q3 2025
- New holders
- 23
- 54 more added
- Sold out
- 11
- 53 more reduced
1 institution that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting BFST on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 173 | $579.8M |
| Q1 2026 | 170 | $457.4M |
| Q4 2025 | 167 | $402.5M |
| Q3 2025 | 156 | $356.3M |
| Q2 2025 | 147 | $366.2M |
| Q1 2025 | 149 | $347.0M |
| Q4 2024 | 143 | $353.4M |
| Q3 2024 | 128 | $322.6M |
| Q2 2024 | 112 | $262.6M |
| Q1 2024 | 111 | $268.6M |
| Q4 2023 | 118 | $295.9M |
| Q3 2023 | 109 | $205.3M |
| Q2 2023 | 96 | $162.3M |
| Q1 2023 | 99 | $181.5M |
| Q4 2022 | 97 | $232.9M |
| Q3 2022 | 82 | $167.1M |
| Q2 2022 | 82 | $159.0M |
| Q1 2022 | 87 | $172.6M |
| Q4 2021 | 84 | $202.0M |
| Q3 2021 | 70 | $153.3M |
| Q2 2021 | 61 | $149.3M |
| Q1 2021 | 59 | $150.1M |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Business First Bancshares, Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Ieq Capital, LLC | 10,993 | $287.4K | 0.00% | +10,993 | New |
| BNP Paribas Arbitrage, SA | 10,711 | $280.0K | 0.00% | +3,202+42.6% | Added |
| HighTower Advisors, LLC | 10,517 | $274.9K | 0.00% | +24+0.2% | Added |
| Verition Fund Management LLC | 10,319 | $269.7K | 0.00% | −11,510−52.7% | Reduced |
| Royal Bank of Canada | 10,298 | $269.0K | 0.00% | −372−3.5% | Reduced |
| VARCOV Co. | 10,190 | $266.4K | 0.11% | +10,190 | New |
| Intech Investment Management LLC | 10,118 | $264.5K | 0.00% | −2,122−17.3% | Reduced |
| Kingstone Capital Partners Texas, LLC | 10,071 | $263.0K | 0.15% | +10,071 | New |
| Asset Planning Services Inc | 10,000 | $261.0K | 0.12% | 00.0% | Unchanged |
| Canada Pension Plan Investment Board | 9,800 | $256.2K | 0.00% | +9,800 | New |
| State of Wisconsin Investment Board | 9,735 | $254.5K | 0.00% | −8,270−45.9% | Reduced |
| Teacher Retirement System of Texas | 9,692 | $253.3K | 0.00% | +9,692 | New |
| New York State Common Retirement Fund | 9,202 | $240.5K | 0.00% | 00.0% | Unchanged |
| DGS Capital Management, LLC | 9,148 | $239.1K | 0.04% | +9,148 | New |
| JMN Financial LLC | 9,033 | $236.1K | 0.24% | +9,033 | New |
| 1492 Capital Management LLC | 8,878 | $232.1K | 0.09% | +8,878 | New |
| KG&L Capital Management,LLC | 8,831 | $230.8K | 0.06% | 00.0% | Unchanged |
| Prime Capital Investment Advisors, LLC | 8,752 | $228.8K | 0.00% | −250−2.8% | Reduced |
| Arizona State Retirement System | 8,235 | $215.3K | 0.00% | −557−6.3% | Reduced |
| Mercer Global Advisors Inc | 8,018 | $209.6K | 0.00% | +8,018 | New |
| Daytona Street Capital LLC | 8,000 | $209.1K | 0.17% | +8,000 | New |
| Police & Firemen's Retirement System of New Jersey | 7,844 | $205.0K | 0.00% | 00.0% | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 6,500 | $169.9K | 0.00% | 00.0% | Unchanged |
| Quest Partners LLC | 6,361 | $166.3K | 0.01% | −1,219−16.1% | Reduced |
| KLP Kapitalforvaltning AS | 6,300 | $164.7K | 0.00% | −800−11.3% | Reduced |
| FMR LLC | 6,085 | $159.1K | 0.00% | +514+9.2% | Added |
| Farther Finance Advisors, LLC | 5,670 | $148.2K | 0.00% | +236+4.3% | Added |
| Great West Life Assurance Co | 4,424 | $116.0K | 0.00% | −24,121−84.5% | Reduced |
| CWM, LLC | 4,446 | $116.0K | 0.00% | +1,188+36.5% | Added |
| Citigroup Inc | 4,313 | $112.7K | 0.00% | −267−5.8% | Reduced |
| Public Employees Retirement System of Ohio | 3,169 | $82.8K | 0.00% | 00.0% | Unchanged |
| Ameritas Investment Partners, Inc. | 2,379 | $62.2K | 0.00% | 00.0% | Unchanged |
| Aquatic Capital Management LLC | 1,932 | $50.5K | 0.00% | −5,182−72.8% | Reduced |
| Steward Partners Investment Advisory, LLC | 1,666 | $43.5K | 0.00% | 00.0% | Unchanged |
| GWM Advisors LLC | 1,383 | $36.2K | 0.00% | 00.0% | Unchanged |
| Delos Wealth Advisors, LLC | 1,258 | $32.9K | 0.02% | 00.0% | Unchanged |
| State of Alaska, Department of Revenue | 1,189 | $31.0K | 0.00% | 00.0% | Unchanged |
| Smartleaf Asset Management LLC | 1,099 | $28.8K | 0.00% | +1,092+15,600.0% | Added |
| Amalgamated Bank | 895 | $23.0K | 0.00% | +37+4.3% | Added |
| Quarry LP | 766 | $20.0K | 0.00% | +280+57.6% | Added |
| Tower Research Capital LLC (TRC) | 628 | $16.4K | 0.00% | −335−34.8% | Reduced |
| FWL Investment Management, LLC | 500 | $13.1K | 0.00% | −1,262−71.6% | Reduced |
| Adkins Seale Capital Management LLC | 499 | $13.0K | 0.01% | +499 | New |
| GAMMA Investing LLC | 330 | $8.63K | 0.00% | −68−17.1% | Reduced |
| Capital Advisors, Ltd. LLC | 226 | $6.00K | 0.00% | 00.0% | Unchanged |
| Allworth Financial LP | 194 | $5.07K | 0.00% | +129+198.5% | Added |
| Essential Partners LLC | 176 | $4.60K | 0.00% | +52+41.9% | Added |
| Optiver Holding B.V. | 154 | $4.03K | 0.00% | 00.0% | Unchanged |
| Signaturefd, LLC | 152 | $3.97K | 0.00% | +30+24.6% | Added |
| IFP Advisors, Inc | 148 | $3.87K | 0.00% | +90+155.2% | Added |
| EverSource Wealth Advisors, LLC | 141 | $3.69K | 0.00% | −40−22.1% | Reduced |
| Quadrant Capital Group LLC | 107 | $2.80K | 0.00% | −402−79.0% | Reduced |
| US Bancorp | 99 | $2.59K | 0.00% | +99 | New |
| Rockefeller Capital Management L.P. | 87 | $2.27K | 0.00% | +87 | New |
| Advisor Group Holdings, Inc. | 79 | $2.08K | 0.00% | 00.0% | Unchanged |
| Covestor Ltd | 83 | $2.00K | 0.00% | +27+48.2% | Added |
| True Wealth Design, LLC | 67 | $1.75K | 0.00% | +1+1.5% | Added |
| Torren Management, LLC | 63 | $1.65K | 0.00% | +63 | New |
| Rothschild Investment LLC | 58 | $1.52K | 0.00% | +34+141.7% | Added |
| Larson Financial Group LLC | 35 | $915 | 0.00% | 00.0% | Unchanged |
| Nisa Investment Advisors, LLC | 20 | $523 | 0.00% | 00.0% | Unchanged |
| MAI Capital Management | 18 | $471 | 0.00% | +18 | New |
| Trust Co | 17 | $444 | 0.00% | +17 | New |
| Sunbelt Securities, Inc. | 13 | $340 | 0.00% | +5+62.5% | Added |
| Assetmark, Inc | 8 | $209 | 0.00% | 00.0% | Unchanged |
| Fortitude Family Office, LLC | 5 | $131 | 0.00% | 00.0% | Unchanged |
| SRS Capital Advisors, Inc. | 4 | $105 | 0.00% | −862−99.5% | Reduced |
| Prospector Partners LLC | 0 | $0 | 0.00% | −35,600−100.0% | Sold out |
| Security National Bank | 0 | $0 | 0.00% | −16,965−100.0% | Sold out |
| Dynamic Technology Lab Private Ltd | 0 | $0 | 0.00% | −14,510−100.0% | Sold out |
| Americana Partners, LLC | 0 | $0 | 0.00% | −12,338−100.0% | Sold out |
| XTX Topco Ltd | 0 | $0 | 0.00% | −11,261−100.0% | Sold out |
| Virtus ETF Advisers LLC | 0 | $0 | 0.00% | −5,204−100.0% | Sold out |
| Icon Wealth Advisors, LLC | 0 | $0 | 0.00% | −5,035−100.0% | Sold out |
| Quantbot Technologies LP | 0 | $0 | 0.00% | −1,417−100.0% | Sold out |
| Jones Financial Companies LLLP | 0 | $0 | 0.00% | −1,200−100.0% | Sold out |
| CIBC Private Wealth Group, LLC | 0 | $0 | 0.00% | −40−100.0% | Sold out |
| SBI Securities Co., Ltd. | 0 | $0 | 0.00% | −1−100.0% | Sold out |
| Gries Financial LLC | – | – | – | – | Not filed |