Institutional HoldersBeta

Who holds a company, from every 13F filed for the quarter, one row per filer exactly as filed, against the latest share count the company reported.

Business First Bancshares, Inc.

CIK 0001624322BFST· quarter ending 2026-06-30

Shares outstanding

32,549,883

as of 2026-07-24 · 10-Q cover page, filed 2026-07-31

Held by 13F filers

18,881,509

58.0% of shares outstanding

Holders

173

+3 vs 2026-03-31 · 20 new, 17 exited

Value

$579.8M

shares +11.6% vs prior quarter

Share classes (cover page of the 10-Q filed 2026-07-31, as of 2026-07-24)

Class	Listed	Shares outstanding	Held by 13F filers	% of class	Holders	CUSIP
Common stock	BFST · NASDAQ	32,549,883	18,881,509	58.0%	173	12326C105

Each class is compared with its own share count; classes are not added together. A class that is not exchange-listed cannot be held by 13F filers.

Securities (CUSIPs held in 13F this quarter)

tick to combine

Count	CUSIP	Class (as filers write it)	Holders	Shares held	Class shares	% of class	Value	Options	Mapped via
	12326C105	COM	173	18,881,509	32,549,883	58.0%	$579.8M	1 call / 0 put	13DG	holders →

Totals combine the ticked CUSIPs and update as you tick: common-stock classes by default; preferreds, notes, warrants and depositary shares are listed but not counted. "holders →" shows a single CUSIP on its own. Bonds are held as a principal amount, not shares. Options positions are never counted as holdings.

Top holders (173 of 173 · 12326C105)

change vs 2026-03-31

#	Filer	Shares	% of class	Value	Change
1	BlackRock, Inc.	2,732,988	8.40%	$84.0M	+286,027 (+11.7%)
2	VANGUARD CAPITAL MANAGEMENT LLC	1,399,712	4.30%	$43.0M	-31,450 (-2.2%)
3	DIMENSIONAL FUND ADVISORS LP	1,311,018	4.03%	$40.3M	+145,298 (+12.5%)
4	Jupiter Topco LLC	1,089,827	3.35%	$33.5M	NEW
5	STATE STREET CORP	1,045,212	3.21%	$32.1M	+384,122 (+58.1%)
6	AMERICAN CENTURY COMPANIES INC	1,025,919	3.15%	$31.5M	+135,528 (+15.2%)
7	ROYCE & ASSOCIATES LP	931,811	2.86%	$28.6M	+95,713 (+11.4%)
8	GEODE CAPITAL MANAGEMENT, LLC	863,416	2.65%	$26.5M	+53,412 (+6.6%)
9	Bank of New York Mellon Corp	450,790	1.38%	$13.9M	+8,937 (+2.0%)
10	MANUFACTURERS LIFE INSURANCE COMPANY, THE	432,026	1.33%	$13.3M	-2,905 (-0.7%)
11	JPMORGAN CHASE & CO	405,623	1.25%	$12.4M	+170,739 (+72.7%)
12	T. Rowe Price Investment Management, Inc.	364,389	1.12%	$11.2M	NEW
13	NORTHERN TRUST CORP	312,000	0.96%	$9.6M	+15,909 (+5.4%)
14	Curi Capital, LLC	293,902	0.90%	$9.0M	+43,893 (+17.6%)
15	MENDON CAPITAL ADVISORS CORP	293,893	0.90%	$9.0M	+43,893 (+17.6%)
16	Ranger Investment Management, L.P.	284,500	0.87%	$8.7M	-36,790 (-11.5%)
17	VANGUARD PORTFOLIO MANAGEMENT LLC	278,146	0.85%	$8.5M	+32,839 (+13.4%)
18	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	271,895	0.84%	$8.4M	+5,478 (+2.1%)
19	Russell Investments Group, Ltd.	246,486	0.76%	$7.6M	+5,085 (+2.1%)
20	BANC FUNDS CO LLC	234,257	0.72%	$7.2M	—
21	VANGUARD FIDUCIARY TRUST CO	216,466	0.67%	$6.7M	+7,232 (+3.5%)
22	BRIDGEWAY CAPITAL MANAGEMENT, LLC	207,204	0.64%	$6.4M	—
23	GOLDMAN SACHS GROUP INC	195,614	0.60%	$6.0M	+33,841 (+20.9%)
24	TWO SIGMA INVESTMENTS, LP	187,352	0.58%	$5.8M	+106,980 (+133.1%)
25	MORGAN STANLEY	176,442	0.54%	$5.4M	-721 (-0.4%)
26	CITADEL ADVISORS LLC	150,215	0.46%	$4.6M	+106,678 (+245.0%)
27	Empowered Funds, LLC	121,404	0.37%	$3.7M	—
28	FIRST TRUST ADVISORS LP	120,086	0.37%	$3.7M	+4,435 (+3.8%)
29	Arax Advisory Partners	110,128	0.34%	$3.4M	+55,563 (+101.8%)
30	ALLIANCEBERNSTEIN L.P.	109,598	0.34%	$3.0M	+4,960 (+4.7%)
31	AQR CAPITAL MANAGEMENT LLC	105,211	0.32%	$3.2M	+4,354 (+4.3%)
32	Polaris Capital Management, LLC	98,200	0.30%	$3.0M	+15,800 (+19.2%)
33	Man Group plc	92,056	0.28%	$2.8M	+42,463 (+85.6%)
34	Squarepoint Ops LLC	88,239	0.27%	$2.7M	+42,996 (+95.0%)
35	Creative Planning	86,946	0.27%	$2.7M	+5,999 (+7.4%)
36	Nuveen, LLC	78,000	0.24%	$2.4M	+18,360 (+30.8%)
37	Cresset Asset Management, LLC	70,503	0.22%	$2.2M	—
38	FRANKLIN RESOURCES INC	68,686	0.21%	$2.1M	-109,861 (-61.5%)
39	D. E. Shaw & Co., Inc.	66,963	0.21%	$2.1M	+32,529 (+94.5%)
40	Swiss National Bank	62,308	0.19%	$1.9M	+4,700 (+8.2%)
41	SMITH SHELLNUT WILSON LLC /ADV	61,136	0.19%	$1.9M	—
42	Summit Financial Wealth Advisors, LLC	59,472	0.18%	$1.8M	+23 (+0.0%)
43	UBS Group AG	54,976	0.17%	$1.7M	+23,967 (+77.3%)
44	Connor, Clark & Lunn Investment Management Ltd.	49,454	0.15%	$1.5M	+13,274 (+36.7%)
45	BANK OF AMERICA CORP /DE/	49,289	0.15%	$1.5M	-2,068 (-4.0%)
46	Argent Advisors, Inc.	48,638	0.15%	$1.5M	+23,742 (+95.4%)
47	Kestra Advisory Services, LLC	47,652	0.15%	$1.5M	+253 (+0.5%)
48	Pacific Ridge Capital Partners, LLC	46,854	0.14%	$1.4M	-529 (-1.1%)
49	VICTORY CAPITAL MANAGEMENT INC	46,750	0.14%	$1.4M	+3,300 (+7.6%)
50	Womack Financial LLC	43,858	0.13%	$1.3M	-6,803 (-13.4%)
51	RHUMBLINE ADVISERS	41,893	0.13%	$1.3M	+3,101 (+8.0%)
52	HSBC HOLDINGS PLC	41,303	0.13%	$1.3M	-19,093 (-31.6%)
53	Montz Harcus Wealth Management LLC	40,743	0.13%	$1.3M	+213 (+0.5%)
54	PRUDENTIAL FINANCIAL INC	40,555	0.12%	$1.2M	+250 (+0.6%)
55	KENNEDY CAPITAL MANAGEMENT LLC	38,306	0.12%	$1.2M	NEW
56	Schonfeld Strategic Advisors LLC	38,158	0.12%	$1.2M	NEW
57	Meriwether Wealth & Planning, LLC	37,186	0.11%	$1.1M	-397 (-1.1%)
58	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	37,123	0.11%	$1.1M	+9,547 (+34.6%)
59	Invesco Ltd.	36,504	0.11%	$1.1M	+1,121 (+3.2%)
60	Geneos Wealth Management Inc.	36,237	0.11%	$1.1M	-2,000 (-5.2%)
61	Jump Financial, LLC	35,720	0.11%	$1.1M	NEW
62	MILLENNIUM MANAGEMENT LLC	34,317	0.11%	$1.1M	+7,182 (+26.5%)
63	LPL Financial LLC	32,783	0.10%	$1.0M	—
64	DEUTSCHE BANK AG\	32,100	0.10%	$986K	+5,643 (+21.3%)
65	CITIGROUP INC	31,606	0.10%	$971K	+26,319 (+497.8%)
66	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	31,600	0.10%	$971K	+766 (+2.5%)
67	PRINCIPAL FINANCIAL GROUP INC	31,391	0.10%	$965K	+1,770 (+6.0%)
68	FreeGulliver LLC	30,014	0.09%	$922K	—
69	JACOBS LEVY EQUITY MANAGEMENT, INC	29,774	0.09%	$915K	-5,379 (-15.3%)
70	Quantinno Capital Management LP	28,991	0.09%	$891K	+10,958 (+60.8%)
71	Ethos Financial Group, LLC	27,631	0.08%	$884K	—
72	STRS OHIO	27,000	0.08%	$830K	+3,600 (+15.4%)
73	WELLS FARGO & COMPANY/MN	26,824	0.08%	$824K	+14,720 (+121.6%)
74	SEI INVESTMENTS CO	26,606	0.08%	$818K	-24,846 (-48.3%)
75	PRICE T ROWE ASSOCIATES INC /MD/	26,451	0.08%	$813K	+3,934 (+17.5%)
76	Vident Advisory, LLC	25,913	0.08%	$796K	—
77	Robertson Stephens Wealth Management, LLC	25,486	0.08%	$783K	—
78	Pathstone Holdings, LLC	25,395	0.08%	$780K	—
79	VANGUARD ASSET MANAGEMENT, Ltd	24,069	0.07%	$740K	+6,629 (+38.0%)
80	Legal & General Group Plc	23,626	0.07%	$726K	+313 (+1.3%)
81	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	23,321	0.07%	$717K	NEW
82	Penn Capital Management Company, LLC	22,374	0.07%	$688K	-2,505 (-10.1%)
83	BNP PARIBAS FINANCIAL MARKETS	21,760	0.07%	$669K	+12,223 (+128.2%)
84	SG Americas Securities, LLC	21,639	0.07%	$665K	+11,316 (+109.6%)
85	Vines Capital Management, LLC	21,000	0.06%	$645K	-28,062 (-57.2%)
86	Texas Yale Capital Corp.	19,890	0.06%	$611K	—
87	Kings Path Partners LLC	19,770	0.06%	$608K	—
88	Y-Intercept (Hong Kong) Ltd	19,479	0.06%	$599K	NEW
89	LSV ASSET MANAGEMENT	19,270	0.06%	$592K	—
90	Hartmann Taylor Wealth Management, LLC	18,506	0.06%	$500K	—
91	MetLife Investment Management, LLC	18,334	0.06%	$563K	+1,203 (+7.0%)
92	Quantbot Technologies LP	17,972	0.06%	$552K	+15,823 (+736.3%)
93	FIRST FOUNDATION ADVISORS	17,966	0.06%	$552K	—
94	Stratos Wealth Partners, LTD.	17,950	0.06%	$552K	-600 (-3.2%)
95	SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC	17,475	0.05%	$537K	-6,553 (-27.3%)
96	VARCOV Co.	17,459	0.05%	$537K	NEW
97	Rodgers Brothers Inc.	16,500	0.05%	$507K	—
98	AMERIPRISE FINANCIAL INC	16,350	0.05%	$502K	-172 (-1.0%)
99	1492 Capital Management LLC	16,216	0.05%	$498K	—
100	E&G Advisors, LLC	16,100	0.05%	$495K	—
101	EntryPoint Capital, LLC	15,774	0.05%	$485K	—
102	Vanguard Global Advisers, LLC	15,692	0.05%	$482K	-11,327 (-41.9%)
103	BARCLAYS PLC	15,163	0.05%	$466K	+4,547 (+42.8%)
104	Rafferty Asset Management, LLC	15,005	0.05%	$461K	NEW
105	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	14,640	0.04%	$450K	-117 (-0.8%)
106	Universal- Beteiligungs- und Servicegesellschaft mbH	13,022	0.04%	$400K	+832 (+6.8%)
107	NEW YORK STATE COMMON RETIREMENT FUND	12,602	0.04%	$387K	+3,400 (+36.9%)
108	ROYAL BANK OF CANADA	11,672	0.04%	$359K	+1,943 (+20.0%)
109	XTX Topco Ltd	11,001	0.03%	$338K	NEW
110	MERCER GLOBAL ADVISORS INC /ADV	10,490	0.03%	$322K	+366 (+3.6%)
111	Sequoia Financial Advisors, LLC	10,422	0.03%	$320K	NEW
112	Aquatic Capital Management LLC	10,186	0.03%	$313K	+9,764 (+2313.7%)
113	ASSET PLANNING SERVICES INC /LA/ /ADV	10,000	0.03%	$307K	—
114	CANADA PENSION PLAN INVESTMENT BOARD	9,800	0.03%	$301K	—
115	Sterling Capital Management LLC	9,382	0.03%	$288K	-403 (-4.1%)
116	Police & Firemen's Retirement System of New Jersey	9,376	0.03%	$288K	+1,532 (+19.5%)
117	KG Capital Management	8,831	0.03%	$271K	—
118	ARIZONA STATE RETIREMENT SYSTEM	8,570	0.03%	$263K	+439 (+5.4%)
119	Campbell & CO Investment Adviser LLC	8,503	0.03%	$261K	NEW
120	Daytona Street Capital LLC	8,000	0.02%	$242K	—
121	Zurcher Kantonalbank (Zurich Cantonalbank)	7,978	0.02%	$245K	—
122	AE Wealth Management LLC	7,706	0.02%	$237K	NEW
123	NewEdge Advisors, LLC	7,667	0.02%	$236K	+6,284 (+454.4%)
124	JMN Financial LLC	7,641	0.02%	$235K	-345 (-4.3%)
125	IEQ CAPITAL, LLC	7,301	0.02%	$224K	-457 (-5.9%)
126	Farther Finance Advisors, LLC	7,124	0.02%	$219K	+168 (+2.4%)
127	Prime Capital Investment Advisors, LLC	7,052	0.02%	$217K	-1,700 (-19.4%)
128	VOYA INVESTMENT MANAGEMENT LLC	6,902	0.02%	$212K	NEW
129	STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	6,850	0.02%	$211K	NEW
130	RAYMOND JAMES FINANCIAL INC	6,723	0.02%	$207K	-39,545 (-85.5%)
131	INTECH INVESTMENT MANAGEMENT LLC	6,678	0.02%	$205K	-733 (-9.9%)
132	Vanguard Investments Australia, Ltd.	6,543	0.02%	$201K	—
133	KLP KAPITALFORVALTNING AS	6,300	0.02%	$194K	—
134	FMR LLC	4,562	0.01%	$140K	+465 (+11.3%)
135	CANADA LIFE ASSURANCE Co	4,424	0.01%	$136K	—
136	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	3,169	0.01%	$97K	—
137	Ameritas Investment Partners, Inc.	2,885	0.01%	$89K	+506 (+21.3%)
138	Tower Research Capital LLC (TRC)	2,799	0.01%	$86K	+537 (+23.7%)
139	Steward Partners Investment Advisory, LLC	1,666	0.01%	$51K	—
140	Delos Wealth Advisors, LLC	1,258	0.00%	$39K	—
141	State of Alaska, Department of Revenue	1,189	0.00%	$36K	—
142	Smartleaf Asset Management LLC	1,099	0.00%	$34K	—
143	Amova Asset Management Americas, Inc.	1,066	0.00%	$33K	NEW
144	NISA INVESTMENT ADVISORS, LLC	725	0.00%	$22K	+682 (+1586.0%)
145	IFG Advisory, LLC	525	0.00%	$16K	NEW
146	ADKINS SEALE CAPITAL MANAGEMENT LLC	499	0.00%	$15K	—
147	GAMMA Investing LLC	330	0.00%	$10K	—
148	Optiver Holding B.V.	274	0.00%	$8K	+168 (+158.5%)
149	Allworth Financial LP	247	0.00%	$8K	+11 (+4.7%)
150	FEDERATED HERMES, INC.	239	0.00%	$7K	NEW
151	Capital Advisors, Ltd. LLC	226	0.00%	$7K	—
152	Rockefeller Capital Management L.P.	205	0.00%	$6K	-227 (-52.5%)
153	JONES FINANCIAL COMPANIES LLLP	193	0.00%	$6K	—
154	US BANCORP \DE\	166	0.00%	$5K	+23 (+16.1%)
155	IFP Advisors, Inc	141	0.00%	$4K	-8 (-5.4%)
156	EverSource Wealth Advisors, LLC	126	0.00%	$4K	-9 (-6.7%)
157	Essential Partners LLC	110	0.00%	$3K	-25 (-18.5%)
158	OSAIC HOLDINGS, INC.	79	0.00%	$2K	+3 (+3.9%)
159	ROTHSCHILD INVESTMENT LLC	78	0.00%	$2K	—
160	Versant Capital Management, Inc	74	0.00%	$2K	—
161	Torren Management, LLC	63	0.00%	$2K	—
162	True Wealth Design, LLC	59	0.00%	$2K	-7 (-10.6%)
163	SIGNATUREFD, LLC	59	0.00%	$2K	-93 (-61.2%)
164	Quarry LP	50	0.00%	$2K	+19 (+61.3%)
165	Larson Financial Group LLC	35	0.00%	$1K	—
166	PNC Financial Services Group, Inc.	34	0.00%	$1K	-12,581 (-99.7%)
167	LOS ANGELES CAPITAL MANAGEMENT LLC	30	0.00%	$922	-24,338 (-99.9%)
168	Fortitude Family Office, LLC	19	0.00%	$584	+14 (+280.0%)
169	Covestor Ltd	17	0.00%	$1K	-10 (-37.0%)
170	Trust Co	17	0.00%	$525	—
171	Clearstead Advisors, LLC	15	0.00%	$461	NEW
172	Keating Financial Advisory Services, Inc.	11	0.00%	$338	+1 (+10.0%)
173	Caitong International Asset Management Co., Ltd	4	0.00%	$123	NEW

Exited since 2026-03-31 (17 filers; largest 17 shown)

JANUS HENDERSON GROUP PLC	−989,686
Fourthstone LLC	−231,075
Qube Research & Technologies Ltd	−116,841
STEEL GROVE CAPITAL ADVISORS, LLC	−47,736
Gator Capital Management, LLC	−33,168
TEACHER RETIREMENT SYSTEM OF TEXAS	−28,787
MQS Management LLC	−21,397
CenterBook Partners LP	−15,532
SUSQUEHANNA INTERNATIONAL GROUP, LLP	−10,916
DGS Capital Management, LLC	−8,165
CWM, LLC	−4,453
QUADRANT CAPITAL GROUP LLC	−107
Root Financial Partners, LLC	−49
Physician Wealth Advisors, Inc.	−30
MAI Capital Management	−19
Sunbelt Securities, Inc.	−13
TWIN PEAKS WEALTH ADVISORS, LLC	−1

Large holders from 13D/13G (latest per reporting person, last 2 years)

Filed when a holder crosses 5% or changes materially, so often more current than the quarter-end 13F. Percentages are the filer's own, against the share count they used.

Reporting person	Form	Filed	Event	Shares	% of class
BlackRock, Inc.	SCHEDULE 13G/A	2026-07-27	2026-06-30	2,607,517	8%
Vanguard Capital Management	SCHEDULE 13G	2026-04-29	2026-03-31	1,675,898	5.12%
The Vanguard Group	SCHEDULE 13G/A	2026-03-26	2026-03-13	0	0%

Source: SEC Form 13F-HR information tables for the quarter ending 2026-06-30 (filed within 45 days of quarter end; amendments applied; values normalised to dollars), the share count from the company's latest 10-K/10-Q XBRL cover page, and Schedule 13D/13G filings. Each row is a legal 13F filer as filed — related entities (e.g. Vanguard's advisers) are not merged. Retail brokerage accounts are not reported on 13F, so the remainder is mostly retail and insiders.