Chicago Atlantic BDC, Inc.
US ˙ NasdaqGM ˙ US8281741020

SecurityLIEN / Chicago Atlantic BDC, Inc.
InstitutionIntrepid Capital Management Inc
Latest Disclosed Ownership756,185 shares
Latest Disclosed Value $ 7,062,768
Intrepid Capital Management Inc reports 0.41% decrease in ownership of LIEN / Chicago Atlantic BDC, Inc.

On May 15, 2026 - Intrepid Capital Management Inc filed a 13F-HR form disclosing ownership of 756,185 shares of Chicago Atlantic BDC, Inc. (US:LIEN) valued at $7,062,768 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 759,303 shares of Chicago Atlantic BDC, Inc.. This represents a change in shares of -0.41% during the quarter. The current value of the position is $7,425,737 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F Chicago Atlantic Bdc COM 828174102 756,185 -3,118 -0.41 7,063 -9.96 2.7107
2026-02-13 2025-12-31 13F Chicago Atlantic Bdc COM 828174102 759,303 0 0.00 7,844 -1.62 3.0341
2025-11-13 2025-09-30 13F Chicago Atlantic Bdc COM 828174102 759,303 0 0.00 7,973 1.45 3.1389
2025-08-12 2025-06-30 13F Chicago Atlantic Bdc COM 828174102 759,303 3,118 0.41 7,859 -8.03 3.1913
2025-05-15 2025-03-31 13F Chicago Atlantic Bdc COM 828174102 756,185 0 0.00 8,545 -7.27 4.1503
2025-02-12 2024-12-31 13F Chicago Atlantic Bdc COM 828174102 756,185 739,293 4,376.59 9,214 5,047.49 4.6904
2024-11-14 2024-09-30 13F Chicago Atlantic Bdc COM 828174102 16,892 0 0.00 180 -10.50 0.0997
2024-08-15 2024-06-30 13F SILVER SPIKE INVESTMENT COM 828174102 16,892 16,892 200 0.1273
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.