Brightspire Capital Inc (BRSP) — Smart Money Tracker (13F, Q2 2026)

BRSP ranks #2671 out of 37696 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

BRSP is a top-conviction position for North Ground Capital — at 7.1% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in BRSP belongs to California State Teachers Retirement System, but the position matters far more to North Ground Capital, who has 7.1% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

Independent Financial Group, LLC has trimmed its BRSP position for two straight quarters, cutting it by $188.8K while still holding $81.2K.

BRSP is down 2.6% today, and institutions have been net sellers of $41.4M this quarter — today's price move and the underlying institutional flow are pointing the same direction.

BRSP reported a net loss of $26.9M over the trailing twelve months.

• Not yet profitable — net loss of $26.9M over the trailing twelve months
• Revenue grew 0.2% year over year
• Net income declined year over year, from -$24.8M to -$26.9M
• Generated $73.0M in positive operating cash flow
• Liabilities run 2.81x equity — a highly leveraged balance sheet worth noting