BUSINESS FIRST BANCSHARES IN

Ticker: BFST CUSIP: 12326C105 Class: Common Stock

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
BlackRock, Inc.2,290,313$59,869
VANGUARD GROUP INC1,648,151$43,083
DIMENSIONAL FUND ADVISORS LP1,083,887$28,333
JANUS HENDERSON GROUP PLC986,146$25,778
ROYCE & ASSOCIATES LP823,364$21,523
AMERICAN CENTURY COMPANIES INC787,357$20,582
GEODE CAPITAL MANAGEMENT, LLC731,206$19,119
STATE STREET CORP590,174$15,427
MANUFACTURERS LIFE INSURANCE COMPANY, THE439,856$11,498
Ranger Investment Management, L.P.322,375$8,427
JPMORGAN CHASE & CO274,131$7,166
NORTHERN TRUST CORP261,570$6,837
Curi Capital, LLC250,009$6,535
MENDON CAPITAL ADVISORS CORP250,000$6,535
CHARLES SCHWAB INVESTMENT MANAGEMENT INC242,669$6,343
Russell Investments Group, Ltd.233,332$6,099
BRIDGEWAY CAPITAL MANAGEMENT, LLC203,207$5,312
BANC FUNDS CO LLC190,549$4,981
GOLDMAN SACHS GROUP INC176,630$4,617
MORGAN STANLEY172,090$4,498
FRANKLIN RESOURCES INC155,159$4,056
Fourthstone LLC132,169$3,455
Bank of New York Mellon Corp124,203$3,247
Empowered Funds, LLC117,407$3,069
ALLIANCEBERNSTEIN L.P.112,138$2,931
FIRST TRUST ADVISORS LP105,350$2,754
AQR CAPITAL MANAGEMENT LLC103,263$2,699
Robertson Stephens Wealth Management, LLC95,862$2,506
Polaris Capital Management, LLC82,400$2,154
Cresset Asset Management, LLC70,503$1,843
Creative Planning68,925$1,802
Gator Capital Management, LLC65,967$1,724
TWO SIGMA INVESTMENTS, LP63,436$1,658
MILLENNIUM MANAGEMENT LLC61,844$1,617
Swiss National Bank57,608$1,506
Nuveen, LLC55,694$1,456
BANK OF AMERICA CORP /DE/53,592$1,401
RAYMOND JAMES FINANCIAL INC51,853$1,355
Womack Financial LLC51,651$1,350
PRUDENTIAL FINANCIAL INC47,715$1,247
Pacific Ridge Capital Partners, LLC47,374$1,238
Connor, Clark & Lunn Investment Management Ltd.47,218$1,234
BARCLAYS PLC46,210$1,208
VICTORY CAPITAL MANAGEMENT INC44,000$1,150
Man Group plc42,162$1,102
Brandywine Global Investment Management, LLC40,361$1,055
Montz Harcus Wealth Management LLC40,313$1,054
Geneos Wealth Management Inc.38,237$1,000
Meriwether Wealth & Planning, LLC37,583$982
MARSHALL WACE, LLP36,930$965
RHUMBLINE ADVISERS36,700$959
Invesco Ltd.36,668$959
WELLS FARGO & COMPANY/MN32,136$840
UBS Group AG31,171$815
JACOBS LEVY EQUITY MANAGEMENT, INC30,970$810
CenterBook Partners LP30,745$804
LPL Financial LLC30,478$797
UBS ASSET MANAGEMENT AMERICAS INC29,904$782
Hartmann Taylor Wealth Management, LLC28,506$745
Ethos Financial Group, LLC27,631$722
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM27,610$722
Legal & General Group Plc26,074$682
Pathstone Holdings, LLC25,395$664
LOS ANGELES CAPITAL MANAGEMENT LLC25,047$615
SG Americas Securities, LLC24,984$1
SEI INVESTMENTS CO22,573$590
DEUTSCHE BANK AG\22,394$585
Penn Capital Management Company, LLC21,956$574
Campbell & CO Investment Adviser LLC20,670$540
MARTINGALE ASSET MANAGEMENT L P20,423$534
RENAISSANCE TECHNOLOGIES LLC20,300$531
Stratos Wealth Partners, LTD.20,125$526
Qube Research & Technologies Ltd19,691$515
LSV ASSET MANAGEMENT19,270$1
JANE STREET GROUP, LLC18,631$487
AMERIPRISE FINANCIAL INC18,382$481
FIRST FOUNDATION ADVISORS17,966$470
D. E. Shaw & Co., Inc.17,535$458
MetLife Investment Management, LLC17,131$448
Rodgers Brothers Inc.16,500$431
PRICE T ROWE ASSOCIATES INC /MD/16,236$0
TWO SIGMA ADVISERS, LP16,200$423
E&G Advisors, LP16,100$421
EntryPoint Capital, LLC15,774$412
Sterling Capital Management LLC15,440$404
State of Tennessee, Department of Treasury14,469$408
Trexquant Investment LP13,923$364
Y-Intercept (Hong Kong) Ltd13,448$352
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.13,259$347
Squarepoint Ops LLC13,027$341
Argent Advisors, Inc.12,949$338
PNC Financial Services Group, Inc.12,652$331
Universal- Beteiligungs- und Servicegesellschaft mbH12,190$319
Thrivent Financial for Lutherans12,037$0
CITADEL ADVISORS LLC11,922$312
STRS OHIO11,600$303
PharVision Advisers, LLC11,334$296
Quantinno Capital Management LP11,045$289
IEQ CAPITAL, LLC10,993$287
BNP PARIBAS ARBITRAGE, SA10,711$280
62 other institutions240,719$5,737
Total (162 institutions)15,297,737$397,428