Embodiments relate to a semi-exclusive second-level branch target buffer. An aspect includes a computer-implemented method for a semi-exclusive second-level branch target buffer. The method includes performing a search to locate entries in a BTB2 having a memory region corresponding to a search request. Based on locating the entries in the BTB2, a bulk transfer of located entries is performed from the BTB2 to a BTBP. A state associated with the located entries is updated to encourage exclusivity between the BTB1 and the BTB2. Based on transferring a BTBP entry from the BTBP to a BTB1, a BTB1 entry is evicted from the BTB1. The evicted BTB1 entry is transferred from the BTB1 to the BTB2.