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Terry Smith’s Brown-Forman Class B BF.B Stock Holding History

Terry Smith’s Portfolio BF.B Stock Details BF.B Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q2 		– Sell
-9,637,881
Closed -$327M – 40
2025
Q1 		$327M Hold
9,637,881
– – 1.49% 19
2024
Q4 		$366M Sell
9,637,881
-372,626
-4% -$16.4M 1.56% 18
2024
Q3 		$493M Sell
10,010,507
-1,128,244
-10% -$50.7M 1.95% 18
2024
Q2 		$481M Sell
11,138,751
-320,029
-3% -$15M 1.96% 18
2024
Q1 		$592M Sell
11,458,780
-193,926
-2% -$10.8M 2.32% 18
2023
Q4 		$665M Sell
11,652,706
-433,465
-4% -$24.8M 2.79% 17
2023
Q3 		$697M Sell
12,086,171
-109,346
-0.9% -$7.27M 3.17% 14
2023
Q2 		$814M Sell
12,195,517
-34,531
-0.3% -$2.21M 3.42% 13
2023
Q1 		$786M Buy
12,230,048
+83,252
+0.7% +$5.41M 3.39% 15
2022
Q4 		$798M Sell
12,146,796
-79,544
-0.7% -$5.4M 3.64% 12
2022
Q3 		$814M Buy
12,226,340
+13,209
+0.1% +$961K 3.86% 11
2022
Q2 		$857M Buy
12,213,131
+429,127
+4% +$28.8M 3.78% 13
2022
Q1 		$790M Sell
11,784,004
-3,669,290
-24% -$244M 2.71% 19
2021
Q4 		$1.13B Buy
15,453,294
+1,030,683
+7% +$73.3M 2.75% 20
2021
Q3 		$966M Buy
14,422,611
+1,826,621
+15% +$129M 2.67% 18
2021
Q2 		$944M Buy
12,595,990
+1,364,294
+12% +$104M 2.62% 18
2021
Q1 		$775M Buy
11,231,696
+975,848
+10% +$71.5M 2.46% 18
2020
Q4 		$815M Buy
10,255,848
+2,103
+0% +$162K 2.7% 18
2020
Q3 		$772M Buy
10,253,745
+388,904
+4% +$27.8M 3.02% 18
2020
Q2 		$628M Buy
9,864,841
+20,210
+0.2% +$1.29M 2.74% 17
2020
Q1 		$546M Buy
9,844,631
+214,024
+2% +$13.8M 3.08% 16
2019
Q4 		$651M Buy
9,630,607
+387,421
+4% +$25.2M 3.08% 16
2019
Q3 		$580M Buy
+9,243,186
New +$540M 2.97% 16

Other funds holding BF.B

Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return
Fidelity Investments
Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return
Invesco
Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return
Bank of America
Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return
ProShare Advisors
ProShare Advisors Bethesda, Maryland $69.2B AUM 41.24% 1-Year Est. Return
Charles Schwab
Charles Schwab San Francisco, California $751B AUM 38.74% 1-Year Est. Return

Terry Smith's BF.B Position: Q2 2025 in Review

Terry Smith sold out of Brown-Forman Class B (BF.B) in Q2 2025, closing a stake of 9,637,881 shares — an estimated $327M sold.

Terry Smith first reported a position in BF.B in Q3 2019 and held it in 23 quarters. The position peaked at $1.13B in Q4 2021. 640 funds tracked by Wall St. Rank hold BF.B as of Q2 2025.

  • Terry Smith reported no remaining Brown-Forman Class B position as of Q2 2025 after selling out during the quarter.
  • Terry Smith sold 9,637,881 Brown-Forman Class B shares in Q2 2025, an estimated $327M.
  • Terry Smith first reported a position in Brown-Forman Class B in Q3 2019 and held it in 23 quarters.
  • Terry Smith's Brown-Forman Class B position peaked at $1.13B in Q4 2021.
  • 640 funds tracked by Wall St. Rank held Brown-Forman Class B as of Q2 2025.

Based on Fundsmith LLP's 13F filing for Q2 2025, filed 14 Aug 2025.