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Brown-Forman Class A
BF.A

202 hedge funds and large institutions have $494M invested in Brown-Forman Class A in 2025 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 66 increasing their positions, 57 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

32% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 28

16% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 57

4% more funds holding

Funds holding: 195 → 202 (+7)

0.22% more ownership

Funds ownership: 10.63% → 10.85% (+0.22%)

0% less capital invested

Capital invested by funds: $494M → $494M (-$412K)

83% less call options, than puts

Call options by funds: $205K | Put options by funds: $1.18M

Holders
202
Holders Change
+7
Holders Change %
+3.59%
% of All Funds
2.65%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
37
Increased
66
Reduced
57
Closed
28
Calls
$205K
Puts
$1.18M
Net Calls
-$973K
Net Calls Change
+$406K

Top Buyers

Rank Fund Capital Flow
1
Baird Financial Group
Baird Financial Group
Wisconsin
+$10.9M
2
KIG
Kessler Investment Group
Indiana
+$4.48M
3
Jane Street
Jane Street
New York
+$3.9M
4
QCM
Quantinno Capital Management
New York
+$2.61M
5
Citadel Advisors
Citadel Advisors
Florida
+$2.5M

Top Sellers

Rank Fund Capital Flow
1
Wealthfront Advisers
Wealthfront Advisers
California
-$5.37M
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$4.7M
3
GRQ
Gardner Russo & Quinn
Pennsylvania
-$3.17M
4
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
-$2.98M
5
Bank of New York Mellon
Bank of New York Mellon
New York
-$2.96M
Name Holding Trade Value Shares
Change 		Change in
Stake
HIC
26
Harvey Investment Company
Kentucky
$2.3M – – –
Brown Advisory
27
Brown Advisory
Maryland
$2.21M +$87 +3 +0%
D.E. Shaw & Co
28
D.E. Shaw & Co
New York
$2.12M +$2.29M +78,755 New
N
29
Nuveen
North Carolina
$1.81M – – –
Luther King Capital Management (LKCM)
30
Luther King Capital Management (LKCM)
Texas
$1.79M – – –
Renaissance Technologies
31
Renaissance Technologies
New York
$1.75M -$90.1K -3,100 -5%
Pathstone Holdings
32
Pathstone Holdings
New Jersey
$1.73M +$451K +15,509 +32%
AQR Capital Management
33
AQR Capital Management
Connecticut
$1.62M -$855K -29,401 -33%
UBS Group
34
UBS Group
Switzerland
$1.62M +$692K +23,804 +66%
P
35
Pitcairn
Pennsylvania
$1.47M +$281K +9,668 +21%
Goldman Sachs
36
Goldman Sachs
New York
$1.47M +$206K +7,074 +15%
PAG
37
Poinciana Advisors Group
Florida
$1.41M -$7.03K -242 -0.5%
Mariner
38
Mariner
Kansas
$1.26M +$42.2K +1,453 +3%
SFG
39
Sather Financial Group
Texas
$1.25M +$17.5K +602 +1%
Charles Schwab
40
Charles Schwab
California
$1.24M -$90.6K -3,116 -6%
TTWM
41
TCV Trust & Wealth Management
Virginia
$1.22M +$237K +8,150 +22%
Raymond James Financial
42
Raymond James Financial
Florida
$1.17M +$418K +14,396 +50%
US Bancorp
43
US Bancorp
Minnesota
$1.16M -$959 -33 -0.1%
UIM
44
USS Investment Management
United Kingdom
$1.12M – – –
AA
45
ABC Arbitrage
France
$1.1M +$1.19M +40,946 New
Bank of America
46
Bank of America
North Carolina
$1.08M +$62.4K +2,147 +6%
EI
47
Ethic Inc
New York
$1M -$350K -12,051 -24%
JSW
48
Journey Strategic Wealth
New Jersey
$988K -$581 -20 -0.1%
T. Rowe Price Associates
49
T. Rowe Price Associates
Maryland
$969K – – –
Wells Fargo
50
Wells Fargo
California
$942K -$375K -12,913 -27%
1
2
3 4 5

BF.A Hedge Fund Activity: Q3 2025 in Review

202 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Brown-Forman Class A (BF.A) for Q3 2025, worth a combined $494M — down 0.08% from $494M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new BF.A positions and 28 closed out — a net gain of 9 holders — while 66 added to existing stakes and 57 trimmed.

The largest buyer was Baird Financial Group, adding an estimated $10.9M. The largest seller was Wealthfront Advisers, exiting entirely with an estimated $5.37M sold.

  • 202 institutional investors held Brown-Forman Class A (BF.A) as of Q3 2025, up from 195 in Q2 2025.
  • Funds reported $494M of Brown-Forman Class A stock for Q3 2025, down 0.08% quarter-over-quarter.
  • 37 funds opened new Brown-Forman Class A positions in Q3 2025 and 28 closed out, a net change of +9 holders.
  • The largest Brown-Forman Class A buyer in Q3 2025 was Baird Financial Group, an estimated $10.9M added.
  • The largest Brown-Forman Class A seller in Q3 2025 was Wealthfront Advisers, an estimated $5.37M sold.

Based on aggregated 13F filings for Q3 2025.