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Brown-Forman Class A
BF.A

203 hedge funds and large institutions have $475M invested in Brown-Forman Class A in 2025 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 53 increasing their positions, 79 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more call options, than puts

Call options by funds: $316K | Put options by funds: $205K

25% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 24

0% more funds holding

Funds holding: 202 → 203 (+1)

0.16% less ownership

Funds ownership: 10.85% → 10.69% (-0.16%)

4% less capital invested

Capital invested by funds: $494M → $475M (-$19.3M)

33% less repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 79

Holders
203
Holders Change
+1
Holders Change %
+0.5%
% of All Funds
2.47%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
30
Increased
53
Reduced
79
Closed
24
Calls
$316K
Puts
$205K
Net Calls
+$111K
Net Calls Change
+$1.08M

Top Buyers

Rank Fund Capital Flow
1
KIG
Kessler Investment Group
Indiana
+$4.86M
2
Millennium Management
Millennium Management
New York
+$2.55M
3
SCM
Sone Capital Management
New York
+$1.79M
4
Bank of New York Mellon
Bank of New York Mellon
New York
+$1.7M
5
MIC
Maxi Investments CY
Cyprus
+$1.7M

Top Sellers

Rank Fund Capital Flow
1
Baird Financial Group
Baird Financial Group
Wisconsin
-$10.7M
2
Legal & General Group
Legal & General Group
United Kingdom
-$5.46M
3
Northern Trust
Northern Trust
Illinois
-$2.69M
4
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
-$1.78M
5
Jane Street
Jane Street
New York
-$1.77M
Name Holding Trade Value Shares
Change 		Change in
Stake
HIC
26
Harvey Investment Company
Kentucky
$2.25M – – –
Brown Advisory
27
Brown Advisory
Maryland
$2.16M -$84 -3 -0%
AQR Capital Management
28
AQR Capital Management
Connecticut
$1.9M +$327K +11,706 +19%
Citadel Advisors
29
Citadel Advisors
Florida
$1.8M -$750K -26,876 -28%
PWA
30
Pitcairn Wealth Advisors
Pennsylvania
$1.77M +$1.88M +67,460 New
Luther King Capital Management (LKCM)
31
Luther King Capital Management (LKCM)
Texas
$1.75M – – –
SCM
32
Sone Capital Management
New York
$1.68M +$1.79M +63,991 New
MIC
33
Maxi Investments CY
Cyprus
$1.6M +$1.7M +60,796 New
N
34
Nuveen
North Carolina
$1.52M -$273K -9,785 -15%
Renaissance Technologies
35
Renaissance Technologies
New York
$1.47M -$257K -9,200 -14%
Bank of America
36
Bank of America
North Carolina
$1.45M +$420K +15,050 +37%
Pathstone Holdings
37
Pathstone Holdings
New Jersey
$1.44M -$270K -9,674 -15%
PAG
38
Poinciana Advisors Group
Florida
$1.38M -$167 -6 -0%
Mariner
39
Mariner
Kansas
$1.33M +$96K +3,440 +7%
EI
40
Ethic Inc
New York
$1.31M +$353K +12,638 +34%
RhumbLine Advisers
41
RhumbLine Advisers
Massachusetts
$1.27M -$1.78M -63,818 -57%
SSA
42
Schonfeld Strategic Advisors
New York
$1.27M +$1.14M +40,768 +548%
BOTPPF
43
Board of the Pension Protection Fund
United Kingdom
$1.27M +$1.34M +48,100 New
TTWM
44
TCV Trust & Wealth Management
Virginia
$1.19M – – –
Goldman Sachs
45
Goldman Sachs
New York
$1.12M -$334K -11,962 -22%
JSW
46
Journey Strategic Wealth
New Jersey
$1.01M +$46.1K +1,652 +5%
T. Rowe Price Associates
47
T. Rowe Price Associates
Maryland
$948K – – –
AC
48
Aristides Capital
Kentucky
$921K – – –
JP Morgan Chase
49
JP Morgan Chase
New York
$865K +$460K +16,483 +100%
WJWM
50
Williams Jones Wealth Management
New York
$850K -$19.5K -700 -2%
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3 4 5

BF.A Hedge Fund Activity: Q4 2025 in Review

203 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Brown-Forman Class A (BF.A) for Q4 2025, worth a combined $475M — down 3.9% from $494M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new BF.A positions and 24 closed out — a net gain of 6 holders — while 53 added to existing stakes and 79 trimmed.

The largest buyer was Kessler Investment Group, adding an estimated $4.86M. The largest seller was Baird Financial Group, cutting an estimated $10.7M.

  • 203 institutional investors held Brown-Forman Class A (BF.A) as of Q4 2025, up from 202 in Q3 2025.
  • Funds reported $475M of Brown-Forman Class A stock for Q4 2025, down 3.9% quarter-over-quarter.
  • 30 funds opened new Brown-Forman Class A positions in Q4 2025 and 24 closed out, a net change of +6 holders.
  • The largest Brown-Forman Class A buyer in Q4 2025 was Kessler Investment Group, an estimated $4.86M added.
  • The largest Brown-Forman Class A seller in Q4 2025 was Baird Financial Group, an estimated $10.7M sold.

Based on aggregated 13F filings for Q4 2025.