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Brown-Forman Class A
BF.A

126 hedge funds and large institutions have $1.44B invested in Brown-Forman Class A in 2017 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 33 increasing their positions, 36 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more capital invested

Capital invested by funds: $1.02B → $1.44B (+$415M)

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

3.75% more ownership

Funds ownership: 15.33% → 19.08% (+3.8%)

8% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 12

1% more funds holding

Funds holding: 125 → 126 (+1)

8% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 36

Holders
126
Holders Change
+1
Holders Change %
+0.8%
% of All Funds
3.14%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.1%
New
13
Increased
33
Reduced
36
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AB
Atlas Brown
Kentucky
+$265M
2
LT
Lindsell Train
United Kingdom
+$8.78M
3
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
+$3.68M
4
TCIM
TIAA CREF Investment Management
New York
+$827K
5
US Bancorp
US Bancorp
Minnesota
+$712K

Top Sellers

Rank Fund Capital Flow
1
GRQ
Gardner Russo & Quinn
Pennsylvania
-$2.9M
2
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
-$2.11M
3
State Street
State Street
Massachusetts
-$1.66M
4
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
-$1.4M
5
Renaissance Technologies
Renaissance Technologies
New York
-$1.31M
Name Holding Trade Value Shares
Change 		Change in
Stake
BC
76
Bartlett & Co
Ohio
$370K – – –
GT
77
Glenmede Trust
Pennsylvania
$350K – – –
JG
78
Jefferies Group
New York
$335K +$317K +7,516 New
LJAC
79
L.J. Altfest & Co
New York
$334K – – –
AB
80
Amalgamated Bank
New York
$314K +$9.49K +225 +3%
TWA
81
TCI Wealth Advisors
Arizona
$312K – – –
Royal Bank of Canada
82
Royal Bank of Canada
Ontario, Canada
$310K +$34.5K +818 +13%
OC
83
Oppenheimer & Co
New York
$300K +$285K +6,750 New
Balyasny Asset Management
84
Balyasny Asset Management
Illinois
$272K +$257K +6,103 New
Russell Investments Group
85
Russell Investments Group
United Kingdom
$261K -$313K -7,415 -56%
JMPWA
86
JP Morgan Private Wealth Advisors
California
$261K – – –
Deutsche Bank
87
Deutsche Bank
Germany
$254K -$280K -6,635 -54%
Principal Financial Group
88
Principal Financial Group
Iowa
$249K -$316K -7,483 -57%
Franklin Resources
89
Franklin Resources
California
$243K +$230K +5,454 New
GD
90
Grandfield & Dodd
New York
$240K – – –
Millennium Management
91
Millennium Management
New York
$234K +$222K +5,256 New
MLICM
92
Metropolitan Life Insurance Company (MetLife)
New York
$220K +$10.8K +255 +5%
UBS AM
93
UBS AM
Illinois
$218K +$207K +4,904 New
NIM
94
Northeast Investment Management
Massachusetts
$208K -$20.6K -488 -9%
GW
95
GW & Wade
Massachusetts
$204K +$193K +4,580 New
Citadel Advisors
96
Citadel Advisors
Florida
$203K +$192K +4,548 New
QI
97
QS Investors
New York
$184K – – –
Fifth Third Bancorp
98
Fifth Third Bancorp
Ohio
$182K – – –
MA
99
MCF Advisors
Kentucky
$179K – – –
PC
100
Permit Capital
Pennsylvania
$167K – – –
2 3
4
5 6

BF.A Hedge Fund Activity: Q3 2017 in Review

126 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Brown-Forman Class A (BF.A) for Q3 2017, worth a combined $1.44B — up 41% from $1.02B a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new BF.A positions and 12 closed out — a net gain of 1 holder — while 33 added to existing stakes and 36 trimmed.

The largest buyer was Atlas Brown, adding an estimated $265M. The largest seller was Gardner Russo & Quinn, cutting an estimated $2.9M.

  • 126 institutional investors held Brown-Forman Class A (BF.A) as of Q3 2017, up from 125 in Q2 2017.
  • Funds reported $1.44B of Brown-Forman Class A stock for Q3 2017, up 41% quarter-over-quarter.
  • 13 funds opened new Brown-Forman Class A positions in Q3 2017 and 12 closed out, a net change of +1 holder.
  • The largest Brown-Forman Class A buyer in Q3 2017 was Atlas Brown, an estimated $265M added.
  • The largest Brown-Forman Class A seller in Q3 2017 was Gardner Russo & Quinn, an estimated $2.9M sold.

Based on aggregated 13F filings for Q3 2017.