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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
New York State Common Retirement Fund
76
New York State Common Retirement Fund
New York
$469K – – –
XT
77
XTX Topco
Cayman Islands
$468K +$505K +17,387 New
FBT
78
First Bankers Trust
Kentucky
$461K -$2.91K -100 -0.6%
HighTower Advisors
79
HighTower Advisors
Illinois
$456K +$3.08K +106 +0.6%
JP Morgan Chase
80
JP Morgan Chase
New York
$441K +$194K +6,661 +68%
BWP
81
Barlow Wealth Partners
Kentucky
$440K – – –
SG Americas Securities
82
SG Americas Securities
New York
$407K +$440K +15,129 New
BCWM
83
Bartlett & Co Wealth Management
Ohio
$397K – – –
Fidelity Investments
84
Fidelity Investments
Massachusetts
$393K +$82.3K +2,832 +24%
Ohio Public Employees Retirement System (OPERS)
85
Ohio Public Employees Retirement System (OPERS)
Ohio
$367K +$2.44K +84 +0.6%
TSS
86
Two Sigma Securities
New York
$365K +$395K +13,573 New
JFL
87
Jarislowsky, Fraser Ltd
Quebec, Canada
$355K – – –
Amundi
88
Amundi
France
$350K +$371K +12,775 New
FC
89
Farringdon Capital
United Kingdom
$345K +$373K +12,830 New
CI
90
Cherokee Insurance
Michigan
$323K – – –
First Trust Advisors
91
First Trust Advisors
Illinois
$320K +$346K +11,900 New
TVM
92
True Vision MN
Minnesota
$315K +$340K +11,697 New
Millennium Management
93
Millennium Management
New York
$313K +$338K +11,646 New
Victory Capital Management
94
Victory Capital Management
Texas
$311K -$4.94K -170 -1%
American Century Companies
95
American Century Companies
Missouri
$300K +$29.9K +1,027 +10%
AllianceBernstein
96
AllianceBernstein
Tennessee
$296K +$49.4K +1,699 +18%
DWA
97
Douglass Winthrop Advisors
New York
$295K -$118K -4,065 -27%
LPL Financial
98
LPL Financial
California
$281K -$11.7K -404 -4%
KAS
99
KPP Advisory Services
Kentucky
$269K +$116 +4 +0%
SCA
100
Sippican Capital Advisors
Massachusetts
$265K +$116 +4 +0%
2 3
4
5 6

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.