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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
CIBC World Market
101
CIBC World Market
Ontario, Canada
$265K +$281K +10,072 New
KAS
102
KPP Advisory Services
Kentucky
$263K – – –
SCA
103
Sippican Capital Advisors
Massachusetts
$260K +$195 +7 +0.1%
JWCA
104
J.W. Cole Advisors
Florida
$226K +$9.43K +338 +4%
Wealth Enhancement Advisory Services
105
Wealth Enhancement Advisory Services
Minnesota
$217K +$2.73K +98 +1%
BBHC
106
Brown Brothers Harriman & Co
New York
$212K – – –
DWA
107
Douglass Winthrop Advisors
New York
$209K -$83.7K -3,000 -27%
MAS
108
Meeder Advisory Services
Ohio
$206K -$26.6K -952 -11%
KGC
109
Kennon-Green & Company
Ohio
$204K +$216K +7,754 New
Russell Investments Group
110
Russell Investments Group
United Kingdom
$201K +$58.3K +2,090 +38%
GI
111
GAMMA Investing
California
$199K +$31.8K +1,140 +18%
SG Americas Securities
112
SG Americas Securities
New York
$197K -$213K -7,628 -50%
PFSRSONJ
113
Police & Firemen's Retirement System of New Jersey
New Jersey
$194K – – –
Carson Wealth (CWM LLC)
114
Carson Wealth (CWM LLC)
Nebraska
$194K +$32.4K +1,161 +19%
Citigroup
115
Citigroup
New York
$190K +$57.9K +2,076 +40%
DekaBank Deutsche Girozentrale
116
DekaBank Deutsche Girozentrale
Germany
$169K – – –
IBOK
117
Independence Bank of Kentucky
Kentucky
$153K +$35.4K +1,269 +28%
C
118
Covestor
United Kingdom
$123K -$726 -26 -0.6%
CA
119
Crewe Advisors
Utah
$120K – – –
GT
120
Glenmede Trust
Pennsylvania
$110K +$117K +4,190 New
BCFD
121
Boit C.F. David
$109K – – –
Osaic Holdings
122
Osaic Holdings
Arizona
$104K -$48.9K -1,751 -31%
Arrowstreet Capital
123
Arrowstreet Capital
Massachusetts
$103K +$110K +3,931 New
FDCDDQ
124
Federation des caisses Desjardins du Quebec
Quebec, Canada
$102K +$100K +3,596 +1,271%
MCM
125
MAI Capital Management
Ohio
$88.7K – – –
3 4
5
6 7

BF.A Hedge Fund Activity: Q4 2025 in Review

203 of the 8,224 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.