Brown-Forman Class B
BF.B
578 hedge funds and large institutions have $5.35B invested in Brown-Forman Class B in 2026 Q1 according to their latest regulatory filings, with 74 funds opening new positions, 180 increasing their positions, 239 reducing their positions, and 120 closing their positions.
45% more call options, than puts
Call options by funds: $29.4M | Put options by funds: $20.3M
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
4.97% less ownership
Funds ownership: 74.67% → 69.71% (-5%)
9% less funds holding
Funds holding: 638 → 578 (-60)
17% less capital invested
Capital invested by funds: $6.43B → $5.35B (-$1.08B)
25% less repeat investments, than reductions
Existing positions increased: 180 | Existing positions reduced: 239
38% less first-time investments, than exits
New positions opened: 74 | Existing positions closed: 120
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RL
Ruffer LLP
London,
United Kingdom
|
+$73.4M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$71.2M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$65.1M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$59.8M |
| 5 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$48.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$346M |
| 2 |
Charles Schwab
San Francisco,
California
|
-$79.3M |
| 3 |
BlackRock
New York
|
-$65.7M |
| 4 |
D.E. Shaw & Co
New York
|
-$45.4M |
| 5 |
UBS AM
Chicago,
Illinois
|
-$42.7M |
BF.B Hedge Fund Activity: Q1 2026 in Review
578 of the 8,128 institutional investors tracked by Wall St. Rank reported a position in Brown-Forman Class B (BF.B) for Q1 2026, worth a combined $5.35B — down 17% from $6.43B a quarter earlier.
Sellers outnumbered buyers: 120 funds closed out of BF.B and 74 opened new positions — a net loss of 46 holders — while 239 trimmed existing stakes and 180 added.
The largest buyer was Ruffer LLP, opening a new position worth an estimated $73.4M. The largest seller was Fidelity Investments, cutting an estimated $346M.
- 578 institutional investors held Brown-Forman Class B (BF.B) as of Q1 2026, down from 638 in Q4 2025.
- Funds reported $5.35B of Brown-Forman Class B stock for Q1 2026, down 17% quarter-over-quarter.
- 74 funds opened new Brown-Forman Class B positions in Q1 2026 and 120 closed out, a net change of -46 holders.
- The largest Brown-Forman Class B buyer in Q1 2026 was Ruffer LLP, an estimated $73.4M added.
- The largest Brown-Forman Class B seller in Q1 2026 was Fidelity Investments, an estimated $346M sold.
Based on aggregated 13F filings for Q1 2026.