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Brown-Forman Class B

655 hedge funds and large institutions have $10.5B invested in Brown-Forman Class B in 2023 Q2 according to their latest regulatory filings, with 53 funds opening new positions, 224 increasing their positions, 229 reducing their positions, and 57 closing their positions.

New
Increased
Maintained
Reduced
Closed

178% more call options, than puts

Call options by funds: $1.6M | Put options by funds: $574K

7% more capital invested

Capital invested by funds: $9.83B → $10.5B (+$653M)

1.29% more ownership

Funds ownership: 49.4%50.69% (+1.3%)

1% less funds holding

Funds holding: 659655 (-4)

2% less repeat investments, than reductions

Existing positions increased: 224 | Existing positions reduced: 229

7% less first-time investments, than exits

New positions opened: 53 | Existing positions closed: 57

33% less funds holding in top 10

Funds holding in top 10: 64 (-2)

Holders
655
Holders Change
-4
Holders Change %
-0.61%
% of All Funds
10.28%
Holding in Top 10
4
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-33.33%
% of All Funds
0.06%
New
53
Increased
224
Reduced
229
Closed
57
Calls
$1.6M
Puts
$574K
Net Calls
+$1.02M
Net Calls Change
+$1.54M
Name Holding Trade Value Shares
Change
Change in
Stake
Swiss National Bank
26
Swiss National Bank
Switzerland
$74.8M -$7.08M -110,600 -9%
Wellington Management Group
27
Wellington Management Group
Massachusetts
$71.6M +$61.9M +966,847 +924%
DWA
28
Douglass Winthrop Advisors
New York
$69.9M +$223K +3,477 +0.3%
PNC Financial Services Group
29
PNC Financial Services Group
Pennsylvania
$68.9M -$80.1K -1,252 -0.1%
APG Asset Management
30
APG Asset Management
Netherlands
$67.6M -$1.12M -17,475 -2%
CCM
31
Candlestick Capital Management
Connecticut
$65.1M -$25.6M -400,000 -29%
GRQ
32
Gardner Russo & Quinn
Pennsylvania
$64.6M -$1.58M -24,696 -2%
Point72 Asset Management
33
Point72 Asset Management
Connecticut
$58.8M +$10.2M +159,856 +22%
Bessemer Group
34
Bessemer Group
New Jersey
$57.3M +$32.4K +507 +0.1%
Baird Financial Group
35
Baird Financial Group
Wisconsin
$52.4M +$28M +437,368 +126%
Bank of America
36
Bank of America
North Carolina
$51.1M -$20M -311,736 -29%
Kayne Anderson Rudnick Investment Management
37
Kayne Anderson Rudnick Investment Management
California
$49.6M -$661K -10,330 -1%
Jane Street
38
Jane Street
New York
$49.5M +$43.8M +683,735 +1,178%
Sumitomo Mitsui Trust Group
39
Sumitomo Mitsui Trust Group
Japan
$47.1M -$12.4M -193,172 -22%
BA
40
Bridgewater Associates
Connecticut
$43.2M -$3.56M -55,610 -8%
First Trust Advisors
41
First Trust Advisors
Illinois
$41.3M -$172M -2,680,351 -81%
TIA
42
Tandem Investment Advisors
South Carolina
$40.6M +$2.36M +36,932 +6%
PAMS
43
Pictet Asset Management (Switzerland)
Switzerland
$38.4M +$14.7M +229,123 +66%
GT
44
Glenview Trust
Kentucky
$37.6M
KBC Group
45
KBC Group
Belgium
$36.8M +$16M +250,734 +84%
T. Rowe Price Associates
46
T. Rowe Price Associates
Maryland
$36M -$499K -7,795 -1%
HSBC Holdings
47
HSBC Holdings
United Kingdom
$35.9M +$2.61M +40,738 +8%
New York State Common Retirement Fund
48
New York State Common Retirement Fund
New York
$34.6M +$6.42M +100,274 +24%
Principal Financial Group
49
Principal Financial Group
Iowa
$34.6M -$1.06M -16,531 -3%
Deutsche Bank
50
Deutsche Bank
Germany
$33.9M -$684K -10,684 -2%

BF.B Hedge Fund Activity: Q2 2023 in Review

655 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in Brown-Forman Class B (BF.B) for Q2 2023, worth a combined $10.5B — up 6.6% from $9.83B a quarter earlier.

Sellers outnumbered buyers: 57 funds closed out of BF.B and 53 opened new positions — a net loss of 4 holders — while 229 trimmed existing stakes and 224 added.

The largest buyer was Vanguard Group, adding an estimated $300M. The largest seller was First Trust Advisors, cutting an estimated $172M.

  • 655 institutional investors held Brown-Forman Class B (BF.B) as of Q2 2023, down from 659 in Q1 2023.
  • Funds reported $10.5B of Brown-Forman Class B stock for Q2 2023, up 6.6% quarter-over-quarter.
  • 53 funds opened new Brown-Forman Class B positions in Q2 2023 and 57 closed out, a net change of -4 holders.
  • The largest Brown-Forman Class B buyer in Q2 2023 was Vanguard Group, an estimated $300M added.
  • The largest Brown-Forman Class B seller in Q2 2023 was First Trust Advisors, an estimated $172M sold.

Based on aggregated 13F filings for Q2 2023.