Brown-Forman Class B
BF.B
640 hedge funds and large institutions have $5.31B invested in Brown-Forman Class B in 2025 Q2 according to their latest regulatory filings, with 96 funds opening new positions, 242 increasing their positions, 212 reducing their positions, and 92 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 242 | Existing positions reduced: 212
4% more first-time investments, than exits
New positions opened: 96 | Existing positions closed: 92
0% less funds holding
Funds holding: 643 → 640 (-3)
0.49% less ownership
Funds ownership: 65.35% → 64.86% (-0.49%)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
21% less capital invested
Capital invested by funds: $6.73B → $5.31B (-$1.43B)
47% less call options, than puts
Call options by funds: $29.9M | Put options by funds: $56.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$293M |
| 2 |
EIC
Equity Investment Corp
Atlanta,
Georgia
|
+$107M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$93.8M |
| 4 |
BCIM
Black Creek Investment Management
Toronto,
Ontario, Canada
|
+$77.2M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$40.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fundsmith LLP
London,
United Kingdom
|
-$327M |
| 2 |
VanEck Associates
New York
|
-$163M |
| 3 |
FIS
Fundsmith Investment Services
Grande Riviere Noire,
Mauritius
|
-$96.9M |
| 4 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
-$89.4M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$82.7M |
BF.B Hedge Fund Activity: Q2 2025 in Review
640 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Brown-Forman Class B (BF.B) for Q2 2025, worth a combined $5.31B — down 21% from $6.73B a quarter earlier.
Buyers outnumbered sellers: 96 funds opened new BF.B positions and 92 closed out — a net gain of 4 holders — while 242 added to existing stakes and 212 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $293M. The largest seller was Fundsmith LLP, exiting entirely with an estimated $327M sold.
- 640 institutional investors held Brown-Forman Class B (BF.B) as of Q2 2025, down from 643 in Q1 2025.
- Funds reported $5.31B of Brown-Forman Class B stock for Q2 2025, down 21% quarter-over-quarter.
- 96 funds opened new Brown-Forman Class B positions in Q2 2025 and 92 closed out, a net change of +4 holders.
- The largest Brown-Forman Class B buyer in Q2 2025 was Fidelity Investments, an estimated $293M added.
- The largest Brown-Forman Class B seller in Q2 2025 was Fundsmith LLP, an estimated $327M sold.
Based on aggregated 13F filings for Q2 2025.