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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
640
Holders Change
-3
Holders Change %
-0.47%
% of All Funds
8.43%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.05%
New
96
Increased
242
Reduced
212
Closed
92
Calls
$29.9M
Puts
$56.8M
Net Calls
-$26.8M
Net Calls Change
-$31.4M

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$293M
2
EIC
Equity Investment Corp
Georgia
+$107M
3
Citadel Advisors
Citadel Advisors
Florida
+$93.8M
4
BCIM
Black Creek Investment Management
Ontario, Canada
+$77.2M
5
Invesco
Invesco
Georgia
+$40.2M

Top Sellers

Rank Fund Capital Flow
1
Fundsmith LLP
Fundsmith LLP
United Kingdom
-$327M
2
VanEck Associates
VanEck Associates
New York
-$163M
3
FIS
Fundsmith Investment Services
Mauritius
-$96.9M
4
CIP
Champlain Investment Partners
Vermont
-$89.4M
5
Wellington Management Group
Wellington Management Group
Massachusetts
-$82.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
CSC
576
Caldwell Sutter Capital
California
$2.93K – – –
SWP
577
Strategic Wealth Partners
Ohio
$2.92K +$3.47K +108 New
FMII
578
Farmers & Merchants Investments Inc
Nebraska
$2.88K – – –
MCM
579
MV Capital Management
Maryland
$2.69K +$738 +23 +30%
BIA
580
Bell Investment Advisors
California
$2.45K – – –
LCM
581
Logan Capital Management
Pennsylvania
$2.42K – – –
PSFG
582
Park Square Financial Group
Georgia
$2.42K – – –
HIA
583
Harbor Investment Advisory
Maryland
$2.42K +$2.89K +90 New
TWD
584
True Wealth Design
Ohio
$2.4K +$899 +28 +46%
MCM
585
Manchester Capital Management
Vermont
$2.34K -$3.56K -111 -56%
CA
586
CoreCap Advisors
Michigan
$2.29K -$257 -8 -9%
S
587
Sachetta
Massachusetts
$2.21K -$931 -29 -26%
WTFG
588
Wood Tarver Financial Group
Idaho
$2K – – –
FNWA
589
Financial Network Wealth Advisors
Utah
$1.94K +$2.31K +72 New
WA
590
Whipplewood Advisors
Colorado
$1.86K +$770 +24 +53%
AA
591
Addison Advisors
Vermont
$1.67K +$1.99K +62 New
CIAS
592
CBIZ Investment Advisory Services
Ohio
$1.66K +$1.96K +61 New
SO
593
Sierra Ocean
California
$1.59K -$2.5K -78 -57%
MIM
594
MTM Investment Management
South Carolina
$1.58K +$1.89K +59 New
IRC
595
Investors Research Corp
Georgia
$1.53K – – –
SA
596
SRH Advisors
Kansas
$1.48K – – –
SVCP
597
Silicon Valley Capital Partners
California
$1.4K +$1.67K +52 New
RAM
598
Riggs Asset Management
Pennsylvania
$1.37K +$1.64K +51 New
BWL
599
Bogart Wealth LLC
Virginia
$1.35K -$481 -15 -23%
MSG
600
Main Street Group
Virginia
$1.35K – – –
22 23
24
25 26

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.