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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
UBS Group
51
UBS Group
Switzerland
$33.1M +$8.53M +133,309 +37%
MG
52
Markel Group
Virginia
$31.7M
CS
53
Credit Suisse
Switzerland
$30.9M -$31.9M -498,697 -52%
California State Teachers Retirement System (CalSTRS)
54
California State Teachers Retirement System (CalSTRS)
California
$30.8M -$520K -8,127 -2%
Barclays
55
Barclays
United Kingdom
$30.7M -$11.8M -184,881 -29%
RhumbLine Advisers
56
RhumbLine Advisers
Massachusetts
$30.2M +$2.23M +34,854 +8%
N
57
Nuveen
North Carolina
$29.9M -$116K -1,805 -0.4%
National Pension Service
58
National Pension Service
South Korea
$29.4M +$859K +13,425 +3%
State of Wisconsin Investment Board
59
State of Wisconsin Investment Board
Wisconsin
$28.3M +$8.02M +125,382 +42%
Nomura Asset Management
60
Nomura Asset Management
Japan
$26.9M +$4.4M +68,769 +21%
Amundi
61
Amundi
France
$26.5M -$9.58M -149,745 -27%
Fidelity Investments
62
Fidelity Investments
Massachusetts
$26.2M +$1.85M +28,888 +8%
PE
63
Point72 Europe
United Kingdom
$26.1M +$16.8M +262,420 +204%
Bank of Montreal
64
Bank of Montreal
Ontario, Canada
$25.5M +$11.3M +176,492 +87%
GWI
65
Grace & White Inc
New York
$24.6M
Royal Bank of Canada
66
Royal Bank of Canada
Ontario, Canada
$24M -$3.69M -57,590 -14%
Canada Pension Plan Investment Board
67
Canada Pension Plan Investment Board
Ontario, Canada
$23.7M -$749K -11,700 -3%
Allspring Global Investments
68
Allspring Global Investments
North Carolina
$21.5M +$20M +312,172 +3,055%
Mitsubishi UFJ Asset Management
69
Mitsubishi UFJ Asset Management
Japan
$21.5M +$2.11M +33,009 +11%
Cerity Partners
70
Cerity Partners
New York
$21.4M +$20M +312,392 +3,757%
LIP
71
Lighthouse Investment Partners
Florida
$20.4M -$1.11M -17,402 -5%
FBCM
72
Fort Baker Capital Management
California
$19.8M +$13.6M +212,119 +250%
Aviva
73
Aviva
United Kingdom
$19.8M +$6.27M +97,907 +49%
LT
74
Lindsell Train
United Kingdom
$19.4M
AQR Capital Management
75
AQR Capital Management
Connecticut
$18.5M -$15.6M -243,701 -47%

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.