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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
Brown Advisory
76
Brown Advisory
Maryland
$18.5M -$360K -5,628 -2%
MAM
77
Madison Asset Management
Wisconsin
$18.4M -$3.65K -57 -0%
Citigroup
78
Citigroup
New York
$17.9M +$1.14M +17,790 +7%
BIAS
79
Beacon Investment Advisory Services
New Jersey
$17.4M -$646K -10,101 -4%
Canada Life
80
Canada Life
Manitoba, Canada
$16.6M -$801K -12,520 -5%
State Board of Administration of Florida Retirement System
81
State Board of Administration of Florida Retirement System
Florida
$16.4M -$550K -8,595 -3%
AllianceBernstein
82
AllianceBernstein
Tennessee
$16.1M -$343K -5,354 -2%
Caisse de Depot et Placement du Quebec (CDPQ)
83
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$15.9M -$2.3M -35,938 -13%
GGS
84
Galvin Gaustad & Stein
Arizona
$15.6M -$289K -4,521 -2%
GH
85
GAM Holding
Switzerland
$15.5M -$109K -1,700 -0.7%
AWM
86
Absher Wealth Management
North Carolina
$15.3M +$163K +2,543 +1%
BNP Paribas Financial Markets
87
BNP Paribas Financial Markets
France
$14.7M -$1.34M -21,008 -9%
National Bank of Canada
88
National Bank of Canada
Quebec, Canada
$14.6M +$12.4M +193,771 +807%
Assenagon Asset Management
89
Assenagon Asset Management
Luxembourg
$14.2M +$2.37M +37,058 +21%
RC
90
RBO & Co
California
$14.2M -$7.23K -113 -0.1%
Mitsubishi UFJ Trust & Banking
91
Mitsubishi UFJ Trust & Banking
Japan
$14.2M -$4.24M -66,213 -24%
TD Asset Management
92
TD Asset Management
Ontario, Canada
$13.9M +$1.48M +23,124 +13%
SFG
93
Sather Financial Group
Texas
$13.7M +$453K +7,078 +4%
Victory Capital Management
94
Victory Capital Management
Texas
$13.7M -$781K -12,203 -6%
ECM
95
ExodusPoint Capital Management
New York
$13.3M -$12.2M -190,630 -49%
Renaissance Technologies
96
Renaissance Technologies
New York
$13.2M +$7.19M +112,353 +132%
New York State Teachers Retirement System (NYSTRS)
97
New York State Teachers Retirement System (NYSTRS)
New York
$13M -$182K -2,836 -1%
Janney Montgomery Scott
98
Janney Montgomery Scott
Pennsylvania
$12.7M +$235K +3,677 +2%
VF
99
Vest Financial
Virginia
$12.4M +$2.39M +37,340 +25%
Adage Capital Partners
100
Adage Capital Partners
Massachusetts
$12.2M -$57.6K -900 -0.5%

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.