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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
Ameriprise
126
Ameriprise
Minnesota
$8.17M -$3.7M -57,859 -32%
SYBT
127
Stock Yards Bank & Trust
Kentucky
$7.99M -$90.9K -1,420 -1%
Commonwealth Equity Services
128
Commonwealth Equity Services
Massachusetts
$7.7M +$184K +2,877 +3%
LPL Financial
129
LPL Financial
California
$7.63M +$168K +2,624 +2%
TTWM
130
TCV Trust & Wealth Management
Virginia
$7.59M
WMSA
131
Weiss Multi-Strategy Advisers
New York
$7.34M +$1.01M +15,850 +17%
Zurich Cantonal Bank
132
Zurich Cantonal Bank
Switzerland
$7.23M +$2.28M +35,578 +49%
Susquehanna International Group
133
Susquehanna International Group
Pennsylvania
$7.22M -$28.9K -451 -0.4%
Chevy Chase Trust
134
Chevy Chase Trust
Maryland
$7.03M -$64.9K -1,014 -1%
PL
135
Parthenon LLC
Kentucky
$6.98M
D.E. Shaw & Co
136
D.E. Shaw & Co
New York
$6.95M -$1.66M -25,998 -20%
Korea Investment Corp
137
Korea Investment Corp
South Korea
$6.84M +$481K +7,516 +8%
RJA
138
Raymond James & Associates
Florida
$6.69M -$534K -8,351 -8%
APF
139
Alaska Permanent Fund
Alaska
$6.54M +$6.27M +98,006 New
HighTower Advisors
140
HighTower Advisors
Illinois
$6.5M -$2.19M -34,240 -26%
US Bancorp
141
US Bancorp
Minnesota
$6.49M -$183K -2,864 -3%
IMRF
142
Illinois Municipal Retirement Fund
Illinois
$6.48M +$748K +11,681 +14%
RG
143
Rathbones Group
United Kingdom
$6.46M -$149K -2,322 -2%
DnB Asset Management
144
DnB Asset Management
Norway
$6.45M +$2.32M +36,201 +60%
Nisa Investment Advisors
145
Nisa Investment Advisors
Missouri
$6.25M -$167K -2,602 -3%
PI
146
PGGM Investments
Netherlands
$6.21M -$227K -3,541 -4%
Stifel Financial
147
Stifel Financial
Missouri
$6.21M +$184K +2,872 +3%
MCM
148
Mattern Capital Management
Colorado
$6.07M +$252K +3,945 +5%
CIA
149
Covington Investment Advisors
Pennsylvania
$6.03M +$7.68K +120 +0.1%
GC
150
Guggenheim Capital
Illinois
$6.02M -$2.14M -33,432 -27%

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.