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Brown-Forman Class B

507 hedge funds and large institutions have $6.18B invested in Brown-Forman Class B in 2018 Q4 according to their latest regulatory filings, with 54 funds opening new positions, 160 increasing their positions, 184 reducing their positions, and 57 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more funds holding in top 10

Funds holding in top 10: 411 (+7)

52% more call options, than puts

Call options by funds: $945K | Put options by funds: $623K

0.11% less ownership

Funds ownership: 42.76%42.65% (-0.11%)

1% less funds holding

Funds holding: 512507 (-5)

5% less first-time investments, than exits

New positions opened: 54 | Existing positions closed: 57

8% less capital invested

Capital invested by funds: $6.73B → $6.18B (-$549M)

13% less repeat investments, than reductions

Existing positions increased: 160 | Existing positions reduced: 184

Holders
507
Holders Change
-5
Holders Change %
-0.98%
% of All Funds
11.3%
Holding in Top 10
11
Holding in Top 10 Change
+7
Holding in Top 10 Change %
+175%
% of All Funds
0.25%
New
54
Increased
160
Reduced
184
Closed
57
Calls
$945K
Puts
$623K
Net Calls
+$322K
Net Calls Change
+$5.45M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$994M +$53.9M +1,134,477 +6%
BlackRock
2
BlackRock
New York
$743M -$20.2M -424,141 -3%
State Street
3
State Street
Massachusetts
$505M +$23.6M +495,743 +5%
Geode Capital Management
4
Geode Capital Management
Massachusetts
$128M +$2.73M +57,495 +2%
Northern Trust
5
Northern Trust
Illinois
$122M -$998K -20,994 -0.8%
Wells Fargo
6
Wells Fargo
California
$116M -$1.82M -38,245 -2%
GRQ
7
Gardner Russo & Quinn
Pennsylvania
$115M -$4.42M -92,962 -4%
BP
8
BBR Partners
New York
$109M +$39.3M +826,781 +57%
Janus Henderson Group
9
Janus Henderson Group
United Kingdom
$108M -$55M -1,157,164 -34%
Franklin Resources
10
Franklin Resources
California
$107M +$15.6M +328,481 +17%
BBHC
11
Brown Brothers Harriman & Co
New York
$103M +$103M +2,169,407 +107,931%
Goldman Sachs
12
Goldman Sachs
New York
$103M -$45.1M -948,834 -31%
Principal Financial Group
13
Principal Financial Group
Iowa
$103M +$9.75M +205,145 +10%
Norges Bank
14
Norges Bank
Norway
$81.9M -$21.7M -455,829 -21%
ProShare Advisors
15
ProShare Advisors
Maryland
$74.7M +$8.95M +188,324 +14%
P
16
Pitcairn
Pennsylvania
$74.5M -$3.61M -76,053 -5%
APG Asset Management
17
APG Asset Management
Netherlands
$71.2M -$7.85M -165,200 -9%
Legal & General Group
18
Legal & General Group
United Kingdom
$69.8M +$4.63M +97,531 +7%
CIP
19
Champlain Investment Partners
Vermont
$68.3M +$68.2M +1,436,165 New
HFS
20
HL Financial Services
Kentucky
$67.7M -$11.2M -236,473 -14%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$66.8M -$245K -5,160 -0.4%
Invesco
22
Invesco
Georgia
$63.3M -$32.8M -689,830 -34%
Dimensional Fund Advisors
23
Dimensional Fund Advisors
Texas
$58.4M +$6.91M +145,336 +13%
Citadel Advisors
24
Citadel Advisors
Florida
$58.3M +$9.25M +194,568 +19%
California Public Employees Retirement System
25
California Public Employees Retirement System
California
$57M +$11M +230,760 +24%

BF.B Hedge Fund Activity: Q4 2018 in Review

507 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Brown-Forman Class B (BF.B) for Q4 2018, worth a combined $6.18B — down 8.2% from $6.73B a quarter earlier.

Sellers outnumbered buyers: 57 funds closed out of BF.B and 54 opened new positions — a net loss of 3 holders — while 184 trimmed existing stakes and 160 added.

The largest buyer was Brown Brothers Harriman & Co, adding an estimated $103M. The largest seller was Millennium Management, cutting an estimated $61.9M.

  • 507 institutional investors held Brown-Forman Class B (BF.B) as of Q4 2018, down from 512 in Q3 2018.
  • Funds reported $6.18B of Brown-Forman Class B stock for Q4 2018, down 8.2% quarter-over-quarter.
  • 54 funds opened new Brown-Forman Class B positions in Q4 2018 and 57 closed out, a net change of -3 holders.
  • The largest Brown-Forman Class B buyer in Q4 2018 was Brown Brothers Harriman & Co, an estimated $103M added.
  • The largest Brown-Forman Class B seller in Q4 2018 was Millennium Management, an estimated $61.9M sold.

Based on aggregated 13F filings for Q4 2018.