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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
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.8B +$300M +4,681,105 +21%
BlackRock
2
BlackRock
New York
$1.03B +$5.81M +90,772 +0.6%
Fundsmith LLP
3
Fundsmith LLP
United Kingdom
$814M -$2.21M -34,531 -0.3%
State Street
4
State Street
Massachusetts
$714M +$6.03M +94,210 +0.9%
FIS
5
Fundsmith Investment Services
Mauritius
$268M
Geode Capital Management
6
Geode Capital Management
Massachusetts
$264M -$17.8M -277,921 -7%
Invesco
7
Invesco
Georgia
$235M +$2.26M +35,340 +1%
ProShare Advisors
8
ProShare Advisors
Maryland
$180M +$8.41M +131,474 +5%
Wells Fargo
9
Wells Fargo
California
$168M +$6.3M +98,375 +4%
Morgan Stanley
10
Morgan Stanley
New York
$166M -$8.32M -130,065 -5%
CIP
11
Champlain Investment Partners
Vermont
$158M +$151M +2,364,465 New
Franklin Resources
12
Franklin Resources
California
$146M -$1.7M -26,497 -1%
Northern Trust
13
Northern Trust
Illinois
$140M -$10.9M -170,076 -7%
Norges Bank
14
Norges Bank
Norway
$136M +$2.78M +43,374 +2%
Macquarie Group
15
Macquarie Group
Australia
$130M +$2.28M +35,630 +2%
Legal & General Group
16
Legal & General Group
United Kingdom
$128M +$3.03M +47,337 +3%
Los Angeles Capital Management
17
Los Angeles Capital Management
California
$109M -$22M -343,092 -17%
Goldman Sachs
18
Goldman Sachs
New York
$101M -$2.5M -39,058 -3%
Bank of New York Mellon
19
Bank of New York Mellon
New York
$96.2M -$5.8M -90,674 -6%
LCOV
20
London Company of Virginia
Virginia
$91.3M -$5.87M -91,693 -6%
JP Morgan Chase
21
JP Morgan Chase
New York
$85.6M +$36.6M +571,774 +81%
Dimensional Fund Advisors
22
Dimensional Fund Advisors
Texas
$77.5M -$339K -5,298 -0.5%
Charles Schwab
23
Charles Schwab
California
$77.1M +$212K +3,316 +0.3%
Janus Henderson Group
24
Janus Henderson Group
United Kingdom
$74.8M +$10.1M +157,610 +16%
UBS AM
25
UBS AM
Illinois
$74.8M

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.