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Brown-Forman Class B

638 hedge funds and large institutions have $6.43B invested in Brown-Forman Class B in 2025 Q4 according to their latest regulatory filings, with 95 funds opening new positions, 203 increasing their positions, 249 reducing their positions, and 74 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 34 (+1)

28% more first-time investments, than exits

New positions opened: 95 | Existing positions closed: 74

6% more capital invested

Capital invested by funds: $6.06B → $6.43B (+$378M)

3.68% more ownership

Funds ownership: 70.99%74.67% (+3.7%)

2% more funds holding

Funds holding: 626638 (+12)

18% less repeat investments, than reductions

Existing positions increased: 203 | Existing positions reduced: 249

19% less call options, than puts

Call options by funds: $29.7M | Put options by funds: $36.5M

Holders
638
Holders Change
+12
Holders Change %
+1.92%
% of All Funds
7.76%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.05%
New
95
Increased
203
Reduced
249
Closed
74
Calls
$29.7M
Puts
$36.5M
Net Calls
-$6.85M
Net Calls Change
-$12M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$789M -$11.1M -394,813 -1%
JSC
2
J. Stern & Co
United Kingdom
$716M +$19.6M +697,312 +3,833%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$669M +$81.6M +2,899,910 +13%
BlackRock
4
BlackRock
New York
$378M -$2.61M -92,618 -0.6%
VanEck Associates
5
VanEck Associates
New York
$305M +$157M +5,589,730 +92%
State Street
6
State Street
Massachusetts
$296M -$8.1M -287,835 -2%
Invesco
7
Invesco
Georgia
$171M -$14.2M -504,266 -7%
ProShare Advisors
8
ProShare Advisors
Maryland
$148M +$7.52M +267,219 +5%
Morgan Stanley
9
Morgan Stanley
New York
$141M -$14.9M -528,002 -9%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$140M -$2.82M -100,094 -2%
BCIM
11
Black Creek Investment Management
Ontario, Canada
$133M +$14.5M +514,310 +11%
Charles Schwab
12
Charles Schwab
California
$132M +$5.92M +210,477 +4%
Goldman Sachs
13
Goldman Sachs
New York
$131M +$62.3M +2,215,081 +79%
UBS Group
14
UBS Group
Switzerland
$116M +$26.8M +953,296 +27%
D.E. Shaw & Co
15
D.E. Shaw & Co
New York
$83.5M +$15.9M +566,268 +21%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$77.3M +$27.7M +984,393 +50%
Bank of America
17
Bank of America
North Carolina
$75.1M -$99.1M -3,522,647 -55%
EIC
18
Equity Investment Corp
Georgia
$72.6M -$17.6M -626,942 -18%
Wells Fargo
19
Wells Fargo
California
$67.2M -$12M -426,585 -14%
Wellington Management Group
20
Wellington Management Group
Massachusetts
$66M +$97.1K +3,450 +0.1%
Massachusetts Financial Services
21
Massachusetts Financial Services
Massachusetts
$61M -$2.81M -99,927 -4%
UBS AM
22
UBS AM
Illinois
$59.4M -$712K -25,316 -1%
Dimensional Fund Advisors
23
Dimensional Fund Advisors
Texas
$54.1M +$6.04M +214,688 +12%
Northern Trust
24
Northern Trust
Illinois
$53M -$858K -30,500 -1%
Citigroup
25
Citigroup
New York
$46.5M +$3.54M +125,804 +8%

BF.B Hedge Fund Activity: Q4 2025 in Review

638 of the 8,225 institutional investors tracked by Wall St. Rank reported a position in Brown-Forman Class B (BF.B) for Q4 2025, worth a combined $6.43B — up 6.2% from $6.06B a quarter earlier.

Buyers outnumbered sellers: 95 funds opened new BF.B positions and 74 closed out — a net gain of 21 holders — while 203 added to existing stakes and 249 trimmed.

The largest buyer was VanEck Associates, adding an estimated $157M. The largest seller was Bank of America, cutting an estimated $99.1M.

  • 638 institutional investors held Brown-Forman Class B (BF.B) as of Q4 2025, up from 626 in Q3 2025.
  • Funds reported $6.43B of Brown-Forman Class B stock for Q4 2025, up 6.2% quarter-over-quarter.
  • 95 funds opened new Brown-Forman Class B positions in Q4 2025 and 74 closed out, a net change of +21 holders.
  • The largest Brown-Forman Class B buyer in Q4 2025 was VanEck Associates, an estimated $157M added.
  • The largest Brown-Forman Class B seller in Q4 2025 was Bank of America, an estimated $99.1M sold.

Based on aggregated 13F filings for Q4 2025.