Brown-Forman Class B
BF.B
646 hedge funds and large institutions have $5.72B invested in Brown-Forman Class B in 2025 Q4 according to their latest regulatory filings, with 96 funds opening new positions, 204 increasing their positions, 252 reducing their positions, and 74 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
30% more first-time investments, than exits
New positions opened: 96 | Existing positions closed: 74
16% more capital inflows, than outflows
Capital inflows: $616M | Capital outflows: $533M
3.12% more ownership
Funds ownership: 71.55% → 74.67% (+3.1%)
2% more funds holding
Funds holding: 633 → 646 (+13)
19% less call options, than puts
Call options by funds: $29.7M | Put options by funds: $36.5M
19% less repeat investments, than reductions
Existing positions increased: 204 | Existing positions reduced: 252
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$157M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$81.6M |
| 3 |
Goldman Sachs
New York
|
+$62.3M |
| 4 |
Bank of New York Mellon
New York
|
+$27.7M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$26.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$99.1M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$38.3M |
| 3 |
Rakuten Investment Management
Tokyo,
Japan
|
-$19.6M |
| 4 |
Legal & General Group
London,
United Kingdom
|
-$17.8M |
| 5 |
Equity Investment Corp
Atlanta,
Georgia
|
-$17.6M |
BF.B Hedge Fund Activity: Q4 2025 in Review
646 of the 8,307 institutional investors tracked by Wall St. Rank reported a position in Brown-Forman Class B (BF.B) for Q4 2025, worth a combined $5.72B — down 6.3% from $6.1B a quarter earlier.
Buyers outnumbered sellers: 96 funds opened new BF.B positions and 74 closed out — a net gain of 22 holders — while 204 added to existing stakes and 252 trimmed.
The largest buyer was VanEck Associates, adding an estimated $157M. The largest seller was Bank of America, cutting an estimated $99.1M.
- 646 institutional investors held Brown-Forman Class B (BF.B) as of Q4 2025, up from 633 in Q3 2025.
- Funds reported $5.72B of Brown-Forman Class B stock for Q4 2025, down 6.3% quarter-over-quarter.
- 96 funds opened new Brown-Forman Class B positions in Q4 2025 and 74 closed out, a net change of +22 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.