BRF SA
BRFS
BRFS was delisted on the 22nd of September, 2025.
78 hedge funds and large institutions have $187M invested in BRF SA in 2023 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 21 increasing their positions, 26 reducing their positions, and 9 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
67% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 9
12% more capital invested
Capital invested by funds: $166M → $187M (+$20.7M)
8% more funds holding
Funds holding: 72 → 78 (+6)
2.66% less ownership
Funds ownership: 8.08% → 5.42% (-2.7%)
19% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 26
76% less call options, than puts
Call options by funds: $48K | Put options by funds: $200K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIG
Herr Investment Group
Austin,
Texas
|
+$12.8M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$10.5M |
| 3 |
Ninety One (UK)
London,
United Kingdom
|
+$7.02M |
| 4 |
KI
Kapitalo Investimentos
Sao Paulo,
Brazil
|
+$5.93M |
| 5 |
Renaissance Technologies
New York
|
+$3.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Verition Fund Management
Greenwich,
Connecticut
|
-$8.76M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$7.17M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$4.32M |
| 4 |
RCW
Rheos Capital Works
Tokyo,
Japan
|
-$4M |
| 5 |
Two Sigma Investments
New York
|
-$3.56M |
BRFS Hedge Fund Activity: Q3 2023 in Review
78 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in BRF SA (BRFS) for Q3 2023, worth a combined $187M — up 12% from $166M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new BRFS positions and 9 closed out — a net gain of 6 holders — while 21 added to existing stakes and 26 trimmed.
The largest buyer was Herr Investment Group, opening a new position worth an estimated $12.8M. The largest seller was Verition Fund Management, exiting entirely with an estimated $8.76M sold.
- 78 institutional investors held BRF SA (BRFS) as of Q3 2023, up from 72 in Q2 2023.
- Funds reported $187M of BRF SA stock for Q3 2023, up 12% quarter-over-quarter.
- 15 funds opened new BRF SA positions in Q3 2023 and 9 closed out, a net change of +6 holders.
- The largest BRF SA buyer in Q3 2023 was Herr Investment Group, an estimated $12.8M added.
- The largest BRF SA seller in Q3 2023 was Verition Fund Management, an estimated $8.76M sold.
Based on aggregated 13F filings for Q3 2023.