Who owns BAFE
Which tracked institutional funds hold BAFE, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BAFE company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-14). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on BAFE is one-sided between 2026-Q1 and 2026-Q2: 7 added or opened and 2 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
BAFE’s largest tracked holder by dollar value, BROWN ADVISORY INC, sizes it at 2.5% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 2.5pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BAFE divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 13 tracked filers holding BAFE, 6 increased or opened the position and 8 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in BAFE between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 4
- TWO SIGMA INVESTMENTS, LP$2M
- BRIGHTON JONES LLC$920K
- NEUBERGER BERMAN GROUP LLC$920K
- CITADEL ADVISORS LLC$788K
Largest adds
- BROWN ADVISORY INC$198M
- Quantinno Capital Management LP$28M
- HB Wealth Management, LLC$416K
Largest trims
- JANE STREET GROUP, LLC$2M
- GOLDMAN SACHS GROUP INC$1M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BROWN ADVISORY INC trimmed | 55,553,093 | $1.6B | 97.4% | 2026-Q2 |
| Quantinno Capital Management LP added | 1,064,425 | $31M | 1.9% | 2026-Q2 |
| HB Wealth Management, LLC trimmed | 128,547 | $4M | 0.2% | 2026-Q2 |
| TRED AVON FAMILY WEALTH, LLC trimmed | 70,745 | $2M | 0.1% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP new | 54,700 | $2M | 0.1% | 2026-Q2 |
| BRIGHTON JONES LLC new | 31,535 | $920K | 0.1% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC new | 31,535 | $920K | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 27,034 | $788K | 0.0% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 25,649 | $748K | 0.0% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 9,734 | $284K | 0.0% | 2026-Q2 |
| CITIGROUP INC new | 1,775 | $52K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 1,523 | $44K | 0.0% | 2026-Q2 |
| Avalon Trust Co | 1,505 | $44K | 0.0% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 7,868 | $193K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| UBS Group AG added | 3,519 | $89K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| TRUIST FINANCIAL CORP | 8,339 | $220K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| MORGAN STANLEY new | 348 | $9K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.