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Institutional Ownership · SEC Form 13F

Who owns Brown-Forman (BF-B)


Which tracked institutional funds hold BF-B, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BF-B company fundamentals →

Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.

788
Institutional holders
217M
Shares held (tracked funds)
45.9%
Of shares outstanding

How the tape is positioned

123 tracked funds added or opened BF-B while 136 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.

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

BF-B’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes BF-B more heavily than its largest holder by dollar value does.

Book-share is each fund’s reported value in BF-B 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 2025-Q4 and 2026-Q1, across 608 tracked filers holding BF-B, 269 increased or opened the position and 383 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.

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 BF-B between the 2025-Q4 and 2026-Q1 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 31

  • VANGUARD CAPITAL MANAGEMENT LLC$426M
  • VANGUARD PORTFOLIO MANAGEMENT LLC$405M
  • Ruffer LLP$72M
  • Caisse de depot et placement du Quebec$48M
  • ARGA Investment Management, LP$37M
  • FIL Ltd$30M

Full exits 54

  • VANGUARD GROUP INC$877M
  • Alecta Tjanstepension Omsesidigt$42M
  • LONDON CO OF VIRGINIA$31M
  • AEGON ASSET MANAGEMENT UK Plc$19M
  • Ceredex Value Advisors LLC$14M
  • LAZARD ASSET MANAGEMENT LLC$9M

Largest adds

  • DIMENSIONAL FUND ADVISORS LP$75M
  • Invesco Ltd.$58M
  • CITADEL ADVISORS LLC$57M
  • Point72 Asset Management, L.P.$40M
  • GOLDMAN SACHS GROUP INC$40M
  • MASSACHUSETTS FINANCIAL SERVICES CO /MA/$31M

Largest trims

  • FMR LLC$333M
  • BlackRock, Inc.$215M
  • CHARLES SCHWAB INVESTMENT MANAGEMENT INC$77M
  • M&T Bank Corp$52M
  • D. E. Shaw & Co., Inc.$46M
  • UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC$40M

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).

FundSharesReported value% of valueQuarter
VANGUARD CAPITAL MANAGEMENT LLC new14,672,328$388M7.5%2026-Q1
FMR LLC added12,577,525$335M6.5%2026-Q2
VAN ECK ASSOCIATES CORP added12,358,531$327M6.4%2026-Q1
GOLDMAN SACHS GROUP INC added6,409,430$169M3.3%2026-Q1
ProShare Advisors LLC added5,985,443$158M3.1%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added5,454,611$144M2.8%2026-Q1
Black Creek Investment Management Inc. added5,258,106$139M2.7%2026-Q1
DIMENSIONAL FUND ADVISORS LP added4,728,421$125M2.4%2026-Q1
MORGAN STANLEY trimmed3,973,450$105M2.0%2026-Q1
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added3,492,779$92M1.8%2026-Q1
UBS Group AG added3,036,202$80M1.6%2026-Q1
Bank of New York Mellon Corp added2,930,556$77M1.5%2026-Q1
Ruffer LLP new2,731,876$72M1.4%2026-Q1
CITADEL ADVISORS LLC added2,579,411$68M1.3%2026-Q1
EQUITY INVESTMENT CORP trimmed2,423,972$64M1.2%2026-Q1
WELLINGTON MANAGEMENT GROUP LLP trimmed2,045,650$55M1.1%2026-Q2
VANGUARD PORTFOLIO MANAGEMENT LLC new1,979,209$53M1.0%2026-Q1
Vest Financial, LLC added1,848,778$49M1.0%2026-Q1
Caisse de depot et placement du Quebec new1,818,793$48M0.9%2026-Q1
BlackRock, Inc. trimmed1,624,856$44M0.9%2026-Q2
Grantham, Mayo, Van Otterloo & Co. LLC added1,666,644$44M0.9%2026-Q2
J. Safra Sarasin Holding AG added1,588,648$42M0.8%2026-Q1
ARGA Investment Management, LP new1,395,997$37M0.7%2026-Q1
Lindsell Train Ltd trimmed1,379,324$37M0.7%2026-Q2
NOMURA ASSET MANAGEMENT CO LTD added1,364,427$36M0.7%2026-Q1
CONFLUENCE INVESTMENT MANAGEMENT LLC added1,237,621$33M0.6%2026-Q1
MILLENNIUM MANAGEMENT LLC added1,214,645$32M0.6%2026-Q2
FIL Ltd added1,136,000$30M0.6%2026-Q1
OLD REPUBLIC INTERNATIONAL CORP added1,103,400$29M0.6%2026-Q1
Point72 Asset Management, L.P. trimmed1,089,873$29M0.6%2026-Q2
THOMPSON SIEGEL & WALMSLEY LLC trimmed1,059,645$28M0.5%2026-Q1
VANGUARD FIDUCIARY TRUST CO new1,041,815$28M0.5%2026-Q1
EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC added977,232$26M0.5%2026-Q1
D. E. Shaw & Co., Inc. added909,566$24M0.5%2026-Q2
GABELLI FUNDS LLC901,100$24M0.5%2026-Q1
Markel Group Inc.843,000$23M0.4%2026-Q1
Baird Financial Group, Inc. added835,597$22M0.4%2026-Q1
GARDNER RUSSO & QUINN LLC trimmed659,694$17M0.3%2026-Q1
Cerity Partners LLC added659,356$17M0.3%2026-Q1
ENVESTNET ASSET MANAGEMENT INC added620,106$16M0.3%2026-Q1
HRT FINANCIAL LP added573,596$15M0.3%2026-Q1
RAYMOND JAMES FINANCIAL INC added572,458$15M0.3%2026-Q1
AMIRAL GESTION added558,244$15M0.3%2026-Q1
FIRST TRUST ADVISORS LP added553,560$15M0.3%2026-Q1
PNC FINANCIAL SERVICES GROUP, INC. added521,906$14M0.3%2026-Q1
TUDOR INVESTMENT CORP ET AL added516,256$14M0.3%2026-Q2
Glenview Trust Co trimmed503,960$13M0.3%2026-Q1
ROYAL BANK OF CANADA trimmed473,512$13M0.2%2026-Q1
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added469,081$12M0.2%2026-Q1
RHUMBLINE ADVISERS added444,546$12M0.2%2026-Q1
STATE OF WISCONSIN INVESTMENT BOARD added441,045$12M0.2%2026-Q1
RBO & CO LLC trimmed424,272$11M0.2%2026-Q1
ExodusPoint Capital Management, LP added405,434$11M0.2%2026-Q2
STIFEL FINANCIAL CORP added401,331$11M0.2%2026-Q1
Mitsubishi UFJ Asset Management Co., Ltd. trimmed396,364$10M0.2%2026-Q1
ICICI Prudential Asset Management Co Ltd added362,600$10M0.2%2026-Q1
Vanguard Global Advisers, LLC new360,614$10M0.2%2026-Q1
Swiss National Bank trimmed349,818$9M0.2%2026-Q1
Kessler Investment Group, LLC trimmed316,886$8M0.2%2026-Q1
Mariner, LLC added315,878$8M0.2%2026-Q1
NORGES BANK added288,879$8M0.2%2026-Q2
Quantinno Capital Management LP added298,742$8M0.2%2026-Q1
VOLORIDGE INVESTMENT MANAGEMENT, LLC added295,743$8M0.2%2026-Q1
BANK OF MONTREAL /CAN/ trimmed292,829$8M0.2%2026-Q1
Monaco Asset Management SAM added281,050$7M0.1%2026-Q1
Holocene Advisors, LP added277,358$7M0.1%2026-Q1
Moran Wealth Management, LLC added267,821$7M0.1%2026-Q1
Morningstar Investment Management LLC trimmed266,577$7M0.1%2026-Q1
PRICE T ROWE ASSOCIATES INC /MD/ added259,708$7M0.1%2026-Q2
PRINCIPAL FINANCIAL GROUP INC added246,730$7M0.1%2026-Q1
GUGGENHEIM CAPITAL LLC added237,371$6M0.1%2026-Q1
HSBC HOLDINGS PLC trimmed226,833$6M0.1%2026-Q1
STATE STREET CORP added206,800$6M0.1%2026-Q2
YOUSIF CAPITAL MANAGEMENT, LLC added214,615$6M0.1%2026-Q1
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed213,816$6M0.1%2026-Q1
Creative Planning added207,375$5M0.1%2026-Q1
GATEWAY INVESTMENT ADVISERS LLC added203,836$5M0.1%2026-Q1
BANYAN CAPITAL MANAGEMENT, INC. added196,284$5M0.1%2026-Q1
BENJAMIN EDWARDS INC added182,276$5M0.1%2026-Q1
VANGUARD GROUP INC added30,295,444$789M15.4%2025-Q4 stale
Fundsmith LLP9,637,881$327M6.4%2025-Q1 stale
FUNDSMITH INVESTMENT SERVICES LTD.2,855,440$97M1.9%2025-Q1 stale
Champlain Investment Partners, LLC trimmed2,633,390$89M1.7%2025-Q1 stale
Madison Asset Management, LLC added1,886,816$64M1.2%2025-Q1 stale
Vontobel Holding Ltd. trimmed1,512,771$51M1.0%2025-Q1 stale
Alecta Tjanstepension Omsesidigt1,600,000$42M0.8%2025-Q4 stale
LONDON CO OF VIRGINIA trimmed1,181,778$31M0.6%2025-Q4 stale
LORD, ABBETT & CO. LLC new693,600$24M0.5%2025-Q1 stale
AEGON ASSET MANAGEMENT UK Plc new732,913$19M0.4%2025-Q4 stale
Ceredex Value Advisors LLC new520,627$14M0.3%2025-Q4 stale
LAZARD ASSET MANAGEMENT LLC added352,133$9M0.2%2025-Q4 stale
MATTERN CAPITAL MANAGEMENT, LLC added265,715$7M0.1%2025-Q4 stale
Squarepoint Ops LLC trimmed250,467$7M0.1%2025-Q3 stale
Janney Montgomery Scott LLC trimmed258,733$7M0.1%2025-Q4 stale
Sather Financial Group Inc trimmed248,407$6M0.1%2025-Q4 stale
Alyeska Investment Group, L.P. new225,000$6M0.1%2025-Q2 stale
Aquatic Capital Management LLC added226,682$6M0.1%2025-Q4 stale
PDT Partners, LLC new182,728$5M0.1%2025-Q3 stale
AVIVA PLC added189,259$5M0.1%2025-Q4 stale
RK Asset Management, LLC added185,768$5M0.1%2025-Q4 stale

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.

HoldersTotal shares

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.

Learn how to read institutional ownership