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.
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).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC new | 14,672,328 | $388M | 7.5% | 2026-Q1 |
| FMR LLC added | 12,577,525 | $335M | 6.5% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP added | 12,358,531 | $327M | 6.4% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 6,409,430 | $169M | 3.3% | 2026-Q1 |
| ProShare Advisors LLC added | 5,985,443 | $158M | 3.1% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 5,454,611 | $144M | 2.8% | 2026-Q1 |
| Black Creek Investment Management Inc. added | 5,258,106 | $139M | 2.7% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 4,728,421 | $125M | 2.4% | 2026-Q1 |
| MORGAN STANLEY trimmed | 3,973,450 | $105M | 2.0% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added | 3,492,779 | $92M | 1.8% | 2026-Q1 |
| UBS Group AG added | 3,036,202 | $80M | 1.6% | 2026-Q1 |
| Bank of New York Mellon Corp added | 2,930,556 | $77M | 1.5% | 2026-Q1 |
| Ruffer LLP new | 2,731,876 | $72M | 1.4% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 2,579,411 | $68M | 1.3% | 2026-Q1 |
| EQUITY INVESTMENT CORP trimmed | 2,423,972 | $64M | 1.2% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 2,045,650 | $55M | 1.1% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 1,979,209 | $53M | 1.0% | 2026-Q1 |
| Vest Financial, LLC added | 1,848,778 | $49M | 1.0% | 2026-Q1 |
| Caisse de depot et placement du Quebec new | 1,818,793 | $48M | 0.9% | 2026-Q1 |
| BlackRock, Inc. trimmed | 1,624,856 | $44M | 0.9% | 2026-Q2 |
| Grantham, Mayo, Van Otterloo & Co. LLC added | 1,666,644 | $44M | 0.9% | 2026-Q2 |
| J. Safra Sarasin Holding AG added | 1,588,648 | $42M | 0.8% | 2026-Q1 |
| ARGA Investment Management, LP new | 1,395,997 | $37M | 0.7% | 2026-Q1 |
| Lindsell Train Ltd trimmed | 1,379,324 | $37M | 0.7% | 2026-Q2 |
| NOMURA ASSET MANAGEMENT CO LTD added | 1,364,427 | $36M | 0.7% | 2026-Q1 |
| CONFLUENCE INVESTMENT MANAGEMENT LLC added | 1,237,621 | $33M | 0.6% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 1,214,645 | $32M | 0.6% | 2026-Q2 |
| FIL Ltd added | 1,136,000 | $30M | 0.6% | 2026-Q1 |
| OLD REPUBLIC INTERNATIONAL CORP added | 1,103,400 | $29M | 0.6% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 1,089,873 | $29M | 0.6% | 2026-Q2 |
| THOMPSON SIEGEL & WALMSLEY LLC trimmed | 1,059,645 | $28M | 0.5% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 1,041,815 | $28M | 0.5% | 2026-Q1 |
| EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC added | 977,232 | $26M | 0.5% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 909,566 | $24M | 0.5% | 2026-Q2 |
| GABELLI FUNDS LLC | 901,100 | $24M | 0.5% | 2026-Q1 |
| Markel Group Inc. | 843,000 | $23M | 0.4% | 2026-Q1 |
| Baird Financial Group, Inc. added | 835,597 | $22M | 0.4% | 2026-Q1 |
| GARDNER RUSSO & QUINN LLC trimmed | 659,694 | $17M | 0.3% | 2026-Q1 |
| Cerity Partners LLC added | 659,356 | $17M | 0.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 620,106 | $16M | 0.3% | 2026-Q1 |
| HRT FINANCIAL LP added | 573,596 | $15M | 0.3% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 572,458 | $15M | 0.3% | 2026-Q1 |
| AMIRAL GESTION added | 558,244 | $15M | 0.3% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 553,560 | $15M | 0.3% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 521,906 | $14M | 0.3% | 2026-Q1 |
| TUDOR INVESTMENT CORP ET AL added | 516,256 | $14M | 0.3% | 2026-Q2 |
| Glenview Trust Co trimmed | 503,960 | $13M | 0.3% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 473,512 | $13M | 0.2% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 469,081 | $12M | 0.2% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 444,546 | $12M | 0.2% | 2026-Q1 |
| STATE OF WISCONSIN INVESTMENT BOARD added | 441,045 | $12M | 0.2% | 2026-Q1 |
| RBO & CO LLC trimmed | 424,272 | $11M | 0.2% | 2026-Q1 |
| ExodusPoint Capital Management, LP added | 405,434 | $11M | 0.2% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 401,331 | $11M | 0.2% | 2026-Q1 |
| Mitsubishi UFJ Asset Management Co., Ltd. trimmed | 396,364 | $10M | 0.2% | 2026-Q1 |
| ICICI Prudential Asset Management Co Ltd added | 362,600 | $10M | 0.2% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 360,614 | $10M | 0.2% | 2026-Q1 |
| Swiss National Bank trimmed | 349,818 | $9M | 0.2% | 2026-Q1 |
| Kessler Investment Group, LLC trimmed | 316,886 | $8M | 0.2% | 2026-Q1 |
| Mariner, LLC added | 315,878 | $8M | 0.2% | 2026-Q1 |
| NORGES BANK added | 288,879 | $8M | 0.2% | 2026-Q2 |
| Quantinno Capital Management LP added | 298,742 | $8M | 0.2% | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC added | 295,743 | $8M | 0.2% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 292,829 | $8M | 0.2% | 2026-Q1 |
| Monaco Asset Management SAM added | 281,050 | $7M | 0.1% | 2026-Q1 |
| Holocene Advisors, LP added | 277,358 | $7M | 0.1% | 2026-Q1 |
| Moran Wealth Management, LLC added | 267,821 | $7M | 0.1% | 2026-Q1 |
| Morningstar Investment Management LLC trimmed | 266,577 | $7M | 0.1% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 259,708 | $7M | 0.1% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC added | 246,730 | $7M | 0.1% | 2026-Q1 |
| GUGGENHEIM CAPITAL LLC added | 237,371 | $6M | 0.1% | 2026-Q1 |
| HSBC HOLDINGS PLC trimmed | 226,833 | $6M | 0.1% | 2026-Q1 |
| STATE STREET CORP added | 206,800 | $6M | 0.1% | 2026-Q2 |
| YOUSIF CAPITAL MANAGEMENT, LLC added | 214,615 | $6M | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 213,816 | $6M | 0.1% | 2026-Q1 |
| Creative Planning added | 207,375 | $5M | 0.1% | 2026-Q1 |
| GATEWAY INVESTMENT ADVISERS LLC added | 203,836 | $5M | 0.1% | 2026-Q1 |
| BANYAN CAPITAL MANAGEMENT, INC. added | 196,284 | $5M | 0.1% | 2026-Q1 |
| BENJAMIN EDWARDS INC added | 182,276 | $5M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 30,295,444 | $789M | 15.4% | 2025-Q4 stale |
| Fundsmith LLP | 9,637,881 | $327M | 6.4% | 2025-Q1 stale |
| FUNDSMITH INVESTMENT SERVICES LTD. | 2,855,440 | $97M | 1.9% | 2025-Q1 stale |
| Champlain Investment Partners, LLC trimmed | 2,633,390 | $89M | 1.7% | 2025-Q1 stale |
| Madison Asset Management, LLC added | 1,886,816 | $64M | 1.2% | 2025-Q1 stale |
| Vontobel Holding Ltd. trimmed | 1,512,771 | $51M | 1.0% | 2025-Q1 stale |
| Alecta Tjanstepension Omsesidigt | 1,600,000 | $42M | 0.8% | 2025-Q4 stale |
| LONDON CO OF VIRGINIA trimmed | 1,181,778 | $31M | 0.6% | 2025-Q4 stale |
| LORD, ABBETT & CO. LLC new | 693,600 | $24M | 0.5% | 2025-Q1 stale |
| AEGON ASSET MANAGEMENT UK Plc new | 732,913 | $19M | 0.4% | 2025-Q4 stale |
| Ceredex Value Advisors LLC new | 520,627 | $14M | 0.3% | 2025-Q4 stale |
| LAZARD ASSET MANAGEMENT LLC added | 352,133 | $9M | 0.2% | 2025-Q4 stale |
| MATTERN CAPITAL MANAGEMENT, LLC added | 265,715 | $7M | 0.1% | 2025-Q4 stale |
| Squarepoint Ops LLC trimmed | 250,467 | $7M | 0.1% | 2025-Q3 stale |
| Janney Montgomery Scott LLC trimmed | 258,733 | $7M | 0.1% | 2025-Q4 stale |
| Sather Financial Group Inc trimmed | 248,407 | $6M | 0.1% | 2025-Q4 stale |
| Alyeska Investment Group, L.P. new | 225,000 | $6M | 0.1% | 2025-Q2 stale |
| Aquatic Capital Management LLC added | 226,682 | $6M | 0.1% | 2025-Q4 stale |
| PDT Partners, LLC new | 182,728 | $5M | 0.1% | 2025-Q3 stale |
| AVIVA PLC added | 189,259 | $5M | 0.1% | 2025-Q4 stale |
| RK Asset Management, LLC added | 185,768 | $5M | 0.1% | 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.
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.