Who owns BHC (BHC)
Which tracked institutional funds hold BHC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BHC company fundamentals →
Ownership as of the 2026-Q1 13F filings. 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
24 tracked funds added or opened BHC while 66 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
BHC’s largest tracked holder by dollar value, PAULSON & CO. INC., sizes it at 12.7% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 12.7pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BHC 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 229 tracked filers holding BHC, 112 increased or opened the position and 98 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 BHC 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 6
- VANGUARD CAPITAL MANAGEMENT LLC$40M
- VANGUARD FIDUCIARY TRUST CO$12M
- Vanguard Global Advisers, LLC$4M
- VANGUARD ASSET MANAGEMENT, Ltd$1M
- LuminArx Capital Management LP$675K
- Thrivent Financial for Lutherans$576K
Full exits 11
- VANGUARD GROUP INC$51M
- OAKTREE CAPITAL MANAGEMENT LP$9M
- TWO SIGMA ADVISERS, LP$7M
- JANE STREET GROUP, LLC$5M
- MARSHALL WACE, LLP$4M
- Hillsdale Investment Management Inc.$4M
Largest adds
- Nuveen, LLC$18M
- GEODE CAPITAL MANAGEMENT, LLC$15M
- ACADIAN ASSET MANAGEMENT LLC$11M
- GENDELL JEFFREY L$7M
- Walleye Capital LLC$6M
- TORONTO DOMINION BANK$2M
Largest trims
- PAULSON & CO. INC.$114M
- GOLDENTREE ASSET MANAGEMENT LP$54M
- NATIONAL BANK OF CANADA /FI/$35M
- NORGES BANK$25M
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND$16M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$12M
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 |
|---|---|---|---|---|
| PAULSON & CO. INC. | 73,255,869 | $396M | 24.3% | 2026-Q1 |
| GOLDENTREE ASSET MANAGEMENT LP | 34,665,731 | $187M | 11.5% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 11,363,498 | $61M | 3.8% | 2026-Q1 |
| NOMURA HOLDINGS INC added | 8,986,372 | $49M | 3.0% | 2026-Q1 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND trimmed | 8,000,000 | $43M | 2.7% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 7,403,759 | $40M | 2.5% | 2026-Q1 |
| MFN Partners Management, LP | 6,000,000 | $32M | 2.0% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 4,228,871 | $31M | 1.9% | 2026-Q1 |
| Kohlberg Kravis Roberts & Co. L.P. | 5,235,000 | $28M | 1.7% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 5,207,966 | $28M | 1.7% | 2026-Q1 |
| Hudson Bay Capital Management LP | 5,000,000 | $27M | 1.7% | 2026-Q1 |
| ING GROEP NV | 5,000,000 | $27M | 1.7% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC added | 4,879,485 | $26M | 1.6% | 2026-Q1 |
| Nuveen, LLC added | 3,798,957 | $20M | 1.3% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 3,604,818 | $19M | 1.2% | 2026-Q1 |
| MACQUARIE GROUP LTD | 3,250,000 | $18M | 1.1% | 2026-Q1 |
| GENDELL JEFFREY L added | 2,969,840 | $16M | 1.0% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 2,221,165 | $12M | 0.7% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 2,209,567 | $12M | 0.7% | 2026-Q1 |
| PRIVATE MANAGEMENT GROUP INC trimmed | 1,703,511 | $9M | 0.6% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP trimmed | 1,578,161 | $9M | 0.5% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 1,575,772 | $9M | 0.5% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 1,350,262 | $7M | 0.4% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 1,195,217 | $6M | 0.4% | 2026-Q1 |
| Walleye Capital LLC added | 1,177,370 | $6M | 0.4% | 2026-Q1 |
| MORGAN STANLEY added | 1,153,426 | $6M | 0.4% | 2026-Q1 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main added | 1,113,755 | $6M | 0.4% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 1,110,726 | $6M | 0.4% | 2026-Q1 |
| UBS Group AG added | 1,041,848 | $6M | 0.3% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 929,431 | $5M | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 912,171 | $5M | 0.3% | 2026-Q1 |
| TD Asset Management Inc added | 893,616 | $5M | 0.3% | 2026-Q1 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 797,545 | $4M | 0.3% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 795,836 | $4M | 0.3% | 2026-Q1 |
| GAMCO INVESTORS, INC. ET AL trimmed | 748,743 | $4M | 0.2% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 683,997 | $4M | 0.2% | 2026-Q1 |
| Bridgewater Associates, LP added | 670,366 | $4M | 0.2% | 2026-Q1 |
| TORONTO DOMINION BANK added | 623,059 | $3M | 0.2% | 2026-Q1 |
| D. E. Shaw & Co., Inc. trimmed | 621,755 | $3M | 0.2% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 584,125 | $3M | 0.2% | 2026-Q1 |
| WHITEBOX ADVISORS LLC added | 564,672 | $3M | 0.2% | 2026-Q1 |
| Man Group plc trimmed | 527,655 | $3M | 0.2% | 2026-Q1 |
| Swiss National Bank | 514,160 | $3M | 0.2% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 491,168 | $3M | 0.2% | 2026-Q1 |
| Jump Financial, LLC trimmed | 461,432 | $2M | 0.2% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 436,755 | $2M | 0.1% | 2026-Q1 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO added | 429,208 | $2M | 0.1% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 453,807 | $2M | 0.1% | 2026-Q1 |
| Mitsubishi UFJ Trust & Banking Corp added | 394,224 | $2M | 0.1% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 383,717 | $2M | 0.1% | 2026-Q1 |
| Lido Advisors, LLC | 371,629 | $2M | 0.1% | 2026-Q1 |
| Legal & General Group Plc trimmed | 331,686 | $2M | 0.1% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP added | 320,391 | $2M | 0.1% | 2026-Q1 |
| CIBC Asset Management Inc added | 250,795 | $1M | 0.1% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP added | 238,036 | $1M | 0.1% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 236,978 | $1M | 0.1% | 2026-Q1 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp added | 225,137 | $1M | 0.1% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 223,247 | $1M | 0.1% | 2026-Q1 |
| RITHOLTZ WEALTH MANAGEMENT added | 222,459 | $1M | 0.1% | 2026-Q1 |
| Universal- Beteiligungs- und Servicegesellschaft mbH added | 217,305 | $1M | 0.1% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 210,898 | $1M | 0.1% | 2026-Q1 |
| CITIGROUP INC added | 210,877 | $1M | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 207,187 | $1M | 0.1% | 2026-Q1 |
| Invesco Ltd. added | 198,729 | $1M | 0.1% | 2026-Q1 |
| Range Financial Group LLC added | 193,925 | $1M | 0.1% | 2026-Q1 |
| PICTON MAHONEY ASSET MANAGEMENT added | 181,539 | $982K | 0.1% | 2026-Q1 |
| INTACT INVESTMENT MANAGEMENT INC. added | 175,100 | $946K | 0.1% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 157,050 | $849K | 0.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 149,262 | $806K | 0.0% | 2026-Q1 |
| Quadrature Capital Ltd trimmed | 147,314 | $794K | 0.0% | 2026-Q1 |
| BlackRock, Inc. added | 144,532 | $780K | 0.0% | 2026-Q1 |
| Squarepoint Ops LLC added | 138,418 | $747K | 0.0% | 2026-Q1 |
| FEDERATED HERMES, INC. added | 136,310 | $736K | 0.0% | 2026-Q1 |
| WINTON GROUP Ltd added | 131,178 | $708K | 0.0% | 2026-Q1 |
| CIBC WORLD MARKET INC. added | 129,806 | $701K | 0.0% | 2026-Q1 |
| ICAHN CARL C | 34,721,118 | $231M | 14.2% | 2025-Q2 stale |
| VANGUARD GROUP INC trimmed | 7,332,537 | $51M | 3.1% | 2025-Q4 stale |
| MUFG Securities EMEA plc | 3,400,000 | $22M | 1.3% | 2025-Q3 stale |
| Maple Rock Capital Partners Inc. trimmed | 2,133,887 | $14M | 0.8% | 2025-Q3 stale |
| OAKTREE CAPITAL MANAGEMENT LP | 1,270,000 | $9M | 0.5% | 2025-Q4 stale |
| TANG CAPITAL MANAGEMENT LLC added | 1,300,000 | $8M | 0.5% | 2025-Q3 stale |
| TWO SIGMA ADVISERS, LP added | 1,059,939 | $7M | 0.5% | 2025-Q4 stale |
| Laurion Capital Management LP trimmed | 903,901 | $6M | 0.4% | 2025-Q1 stale |
| JANE STREET GROUP, LLC added | 682,163 | $5M | 0.3% | 2025-Q4 stale |
| MARSHALL WACE, LLP trimmed | 604,481 | $4M | 0.3% | 2025-Q4 stale |
| Hillsdale Investment Management Inc. trimmed | 524,892 | $4M | 0.2% | 2025-Q4 stale |
| READYSTATE ASSET MANAGEMENT LP | 470,761 | $3M | 0.2% | 2025-Q2 stale |
| Third Point LLC added | 350,000 | $2M | 0.1% | 2025-Q4 stale |
| Fountainhead AM, LLC | 371,129 | $2M | 0.1% | 2025-Q3 stale |
| UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 317,268 | $2M | 0.1% | 2025-Q2 stale |
| Balyasny Asset Management L.P. added | 296,903 | $2M | 0.1% | 2025-Q4 stale |
| HighVista Strategies LLC added | 217,600 | $2M | 0.1% | 2025-Q1 stale |
| MARATHON ASSET MANAGEMENT LP | 250,000 | $2M | 0.1% | 2025-Q1 stale |
| Soviero Asset Management, LP new | 240,000 | $2M | 0.1% | 2025-Q4 stale |
| COMPASS ROSE ASSET MANAGEMENT, LP trimmed | 250,000 | $2M | 0.1% | 2025-Q3 stale |
| CastleKnight Management LP added | 183,400 | $1M | 0.1% | 2025-Q1 stale |
| Banco BTG Pactual S.A. new | 170,700 | $1M | 0.1% | 2025-Q4 stale |
| ExodusPoint Capital Management, LP trimmed | 142,000 | $946K | 0.1% | 2025-Q2 stale |
| Wealthquest Corp new | 8,905 | $891K | 0.1% | 2025-Q1 stale |
| Gruss & Co., LLC new | 120,000 | $799K | 0.0% | 2025-Q2 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.