Who owns BHE (BHE)
Which tracked institutional funds hold BHE, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BHE 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
The tracked-fund tape on BHE is one-sided between 2025-Q4 and 2026-Q1: 120 added or opened and 20 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
BHE’s largest tracked holder by dollar value, BlackRock, 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 BHE more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in BHE 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 267 tracked filers holding BHE, 142 increased or opened the position and 122 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 BHE 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 27
- VANGUARD PORTFOLIO MANAGEMENT LLC$176M
- VANGUARD CAPITAL MANAGEMENT LLC$87M
- VANGUARD FIDUCIARY TRUST CO$13M
- SG Capital Management LLC$9M
- SEGALL BRYANT & HAMILL, LLC$5M
- Hillsdale Investment Management Inc.$5M
Full exits 10
- VANGUARD GROUP INC$198M
- Brandywine Global Investment Management, LLC$4M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$4M
- TWO SIGMA ADVISERS, LP$3M
- GAMCO INVESTORS, INC. ET AL$2M
- STATE OF WISCONSIN INVESTMENT BOARD$1M
Largest adds
- DIMENSIONAL FUND ADVISORS LP$32M
- FRANKLIN RESOURCES INC$30M
- AMERICAN CENTURY COMPANIES INC$26M
- EARNEST PARTNERS LLC$21M
- WELLINGTON MANAGEMENT GROUP LLP$19M
- STATE STREET CORP$18M
Largest trims
- Invesco Ltd.$23M
- BlackRock, Inc.$19M
- FIRST TRUST ADVISORS LP$11M
- MILLENNIUM MANAGEMENT LLC$3M
- KENNEDY CAPITAL MANAGEMENT LLC$1M
- QUADRANT CAPITAL GROUP LLC$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 |
|---|---|---|---|---|
| BlackRock, Inc. trimmed | 3,916,496 | $220M | 10.3% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 3,141,826 | $176M | 8.2% | 2026-Q1 |
| FRANKLIN RESOURCES INC trimmed | 2,760,676 | $155M | 7.2% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 2,494,575 | $140M | 6.5% | 2026-Q1 |
| EARNEST PARTNERS LLC trimmed | 1,703,558 | $96M | 4.5% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 1,559,148 | $87M | 4.1% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 1,490,098 | $84M | 3.9% | 2026-Q1 |
| STATE STREET CORP trimmed | 1,385,240 | $78M | 3.6% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 902,659 | $51M | 2.4% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP added | 768,991 | $43M | 2.0% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 647,015 | $36M | 1.7% | 2026-Q1 |
| FIRST TRUST ADVISORS LP trimmed | 616,547 | $35M | 1.6% | 2026-Q1 |
| MORGAN STANLEY added | 598,633 | $34M | 1.6% | 2026-Q1 |
| Boston Partners trimmed | 459,896 | $26M | 1.2% | 2026-Q1 |
| Qube Research & Technologies Ltd trimmed | 423,196 | $24M | 1.1% | 2026-Q1 |
| Allianz Asset Management GmbH added | 415,389 | $23M | 1.1% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 410,258 | $23M | 1.1% | 2026-Q1 |
| Tributary Capital Management, LLC trimmed | 397,464 | $22M | 1.0% | 2026-Q1 |
| NORTHERN TRUST CORP added | 384,441 | $22M | 1.0% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 367,455 | $21M | 1.0% | 2026-Q1 |
| FMR LLC added | 361,655 | $20M | 0.9% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 311,220 | $17M | 0.8% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 306,629 | $17M | 0.8% | 2026-Q1 |
| First Eagle Investment Management, LLC added | 296,569 | $17M | 0.8% | 2026-Q1 |
| Invesco Ltd. trimmed | 293,388 | $16M | 0.8% | 2026-Q1 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC trimmed | 276,657 | $16M | 0.7% | 2026-Q1 |
| KENNEDY CAPITAL MANAGEMENT LLC trimmed | 276,239 | $15M | 0.7% | 2026-Q1 |
| Aristotle Capital Boston, LLC trimmed | 265,417 | $15M | 0.7% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 272,739 | $15M | 0.7% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 242,352 | $14M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 229,144 | $13M | 0.6% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 224,887 | $13M | 0.6% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 207,365 | $12M | 0.5% | 2026-Q1 |
| OBERWEIS ASSET MANAGEMENT INC/ added | 201,900 | $11M | 0.5% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 198,222 | $11M | 0.5% | 2026-Q1 |
| Focus Partners Wealth added | 196,590 | $11M | 0.5% | 2026-Q1 |
| Empowered Funds, LLC added | 168,067 | $9M | 0.4% | 2026-Q1 |
| SG Capital Management LLC added | 160,917 | $9M | 0.4% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 154,308 | $9M | 0.4% | 2026-Q1 |
| TEACHER RETIREMENT SYSTEM OF TEXAS trimmed | 145,049 | $8M | 0.4% | 2026-Q1 |
| Nuveen, LLC added | 136,614 | $8M | 0.4% | 2026-Q1 |
| Public Sector Pension Investment Board added | 127,627 | $7M | 0.3% | 2026-Q1 |
| PEREGRINE CAPITAL MANAGEMENT LLC trimmed | 124,349 | $7M | 0.3% | 2026-Q1 |
| SEI INVESTMENTS CO added | 122,502 | $7M | 0.3% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 122,341 | $7M | 0.3% | 2026-Q1 |
| CSM Advisors, LLC trimmed | 120,435 | $7M | 0.3% | 2026-Q1 |
| UBS Group AG added | 116,851 | $7M | 0.3% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 110,682 | $6M | 0.3% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 108,095 | $6M | 0.3% | 2026-Q1 |
| NICOLA WEALTH MANAGEMENT LTD. trimmed | 101,600 | $6M | 0.3% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 100,771 | $6M | 0.3% | 2026-Q1 |
| HEARTLAND ADVISORS INC trimmed | 100,000 | $6M | 0.3% | 2026-Q1 |
| Man Group plc added | 96,146 | $5M | 0.3% | 2026-Q1 |
| SEGALL BRYANT & HAMILL, LLC added | 98,298 | $5M | 0.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 88,731 | $5M | 0.2% | 2026-Q1 |
| Hillsdale Investment Management Inc. new | 84,550 | $5M | 0.2% | 2026-Q1 |
| Creative Planning added | 83,410 | $5M | 0.2% | 2026-Q1 |
| Legal & General Group Plc trimmed | 83,359 | $5M | 0.2% | 2026-Q1 |
| MARTINGALE ASSET MANAGEMENT L P added | 83,157 | $5M | 0.2% | 2026-Q1 |
| INTECH INVESTMENT MANAGEMENT LLC added | 81,214 | $5M | 0.2% | 2026-Q1 |
| TUDOR INVESTMENT CORP ET AL added | 80,855 | $5M | 0.2% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 71,079 | $4M | 0.2% | 2026-Q1 |
| Swiss National Bank | 70,900 | $4M | 0.2% | 2026-Q1 |
| LAZARD ASSET MANAGEMENT LLC added | 69,139 | $4M | 0.2% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 66,822 | $4M | 0.2% | 2026-Q1 |
| BESSEMER GROUP INC trimmed | 65,516 | $4M | 0.2% | 2026-Q1 |
| Assenagon Asset Management S.A. trimmed | 63,240 | $4M | 0.2% | 2026-Q1 |
| PDT Partners, LLC added | 61,389 | $3M | 0.2% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 61,004 | $3M | 0.2% | 2026-Q1 |
| 4D Advisors, LLC new | 60,000 | $3M | 0.2% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 59,651 | $3M | 0.2% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 56,920 | $3M | 0.1% | 2026-Q1 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM trimmed | 56,721 | $3M | 0.1% | 2026-Q1 |
| Phocas Financial Corp. new | 56,108 | $3M | 0.1% | 2026-Q1 |
| HANTZ FINANCIAL SERVICES, INC. trimmed | 54,482 | $3M | 0.1% | 2026-Q1 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM trimmed | 53,652 | $3M | 0.1% | 2026-Q1 |
| Divisadero Street Capital Management, LP new | 53,047 | $3M | 0.1% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 52,763 | $3M | 0.1% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC trimmed | 52,283 | $3M | 0.1% | 2026-Q1 |
| BARCLAYS PLC trimmed | 50,725 | $3M | 0.1% | 2026-Q1 |
| WEDGE CAPITAL MANAGEMENT L L P/NC trimmed | 50,081 | $3M | 0.1% | 2026-Q1 |
| LEUTHOLD GROUP, LLC added | 50,065 | $3M | 0.1% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 48,866 | $3M | 0.1% | 2026-Q1 |
| Vest Financial, LLC trimmed | 45,125 | $3M | 0.1% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 42,907 | $2M | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 41,638 | $2M | 0.1% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 40,114 | $2M | 0.1% | 2026-Q1 |
| Jefferies Financial Group Inc. added | 38,582 | $2M | 0.1% | 2026-Q1 |
| NORGES BANK trimmed | 56,351 | $2M | 0.1% | 2026-Q1 |
| ROYCE & ASSOCIATES LP trimmed | 37,540 | $2M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 4,624,722 | $198M | 9.2% | 2025-Q4 stale |
| WASATCH ADVISORS LP trimmed | 881,608 | $34M | 1.6% | 2025-Q3 stale |
| Pacer Advisors, Inc. trimmed | 209,936 | $8M | 0.4% | 2025-Q2 stale |
| Kovitz Investment Group Partners, LLC added | 199,243 | $8M | 0.4% | 2025-Q3 stale |
| Foundry Partners, LLC trimmed | 144,970 | $6M | 0.3% | 2025-Q1 stale |
| Brandywine Global Investment Management, LLC trimmed | 94,130 | $4M | 0.2% | 2025-Q4 stale |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 84,078 | $4M | 0.2% | 2025-Q4 stale |
| RAYMOND JAMES FINANCIAL INC trimmed | 87,861 | $3M | 0.2% | 2025-Q3 stale |
| TWO SIGMA ADVISERS, LP added | 65,900 | $3M | 0.1% | 2025-Q4 stale |
| ALGERT GLOBAL LLC trimmed | 58,699 | $2M | 0.1% | 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.