Who owns BRW (BRW)
Which tracked institutional funds hold BRW, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BRW 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
9 tracked funds added or opened BRW while 14 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
BRW’s largest tracked holder by dollar value, Focus Partners Wealth, 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 conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BRW 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 93 tracked filers holding BRW, 45 increased or opened the position and 51 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 BRW 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 2
- TORONTO DOMINION BANK$15M
- RPO LLC$637K
Full exits 4
- SEVEN MILE ADVISORY$6M
- J.W. COLE ADVISORS, INC.$2M
- Shaker Financial Services, LLC$1M
- JANE STREET GROUP, LLC$1M
Largest adds
- ABSOLUTE INVESTMENT ADVISERS, LLC$2M
- ENVESTNET ASSET MANAGEMENT INC$2M
- Quarry LP$1M
- Penserra Capital Management LLC$769K
- LANDSCAPE CAPITAL MANAGEMENT, L.L.C.$449K
- Invesco Ltd.$318K
Largest trims
- Thomas J. Herzfeld Advisors, Inc.$3M
- NewEdge Advisors, LLC$1M
- Focus Partners Wealth$1M
- Noble Wealth Management PBC$873K
- RIVERNORTH CAPITAL MANAGEMENT, LLC$633K
- North Ground Capital$507K
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 |
|---|---|---|---|---|
| Focus Partners Wealth trimmed | 2,960,544 | $20M | 11.1% | 2026-Q1 |
| TORONTO DOMINION BANK new | 2,278,240 | $15M | 8.5% | 2026-Q1 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC trimmed | 2,003,606 | $14M | 7.5% | 2026-Q1 |
| Penserra Capital Management LLC added | 1,454,841 | $10M | 5.4% | 2026-Q1 |
| Thomas J. Herzfeld Advisors, Inc. trimmed | 1,417,189 | $10M | 5.3% | 2026-Q1 |
| ABSOLUTE INVESTMENT ADVISERS, LLC added | 995,965 | $7M | 3.7% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 885,794 | $6M | 3.3% | 2026-Q1 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC added | 802,010 | $5M | 3.0% | 2026-Q1 |
| Invesco Ltd. added | 792,899 | $5M | 3.0% | 2026-Q1 |
| CSS LLC/IL trimmed | 708,242 | $5M | 2.7% | 2026-Q1 |
| MORGAN STANLEY trimmed | 642,177 | $4M | 2.4% | 2026-Q1 |
| UBS Group AG added | 475,890 | $3M | 1.8% | 2026-Q1 |
| LPL Financial LLC added | 475,359 | $3M | 1.8% | 2026-Q1 |
| Quarry LP added | 458,877 | $3M | 1.7% | 2026-Q1 |
| FLAX POND CAPITAL, LLC added | 405,786 | $3M | 1.5% | 2026-Q1 |
| Advisors Asset Management, Inc. trimmed | 298,824 | $2M | 1.1% | 2026-Q1 |
| Ethos Financial Group, LLC | 266,401 | $2M | 1.0% | 2026-Q1 |
| Adalta Capital Management LLC added | 240,672 | $2M | 0.9% | 2026-Q1 |
| SCOTIA CAPITAL INC. added | 217,374 | $1M | 0.8% | 2026-Q1 |
| Modern Wealth Management, LLC added | 201,277 | $1M | 0.8% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 198,986 | $1M | 0.7% | 2026-Q1 |
| Baird Financial Group, Inc. trimmed | 184,113 | $1M | 0.7% | 2026-Q1 |
| PARK AVENUE SECURITIES LLC added | 178,692 | $1M | 0.7% | 2026-Q1 |
| SVRN Asset Management, LLC added | 178,495 | $1M | 0.7% | 2026-Q1 |
| Marks Group Wealth Management, Inc trimmed | 172,790 | $1M | 0.6% | 2026-Q1 |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. added | 158,763 | $1M | 0.6% | 2026-Q1 |
| Logan Stone Capital, LLC trimmed | 153,367 | $1M | 0.6% | 2026-Q1 |
| Chicago Partners Investment Group LLC trimmed | 129,110 | $886K | 0.5% | 2026-Q1 |
| Yakira Capital Management, Inc. trimmed | 127,896 | $862K | 0.5% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 113,141 | $763K | 0.4% | 2026-Q1 |
| RPO LLC new | 94,567 | $637K | 0.4% | 2026-Q1 |
| North Ground Capital trimmed | 94,432 | $636K | 0.4% | 2026-Q1 |
| CHOREO, LLC trimmed | 94,181 | $635K | 0.4% | 2026-Q1 |
| Next Capital Management LLC | 88,927 | $599K | 0.3% | 2026-Q1 |
| PEAK FINANCIAL ADVISORS LLC added | 87,938 | $593K | 0.3% | 2026-Q1 |
| COHEN & STEERS, INC. trimmed | 80,000 | $539K | 0.3% | 2026-Q1 |
| IHT Wealth Management, LLC added | 75,993 | $512K | 0.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 71,414 | $481K | 0.3% | 2026-Q1 |
| Matisse Capital | 65,333 | $440K | 0.2% | 2026-Q1 |
| TrueMark Investments, LLC added | 55,892 | $377K | 0.2% | 2026-Q1 |
| Gridiron Partners, LLC added | 54,852 | $370K | 0.2% | 2026-Q1 |
| WEDBUSH SECURITIES INC trimmed | 52,324 | $353K | 0.2% | 2026-Q1 |
| SeaCrest Wealth Management, LLC added | 47,033 | $317K | 0.2% | 2026-Q1 |
| XTX Topco Ltd added | 44,831 | $302K | 0.2% | 2026-Q1 |
| INTEGRATED CAPITAL MANAGEMENT, INC. added | 44,648 | $301K | 0.2% | 2026-Q1 |
| READYSTATE ASSET MANAGEMENT LP trimmed | 44,264 | $298K | 0.2% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 44,072 | $297K | 0.2% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 42,006 | $283K | 0.2% | 2026-Q1 |
| FLAGSHIP HARBOR ADVISORS, LLC trimmed | 40,806 | $275K | 0.2% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 37,585 | $253K | 0.1% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 31,960 | $215K | 0.1% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 30,393 | $205K | 0.1% | 2026-Q1 |
| Marex Group plc added | 30,000 | $202K | 0.1% | 2026-Q1 |
| Noble Wealth Management PBC trimmed | 28,208 | $190K | 0.1% | 2026-Q1 |
| Alpine Global Management, LLC trimmed | 27,021 | $182K | 0.1% | 2026-Q1 |
| Tactive Advisors, LLC trimmed | 18,685 | $126K | 0.1% | 2026-Q1 |
| M&T Bank Corp added | 18,000 | $121K | 0.1% | 2026-Q1 |
| DECISION INVESTMENTS, INC added | 17,800 | $120K | 0.1% | 2026-Q1 |
| Apollon Wealth Management, LLC trimmed | 16,039 | $108K | 0.1% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS added | 15,767 | $106K | 0.1% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 14,871 | $100K | 0.1% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 14,523 | $98K | 0.1% | 2026-Q1 |
| GAMCO INVESTORS, INC. ET AL | 14,000 | $94K | 0.1% | 2026-Q1 |
| EVOLVE PRIVATE WEALTH, LLC new | 13,991 | $94K | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 13,860 | $93K | 0.1% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 12,472 | $84K | 0.0% | 2026-Q1 |
| MANCHESTER FINANCIAL INC added | 12,315 | $83K | 0.0% | 2026-Q1 |
| Lido Advisors, LLC new | 11,590 | $78K | 0.0% | 2026-Q1 |
| Grove Street Fiduciary, LLC | 11,532 | $78K | 0.0% | 2026-Q1 |
| Kovitz Investment Group Partners, LLC trimmed | 2,323,938 | $18M | 10.0% | 2025-Q3 stale |
| SEVEN MILE ADVISORY added | 816,075 | $6M | 3.2% | 2025-Q4 stale |
| INVESCO SENIOR SECURED MANAGEMENT INC /ADV | 395,337 | $3M | 1.8% | 2025-Q2 stale |
| J.W. COLE ADVISORS, INC. trimmed | 214,852 | $2M | 0.8% | 2025-Q4 stale |
| Shaker Financial Services, LLC added | 181,599 | $1M | 0.7% | 2025-Q4 stale |
| JANE STREET GROUP, LLC added | 143,492 | $1M | 0.6% | 2025-Q4 stale |
| BOOTHBAY FUND MANAGEMENT, LLC trimmed | 97,000 | $754K | 0.4% | 2025-Q3 stale |
| Beacon Pointe Advisors, LLC new | 91,709 | $713K | 0.4% | 2025-Q3 stale |
| OAK HILL ADVISORS LP | 79,343 | $616K | 0.3% | 2025-Q3 stale |
| Bulldog Investors, LLP trimmed | 73,191 | $568K | 0.3% | 2025-Q1 stale |
| Almitas Capital LLC new | 55,799 | $450K | 0.2% | 2025-Q2 stale |
| NINE MASTS CAPITAL Ltd new | 54,542 | $382K | 0.2% | 2025-Q4 stale |
| Cerity Partners LLC added | 50,204 | $352K | 0.2% | 2025-Q4 stale |
| MILLENNIUM MANAGEMENT LLC trimmed | 35,941 | $290K | 0.2% | 2025-Q2 stale |
| GOLDMAN SACHS GROUP INC added | 33,957 | $238K | 0.1% | 2025-Q4 stale |
| Laird Norton Wetherby Wealth Management, LLC new | 25,107 | $202K | 0.1% | 2025-Q2 stale |
| Walleye Capital LLC trimmed | 23,983 | $186K | 0.1% | 2025-Q1 stale |
| Virtu Financial LLC added | 24,860 | $174K | 0.1% | 2025-Q4 stale |
| Westchester Capital Management, LLC | 22,344 | $157K | 0.1% | 2025-Q4 stale |
| KESTRA PRIVATE WEALTH SERVICES, LLC added | 19,362 | $156K | 0.1% | 2025-Q2 stale |
| HRT FINANCIAL LP added | 18,909 | $152K | 0.1% | 2025-Q2 stale |
| COMERICA BANK added | 14,523 | $102K | 0.1% | 2025-Q4 stale |
| Closed-End Fund Advisors, Inc. new | 14,310 | $100K | 0.1% | 2025-Q4 stale |
| Abacus Planning Group, Inc. | 12,547 | $97K | 0.1% | 2025-Q1 stale |
| Sage Capital Management, LLC | 13,500 | $95K | 0.1% | 2025-Q4 stale |
| Maridea Wealth Management LLC new | 11,773 | $86K | 0.0% | 2025-Q3 stale |
| Capital Investment Advisors, LLC added | 10,985 | $85K | 0.0% | 2025-Q3 stale |
| TWO SIGMA SECURITIES, LLC trimmed | 11,178 | $78K | 0.0% | 2025-Q4 stale |
| M Wealth Management, LLC | 10,000 | $78K | 0.0% | 2025-Q3 stale |
| CREATIVE FINANCIAL DESIGNS INC /ADV trimmed | 9,941 | $77K | 0.0% | 2025-Q3 stale |
| JPMORGAN CHASE & CO trimmed | 10,991 | $77K | 0.0% | 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.