Who owns 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-Q2 13F filings (latest filed 2026-08-20). 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 BRW is one-sided between 2026-Q1 and 2026-Q2: 3 added or opened and 15 trimmed or exited — on balance reducing.
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, Kovitz Investment Group Partners, LLC, sizes it at 0.4% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.4pp 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 2026-Q1 and 2026-Q2, across 91 tracked filers holding BRW, 39 increased or opened the position and 44 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 2026-Q1 and 2026-Q2 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 1
- J.W. COLE ADVISORS, INC.$1M
Full exits 5
- Penserra Capital Management LLC$10M
- PARK AVENUE SECURITIES LLC$1M
- Logan Stone Capital, LLC$1M
- RPO LLC$637K
- COHEN & STEERS, INC.$539K
Largest adds
- ENVESTNET ASSET MANAGEMENT INC$1M
- Thomas J. Herzfeld Advisors, Inc.$597K
Largest trims
- ABSOLUTE INVESTMENT ADVISERS, LLC$6M
- Quarry LP$3M
- Focus Partners Wealth$2M
- RIVERNORTH CAPITAL MANAGEMENT, LLC$1M
- LANDSCAPE CAPITAL MANAGEMENT, L.L.C.$661K
- Invesco Ltd.$482K
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 | 2,745,119 | $18M | 11.3% | 2026-Q2 |
| TORONTO DOMINION BANK | 2,278,240 | $15M | 9.4% | 2026-Q2 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC trimmed | 1,861,414 | $12M | 7.7% | 2026-Q2 |
| Thomas J. Herzfeld Advisors, Inc. added | 1,544,694 | $10M | 6.4% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,075,205 | $7M | 4.4% | 2026-Q2 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC added | 829,855 | $5M | 3.4% | 2026-Q2 |
| Invesco Ltd. trimmed | 740,127 | $5M | 3.1% | 2026-Q2 |
| CSS LLC/IL trimmed | 686,484 | $5M | 2.8% | 2026-Q2 |
| MORGAN STANLEY trimmed | 605,349 | $4M | 2.5% | 2026-Q2 |
| LPL Financial LLC added | 507,546 | $3M | 2.1% | 2026-Q2 |
| UBS Group AG added | 482,986 | $3M | 2.0% | 2026-Q2 |
| FLAX POND CAPITAL, LLC | 405,786 | $3M | 1.7% | 2026-Q2 |
| Advisors Asset Management, Inc. trimmed | 296,959 | $2M | 1.2% | 2026-Q2 |
| Ethos Financial Group, LLC trimmed | 251,018 | $2M | 1.0% | 2026-Q2 |
| Adalta Capital Management LLC added | 248,039 | $2M | 1.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 222,050 | $1M | 0.9% | 2026-Q2 |
| SCOTIA CAPITAL INC. trimmed | 216,897 | $1M | 0.9% | 2026-Q2 |
| J.W. COLE ADVISORS, INC. trimmed | 213,373 | $1M | 0.9% | 2026-Q2 |
| Modern Wealth Management, LLC added | 207,457 | $1M | 0.9% | 2026-Q2 |
| Baird Financial Group, Inc. added | 191,877 | $1M | 0.8% | 2026-Q2 |
| Marks Group Wealth Management, Inc | 172,790 | $1M | 0.7% | 2026-Q2 |
| SVRN Asset Management, LLC trimmed | 171,487 | $1M | 0.7% | 2026-Q2 |
| Yakira Capital Management, Inc. | 127,896 | $840K | 0.5% | 2026-Q2 |
| Chicago Partners Investment Group LLC trimmed | 122,851 | $816K | 0.5% | 2026-Q2 |
| CHOREO, LLC added | 103,861 | $682K | 0.4% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 92,798 | $610K | 0.4% | 2026-Q2 |
| PEAK FINANCIAL ADVISORS LLC added | 89,996 | $591K | 0.4% | 2026-Q2 |
| Next Capital Management LLC | 88,927 | $584K | 0.4% | 2026-Q2 |
| Shaker Financial Services, LLC trimmed | 75,815 | $498K | 0.3% | 2026-Q2 |
| IHT Wealth Management, LLC trimmed | 75,252 | $494K | 0.3% | 2026-Q2 |
| SeaCrest Wealth Management, LLC added | 64,018 | $421K | 0.3% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 63,655 | $418K | 0.3% | 2026-Q2 |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. trimmed | 62,290 | $409K | 0.3% | 2026-Q2 |
| TrueMark Investments, LLC added | 59,855 | $393K | 0.2% | 2026-Q2 |
| ABSOLUTE INVESTMENT ADVISERS, LLC trimmed | 57,853 | $380K | 0.2% | 2026-Q2 |
| North Ground Capital trimmed | 56,000 | $368K | 0.2% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 49,909 | $328K | 0.2% | 2026-Q2 |
| CoreCap Advisors, LLC new | 49,394 | $325K | 0.2% | 2026-Q2 |
| XTX Topco Ltd trimmed | 43,643 | $287K | 0.2% | 2026-Q2 |
| PNC Financial Services Group, Inc. trimmed | 42,662 | $280K | 0.2% | 2026-Q2 |
| FLAGSHIP HARBOR ADVISORS, LLC added | 42,624 | $280K | 0.2% | 2026-Q2 |
| Cetera Investment Advisers added | 42,019 | $276K | 0.2% | 2026-Q2 |
| INTEGRATED CAPITAL MANAGEMENT, INC. trimmed | 37,517 | $246K | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 35,040 | $230K | 0.1% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 31,877 | $209K | 0.1% | 2026-Q2 |
| Gridiron Partners, LLC trimmed | 25,723 | $167K | 0.1% | 2026-Q2 |
| NOMURA HOLDINGS INC new | 24,980 | $164K | 0.1% | 2026-Q2 |
| Bison Wealth, LLC new | 24,103 | $162K | 0.1% | 2026-Q2 |
| Marex Group Ltd trimmed | 24,000 | $158K | 0.1% | 2026-Q2 |
| Quarry LP trimmed | 23,773 | $156K | 0.1% | 2026-Q2 |
| NewEdge Advisors, LLC added | 22,451 | $148K | 0.1% | 2026-Q2 |
| Noble Wealth Management PBC trimmed | 21,144 | $139K | 0.1% | 2026-Q2 |
| Clear Street Group Inc. new | 20,000 | $131K | 0.1% | 2026-Q2 |
| Tactive Advisors, LLC trimmed | 18,535 | $122K | 0.1% | 2026-Q2 |
| M&T Bank Corp | 18,000 | $118K | 0.1% | 2026-Q2 |
| DECISION INVESTMENTS, INC trimmed | 17,450 | $115K | 0.1% | 2026-Q2 |
| Alpine Global Management, LLC trimmed | 16,800 | $110K | 0.1% | 2026-Q2 |
| Apollon Wealth Management, LLC added | 16,549 | $109K | 0.1% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS added | 16,367 | $108K | 0.1% | 2026-Q2 |
| ROBINSON CAPITAL MANAGEMENT, LLC new | 16,051 | $105K | 0.1% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 16,035 | $105K | 0.1% | 2026-Q2 |
| Permanent Capital Management, LP new | 15,539 | $102K | 0.1% | 2026-Q2 |
| FIFTH THIRD BANCORP | 14,523 | $95K | 0.1% | 2026-Q2 |
| GAMCO INVESTORS, INC. ET AL | 14,000 | $92K | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 13,860 | $91K | 0.1% | 2026-Q2 |
| EVOLVE PRIVATE WEALTH, LLC trimmed | 12,719 | $84K | 0.1% | 2026-Q2 |
| MANCHESTER FINANCIAL INC added | 12,414 | $82K | 0.1% | 2026-Q2 |
| Corient Private Wealth LP added | 11,710 | $77K | 0.0% | 2026-Q2 |
| Grove Street Fiduciary, LLC | 11,532 | $76K | 0.0% | 2026-Q2 |
| Perennial Advisors, LLC added | 11,198 | $74K | 0.0% | 2026-Q2 |
| PFG Investments, LLC | 10,375 | $68K | 0.0% | 2026-Q2 |
| Parallel Advisors, LLC added | 9,082 | $60K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 7,243 | $48K | 0.0% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 4,497 | $30K | 0.0% | 2026-Q2 |
| WINMILL & CO. INC | 3,700 | $24K | 0.0% | 2026-Q2 |
| Arax Advisory Partners new | 3,500 | $23K | 0.0% | 2026-Q2 |
| Clearstead Advisors, LLC | 3,000 | $20K | 0.0% | 2026-Q2 |
| GILL CAPITAL PARTNERS, LLC | 2,376 | $16K | 0.0% | 2026-Q2 |
| Ameritas Advisory Services, LLC | 1,920 | $13K | 0.0% | 2026-Q2 |
| CONSULTIVA WEALTH MANAGEMENT, CORP. | 1,350 | $9K | 0.0% | 2026-Q2 |
| Allied Private Wealth LLC new | 1,107 | $7K | 0.0% | 2026-Q2 |
| FINANCIAL CONSULATE, INC | 1,000 | $7K | 0.0% | 2026-Q2 |
| Axiom Investment Management LLC | 797 | $5K | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC | 600 | $4K | 0.0% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC | 533 | $4K | 0.0% | 2026-Q2 |
| ESL Trust Services, LLC | 501 | $3K | 0.0% | 2026-Q2 |
| Kentucky Trust Co | 500 | $3K | 0.0% | 2026-Q2 |
| BELLEVUE ASSET MANAGEMENT, LLC | 420 | $3K | 0.0% | 2026-Q2 |
| HIGHLINE WEALTH PARTNERS LLC | 350 | $2K | 0.0% | 2026-Q2 |
| Global Retirement Partners, LLC trimmed | 4 | $27 | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 1 | $6 | 0.0% | 2026-Q2 |
| Penserra Capital Management LLC added | 1,454,841 | $10M | 6.2% | 2026-Q1 stale (1 quarter behind) |
| PARK AVENUE SECURITIES LLC added | 178,692 | $1M | 0.8% | 2026-Q1 stale (1 quarter behind) |
| Logan Stone Capital, LLC trimmed | 153,367 | $1M | 0.6% | 2026-Q1 stale (1 quarter behind) |
| RPO LLC new | 94,567 | $637K | 0.4% | 2026-Q1 stale (1 quarter behind) |
| SEVEN MILE ADVISORY added | 816,075 | $6M | 3.6% | 2025-Q4 stale (2 quarters behind) |
| Kovitz Investment Group Partners, LLC trimmed | 2,323,938 | $18M | 11.3% | 2025-Q3 stale (3 quarters behind) |
| BOOTHBAY FUND MANAGEMENT, LLC new | 97,000 | $754K | 0.5% | 2025-Q3 stale (3 quarters behind) |
| Beacon Pointe Advisors, LLC new | 91,709 | $713K | 0.4% | 2025-Q3 stale (3 quarters behind) |
| INVESCO SENIOR SECURED MANAGEMENT INC /ADV | 395,337 | $3M | 2.0% | 2025-Q2 stale (4 quarters behind) |
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.