BROWN FORMAN CORP (BF/A): Hedge Fund Ownership & Smart Money Signals (Q4 2025)

BROWN FORMAN CORP (BF/A)

205 + Investors. Track Smart Money conviction in BF/A. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — BF/A

Based on 203 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q

For 2 consecutive quarters, more hedge funds added BF/A than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

203 hedge funds hold BF/A right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

〰️

Stable — ownership unchanged year-over-year

fund count last 6Q

The number of hedge funds holding BF/A is almost the same as a year ago (+2 funds, +1% change). No significant rush to buy or sell — institutional backing is holding steady.

🟠

More sellers than buyers — 47% buying

89 buying99 selling

Last quarter: 99 funds reduced or exited vs 89 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

➡️

Steady new buyers — ~34 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 29 → 24 → 36 → 34. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 17% medium ■ 19% new

130 out of 203 hedge funds have held BF/A for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

📈

Growing discovery — still being found

34 → 29 → 24 → 36 → 34 new funds/Q

New funds entering each quarter: 29 → 24 → 36 → 34. A growing number of institutions are discovering BF/A each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Deep conviction — 66% of holders stayed 2+ years

■ 66% veterans ■ 11% 1-2yr ■ 22% new

Of 205 current holders: 136 (66%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

✅

Strong quality — 37% AUM from major funds

37% from top-100 AUM funds

36 of 203 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

3.6

out of 10

Low Exit Risk

Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2025 Q4)	Prior (2025 Q3)	Change
Funds Holding	205	196	4.59%
13F Shares	18M	18M	-1.32%
Total Value	$475M	$492M	-3.5%
New Positions	34	36	-2
Increased Positions	56	69	-13
Closed Positions	24	33	-9
Reduced Positions	78	59	+19
Total Calls	1	1	-
Total Puts	1	3	-66.67%
PUT/CALL Ratio	1.0	3.0	Neutral

Metric

All 13F Filers (2025 Q4)

Prior (2025 Q3)

Change

Funds Holding

205

196

4.59%

13F Shares

18M

-1.32%

Total Value

$475M

$492M

-3.5%

New Positions

-2

Increased Positions

-13

Closed Positions

-9

Reduced Positions

+19

Total Calls

Total Puts

-66.67%

PUT/CALL Ratio

1.0

3.0

Neutral

Institutional Holders (2026 Q1)

205 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BF/A. Verified SEC 13F-HR filings.

FILTER:All New Added To Reduced No Change | Overweight >5% | SHOW: Active managers + show index funds

Top 25 institutional holders of BF/A — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Kessler Investment Group, LLC	4.02%	316,886	$8.5M
2	Lindsell Train Ltd	2.21%	2,585,222	$69.3M
3	GRACE & WHITE INC /NY	0.52%	110,355	$3.0M
4	True Vision MN LLC	0.37%	26,395	$713K
5	Bronte Capital Management Pty Ltd.	0.27%	100,354	$2.7M
6	Kennon-Green & Company, LLC	0.27%	12,091	$324K
7	HARVEY INVESTMENT CO LLC	0.25%	85,524	$2K
8	Sippican Capital Advisors	0.21%	11,292	$303K
9	MARKEL GROUP INC.	0.19%	843,000	$22.6M
10	Atlas Brown,Inc.	0.16%	20,351	$545K
11	Town & Country Bank & Trust CO dba First Bankers Trust CO	0.15%	16,696	$447K
12	New Republic Capital, LLC	0.13%	14,824	$399K
13	Cherokee Insurance Co	0.12%	12,000	$321K
14	TCV Trust & Wealth Management, Inc.	0.10%	45,400	$1.2M
15	STOCK YARDS BANK & TRUST CO	0.07%	89,584	$2.4M
16	PARTHENON LLC	0.06%	18,200	$488K
17	Board of the Pension Protection Fund	0.05%	2,200	$59K
18	Boit C F David	0.05%	4,160	$111K
19	PRIVATE TRUST CO NA	0.04%	18,047	$483K
20	KPP Advisory Services LLC	0.04%	9,992	$268K
21	Ethic Inc.	0.04%	86,637	$2.3M
22	BARLOW WEALTH PARTNERS, LLC	0.04%	10,769	$320K
23	JOURNEY STRATEGIC WEALTH LLC	0.03%	38,284	$1.0M
24	Independence Bank of Kentucky	0.02%	5,828	$156K
25	Versant Capital Management, Inc	0.01%	4,433	$119K

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — BROWN FORMAN CORP (BF/A)

What does the Smart Money Trend signal show for BF/A?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added BF/A than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BF/A?

More sellers than buyers — 47% buying: Last quarter: 99 funds reduced or exited vs 89 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for BF/A holders?

Strong quality — 37% AUM from major funds: 36 of 203 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held BF/A?

64% of holders stayed for 2+ years: 130 out of 203 hedge funds have held BF/A for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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BROWN FORMAN CORP (BF/A)

Smart Money Signals — BF/A

Buying streak — 2 quarters in a row

At the ownership peak (100% of max)

Stable — ownership unchanged year-over-year

More sellers than buyers — 47% buying

Steady new buyers — ~34 new funds per quarter

64% of holders stayed for 2+ years

Growing discovery — still being found

Deep conviction — 66% of holders stayed 2+ years

Strong quality — 37% AUM from major funds

Hedge Fund Ownership: BF/A

Market Analysis: BF/A

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: BF/A

Hedge Fund Positioning: BF/A

Statistics: BF/A

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — BROWN FORMAN CORP (BF/A)

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