Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Brown Forman Corp (BF/B)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -51
Streak
1Q ▼
Buyers last Q
41%

Smart Money Signals — BF/B

Based on 578 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their BF/B positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 92% of 3.0Y peak

92% of all-time peak
578 funds currently hold this stock — 92% of the 3.0-year high of 630 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 8% fewer funds vs a year ago

fund count last 6Q
52 fewer hedge funds hold BF/B compared to a year ago (-8% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 41% buying

261 buying368 selling
Last quarter: 368 funds reduced or exited vs 261 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.
⚠️

Fewer new buyers each quarter (-21 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 93 → 82 → 102 → 81. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 20% medium ■ 17% new
363 out of 578 hedge funds have held BF/B 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.
➡️

Steady discovery — ~81 new funds/quarter

96 → 93 → 82 → 102 → 81 new funds/Q
New funds entering each quarter: 93 → 82 → 102 → 81. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 66% veterans vs 22% newcomers

■ 66% veterans ■ 12% 1-2yr ■ 22% new
Entry-cohort mix of 588 holders: 388 (66%) are 2+ year veterans, 68 entered 1–2 years ago, and 132 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 49% AUM from top-100 funds

49% from top-100 AUM funds
56 of 571 holders are among the 100 largest funds by AUM, controlling 49% of total institutional value in BF/B. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — 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.

Institutional Sentiment Summary — BF/B

In 2026 Q1, 261 hedge funds were net buyers of BF/B (81 opened a new position, 180 added to an existing one), while 368 reduced or exited (236 trimmed, 132 sold completely) — a 41% buyer ratio, indicating roughly balanced activity. 49% of total institutional value in BF/B is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -51 funds (more exits than new entries). Total institutional holders: 578.

Hedge Fund Ownership: BF/B

How many hedge funds hold BF/B — quarterly history vs. share price
Quarterly hedge fund ownership of BF/B vs. share price

Market Analysis: BF/B

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BF/B

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Brown Forman Corp (BF/B) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BF/B has moved relative to its sector benchmark (XLP) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 78d ago
BF/B
+0.6%
XLP
+4.4%

BF/B outperformed XLP by -3.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
BF/B
+0.9%
XLP
+1.1%

Since the filing became public, BF/B outperformed XLP by -0.2% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

33 top-rated funds 5 high-conviction
Consensus
6.6
/ 10
breadth
×
Elite
3.3
/ 10
conviction
Hedge Fund Positioning: BF/B
574 + Investors

Track Smart Money conviction in BF/B. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 574 629 -8.74%
13F Shares 202M 222M -9.12%
Total Value $4.90B $5.82B -15.85%
New Positions 78 102 -24
Increased Positions 179 203 -24
Closed Positions 133 82 +51
Reduced Positions 233 240 -7
Total Calls 10 7 42.86%
Total Puts 6 6 -
PUT/CALL Ratio 0.6 0.86 Bullish

Statistics: BF/B

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Financial Highlights

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Institutional Holders (2026 Q1)

574 + investors

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

QUARTER:
Top 25 BF/B holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Amiral Gestion 8.20% 558,244 $14.8M
2 Black Creek Investment Management Inc. 7.46% 5,258,106 $139.0M
3 Hillman Capital Management, Inc. 3.24% 176,437 $4.7M
4 Black Cypress Capital Management, LLC 3.24% 170,481 $4.5M
5 Ruffer LLP 2.96% 2,731,876 $72.4M
6 Pacific Capital Partners Ltd 2.88% 110,464 $2.9M
7 Banyan Capital Management, INC. 2.24% 196,284 $5.2M
8 Grace & White Inc /Ny 2.06% 442,148 $11.7M
9 Rbo & Co LLC 1.81% 424,272 $11.2M
10 Monaco Asset Management SAM 1.37% 281,050 $7.4M
11 Lindsell Train Ltd 1.33% 1,576,049 $41.7M
12 Chancellor Financial Group WB LP 1.27% 67,655 $1.8M
13 Equity Investment Corp 1.26% 2,423,972 $64.1M
14 ARGA Investment Management, LP 1.21% 1,395,997 $36.9M
15 ICICI Prudential Asset Management Co Ltd 1.15% 362,600 $9.6M
16 Medallion Wealth Advisors, LLC 1.10% 71,416 $2.4M
17 J. Safra Sarasin Holding AG 0.72% 1,588,648 $42.0M
18 Sprucegrove Investment Management Ltd 0.70% 165,200 $4.4M
19 Harvest Management LLC 0.64% 50,000 $1.3M
20 Vest Financial, LLC 0.59% 1,848,778 $48.9M
21 Parvin Asset Management, LLC 0.54% 28,550 $755K
22 Philip James Wealth Mangement, LLC 0.54% 176,509 $4.7M
23 Confluence Investment Management LLC 0.51% 1,237,621 $32.7M
24 Lecap Asset Management Ltd 0.50% 50,697 $1.3M
25 Endure Capital Management, LLC 0.47% 26,000 $687K
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/B)

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

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their BF/B positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for BF/B?

More sellers than buyers — 41% buying: Last quarter: 368 funds reduced or exited vs 261 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/B holders?

Elite ownership — 49% AUM from top-100 funds: 56 of 571 holders are among the 100 largest funds by AUM, controlling 49% of total institutional value in BF/B. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held BF/B?

63% of holders stayed for 2+ years: 363 out of 578 hedge funds have held BF/B 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.

Is it too late to buy Brown Forman Corp (BF/B) following the 2026 Q1 hedge fund 13F filings?

As of today, BF/B has moved +0.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the XLP sector ETF — an outperformance of -0.2%. Since the quarter end (March 31, 2026), BF/B has gained +0.6% vs +4.4% for XLP. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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