Vault-13

BROOKFIELD BUSINESS CORP

CL A EXC SUB VTG · Common Stock · CUSIP 11259V106

128 institutional holders +10 vs Q1 2025
63,276,37463.3m shares reported held*
$2.1bnreported value*
22 new 27 added 50 reduced 12 sold out net sold ≈ $3.0bn (-95.2m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($281.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $33.20. Options: 2 managers hold calls ($6.0k notional), 1 hold puts ($0).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 86Q4 22: 85Q1 23: 78Q2 23: 86Q3 23: 95Q4 23: 104Q1 24: 111Q2 24: 102Q3 24: 113Q4 24: 115Q1 25: 118Q2 25: 128128Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202286
Q4 202285
Q1 202378
Q2 202386
Q3 202395
Q4 2023104
Q1 2024111
Q2 2024102
Q3 2024113
Q4 2024115
Q1 2025118
Q2 2025128

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q3 23: 42 bought or addedQ3 23: 35 cut or sold outQ4 23: 49 bought or addedQ4 23: 39 cut or sold outQ4 23Q1 24: 41 bought or addedQ1 24: 46 cut or sold outQ2 24: 42 bought or addedQ2 24: 47 cut or sold outQ2 24Q3 24: 46 bought or addedQ3 24: 32 cut or sold outQ4 24: 59 bought or addedQ4 24: 37 cut or sold outQ4 24Q1 25: 43 bought or addedQ1 25: 45 cut or sold outQ2 25: 49 bought or addedQ2 25: 62 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20234235
Q4 20234939
Q1 20244146
Q2 20244247
Q3 20244632
Q4 20245937
Q1 20254345
Q2 20254962

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20k$40k$60k$80kQ3 24 calls: $30.4kQ3 24 puts: $25.3kQ3 24P/C 0.83Q4 24 calls: $60.6kQ4 24 puts: $70.4kQ4 24P/C 1.16Q1 25 calls: $63.9kQ1 25 puts: $61.2kQ1 25P/C 0.96Q2 25 calls: $6.0kQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$30.4k$25.3k0.83
Q4 2024$60.6k$70.4k1.16
Q1 2025$63.9k$61.2k0.96
Q2 2025$6.0k$00.00

Biggest buyers

ROYAL BANK OF CANADA Added +132,510+132.5k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +117,998+118.0k
MILLENNIUM MANAGEMENT LLC New +113,666+113.7k
MORGAN STANLEY Added +60,535+60.5k
HRT FINANCIAL LP New +50,470+50.5k
TD Asset Management Inc Added +30,951+31.0k
RENAISSANCE TECHNOLOGIES LLC New +28,700+28.7k
TWO SIGMA INVESTMENTS, LP Added +27,427+27.4k
Connor, Clark & Lunn Investment Management Ltd. New +24,900+24.9k
XTX Topco Ltd New +21,071+21.1k

Biggest sellers

Brookfield Corp /ON/ Reduced -94,489,752-94.5m
CIBC Asset Management Inc Reduced -763,738-763.7k
BlackRock, Inc. Reduced -171,408-171.4k
PRIVATE MANAGEMENT GROUP INC Reduced -95,199-95.2k
CI INVESTMENTS INC. Reduced -72,463-72.5k
Nuveen, LLC Reduced -27,341-27.3k
GEODE CAPITAL MANAGEMENT, LLC Reduced -26,980-27.0k
TD Waterhouse Canada Inc. Reduced -25,519-25.5k
CIBC WORLD MARKET INC. Reduced -21,663-21.7k
CITADEL ADVISORS LLC Reduced -20,948-20.9k

Biggest calls

SIMPLEX TRADING, LLC New $6.0k200 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BROOKFIELD Corp /ON/ 13D · may seek influence +31.5 pts · filed 2026-03-30
Stated purposeItem 4 of the original Schedule 13D is hereby supplemented as follows: On March 27, 2026, BBUC (formerly 1559985 B.C. Ltd.) completed the previously announced plan of arrangement (the "Arrangement") pursuant to which, among other things, (i) all limited partnership units ("BBU Units") of BBU, BBHC exchangeable shares and redemption-exchange units ("REUs") of Brookfield Business L.P. ("Holding LP") were exchanged for newly issued class A subordinate voting shares of BBUC ("BBUC Class A Shares") on a one-for-one basis, (ii) the special limited partnership units of Holding LP, which were held by a subsidiary of Brookfield Asset Management Ltd., were exchanged for special non-voting incentive shares of BBUC ("Special Shares") on a one-for-one basis, (iii) BN exchanged its share of Brookfield … Full filing
 100.0% +31.5 pts 68.2m 2026-03-30

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Brookfield Corp /ON/ 1.94% of their portfolio TORONTO, A6 47,244,87647.2m $1.6bn $1.6bn 1.94% Reduced -94.5m -94,489,752
2 OMERS ADMINISTRATION Corp 1.48% of their portfolio TORONTO, A6 6,019,6816.0m $187.8m $187.8m 1.48% Unchanged
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,438,5661.4m $44.9m $44.9m 0.00% Reduced -171.4k -171,408
4 PRIVATE MANAGEMENT GROUP INC 1.20% of their portfolio IRVINE, CA 1,185,5201.2m $37.0m $37.0m 1.20% Reduced -95.2k -95,199
5 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,104,6101.1m $34.5m $34.5m 0.00% Added +132.5k +132,510
6 CI INVESTMENTS INC. 0.12% of their portfolio TORONTO, Z4 995,833995.8k $31.1m $31.1m 0.12% Reduced -72.5k -72,463
7 Partners Value Investments L.P. 0.33% of their portfolio Hamilton, D0 757,259757.3k $32.3m $32.3m 0.33% Unchanged
8 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 415,344415.3k $13.0m $13.0m 0.00% Reduced -7.1k -7,100
9 Beutel, Goodman & Co Ltd. 0.07% of their portfolio TORONTO, A6 399,025399.0k $12.5m $12.5m 0.07% Reduced -12.9k -12,930
10 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 347,932347.9k $10.9m $10.9m 0.01% Reduced -6.9k -6,932
11 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 304,877304.9k $9.5m $9.5m 0.00% Reduced -27.0k -26,980
12 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 187,335187.3k $5.9m $5.9m 0.00% Added +118.0k +117,998
13 TD Waterhouse Canada Inc. 0.04% of their portfolio TORONTO, A6 183,080183.1k $5.7m $5.7m 0.04% Reduced -25.5k -25,519
14 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 179,148179.1k $5.6m $5.6m 0.00% Added +1.7k +1,678
15 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 168,580168.6k $5.3m $5.3m 0.00% Added +60.5k +60,535
16 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 137,840137.8k $4.3m $4.3m 0.00% Reduced -18.1k -18,109
17 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 123,942123.9k $3.9m $3.9m 0.00% Reduced -12.6k -12,553
18 Cardinal Point Capital Management ULC 0.29% of their portfolio TORONTO, A6 118,368118.4k $3.7m $3.7m 0.29% Added +250 +250
19 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 116,462116.5k $3.6m $3.6m 0.00% Reduced -3.3k -3,321
20 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 113,666113.7k $3.6m $3.6m 0.00% New
21 CIBC Asset Management Inc 0.01% of their portfolio TORONTO, Z4 108,649108.6k $3.4m $3.4m 0.01% Reduced -763.7k -763,738
22 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 89,91589.9k $2.8m $2.8m 0.00% Reduced -1.2k -1,205
23 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 84,79484.8k $2.6m $2.6m 0.00% Reduced -27.3k -27,341
24 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 81,93881.9k $2.6m $2.6m 0.00% Reduced -20.9k -20,948
25 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 81,02681.0k $2.5m $2.5m 0.00% Added +13.4k +13,447
26 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 69,22269.2k $2.2m $2.2m 0.00% Reduced -9.0k -8,984
27 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 60,72760.7k $1.9m $1.9m 0.00% Reduced -21.7k -21,663
28 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 57,63657.6k $1.8m $1.8m 0.00% Added +11.0k +10,954
29 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 57,03757.0k $1.8m $1.8m 0.00% Added +6.3k +6,270
30 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 56,24856.2k $1.8m $1.8m 0.00% Reduced -11.6k -11,588
31 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 56,08756.1k $1.7m $1.7m 0.00% Reduced -4.6k -4,598
32 Swiss National Bank 0.00% of their portfolio ZURICH, V8 55,08755.1k $1.7m $1.7m 0.00% Reduced -1.9k -1,900
33 TANDEM CAPITAL MANAGEMENT CORP /ADV 0.87% of their portfolio WOODCLIFF LAKE, NJ 54,90354.9k $1.7m $1.7m 0.87% Reduced -550 -550
34 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 50,47050.5k $1.6m $1.6m 0.01% New
35 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 49,02949.0k $1.5m $1.5m 0.00% Added +5.9k +5,928
36 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 42,53142.5k $1.3m $1.3m 0.00% Added +27.4k +27,427
37 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 40,68040.7k $1.3m $1.3m 0.00% Added +31.0k +30,951
38 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 40,62740.6k $1.3m $1.3m 0.00% Reduced -1.4k -1,435
39 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 38,90538.9k $1.2m $1.2m 0.00% Reduced -696 -696
40 Legal & General Group Plc 0.00% of their portfolio London, X0 34,71434.7k $1.1m $1.1m 0.00% Added +4.2k +4,157
41 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 31,23731.2k $974.6k $974.6k 0.00% Unchanged
42 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 31,13031.1k $971.3k $971.3k 0.00% Reduced -3.7k -3,736
43 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 28,70028.7k $895.4k $895.4k 0.00% New
44 UBS Group AG 0.00% of their portfolio ZURICH, V8 25,86125.9k $806.9k $806.9k 0.00% Reduced -1.7k -1,653
45 Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio VANCOUVER, A1 24,90024.9k $779.6k $779.6k 0.00% New
46 Capula Management Ltd 0.01% of their portfolio Grand Cayman, E9 24,50024.5k $1.0m $1.0m 0.01% Not comparable
47 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 23,34423.3k $728.3k $728.3k 0.00% Reduced -29 -29
48 XTX Topco Ltd 0.03% of their portfolio LONDON, X0 21,07121.1k $657.4k $657.4k 0.03% New
49 INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio WEST PALM BEACH, FL 18,20818.2k $568.1k $568.1k 0.01% Unchanged
50 JACOBS LEVY EQUITY MANAGEMENT, INC 0.00% of their portfolio FLORHAM PARK, NJ 17,06317.1k $532.4k $532.4k 0.00% Unchanged
51 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 15,32615.3k $478.2k $478.2k 0.00% Reduced -191 -191
52 SUSQUEHANNA ADVISORS GROUP, INC. 0.02% of their portfolio BALA CYNWYD, PA 15,06615.1k $470.1k $470.1k 0.02% New
53 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 14,87014.9k $465.4k $465.4k 0.00% New
54 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 14,80714.8k $462.0k $462.0k 0.00% Reduced -1.2k -1,194
55 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 13,23213.2k $412.8k $412.8k 0.00% Reduced -2.2k -2,163
56 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 12,21012.2k $381.0k $381.0k 0.00% Added +919 +919
57 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 10,84910.8k $338.5k $338.5k 0.00% Added +463 +463
58 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 10,70810.7k $334.4k $334.4k 0.00% Reduced -2.6k -2,648
59 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 10,62310.6k $331.4k $331.4k 0.00% New
60 Mariner, LLC 0.00% of their portfolio Overland Park, KS 10,33010.3k $322.3k $322.3k 0.00% Reduced -3.3k -3,331
61 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 10,24710.2k $320.0k $320.0k 0.00% Reduced -9.6k -9,615
62 BFSG, LLC 0.03% of their portfolio IRVINE, CA 9,8079.8k $306.0k $306.0k 0.03% Unchanged
63 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 8,9068.9k $277.9k $277.9k 0.00% New
64 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 8,8188.8k $262.3k $262.3k 0.00% Reduced -986 -986
65 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 8,5388.5k $266.4k $266.4k 0.00% Reduced -362 -362
66 Carmel Capital Partners, LLC 0.09% of their portfolio SAN DIEGO, CA 8,3938.4k $261.9k $261.9k 0.09% New
67 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 8,0818.1k $252.1k $252.1k 0.00% Reduced -8.8k -8,823
68 ExodusPoint Capital Management, LP 0.00% of their portfolio NEW YORK, NY 8,0418.0k $251.0k $251.0k 0.00% Reduced -1.3k -1,265
69 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 7,7227.7k $241.0k $241.0k 0.00% New
70 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 7,4307.4k $231.8k $231.8k 0.00% New
71 Campbell & CO Investment Adviser LLC 0.01% of their portfolio BALTIMORE, MD 7,1827.2k $224.1k $224.1k 0.01% New
72 SCOTIA CAPITAL INC. 0.00% of their portfolio TORONTO, A6 6,5376.5k $204.0k $204.0k 0.00% New
73 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 6,4196.4k $200.3k $200.3k 0.00% Reduced -3.3k -3,300
74 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 5,8575.9k $182.7k $182.7k 0.00% Unchanged
75 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 5,7735.8k $180.1k $180.1k 0.00% Added +4.2k +4,243
76 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 5,3795.4k $162.6k $162.6k 0.00% Reduced -1.9k -1,898
77 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 4,8364.8k $150.9k $150.9k 0.00% Added +1.9k +1,927
78 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 3,7513.8k $117.0k $117.0k 0.00% Unchanged
79 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 3,0263.0k $94.4k $94.4k 0.00% Reduced -11.0k -10,996
80 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 2,9813.0k $93.0k $93.0k 0.00% Unchanged
81 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 2,9352.9k $91.6k $91.6k 0.00% Reduced -170 -170
82 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 2,5642.6k $80.0k $80.0k 0.00% Unchanged
83 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 2,3972.4k $74.8k $74.8k 0.00% Reduced -932 -932
84 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,6501.6k $51.5k $51.5k 0.00% Unchanged
85 SHELL ASSET MANAGEMENT CO 0.00% of their portfolio THE HAGUE, P7 1,6241.6k $51.0k $51.0k 0.00% Added +103 +103
86 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,6101.6k $50.2k $50.2k 0.00% Reduced -4.9k -4,908
87 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,1761.2k $37.0k $37.0k 0.00% Added +238 +238
88 FMR LLC 0.00% of their portfolio BOSTON, MA 926926 $29.0k $29.0k 0.00% Added +260 +260
89 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 902902 $28.0k $28.0k 0.00% Unchanged
90 Smartleaf Asset Management LLC 0.00% of their portfolio BOSTON, MA 765765 $23.5k $23.5k 0.00% Added +729 +729
91 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 693693 $21.0k $21.0k 0.00% Reduced -71 -71
92 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 545545 $17.0k $17.0k 0.00% Added +281 +281
93 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 455455 $14.2k $14.2k 0.00% Reduced -85 -85
94 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 439439 $13.7k $13.7k 0.00% Reduced -9 -9
95 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 340340 $10.6k $10.6k 0.00% Unchanged
96 North Star Investment Management Corp. 0.00% of their portfolio CHICAGO, IL 340340 $10.6k $10.6k 0.00% Unchanged
97 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 285285 $8.9k $8.9k 0.00% New
98 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 213213 $6.6k $6.6k 0.00% Reduced -376 -376
99 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 172172 $5.4k $5.4k 0.00% New
100 MassMutual Private Wealth & Trust, FSB 0.00% of their portfolio Windsor, CT 161161 $5.0k $5.0k 0.00% Reduced -141 -141