Vault-13

BROWN FORMAN CORP BF.A

CL A · Common Stock · CUSIP 115637100

American-owned spirit and wine producer and distributor

211 institutional holders +2 vs Q1 2026
19,079,60419.1m shares reported held*
$522.2mreported value*
35 new 73 added 55 reduced 33 sold out net bought ≈ $14.0m (+510.3k 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 ($578.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $27.37. Options: 2 managers hold calls ($913.8k notional), 1 hold puts ($648.4k).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 212Q4 22: 217Q1 23: 201Q2 23: 198Q3 23: 186Q4 23: 193Q1 24: 190Q2 24: 190Q3 24: 205Q4 24: 207Q1 25: 209Q2 25: 198Q3 25: 204Q4 25: 205Q1 26: 209Q2 26: 211211Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022212
Q4 2022217
Q1 2023201
Q2 2023198
Q3 2023186
Q4 2023193
Q1 2024190
Q2 2024190
Q3 2024205
Q4 2024207
Q1 2025209
Q2 2025198
Q3 2025204
Q4 2025205
Q1 2026209
Q2 2026211

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 24: 94 bought or addedQ3 24: 63 cut or sold outQ4 24: 82 bought or addedQ4 24: 90 cut or sold outQ4 24Q1 25: 96 bought or addedQ1 25: 85 cut or sold outQ2 25: 96 bought or addedQ2 25: 91 cut or sold outQ2 25Q3 25: 104 bought or addedQ3 25: 85 cut or sold outQ4 25: 73 bought or addedQ4 25: 102 cut or sold outQ4 25Q1 26: 98 bought or addedQ1 26: 92 cut or sold outQ2 26: 108 bought or addedQ2 26: 88 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20249463
Q4 20248290
Q1 20259685
Q2 20259691
Q3 202510485
Q4 202573102
Q1 20269892
Q2 202610888

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 25 calls: $204.5kQ3 25 puts: $1.2mQ3 25P/C 5.76Q4 25 calls: $315.7kQ4 25 puts: $205.2kQ4 25P/C 0.65Q1 26 calls: $14.1mQ1 26 puts: $975.2kQ1 26P/C 0.07Q2 26 calls: $913.8kQ2 26 puts: $648.4kQ2 26P/C 0.71
Numbers
QuarterCallsPutsP/C
Q3 2025$204.5k$1.2m5.76
Q4 2025$315.7k$205.2k0.65
Q1 2026$14.1m$975.2k0.07
Q2 2026$913.8k$648.4k0.71

Biggest buyers

Slotnik Capital, LLC New +333,689+333.7k
BlackRock, Inc. Added +152,077+152.1k
DIMENSIONAL FUND ADVISORS LP Added +151,459+151.5k
GEODE CAPITAL MANAGEMENT, LLC Added +135,242+135.2k
Quantinno Capital Management LP Added +103,223+103.2k
FIRST TRUST ADVISORS LP New +81,679+81.7k
HRT FINANCIAL LP New +71,262+71.3k
STATE STREET CORP Added +65,567+65.6k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Added +51,959+52.0k
AQR CAPITAL MANAGEMENT LLC Added +45,279+45.3k

Biggest sellers

Lindsell Train Ltd Reduced -450,433-450.4k
Kessler Investment Group, LLC Reduced -98,758-98.8k
LOS ANGELES CAPITAL MANAGEMENT LLC Sold out -68,458-68.5k
VANGUARD CAPITAL MANAGEMENT LLC Reduced -59,774-59.8k
Maxi Investments CY Ltd Sold out -50,496-50.5k
GARDNER RUSSO & QUINN LLC Reduced -50,063-50.1k
JANE STREET GROUP, LLC Sold out -38,367-38.4k
Ethic Inc. Reduced -37,400-37.4k
SEI INVESTMENTS CO Sold out -30,434-30.4k
XTX Topco Ltd Reduced -22,333-22.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $558.1k20.4k shares
CITADEL ADVISORS LLC Added $355.7k13.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $648.4k23.7k 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
Wolf Pen Branch, LP 13D · may seek influence filed 2026-06-03 60.3% 101.6m≈ $2.8bn 2026-06-03

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 1 sellingQ3 25Q4 25: 0 buyingQ4 25: 1 sellingQ1 26: 0 buyingQ1 26: 1 sellingQ1 26Q2 26: 0 buyingQ2 26: 0 sellingQ3 26: 0 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—1$732.9k$732.9k
Q4 20250—1$662.4k$662.4k
Q1 20260—1$803.6k$803.6k
Q2 20260—0——
Q3 20260—0——

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Lindsell Train Ltd 2.22% of their portfolio London, X0 2,134,7892.1m $58.4m $58.4m 2.22% Reduced -450.4k -450,433
2 VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 1,987,8012.0m $54.4m $54.4m 0.00% Added +8.6k +8,592
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,624,8561.6m $44.5m $44.5m 0.00% Added +152.1k +152,077
4 GARDNER RUSSO & QUINN LLC 0.49% of their portfolio LANCASTER, PA 1,597,8151.6m $43.7m $43.7m 0.49% Reduced -50.1k -50,063
5 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 1,355,6961.4m $37.1m $37.1m 0.00% Reduced -59.8k -59,774
6 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 907,216907.2k $24.8m $24.8m 0.00% Added +135.2k +135,242
7 GABELLI FUNDS LLC 0.16% of their portfolio Rye, NY 901,100901.1k $24.7m $24.7m 0.16% Unchanged
8 Markel Group Inc. 0.18% of their portfolio Glen Allen, VA 843,000843.0k $23.1m $23.1m 0.18% Unchanged
9 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 646,521646.5k $17.7m $17.7m 0.00% Added +151.5k +151,459
10 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 607,448607.4k $16.6m $16.6m 0.00% Added +27.1k +27,096
11 Glenview Trust Co 0.19% of their portfolio Louisville, KY 503,341503.3k $13.8m $13.8m 0.19% Reduced -619 -619
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 349,154349.2k $9.6m $9.6m 0.00% Added +10.1k +10,139
13 Slotnik Capital, LLC 2.54% of their portfolio DALLAS, TX 333,689333.7k $9.1m $9.1m 2.54% New
14 NORGES BANK 0.00% of their portfolio OSLO, Q8 288,879288.9k $7.9m $7.9m 0.00% Not comparable
15 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 276,955277.0k $7.6m $7.6m 0.01% Added +103.2k +103,223
16 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 276,464276.5k $7.6m $7.6m 0.00% Reduced -797 -797
17 Kessler Investment Group, LLC 2.55% of their portfolio COLUMBUS, IN 218,128218.1k $6.0m $6.0m 2.55% Reduced -98.8k -98,758
18 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 206,800206.8k $5.7m $5.7m 0.00% Added +65.6k +65,567
19 GAMCO INVESTORS, INC. ET AL 0.05% of their portfolio GREENWICH, CT 202,148202.1k $5.5m $5.5m 0.05% Reduced -3.7k -3,700
20 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 169,792169.8k $4.6m $4.6m 0.01% Reduced -4.3k -4,323
21 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 166,350166.3k $4.6m $4.6m 0.00% Added +22.1k +22,125
22 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 150,002150.0k $4.1m $4.1m 0.01% Added +5.8k +5,765
23 GRACE & WHITE INC /NY 0.48% of their portfolio NY, NY 110,355110.4k $3.0m $3.0m 0.48% Unchanged
24 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 103,520103.5k $2.8m $2.8m 0.00% Added +45.3k +45,279
25 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 102,784102.8k $2.8m $2.8m 0.00% Added +25.2k +25,199
26 Bronte Capital Management Pty Ltd. 0.29% of their portfolio Bondi Junction, C3 95,36595.4k $2.6m $2.6m 0.29% Reduced -5.0k -4,989
27 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 92,86192.9k $2.5m $2.5m 0.00% Added +52.0k +51,959
28 STOCK YARDS BANK & TRUST CO 0.07% of their portfolio LOUISVILLE, KY 89,58489.6k $2.5m $2.5m 0.07% Unchanged
29 HARVEY INVESTMENT CO LLC 0.25% of their portfolio LOUISVILLE, KY 85,52485.5k $2.3m $2.3m 0.25% Unchanged
30 Swiss National Bank 0.00% of their portfolio ZURICH, V8 84,50084.5k $2.3m $2.3m 0.00% Reduced -15.5k -15,500
31 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 81,67981.7k $2.2m $2.2m 0.00% New
32 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 77,36177.4k $2.1m $2.1m 0.00% Added +414 +414
33 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 74,01374.0k $2.0m $2.0m 0.00% Reduced -18 -18
34 UBS Group AG 0.00% of their portfolio ZURICH, V8 71,55371.6k $2.0m $2.0m 0.00% Added +20.2k +20,155
35 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 71,26271.3k $1.9m $1.9m 0.00% New
36 Pitcairn Wealth Advisors LLC 0.21% of their portfolio CONSHOHOCKEN, PA 68,53468.5k $1.9m $1.9m 0.21% Added +1.1k +1,074
37 KING LUTHER CAPITAL MANAGEMENT CORP 0.01% of their portfolio FORT WORTH, TX 66,50066.5k $1.8m $1.8m 0.01% Unchanged
38 VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio London, EC4N 8AF, X0 59,80559.8k $1.6m $1.6m 0.00% Reduced -8.2k -8,231
39 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 58,97859.0k $1.6m $1.6m 0.00% Added +2.2k +2,156
40 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 58,07658.1k $1.6m $1.6m 0.00% Reduced -4.8k -4,800
41 Mariner, LLC 0.00% of their portfolio Overland Park, KS 55,35955.4k $1.5m $1.5m 0.00% Added +761 +761
42 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 55,24555.2k $1.5m $1.5m 0.00% Added +38.8k +38,833
43 Ethic Inc. 0.02% of their portfolio NEW YORK, NY 49,23749.2k $1.3m $1.3m 0.02% Reduced -37.4k -37,400
44 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 48,12148.1k $1.3m $1.3m 0.00% Added +6.4k +6,416
45 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 46,74146.7k $1.3m $1.3m 0.00% Reduced -1.3k -1,325
46 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 46,41546.4k $1.3m $1.3m 0.00% Reduced -5.4k -5,382
47 TCV Trust & Wealth Management, Inc. 0.09% of their portfolio RICHMOND, VA 45,40045.4k $1.2m $1.2m 0.09% Unchanged
48 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 44,87544.9k $1.3m $1.3m 0.00% Reduced -3.3k -3,335
49 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 44,57044.6k $1.2m $1.2m 0.00% Reduced -2.4k -2,415
50 OCCUDO QUANTITATIVE STRATEGIES LP 0.06% of their portfolio FORT LAUDERDALE, FL 44,35044.4k $1.2m $1.2m 0.06% Added +31.0k +31,011
51 Legal & General Group Plc 0.00% of their portfolio London, X0 40,69240.7k $1.1m $1.1m 0.00% Reduced -5.5k -5,459
52 Aristides Capital LLC 0.28% of their portfolio LOUISVILLE, KY 40,61040.6k $1.1m $1.1m 0.28% Unchanged
53 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 39,27139.3k $1.1m $1.1m 0.00% Reduced -1.9k -1,916
54 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 36,35836.4k $994.7k $994.7k 0.00% Added +7.1k +7,109
55 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 36,00036.0k $985.0k $985.0k 0.00% Unchanged
56 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 35,17235.2k $962.3k $962.3k 0.00% Added +5.9k +5,948
57 Williams Jones Wealth Management, LLC. 0.01% of their portfolio NEW YORK, NY 32,30032.3k $883.7k $883.7k 0.01% Unchanged
58 SCHULHOFF & CO INC 0.35% of their portfolio CINCINNATI, OH 32,25032.2k $882.4k $882.4k 0.35% Unchanged
59 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 32,23632.2k $882.0k $882.0k 0.00% Added +3.2k +3,226
60 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 31,48831.5k $861.8k $861.8k 0.00% New
61 Boston Trust Walden Corp 0.01% of their portfolio BOSTON, MA 30,10030.1k $823.5k $823.5k 0.01% Reduced -300 -300
62 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 27,13527.1k $742.4k $742.4k 0.00% Added +2.0k +1,988
63 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 26,56726.6k $726.9k $726.9k 0.00% Added +1.6k +1,596
64 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 26,46226.5k $724.0k $724.0k 0.00% Added +1.7k +1,727
65 Summit Trail Advisors, LLC 0.01% of their portfolio NEW YORK, NY 26,22226.2k $717.4k $717.4k 0.01% Reduced -718 -718
66 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 25,95226.0k $710.0k $710.0k 0.00% Unchanged
67 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 25,36625.4k $694.0k $694.0k 0.00% Added +8.2k +8,187
68 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 24,08924.1k $659.1k $659.1k 0.00% Reduced -884 -884
69 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 23,53423.5k $643.9k $643.9k 0.00% Added +934 +934
70 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 23,19323.2k $634.6k $634.6k 0.00% Added +2.4k +2,381
71 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 22,42722.4k $618.8k $618.8k 0.00% Added +10.8k +10,799
72 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 21,59521.6k $590.8k $590.8k 0.00% Added +5.0k +5,009
73 FMR LLC 0.00% of their portfolio BOSTON, MA 20,40820.4k $558.4k $558.4k 0.00% Reduced -1.5k -1,470
74 Atlas Brown,Inc. 0.15% of their portfolio LOUISVILLE, KY 20,35120.4k $556.8k $556.8k 0.15% Unchanged
75 HUB Investment Partners, LLC 0.01% of their portfolio AUSTIN, TX 20,12520.1k $550.6k $550.6k 0.01% Added +1.5k +1,468
76 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 20,11120.1k $550.2k $550.2k 0.00% Added +12.7k +12,732
77 DAYMARK WEALTH PARTNERS, LLC 0.01% of their portfolio CINCINNATI, OH 20,09420.1k $549.8k $549.8k 0.01% Added +22 +22
78 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 19,57519.6k $535.6k $535.6k 0.00% Reduced -930 -930
79 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 18,75418.8k $511.0k $511.0k 0.00% Reduced -1.1k -1,125
80 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 18,73918.7k $512.7k $512.7k 0.00% Added +55 +55
81 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 18,67518.7k $511.0k $511.0k 0.00% Added +16 +16
82 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 18,58318.6k $508.4k $508.4k 0.01% Reduced -22.3k -22,333
83 Treasurer of the State of North Carolina 0.00% of their portfolio RALEIGH, NC 18,30618.3k $501.0k $501.0k 0.00% Reduced -360 -360
84 PARTHENON LLC 0.05% of their portfolio LOUISVILLE, KY 18,20018.2k $498.0k $498.0k 0.05% Unchanged
85 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 18,15518.2k $495.3k $495.3k 0.00% Added +5.3k +5,311
86 PRIVATE TRUST CO NA 0.04% of their portfolio CLEVELAND, OH 18,04718.0k $493.8k $493.8k 0.04% Unchanged
87 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 17,43217.4k $476.9k $476.9k 0.00% Unchanged
88 Frec Markets, Inc. 0.04% of their portfolio SAN FRANCISCO, CA 16,46016.5k $450.3k $450.3k 0.04% New
89 Kennon-Green & Company, LLC 0.35% of their portfolio NEW ALBANY, OH 16,39416.4k $448.5k $448.5k 0.35% Added +4.3k +4,303
90 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 16,27116.3k $445.2k $445.2k 0.00% Added +3.4k +3,434
91 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 14,75014.8k $403.6k $403.6k 0.00% Added +93 +93
92 Jupiter Topco LLC 0.00% of their portfolio NEW YORK, NY 14,70014.7k $401.1k $401.1k 0.00% First filing
93 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio CINCINNATI, OH 14,18014.2k $391.2k $391.2k 0.00% Unchanged
94 Amundi 0.00% of their portfolio Paris, I0 13,26413.3k $362.9k $362.9k 0.00% Added +5.7k +5,663
95 1832 Asset Management L.P. 0.00% of their portfolio TORONTO, A6 13,20013.2k $361.2k $361.2k 0.00% Unchanged
96 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 12,65612.7k $346.3k $346.3k 0.00% Reduced -207 -207
97 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 12,56512.6k $343.8k $343.8k 0.00% New
98 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 12,48212.5k $341.5k $341.5k 0.00% New
99 OSSIAM 0.00% of their portfolio PARIS, I0 12,32212.3k $337.1k $337.1k 0.00% New
100 TOBAM 0.08% of their portfolio PARIS, I0 12,29812.3k $336.0k $336.0k 0.08% New