- Quarter end
- 30 Jun 2025
- the date the book describes
- Filed
- 27 Oct 2026
- latest of these filings; the earliest 1 Aug 2025
- Managers listing it
- 13
- at least, of 95 tracked, among listed positions
- Comparable managers
- 95
- filed both Q1 2025 and Q2 2025; 12 listed it in both
- Shares listed
- 176,046,172
- combined, among listed positions
- Reported value
- $10.9bn
- combined, at the quarter end
Among the 95 comparable managers: 6 buyers (opened or added shares) and 6 sellers (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.
Managers listing BN in Q2 2025
13 of 13 holders
What managers have written about BN
Shown because the letter names the company. A letter is commentary; it is not a record of why a position changed.
By writers not tracked in the 13F universe
- Brookfield Asset Management's 2008 letter to shareholders · Brookfield Asset Management · 13 Feb 2009 · The writer’s own company
Their positions are not shown: no 13F filings of theirs are tracked here.
Largest increases and reductions, by shares
Increases
- Lone Pine Capital LLCnew position · 5,621,385 shares now+5,621,385
- Capital World Investorsexisting position · 66,689,577 shares now+1,346,298
- Third Point LLCexisting position · 4,675,000 shares now+435,000
- Pershing Square Capital Management LPexisting position · 41,160,397 shares now+155,740
- Akre Capital Management LLCexisting position · 19,219,290 shares now+125,269
Reductions
- Soroban Capital Partners LPexisting position · 7,534,534 shares now-1,581,837
- Fidelity (FMR LLC)existing position · 8,823,540 shares now-655,027
- Bridgewater Associates LPexisting position · 510,755 shares now-61,040
- Baillie Gifford & Coexisting position · 4,764,393 shares now-51,689
- Neuberger Berman Group LLCexisting position · 4,904,047 shares now-49,430
New positions and exits
New (1)
Exited (0)
No exit shown by a manager’s own filing.
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q4 2022 | 12 | $2.8bn | n.a. | n.a. |
| Q1 2023 | 10 | $2.3bn | n.a. | n.a. |
| Q2 2023 | 11 | $2.5bn | n.a. | n.a. |
| Q3 2023 | 8 | $2.2bn | n.a. | n.a. |
| Q4 2023 | 9 | $4.5bn | 4 | 4 |
| Q1 2024 | 11 | $4.6bn | 7 | 2 |
| Q2 2024 | 11 | $4.9bn | 7 | 3 |
| Q3 2024 | 13 | $8.1bn | 5 | 8 |
| Q4 2024 | 13 | $9.2bn | 7 | 5 |
| Q1 2025 | 13 | $8.9bn | 7 | 5 |
| Q2 2025 | 13 | $10.9bn | 6 | 6 |
| Q3 2025 | 15 | $12.5bn | 6 | 7 |
| Q4 2025 | 15 | $14.2bn | 26 | 7 |
| Q1 2026 | 14 | $11.1bn | 21 | 13 |
| Q2 2026 | 15 | $10.7bn | 16 | 21 |
Compare with…
Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.
BN and WELL →BN and EQIX →BN and PLD →Choose a stock to compare with BN →
How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.
Which funds own BN, latest filings →Back to the 13F Explorer →