- Quarter end
- 31 Dec 2023
- the date the book describes
- Filed
- 5 Nov 2026
- latest of these filings; the earliest 26 Jan 2024
- Managers listing it
- 9
- at least, of 95 tracked, among listed positions
- Comparable managers
- 93
- filed both Q3 2023 and Q4 2023; 8 listed it in both
- Shares listed
- 113,096,239
- combined, among listed positions
- Reported value
- $4.5bn
- combined, at the quarter end
Among the 93 comparable managers: 4 buyers (opened or added shares) and 4 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 Q4 2023
9 of 9 holders
| Action | Filing | |||||
|---|---|---|---|---|---|---|
| Capital World Investors | 49,424,522 | $2.0bn | 0.35% | Added | +24,975,364 | 13 Feb 2024 (the filing on sec.gov) |
| Akre Capital Management LLC | 18,053,491 | $724m | 6.09% | Trimmed | -91,160 | 9 Feb 2024 (the filing on sec.gov) |
| Fidelity (FMR LLC) | 10,697,595 | $429m | under 0.1% | Added | n.a. | 5 Nov 2026 (the filing on sec.gov) |
| Soroban Capital Partners LP | 10,060,586 | $404m | 4.99% | Added | +7,373,993 | 14 Feb 2024 (the filing on sec.gov) |
| Markel Group Inc | 8,715,741 | $350m | 3.80% | Held | 0 | 2 Feb 2024 (the filing on sec.gov) |
| Neuberger Berman Group LLC | 6,905,784 | $277m | 0.24% | Trimmed | -865,824 | 14 Nov 2024 (the filing on sec.gov) |
| Invesco Ltd | 6,238,979 | $250m | 0.06% | Trimmed | -681,157 | 13 Feb 2024 (the filing on sec.gov) |
| MFS Investment Management | 2,757,045 | $111m | under 0.1% | Added | +9,232 | 8 Feb 2024 (the filing on sec.gov) |
| Baillie Gifford & Co | 242,496 | $9.7m | under 0.1% | Trimmed | -16,038 | 26 Jan 2024 (the filing on sec.gov) |
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
- Capital World Investorsexisting position · 49,424,522 shares now+24,975,364
- Soroban Capital Partners LPexisting position · 10,060,586 shares now+7,373,993
- MFS Investment Managementexisting position · 2,757,045 shares now+9,232
Reductions
- Neuberger Berman Group LLCexisting position · 6,905,784 shares now-865,824
- Invesco Ltdexisting position · 6,238,979 shares now-681,157
- Akre Capital Management LLCexisting position · 18,053,491 shares now-91,160
- Baillie Gifford & Coexisting position · 242,496 shares now-16,038
New positions and exits
New (0)
No new position among listed positions.
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 →