- Quarter end
- 31 Dec 2025
- the date the book describes
- Filed
- 27 Oct 2026
- latest of these filings; the earliest 22 Jan 2026
- Managers listing it
- 29
- at least, of 95 tracked, among listed positions
- Comparable managers
- 92
- filed both Q3 2025 and Q4 2025; 15 listed it in both
- Shares listed
- 315,244,877
- combined, among listed positions
- Reported value
- $14.5bn
- combined, at the quarter end
Among the 92 comparable managers: 26 buyers (opened or added shares) and 7 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +124,983,849.
Managers listing BN in Q4 2025
29 of 29 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
- Dodge & Coxnew position · 41,280,320 shares now+41,280,320
- Capital World Investorsexisting position · 99,069,016 shares now+30,755,354
- Pershing Square Capital Management LPexisting position · 61,403,089 shares now+20,382,858
- Akre Capital Management LLCexisting position · 26,843,633 shares now+7,627,692
- Lone Pine Capital LLCexisting position · 15,923,360 shares now+5,742,012
Reductions
- Voloridge Investment Management LLCexisting position · 230,427 shares now-170,328
- Acadian Asset Management LLCexisting position · 59,779 shares now-22,472
- Two Sigma Advisers LPexisting position · 26,050 shares now-9,850
New positions and exits
New (5)
- Dodge & Cox$1.9bn
- Millennium Management LLC$8.4m
- ExodusPoint Capital Management LP$4.5m
- Tudor Investment Corp$1.0m
- Man Group PLC$954k
Exited (4)
- Squarepoint Ops LLCwas $2.8m
- Balyasny Asset Management LLCwas $1.9m
- Verition Fund Management LLCwas $1.0m
- Susquehanna International Group LLPwas $230k
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 →