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Which funds own BF-B

Brown Forman Corp in the Q2 2026 filings. At least 2 of the 91 current managers on file reported a position, worth $16m between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.

Managers holding: 2; at least, of 91 current
Combined value: $16m; as reported
Opened: 1; new this quarter
Added to: 0; already held
Trimmed or sold out: 2; 2 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Managers reporting a position

Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.

Manager	Value	Weight	Shares	Change on the quarter	Action
Markel Group Inc Activist · $13.1bn book	$13m	0.1%	474,187	+$100k0	Held
Maverick Capital Ltd Long/short equity · $11.3bn book	$3.0m	0.0%	114,286	opened114,286	New

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

Arrowstreet Capital LP · Quantitative$12m held before
Man Group PLC · Quantitative$3.4m held before

Ownership through time

At least 5 of the 95 managers whose filings are on file listed BF-B in Q2 2026, against 6 in Q2 2013. The same number as in Q1 2026: 2 started positions; 1 listed it again; 3 no longer listed it among the positions read, which can mean a holding below the listed range, a filing that reported no holdings, or a filing not yet made.

Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.

Started in Q2 2026

Maverick Capital Ltd$3.0m
Quantbot Technologies LP$1.5m

Largest increases, by shares

Maverick Capital Ltdnew: 114,286 shares+$3.0m
Quantbot Technologies LPnew: 56,032 shares+$1.5m
MFS Investment Management3,492,779 to 3,530,345 shares+$1.0m

Largest decreases, by shares

No manager on file sold part of it.

Left it

No manager on file is shown leaving it.

Manager	First listed	Largest	Q2 2026
MFS Investment Management	Q3 2025	$94m	$94m
Markel Group Inc	Q2 2013	$38m	$13m
ExodusPoint Capital Management LP	Q2 2020	$25m	$11m
Maverick Capital Ltd	Q2 2019	$7.5m	$3.0m
Quantbot Technologies LP	Q3 2013	$6.4m	$1.5m
Fidelity (FMR LLC)	Q3 2025	$669m	last listed Q4 2025
Invesco Ltd	Q4 2015	$235m	last listed Q3 2023
Wellington Management Group LLP	Q2 2024	$192m	last listed Q1 2025
Janus Henderson Group Ltd	Q1 2014	$174m	last listed Q1 2024
Millennium Management LLC	Q2 2016	$131m	last listed Q3 2024
Baillie Gifford & Co	Q2 2013	$116m	last listed Q3 2017
D. E. Shaw & Co.	Q2 2016	$83m	last listed Q4 2025
Citadel Advisors LLC	Q1 2019	$79m	last listed Q1 2019
Bridgewater Associates LP	Q1 2015	$71m	last listed Q4 2024
Man Group PLC	Q2 2018	$63m	last listed Q4 2024

What BF-B is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

Build the comp set around BF-B →

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.

What to do with a name the funds are buying

Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.

Comps ExplorerValue it against the peers it trades beside Every managerRead any of these books in full Deal tapeWhat buyers paid for whole companies, not slices Hedge fund interviewsHow the room runs, and the stock pitch it wants

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The holdings, every quarter, and the week between

One email a week on what moved in the market and what it means for the people interviewing into it, with the 13F changes the quarter they are filed.

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