Brown Forman Inc (BF/B) is held by institutional investors who disclose positions via SEC 13F filings. View the full list of institutional holders on HoldingsIntel.

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HoldingsIntel tracks quarter-over-quarter changes in institutional positions for Brown Forman Inc, showing new buyers, position increases, decreases, and exits with conviction-weighted sentiment.

What is the Smart Money Verdict on BF/B?

The Smart Money Verdict combines four independent signals (institutional 13F activity, insider trades, activist filings, and congressional trades) into a single assessment for Brown Forman Inc.

Is institutional money flowing into BF/B?

243 institutional investors hold Brown Forman Inc (BF/B). View detailed buyer/seller breakdown on HoldingsIntel.

What do hedge funds think about BF/B?

Track institutional sentiment and conviction scores for Brown Forman Inc (BF/B) including Smart Money Verdict and position changes on HoldingsIntel.

Brown Forman Inc

BF-B·115637209·US·equity·Consumer Defensive - Beverages - Wineries & Distilleries-13D/G

CL B

BF/B (Brown Forman Inc) is held by 243 institutional investors as of Q4 2025. Largest holders: VANGUARD GROUP INC ($789.5M), FMR LLC ($668.5M), BlackRock, Inc. ($378.2M). Net institutional sentiment: Mixed.

243

Holders

Avg rating(17 Elite)

$4.7B

Total Value

43% (260)

Fund Consensus

105 buying - 140 selling

Smart Money VerdictView all

53Mixed MomentumSplit Signals

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See how BF/B's score breaks down across 4 SEC sources

Held by 243 funds

17 elite

Who's Trading

ActivistFMR LLC8.7%Feb 5, 2026

Activist

13F: Dec 31, 2025Insider & Congress: Updated regularly

Fund	Action	Shares	Value	Weight	Est. P&L	Conviction
VANGUARD GROUP INC	Decreased	30.3M(-1.3%)	$789.5M	0.0%	—	0
FMR LLC	Increased	25.7M(+12.8%)	$668.5M	0.0%	—	36
BlackRock, Inc.	Decreased	14.5M(-0.6%)	$378.2M	0.0%	—	0
STATE STREET CORP	Decreased	11.3M(-2.5%)	$296.3M	0.0%	—	0
Invesco Ltd.	Decreased	6.5M(-7.2%)	$170.6M	0.0%	—	0
ProShare Advisors LLC	Increased	5.7M(+4.9%)	$147.9M	0.3%	—	38
MORGAN STANLEY	Decreased	5.4M(-8.9%)	$140.8M	0.0%	—	0
GEODE CAPITAL MANAGEMENT, LLC	Decreased	5.4M(-1.8%)	$140M	0.0%	—	0
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	Increased	5.1M(+4.3%)	$131.9M	0.0%	—	32
GOLDMAN SACHS GROUP INC	Increased	5M(+78.9%)	$130.9M	0.0%	—	46
UBS Group AG	Increased	4.5M(+27.1%)	$116.4M	0.0%	—	37
D. E. Shaw & Co., Inc.	Increased	3.2M(+21.5%)	$83.5M	0.0%	—	36
Bank of New York Mellon Corp	Increased	3M(+49.6%)	$77.3M	0.0%	—	41
BANK OF AMERICA CORP /DE/	Decreased	2.9M(-55.0%)	$75.1M	0.0%	—	0
WELLS FARGO & COMPANY/MN	Decreased	2.6M(-14.2%)	$67.2M	0.0%	—	0
WELLINGTON MANAGEMENT GROUP LLP	Increased	2.5M(+0.1%)	$66M	0.0%	—	29
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	Decreased	2.3M(-4.1%)	$61M	0.0%	—	0
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	Decreased	2.3M(-1.1%)	$59.4M	0.0%	—	0
DIMENSIONAL FUND ADVISORS LP	Increased	2.1M(+11.5%)	$54.1M	0.0%	—	33
NORTHERN TRUST CORP	Decreased	2M(-1.5%)	$53M	0.0%	—	0
M&T BANK CORP	Decreased	9,715(-40.5%)	$52M	0.2%	—	0
CITIGROUP INC	Increased	1.8M(+7.6%)	$46.5M	0.0%	—	31
Alecta Tjanstepension Omsesidigt	Unchanged	1.6M	$41.7M	0.2%	—	0
DEUTSCHE BANK AG\	Decreased	1.6M(-15.3%)	$40.9M	0.0%	—	0
NOMURA ASSET MANAGEMENT CO LTD	Increased	1.4M(+4.1%)	$35.4M	0.1%	—	30
Grantham, Mayo, Van Otterloo & Co. LLC	Decreased	1.3M(-0.7%)	$34.9M	0.1%	—	0
JPMORGAN CHASE & CO	Increased	1.3M(+12.8%)	$34.9M	0.0%	—	33
LONDON CO OF VIRGINIA	Decreased	1.2M(-7.7%)	$30.8M	0.2%	—	0
Legal & General Group Plc	Decreased	895,454(-41.5%)	$23.3M	0.0%	—	0
GARDNER RUSSO & QUINN LLC	Decreased	708,179(-7.5%)	$18.5M	0.2%	—	0
Amundi	Increased	661,636(+8.8%)	$17.2M	0.0%	—	31
VICTORY CAPITAL MANAGEMENT INC	Decreased	644,677(-0.7%)	$16.8M	0.0%	—	0
Cerity Partners LLC	Decreased	605,927(-0.2%)	$15.8M	0.0%	—	0
ENVESTNET ASSET MANAGEMENT INC	Decreased	563,209(-12.2%)	$14.7M	0.0%	—	0
PNC FINANCIAL SERVICES GROUP, INC.	Increased	552,174(+1.7%)	$14.4M	0.0%	—	28
Mitsubishi UFJ Asset Management Co., Ltd.	Decreased	534,626(-1.3%)	$14M	0.0%	—	0
MATHER GROUP, LLC.	Increased	520,393(+9.9%)	$13.6M	0.1%	—	37
Sumitomo Mitsui Trust Group, Inc.	Decreased	516,732(-0.1%)	$13.5M	0.0%	—	0
FIRST TRUST ADVISORS LP	Decreased	497,280(-40.3%)	$13M	0.0%	—	0
Swiss National Bank	Decreased	496,318(-5.5%)	$12.9M	0.0%	—	0
ROYAL BANK OF CANADA	Decreased	491,351(-39.1%)	$12.8M	0.0%	—	0
MARKEL GROUP INC.	Unchanged	474,187	$12.4M	0.1%	—	0
BARCLAYS PLC	Decreased	454,349(-21.2%)	$11.8M	0.0%	—	0
RAYMOND JAMES FINANCIAL INC	Decreased	438,575(-21.5%)	$11.4M	0.0%	—	0
RHUMBLINE ADVISERS	Decreased	437,289(-18.8%)	$11.4M	0.0%	—	0
Nuveen, LLC	Decreased	390,190(-5.8%)	$10.2M	0.0%	—	0
BNP PARIBAS FINANCIAL MARKETS	Decreased	366,446(-33.9%)	$9.5M	0.0%	—	0
STIFEL FINANCIAL CORP	Decreased	362,574(-11.5%)	$9.4M	0.0%	—	0
CITADEL ADVISORS LLC	Decreased	352,681(-79.4%)	$9.2M	0.0%	—	0
LAZARD ASSET MANAGEMENT LLC	Increased	352,133(+2.3%)	$9.2M	0.0%	—	28
STATE OF WISCONSIN INVESTMENT BOARD	Decreased	350,497(-12.0%)	$9.1M	0.0%	—	0
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	Decreased	336,294(-0.6%)	$8.8M	0.0%	—	0
Point72 Asset Management, L.P.	New	334,904	$8.7M	0.0%	—	38
HSBC HOLDINGS PLC	Decreased	329,735(-17.9%)	$8.6M	0.0%	—	0
Mariner, LLC	Increased	323,658(+3.3%)	$8.4M	0.0%	—	28
BANK OF MONTREAL /CAN/	Increased	311,538(+5.3%)	$8.1M	0.0%	—	29
Quantinno Capital Management LP	Decreased	295,015(-9.5%)	$7.7M	0.0%	—	0
Baird Financial Group, Inc.	Decreased	283,295(-63.5%)	$7.4M	0.0%	—	0
AQR CAPITAL MANAGEMENT LLC	Increased	261,332(+346.8%)	$6.8M	0.0%	—	44
PRINCIPAL FINANCIAL GROUP INC	Increased	235,847(+2.6%)	$6.1M	0.0%	—	28
GUGGENHEIM CAPITAL LLC	Decreased	220,086(-2.0%)	$5.7M	0.0%	—	0
Gotham Asset Management, LLC	Decreased	215,586(-43.0%)	$5.6M	0.0%	—	0
XTX Topco Ltd	New	210,755	$5.5M	0.1%	—	45
ALLIANCEBERNSTEIN L.P.	Decreased	207,614(-23.5%)	$5.4M	0.0%	—	0
YOUSIF CAPITAL MANAGEMENT, LLC	Decreased	194,477(-3.3%)	$5.3M	0.1%	—	0
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	Decreased	192,081(-6.4%)	$5M	0.0%	—	0
AVIVA PLC	Increased	189,259(+31.0%)	$4.9M	0.0%	—	34
BENJAMIN EDWARDS INC	Decreased	181,093(-14.4%)	$4.7M	0.1%	—	0
WORLDQUANT MILLENNIUM ADVISORS LLC	Decreased	175,902(-64.2%)	$4.6M	0.0%	—	0
Russell Investments Group, Ltd.	Increased	172,055(+13.2%)	$4.5M	0.0%	—	30
Mitsubishi UFJ Trust & Banking Corp	Increased	171,200(+96.6%)	$4.5M	0.0%	—	43
Cresset Asset Management, LLC	Decreased	163,109(-18.3%)	$4.3M	0.0%	—	0
Trexquant Investment LP	Increased	164,470(+145.5%)	$4.3M	0.0%	—	43
MANUFACTURERS LIFE INSURANCE COMPANY, THE	Decreased	164,193(-11.7%)	$4.3M	0.0%	—	0
ADAGE CAPITAL PARTNERS GP, L.L.C.	Decreased	158,932(-0.9%)	$4.1M	0.0%	—	0
Universal- Beteiligungs- und Servicegesellschaft mbH	Decreased	149,593(-44.1%)	$3.9M	0.0%	—	0
LPL Financial LLC	Decreased	148,096(-10.9%)	$3.9M	0.0%	—	0
PFA Pension, Forsikringsaktieselskab	New	138,482	$3.6M	0.0%	—	37
WHITTIER TRUST CO	Unchanged	138,891	$3.6M	0.0%	—	0
Freestone Grove Partners LP	New	132,164	$3.4M	0.0%	—	37
APG Asset Management N.V.	Decreased	151,291(-12.3%)	$3.4M	0.0%	—	0
Resona Asset Management Co.,Ltd.	Increased	127,546(+3.9%)	$3.3M	0.0%	—	28
Creative Planning	Increased	126,754(+40.7%)	$3.3M	0.0%	—	35
Neuberger Berman Group LLC	Increased	123,528(+17.4%)	$3.2M	0.0%	—	31
AMERIPRISE FINANCIAL INC	Decreased	117,987(-39.1%)	$3.1M	0.0%	—	0
Assenagon Asset Management S.A.	New	117,170	$3.1M	0.0%	—	37
Zurcher Kantonalbank (Zurich Cantonalbank)	Decreased	115,078(-41.8%)	$3M	0.0%	—	0
VOLORIDGE INVESTMENT MANAGEMENT, LLC	Decreased	113,541(-74.6%)	$3M	0.0%	—	0
COMMONWEALTH EQUITY SERVICES, LLC	Increased	109,754(+10.5%)	$2.9M	0.0%	—	29
Aberdeen Group plc	Decreased	108,898(-12.2%)	$2.8M	0.0%	—	0
BROWN ADVISORY INC	Decreased	108,694(-11.5%)	$2.8M	0.0%	—	0
HighTower Advisors, LLC	Decreased	106,965(-4.3%)	$2.8M	0.0%	—	0
AMERICAN CENTURY COMPANIES INC	Increased	95,657(+32.4%)	$2.5M	0.0%	—	33
Chevy Chase Trust Holdings, LLC	Increased	91,995(+2.4%)	$2.4M	0.0%	—	27
PRUDENTIAL FINANCIAL INC	Decreased	91,233(-16.2%)	$2.4M	0.0%	—	0
NISA INVESTMENT ADVISORS, LLC	Decreased	85,961(-17.5%)	$2.3M	0.0%	—	0
JANUS HENDERSON GROUP PLC	Increased	86,124(+392.4%)	$2.2M	0.0%	—	42
Pictet Asset Management Holding SA	Increased	84,023(+0.6%)	$2.2M	0.0%	—	26
Korea Investment CORP	Decreased	82,866(-0.7%)	$2.2M	0.0%	—	0
Asset Management One Co., Ltd.	Decreased	82,074(-2.2%)	$2.1M	0.0%	—	0
SEI INVESTMENTS CO	Increased	80,590(+26.1%)	$2.1M	0.0%	—	32
State of New Jersey Common Pension Fund D	Increased	77,893(+11.6%)	$2M	0.0%	—	29
TWO SIGMA INVESTMENTS, LP	Increased	77,643(+173.3%)	$2M	0.0%	—	42
ROYAL LONDON ASSET MANAGEMENT LTD	Unchanged	75,852	$2M	0.0%	—	0
NEW YORK STATE COMMON RETIREMENT FUND	Unchanged	75,170	$2M	0.0%	—	0
PRUDENTIAL PLC	Unchanged	74,393	$1.9M	0.0%	—	0
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	Decreased	73,079(-38.1%)	$1.9M	0.0%	—	0
Pathstone Holdings, LLC	Increased	69,756(+8.8%)	$1.8M	0.0%	—	28
Mirae Asset Global Investments Co., Ltd.	Increased	66,976(+14.4%)	$1.7M	0.0%	—	29
CIBC WORLD MARKETS CORP	Increased	64,402(+181.0%)	$1.7M	0.0%	—	41
FRANKLIN RESOURCES INC	Increased	63,365(+129.6%)	$1.7M	0.0%	—	41
Jefferies Financial Group Inc.	Increased	60,529(+166.7%)	$1.6M	0.0%	—	41
TORONTO DOMINION BANK	Decreased	60,268(-8.4%)	$1.6M	0.0%	—	0
Lansforsakringar Fondforvaltning AB (publ)	Unchanged	56,420	$1.5M	0.0%	—	0
SUSQUEHANNA INTERNATIONAL GROUP, LLP	Decreased	55,343(-51.6%)	$1.4M	0.0%	—	0
TD ASSET MANAGEMENT INC	Increased	55,305(+2.5%)	$1.4M	0.0%	—	26
NATIONAL BANK OF CANADA /FI/	Increased	54,579(+112.1%)	$1.4M	0.0%	—	41
Schonfeld Strategic Advisors LLC	Decreased	54,491(-66.8%)	$1.4M	0.0%	—	0
Rathbones Group PLC	Decreased	52,599(-0.6%)	$1.4M	0.0%	—	0
UniSuper Management Pty Ltd	Decreased	51,881(-16.7%)	$1.4M	0.0%	—	0
CIBC Asset Management Inc	Increased	50,082(+41.9%)	$1.3M	0.0%	—	34
Arizona State Retirement System	Decreased	49,956(-7.2%)	$1.3M	0.0%	—	0
DANSKE BANK A/S	Decreased	49,917(-5.5%)	$1.3M	0.0%	—	0
OSAIC HOLDINGS, INC.	Decreased	49,591(-20.9%)	$1.3M	0.0%	—	0
STATE OF MICHIGAN RETIREMENT SYSTEM	Decreased	47,181(-3.5%)	$1.2M	0.0%	—	0
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	Decreased	46,967(-3.2%)	$1.2M	0.0%	—	0
Czech National Bank	Increased	46,434(+3.8%)	$1.2M	0.0%	—	26
NATIXIS	Increased	44,983(+8.7%)	$1.2M	0.0%	—	27
COMERICA BANK	Decreased	42,690(-3.9%)	$1.1M	0.0%	—	0
US BANCORP \DE\	Decreased	41,994(-12.1%)	$1.1M	0.0%	—	0
MetLife Investment Management, LLC	Decreased	41,746(-3.4%)	$1.1M	0.0%	—	0
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	New	41,676	$1.1M	0.0%	—	35
Cetera Investment Advisers	Decreased	41,666(-13.6%)	$1.1M	0.0%	—	0
FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND	Decreased	41,536(-13.5%)	$1.1M	0.0%	—	0
Vanguard Personalized Indexing Management, LLC	Increased	41,462(+7.4%)	$1.1M	0.0%	—	27
CIBC WORLD MARKET INC.	Decreased	41,395(-8.8%)	$1.1M	0.0%	—	0
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS	Increased	40,960(+12.0%)	$1.1M	0.0%	—	28
DnB Asset Management AS	Unchanged	39,900	$1M	0.0%	—	0
MERCER GLOBAL ADVISORS INC /ADV	Increased	39,560(+38.2%)	$1M	0.0%	—	33
Corient Private Wealth LLC	Increased	38,767(+20.5%)	$1M	0.0%	—	30
Retirement Systems of Alabama	Decreased	37,460(-0.3%)	$976,208	0.0%	—	0
Federation des caisses Desjardins du Quebec	Increased	37,326(+47.6%)	$972,722	0.0%	—	34
Brevan Howard Capital Management LP	Decreased	37,040(-61.6%)	$965,262	0.0%	—	0
Swiss Life Asset Management Ltd	Increased	36,338(+1.4%)	$946,968	0.0%	—	25
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	Increased	36,144(+11.2%)	$941,912	0.0%	—	28
FIFTH THIRD BANCORP	Increased	35,020(+3.5%)	$912,621	0.0%	—	26
MARSHALL WACE, LLP	Decreased	33,700(-9.3%)	$878,222	0.0%	—	0
VOYA INVESTMENT MANAGEMENT LLC	Decreased	32,736(-6.7%)	$853,100	0.0%	—	0
MACKENZIE FINANCIAL CORP	Increased	32,013(+103.2%)	$841,244	0.0%	—	40
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp	Increased	32,277(+23.3%)	$841,139	0.0%	—	30
MML INVESTORS SERVICES, LLC	Decreased	32,175(-13.9%)	$838,476	0.0%	—	0
Williams Jones Wealth Management, LLC.	Decreased	31,073(-0.8%)	$809,762	0.0%	—	0
Tidal Investments LLC	Decreased	30,338(-38.1%)	$790,608	0.0%	—	0
Woodline Partners LP	Increased	30,157(+29.6%)	$785,891	0.0%	—	31
Steward Partners Investment Advisory, LLC	Decreased	29,209(-4.3%)	$761,182	0.0%	—	0
EP Wealth Advisors, LLC	Decreased	28,904(-36.2%)	$753,235	0.0%	—	0
Verition Fund Management LLC	Decreased	28,477(-57.4%)	$742,111	0.0%	—	0
NISSAY ASSET MANAGEMENT CORP /JAPAN	Decreased	28,277(-1.3%)	$736,899	0.0%	—	0
TRUIST FINANCIAL CORP	Decreased	28,034(-50.4%)	$730,570	0.0%	—	0
PICTON MAHONEY ASSET MANAGEMENT	New	27,294	$711,282	0.0%	—	34
ASSETMARK, INC	Increased	26,441(+113.4%)	$689,054	0.0%	—	40
&PARTNERS	Decreased	26,158(-7.7%)	$675,807	0.0%	—	0
Focus Partners Wealth	Increased	25,753(+203.3%)	$671,223	0.0%	—	40
Rakuten Investment Management, Inc.	Decreased	25,384(-96.5%)	$662,776	0.0%	—	0
BALYASNY ASSET MANAGEMENT L.P.	Increased	25,215(+14.3%)	$657,103	0.0%	—	28
GLENMEDE TRUST CO NA	Increased	25,027(+22.7%)	$652,202	0.0%	—	30
Sumitomo Mitsui DS Asset Management Company, Ltd	Increased	25,003(+11.2%)	$651,578	0.0%	—	27
NEW YORK LIFE INVESTMENT MANAGEMENT LLC	Increased	23,823(+1.0%)	$620,827	0.0%	—	25
Police & Firemen's Retirement System of New Jersey	Unchanged	23,698	$617,570	0.0%	—	0
XPONANCE LLC	Increased	22,912(+5.0%)	$597,087	0.0%	—	26
Sanctuary Advisors, LLC	Decreased	22,842(-14.2%)	$595,251	0.0%	—	0
PUBLIC SECTOR PENSION INVESTMENT BOARD	Increased	21,859(+51.8%)	$569,646	0.0%	—	34
Bridgewater Associates, LP	Increased	20,940(+1.8%)	$545,696	0.0%	—	25
State of Tennessee, Department of Treasury	Decreased	19,874(-2.6%)	$543,952	0.0%	—	0
Eurizon Capital SGR S.p.A.	New	20,039	$522,307	0.0%	—	33
Private Advisor Group, LLC	Decreased	19,979(-2.1%)	$520,646	0.0%	—	0
NewEdge Wealth, LLC	Increased	19,811(+25.3%)	$516,264	0.0%	—	30
Holocene Advisors, LP	New	19,284	$502,541	0.0%	—	33
MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC	Decreased	18,915(-0.9%)	$492,925	0.0%	—	0
GATEWAY INVESTMENT ADVISERS LLC	Increased	18,747(+149.8%)	$488,547	0.0%	—	39
CREDIT AGRICOLE S A	Increased	17,881(+38.8%)	$465,979	0.0%	—	32
CAPTRUST FINANCIAL ADVISORS	Decreased	17,854(-6.3%)	$465,276	0.0%	—	0
MILLENNIUM MANAGEMENT LLC	Decreased	17,719(-94.5%)	$461,757	0.0%	—	0
Allspring Global Investments Holdings, LLC	Increased	17,096(+0.4%)	$446,890	0.0%	—	24
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main	Decreased	16,760(-84.9%)	$436,766	0.0%	—	0
Orion Porfolio Solutions, LLC	Decreased	16,588(-23.8%)	$432,292	0.0%	—	0
NEOS Investment Management LLC	Increased	16,558(+24.4%)	$431,502	0.0%	—	29
BAHL & GAYNOR INC	Unchanged	16,382	$426,915	0.0%	—	0
CANADA PENSION PLAN INVESTMENT BOARD	Increased	16,210(+1620x)	$422,433	0.0%	—	39
Sequoia Financial Advisors, LLC	Increased	16,201(+94.0%)	$422,197	0.0%	—	38
UNITED CAPITAL FINANCIAL ADVISORS, LLC	Increased	16,147(+24.2%)	$420,799	0.0%	—	29
MACQUARIE GROUP LTD	Increased	15,292(+25.5%)	$398,509	0.0%	—	29
Pacer Advisors, Inc.	Decreased	14,933(-27.9%)	$389,154	0.0%	—	0
Boston Trust Walden Corp	Decreased	14,837(-0.8%)	$386,652	0.0%	—	0
Rafferty Asset Management, LLC	Decreased	14,747(-1.7%)	$384,307	0.0%	—	0
BLAIR WILLIAM & CO/IL	New	14,717	$383,523	0.0%	—	33
Engineers Gate Manager LP	Increased	14,544(+2.7%)	$379,017	0.0%	—	24
D.A. DAVIDSON & CO.	New	14,192	$369,844	0.0%	—	33
GAMCO INVESTORS, INC. ET AL	Increased	13,566(+2.0%)	$353,530	0.0%	—	24
NORDEA INVESTMENT MANAGEMENT AB	Increased	12,908(+0.3%)	$338,190	0.0%	—	24
BANK OF NOVA SCOTIA	Decreased	12,349(-43.7%)	$321,815	0.0%	—	0
MAI Capital Management	Decreased	12,320(-4.2%)	$321,054	0.0%	—	0
Wealthfront Advisers LLC	Decreased	12,070(-33.3%)	$314,544	0.0%	—	0
INTECH INVESTMENT MANAGEMENT LLC	Decreased	11,434(-41.7%)	$297,970	0.0%	—	0
1832 Asset Management L.P.	New	11,257	$293,357	0.0%	—	32
Lido Advisors, LLC	Increased	10,605(+0.9%)	$289,020	0.0%	—	23
NewEdge Advisors, LLC	Decreased	10,743(-12.7%)	$279,967	0.0%	—	0
OMERS ADMINISTRATION Corp	Unchanged	10,207	$265,994	0.0%	—	0
Walleye Capital LLC	Increased	9,878(+100.6%)	$257,421	0.0%	—	37
EXCHANGE TRADED CONCEPTS, LLC	Decreased	9,849(-40.6%)	$256,665	0.0%	—	0
Vident Advisory, LLC	Decreased	9,548(-52.0%)	$248,821	0.0%	—	0
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	Decreased	9,100(-3.0%)	$237,158	0.0%	—	0
DAVENPORT & Co LLC	Decreased	8,754(-6.1%)	$228,139	0.0%	—	0
Swedbank AB	Unchanged	8,511	$221,797	0.0%	—	0
Empowered Funds, LLC	Decreased	8,151(-7.4%)	$212,416	0.0%	—	0
Kestra Advisory Services, LLC	New	8,122	$211,668	0.0%	—	32
Allianz Asset Management GmbH	Decreased	8,018(-36.1%)	$208,949	0.0%	—	0
Man Group plc	Decreased	7,913(-98.4%)	$206,213	0.0%	—	0
Utah Retirement Systems	Unchanged	7,807	$203,450	0.0%	—	0
Merit Financial Group, LLC	New	7,763	$202,304	0.0%	—	32
RWA WEALTH PARTNERS, LLC	Unchanged	7,697	$200,584	0.0%	—	0
SIMPLEX TRADING, LLC	Decreased	7,115(-42.4%)	$185,416	0.0%	—	0
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	Decreased	6,961(-0.1%)	$181,404	0.0%	—	0
JONES FINANCIAL COMPANIES LLLP	Increased	6,455(+3.6%)	$168,219	0.0%	—	23
GROUP ONE TRADING LLC	New	6,438	$167,774	0.0%	—	31
AE Wealth Management LLC	New	5,469	$142,528	0.0%	—	31
Rockefeller Capital Management L.P.	Decreased	4,579(-25.1%)	$119,342	0.0%	—	0
Farther Finance Advisors, LLC	Increased	4,131(+2.4%)	$107,666	0.0%	—	22
Allworth Financial LP	Decreased	3,614(-2.9%)	$94,184	0.0%	—	0
BROWN BROTHERS HARRIMAN & CO	Decreased	3,567(-21.6%)	$92,956	0.0%	—	0
STRS OHIO	Increased	3,538(+0.2%)	$92,200	0.0%	—	22
CIBC Private Wealth Group LLC	Increased	3,299(+2.9%)	$85,972	0.0%	—	22
HUNTINGTON NATIONAL BANK	Increased	2,806(+30.1%)	$73,124	0.0%	—	27
Walleye Trading LLC	Decreased	2,707(-91.0%)	$70,544	0.0%	—	0
LOS ANGELES CAPITAL MANAGEMENT LLC	New	1,327	$35,391	0.0%	—	27
CULLEN/FROST BANKERS, INC.	Increased	1,102(+3.6%)	$28,718	0.0%	—	20
FEDERATED HERMES, INC.	Decreased	875(-0.2%)	$22,802	0.0%	—	0
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	Decreased	799(-82.1%)	$21,389	0.0%	—	0
TD Waterhouse Canada Inc.	Unchanged	562	$14,651	0.0%	—	0
PRICE T ROWE ASSOCIATES INC /MD/	Decreased	311,169(-2.1%)	$8,110	0.0%	—	0
BNP Paribas Asset Management Holding S.A.	Increased	63,321(+121.8%)	$1,652	0.0%	—	18
IFM Investors Pty Ltd	Increased	44,607(+0.2%)	$1,162	0.0%	—	11
JOHNSON INVESTMENT COUNSEL INC	Exited	0(-100.0%)	$207,409	0.0%	—	0
Integrated Wealth Concepts LLC	Exited	0(-100.0%)	$404,125	0.0%	—	0
ExodusPoint Capital Management, LP	Exited	0(-100.0%)	$451,803	0.0%	—	0
Squarepoint Ops LLC	Exited	0(-100.0%)	$6.8M	0.0%	—	0
JANE STREET GROUP, LLC	Exited	0(-100.0%)	$1.6M	0.0%	—	0
TEACHER RETIREMENT SYSTEM OF TEXAS	Exited	0(-100.0%)	$646,291	0.0%	—	0
Kovitz Investment Group Partners, LLC	Exited	0(-100.0%)	$296,011	0.0%	—	0
Wealthspire Advisors, LLC	Exited	0(-100.0%)	$4,746	0.0%	—	0
CAPSTONE INVESTMENT ADVISORS, LLC	Exited	0(-100.0%)	$621,242	0.0%	—	0
Robeco Institutional Asset Management B.V.	Exited	0(-100.0%)	$208,218	0.0%	—	0
Jain Global LLC	Exited	0(-100.0%)	$1.1M	0.0%	—	0
HRT FINANCIAL LP	Exited	0(-100.0%)	$5,028	0.0%	—	0
USS Investment Management Ltd	Exited	0(-100.0%)	$2.6M	0.0%	—	0
Erste Asset Management GmbH	Exited	0	$0	0.0%	—	0
Aptus Capital Advisors, LLC	Exited	0(-100.0%)	$152,163	0.0%	—	0
CI INVESTMENTS INC.	Exited	0(-100.0%)	$375	0.0%	—	0
FIL Ltd	Exited	0(-100.0%)	$121,427	0.0%	—	0

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