CIK: 0000014661
Total reported value
$18.6B
Reporting period: 2026-03-31 · Number of holdings: 1800
BROWN BROTHERS HARRIMAN & CO disclosed 1800 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $18.6B and a quarterly turnover rate of 32.7%.
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Brown Brothers Harriman & Co's disclosed holdings carry a Herfindahl concentration index of 0.019 — mathematically equivalent to about 54 equally-sized positions, well below its 1800 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 5.71), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Trim AKRE
-23.7% -$396.3M
Add IVV
+54.1% $362.8M
Add USB
+5441.0% $293.3M
Trim MA
-26.8% -$203.1M
Add QLTY
+261.0% $206.5M
Trim BKNG
-51.3% -$197.9M
BROWN BROTHERS HARRIMAN & CO is slashing its top active positions—AKRE, MA, BKNG, ADP—by a combined 4.7 points of portfolio weight and redeploying into IVV and QLTY, while building a new 1.6% stake in USB. This is a deliberate capital rotation from discretionary stock selection toward systematic market-beta and factor exposure, signaling a tactical pullback from alpha hunting in favor of index-level macro positioning.
The portfolio's momentum score of 100 and the pivot into passive ETFs reveal a bet on trend persistence in large-cap tech and financials, with quality factor QLTY acting as a risk lid. The opposing thesis is that this factor cohort has gone consensus: a reversal in risk appetite would break the momentum rule, leaving the fund exposed to a reflexive drawdown in its most crowded trades.
With 1,800 positions and a diversification score of 100, the fund's true vulnerability is not sector overexposure but factor overexposure: every active addition—QLTY, IVV, USB—is a momentum-chasing consensus trade. When that consensus breaks, the fund's low-concentration structure offers no escape valve, and the 32.7% turnover becomes a performance drain, not an advantage.
This narrative is produced by AI from publicly available filings and describes past activity only — it is informational, not investment advice.
Showing top 200 holdings (of 1800 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 6.09% | +1.88% | +54.12% | |
| 2 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 4.35% | -0.81% | -6.28% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 3.87% | -1.04% | +4.52% | |
| 4 | AAPL | Apple INC | Stock-Tech | 3.69% | +0.23% | +16.18% | |
| 5 | AKRE | Akre Focus ETF | ETF-Other | 3.40% | -2.22% | -23.73% | |
| 6 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 2.93% | — | +1.30% | |
| 7 | KLAC | Kla CORP | Stock-Tech | 2.76% | — | -19.36% | |
| 8 | AMZN | Amazon.com INC | Stock-Consumer Disc | 2.55% | -0.27% | +1.76% | |
| 9 | BBHM | Bbh Select Mid Cap ETF | ETF-Other | 2.48% | — | -1.65% | |
| 10 | BBHL | Bbh Select Large Cap ETF | ETF-Large Cap & Growth | 2.25% | — | +5.92% | |
| 11 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 2.07% | +0.63% | +44.16% | |
| 12 | WM | Waste Management INC | Stock-Industrials | 2.03% | — | +0.01% | |
| 13 | MA | Mastercard INC - A | Stock-Financials | 1.94% | -1.14% | -26.80% | |
| 14 | LIN | Linde plc | Stock-Materials | 1.92% | +0.23% | -0.34% | |
| 15 | NVDA | Nvidia CORP | Stock-Tech | 1.78% | +0.12% | +16.44% | |
| 16 | AMAT | Applied Materials INC | Stock-Tech | 1.61% | — | -18.09% | |
| 17 | USB | US Bancorp | Stock-Financials | 1.60% | +1.57% | +5441.04% | |
| 18 | QLTY | Gmo U.s. Quality ETF | ETF-Other | 1.57% | +1.10% | +261.01% | |
| 19 | ORCL | Oracle CORP | Stock-Tech | 1.49% | -0.89% | -15.85% | |
| 20 | PGR | Progressive CORP | Stock-Financials | 1.38% | — | +25.34% | |
| 21 | EAGL | Eagle Capital Select Eqty | ETF-Other | 1.34% | +0.92% | +242.84% | |
| 22 | WMT | Walmart INC | Stock-Consumer Staples | 1.29% | +0.14% | +2.27% | |
| 23 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 1.25% | +0.16% | +0.96% | |
| 24 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.21% | +0.13% | +33.33% | |
| 25 | AJG | Arthur J Gallagher & Co | Stock-Financials | 1.20% | -0.25% | +0.63% | |
| 26 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.91% | — | +8.78% | |
| 27 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.90% | — | +1.12% | |
| 28 | ZTS | Zoetis INC | Stock-Healthcare | 0.90% | -0.25% | -15.19% | |
| 29 | TMO | Thermo Fisher Scientific INC | Stock-Healthcare | 0.89% | -0.56% | -26.38% | |
| 30 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.89% | +0.66% | +326.04% | |
| 31 | ALC | Alcon Inc. | Stock-Healthcare | 0.83% | -0.18% | -12.37% | |
| 32 | ROK | Rockwell Automation INC | Stock-Industrials | 0.82% | +0.82% | +27053.76% | |
| 33 | NKE | Nike INC -cl B | Stock-Consumer Disc | 0.82% | -0.15% | +2.69% | |
| 34 | TXN | Texas Instruments INC | Stock-Tech | 0.81% | — | -7.03% | |
| 35 | CDNS | Cadence Design Sys INC | Stock-Tech | 0.81% | — | +0.82% | |
| 36 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.80% | +0.21% | +34.90% | |
| 37 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.79% | +0.36% | +59.54% | |
| 38 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.75% | +0.15% | +25.29% | |
| 39 | AVGO | Broadcom INC | Stock-Tech | 0.75% | +0.56% | +348.73% | |
| 40 | SPGI | S&p Global INC | Stock-Financials | 0.73% | -0.76% | -38.77% | |
| 41 | ABT | Abbott Laboratories | Stock-Healthcare | 0.68% | -0.38% | -21.06% | |
| 42 | BKNG | Booking Holdings INC | Stock-Consumer Disc | 0.66% | -1.09% | -51.27% | |
| 43 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.64% | +0.47% | +283.95% | |
| 44 | GWRE | Guidewire Software INC | Stock-Tech | 0.57% | -0.23% | -3.47% | |
| 45 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.56% | +0.15% | +28.18% | |
| 46 | ADI | Analog Devices INC | Stock-Tech | 0.55% | +0.16% | +22.22% | |
| 47 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.53% | — | — | |
| 48 | PANW | Palo Alto Networks INC | Stock-Tech | 0.52% | +0.50% | +3651.49% | |
| 49 | WWD | Woodward INC | Stock-Industrials | 0.46% | — | -29.37% | |
| 50 | WSO | Watsco INC | Stock-Industrials | 0.44% | — | -2.16% |
Performance for Q3 2026
+2.2%
Performance Last 4 Quarters
+11.4%
Based on 69% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 1800 | $18.6B | 33 | |
| 2025-12-31 | 1833 | $18.3B | 26 | |
| 2025-09-30 | 1678 | $16.4B | 32 | |
| 2025-06-30 | 1547 | $15.6B | 0 | |
| 2025-03-31 | 1304 | $14.3B | 100 | |
| 2024-12-31 | 1458 | $14.3B | 0 | |
| 2024-09-30 | 1420 | $14.7B | 0 | |
| 2024-06-30 | 1144 | $13.3B | 0 | |
| 2024-03-31 | 1158 | $13.0B | 0 | |
| 2023-12-31 | 1148 | $12.0B | 0 | |
| 2023-09-30 | 1211 | $11.3B | 0 | |
| 2023-06-30 | 1219 | $12.4B | 0 | |
| 2023-03-31 | 1262 | $11.9B | 0 | |
| 2022-12-31 | 1247 | $11.4B | 0 | |
| 2022-09-30 | 1547 | $10.8B | 0 | |
| 2022-06-30 | 1337 | $11.7B | 0 | |
| 2022-03-31 | 1275 | $14.1B | 0 | |
| 2021-12-31 | 1176 | $17.8B | 0 | |
| 2021-09-30 | 1169 | $16.9B | 0 | |
| 2021-06-30 | 1175 | $17.0B | 96 | |
| 2021-03-31 | 1129 | $15.7B | 37 | |
| 2020-12-31 | 1105 | $15.0B | 14 | |
| 2020-09-30 | 1026 | $13.9B | 22 | |
| 2020-06-30 | 1045 | $13.3B | 15 | |
| 2020-03-31 | 1153 | $12.3B | 37 | |
| 2019-12-31 | 1110 | $15.6B | 10 | |
| 2019-09-30 | 1265 | $15.0B | 24 | |
| 2019-06-30 | 1187 | $15.0B | 16 | |
| 2019-03-31 | 1006 | $14.5B | 23 | |
| 2018-12-31 | 947 | $13.2B | 100 | |
| 2018-09-30 | 811 | $15.7B | 0 | |
| 2018-06-30 | 811 | $16.3B | 18 | |
| 2018-03-31 | 795 | $17.3B | 13 | |
| 2017-12-31 | 1189 | $18.2B | 11 | |
| 2017-09-30 | 750 | $18.8B | 9 | |
| 2017-06-30 | 754 | $18.4B | 13 | |
| 2017-03-31 | 796 | $18.4B | 12 | |
| 2016-12-31 | 868 | $18.3B | 18 | |
| 2016-09-30 | 783 | $18.8B | 10 | |
| 2016-06-30 | 837 | $19.2B | 10 | |
| 2016-03-31 | 691 | $19.4B | 15 | |
| 2015-12-31 | 751 | $19.0B | 21 | |
| 2015-09-30 | 830 | $19.7B | 24 | |
| 2015-06-30 | 755 | $21.4B | 6 | |
| 2015-03-31 | 768 | $22.1B | 10 | |
| 2014-12-31 | 878 | $23.7B | 11 | |
| 2014-09-30 | 769 | $24.8B | 10 | |
| 2014-06-30 | 749 | $24.7B | 16 | |
| 2014-03-31 | 801 | $23.4B | 10 | |
| 2013-12-31 | 648 | $22.2B | 9 | |
| 2013-09-30 | 699 | $21.1B | 14 | |
| 2013-06-30 | 727 | $21.1B | 14 |
Brown Brothers Harriman & Co's most significant position changes for 2026-03-31: Trim: Akre Focus ETF (AKRE) — shares -23.73%; Add: Ishares Core S&p 500 ETF (IVV) — shares +54.12%; Add: US Bancorp (USB) — shares +5441.04%; Trim: Mastercard INC - A (MA) — shares -26.80%; Add: Gmo U.s. Quality ETF (QLTY) — shares +261.01%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | +1.9% | +54.12% | Add |
| 2 | USB | US Bancorp | +1.6% | +5441.04% | Add |
| 3 | QLTY | Gmo U.s. Quality ETF | +1.1% | +261.01% | Add |
| 4 | EAGL | Eagle Capital Select Eqty | +0.9% | +242.84% | Add |
| 5 | ROK | Rockwell Automation INC | +0.8% | +27053.76% | Add |
| 6 | JPM | Jpmorgan Chase & Co | +0.7% | +326.04% | Add |
| 7 | IEFA | Ishares Core Msci Eafe ETF | +0.6% | +44.16% | Add |
| 8 | AVGO | Broadcom INC | +0.6% | +348.73% | Add |
| 9 | PANW | Palo Alto Networks INC | +0.5% | +3651.49% | Add |
| 10 | IWM | Ishares Russell 2000 ETF | +0.5% | +283.95% | Add |
| 11 | JNJ | Johnson & Johnson | +0.4% | +59.54% | Add |
| 12 | HLT | Hilton Worldwide Holdings In | +0.3% | +5815.31% | Add |
| 13 | PH | Parker Hannifin CORP | +0.3% | +2122.81% | Add |
| 14 | ISRG | Intuitive Surgical INC | +0.3% | +1979.90% | Add |
| 15 | HAYW | Hayward Holdings INC | +0.3% | +523717.91% | Add |
| 16 | AAPL | Apple INC | +0.2% | +16.18% | Add |
| 17 | LIN | Linde plc | +0.2% | -0.34% | Trim |
| 18 | MCD | Mcdonald's CORP | +0.2% | +34.90% | Add |
| 19 | HCA | Hca Healthcare INC | +0.2% | +1987.86% | Add |
| 20 | HD | Home Depot INC | +0.2% | +245.41% | Add |
| 21 | COST | Costco Wholesale CORP | +0.2% | +0.96% | Add |
| 22 | ADI | Analog Devices INC | +0.2% | +22.22% | Add |
| 23 | KO | Coca-cola Co/the | +0.2% | +28.18% | Add |
| 24 | PG | Procter & Gamble Co/the | +0.2% | +25.29% | Add |
| 25 | WMT | Walmart INC | +0.1% | +2.27% | Add |
| 26 | LLY | Eli Lilly & Co | +0.1% | +33.33% | Add |
| 27 | NVDA | Nvidia CORP | +0.1% | +16.44% | Add |
| 28 | NKE | Nike INC -cl B | -0.2% | +2.69% | Add |
| 29 | CBRE | Cbre Group INC - A | -0.2% | -17.35% | Trim |
| 30 | ALC | Alcon Inc. | -0.2% | -12.37% | Trim |
| 31 | TTWO | Take-two Interactive Softwre | -0.2% | -26.34% | Trim |
| 32 | GWRE | Guidewire Software INC | -0.2% | -3.47% | Trim |
| 33 | ZTS | Zoetis INC | -0.3% | -15.19% | Trim |
| 34 | AJG | Arthur J Gallagher & Co | -0.3% | +0.63% | Add |
| 35 | OTIS | Otis Worldwide CORP | -0.3% | -36.01% | Trim |
| 36 | AMZN | Amazon.com INC | -0.3% | +1.76% | Add |
| 37 | ICLR | ICON Public Limited Company | -0.3% | -99.55% | Trim |
| 38 | ABT | Abbott Laboratories | -0.4% | -21.06% | Trim |
| 39 | CWAN | Clearwater Analytics Holdings, Inc. | -0.4% | -100.00% | Trim |
| 40 | NOW | Servicenow INC | -0.5% | -59.09% | Trim |
| 41 | TMO | Thermo Fisher Scientific INC | -0.6% | -26.38% | Trim |
| 42 | ADBE | Adobe INC | -0.6% | -94.05% | Trim |
| 43 | SPGI | S&p Global INC | -0.8% | -38.77% | Trim |
| 44 | GOOG | Alphabet Inc-cl C | -0.8% | -6.28% | Trim |
| 45 | ORCL | Oracle CORP | -0.9% | -15.85% | Trim |
| 46 | ADP | Automatic Data Processing | -1% | -94.19% | Trim |
| 47 | MSFT | Microsoft CORP | -1% | +4.52% | Add |
| 48 | BKNG | Booking Holdings INC | -1.1% | -51.27% | Trim |
| 49 | MA | Mastercard INC - A | -1.1% | -26.80% | Trim |
| 50 | AKRE | Akre Focus ETF | -2.2% | -23.73% | Trim |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-14 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-12 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-13 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-11 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-14 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-12 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-13 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-09 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-08-09 | Amendment | View on EDGAR |
| 2024-03-31 | 2024-05-10 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-08-09 | Amendment | View on EDGAR |
| 2023-12-31 | 2024-02-12 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2024-08-09 | Amendment | View on EDGAR |
| 2023-09-30 | 2023-11-13 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-07 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-11 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-09 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-11 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-13 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-13 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-13 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-16 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-13 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-15 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-14 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-14 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-15 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-14 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-15 | Amendment | View on EDGAR |
| 2018-09-30 | 2018-11-14 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-14 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-14 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-14 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-14 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-12 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-14 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-15 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-13 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-12 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-13 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-14 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-15 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-13 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-14 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-15 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-15 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-05-13 | Amendment | View on EDGAR |
| 2013-12-31 | 2014-05-13 | Amendment | View on EDGAR |
| 2013-12-31 | 2014-02-12 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-14 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-12 | 13F-HR | View on EDGAR |
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