← Holdings
BN

BROOKFIELD CORP

7 managers · $3.9B total
Data: SEC EDGAR 13F · 2026Q1
Manager holders · last 5 qtrs
6
2025Q2 – 2026Q2 · -1 QoQ
Total position
$3.9B
Combined value across tracked managers
Net move this quarter
↓ Trimming
Weighted by holders' share change
HolderQ actionValue% of port.Style
Pershing SquareTrim-2.78%$2.4B17.62%Aggressive value / Concentrated
MarkelHold$557M4.24%Insurance float / Long-term value
AkreTrim-28.82%$516M10.08%Quality compounders / Three-legged stool
Baillie GiffordTrim-11.75%$249M0.23%Long-term growth / Global allocation
MarathonTrim-12.8%$73M2.95%Capital cycle / Contrarian value
Horizon KineticsAdd+0.98%$68M0.77%Contrarian / Real assets
Greenlea LaneHold$59M16.29%Concentrated long-term value
What managers say
2026-07-01The Monks Investment Trust (Baillie Gifford)BullMonks Valuation - 31 May 2026Detail →
2026-06-30Third PointBullThird Point June 2026 Monthly ReportDetail →
2026-05-31Third PointBullThird Point May 2026 Monthly ReportDetail →
2026-04-30Third PointNeutralThird Point April 2026 Monthly ReportDetail →
2024-12-31Third PointBullThird Point Q4 2024 Investor LetterDetail →
Earnings Calls
Q2 2026August 20, 2026
This quarter's results were in line with expectations, with the core focus on the asset allocation strategy and capital efficiency improvement of the insurance business (BWS).
Key data: BWS's current income spread is 81 basis points, but when including total returns from equity investments, the spread can reach 2.2%; the integration of Just Group is expected to enhance the spread by 50 basis points.
Business progress: Management emphasizes that BWS's differentiation lies in its significant allocation to equity assets (including funds and publicly traded stocks), pursuing long-term total returns rather than pure spread income. By transferring assets such as BBU held by BN into insurance accounts, it provides policyholders with high-quality investment opportunities. Meanwhile, through long-term incentive plans and cultural alignment, the acquired insurance teams are ensured to align with Brookfield's risk appetite.
Guidance and outlook: Management believes there is room for BWS's spread to improve, and Just Group, through cost reductions and asset rotation, is expected to approach a spread target of 200 basis points. At the BN level, large opportunities such as AI primarily rely on fund and third-party capital, with no assumption of significant BN proprietary capital participation.
Risk/highlight signals: A positive signal is management's confidence in BWS's total return model, which it believes outperforms peers' spread levels of 100–110 basis points; a negative signal is that carry realization remains conservative, only being released after funds recoup costs and meet preferred returns.
Q1 2026May 14, 2026
Q4 2026February 12, 2026
Financials
Financials coming soon — 10-K data not yet synced for this name