Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No.:2
Name of Issuer: BROWN FORMAN CORP
Title of Class of Securities: Class B Common Stock
CUSIP Number: 115637209
(Date of Event Which Requires Filing of this Statement)
December 31, 2023
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
/X/ Rule 13d-l(b)
/ / Rule 13d-l(c)
/ / Rule 13d-l(d)
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect
to the subject class of securities, and for any subsequent
amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of
Section 18 of the Securities Exchange Act of 1934 ("Act") or
otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act
(however, see the Notes).
CUSIP Number: 115637209
1. Name of Reporting Person
Fundsmith LLP
2. Check the Appropriate Box if a Member of a Group
a. /X/
b. / /
3. SEC Use Only
4. Citizenship or Place of Organization
United Kingdom
Number of Shares Beneficially Owned by Each Reporting Person
With:
5. Sole Voting Power:
15,630,954
6. Shared Voting Power:
NONE
7. Sole Dispositive Power:
15,666,962
8. Shared Dispositive Power:
NONE
9. Aggregate Amount Beneficially Owned by Each Reporting
Person
15,666,962
10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares / /
11. Percent of Class Represented by Amount in Row (9)
5.10%
12. Type of Reporting Person
IA
-2-
Item 1(a) Name of Issuer:
BROWN FORMAN CORP
(b) Address of Issuer's Principal Executive Offices:
850 Dixie Highway, Louisville, KY 40210, United States
Item 2(a) - (c). Name, Principal Business Address, and
Citizenship of Persons Filing:
Fundsmith LLP
33 Cavendish Square, London, UK, W1G 0PW
(d) Title of Class of Securities: Class B Common Stock
(e) CUSIP Number: 115637209
Item 3. This statement is filed pursuant to Rule
13d-1(b)(1).
/x/ Group, in accordance with Rule 13d-1(b)(1) (ii)(K)
Item 4. Ownership.
(a) Amount Beneficially Owned: 15,666,962
(b) Percent of Class: 5.10%
(c) (i) shares with sole power to vote or direct
the vote: 15,630,954
(ii) shared power to vote or direct the vote:
NONE
(iii) shares with sole power to dispose or to
direct the disposition of: 15,666,962
(iv) shares with shared power to dispose or
direct the disposition of: NONE
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact
that as of the date hereof the reporting person has ceased
to be the beneficial owner of more than 5 percent of the
class of securities, check the following / /.
Item 6. Ownership of More than Five Percent on Behalf of
Another Person.
N/A
-3-
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported by the Parent
Holding Company.
N/A
Item 8. Identification and Classification of Members of the
Group.
See Exhibit 1
Item 9. Notice of Dissolution of the Group.
N/A
Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held
in the ordinary course of business and were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.
By signing below I certify that, to the best of my knowledge and
belief, the foreign regulatory scheme applicable to Investment Adviser
is substantially comparable to the regulatory scheme applicable to the
functionally equivalent U.S. institution(s). I also undertake to
furnish to the Commission staff, upon request, inforamtion that would
otherwise be disclosed in a Schedule 13D.
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true,
complete and correct.
By: /s/ Tom Armstrong February 14, 2024
_________________________ _________________
Title: Director Date