Graham Holdings Co. Class BGHC

13F holders, Q2 2025 (June 30)
309holders +15
41new positions
28sold out
9famous investors
$946.95avg. 13F price*

At the end of Q2 2025, 309 institutions reported holding Graham Holdings Co. Class B (GHC) in their 13F filings, up 15 from Q1 2025. 41 opened new positions and 28 sold out. The largest holders were BlackRock, Inc. ($399.2M), Vanguard Group Inc. ($315.9M) and Dimensional Fund Advisors LP ($248.5M). 9 famous investors held it, including Mario Gabelli (0.1% of GAMCO Investors's portfolio), Cliff Asness (0.1% of AQR Capital Management's portfolio) and Tom Gayner (0.0% of Markel Group's portfolio).

Company
Graham Holdings Co. Class B
CUSIP
384637104
Latest filing quarter
Q2 2026

History

Number of 13F holders

0100200300400 Q1 2024: 246Q1 2024Q2 2024: 249Q2 2024Q3 2024: 261Q3 2024Q4 2024: 285Q4 2024Q1 2025: 294Q1 2025Q2 2025: 309Q2 2025Q3 2025: 325Q3 2025Q4 2025: 350Q4 2025Q1 2026: 331Q1 2026Q2 2026: 338Q2 2026

Total Exit/New Position Q1 2025 → Q2 2025

InstitutionsTotal Value
New Positions41$57.7M
Exits28$15.8M

All 13F filers, Q1 2025 → Q2 2025: 182,514 shares bought and 94,528 shares sold, net +87,986 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 309 holders

BlackRock, Inc. 0.01% Reduce -0.1% 421,956 $399.2M
Vanguard Group Inc. 0.01% Add +0.6% 333,855 $315.9M
Dimensional Fund Advisors LP 0.06% Reduce -3.0% 262,620 $248.5M
Madison Avenue Partners, LP 15.49% No change 245,271 $232.1M
Wallace Capital Management Inc. 20.89% Reduce -1.6% 162,062 $153.3M
State Street Corp. 0.00% Add +4.7% 135,173 $127.9M
AQR Capital Management 0.07% Add +58.8% 93,253 $88.2M
Geode Capital Management, LLC 0.01% Add +1.6% 83,330 $78.9M
Charles Schwab Investment Management Inc. 0.01% Reduce -5.9% 49,329 $46.7M
First Trust Advisors LP 0.03% Add +91.9% 43,703 $41.4M
Bank of New York Mellon Corp 0.01% Add +1.5% 43,265 $40.9M
Southeastern Asset Management Inc. 2.05% Reduce -22.2% 42,899 $40.6M
Northern Trust Corp. 0.01% Reduce -1.8% 42,470 $40.2M
Goldman Sachs Group Inc. 0.01% Add +35.0% 36,684 $34.7M
Morgan Stanley 0.00% Reduce -9.2% 30,302 $28.7M
Invesco Ltd. 0.00% Add +35.2% 29,305 $27.7M
Raymond James Financial Inc. 0.01% Reduce -6.3% 28,901 $27.3M
London Co. of Virginia 0.14% Reduce -0.5% 27,046 $25.6M
Pacer Advisors, Inc. 0.05% New 21,920 $20.7M
JPMorgan Chase & Co. 0.00% Reduce -4.0% 21,331 $20.2M
Bronte Capital Management Pty Ltd. 1.55% Add +14.2% 18,544 $19.8M
Arrowstreet Capital, Limited Partnership 0.01% Reduce -2.1% 19,098 $18.1M
Thompson Siegel & Walmsley LLC 0.26% Reduce -5.8% 16,193 $15.3M
State of Alaska, Department of Revenue 0.16% Reduce -0.0% 15,551 $14.7M
UBS Group AG 0.00% Reduce -10.1% 15,511 $14.7M
GAMCO Investors 0.13% Reduce -0.9% 13,529 $12.8M
Franklin Resources Inc. 0.00% Add +0.7% 13,522 $12.8M
Seizert Capital Partners, LLC 0.51% Reduce -0.1% 12,279 $11.6M
Barclays PLC 0.00% Add +20.0% 11,774 $11.1M
Rhumbline Advisers 0.01% Add +3.0% 11,543 $10.9M
Pathstone Holdings, LLC 0.04% Add +0.3% 11,280 $10.7M
Hennessy Advisors Inc. 0.34% New 10,787 $10.2M
Brandywine Global Investment Management, LLC 0.07% Reduce -3.8% 10,072 $9.5M
Ameriprise Financial Inc. 0.00% Add +13.8% 9,683 $9.2M
Bank of America Corp. 0.00% Reduce -6.4% 9,675 $9.2M
LPL Financial LLC 0.00% Reduce -3.0% 9,513 $9.0M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% Add +39.3% 9,422 $8.9M
Gabelli Funds LLC 0.06% Reduce -1.6% 9,150 $8.7M
Principal Financial Group Inc. 0.00% Reduce -1.5% 8,493 $8.0M
Alliancebernstein L.P. 0.00% Reduce -17.4% 8,076 $7.6M
Nuveen, LLC 0.00% Reduce -14.8% 7,409 $7.0M
Qube Research & Technologies Ltd 0.01% Add +83.5% 7,254 $6.9M
Jane Street Group, LLC 0.01% Reduce -14.8% 7,028 $6.6M
VELA Investment Management, LLC 1.96% Reduce -16.4% 6,977 $6.6M
Lazard Asset Management LLC 0.01% Add +71.4% 6,975 $6.6M
FMR LLC 0.00% Reduce -6.1% 6,849 $6.5M
Prudential Financial Inc. 0.01% Add +8.5% 6,455 $6.0M
Swiss National Bank 0.00% No change 6,200 $5.9M
Legal & General Group Plc 0.00% Add +2.1% 5,712 $5.4M
Quantinno Capital Management LP 0.02% Add +7.3% 5,665 $5.4M
Victory Capital Management Inc. 0.00% Add +10.6% 5,226 $4.9M
Voya Investment Management LLC 0.01% Reduce -0.9% 5,211 $4.9M
Markel Group 0.04% No change 5,200 $4.9M
Susquehanna International Group, LLP 0.01% Add +31.5% 5,110 $4.8M
New York State Teachers Retirement System 0.01% Add +6.8% 4,728 $4.5M
Lee Danner & Bass Inc. 0.33% No change 4,500 $4.3M
Lafayette Investments, Inc. 0.83% No change 4,350 $4.1M
Bridgeway Capital Management, LLC 0.10% New 4,255 $4.0M
Retirement Systems of Alabama 0.01% Add +1.2% 4,151 $3.9M
O'shaughnessy Asset Management, LLC 0.03% Add +42.1% 4,094 $3.9M
State of Wisconsin Investment Board 0.01% Reduce -23.8% 3,908 $3.7M
Creative Planning 0.00% Add +7.5% 3,848 $3.6M
Mraz, Amerine & Associates, Inc. 0.56% Reduce -1.0% 3,722 $3.5M
MetLife Investment Management, LLC 0.02% Add +0.6% 3,685 $3.5M
Manufacturers Life Insurance Company, The 0.00% Reduce -2.8% 3,592 $3.4M
Robeco Institutional Asset Management B.V. 0.01% No change 3,544 $3.4M
Janney Montgomery Scott LLC 0.01% Reduce -1.3% 3,529 $3.3M
Algert Global LLC 0.07% Reduce -56.7% 3,336 $3.2M
Hussman Strategic Advisors, Inc. 0.68% New 3,150 $3.0M
Jupiter Asset Management Ltd. 0.02% No change 3,113 $2.9M
D. E. Shaw & Co. 0.00% Add +106.4% 3,069 $2.9M
California State Teachers Retirement System 0.00% Add +0.4% 3,014 $2.9M
Ami Investment Management Inc. 0.72% Reduce -3.6% 2,961 $2.8M
Beacon Investment Advisors LLC 1.21% Add +0.1% 2,917 $2.8M
Edgestream Partners, L.P. 0.08% New 2,883 $2.7M
Norges Bank 0.00% Reduce -57.6% 2,819 $2.7M
Martingale Asset Management L P 0.06% No change 2,766 $2.6M
Intech Investment Management LLC 0.02% Reduce -32.7% 2,676 $2.5M
T. Rowe Price Associates Inc. 0.00% Add +7.7% 2,670 $2.5M
Insight Inv LLC 1.67% Reduce -3.4% 2,626 $2.5M
Wells Fargo & Company 0.00% Add +50.1% 2,561 $2.4M
Envestnet Asset Management Inc. 0.00% Add +6.7% 2,487 $2.4M
Ontario Teachers Pension Plan Board 0.05% Add +60.4% 2,456 $2.3M
Linden Thomas Advisory Services, LLC 0.25% Add +675.7% 2,428 $2.3M
Cresset Asset Management, LLC 0.01% Add +280.4% 2,381 $2.3M
Deutsche Bank AG 0.00% Reduce -45.2% 2,323 $2.2M
Canada Pension Plan Investment Board 0.00% Add +2200.0% 2,300 $2.2M
Cohen Klingenstein LLC 0.07% No change 2,290 $2.2M
TBH Global Asset Management, LLC 0.45% Reduce -6.7% 2,228 $2.1M
Vest Financial, LLC 0.03% Add +160.7% 2,203 $2.1M
Horizon Investments, LLC 0.03% New 2,182 $2.1M
Autumn Glory Partners, LLC 0.96% No change 2,171 $2.1M
Citigroup Inc. 0.00% Reduce -33.1% 2,171 $2.1M
Roundview Capital LLC 0.14% No change 2,158 $2.0M
Teacher Retirement System of Texas 0.01% Reduce -17.5% 2,103 $2.0M
GABELLI & Co INVESTMENT ADVISERS, INC. 0.31% Reduce -1.2% 2,097 $2.0M
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% Reduce -9.2% 2,096 $2.0M
American Century Companies Inc. 0.00% Reduce -3.4% 2,078 $2.0M
Gotham Asset Management 0.01% Add +56.6% 2,059 $1.9M
Corient Private Wealth LP 0.00% Add +109.2% 1,908 $1.8M
CANADA LIFE ASSURANCE Co 0.00% Reduce -7.4% 1,887 $1.8M
Norman Fields, Gottscho Capital Management, LLC 0.58% Reduce -0.1% 1,849 $1.7M
Millennium Management 0.00% Add +19.8% 1,845 $1.7M
Verition Fund Management LLC 0.01% Add +52.5% 1,844 $1.7M
Harrington Investments, INC 0.92% Reduce -1.2% 1,842 $1.7M
Assenagon Asset Management S.A. 0.00% New 1,820 $1.7M
Denali Advisors LLC 0.18% New 1,803 $1.7M
Assetmark, Inc. 0.00% Add +126.4% 1,791 $1.7M
Eagle Strategies LLC 0.26% Add +0.2% 1,790 $1.7M
Acadian Asset Management LLC 0.00% Reduce -57.3% 1,786 $1.7M
Forum Financial Management, LP 0.03% No change 1,740 $1.6M
KLP Kapitalforvaltning As 0.01% No change 1,700 $1.6M
Mutual of America Capital Management LLC 0.02% Reduce -2.6% 1,689 $1.6M
Evelyn Partners Asset Management Ltd 0.37% No change 1,563 $1.5M
New York State Common Retirement Fund 0.00% Add +47.2% 1,559 $1.5M
Ieq Capital, LLC 0.01% New 1,547 $1.5M
Ensign Peak Advisors, Inc 0.00% Reduce -11.5% 1,534 $1.5M
Steinberg Asset Management LLC 1.07% Reduce -5.1% 1,516 $1.4M
Amalgamated Bank 0.01% Reduce -0.7% 1,486 $1.4M
Janus Henderson Group PLC 0.00% No change 1,469 $1.4M
Cerity Partners LLC 0.00% Add +47.9% 1,449 $1.4M
State of Tennessee, Department of Treasury 0.00% Reduce -12.3% 1,431 $1.4M
Delphi Management Inc. 1.27% Reduce -10.7% 1,393 $1.3M
Brown Advisory Inc. 0.00% Add +1.2% 1,392 $1.3M
Truist Financial Corp. 0.00% No change 1,268 $1.2M
Teachers Retirement System of the State of Kentucky 0.01% No change 1,246 $1.2M
STRS Ohio 0.00% Add +9.1% 1,200 $1.1M
Summit Global Investments 0.07% Add +0.3% 1,178 $1.1M
Caitlin John, LLC 1.01% New 1,172 $1.1M
Regions Financial Corp. 0.01% Reduce -9.4% 1,147 $1.1M
Yousif Capital Management, LLC 0.01% Reduce -1.0% 1,144 $1.1M
Virtu Financial LLC 0.05% New 1,119 $1.1M
Man Group plc 0.00% New 1,115 $1.1M
Sei Investments Co. 0.00% Add +19.6% 1,112 $1.1M
Jacobs Levy Equity Management, Inc. 0.00% No change 1,098 $1.0M
Royal Bank of Canada 0.00% Add +18.7% 1,091 $1.0M
GMO 0.00% Reduce -54.6% 1,033 $977K
Mackenzie Financial Corp. 0.00% Add +1.7% 1,025 $970K
Louisiana State Employees Retirement System 0.02% Add +11.1% 1,000 $946K
Comerica Bank 0.00% Reduce -0.8% 988 $934K
Ameritas Investment Partners, Inc. 0.03% Reduce -1.6% 981 $928K
Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% Add +268.6% 962 $910K
Arizona State Retirement System 0.01% Add +2.4% 941 $890K
Commonwealth Equity Services, LLC 0.00% Reduce -6.8% 922 $873K
Tidal Investments LLC 0.01% Add +21.8% 899 $851K
Douglass Winthrop Advisors, LLC 0.02% No change 895 $847K
Mariner, LLC 0.00% Add +10.4% 884 $836K
Osaic Holdings, Inc. 0.00% Add +6.1% 882 $835K
Commonwealth of Pennsylvania Public School Empls Retrmt SYS 0.00% Add +8.3% 873 $826K
BNP Paribas Financial Markets 0.00% Reduce -85.8% 862 $816K
Affinity Wealth Management LLC 0.13% No change 840 $795K
Howard Financial Services, LTD. 0.10% Add +0.2% 838 $793K
QRG Capital Management, Inc. 0.01% Add +7.8% 827 $783K
State of Michigan Retirement System 0.00% No change 824 $780K
Tudor Investment Corporation 0.01% Reduce -53.9% 818 $774K
ProShare Advisors LLC 0.00% Reduce -51.6% 808 $765K
Integrated Quantitative Investments LLC 0.22% Add +0.1% 801 $758K
New Mexico Educational Retirement Board 0.02% No change 800 $757K
Thrivent Financial for Lutherans 0.00% Add +1.3% 800 $757K
Handelsbanken Fonder AB 0.00% No change 793 $750K
Northwestern Mutual Investment Management Company, LLC 0.01% Add +1.3% 759 $718K
Quadrature Capital Ltd 0.01% New 747 $706K
Police & Firemen's Retirement System of New Jersey 0.01% Add +3.9% 728 $689K
Readystate Asset Management LP 0.05% New 727 $688K
Sterling Capital Management LLC 0.01% Add +4.7% 717 $678K
LSV Asset Management 0.00% No change 700 $662K
Quadrant Capital Group LLC 0.02% Reduce -4.0% 693 $656K
Oregon Public Employees Retirement Fund 0.01% No change 683 $646K
Greenleaf Trust 0.01% Reduce -0.5% 666 $630K
Parallel Advisors, LLC 0.01% Reduce -2.3% 635 $601K
Neuberger Berman Group LLC 0.00% Add +128.3% 614 $581K
Stifel Financial Corp. 0.00% Reduce -2.1% 611 $578K
DAVENPORT & Co LLC 0.00% No change 600 $568K
Mercer Global Advisors Inc. 0.00% Add +20.6% 598 $566K
Bank of Montreal 0.00% Reduce -8.6% 597 $565K
Vanguard Personalized Indexing Management, LLC 0.01% Add +7.9% 588 $556K
Engineers Gate Manager LP 0.01% New 587 $555K
Axq Capital, LP 0.17% New 570 $539K
Voleon Capital Management LP 0.03% New 544 $515K
Leuthold Group, LLC 0.06% Add +46.9% 539 $510K
Highlander Partners, L.P. 0.19% No change 535 $506K
Susquehanna Fundamental Investments, LLC 0.01% Reduce -49.2% 529 $501K
Composition Wealth, LLC 0.01% Reduce -0.8% 513 $486K
Weik Capital Management 0.19% No change 500 $473K
XTX Topco Ltd 0.02% New 484 $458K
Allianz Asset Management GmbH 0.00% Add +34.0% 469 $444K
Xponance LLC 0.00% Reduce -1.3% 466 $441K
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% No change 462 $437K
Russell Investments Group, Ltd. 0.00% Reduce -71.7% 460 $435K
Federated Hermes, Inc. 0.00% Add +42.6% 455 $431K
Pictet Asset Management Holding SA 0.00% Reduce -4.3% 450 $426K
Savant Capital, LLC 0.00% Add +25.9% 432 $409K
Two Sigma Investments, LP 0.00% Reduce -41.1% 412 $390K
Inspire Investing, LLC 0.04% Add +12.6% 411 $389K
Sterling Investment Counsel, LLC 0.22% Reduce -0.8% 390 $369K
Wealth Enhancement Advisory Services, LLC 0.00% Add +30.3% 383 $364K
AlphaQuest LLC 0.04% Reduce -75.9% 381 $360K
Garden State Investment Advisory Services LLC 0.10% No change 375 $355K
Johnson Investment Counsel Inc. 0.00% No change 375 $355K
Sequoia Financial Advisors, LLC 0.00% New 375 $355K
US Bancorp \de 0.00% Reduce -4.9% 370 $350K
Tower Research Capital LLC (TRC) 0.01% Add +158.0% 369 $349K
FORA Capital, LLC 0.04% New 368 $348K
Polymer Capital Management (US) LLC 0.06% New 356 $337K
MML Investors Services, LLC 0.00% Add +10.7% 353 $334K
Pinnacle Wealth Management Advisory Group, LLC 0.03% No change 353 $334K
Bailard, Inc. 0.01% No change 353 $334K
Pinnacle Associates Ltd. 0.00% No change 353 $334K
Folger Nolan Fleming Douglas Capital Management, Inc. 0.04% No change 346 $327K
Palisade Asset Management, LLC 0.03% No change 327 $309K
Focus Partners Wealth 0.00% New 325 $308K
Bayforest Capital Ltd 0.13% New 322 $305K
Verus Capital Partners, LLC 0.03% New 309 $292K
Joel Isaacson & Co., LLC 0.01% No change 300 $284K
Bahl & Gaynor LLC 0.00% No change 300 $284K
Bridgewater Associates 0.00% Reduce -50.1% 298 $282K
Oxford Asset Management LLP 0.09% New 282 $267K
Jump Financial, LLC 0.00% Reduce -53.5% 280 $265K
Inceptionr LLC 0.06% Reduce -25.3% 278 $263K
Securian Asset Management, Inc. 0.01% No change 277 $262K
Cetera Investment Advisers 0.00% Add +0.8% 266 $252K
Captrust Financial Advisors 0.00% Reduce -89.3% 264 $250K
Longboard Asset Management, LP 0.62% No change 262 $248K
Guggenheim Capital LLC 0.00% Add +2.4% 253 $239K
Atticus Wealth Management, LLC 0.06% New 246 $233K
Moneta Group Investment Advisors LLC 0.00% Add +1.2% 244 $231K
Old Mission Capital LLC 0.01% New 239 $226K
Glenmede Investment Management, LP 0.00% — 226 $214K
Focus Partners Advisor Solutions, LLC 0.00% New 225 $213K
Baron Wealth Management LLC 0.07% Reduce -7.9% 222 $210K
Sanctuary Advisors, LLC 0.00% New 220 $208K
Signaturefd, LLC 0.00% Add +17.6% 214 $202K
Cwm, LLC 0.00% Add +407.1% 213 $202K
Principal Securities, Inc. 0.00% Reduce -2.8% 177 $167K
Elevation Point Wealth Partners, LLC 0.01% New 174 $165K
EverSource Wealth Advisors, LLC 0.01% Add +89.0% 172 $163K
Steward Partners Investment Advisory, LLC 0.00% Add +9.7% 158 $149K
SG Americas Securities, LLC 0.00% Reduce -81.5% 158 $149K
Westport Asset Management Inc. 0.06% No change 150 $142K
Costello Asset Management, INC 0.05% No change 133 $126K
PNC Financial Services Group, Inc. 0.00% Reduce -9.9% 127 $120K
Covestor Ltd 0.07% Add +2.6% 119 $113K
Skandinaviska Enskilda Banken AB (publ) 0.00% Add +169.1% 113 $107K
KBC Group NV 0.00% Reduce -24.6% 107 $101K
Kathleen S. Wright Associates Inc. 0.04% No change 100 $95K
Whittier Trust Co. 0.00% No change 100 $95K
Bessemer Group Inc. 0.00% Add +500.0% 96 $91K
Public Employees Retirement System of Ohio 0.00% Reduce -9.3% 88 $83K
Daiwa Securities Group Inc. 0.00% Reduce -10.1% 71 $67K
Headlands Technologies LLC 0.01% New 68 $64K
Sierra Ocean, LLC 0.03% No change 50 $47K
Gen-Wealth Partners Inc 0.02% No change 50 $47K
Washington Trust Advisors, Inc. 0.00% No change 50 $47K
MAI Capital Management 0.00% Add +17.1% 48 $45K
Aster Capital Management (DIFC) Ltd 0.01% Reduce -65.1% 45 $43K
Cullen/Frost Bankers, Inc. 0.00% No change 45 $43K
Allworth Financial LP 0.00% Add +17.1% 41 $39K
Salem Investment Counselors Inc. 0.00% No change 40 $38K
Nisa Investment Advisors, LLC 0.00% No change 38 $36K
Nomura Asset Management Co. Ltd. 0.00% No change 38 $36K
Fifth Third Bancorp 0.00% Reduce -2.7% 36 $34K
GAMMA Investing LLC 0.00% Add +55.0% 31 $29K
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% New 27 $26K
UMB Bank, n.a. 0.00% Add +68.8% 27 $26K
Spire Wealth Management 0.00% No change 26 $25K
Smartleaf Asset Management LLC 0.00% Reduce -16.0% 21 $20K
Versant Capital Management, Inc 0.00% Add +23.5% 21 $20K
Harbor Capital Advisors, Inc. 0.00% Add +5.6% 19 $18K
Advisors Asset Management, Inc. 0.00% Add +80.0% 18 $17K
NewEdge Advisors, LLC 0.00% No change 18 $17K
IFP Advisors, Inc 0.00% Add +400.0% 15 $16K
MassMutual Private Wealth & Trust, FSB 0.00% No change 17 $16K
Brooklyn Investment Group 0.00% Add +14.3% 16 $15K
Rise Advisors, LLC 0.01% No change 15 $14K
Meeder Asset Management Inc. 0.00% Add +25.0% 15 $14K
Jones Financial Companies LLLP 0.00% Add +500.0% 12 $12K
Essential Partners LLC 0.00% — 11 $10K
Dogwood Wealth Management LLC 0.01% New 11 $10K
Rossby Financial, LCC 0.00% No change 10 $9K
Annis Gardner Whiting Capital Advisors, LLC 0.00% No change 10 $9K
Parkside Financial Bank & Trust 0.00% No change 10 $9K
Twin Peaks Wealth Advisors, LLC 0.00% New 8 $8K
Bell Investment Advisors, Inc 0.00% Add +14.3% 8 $8K
WPG Advisers, LLC 0.00% No change 5 $5K
First Pacific Financial 0.00% Add +150.0% 5 $5K
Evermay Wealth Management LLC 0.00% No change 5 $5K
Tortoise Investment Management, LLC 0.00% New 5 $5K
Rothschild Investment LLC 0.00% No change 5 $5K
Hantz Financial Services, Inc. 0.00% New 4 $4K
JFS Wealth Advisors, LLC 0.00% No change 4 $4K
Arax Advisory Partners 0.00% No change 4 $4K
Caitong International Asset Management Co., Ltd 0.00% Reduce -50.0% 3 $3K
NewSquare Capital LLC 0.00% No change 3 $3K
Geneos Wealth Management Inc. 0.00% New 3 $3K
SBI Securities Co., Ltd. 0.00% Reduce -25.0% 3 $3K
Clearstead Advisors, LLC 0.00% New 3 $3K
First Horizon Advisors, Inc. 0.00% New 3 $3K
Picton Mahoney Asset Management 0.00% No change 2 $2K
Sachetta, LLC 0.00% No change 2 $2K
Stephens Consulting, LLC 0.00% New 2 $2K
Clearstead Trust, LLC 0.00% Add +100.0% 2 $2K
Cape Investment Advisory, Inc. 0.00% Reduce -50.0% 2 $2K
Fortitude Family Office, LLC 0.00% New 2 $2K
N.E.W. Advisory Services LLC 0.00% No change 2 $2K
Farmers & Merchants Investments Inc. 0.00% No change 2 $2K
Global Retirement Partners, LLC 0.00% — 2 $2K
Federation des caisses Desjardins du Quebec 0.00% No change 2 $2K
Hemington Wealth Management 0.00% No change 2 $1K
SJS Investment Consulting Inc. 0.00% No change 1 $947

"% of holder's portfolio" is GHC's weight in each manager's 13F, not the share of Graham Holdings Co. Class B the manager owns.