Graham Holdings Co. Class BGHC
13F holders, Q4 2025 (December 31)At the end of Q4 2025, 350 institutions reported holding Graham Holdings Co. Class B (GHC) in their 13F filings, up 25 from Q3 2025. 40 opened new positions and 24 sold out. The largest holders were BlackRock, Inc. ($454.0M), Vanguard Group Inc. ($374.4M) and Madison Avenue Partners, LP ($270.1M). 11 famous investors held it, including Mario Gabelli (0.1% of GAMCO Investors's portfolio), Cliff Asness (0.0% 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
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 40 | $32.3M |
| Exits | 24 | $13.6M |
All 13F filers, Q3 2025 → Q4 2025: 111,247 shares bought and 124,038 shares sold, net −12,791 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 350 holders
| BlackRock, Inc. | 0.01% | Reduce -0.5% | 413,222 | $454.0M |
| Vanguard Group Inc. | 0.01% | Add +3.3% | 340,841 | $374.4M |
| Madison Avenue Partners, LP | 11.60% | No change | 245,829 | $270.1M |
| Dimensional Fund Advisors LP | 0.05% | Reduce -6.5% | 237,617 | $261.0M |
| Wallace Capital Management Inc. | 20.78% | Reduce -3.2% | 157,068 | $172.6M |
| State Street Corp. | 0.00% | Reduce -1.7% | 126,942 | $139.5M |
| Geode Capital Management, LLC | 0.01% | Add +3.7% | 87,169 | $95.8M |
| AQR Capital Management | 0.05% | Reduce -5.1% | 86,083 | $94.6M |
| First Trust Advisors LP | 0.07% | Add +33.8% | 84,923 | $93.3M |
| Charles Schwab Investment Management Inc. | 0.01% | Reduce -3.4% | 45,731 | $50.2M |
| Bank of New York Mellon Corp | 0.01% | Add +1.5% | 43,460 | $47.7M |
| Northern Trust Corp. | 0.01% | Reduce -6.0% | 39,528 | $43.4M |
| Goldman Sachs Group Inc. | 0.01% | Reduce -15.6% | 35,880 | $39.4M |
| Southeastern Asset Management Inc. | 1.75% | Add +1.0% | 35,721 | $39.2M |
| Morgan Stanley | 0.00% | Add +5.5% | 29,839 | $32.8M |
| Raymond James Financial Inc. | 0.01% | Add +0.8% | 29,155 | $32.0M |
| JPMorgan Chase & Co. | 0.00% | Add +10.4% | 27,173 | $29.9M |
| London Co. of Virginia | 0.16% | Reduce -4.0% | 24,963 | $27.4M |
| Invesco Ltd. | 0.00% | Reduce -11.5% | 24,517 | $26.9M |
| State of Alaska, Department of Revenue | 0.19% | Add +3.4% | 16,265 | $17.9M |
| Millennium Management | 0.01% | Add +70.3% | 14,498 | $15.9M |
| Thompson Siegel & Walmsley LLC | 0.27% | Reduce -3.6% | 14,436 | $15.9M |
| GAMCO Investors | 0.14% | Add +0.9% | 13,549 | $14.9M |
| Franklin Resources Inc. | 0.00% | Add +1.3% | 13,420 | $14.7M |
| Bronte Capital Management Pty Ltd. | 1.53% | Reduce -0.3% | 13,355 | $14.7M |
| Pacer Advisors, Inc. | 0.04% | Reduce -22.5% | 12,822 | $14.1M |
| Bank of America Corp. | 0.00% | Add +9.1% | 11,975 | $13.2M |
| Seizert Capital Partners, LLC | 0.55% | Reduce -0.8% | 11,946 | $13.1M |
| Qube Research & Technologies Ltd | 0.02% | Add +98.8% | 11,373 | $12.5M |
| UBS Group AG | 0.00% | Reduce -49.0% | 11,299 | $12.4M |
| Pathstone Holdings, LLC | 0.05% | Add +0.0% | 11,270 | $12.4M |
| Principal Financial Group Inc. | 0.01% | Add +10.4% | 11,198 | $12.3M |
| Allspring Global Investments Holdings, LLC | 0.02% | New | 11,035 | $12.0M |
| Barclays PLC | 0.00% | Reduce -3.7% | 10,511 | $11.5M |
| Rhumbline Advisers | 0.01% | Reduce -9.3% | 10,097 | $11.1M |
| Arrowstreet Capital, Limited Partnership | 0.01% | Reduce -50.1% | 9,585 | $10.5M |
| Hennessy Advisors Inc. | 0.37% | Reduce -6.0% | 9,387 | $10.3M |
| Alliancebernstein L.P. | 0.00% | Add +2.3% | 9,316 | $10.2M |
| Edgestream Partners, L.P. | 0.29% | Add +320.9% | 9,272 | $10.2M |
| Gabelli Funds LLC | 0.07% | No change | 9,000 | $9.9M |
| LPL Financial LLC | 0.00% | Reduce -4.8% | 8,837 | $9.7M |
| Brandywine Global Investment Management, LLC | 0.07% | Reduce -5.4% | 8,820 | $9.7M |
| Ameriprise Financial Inc. | 0.00% | Reduce -1.8% | 8,344 | $9.2M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Add +41.2% | 7,665 | $8.4M |
| Nuveen, LLC | 0.00% | Reduce -2.1% | 7,158 | $7.9M |
| Swiss National Bank | 0.00% | Add +2.7% | 6,370 | $7.0M |
| Victory Capital Management Inc. | 0.00% | Add +6.9% | 6,344 | $7.0M |
| Prudential Financial Inc. | 0.01% | Reduce -8.7% | 6,047 | $6.6M |
| Quantinno Capital Management LP | 0.01% | Add +2.4% | 5,871 | $6.4M |
| Vest Financial, LLC | 0.08% | Add +47.1% | 5,737 | $6.3M |
| Legal & General Group Plc | 0.00% | Reduce -5.7% | 5,429 | $6.0M |
| Creative Planning | 0.00% | Add +15.0% | 5,277 | $5.8M |
| Markel Group | 0.05% | No change | 5,200 | $5.7M |
| O'shaughnessy Asset Management, LLC | 0.03% | Add +2.5% | 5,055 | $5.6M |
| FMR LLC | 0.00% | Add +12.3% | 5,049 | $5.5M |
| VELA Investment Management, LLC | 1.47% | Reduce -28.9% | 4,919 | $5.4M |
| Lazard Asset Management LLC | 0.01% | Reduce -33.4% | 4,549 | $5.0M |
| Lee Danner & Bass Inc. | 0.35% | No change | 4,500 | $4.9M |
| New York State Teachers Retirement System | 0.01% | Reduce -0.9% | 4,489 | $4.9M |
| State of Wisconsin Investment Board | 0.01% | Add +17.5% | 4,346 | $4.8M |
| Lafayette Investments, Inc. | 0.89% | Reduce -1.3% | 4,290 | $4.7M |
| Retirement Systems of Alabama | 0.01% | Reduce -0.7% | 4,078 | $4.5M |
| Voya Investment Management LLC | 0.01% | No change | 3,995 | $4.4M |
| Wells Fargo & Company | 0.00% | Add +33.2% | 3,925 | $4.3M |
| Intech Investment Management LLC | 0.04% | Reduce -45.2% | 3,714 | $4.1M |
| Susquehanna Portfolio Strategies, LLC | 0.06% | Add +108.3% | 3,662 | $4.0M |
| Mraz, Amerine & Associates, Inc. | 0.58% | Reduce -0.9% | 3,576 | $3.9M |
| Janney Montgomery Scott LLC | 0.01% | Reduce -1.5% | 3,511 | $3.9M |
| MetLife Investment Management, LLC | 0.02% | Reduce -4.4% | 3,401 | $3.7M |
| Citadel Advisors | 0.00% | New | 3,361 | $3.7M |
| Alps Advisors Inc. | 0.02% | Reduce -6.1% | 3,256 | $3.6M |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -5.0% | 3,252 | $3.6M |
| Insight Inv LLC | 1.99% | Add +18.1% | 3,233 | $3.6M |
| California State Teachers Retirement System | 0.00% | Reduce -0.1% | 3,012 | $3.3M |
| Bridgeway Capital Management, LLC | 0.07% | Reduce -29.4% | 3,005 | $3.3M |
| T. Rowe Price Associates Inc. | 0.00% | Add +3.1% | 2,930 | $3.2M |
| Beacon Investment Advisors LLC | 1.29% | Add +0.0% | 2,919 | $3.2M |
| Healthcare of Ontario Pension Plan Trust Fund | 0.01% | Add +4.3% | 2,817 | $3.1M |
| Ami Investment Management Inc. | 0.69% | Reduce -0.4% | 2,788 | $3.1M |
| Deutsche Bank AG | 0.00% | Reduce -47.0% | 2,736 | $3.0M |
| Assetmark, Inc. | 0.01% | Add +30.9% | 2,708 | $3.0M |
| Horizon Investments, LLC | 0.04% | Add +7.9% | 2,660 | $2.9M |
| Martingale Asset Management L P | 0.07% | Reduce -0.8% | 2,650 | $2.9M |
| Linden Thomas Advisory Services, LLC | 0.29% | Add +3.4% | 2,601 | $2.9M |
| Jupiter Asset Management Ltd. | 0.02% | No change | 2,567 | $2.8M |
| Eagle Strategies LLC | 0.36% | Add +24.6% | 2,544 | $2.8M |
| Cresset Asset Management, LLC | 0.01% | Add +0.8% | 2,492 | $2.7M |
| Cerity Partners LLC | 0.00% | Add +42.5% | 2,320 | $2.5M |
| TBH Global Asset Management, LLC | 0.42% | Add +1.9% | 2,270 | $2.5M |
| Autumn Glory Partners, LLC | 0.84% | No change | 2,171 | $2.4M |
| Envestnet Asset Management Inc. | 0.00% | Reduce -4.0% | 2,158 | $2.4M |
| Roundview Capital LLC | 0.15% | No change | 2,147 | $2.4M |
| Norges Bank | 0.00% | — | 2,116 | $2.3M |
| Hussman Strategic Advisors, Inc. | 0.56% | New | 2,100 | $2.3M |
| GABELLI & Co INVESTMENT ADVISERS, INC. | 0.35% | No change | 2,094 | $2.3M |
| CANADA LIFE ASSURANCE Co | 0.00% | No change | 2,052 | $2.3M |
| Cohen Klingenstein LLC | 0.07% | Reduce -12.7% | 2,000 | $2.2M |
| Teacher Retirement System of Texas | 0.01% | Add +8.3% | 1,938 | $2.1M |
| Citigroup Inc. | 0.00% | Add +20.6% | 1,888 | $2.1M |
| Corient Private Wealth LP | 0.00% | Add +38.9% | 1,846 | $2.0M |
"% 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.