Brookfield Asset Management Ltd. (NYSE: BAM) is a global alternative asset manager that invests in real estate, infrastructure, renewable energy, private equity, and credit. The firm has become one of the most dominant forces in global investing, recently trading around $60 per share with a market cap near $97 billion.
Once a niche Canadian manager focused on property and infrastructure, Brookfield has expanded into a worldwide powerhouse overseeing more than $850 billion in assets. With a reputation for patient, long-term capital allocation and industry-leading 61% EBIT margins, the company has steadily compounded value and delivered a 44% stock gain over the past year.
Today, Brookfield is often considered a must-own name for investors seeking exposure to real assets, benefiting from secular tailwinds like infrastructure spending, renewable energy transition, and institutional demand for private markets. Its unique structure, with parent company Brookfield Corporation retaining a controlling 73% stake, provides a stable anchor, while global institutions and insiders add additional breadth of ownership. Once closely tied to founder and CEO Bruce Flatt’s influence and reputation, Brookfield is now firmly entrenched in the portfolios of some of the world’s largest asset managers.
Looking at who owns the stock and how insiders are trading offers a glimpse into how major investors view Brookfield at today’s levels.
Who Are Brookfield’s Top Shareholders?
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Brookfield Asset Management is a global alternative asset manager that invests in real estate, infrastructure, renewable energy, private equity, and credit. Its shareholder base is anchored by its parent company, while global institutions and insiders hold smaller but still influential positions.
- Brookfield Corporation: 1.19B shares (72.9%), ~$71.8B
- Partners Value Investments: 30.8M shares (1.9%), ~$1.85B
- Vanguard: 17.0M shares (1.0%), ~$1.02B, trimmed 61K (-0.4%)
- Capital World Investors: 16.4M shares (1.0%), ~$986M, cut 7.8M (-32.2%)
- Capital International Investors: 16.3M shares (1.0%), ~$980M, added 96K (+0.6%)
- Bruce Flatt (CEO): 15.9M shares (1.0%), ~$955M, added 434K (+2.8%)
- Fidelity Management & Research: 15.1M shares (0.9%), ~$908M, reduced 193K (-1.3%)
- Fidelity Canada ULC: 13.4M shares (0.8%), ~$807M, added 2.7M (+24.9%)
One highlight from last quarter is State Street’s massive increase, lifting its Brookfield position by over 11,172%. The fund now owns about 3.5 million shares worth $195 million, signaling a sharp shift toward building exposure.
Another notable move came from BlackRock, which boosted its stake by 1,373% to 5.3 million shares valued at $293 million. That kind of jump looks like rising confidence in Brookfield’s long-term cash generation.
Meanwhile, DE Shaw, led by David Shaw, expanded its holdings by 85% to 307K shares worth $17 million. This appears to be more of a tactical bet from a hedge fund that often targets shorter-term opportunities.
Brookfield Corp’s 73% stake gives the company long-term stability. Among outside holders, Capital World cut heavily while Fidelity Canada and Bruce Flatt added, showing divided sentiment. The big inflows from State Street and BlackRock add further support, while hedge fund activity like DE Shaw’s shows selective positioning around near-term moves.
See whether Brookfield’s top shareholders are buying or selling today >>>
Brookfield’s Recent Insider Trades
Insider activity at Brookfield has been active in recent months and it appears more weighted toward selling. Several directors and executives reduced their holdings, which could point to portfolio rebalancing, liquidity needs, or scheduled selling plans.
While CEO Bruce Flatt also reported sales, he continues to hold a substantial personal stake and has added shares in other transactions, showing that insider positioning is not entirely one-sided.
Here are some recent insider sales:
- Jack Cockwell (Director): Sold 411K shares at ~$62 and 206K at ~$57
- Brian Kingston (Director): Sold ~262K shares at ~$15 (indirect) and 176K at ~$56
- Bruce Flatt (CEO): Sold 300K shares at ~$57 and 442K at ~$57, though he also reported additions elsewhere
- Nicholas Goodman (Director): Sold ~4.5K shares at ~$57
Insider trades lean more toward selling, which may suggest management is being cautious at current prices.
These moves might reflect planned diversification rather than a lack of conviction, but the limited signs of broad insider buying could leave some investors wondering if leadership is waiting for more attractive entry points.
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What the Ownership & Insider Trade Data Tell Us
Brookfield’s ownership is dominated by its parent company, Brookfield Corporation, which controls nearly 73% of the stock. This creates a stable anchor but also limits the free float available to outside investors. Among institutions, the picture looks split: Capital World Investors reduced its stake sharply, while Fidelity Canada and CEO Bruce Flatt added to their holdings, suggesting differing views on the company’s current value.
Insider activity appears more tilted toward selling, with directors like Jack Cockwell and Brian Kingston trimming shares at recent prices. Bruce Flatt’s mix of sales and reported additions makes his positioning less straightforward, but overall there has been little broad-based insider buying.
For investors, the signals look mixed. The heavy parent ownership underscores long-term stability, yet institutional and insider moves suggest that some major players may be cautious about adding at today’s levels, even as Brookfield continues to deliver strong profitability and growth.
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