DAVENPORT 13F: Cuts Brookfield (BN) Stake by $31M

Davenport trimmed its investment in Brookfield Corporation (NYSE: BN), according to a Form 13F filing with the U.S. Securities and Exchange Commission on October 14, 2026. Institutional filings look backward at what a fund held at the end of the previous quarter, meaning this report may not reflect current holdings.

What Changed in Davenport's Brookfield Corporation Position

Davenport lowered its stake by selling 843,562 shares of Brookfield Corporation during the period. The reduction left the firm with 8,823,389 shares, down from 9,666,951 shares previously. This decrease of 8.7% brought the total reported value of the holding to about $322,504,946.

Other Institutional Activity in Brookfield Corporation

Other large institutional investors made notable adjustments to their Brookfield Corporation holdings during the quarter. Partners Value Investments LP held steady, ending the period with 181,405,955 shares worth about $6,643,085,878 with zero change in units. Royal Bank of Canada grew its holdings by 1,979,727 shares, ending with 115,757,146 shares worth about $4,239,026,562, a 1.7% increase. Capital World Investors reduced its position by 3,655,924 shares, leaving it with 78,684,708 shares valued at approximately $2,881,433,922, which is a 4.4% decrease. Vanguard Capital Management LLC trimmed its stake by 61,443 shares to end with 61,381,539 shares worth about $2,247,791,892, a 0.1% decrease. Dodge & Cox Inc. grew its holdings by 2,024,177 shares, ending with 61,210,651 shares worth about $2,241,533,974, a 3.4% increase.

Brookfield Corporation Stock Up 1.7%

Brookfield Corporation recently traded around $36.55 as of October 16, 2026. The stock sits below its 50-day moving average of $39.44 and its 200-day moving average of $43.08. The shares have traded in a 52-week range between $35.61 and $49.57.

Recent Earnings

Brookfield Corporation reported trailing twelve-month revenue of $80,692,002,816 alongside trailing twelve-month earnings per share of $0.54. The company generated a return on equity of 2.3% and a net profit margin of 1.8%, with year-over-year revenue growth reaching 8.5%. The company's next earnings report is scheduled for November 12, 2026.

Dividend

Brookfield Corporation pays an annual dividend yielding 0.76%, backed by a payout ratio of 48.2%.

Analysts Set New Price Targets

Wall Street analysts maintain a generally positive outlook on the stock. On July 21, 2026, Morgan Stanley maintained its Overweight rating while lowering its price target from $61.00 to $59.00. Later, on August 14, 2026, Scotiabank maintained its Sector Outperform rating while raising its price target from $53.00 to $54.00. The stock carries a consensus buy recommendation from ten analysts, with a mean target price of $54.25.

About Brookfield Corporation

Brookfield Corporation operates as a global asset manager based in Toronto, Canada. The firm focuses on large-scale investments across real estate, infrastructure, renewable power, credit, and private equity. Davenport's recent adjustment comes as institutional investors navigate changing valuations across the firm's diverse holdings.

Bottom Line

Investors will look toward Brookfield Corporation's upcoming earnings report on November 12, 2026, for updated financial metrics. Institutional 13F filings provide a quarterly look at portfolio shifts, though they do not capture more recent market trades.