Bank First Corporation (BFC)

Distributing

Strong institutional distribution: ownership decreased -3.48% quarter-over-quarter.

Data as of Q1 2026

Institutional Ownership

34.20%

QoQ Change

-3.48%

Total Value

$511.5B

Shares Outstanding

11.2M

Crowding AnalysisCrowded

Holders142of 5,944

Avg: 68

Uncrowded89th percentileCrowded

Institutional Activity

Buy/Sell Ratio1x

71th percentile

68 buying68 selling

+24

New

-19

Closed

+136K

Net shares

Holding Period Distribution

estimate

Median: 3 QAvg: 3.8 QHolders: 142

Ownership Concentration

Top 5: 53.3%Top 10: 68.5%

BlackRock,19.9%

VANGUARD CAPITAL MANAGEMENT12.3%

STATE STREET9.1%

GEODE CAPITAL MANAGEMENT,7.4%

Merit Financial Group,4.6%

Others (137)46.7%

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Conviction-Weighted Ownership

Median weight: 0.00%Avg weight: 0.02%Max: 0.18%High conviction (>1%): 0

BlackRock,

VANGUARD CAPITAL MANAGEMENT

STATE STREET

GEODE CAPITAL MANAGEMENT,

Merit Financial Group,

DIMENSIONAL FUND ADVISORS

VANGUARD PORTFOLIO MANAGEMENT

BANK OF MONTREAL /CAN/

NORTHERN TRUST

CHARLES SCHWAB INVESTMENT MANAGEMENT

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Whale Moves Timeline (8 Quarters)

Biggest dollar-value position changes among top 10 holders

NEWVANGUARD CAPITAL MANAGEMENT$64M471K shr

NEWVANGUARD PORTFOLIO MANAGEMENT$18M136K shr

BOUGHTBlackRock$9M69K shr

BOUGHTGEODE CAPITAL MANAGEMENT$5M35K shr

BOUGHTDIMENSIONAL FUND ADVISORS$4M28K shr

SOLDSTATE STREET$10M78K shr

NEWFIRST TRUST ADVISORS$8M67K shr

BOUGHTDIMENSIONAL FUND ADVISORS$3M25K shr

BOUGHTVANGUARD GROUP$1M10K shr

BOUGHTGEODE CAPITAL MANAGEMENT$1M8K shr

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Institutional Trends (8 Quarters)

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Institutional Holders

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