Brookfield Q1 2026: BAM Is 71.44% of 13F

TL;DR: BROOKFIELD Corp /ON/ reported a $74.23B 13F value for 2026Q1, and the filing is not a normal diversified manager snapshot. BAM alone was $53.03B, or 71.44% of the reported 13F value, while the top five holdings represented 92.5% of the book.

That concentration is the point. Brookfield is a large active alternative-asset manager and holding company associated with Bruce Flatt, not a passive index fund or market maker. Its Form 13F-HR for report date 2026-03-31, accession 0001193125-26-227044, captures U.S.-listed public securities reported to the SEC; it does not represent Brookfield's full private alternatives platform or total firm AUM.

Current Brookfield context matters: the company has been emphasizing operating businesses, wealth solutions, asset management fundraising, and a simpler corporate structure in 2026. The 13F does not show the whole private-assets machine, but it does show where the public-equity layer is anchored.

What casual 13F readers miss in Brookfield's Q1 filing

The casual takeaway would be that Brookfield had a $74.23B public-equity filing with 132 positions. The better read is that the public book is shaped like a holding-company map: one dominant BAM position, a second energy-infrastructure sleeve in CQP, a Brookfield Business exposure in BBUC, and a long tail of much smaller utility, infrastructure, and energy names.

The chart makes the asymmetry hard to miss. BAM's $53.03B position is not merely the largest line item; it is larger than the next several public positions combined. CQP was $6.57B, BBUC was $4.52B, G16258108 was $2.65B, and BN was $1.89B. Those are meaningful exposures, but they sit underneath a single dominant public-market anchor.

The top five explain almost the entire 13F

Brookfield's Q1 2026 13F is best read through concentration before sector labels. The top holding was 71.44% of the book. The second holding was 8.85%. The third was 6.08%. By the time the fifth line item is included, only 7.51% of the reported 13F value remains outside the top five.

That is why the filing should not be treated like a conventional active-manager portfolio where every addition implies a fresh security-selection thesis. Brookfield's listed holdings are partly a window into corporate structure, permanent-capital vehicles, affiliates, and public real-asset exposure. For investors using 13F data, the right question is not simply "what did Brookfield buy?" It is "which listed entities carry Brookfield's economic exposure this quarter?"

Reported value fell, but the book stayed large

The canonical history shows Brookfield's reported 13F value at $80.76B in 2025Q4 and $74.23B in 2026Q1, a -8.1% quarter-over-quarter move. Holdings count moved from 134 to 136. That combination points to a lower reported value, not a wholesale disappearance of the public-equity sleeve.

The historical line is also a reminder to handle Brookfield carefully. The 13F value has moved between $15.95B, $17.69B, $16.43B, $75.38B, $82.19B, $16.49B, $80.76B, and $74.23B across the displayed quarters. Those swings make sense only if the filing is interpreted as a public-securities disclosure layer, not as a full map of Brookfield's alternatives franchise.

How to read the energy and infrastructure sleeve

Below the BAM anchor, the named public positions lean toward energy, infrastructure, and utility-like exposure. CQP was $6.57B, BEPC was $402.1M, WMB was $377.6M, TRGP was $366.7M, TAC was $354.3M, and LNG was $256.1M. These positions make the public filing useful as a real-assets watchlist even though it is incomplete by design.

For a retail investor, the practical lesson is to separate two signals. First, BAM dominates the reported public-equity value. Second, the smaller positions show where the public sleeve touches infrastructure and energy markets. Both signals are useful, but neither should be confused with Brookfield's full private portfolio.

Investor takeaway

Brookfield's Q1 2026 filing is research-grade because it is unusually explicit about concentration. A $74.23B reported 13F value sounds broad at first glance, yet 71.44% in BAM and 92.5% in the top five holdings make it a focused public-market disclosure. Use the filing as a map of listed exposures around Brookfield's active alternatives platform, not as a complete measure of the firm's total assets.

Readers can track the full Brookfield filing history on Brookfield's 13F profile and compare individual public holdings such as Brookfield Asset Management, Cheniere Energy Partners, and Brookfield Business Corporation as future quarters update.

FAQ

What does Brookfield hold in Q1 2026?

Brookfield's Q1 2026 13F shows a $74.23B reported value across 132 positions, led by BAM at $53.03B and 71.44% of the filing.

Is Brookfield's 13F the same as its total firm AUM?

No. Brookfield's 13F reports U.S.-listed public securities disclosed to the SEC. It should not be treated as the firm's full private alternatives book or total firm AUM.

Why is BAM so large in Brookfield's 13F?

BAM is the dominant public-market anchor in Brookfield's Q1 2026 13F, representing $53.03B and 71.44% of the reported filing value.

Did Brookfield's reported 13F value rise or fall in Q1 2026?

Brookfield's reported 13F value fell from $80.76B in 2025Q4 to $74.23B in 2026Q1, a -8.1% quarter-over-quarter move in the canonical history.