Dark Forest Capital Management’s Brown & Brown BRO Stock Holding History

Dark Forest Capital Management’s Portfolio BRO Stock Details BRO Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-24,689	Closed	-$2.32M	–	999
2025 Q3	$2.32M	Buy	24,689 +17,572	+247%	+$1.71M	0.09%	411
2025 Q2	$789K	Buy	+7,117	New	+$800K	0.03%	810
2024 Q4	–	Sell	-2,106	Closed	-$218K	–	963
2024 Q3	$218K	Buy	+2,106	New	+$209K	0.03%	834
2023 Q4	–	Sell	-25,567	Closed	-$1.79M	–	538
2023 Q3	$1.79M	Sell	25,567 -191	-0.7%	-$13.6K	0.14%	173
2023 Q2	$1.77M	Buy	25,758 +23,279	+939%	+$1.48M	0.16%	98
2023 Q1	$142K	Buy	+2,479	New	+$142K	0.03%	539
2022 Q2	–	Sell	-130	Closed	-$9K	–	923
2022 Q1	$9K	Sell	130 -3,542	-96%	-$238K	﹤0.01%	1008
2021 Q4	$258K	Buy	+3,672	New	+$237K	0.1%	188

Other funds holding BRO

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return

Principal Financial Group Des Moines, Iowa $204B AUM 27.99% 1-Year Est. Return

State Street Boston, Massachusetts $3.38T AUM 44.17% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Select Equity Group New York $20.2B AUM 17.52% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Norges Bank Oslo, Norway $1T AUM

Parnassus Investments San Francisco, California $37.4B AUM 35.42% 1-Year Est. Return

Dark Forest Capital Management's BRO Position: Q4 2025 in Review

Dark Forest Capital Management sold out of Brown & Brown (BRO) in Q4 2025, closing a stake of 24,689 shares — an estimated $2.32M sold.

Dark Forest Capital Management first reported a position in BRO in Q4 2021 and held it in 8 quarters. The position peaked at $2.32M in Q3 2025. 889 funds tracked by Wall St. Rank hold BRO as of Q4 2025.

Dark Forest Capital Management reported no remaining Brown & Brown position as of Q4 2025 after selling out during the quarter.
Dark Forest Capital Management sold 24,689 Brown & Brown shares in Q4 2025, an estimated $2.32M.
Dark Forest Capital Management first reported a position in Brown & Brown in Q4 2021 and held it in 8 quarters.
Dark Forest Capital Management's Brown & Brown position peaked at $2.32M in Q3 2025.
889 funds tracked by Wall St. Rank held Brown & Brown as of Q4 2025.

Based on Dark Forest Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.