FJ Capital Management’s Brown & Brown BRO Stock Holding History

FJ 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	-47,837	Closed	-$4.49M	–	141
2025 Q3	$4.49M	Buy	47,837 +11,879	+33%	+$1.16M	0.48%	47
2025 Q2	$3.99M	Buy	+35,958	New	+$4.04M	0.42%	45
2024 Q4	–	Sell	-27,929	Closed	-$2.89M	–	120
2024 Q3	$2.89M	Sell	27,929 -1,591	-5%	-$158K	0.3%	55
2024 Q2	$2.64M	Sell	29,520 -953	-3%	-$82.7K	0.28%	53
2024 Q1	$2.67M	Buy	30,473 +14,927	+96%	+$1.2M	0.27%	52
2023 Q4	$1.11M	Sell	15,546 -5,823	-27%	-$416K	0.11%	87
2023 Q3	$1.49M	Buy	21,369 +11,534	+117%	+$823K	0.17%	75
2023 Q2	$677K	Buy	+9,835	New	+$626K	0.09%	80

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 $3.37T AUM 44.26% 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

FJ Capital Management's BRO Position: Q4 2025 in Review

FJ Capital Management sold out of Brown & Brown (BRO) in Q4 2025, closing a stake of 47,837 shares — an estimated $4.49M sold.

FJ Capital Management first reported a position in BRO in Q2 2023 and held it in 8 quarters. The position peaked at $4.49M in Q3 2025. 889 funds tracked by Wall St. Rank hold BRO as of Q4 2025.

FJ Capital Management reported no remaining Brown & Brown position as of Q4 2025 after selling out during the quarter.
FJ Capital Management sold 47,837 Brown & Brown shares in Q4 2025, an estimated $4.49M.
FJ Capital Management first reported a position in Brown & Brown in Q2 2023 and held it in 8 quarters.
FJ Capital Management's Brown & Brown position peaked at $4.49M in Q3 2025.
889 funds tracked by Wall St. Rank held Brown & Brown as of Q4 2025.

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