National Pension Service’s Brown & Brown BRO Stock Holding History

National Pension Service’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
2026 Q2	$2.08M	Sell	32,463 -470,131	-94%	-$28.7M	﹤0.01%	500
2026 Q1	$32.8M	Sell	502,594 -1,010	-0.2%	-$72.8K	0.02%	390
2025 Q4	$40.1M	Buy	503,604 +151,373	+43%	+$12.6M	0.03%	387
2025 Q3	$33M	Buy	352,231 +7,994	+2%	+$779K	0.03%	389
2025 Q2	$38.2M	Buy	344,237 +2,724	+0.8%	+$306K	0.03%	368
2025 Q1	$42.5M	Buy	341,513 +1,321	+0.4%	+$148K	0.04%	326
2024 Q4	$34.7M	Sell	340,192 -26,327	-7%	-$2.81M	0.03%	387
2024 Q3	$38M	Buy	366,519 +8,776	+2%	+$873K	0.04%	378
2024 Q2	$32M	Sell	357,743 -9,978	-3%	-$866K	0.04%	387
2024 Q1	$32.2M	Buy	367,721 +4,214	+1%	+$339K	0.04%	392
2023 Q4	$25.8M	Hold	363,507	–	–	0.04%	417
2023 Q3	$25.8M	Sell	363,507 -20,949	-5%	-$1.49M	0.04%	389
2023 Q2	$26M	Sell	384,456 -3,417	-0.9%	-$217K	0.04%	407
2023 Q1	$22M	Sell	387,873 -30	-0%	-$1.72K	0.04%	421
2022 Q4	$22.1M	Buy	387,903 +12,581	+3%	+$736K	0.04%	427
2022 Q3	$22.9M	Sell	375,322 -10,097	-3%	-$635K	0.05%	394
2022 Q2	$22.5M	Buy	385,419 +4	+0%	+$246	0.05%	419
2022 Q1	$27.9M	Buy	385,415 +385,389	+1,482,265%	+$25.8M	0.05%	413
2021 Q4	$2K	Hold	26	–	–	﹤0.01%	515
2021 Q3	$1K	Sell	26 -10,794	-100%	-$602K	﹤0.01%	498
2021 Q2	$575K	Buy	10,820 +1,293	+14%	+$66.5K	﹤0.01%	483
2021 Q1	$435K	Sell	9,527 -18,736	-66%	-$860K	﹤0.01%	486
2020 Q4	$1.34M	Buy	28,263 +9,200	+48%	+$423K	﹤0.01%	456
2020 Q3	$855K	Hold	19,063	–	–	﹤0.01%	450
2020 Q2	$777K	Buy	+19,063	New	+$735K	﹤0.01%	449

Other funds holding BRO

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

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

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

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

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

First Eagle Investment Management New York $59.9B AUM 27.01% 1-Year Est. Return

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

Norges Bank Oslo, Norway $1T AUM

Deutsche Bank Frankfurt Am Main Ge, Germany $344B AUM 42.99% 1-Year Est. Return

National Pension Service's BRO Position: Q2 2026 in Review

National Pension Service reduced its Brown & Brown (BRO) stake by 94% in Q2 2026, selling an estimated $28.7M and leaving 32,463 shares worth $2.08M. The position accounts for ﹤0.01% of the portfolio, ranked #500.

National Pension Service first reported a position in BRO in Q2 2020 and has held it in 25 quarters since. The position peaked at $42.5M in Q1 2025. 650 funds tracked by Wall St. Rank hold BRO as of Q2 2026.

National Pension Service held 32,463 shares of Brown & Brown worth $2.08M as of Q2 2026.
National Pension Service sold 470,131 Brown & Brown shares in Q2 2026, an estimated $28.7M.
Brown & Brown made up ﹤0.01% of National Pension Service's portfolio in Q2 2026, its #500 holding.
National Pension Service first reported a position in Brown & Brown in Q2 2020 and has held it in 25 quarters since.
National Pension Service's Brown & Brown position peaked at $42.5M in Q1 2025.
650 funds tracked by Wall St. Rank held Brown & Brown as of Q2 2026.

Based on National Pension Service's 13F filing for Q2 2026, filed 13 Aug 2026.