We are live on ! Find out more
BRO icon

Brown & Brown
BRO

715 hedge funds and large institutions have $18B invested in Brown & Brown in 2024 Q1 according to their latest regulatory filings, with 98 funds opening new positions, 271 increasing their positions, 232 reducing their positions, and 58 closing their positions.

New
Increased
Maintained
Reduced
Closed

976% more call options, than puts

Call options by funds: $18.9M | Put options by funds: $1.76M

69% more first-time investments, than exits

New positions opened: 98 | Existing positions closed: 58

36% more funds holding in top 10

Funds holding in top 10: 11 → 15 (+4)

18% more capital invested

Capital invested by funds: $15.3B → $18B (+$2.76B)

17% more repeat investments, than reductions

Existing positions increased: 271 | Existing positions reduced: 232

5% more funds holding

Funds holding: 682 → 715 (+33)

3.33% less ownership

Funds ownership: 75.58% → 72.25% (-3.3%)

Holders
715
Holders Change
+33
Holders Change %
+4.84%
% of All Funds
10.3%
Holding in Top 10
15
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+36.36%
% of All Funds
0.22%
New
98
Increased
271
Reduced
232
Closed
58
Calls
$18.9M
Puts
$1.76M
Net Calls
+$17.2M
Net Calls Change
+$8.51M

Top Buyers

1
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$64.4M
2
Invesco
Invesco
Georgia
+$52.6M
3
Adage Capital Partners
Adage Capital Partners
Massachusetts
+$38.4M
4
Capital World Investors
Capital World Investors
California
+$38.1M
5
Allianz Asset Management
Allianz Asset Management
Germany
+$35.3M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$734M
2
First Eagle Investment Management
First Eagle Investment Management
New York
-$80.3M
3
Select Equity Group
Select Equity Group
New York
-$56.6M
4
Allspring Global Investments
Allspring Global Investments
North Carolina
-$53.4M
5
Millennium Management
Millennium Management
New York
-$50.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAPTRUST Financial Advisors
226
CAPTRUST Financial Advisors
North Carolina
$3.91M -$2.55M -31,738 -42%
QCM
227
Quantinno Capital Management
New York
$3.89M +$176K +2,185 +5%
FAF
228
Första AP-fonden
Sweden
$3.89M +$394K +4,900 +12%
MOACM
229
Mutual of America Capital Management
New York
$3.79M -$50.7K -631 -1%
HC
230
Henshaw Capital
Massachusetts
$3.75M – – –
KFA
231
Kelleher Financial Advisors
New York
$3.68M – – –
CCA
232
Catalyst Capital Advisors
New York
$3.66M -$54.3K -675 -2%
CNB
233
Czech National Bank
Czech Republic
$3.64M +$15.4K +191 +0.5%
Osaic Holdings
234
Osaic Holdings
Arizona
$3.61M -$5.81M -72,314 -64%
URS
235
Utah Retirement Systems
Utah
$3.58M – – –
X
236
Xponance
Pennsylvania
$3.58M +$179K +2,232 +6%
BBVA
237
Banco Bilbao Vizcaya Argentaria
Spain
$3.56M -$18.6K -231 -0.6%
LFS
238
Legacy Financial Strategies
Kansas
$3.56M -$4.66K -58 -0.1%
IIC
239
Ironwood Investment Counsel
Arizona
$3.54M -$52.7K -655 -2%
KBC Group
240
KBC Group
Belgium
$3.5M -$225K -2,799 -7%
Jane Street
241
Jane Street
New York
$3.47M +$2.63M +32,666 +469%
Zurich Cantonal Bank
242
Zurich Cantonal Bank
Switzerland
$3.44M -$80.1K -996 -2%
DnB Asset Management
243
DnB Asset Management
Norway
$3.42M +$45.9K +571 +1%
AIM
244
Achmea Investment Management
Netherlands
$3.38M +$1.24M +15,367 +66%
TAF
245
Tredje AP-fonden
Sweden
$3.34M – – –
Mackenzie Financial
246
Mackenzie Financial
Ontario, Canada
$3.29M +$979K +12,180 +48%
Public Sector Pension Investment Board (PSP Investments)
247
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$3.26M +$33.3K +414 +1%
US Bancorp
248
US Bancorp
Minnesota
$3.25M -$271K -3,368 -8%
TIM
249
Triad Investment Management
California
$3.19M -$149K -1,859 -5%
AIM
250
Access Investment Management
Georgia
$3.16M +$1.21K +15 +0%
8 9
10
11 12

BRO Hedge Fund Activity: Q1 2024 in Review

715 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q1 2024, worth a combined $18B — up 18% from $15.3B a quarter earlier.

Buyers outnumbered sellers: 98 funds opened new BRO positions and 58 closed out — a net gain of 40 holders — while 271 added to existing stakes and 232 trimmed.

The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $64.4M. The largest seller was Morgan Stanley, cutting an estimated $734M.

  • 715 institutional investors held Brown & Brown (BRO) as of Q1 2024, up from 682 in Q4 2023.
  • Funds reported $18B of Brown & Brown stock for Q1 2024, up 18% quarter-over-quarter.
  • 98 funds opened new Brown & Brown positions in Q1 2024 and 58 closed out, a net change of +40 holders.
  • The largest Brown & Brown buyer in Q1 2024 was Manulife (Manufacturers Life Insurance), an estimated $64.4M added.
  • The largest Brown & Brown seller in Q1 2024 was Morgan Stanley, an estimated $734M sold.

Based on aggregated 13F filings for Q1 2024.