Brown & Brown
251 hedge funds and large institutions have $3.36B invested in Brown & Brown in 2013 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 113 increasing their positions, 75 reducing their positions, and 22 closing their positions.
68% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 22
51% more repeat investments, than reductions
Existing positions increased: 113 | Existing positions reduced: 75
5% more funds holding
Funds holding: 238 → 251 (+13)
2.33% more ownership
Funds ownership: 142.4% → 144.73% (+2.3%)
3% more capital invested
Capital invested by funds: $3.28B → $3.36B (+$84M)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KI
Kalmar Investments
Greenville,
Delaware
|
+$52.3M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$46.9M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$42.5M |
| 4 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$33.9M |
| 5 |
FPP
Findlay Park Partners
London,
United Kingdom
|
+$30.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$82.7M |
| 2 |
CCI
Columbus Circle Investors
|
-$49.5M |
| 3 |
Millennium Management
New York
|
-$30.8M |
| 4 |
Bank of New York Mellon
New York
|
-$22M |
| 5 |
CCM
Century Capital Management
Boston,
Massachusetts
|
-$21.8M |
BRO Hedge Fund Activity: Q3 2013 in Review
251 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q3 2013, worth a combined $3.36B — up 2.6% from $3.28B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new BRO positions and 22 closed out — a net gain of 15 holders — while 113 added to existing stakes and 75 trimmed.
The largest buyer was Kalmar Investments, opening a new position worth an estimated $52.3M. The largest seller was Citadel Advisors, cutting an estimated $82.7M.
- 251 institutional investors held Brown & Brown (BRO) as of Q3 2013, up from 238 in Q2 2013.
- Funds reported $3.36B of Brown & Brown stock for Q3 2013, up 2.6% quarter-over-quarter.
- 37 funds opened new Brown & Brown positions in Q3 2013 and 22 closed out, a net change of +15 holders.
- The largest Brown & Brown buyer in Q3 2013 was Kalmar Investments, an estimated $52.3M added.
- The largest Brown & Brown seller in Q3 2013 was Citadel Advisors, an estimated $82.7M sold.
Based on aggregated 13F filings for Q3 2013.