Brown & Brown
231 hedge funds and large institutions have $3.07B invested in Brown & Brown in 2014 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 83 increasing their positions, 88 reducing their positions, and 29 closing their positions.
212% more call options, than puts
Call options by funds: $106K | Put options by funds: $34K
3% less capital invested
Capital invested by funds: $3.18B → $3.07B (-$110M)
6% less repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 88
2% less funds holding
Funds holding: 236 → 231 (-5)
4.53% less ownership
Funds ownership: 142.51% → 137.98% (-4.5%)
14% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 29
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AGA
Altrinsic Global Advisors
Stamford,
Connecticut
|
+$58M |
| 2 |
First Eagle Investment Management
New York
|
+$55.7M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$51.9M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$31.9M |
| 5 |
Diamond Hill Capital Management
Columbus,
Ohio
|
+$21.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$109M |
| 2 |
MA
Marshfield Associates
Washington,
District of Columbia
|
-$96M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$89.3M |
| 4 |
RA
Royce & Associates
New York
|
-$19.7M |
| 5 |
SGAM
Smith Group Asset Management
Dallas,
Texas
|
-$15.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
251
Rafferty Asset Management
New York
| – | -$413K | -26,834 | Closed |
|
|
SCA
252
SAC Capital Advisors
Stamford,
Connecticut
| – | -$411K | -26,752 | Closed |
|
253
Los Angeles Capital Management
Los Angeles,
California
| – | -$356K | -23,128 | Closed |
|
|
AB
254
Amalgamated Bank
New York
| – | -$247K | -16,064 | Closed |
|
|
DCM
255
Dynamic Capital Management
St. Helier,
Jersey
| – | -$239K | -15,532 | Closed |
|
256
Jane Street
New York
| – | -$221K | -14,346 | Closed |
|
|
PP
257
Palladium Partners
Norfolk,
Virginia
| – | -$74K | -4,800 | Closed |
|
|
PCM
258
Prelude Capital Management
New York
| – | -$19K | -1,220 | Closed |
|
|
HR
259
Howe & Rusling
Rochester,
New York
| – | -$6K | -412 | Closed |
|
BRO Hedge Fund Activity: Q2 2014 in Review
231 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q2 2014, worth a combined $3.07B — down 3.5% from $3.18B a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of BRO and 25 opened new positions — a net loss of 4 holders — while 88 trimmed existing stakes and 83 added.
The largest buyer was Altrinsic Global Advisors, adding an estimated $58M. The largest seller was T. Rowe Price Associates, cutting an estimated $109M.
- 231 institutional investors held Brown & Brown (BRO) as of Q2 2014, down from 236 in Q1 2014.
- Funds reported $3.07B of Brown & Brown stock for Q2 2014, down 3.5% quarter-over-quarter.
- 25 funds opened new Brown & Brown positions in Q2 2014 and 29 closed out, a net change of -4 holders.
- The largest Brown & Brown buyer in Q2 2014 was Altrinsic Global Advisors, an estimated $58M added.
- The largest Brown & Brown seller in Q2 2014 was T. Rowe Price Associates, an estimated $109M sold.
Based on aggregated 13F filings for Q2 2014.