Brown & Brown
231 hedge funds and large institutions have $3.29B invested in Brown & Brown in 2014 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 78 increasing their positions, 88 reducing their positions, and 25 closing their positions.
12% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 25
7% more capital invested
Capital invested by funds: $3.07B → $3.29B (+$215M)
3.42% more ownership
Funds ownership: 137.98% → 141.4% (+3.4%)
0% more funds holding
Funds holding: 231 → 231 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
11% less repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 88
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MA
Marshfield Associates
Washington,
District of Columbia
|
+$51.7M |
| 2 |
First Eagle Investment Management
New York
|
+$46.9M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
+$38.1M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$30M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$24.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
-$36.4M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$34.1M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$28.4M |
| 4 |
ClearBridge Investments
New York
|
-$27.4M |
| 5 |
ESCM
Echo Street Capital Management
New York
|
-$21.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BRWA
251
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$67.9K | -4,424 | Closed |
|
|
IC
252
IKOS CIF
Limassol,
Cyprus
| – | -$24K | -1,600 | Closed |
|
|
LNB
253
Ledyard National Bank
| – | -$4K | -274 | Closed |
|
|
S
254
SignatureFD
Atlanta,
Georgia
| – | -$2K | -162 | Closed |
|
255
Bessemer Group
Woodbridge,
New Jersey
| – | -$2K | -144 | Closed |
|
BRO Hedge Fund Activity: Q3 2014 in Review
231 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q3 2014, worth a combined $3.29B — up 7% from $3.07B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new BRO positions and 25 closed out — a net gain of 3 holders — while 78 added to existing stakes and 88 trimmed.
The largest buyer was Marshfield Associates, opening a new position worth an estimated $51.7M. The largest seller was Virtus Fund Advisers, cutting an estimated $36.4M.
- 231 institutional investors held Brown & Brown (BRO) as of Q3 2014, unchanged from Q2 2014.
- Funds reported $3.29B of Brown & Brown stock for Q3 2014, up 7% quarter-over-quarter.
- 28 funds opened new Brown & Brown positions in Q3 2014 and 25 closed out, a net change of +3 holders.
- The largest Brown & Brown buyer in Q3 2014 was Marshfield Associates, an estimated $51.7M added.
- The largest Brown & Brown seller in Q3 2014 was Virtus Fund Advisers, an estimated $36.4M sold.
Based on aggregated 13F filings for Q3 2014.