Brown & Brown
324 hedge funds and large institutions have $5.95B invested in Brown & Brown in 2018 Q3 according to their latest regulatory filings, with 39 funds opening new positions, 132 increasing their positions, 95 reducing their positions, and 20 closing their positions.
95% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 20
39% more repeat investments, than reductions
Existing positions increased: 132 | Existing positions reduced: 95
8% more capital invested
Capital invested by funds: $5.53B → $5.95B (+$425M)
6% more funds holding
Funds holding: 307 → 324 (+17)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
0.83% less ownership
Funds ownership: 73.04% → 72.21% (-0.83%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
+$79.3M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$58.5M |
| 3 |
APG Asset Management
Amsterdam,
Netherlands
|
+$31.2M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
+$26.3M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Eagle Investment Management
New York
|
-$76.1M |
| 2 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$32.4M |
| 3 |
Millennium Management
New York
|
-$31.7M |
| 4 |
MWNA
Marshall Wace North America
New York
|
-$30.8M |
| 5 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$26.2M |
BRO Hedge Fund Activity: Q3 2018 in Review
324 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q3 2018, worth a combined $5.95B — up 7.7% from $5.53B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new BRO positions and 20 closed out — a net gain of 19 holders — while 132 added to existing stakes and 95 trimmed.
The largest buyer was Select Equity Group, adding an estimated $79.3M. The largest seller was First Eagle Investment Management, cutting an estimated $76.1M.
- 324 institutional investors held Brown & Brown (BRO) as of Q3 2018, up from 307 in Q2 2018.
- Funds reported $5.95B of Brown & Brown stock for Q3 2018, up 7.7% quarter-over-quarter.
- 39 funds opened new Brown & Brown positions in Q3 2018 and 20 closed out, a net change of +19 holders.
- The largest Brown & Brown buyer in Q3 2018 was Select Equity Group, an estimated $79.3M added.
- The largest Brown & Brown seller in Q3 2018 was First Eagle Investment Management, an estimated $76.1M sold.
Based on aggregated 13F filings for Q3 2018.