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Brown & Brown

682 hedge funds and large institutions have $15.3B invested in Brown & Brown in 2023 Q4 according to their latest regulatory filings, with 108 funds opening new positions, 241 increasing their positions, 227 reducing their positions, and 45 closing their positions.

New
Increased
Maintained
Reduced
Closed

471% more call options, than puts

Call options by funds: $10.5M | Put options by funds: $1.84M

140% more first-time investments, than exits

New positions opened: 108 | Existing positions closed: 45

9% more funds holding

Funds holding: 626682 (+56)

8% more capital invested

Capital invested by funds: $14.1B → $15.3B (+$1.17B)

4.61% more ownership

Funds ownership: 70.98%75.58% (+4.6%)

6% more repeat investments, than reductions

Existing positions increased: 241 | Existing positions reduced: 227

21% less funds holding in top 10

Funds holding in top 10: 1411 (-3)

Holders
682
Holders Change
+56
Holders Change %
+8.95%
% of All Funds
9.94%
Holding in Top 10
11
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-21.43%
% of All Funds
0.16%
New
108
Increased
241
Reduced
227
Closed
45
Calls
$10.5M
Puts
$1.84M
Net Calls
+$8.67M
Net Calls Change
+$1.8M
Name Holding Trade Value Shares
Change
Change in
Stake
ASN
251
Advisory Services Network
Georgia
$2.66M -$23.1K -323 -0.9%
VNIM
252
Vaughan Nelson Investment Management
Texas
$2.65M -$1.54M -21,585 -37%
Canada Pension Plan Investment Board
253
Canada Pension Plan Investment Board
Ontario, Canada
$2.63M
Public Sector Pension Investment Board (PSP Investments)
254
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.62M -$1.31M -18,314 -33%
Mirae Asset Global Investments
255
Mirae Asset Global Investments
South Korea
$2.62M -$1.23M -17,140 -32%
RJFSA
256
Raymond James Financial Services Advisors
Florida
$2.57M -$65.3K -914 -2%
AIM
257
Access Investment Management
Georgia
$2.57M +$2.58M +36,103 New
SAM
258
Silphium Asset Management
United Kingdom
$2.55M +$1.13M +15,800 +79%
IF
259
Integrity Financial
Wyoming
$2.54M -$83.1K -1,162 -3%
CCA
260
Covey Capital Advisors
Georgia
$2.48M
NYLIM
261
New York Life Investment Management
New York
$2.39M -$10K -140 -0.4%
KA
262
Klingman & Associates
New York
$2.38M
FMC
263
First Merchants Corp
Indiana
$2.33M -$27.2K -380 -1%
CIBC Asset Management
264
CIBC Asset Management
Ontario, Canada
$2.32M -$93.2K -1,304 -4%
Bessemer Group
265
Bessemer Group
New Jersey
$2.31M -$124K -1,729 -5%
FHB
266
First Hawaiian Bank
Hawaii
$2.28M +$954K +13,352 +72%
FNA
267
First National Advisers
Nebraska
$2.26M +$560K +7,834 +33%
VI
268
Versor Investments
New York
$2.26M +$2.03M +28,334 +810%
CCM
269
Coldstream Capital Management
Washington
$2.24M -$17.9K -250 -0.8%
CC
270
Centiva Capital
New York
$2.24M -$188K -2,627 -8%
KNW
271
Kesler Norman & Wride
Utah
$2.23M -$41K -574 -2%
Janus Henderson Group
272
Janus Henderson Group
United Kingdom
$2.21M -$13.1K -183 -0.6%
CIC
273
Crawford Investment Counsel
Georgia
$2.17M -$15.2K -213 -0.7%
QT
274
Quantbot Technologies
New York
$2.11M -$4.15M -58,065 -66%
TCM
275
Teza Capital Management
Illinois
$2.1M +$2.11M +29,504 New

BRO Hedge Fund Activity: Q4 2023 in Review

682 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q4 2023, worth a combined $15.3B — up 8.3% from $14.1B a quarter earlier.

Buyers outnumbered sellers: 108 funds opened new BRO positions and 45 closed out — a net gain of 63 holders — while 241 added to existing stakes and 227 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $619M. The largest seller was First Trust Advisors, cutting an estimated $172M.

  • 682 institutional investors held Brown & Brown (BRO) as of Q4 2023, up from 626 in Q3 2023.
  • Funds reported $15.3B of Brown & Brown stock for Q4 2023, up 8.3% quarter-over-quarter.
  • 108 funds opened new Brown & Brown positions in Q4 2023 and 45 closed out, a net change of +63 holders.
  • The largest Brown & Brown buyer in Q4 2023 was Morgan Stanley, an estimated $619M added.
  • The largest Brown & Brown seller in Q4 2023 was First Trust Advisors, an estimated $172M sold.

Based on aggregated 13F filings for Q4 2023.