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Brown & Brown
BRO

715 hedge funds and large institutions have $18B invested in Brown & Brown in 2024 Q1 according to their latest regulatory filings, with 98 funds opening new positions, 271 increasing their positions, 232 reducing their positions, and 58 closing their positions.

New
Increased
Maintained
Reduced
Closed

976% more call options, than puts

Call options by funds: $18.9M | Put options by funds: $1.76M

69% more first-time investments, than exits

New positions opened: 98 | Existing positions closed: 58

36% more funds holding in top 10

Funds holding in top 10: 11 → 15 (+4)

18% more capital invested

Capital invested by funds: $15.3B → $18B (+$2.76B)

17% more repeat investments, than reductions

Existing positions increased: 271 | Existing positions reduced: 232

5% more funds holding

Funds holding: 682 → 715 (+33)

3.33% less ownership

Funds ownership: 75.58% → 72.25% (-3.3%)

Holders
715
Holders Change
+33
Holders Change %
+4.84%
% of All Funds
10.3%
Holding in Top 10
15
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+36.36%
% of All Funds
0.22%
New
98
Increased
271
Reduced
232
Closed
58
Calls
$18.9M
Puts
$1.76M
Net Calls
+$17.2M
Net Calls Change
+$8.51M

Top Buyers

1
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$64.4M
2
Invesco
Invesco
Georgia
+$52.6M
3
Adage Capital Partners
Adage Capital Partners
Massachusetts
+$38.4M
4
Capital World Investors
Capital World Investors
California
+$38.1M
5
Allianz Asset Management
Allianz Asset Management
Germany
+$35.3M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$734M
2
First Eagle Investment Management
First Eagle Investment Management
New York
-$80.3M
3
Select Equity Group
Select Equity Group
New York
-$56.6M
4
Allspring Global Investments
Allspring Global Investments
North Carolina
-$53.4M
5
Millennium Management
Millennium Management
New York
-$50.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
SAM
251
Silphium Asset Management
United Kingdom
$3.14M +$3.3K +41 +0.1%
IF
252
Integrity Financial
Wyoming
$3.13M – – –
ASN
253
Advisory Services Network
Georgia
$3.08M -$183K -2,271 -6%
FNA
254
First National Advisers
Nebraska
$3.01M +$638K +7,932 +25%
CIBC Asset Management
255
CIBC Asset Management
Ontario, Canada
$2.95M +$82.7K +1,029 +3%
KA
256
Klingman & Associates
New York
$2.94M – – –
NYLIM
257
New York Life Investment Management
New York
$2.84M -$99.1K -1,233 -4%
CG
258
Carmignac Gestion
France
$2.76M -$1.25M -15,500 -33%
FMC
259
First Merchants Corp
Indiana
$2.75M -$107K -1,326 -4%
CCA
260
Covey Capital Advisors
Georgia
$2.75M -$282K -3,508 -10%
SPIA
261
Steward Partners Investment Advisory
New York
$2.73M +$151K +1,875 +6%
BNP Paribas Asset Management
262
BNP Paribas Asset Management
France
$2.72M +$1.37M +17,075 +122%
OAM
263
Oppenheimer Asset Management
New York
$2.67M +$322K +4,008 +15%
FCM
264
FJ Capital Management
Virginia
$2.67M +$1.2M +14,927 +96%
Janus Henderson Group
265
Janus Henderson Group
United Kingdom
$2.66M -$47.7K -593 -2%
FHB
266
First Hawaiian Bank
Hawaii
$2.66M -$131K -1,634 -5%
CIC
267
Crawford Investment Counsel
Georgia
$2.64M -$33K -410 -1%
Mirae Asset Global Investments
268
Mirae Asset Global Investments
South Korea
$2.64M +$110K +1,368 +4%
WAP
269
Wealthcare Advisory Partners
Pennsylvania
$2.63M +$2.42M +30,087 New
Bessemer Group
270
Bessemer Group
New Jersey
$2.63M -$203K -2,519 -8%
NAM
271
Nissay Asset Management
Japan
$2.57M +$173K +2,151 +8%
BCIM
272
British Columbia Investment Management
British Columbia, Canada
$2.53M -$7.87M -97,856 -77%
KNW
273
Kesler Norman & Wride
Utah
$2.47M -$243K -3,025 -10%
CCM
274
Coldstream Capital Management
Washington
$2.47M -$264K -3,286 -10%
IWS
275
Insight Wealth Strategies
California
$2.41M +$7.8K +97 +0.4%
9 10
11
12 13

BRO Hedge Fund Activity: Q1 2024 in Review

715 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q1 2024, worth a combined $18B — up 18% from $15.3B a quarter earlier.

Buyers outnumbered sellers: 98 funds opened new BRO positions and 58 closed out — a net gain of 40 holders — while 271 added to existing stakes and 232 trimmed.

The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $64.4M. The largest seller was Morgan Stanley, cutting an estimated $734M.

  • 715 institutional investors held Brown & Brown (BRO) as of Q1 2024, up from 682 in Q4 2023.
  • Funds reported $18B of Brown & Brown stock for Q1 2024, up 18% quarter-over-quarter.
  • 98 funds opened new Brown & Brown positions in Q1 2024 and 58 closed out, a net change of +40 holders.
  • The largest Brown & Brown buyer in Q1 2024 was Manulife (Manufacturers Life Insurance), an estimated $64.4M added.
  • The largest Brown & Brown seller in Q1 2024 was Morgan Stanley, an estimated $734M sold.

Based on aggregated 13F filings for Q1 2024.