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Brown & Brown
BRO

817 hedge funds and large institutions have $21.7B invested in Brown & Brown in 2024 Q3 according to their latest regulatory filings, with 117 funds opening new positions, 309 increasing their positions, 265 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

2,381% more call options, than puts

Call options by funds: $28.5M | Put options by funds: $1.15M

134% more first-time investments, than exits

New positions opened: 117 | Existing positions closed: 50

29% more funds holding in top 10

Funds holding in top 10: 14 → 18 (+4)

17% more repeat investments, than reductions

Existing positions increased: 309 | Existing positions reduced: 265

16% more capital invested

Capital invested by funds: $18.7B → $21.7B (+$2.97B)

8% more funds holding

Funds holding: 755 → 817 (+62)

0.07% more ownership

Funds ownership: 73.35% → 73.42% (+0.07%)

Holders
817
Holders Change
+62
Holders Change %
+8.21%
% of All Funds
11.73%
Holding in Top 10
18
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+28.57%
% of All Funds
0.26%
New
117
Increased
309
Reduced
265
Closed
50
Calls
$28.5M
Puts
$1.15M
Net Calls
+$27.4M
Net Calls Change
+$1.75M

Top Buyers

1
Capital World Investors
Capital World Investors
California
+$219M
2
BlackRock
BlackRock
New York
+$124M
3
GC
Gobi Capital
California
+$98.3M
4
Invesco
Invesco
Georgia
+$82.9M
5
Millennium Management
Millennium Management
New York
+$46.7M

Top Sellers

1
Select Equity Group
Select Equity Group
New York
-$354M
2
APG Asset Management
APG Asset Management
Netherlands
-$223M
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$103M
4
SAM
Storebrand Asset Management
Norway
-$78.5M
5
CCP
Clarkston Capital Partners
Michigan
-$60.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
GVAG
251
Great Valley Advisor Group
Delaware
$4.16M +$2.31M +23,240 +137%
URS
252
Utah Retirement Systems
Utah
$4.08M +$9.95K +100 +0.3%
OCA
253
Otter Creek Advisors
Florida
$4.06M +$156K +1,564 +4%
EFP
254
Elser Financial Planning
Indiana
$4.02M -$94.5K -950 -2%
SAM
255
Silphium Asset Management
United Kingdom
$3.96M +$3.38K +34 +0.1%
DC
256
Davenport & Co
Virginia
$3.94M -$56.6K -569 -1%
SPIA
257
Steward Partners Investment Advisory
New York
$3.92M -$86K -865 -2%
TAF
258
Tredje AP-fonden
Sweden
$3.89M – – –
CIBC Asset Management
259
CIBC Asset Management
Ontario, Canada
$3.83M +$262K +2,636 +8%
HC
260
Henshaw Capital
Massachusetts
$3.78M -$634K -6,371 -15%
BFA
261
Brendel Financial Advisors
New Hampshire
$3.74M -$71.2K -716 -2%
FNA
262
First National Advisers
Nebraska
$3.72M +$163K +1,641 +5%
IF
263
Integrity Financial
Wyoming
$3.71M – – –
Cetera Investment Advisers
264
Cetera Investment Advisers
Illinois
$3.67M +$801K +8,057 +29%
AI
265
Atria Investments
North Carolina
$3.63M +$437K +4,397 +14%
TCM
266
Teza Capital Management
Illinois
$3.56M +$2.21M +22,231 +184%
Bank of Nova Scotia
267
Bank of Nova Scotia
Ontario, Canada
$3.55M +$528K +5,306 +18%
Connor, Clark & Lunn Investment Management (CC&L)
268
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$3.55M +$3.41M +34,287 New
AAF
269
Andra AP-fonden
Sweden
$3.52M -$2.96M -29,800 -47%
TF
270
Threadgill Financial
Texas
$3.46M +$1.5M +15,082 +82%
DWA
271
Dorsey Wright & Associates
California
$3.41M +$3.27M +32,876 New
VNIM
272
Vaughan Nelson Investment Management
Texas
$3.38M +$148K +1,485 +5%
OSAM
273
O'Shaughnessy Asset Management
Connecticut
$3.36M +$500K +5,026 +19%
US Bancorp
274
US Bancorp
Minnesota
$3.34M -$325K -3,269 -9%
NYLIM
275
New York Life Investment Management
New York
$3.28M -$104K -1,041 -3%
9 10
11
12 13

BRO Hedge Fund Activity: Q3 2024 in Review

817 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q3 2024, worth a combined $21.7B — up 16% from $18.7B a quarter earlier.

Buyers outnumbered sellers: 117 funds opened new BRO positions and 50 closed out — a net gain of 67 holders — while 309 added to existing stakes and 265 trimmed.

The largest buyer was Capital World Investors, adding an estimated $219M. The largest seller was Select Equity Group, cutting an estimated $354M.

  • 817 institutional investors held Brown & Brown (BRO) as of Q3 2024, up from 755 in Q2 2024.
  • Funds reported $21.7B of Brown & Brown stock for Q3 2024, up 16% quarter-over-quarter.
  • 117 funds opened new Brown & Brown positions in Q3 2024 and 50 closed out, a net change of +67 holders.
  • The largest Brown & Brown buyer in Q3 2024 was Capital World Investors, an estimated $219M added.
  • The largest Brown & Brown seller in Q3 2024 was Select Equity Group, an estimated $354M sold.

Based on aggregated 13F filings for Q3 2024.