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Brown & Brown

908 hedge funds and large institutions have $27.3B invested in Brown & Brown in 2025 Q1 according to their latest regulatory filings, with 130 funds opening new positions, 339 increasing their positions, 315 reducing their positions, and 83 closing their positions.

New
Increased
Maintained
Reduced
Closed

147% more call options, than puts

Call options by funds: $26.2M | Put options by funds: $10.6M

68% more funds holding in top 10

Funds holding in top 10: 1932 (+13)

57% more first-time investments, than exits

New positions opened: 130 | Existing positions closed: 83

25% more capital invested

Capital invested by funds: $21.9B → $27.3B (+$5.42B)

4% more funds holding

Funds holding: 873908 (+35)

1.62% more ownership

Funds ownership: 75.01%76.62% (+1.6%)

8% more repeat investments, than reductions

Existing positions increased: 339 | Existing positions reduced: 315

Holders
908
Holders Change
+35
Holders Change %
+4.01%
% of All Funds
12.17%
Holding in Top 10
32
Holding in Top 10 Change
+13
Holding in Top 10 Change %
+68.42%
% of All Funds
0.43%
New
130
Increased
339
Reduced
315
Closed
83
Calls
$26.2M
Puts
$10.6M
Net Calls
+$15.6M
Net Calls Change
-$4.27M
Name Holding Trade Value Shares
Change
Change in
Stake
HighTower Advisors
251
HighTower Advisors
Illinois
$5M -$5.15M -46,128 -53%
BNP Paribas Asset Management
252
BNP Paribas Asset Management
France
$4.98M +$328K +2,937 +8%
Susquehanna International Group
253
Susquehanna International Group
Pennsylvania
$4.94M -$5.79M -51,785 -57%
URS
254
Utah Retirement Systems
Utah
$4.9M
MOACM
255
Mutual of America Capital Management
New York
$4.69M -$185K -1,658 -4%
AI
256
Atria Investments
North Carolina
$4.68M +$540K +4,837 +15%
CCA
257
Catalyst Capital Advisors
New York
$4.67M -$243K -2,173 -5%
DLCIG
258
D.L. Carlson Investment Group
New Hampshire
$4.66M -$292K -2,613 -7%
DWA
259
Dorsey Wright & Associates
California
$4.64M +$354K +3,171 +9%
IWS
260
Insight Wealth Strategies
California
$4.54M +$1.15M +10,301 +39%
TSMHT
261
Thurston Springer Miller Herd & Titak
Indiana
$4.52M +$735K +6,581 +22%
Caisse de Depot et Placement du Quebec (CDPQ)
262
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$4.48M -$3.9M -34,879 -49%
LFS
263
Legacy Financial Strategies
Kansas
$4.45M -$690K -6,172 -15%
IF
264
Integrity Financial
Wyoming
$4.45M +$112 +1 +0%
SF
265
Summit Financial
New Jersey
$4.41M +$3.17M +28,390 +404%
FNA
266
First National Advisers
Nebraska
$4.39M +$303K +2,716 +8%
PFSRSONJ
267
Police & Firemen's Retirement System of New Jersey
New Jersey
$4.37M
TF
268
Threadgill Financial
Texas
$4.3M +$18K +161 +0.5%
KBC Group
269
KBC Group
Belgium
$4.29M -$389K -3,481 -9%
SAA
270
Southeast Asset Advisors
Georgia
$4.27M -$836K -7,481 -18%
BFA
271
Brendel Financial Advisors
New Hampshire
$4.24M -$50.3K -450 -1%
Daiwa Securities Group
272
Daiwa Securities Group
Japan
$4.24M +$262K +2,344 +7%
IAA
273
Independent Advisor Alliance
North Carolina
$4.2M -$653K -5,843 -15%
AQR Capital Management
274
AQR Capital Management
Connecticut
$4.13M +$1.04M +9,264 +38%
Mirae Asset Global Investments
275
Mirae Asset Global Investments
South Korea
$4.06M +$376K +3,362 +11%

BRO Hedge Fund Activity: Q1 2025 in Review

908 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q1 2025, worth a combined $27.3B — up 25% from $21.9B a quarter earlier.

Buyers outnumbered sellers: 130 funds opened new BRO positions and 83 closed out — a net gain of 47 holders — while 339 added to existing stakes and 315 trimmed.

The largest buyer was Parnassus Investments, opening a new position worth an estimated $808M. The largest seller was Select Equity Group, cutting an estimated $190M.

  • 908 institutional investors held Brown & Brown (BRO) as of Q1 2025, up from 873 in Q4 2024.
  • Funds reported $27.3B of Brown & Brown stock for Q1 2025, up 25% quarter-over-quarter.
  • 130 funds opened new Brown & Brown positions in Q1 2025 and 83 closed out, a net change of +47 holders.
  • The largest Brown & Brown buyer in Q1 2025 was Parnassus Investments, an estimated $808M added.
  • The largest Brown & Brown seller in Q1 2025 was Select Equity Group, an estimated $190M sold.

Based on aggregated 13F filings for Q1 2025.