Brown & Brown
259 hedge funds and large institutions have $3.16B invested in Brown & Brown in 2013 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 97 increasing their positions, 99 reducing their positions, and 23 closing their positions.
43% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 23
3% more funds holding
Funds holding: 251 → 259 (+8)
2% less repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 99
6% less capital invested
Capital invested by funds: $3.36B → $3.16B (-$200M)
6% less ownership
Funds ownership: 144.73% → 138.72% (-6%)
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$125M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$35.2M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$17.8M |
| 4 |
ESCM
Echo Street Capital Management
New York
|
+$14.2M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$11.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRM
Cramer Rosenthal McGlynn
Stamford,
Connecticut
|
-$85.5M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$55.7M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$42.4M |
| 4 |
Bank of New York Mellon
New York
|
-$38.9M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$34.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
276
William Blair & Company
Chicago,
Illinois
| – | -$368K | -23,002 | Closed |
|
|
FCBT
277
First Citizens Bank & Trust
Raleigh,
North Carolina
| – | -$356K | -22,210 | Closed |
|
|
TH
278
Timber Hill
Greenwich,
Connecticut
| – | -$293K | -18,226 | Closed |
|
|
TC
279
TFS Capital
West Chester,
Pennsylvania
| – | -$277K | -17,282 | Closed |
|
|
B
280
Barings
Charlotte,
North Carolina
| – | -$205K | -12,800 | Closed |
|
|
IC
281
IKOS CIF
Limassol,
Cyprus
| – | -$50K | -3,094 | Closed |
|
|
SF
282
Synovus Financial
Columbus,
Georgia
| – | -$45K | -2,776 | Closed |
|
|
OC
283
Oakworth Capital
Birmingham,
Alabama
| – | +$222 | +14 | New |
|
BRO Hedge Fund Activity: Q4 2013 in Review
259 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q4 2013, worth a combined $3.16B — down 6% from $3.36B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new BRO positions and 23 closed out — a net gain of 10 holders — while 97 added to existing stakes and 99 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $125M. The largest seller was Cramer Rosenthal McGlynn, exiting entirely with an estimated $85.5M sold.
- 259 institutional investors held Brown & Brown (BRO) as of Q4 2013, up from 251 in Q3 2013.
- Funds reported $3.16B of Brown & Brown stock for Q4 2013, down 6% quarter-over-quarter.
- 33 funds opened new Brown & Brown positions in Q4 2013 and 23 closed out, a net change of +10 holders.
- The largest Brown & Brown buyer in Q4 2013 was Citadel Advisors, an estimated $125M added.
- The largest Brown & Brown seller in Q4 2013 was Cramer Rosenthal McGlynn, an estimated $85.5M sold.
Based on aggregated 13F filings for Q4 2013.