Brown & Brown
271 hedge funds and large institutions have $4.59B invested in Brown & Brown in 2016 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 99 increasing their positions, 85 reducing their positions, and 26 closing their positions.
179% more call options, than puts
Call options by funds: $588K | Put options by funds: $211K
75% more funds holding in top 10
Funds holding in top 10: 4 → 7 (+3)
58% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 26
19% more capital invested
Capital invested by funds: $3.86B → $4.59B (+$726M)
16% more repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 85
5% more funds holding
Funds holding: 258 → 271 (+13)
1.08% less ownership
Funds ownership: 146.94% → 145.86% (-1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$66.1M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
+$20.4M |
| 3 |
Select Equity Group
New York
|
+$20.2M |
| 4 |
CRM
Capital Returns Management
Rye,
New York
|
+$18.6M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$15.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$63M |
| 2 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$37.2M |
| 3 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
-$21.9M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$20.9M |
| 5 |
Renaissance Technologies
New York
|
-$10.6M |
BRO Hedge Fund Activity: Q4 2016 in Review
271 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q4 2016, worth a combined $4.59B — up 19% from $3.86B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new BRO positions and 26 closed out — a net gain of 15 holders — while 99 added to existing stakes and 85 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $66.1M. The largest seller was Hotchkis & Wiley Capital Management, cutting an estimated $63M.
- 271 institutional investors held Brown & Brown (BRO) as of Q4 2016, up from 258 in Q3 2016.
- Funds reported $4.59B of Brown & Brown stock for Q4 2016, up 19% quarter-over-quarter.
- 41 funds opened new Brown & Brown positions in Q4 2016 and 26 closed out, a net change of +15 holders.
- The largest Brown & Brown buyer in Q4 2016 was Citadel Advisors, an estimated $66.1M added.
- The largest Brown & Brown seller in Q4 2016 was Hotchkis & Wiley Capital Management, an estimated $63M sold.
Based on aggregated 13F filings for Q4 2016.