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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
SI
276
Stephens Inc
Arkansas
$2.41M +$92.6K +1,152 +4%
AM
277
AGF Management
Ontario, Canada
$2.36M -$1.44M -17,940 -40%
Rockefeller Capital Management
278
Rockefeller Capital Management
New York
$2.32M +$2.13M +26,453 New
Pathstone Holdings
279
Pathstone Holdings
New Jersey
$2.3M +$244K +3,035 +13%
SOADOR
280
State of Alaska Department of Revenue
Alaska
$2.24M +$10K +125 +0.5%
Daiwa Securities Group
281
Daiwa Securities Group
Japan
$2.24M +$245K +3,044 +14%
Public Employees Retirement Association of Colorado
282
Public Employees Retirement Association of Colorado
Colorado
$2.23M -$120K -1,494 -6%
AQR Capital Management
283
AQR Capital Management
Connecticut
$2.2M +$1M +12,496 +99%
CL
284
Choreo LLC
Illinois
$2.16M -$100K -1,250 -5%
VNIM
285
Vaughan Nelson Investment Management
Texas
$2.14M -$1.03M -12,850 -34%
BFPW
286
BOK Financial Private Wealth
Colorado
$2.12M -$157K -1,956 -7%
Fuller & Thaler Asset Management
287
Fuller & Thaler Asset Management
California
$2.1M +$233K +2,902 +14%
HA
288
Harbor Advisors
Florida
$2.1M – – –
DADC
289
D.A. Davidson & Co
Montana
$2.09M -$29.5K -367 -2%
AI
290
Atria Investments
North Carolina
$2.07M +$304K +3,780 +19%
ST
291
Sabal Trust
Florida
$2.03M +$189K +2,345 +11%
PIWA
292
Prevail Innovative Wealth Advisors
Kansas
$1.99M +$1.57M +19,579 +620%
SMDAM
293
Sumitomo Mitsui DS Asset Management
Japan
$1.95M +$35.9K +447 +2%
CGH
294
Crossmark Global Holdings
Texas
$1.94M +$11.6K +144 +0.7%
EMPI
295
Elo Mutual Pension Insurance
Finland
$1.94M +$85K +1,057 +5%
PA
296
Procyon Advisors
Connecticut
$1.93M +$4.1K +51 +0.2%
AI
297
Atom Investors
Texas
$1.93M +$529K +6,585 +43%
SIC
298
Salem Investment Counselors
North Carolina
$1.93M – – –
TC
299
TAP Consulting
Missouri
$1.91M +$1.75M +21,772 New
KeyBank National Association
300
KeyBank National Association
Ohio
$1.89M +$138K +1,719 +9%
10 11
12
13 14

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.