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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
CCA
276
Covey Capital Advisors
Georgia
$3.27M -$78.4K -788 -2%
CIC
277
Crawford Investment Counsel
Georgia
$3.22M +$995 +10 +0%
CL
278
Choreo LLC
Illinois
$3.21M -$65.5K -659 -2%
ASN
279
Advisory Services Network
Georgia
$3.19M – – –
NAM
280
Nissay Asset Management
Japan
$3.17M +$57.5K +578 +2%
MPA
281
Marvin & Palmer Associates
Delaware
$3.13M +$3M +30,184 New
JWM
282
Jackson Wealth Management
Florida
$3.13M +$3M +30,176 New
AM
283
AGF Management
Ontario, Canada
$3.12M +$324K +3,260 +12%
CCM
284
Coldstream Capital Management
Washington
$3.11M +$109K +1,100 +4%
Creative Planning
285
Creative Planning
Kansas
$3.1M +$11.1K +112 +0.4%
CIG
286
CHB Investment Group
Pennsylvania
$3.08M +$2.96M +29,754 New
FTIS
287
First Trust Investment Solutions
Florida
$3.07M +$2.94M +29,600 New
DADC
288
D.A. Davidson & Co
Montana
$3.05M +$82.3K +828 +3%
P
289
&Partners
Tennessee
$3.05M +$1.2M +12,034 +69%
Daiwa Securities Group
290
Daiwa Securities Group
Japan
$3.04M +$308K +3,101 +12%
MML Investors Services
291
MML Investors Services
Massachusetts
$2.97M +$23.6K +237 +0.8%
WAP
292
Wealthcare Advisory Partners
Pennsylvania
$2.95M -$78.2K -786 -3%
FA
293
Faithward Advisors
Pennsylvania
$2.94M +$2.53M +25,391 +847%
JSSH
294
J. Safra Sarasin Holding
$2.92M -$87.9K -884 -3%
FCM
295
FJ Capital Management
Virginia
$2.89M -$158K -1,591 -5%
PIM
296
Penobscot Investment Management
Massachusetts
$2.88M – – –
WAM
297
Weiss Asset Management
Massachusetts
$2.88M +$2.76M +27,787 New
SOADOR
298
State of Alaska Department of Revenue
Alaska
$2.85M +$176K +1,765 +7%
MWM
299
Moran Wealth Management
Florida
$2.85M +$2.73M +27,476 New
OAM
300
Oppenheimer Asset Management
New York
$2.84M -$271K -2,724 -9%
10 11
12
13 14

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.