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Brown & Brown

682 hedge funds and large institutions have $15.3B invested in Brown & Brown in 2023 Q4 according to their latest regulatory filings, with 108 funds opening new positions, 241 increasing their positions, 227 reducing their positions, and 45 closing their positions.

New
Increased
Maintained
Reduced
Closed

471% more call options, than puts

Call options by funds: $10.5M | Put options by funds: $1.84M

140% more first-time investments, than exits

New positions opened: 108 | Existing positions closed: 45

9% more funds holding

Funds holding: 626682 (+56)

8% more capital invested

Capital invested by funds: $14.1B → $15.3B (+$1.17B)

4.61% more ownership

Funds ownership: 70.98%75.58% (+4.6%)

6% more repeat investments, than reductions

Existing positions increased: 241 | Existing positions reduced: 227

21% less funds holding in top 10

Funds holding in top 10: 1411 (-3)

Holders
682
Holders Change
+56
Holders Change %
+8.95%
% of All Funds
9.94%
Holding in Top 10
11
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-21.43%
% of All Funds
0.16%
New
108
Increased
241
Reduced
227
Closed
45
Calls
$10.5M
Puts
$1.84M
Net Calls
+$8.67M
Net Calls Change
+$1.8M
Name Holding Trade Value Shares
Change
Change in
Stake
SC
301
Sepio Capital
Utah
$1.59M +$7.29K +102 +0.5%
PA
302
Procyon Advisors
Connecticut
$1.56M +$45K +630 +3%
SIC
303
Salem Investment Counselors
North Carolina
$1.56M
CGH
304
Crossmark Global Holdings
Texas
$1.56M -$27.8K -389 -2%
SMDAM
305
Sumitomo Mitsui DS Asset Management
Japan
$1.55M
PAM
306
Panagora Asset Management
Massachusetts
$1.55M -$104K -1,452 -6%
Fuller & Thaler Asset Management
307
Fuller & Thaler Asset Management
California
$1.5M +$245K +3,431 +19%
EMPI
308
Elo Mutual Pension Insurance
Finland
$1.5M +$58.5K +818 +4%
ST
309
Sabal Trust
Florida
$1.48M -$168K -2,345 -10%
CAM
310
Cacti Asset Management
Georgia
$1.48M
IMRF
311
Illinois Municipal Retirement Fund
Illinois
$1.47M
PI
312
PGGM Investments
Netherlands
$1.46M +$973K +13,616 +195%
TRSOTSOK
313
Teachers Retirement System of the State of Kentucky
Kentucky
$1.44M -$66.7K -933 -4%
NA
314
NewEdge Advisors
Louisiana
$1.43M -$21.7K -304 -2%
GIBU
315
Gulf International Bank (UK)
United Kingdom
$1.42M -$183K -2,566 -11%
AI
316
Atria Investments
North Carolina
$1.42M -$261K -3,658 -16%
KeyBank National Association
317
KeyBank National Association
Ohio
$1.41M +$252K +3,524 +22%
OTL
318
Oak Thistle LLC
New York
$1.4M -$815K -11,406 -37%
II
319
Inspire Investing
Idaho
$1.4M +$68K +952 +5%
TI
320
Tidal Investments
Wisconsin
$1.38M -$1.19M -16,633 -46%
N
321
Natixis
France
$1.38M -$18.9M -264,179 -93%
Northwestern Mutual Wealth Management
322
Northwestern Mutual Wealth Management
Wisconsin
$1.37M -$432K -6,038 -24%
Nordea Investment Management
323
Nordea Investment Management
Sweden
$1.37M +$47.5K +665 +4%
CI
324
CX Institutional
Indiana
$1.36M -$4.72K -66 -0.3%
KRS
325
Kentucky Retirement Systems
Kentucky
$1.34M +$643 +9 +0%

BRO Hedge Fund Activity: Q4 2023 in Review

682 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q4 2023, worth a combined $15.3B — up 8.3% from $14.1B a quarter earlier.

Buyers outnumbered sellers: 108 funds opened new BRO positions and 45 closed out — a net gain of 63 holders — while 241 added to existing stakes and 227 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $619M. The largest seller was First Trust Advisors, cutting an estimated $172M.

  • 682 institutional investors held Brown & Brown (BRO) as of Q4 2023, up from 626 in Q3 2023.
  • Funds reported $15.3B of Brown & Brown stock for Q4 2023, up 8.3% quarter-over-quarter.
  • 108 funds opened new Brown & Brown positions in Q4 2023 and 45 closed out, a net change of +63 holders.
  • The largest Brown & Brown buyer in Q4 2023 was Morgan Stanley, an estimated $619M added.
  • The largest Brown & Brown seller in Q4 2023 was First Trust Advisors, an estimated $172M sold.

Based on aggregated 13F filings for Q4 2023.