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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
IIC
301
Ironwood Investment Counsel
Arizona
$2.83M -$74.6K -750 -3%
IWS
302
Insight Wealth Strategies
California
$2.8M -$88.9K -894 -3%
SSA
303
Schonfeld Strategic Advisors
New York
$2.68M +$2.57M +25,863 New
SI
304
Stephens Inc
Arkansas
$2.66M -$98.8K -993 -4%
PAM
305
Panagora Asset Management
Massachusetts
$2.64M -$16.4K -165 -0.6%
Fuller & Thaler Asset Management
306
Fuller & Thaler Asset Management
California
$2.61M +$59.2K +595 +2%
Janus Henderson Group
307
Janus Henderson Group
United Kingdom
$2.61M – – –
SMDAM
308
Sumitomo Mitsui DS Asset Management
Japan
$2.6M +$244K +2,454 +11%
AIM
309
Access Investment Management
Georgia
$2.59M -$1.12M -11,213 -31%
TC
310
TAP Consulting
Missouri
$2.52M +$52.2K +525 +2%
BNP Paribas Asset Management
311
BNP Paribas Asset Management
France
$2.5M -$524K -5,265 -18%
PA
312
Procyon Advisors
Connecticut
$2.49M -$10.6K -107 -0.4%
HA
313
Harbor Advisors
Florida
$2.49M – – –
Bessemer Group
314
Bessemer Group
New Jersey
$2.47M -$435K -4,374 -16%
AIM
315
Achmea Investment Management
Netherlands
$2.46M -$1.73M -17,364 -42%
Mirae Asset Global ETFs Holdings
316
Mirae Asset Global ETFs Holdings
Hong Kong
$2.42M -$42.7K -429 -2%
VPIM
317
Vanguard Personalized Indexing Management
California
$2.39M +$356K +3,584 +18%
CGH
318
Crossmark Global Holdings
Texas
$2.38M +$11.2K +113 +0.5%
IA
319
IFP Advisors
Florida
$2.37M +$726K +7,298 +47%
ST
320
Sabal Trust
Florida
$2.37M +$196K +1,968 +9%
Cambridge Investment Research Advisors
321
Cambridge Investment Research Advisors
Iowa
$2.35M +$95.8K +963 +4%
QCM
322
Qsemble Capital Management
New York
$2.32M +$2.23M +22,389 New
AQR Capital Management
323
AQR Capital Management
Connecticut
$2.32M +$1.01M +10,160 +82%
KNW
324
Kesler Norman & Wride
Utah
$2.31M -$383K -3,853 -15%
SIC
325
Salem Investment Counselors
North Carolina
$2.28M – – –
11 12
13
14 15

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.