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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
TF
326
Threadgill Financial
Texas
$1.55M +$1.42M +17,705 New
Creative Planning
327
Creative Planning
Kansas
$1.54M +$282K +3,510 +25%
TCM
328
Twin Capital Management
Pennsylvania
$1.54M +$1.41M +17,544 New
BAMF
329
BI Asset Management Fondsmaeglerselskab
Denmark
$1.53M +$841K +10,457 +149%
GT
330
Glenmede Trust
Pennsylvania
$1.52M +$147K +1,834 +12%
Cetera Investment Advisers
331
Cetera Investment Advisers
Illinois
$1.49M +$1.1M +13,649 +404%
EWM
332
Evermay Wealth Management
Virginia
$1.49M -$402 -5 -0%
RJT
333
Raymond James Trust
Florida
$1.48M +$67.6K +841 +5%
Envestnet Portfolio Solutions
334
Envestnet Portfolio Solutions
Illinois
$1.46M +$114K +1,416 +9%
MSRPS
335
Maryland State Retirement & Pension System
Maryland
$1.46M – – –
HAIM
336
Hunter Associates Investment Management
Pennsylvania
$1.46M +$129K +1,600 +11%
SC
337
Savant Capital
Illinois
$1.45M +$70.1K +872 +6%
VIG
338
Vienna Insurance Group
Poland
$1.43M -$23.2K -289 -2%
PP
339
Prudential plc
United Kingdom
$1.39M -$709K -8,822 -36%
WS
340
Wedbush Securities
California
$1.37M +$261K +3,246 +26%
I
341
InceptionR
California
$1.36M +$728K +9,050 +140%
SW
342
SlateStone Wealth
Florida
$1.35M +$785K +9,766 +173%
HIMCH
343
Hartford Investment Management Co (HIMCO)
Connecticut
$1.35M -$47.6K -592 -4%
QCM
344
QRG Capital Management
Illinois
$1.34M +$67.9K +845 +6%
VPIM
345
Vanguard Personalized Indexing Management
California
$1.32M +$307K +3,823 +34%
CL
346
CIM LLC
New York
$1.29M -$10.2K -127 -0.9%
RC
347
Roundview Capital
New Jersey
$1.29M +$57.9K +720 +5%
JF
348
Jump Financial
Illinois
$1.26M -$2.08M -25,893 -64%
American Century Companies
349
American Century Companies
Missouri
$1.26M +$407K +5,057 +54%
SAM
350
Securian Asset Management
Minnesota
$1.21M -$84K -1,045 -7%
12 13
14
15 16

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.