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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
ECM
351
Everence Capital Management
Indiana
$1.07M
SAM
352
Securian Asset Management
Minnesota
$1.06M -$139K -1,945 -12%
EI
353
Ethic Inc
New York
$1.05M +$370K +5,175 +54%
QCM
354
QRG Capital Management
Illinois
$1.02M +$134K +1,869 +15%
HAM
355
Harmony Asset Management
Arizona
$1.02M +$1.03M +14,409 New
LSERS
356
Louisiana State Employees Retirement System
Louisiana
$1.02M -$21.4K -300 -2%
CSS
357
Cubist Systematic Strategies
Connecticut
$1.01M -$1.54M -21,562 -60%
Creative Planning
358
Creative Planning
Kansas
$998K +$375K +5,253 +60%
RC
359
Roundview Capital
New Jersey
$994K
BNP Paribas Asset Management
360
BNP Paribas Asset Management
France
$992K -$1.19M -16,716 -55%
MGP
361
Metis Global Partners
California
$961K -$18K -252 -2%
SGI
362
Summit Global Investments
Utah
$960K +$965K +13,495 New
Balyasny Asset Management
363
Balyasny Asset Management
Illinois
$945K -$43.6M -609,565 -98%
SWP
364
Strategic Wealth Partners
Ohio
$939K -$83.3K -1,165 -8%
Mercer Global Advisors
365
Mercer Global Advisors
Colorado
$927K +$209K +2,926 +29%
AQR Capital Management
366
AQR Capital Management
Connecticut
$896K -$753K -10,542 -45%
WS
367
Wedbush Securities
California
$879K +$2.79K +39 +0.3%
NMERB
368
New Mexico Educational Retirement Board
New Mexico
$868K
OAM
369
Ostrum Asset Management
France
$868K +$3.65K +51 +0.4%
HF
370
HRT Financial
New York
$865K -$4.24M -59,333 -83%
CAN
371
Cetera Advisor Networks
California
$854K +$180K +2,524 +27%
CSI
372
Cross Staff Investments
New York
$853K
BPA
373
Beacon Pointe Advisors
California
$852K +$38.2K +534 +5%
AIP
374
Ameritas Investment Partners
Nebraska
$841K -$369K -5,160 -30%
CWP
375
Cyndeo Wealth Partners
Florida
$841K +$929 +13 +0.1%

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.