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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
Schroder Investment Management Group
351
Schroder Investment Management Group
United Kingdom
$1.86M -$530K -5,334 -23%
BF
352
BOK Financial
Oklahoma
$1.86M -$6.66K -67 -0.4%
PI
353
PGGM Investments
Netherlands
$1.85M – – –
SC
354
Savant Capital
Illinois
$1.84M +$127K +1,278 +8%
TRSOTSOK
355
Teachers Retirement System of the State of Kentucky
Kentucky
$1.83M -$106K -1,062 -6%
TCM
356
Twin Capital Management
Pennsylvania
$1.81M -$14.3K -144 -0.8%
TWM
357
Trueblood Wealth Management
Ohio
$1.81M -$25.2K -253 -1%
Mercer Global Advisors
358
Mercer Global Advisors
Colorado
$1.81M +$315K +3,171 +23%
PIWA
359
Prevail Innovative Wealth Advisors
Kansas
$1.81M – – –
EWM
360
Evermay Wealth Management
Virginia
$1.76M – – –
GRP
361
Global Retirement Partners
California
$1.74M -$46.2K -465 -3%
Envestnet Portfolio Solutions
362
Envestnet Portfolio Solutions
Illinois
$1.73M -$78.3K -787 -5%
SC
363
Sepio Capital
Utah
$1.72M -$408K -4,098 -20%
KRS
364
Kentucky Retirement Systems
Kentucky
$1.71M -$134K -1,347 -8%
EI
365
Ethic Inc
New York
$1.69M +$121K +1,219 +7%
NA
366
NewEdge Advisors
Louisiana
$1.67M -$345K -3,474 -18%
GT
367
Glenmede Trust
Pennsylvania
$1.66M -$397K -3,995 -20%
PP
368
Prudential plc
United Kingdom
$1.65M – – –
MLM
369
Mount Lucas Management
Pennsylvania
$1.62M -$1.28M -12,865 -45%
Walleye Capital
370
Walleye Capital
New York
$1.61M +$1.2M +12,041 +346%
SW
371
SlateStone Wealth
Florida
$1.59M – – –
MSU
372
Mizuho Securities USA
New York
$1.59M -$288K -2,897 -16%
GT
373
Greenleaf Trust
Michigan
$1.59M +$1.13M +11,411 +291%
Capstone Investment Advisors
374
Capstone Investment Advisors
New York
$1.58M +$570K +5,727 +60%
HIMCH
375
Hartford Investment Management Co (HIMCO)
Connecticut
$1.57M -$17.8K -179 -1%
13 14
15
16 17

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.