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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
MGP
376
Metis Global Partners
California
$1.56M +$96.9K +974 +7%
ECM
377
Everence Capital Management
Indiana
$1.56M – – –
RC
378
Roundview Capital
New Jersey
$1.55M – – –
SEM
379
Suncoast Equity Management
Florida
$1.49M +$39.8K +400 +3%
CL
380
CIM LLC
New York
$1.48M -$50.4K -507 -3%
FT
381
Fiduciary Trust
Massachusetts
$1.46M +$172K +1,732 +14%
EGM
382
Engineers Gate Manager
New York
$1.46M +$1.4M +14,077 New
American Century Companies
383
American Century Companies
Missouri
$1.44M -$263K -2,641 -16%
Wealth Enhancement Advisory Services
384
Wealth Enhancement Advisory Services
Minnesota
$1.44M +$137K +1,380 +11%
MSRPS
385
Maryland State Retirement & Pension System
Maryland
$1.42M -$440K -4,428 -24%
VIG
386
Vienna Insurance Group
Poland
$1.4M -$225K -2,258 -14%
RIM
387
Rakuten Investment Management
Japan
$1.39M +$334K +3,355 +33%
HAIM
388
Hunter Associates Investment Management
Pennsylvania
$1.38M -$239K -2,400 -15%
LSERS
389
Louisiana State Employees Retirement System
Louisiana
$1.38M -$9.95K -100 -0.7%
CA
390
Cullinan Associates
Kentucky
$1.38M – – –
LAM
391
LECAP Asset Management
United Kingdom
$1.38M +$1.32M +13,283 New
ZIM
392
Zacks Investment Management
Illinois
$1.37M -$377K -3,789 -22%
NRD
393
Nebula Research & Development
New York
$1.37M +$1.31M +13,199 New
SAM
394
Securian Asset Management
Minnesota
$1.35M -$47.1K -474 -4%
Nomura Holdings
395
Nomura Holdings
Japan
$1.35M +$314K +3,153 +32%
I
396
InceptionR
California
$1.31M +$1.26M +12,633 New
EWA
397
EP Wealth Advisors
California
$1.29M +$74.9K +753 +6%
II
398
Inspire Investing
Idaho
$1.28M -$178K -1,794 -13%
CWP
399
Cyndeo Wealth Partners
Florida
$1.26M +$36.8K +370 +3%
VIM
400
Vinva Investment Management
Australia
$1.26M +$7.26K +73 +0.6%
14 15
16
17 18

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.