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Brown & Brown
BRO

417 hedge funds and large institutions have $8.3B invested in Brown & Brown in 2020 Q2 according to their latest regulatory filings, with 63 funds opening new positions, 149 increasing their positions, 146 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

58% more first-time investments, than exits

New positions opened: 63 | Existing positions closed: 40

31% more call options, than puts

Call options by funds: $6M | Put options by funds: $4.59M

11% more capital invested

Capital invested by funds: $7.5B → $8.3B (+$806M)

5% more funds holding

Funds holding: 396 → 417 (+21)

2% more repeat investments, than reductions

Existing positions increased: 149 | Existing positions reduced: 146

0.98% less ownership

Funds ownership: 73.03% → 72.05% (-0.98%)

13% less funds holding in top 10

Funds holding in top 10: 8 → 7 (-1)

Holders
417
Holders Change
+21
Holders Change %
+5.3%
% of All Funds
8.55%
Holding in Top 10
7
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-12.5%
% of All Funds
0.14%
New
63
Increased
149
Reduced
146
Closed
40
Calls
$6M
Puts
$4.59M
Net Calls
+$1.41M
Net Calls Change
-$3.1M

Top Buyers

1
ACM
Atlanta Capital Management
Georgia
+$49.6M
2
Select Equity Group
Select Equity Group
New York
+$26.4M
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$19.3M
4
KA
Kerrisdale Advisers
Florida
+$12M
5
Wells Fargo
Wells Fargo
California
+$11.6M

Top Sellers

1
Victory Capital Management
Victory Capital Management
Texas
-$105M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$45.8M
3
Renaissance Technologies
Renaissance Technologies
New York
-$38.8M
4
State Street
State Street
Massachusetts
-$30.2M
5
Janus Henderson Group
Janus Henderson Group
United Kingdom
-$19.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
EWP
401
Engrave Wealth Partners
Texas
$4K -$347 -9 -7%
RIM
402
Rockbridge Investment Management
New York
$4K +$3.4K +88 New
SWA
403
Sutton Wealth Advisors
Florida
$3.99K +$193 +5 +5%
PA
404
Parallel Advisors
California
$3K -$1.08K -28 -24%
GWS
405
Glassman Wealth Services
Virginia
$3K -$77 -2 -3%
HNB
406
Huntington National Bank
Ohio
$3K – – –
ZB
407
Zions Bancorporation
Utah
$3K – – –
OSAM
408
O'Shaughnessy Asset Management
Connecticut
$3K +$2.78K +72 +1,029%
WT
409
Washington Trust
Rhode Island
$2K -$193 -5 -10%
AWM
410
Atticus Wealth Management
Florida
$2K -$77 -2 -5%
BAM
411
Bellevue Asset Management
Washington
$2K -$77 -2 -5%
SIM
412
Sonora Investment Management
Arizona
$2K +$1.7K +44 New
PMFA
413
Plante Moran Financial Advisors
Michigan
$2K +$1.89K +49 New
LC
414
Lindbrook Capital
California
$1K -$2.39K -62 -65%
VCM
415
Versant Capital Management
Arizona
$1K -$116 -3 -7%
EARNEST Partners
416
EARNEST Partners
Georgia
$1K – – –
TI
417
tru Independence
Oregon
$827 +$783K +20,289 New
BPIM
418
Brant Point Investment Management
New York
– -$5.98M -165,000 Closed
Voloridge Investment Management
419
Voloridge Investment Management
Florida
– -$4.48M -123,603 Closed
Point72 Asset Management
420
Point72 Asset Management
Connecticut
– -$4.08M -112,599 Closed
QIM
421
Quantitative Investment Management
Virginia
– -$2.1M -57,934 Closed
SLAM
422
Swiss Life Asset Management
– -$1.98M -54,762 Closed
VLC
423
Van Leeuwen & Company
New Jersey
– -$1.77M -48,800 Closed
FAF
424
Första AP-fonden
Sweden
– -$1.66M -45,800 Closed
MERSOM
425
Municipal Employees' Retirement System of Michigan
Michigan
– -$1.59M -43,890 Closed
15 16
17
18 19

BRO Hedge Fund Activity: Q2 2020 in Review

417 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q2 2020, worth a combined $8.3B — up 11% from $7.5B a quarter earlier.

Buyers outnumbered sellers: 63 funds opened new BRO positions and 40 closed out — a net gain of 23 holders — while 149 added to existing stakes and 146 trimmed.

The largest buyer was Atlanta Capital Management, adding an estimated $49.6M. The largest seller was Victory Capital Management, cutting an estimated $105M.

  • 417 institutional investors held Brown & Brown (BRO) as of Q2 2020, up from 396 in Q1 2020.
  • Funds reported $8.3B of Brown & Brown stock for Q2 2020, up 11% quarter-over-quarter.
  • 63 funds opened new Brown & Brown positions in Q2 2020 and 40 closed out, a net change of +23 holders.
  • The largest Brown & Brown buyer in Q2 2020 was Atlanta Capital Management, an estimated $49.6M added.
  • The largest Brown & Brown seller in Q2 2020 was Victory Capital Management, an estimated $105M sold.

Based on aggregated 13F filings for Q2 2020.