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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
BAMF
426
BI Asset Management Fondsmaeglerselskab
Denmark
– -$1.16M -31,931 Closed
IP
427
Interval Partners
New York
– -$1.09M -30,000 Closed
SO
428
STRS Ohio
Ohio
– -$764K -21,098 Closed
PIA
429
Piedmont Investment Advisors
North Carolina
– -$679K -18,739 Closed
CI
430
Cavalier Investments
Georgia
– -$663K -18,300 Closed
PP
431
PDT Partners
New York
– -$636K -17,557 Closed
FC
432
FORA Capital
Florida
– -$601K -16,597 Closed
IG
433
ING Group
Netherlands
– -$580K -16,000 Closed
CC
434
Cipher Capital
New York
– -$566K -15,627 Closed
Two Sigma Advisers
435
Two Sigma Advisers
New York
– -$532K -14,700 Closed
HIMCH
436
Hartford Investment Management Co (HIMCO)
Connecticut
– -$500K -13,796 Closed
PC
437
Plaisance Capital
Colorado
– -$478K -13,200 Closed
ICM
438
Intrepid Capital Management
Florida
– -$461K -12,723 Closed
AS
439
Altshuler Shaham
Israel
– -$401K -11,061 Closed
EGM
440
Engineers Gate Manager
New York
– -$331K -9,150 Closed
DCM
441
Driehaus Capital Management
Illinois
– -$322K -8,877 Closed
AL
442
AJO LP
Pennsylvania
– -$312K -8,635 Closed
DS
443
DRW Securities
Illinois
– -$303K -8,379 Closed
HMS
444
Hanseatic Management Services
New Mexico
– -$290K -8,013 Closed
PM
445
Parametrica Management
Hong Kong
– -$262K -7,243 Closed
ATPW
446
Ashton Thomas Private Wealth
Arizona
– -$253K -6,990 Closed
Mirae Asset Global Investments
447
Mirae Asset Global Investments
South Korea
– -$243K -6,730 Closed
CDIA
448
Capital Directions Investment Advisors
Georgia
– -$242K -6,690 Closed
QI
449
Qtron Investments
Massachusetts
– -$239K -6,590 Closed
DWM
450
Darwin Wealth Management
Florida
– -$160K -4,439 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.