Brown & Brown
626 hedge funds and large institutions have $14.1B invested in Brown & Brown in 2023 Q3 according to their latest regulatory filings, with 68 funds opening new positions, 218 increasing their positions, 222 reducing their positions, and 41 closing their positions.
123% more call options, than puts
Call options by funds: $12.5M | Put options by funds: $5.58M
66% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 41
17% more funds holding in top 10
Funds holding in top 10: 12 → 14 (+2)
4% more funds holding
Funds holding: 604 → 626 (+22)
1% more capital invested
Capital invested by funds: $13.9B → $14.1B (+$191M)
0.61% less ownership
Funds ownership: 71.59% → 70.98% (-0.61%)
2% less repeat investments, than reductions
Existing positions increased: 218 | Existing positions reduced: 222
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$54.8M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$44.4M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$32.8M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$28.4M |
| 5 |
Robeco Institutional Asset Management
Rotterdam,
Netherlands
|
+$26.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
-$68.3M |
| 2 |
Morgan Stanley
New York
|
-$38.7M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$36M |
| 4 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
-$32.9M |
| 5 |
BlackRock
New York
|
-$31M |
BRO Hedge Fund Activity: Q3 2023 in Review
626 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q3 2023, worth a combined $14.1B — up 1.4% from $13.9B a quarter earlier.
Buyers outnumbered sellers: 68 funds opened new BRO positions and 41 closed out — a net gain of 27 holders — while 218 added to existing stakes and 222 trimmed.
The largest buyer was Assenagon Asset Management, adding an estimated $54.8M. The largest seller was Select Equity Group, cutting an estimated $68.3M.
- 626 institutional investors held Brown & Brown (BRO) as of Q3 2023, up from 604 in Q2 2023.
- Funds reported $14.1B of Brown & Brown stock for Q3 2023, up 1.4% quarter-over-quarter.
- 68 funds opened new Brown & Brown positions in Q3 2023 and 41 closed out, a net change of +27 holders.
- The largest Brown & Brown buyer in Q3 2023 was Assenagon Asset Management, an estimated $54.8M added.
- The largest Brown & Brown seller in Q3 2023 was Select Equity Group, an estimated $68.3M sold.
Based on aggregated 13F filings for Q3 2023.