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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
QI
451
Qtron Investments
Massachusetts
$870K +$835K +8,398 New
M&T Bank
452
M&T Bank
New York
$870K -$31.1K -313 -4%
SFSG
453
Sound Financial Strategies Group
Mississippi
$861K -$15.4K -155 -2%
CB
454
Centennial Bank
Arkansas
$847K -$50.4K -507 -6%
IIC
455
Integrated Investment Consultants
Michigan
$845K -$106K -1,069 -12%
RJT
456
Raymond James Trust
Florida
$843K -$562K -5,655 -41%
MFG
457
Monte Financial Group
Connecticut
$841K +$6.07K +61 +0.8%
BHCM
458
Brevan Howard Capital Management
Jersey
$839K +$805K +8,098 New
OAM
459
Occidental Asset Management
California
$835K -$28.8K -290 -3%
SIA
460
SkyView Investment Advisors
New Jersey
$833K +$16K +161 +2%
IMCOOI
461
Investment Management Corp of Ontario (IMCO)
Canada
$827K +$249K +2,500 +46%
PP
462
Paloma Partners
Connecticut
$824K +$339K +3,404 +75%
CA
463
CoreCap Advisors
Michigan
$823K +$790K +7,948 New
RL
464
Retireful LLC
Michigan
$814K -$275K -2,764 -26%
PWG
465
Portside Wealth Group
Utah
$813K +$40K +402 +5%
FTDI
466
First Trust Direct Indexing
Massachusetts
$806K +$97.1K +976 +14%
TRCT
467
Tower Research Capital (TRC)
New York
$786K -$1.77M -17,826 -70%
CS
468
Cannell & Spears
New York
$780K +$47.7K +480 +7%
NMIMC
469
Northwestern Mutual Investment Management Company
Wisconsin
$777K -$3.08K -31 -0.4%
TMAM
470
Tokio Marine Asset Management
Japan
$777K +$40.4K +406 +6%
HCA
471
Hyperion Capital Advisors
New York
$777K – – –
HIM
472
Hanlon Investment Management
New Jersey
$777K +$746K +7,498 New
BCM
473
Brookstone Capital Management
Illinois
$776K -$19.6K -197 -3%
PAG
474
Private Advisor Group
New Jersey
$774K +$154K +1,544 +26%
BBVA
475
Banco Bilbao Vizcaya Argentaria
Spain
$765K +$31K +312 +4%
17 18
19
20 21

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.