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Brown & Brown

231 hedge funds and large institutions have $3.07B invested in Brown & Brown in 2014 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 83 increasing their positions, 88 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

212% more call options, than puts

Call options by funds: $106K | Put options by funds: $34K

3% less capital invested

Capital invested by funds: $3.18B → $3.07B (-$110M)

6% less repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 88

2% less funds holding

Funds holding: 236231 (-5)

4.53% less ownership

Funds ownership: 142.51%137.98% (-4.5%)

14% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 29

50% less funds holding in top 10

Funds holding in top 10: 42 (-2)

Holders
231
Holders Change
-5
Holders Change %
-2.12%
% of All Funds
6.64%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.06%
New
25
Increased
83
Reduced
88
Closed
29
Calls
$106K
Puts
$34K
Net Calls
+$72K
Net Calls Change
+$56K
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$40.4M +$161K +10,698 +0.4%
ESCM
27
Echo Street Capital Management
New York
$37.1M -$829K -55,152 -2%
VFA
28
Virtus Fund Advisers
Connecticut
$35.4M +$34.6M +2,303,778 New
WIM
29
Weitz Investment Management
Nebraska
$32.9M +$930K +61,854 +3%
Northern Trust
30
Northern Trust
Illinois
$29.6M -$5.01M -333,352 -15%
NFA
31
Nationwide Fund Advisors
Ohio
$27.5M +$2.2M +146,240 +9%
Franklin Resources
32
Franklin Resources
California
$26.8M +$12.6M +839,080 +92%
ClearBridge Investments
33
ClearBridge Investments
New York
$26.6M -$8.72M -579,886 -25%
HIM
34
Hermes Investment Management
United Kingdom
$25.5M -$4.08M -271,734 -14%
Loomis, Sayles & Company
35
Loomis, Sayles & Company
Massachusetts
$25.3M -$791K -52,646 -3%
Dimensional Fund Advisors
36
Dimensional Fund Advisors
Texas
$21.9M +$495K +32,948 +2%
Geode Capital Management
37
Geode Capital Management
Massachusetts
$19.2M +$749K +49,800 +4%
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$15.9M +$854K +56,802 +6%
Legal & General Group
39
Legal & General Group
United Kingdom
$15.1M +$30.1K +2,000 +0.2%
PC
40
Polar Capital
United Kingdom
$15M -$736K -49,000 -5%
Two Sigma Investments
41
Two Sigma Investments
New York
$14.8M +$587K +39,052 +4%
Millennium Management
42
Millennium Management
New York
$14.4M +$13.7M +909,640 +3,451%
California Public Employees Retirement System
43
California Public Employees Retirement System
California
$12.6M -$451K -30,000 -4%
WA
44
Westport Advisers
Connecticut
$12.4M -$150K -10,000 -1%
Two Sigma Advisers
45
Two Sigma Advisers
New York
$11.8M +$1.73M +115,000 +18%
MSA
46
Mason Street Advisors
Wisconsin
$11.7M +$5.24M +348,868 +85%
MG
47
Markel Group
Virginia
$11.2M
HCM
48
Highbridge Capital Management
New York
$10.8M -$2.4M -159,990 -18%
CIM
49
Confluence Investment Management
Missouri
$10.7M +$619K +41,198 +6%
BIM
50
BlackRock Investment Management
Delaware
$10.5M +$34.1K +2,266 +0.3%

BRO Hedge Fund Activity: Q2 2014 in Review

231 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q2 2014, worth a combined $3.07B — down 3.5% from $3.18B a quarter earlier.

Sellers outnumbered buyers: 29 funds closed out of BRO and 25 opened new positions — a net loss of 4 holders — while 88 trimmed existing stakes and 83 added.

The largest buyer was Altrinsic Global Advisors, adding an estimated $58M. The largest seller was T. Rowe Price Associates, cutting an estimated $109M.

  • 231 institutional investors held Brown & Brown (BRO) as of Q2 2014, down from 236 in Q1 2014.
  • Funds reported $3.07B of Brown & Brown stock for Q2 2014, down 3.5% quarter-over-quarter.
  • 25 funds opened new Brown & Brown positions in Q2 2014 and 29 closed out, a net change of -4 holders.
  • The largest Brown & Brown buyer in Q2 2014 was Altrinsic Global Advisors, an estimated $58M added.
  • The largest Brown & Brown seller in Q2 2014 was T. Rowe Price Associates, an estimated $109M sold.

Based on aggregated 13F filings for Q2 2014.