Brown & Brown
682 hedge funds and large institutions have $15.3B invested in Brown & Brown in 2023 Q4 according to their latest regulatory filings, with 108 funds opening new positions, 241 increasing their positions, 227 reducing their positions, and 45 closing their positions.
471% more call options, than puts
Call options by funds: $10.5M | Put options by funds: $1.84M
140% more first-time investments, than exits
New positions opened: 108 | Existing positions closed: 45
9% more funds holding
Funds holding: 626 → 682 (+56)
8% more capital invested
Capital invested by funds: $14.1B → $15.3B (+$1.17B)
4.61% more ownership
Funds ownership: 70.98% → 75.58% (+4.6%)
6% more repeat investments, than reductions
Existing positions increased: 241 | Existing positions reduced: 227
21% less funds holding in top 10
Funds holding in top 10: 14 → 11 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$619M |
| 2 |
SAM
Storebrand Asset Management
Lysaker,
Norway
|
+$148M |
| 3 |
CAM
Congress Asset Management
Boston,
Massachusetts
|
+$82.9M |
| 4 |
Man Group
London,
United Kingdom
|
+$64.7M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$61.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$172M |
| 2 |
CCP
Clarkston Capital Partners
Rochester,
Michigan
|
-$45.6M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$44.2M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$43.6M |
| 5 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$43.5M |
BRO Hedge Fund Activity: Q4 2023 in Review
682 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q4 2023, worth a combined $15.3B — up 8.3% from $14.1B a quarter earlier.
Buyers outnumbered sellers: 108 funds opened new BRO positions and 45 closed out — a net gain of 63 holders — while 241 added to existing stakes and 227 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $619M. The largest seller was First Trust Advisors, cutting an estimated $172M.
- 682 institutional investors held Brown & Brown (BRO) as of Q4 2023, up from 626 in Q3 2023.
- Funds reported $15.3B of Brown & Brown stock for Q4 2023, up 8.3% quarter-over-quarter.
- 108 funds opened new Brown & Brown positions in Q4 2023 and 45 closed out, a net change of +63 holders.
- The largest Brown & Brown buyer in Q4 2023 was Morgan Stanley, an estimated $619M added.
- The largest Brown & Brown seller in Q4 2023 was First Trust Advisors, an estimated $172M sold.
Based on aggregated 13F filings for Q4 2023.