Brown & Brown
715 hedge funds and large institutions have $18B invested in Brown & Brown in 2024 Q1 according to their latest regulatory filings, with 98 funds opening new positions, 271 increasing their positions, 232 reducing their positions, and 58 closing their positions.
976% more call options, than puts
Call options by funds: $18.9M | Put options by funds: $1.76M
69% more first-time investments, than exits
New positions opened: 98 | Existing positions closed: 58
36% more funds holding in top 10
Funds holding in top 10: 11 → 15 (+4)
18% more capital invested
Capital invested by funds: $15.3B → $18B (+$2.76B)
17% more repeat investments, than reductions
Existing positions increased: 271 | Existing positions reduced: 232
5% more funds holding
Funds holding: 682 → 715 (+33)
3.33% less ownership
Funds ownership: 75.58% → 72.25% (-3.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$64.4M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$52.6M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
+$38.4M |
| 4 |
Capital World Investors
Los Angeles,
California
|
+$38.1M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
+$35.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$734M |
| 2 |
First Eagle Investment Management
New York
|
-$80.3M |
| 3 |
Select Equity Group
New York
|
-$56.6M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$53.4M |
| 5 |
Millennium Management
New York
|
-$50.5M |
BRO Hedge Fund Activity: Q1 2024 in Review
715 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q1 2024, worth a combined $18B — up 18% from $15.3B a quarter earlier.
Buyers outnumbered sellers: 98 funds opened new BRO positions and 58 closed out — a net gain of 40 holders — while 271 added to existing stakes and 232 trimmed.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $64.4M. The largest seller was Morgan Stanley, cutting an estimated $734M.
- 715 institutional investors held Brown & Brown (BRO) as of Q1 2024, up from 682 in Q4 2023.
- Funds reported $18B of Brown & Brown stock for Q1 2024, up 18% quarter-over-quarter.
- 98 funds opened new Brown & Brown positions in Q1 2024 and 58 closed out, a net change of +40 holders.
- The largest Brown & Brown buyer in Q1 2024 was Manulife (Manufacturers Life Insurance), an estimated $64.4M added.
- The largest Brown & Brown seller in Q1 2024 was Morgan Stanley, an estimated $734M sold.
Based on aggregated 13F filings for Q1 2024.