Brown & Brown
908 hedge funds and large institutions have $27.3B invested in Brown & Brown in 2025 Q1 according to their latest regulatory filings, with 130 funds opening new positions, 339 increasing their positions, 315 reducing their positions, and 83 closing their positions.
147% more call options, than puts
Call options by funds: $26.2M | Put options by funds: $10.6M
68% more funds holding in top 10
Funds holding in top 10: 19 → 32 (+13)
57% more first-time investments, than exits
New positions opened: 130 | Existing positions closed: 83
25% more capital invested
Capital invested by funds: $21.9B → $27.3B (+$5.42B)
4% more funds holding
Funds holding: 873 → 908 (+35)
1.62% more ownership
Funds ownership: 75.01% → 76.62% (+1.6%)
8% more repeat investments, than reductions
Existing positions increased: 339 | Existing positions reduced: 315
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parnassus Investments
San Francisco,
California
|
+$808M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$455M |
| 3 |
Handelsbanken Fonder
Stockholm,
Sweden
|
+$93M |
| 4 |
Nordea Investment Management
Stockholm,
Sweden
|
+$69.1M |
| 5 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$64.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
-$190M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$189M |
| 3 |
Morgan Stanley
New York
|
-$131M |
| 4 |
SAM
Storebrand Asset Management
Lysaker,
Norway
|
-$76.6M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$76.3M |
BRO Hedge Fund Activity: Q1 2025 in Review
908 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q1 2025, worth a combined $27.3B — up 25% from $21.9B a quarter earlier.
Buyers outnumbered sellers: 130 funds opened new BRO positions and 83 closed out — a net gain of 47 holders — while 339 added to existing stakes and 315 trimmed.
The largest buyer was Parnassus Investments, opening a new position worth an estimated $808M. The largest seller was Select Equity Group, cutting an estimated $190M.
- 908 institutional investors held Brown & Brown (BRO) as of Q1 2025, up from 873 in Q4 2024.
- Funds reported $27.3B of Brown & Brown stock for Q1 2025, up 25% quarter-over-quarter.
- 130 funds opened new Brown & Brown positions in Q1 2025 and 83 closed out, a net change of +47 holders.
- The largest Brown & Brown buyer in Q1 2025 was Parnassus Investments, an estimated $808M added.
- The largest Brown & Brown seller in Q1 2025 was Select Equity Group, an estimated $190M sold.
Based on aggregated 13F filings for Q1 2025.