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Brown & Brown
BRO

566 hedge funds and large institutions have $11.6B invested in Brown & Brown in 2023 Q1 according to their latest regulatory filings, with 53 funds opening new positions, 241 increasing their positions, 178 reducing their positions, and 48 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more call options, than puts

Call options by funds: $3M | Put options by funds: $2.17M

35% more repeat investments, than reductions

Existing positions increased: 241 | Existing positions reduced: 178

10% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 48

3% more capital invested

Capital invested by funds: $11.3B → $11.6B (+$305M)

0.12% more ownership

Funds ownership: 71.13% → 71.26% (+0.12%)

1% less funds holding

Funds holding: 571 → 566 (-5)

9% less funds holding in top 10

Funds holding in top 10: 11 → 10 (-1)

Holders
566
Holders Change
-5
Holders Change %
-0.88%
% of All Funds
9.02%
Holding in Top 10
10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-9.09%
% of All Funds
0.16%
New
53
Increased
241
Reduced
178
Closed
48
Calls
$3M
Puts
$2.17M
Net Calls
+$827K
Net Calls Change
-$1.52M

Top Buyers

1
CVA
Ceredex Value Advisors
Florida
+$42.1M
2
Principal Financial Group
Principal Financial Group
Iowa
+$30.4M
3
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$23M
4
BC
Brookfield Corp
Ontario, Canada
+$22M
5
ProShare Advisors
ProShare Advisors
Maryland
+$20.2M

Top Sellers

1
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$62.5M
2
Select Equity Group
Select Equity Group
New York
-$42.7M
3
ZP
Zimmer Partners
New York
-$28.5M
4
CIC
Chilton Investment Company
Connecticut
-$18.5M
5
Point72 Asset Management
Point72 Asset Management
Connecticut
-$17.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
AF
526
Advisornet Financial
Minnesota
$6.09K +$1.95K +34 +47%
Commonwealth Equity Services
527
Commonwealth Equity Services
Massachusetts
$5.9K +$2.06M +35,915 +54%
LC
528
Lindbrook Capital
California
$5.46K +$1.78K +31 +48%
Simplex Trading
529
Simplex Trading
Illinois
$5K +$5.8K +101 New
Kayne Anderson Rudnick Investment Management
530
Kayne Anderson Rudnick Investment Management
California
$4.48K – – –
ZB
531
Zions Bancorporation
Utah
$4.36K -$1.09K -19 -20%
FFC
532
First Financial Corp
Indiana
$4.25K – – –
CAL
533
Capital Advisors Ltd
Ohio
$4K -$3.16K -55 -45%
HCP
534
Hexagon Capital Partners
Arkansas
$3.9K +$3.91K +68 New
CWC
535
Carolinas Wealth Consulting
North Carolina
$3.79K +$3.79K +66 New
WT
536
Washington Trust
Rhode Island
$3.62K +$287 +5 +9%
CTC
537
Central Trust Company
Missouri
$3.27K – – –
FCA
538
Fortis Capital Advisors
Kansas
$2.99K +$57 +1 +2%
PMFA
539
Plante Moran Financial Advisors
Michigan
$2.81K – – –
SC
540
Schubert & Co
Texas
$2.76K -$1.26K -22 -31%
BAM
541
Bellevue Asset Management
Washington
$2.76K +$287 +5 +12%
JGIA
542
Jackson Grant Investment Advisers
Connecticut
$2.76K +$2.76K +48 New
PWMG
543
Prestige Wealth Management Group
New Jersey
$2.64K – – –
JFG
544
JDM Financial Group
Texas
$2.58K – – –
GRP
545
Global Retirement Partners
California
$2.33K +$690 +12 +50%
VCM
546
Versant Capital Management
Arizona
$2.24K – – –
SIC
547
SJS Investment Consulting
Ohio
$2.13K -$9.71K -169 -82%
BIA
548
Bell Investment Advisors
California
$2.13K -$517 -9 -20%
TAM
549
Tucker Asset Management
Colorado
$2.07K – – –
MCM
550
MV Capital Management
Maryland
$2.01K +$345 +6 +21%
20 21
22
23 24

BRO Hedge Fund Activity: Q1 2023 in Review

566 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q1 2023, worth a combined $11.6B — up 2.7% from $11.3B a quarter earlier.

Buyers outnumbered sellers: 53 funds opened new BRO positions and 48 closed out — a net gain of 5 holders — while 241 added to existing stakes and 178 trimmed.

The largest buyer was Ceredex Value Advisors, opening a new position worth an estimated $42.1M. The largest seller was Balyasny Asset Management, exiting entirely with an estimated $62.5M sold.

  • 566 institutional investors held Brown & Brown (BRO) as of Q1 2023, down from 571 in Q4 2022.
  • Funds reported $11.6B of Brown & Brown stock for Q1 2023, up 2.7% quarter-over-quarter.
  • 53 funds opened new Brown & Brown positions in Q1 2023 and 48 closed out, a net change of +5 holders.
  • The largest Brown & Brown buyer in Q1 2023 was Ceredex Value Advisors, an estimated $42.1M added.
  • The largest Brown & Brown seller in Q1 2023 was Balyasny Asset Management, an estimated $62.5M sold.

Based on aggregated 13F filings for Q1 2023.