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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
IHWM
551
Iron Horse Wealth Management
Iowa
$2.01K +$2.01K +35 New
CWP
552
Concord Wealth Partners
Virginia
$1.95K – – –
DI
553
Disciplined Investments
Oklahoma
$1.78K -$172 -3 -9%
AAS
554
Ameritas Advisory Services
Nebraska
$1.53K +$1.44K +25 New
EARNEST Partners
555
EARNEST Partners
Georgia
$1.49K – – –
TCA
556
Trifecta Capital Advisors
Illinois
$1.38K +$747 +13 +118%
GFWA
557
Grey Fox Wealth Advisors
Delaware
$1.38K +$1.38K +24 New
LOIP
558
Live Oak Investment Partners
Texas
$1.03K – – –
FMP
559
Financial Management Professionals
Texas
$1K +$805 +14 New
DIP
560
DT Investment Partners
Pennsylvania
$988 – – –
BCMLT
561
Beacon Capital Management LLC (Tennessee)
Tennessee
$870 – – –
ECM
562
Everence Capital Management
Indiana
$864 – – –
UFF
563
USA Financial Formulas
Michigan
$689 +$690 +12 New
TWA
564
TCI Wealth Advisors
Arizona
$575 -$57 -1 -9%
WWM
565
Wolff Wiese Magana
California
$575 +$575 +10 New
FGAM
566
Financial Gravity Asset Management
Texas
$344 – – –
CBT
567
Central Bank & Trust
Kentucky
$229 +$230 +4 New
AAP
568
Arax Advisory Partners
Colorado
$115 – – –
Balyasny Asset Management
569
Balyasny Asset Management
Illinois
– -$62.5M -1,097,388 Closed
ZP
570
Zimmer Partners
New York
– -$28.5M -500,000 Closed
Alyeska Investment Group
571
Alyeska Investment Group
Illinois
– -$14.3M -250,577 Closed
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
572
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
– -$11.7M -205,141 Closed
VRS
573
Virginia Retirement Systems
Virginia
– -$7.64M -134,100 Closed
WMSA
574
Weiss Multi-Strategy Advisers
New York
– -$6.89M -121,004 Closed
BA
575
Bridgewater Associates
Connecticut
– -$6.6M -115,837 Closed
21 22
23
24 25

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.