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Brown & Brown
BRO

817 hedge funds and large institutions have $21.7B invested in Brown & Brown in 2024 Q3 according to their latest regulatory filings, with 117 funds opening new positions, 309 increasing their positions, 265 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

2,381% more call options, than puts

Call options by funds: $28.5M | Put options by funds: $1.15M

134% more first-time investments, than exits

New positions opened: 117 | Existing positions closed: 50

29% more funds holding in top 10

Funds holding in top 10: 14 → 18 (+4)

17% more repeat investments, than reductions

Existing positions increased: 309 | Existing positions reduced: 265

16% more capital invested

Capital invested by funds: $18.7B → $21.7B (+$2.97B)

8% more funds holding

Funds holding: 755 → 817 (+62)

0.07% more ownership

Funds ownership: 73.35% → 73.42% (+0.07%)

Holders
817
Holders Change
+62
Holders Change %
+8.21%
% of All Funds
11.73%
Holding in Top 10
18
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+28.57%
% of All Funds
0.26%
New
117
Increased
309
Reduced
265
Closed
50
Calls
$28.5M
Puts
$1.15M
Net Calls
+$27.4M
Net Calls Change
+$1.75M

Top Buyers

1
Capital World Investors
Capital World Investors
California
+$219M
2
BlackRock
BlackRock
New York
+$124M
3
GC
Gobi Capital
California
+$98.3M
4
Invesco
Invesco
Georgia
+$82.9M
5
Millennium Management
Millennium Management
New York
+$46.7M

Top Sellers

1
Select Equity Group
Select Equity Group
New York
-$354M
2
APG Asset Management
APG Asset Management
Netherlands
-$223M
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$103M
4
SAM
Storebrand Asset Management
Norway
-$78.5M
5
CCP
Clarkston Capital Partners
Michigan
-$60.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
VI
551
Vestcor Inc
New Brunswick, Canada
$442K – – –
DILIC
552
Dai-ichi Life Insurance Company
Japan
$440K +$423K +4,250 New
UH
553
Unigestion Holding
Switzerland
$438K -$734K -7,385 -64%
ATC
554
Argent Trust Co
Tennessee
$438K +$70.8K +712 +20%
LWAM
555
Legacy Wealth Asset Management
Minnesota
$434K +$23.3K +234 +6%
MIC
556
Means Investment Company
Maine
$430K +$99 +1 +0%
GIA
557
Gateway Investment Advisers
Ohio
$430K – – –
OCBCO
558
Oversea-Chinese Banking Corp (OCBC)
Singapore
$430K – – –
HAG
559
HighPoint Advisor Group
Illinois
$429K +$2.09K +21 +0.5%
Brown Advisory
560
Brown Advisory
Maryland
$428K +$99 +1 +0%
CSS
561
Cubist Systematic Strategies
Connecticut
$425K +$408K +4,099 New
QP
562
Quilter Plc
United Kingdom
$424K +$407K +4,088 New
AWAU
563
Alliance Wealth Advisors (Utah)
Utah
$420K +$8.85K +89 +2%
Marshall Wace
564
Marshall Wace
United Kingdom
$418K +$401K +4,037 New
PFM
565
Phillips Financial Management
Indiana
$418K +$401K +4,034 New
OWA
566
Outlook Wealth Advisors
Texas
$414K +$15.7K +158 +4%
NED
567
Nancy E. Dempze
$410K +$393K +3,954 New
BAM
568
Belpointe Asset Management
Nevada
$409K +$392K +3,946 New
RWA
569
River Wealth Advisors
Pennsylvania
$406K – – –
Grantham, Mayo, Van Otterloo & Co (GMO)
570
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$405K +$389K +3,908 New
CIA
571
Concurrent Investment Advisors
Florida
$389K -$3.58K -36 -0.9%
SSW
572
Smith Shellnut Wilson
Mississippi
$388K +$5.97K +60 +2%
QC
573
Quadrature Capital
United Kingdom
$385K +$370K +3,717 New
MYAM
574
Meiji Yasuda Asset Management
Japan
$382K -$3.68K -37 -1%
SBIA
575
Sheaff Brock Investment Advisors
Indiana
$381K +$366K +3,681 New
21 22
23
24 25

BRO Hedge Fund Activity: Q3 2024 in Review

817 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q3 2024, worth a combined $21.7B — up 16% from $18.7B a quarter earlier.

Buyers outnumbered sellers: 117 funds opened new BRO positions and 50 closed out — a net gain of 67 holders — while 309 added to existing stakes and 265 trimmed.

The largest buyer was Capital World Investors, adding an estimated $219M. The largest seller was Select Equity Group, cutting an estimated $354M.

  • 817 institutional investors held Brown & Brown (BRO) as of Q3 2024, up from 755 in Q2 2024.
  • Funds reported $21.7B of Brown & Brown stock for Q3 2024, up 16% quarter-over-quarter.
  • 117 funds opened new Brown & Brown positions in Q3 2024 and 50 closed out, a net change of +67 holders.
  • The largest Brown & Brown buyer in Q3 2024 was Capital World Investors, an estimated $219M added.
  • The largest Brown & Brown seller in Q3 2024 was Select Equity Group, an estimated $354M sold.

Based on aggregated 13F filings for Q3 2024.