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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
Squarepoint
576
Squarepoint
New York
– -$5.63M -98,879 Closed
FAF
577
Första AP-fonden
Sweden
– -$2.76M -48,400 Closed
BRCM
578
Bright Rock Capital Management
Massachusetts
– -$1.71M -30,000 Closed
PFO
579
Pathstone Family Office
New Jersey
– -$1.08M -27,782 Closed
MF
580
Magnetar Financial
Illinois
– -$1.02M -17,880 Closed
HF
581
HRT Financial
New York
– -$828K -14,551 Closed
KI
582
Kula Investments
Illinois
– -$744K -13,058 Closed
CC
583
Centiva Capital
New York
– -$729K -12,795 Closed
QCM
584
Qsemble Capital Management
New York
– -$695K -12,200 Closed
ACM
585
Aquatic Capital Management
Illinois
– -$638K -11,200 Closed
CP
586
Cumberland Partners
Ontario, Canada
– -$627K -11,000 Closed
CP
587
CenterBook Partners
Connecticut
– -$578K -10,151 Closed
AC
588
Allstate Corporation
Illinois
– -$569K -9,986 Closed
CIM
589
Contravisory Investment Management
Massachusetts
– -$506K -8,883 Closed
BAM
590
Blueshift Asset Management
New Jersey
– -$483K -8,483 Closed
SC
591
SRB Corp
Massachusetts
– -$450K -7,897 Closed
NLP
592
Next Level Private
New York
– -$410K -6,965 Closed
UPC
593
Utah Peaks Capital
Utah
– -$290K -5,088 Closed
AG
594
Ascent Group
Virginia
– -$268K -4,712 Closed
FFP
595
FourThought Financial Partners
Florida
– -$243K -4,270 Closed
MAM
596
Martingale Asset Management
Massachusetts
– -$236K -4,150 Closed
PMEF
597
Point72 Middle East FZE
United Arab Emirates
– -$189K -3,324 Closed
GTCM
598
Gyon Technologies Capital Management
New Jersey
– -$169K -2,970 Closed
OWA
599
One Wealth Advisors
California
– -$80.2K -1,408 Closed
MWM
600
MinichMacGregor Wealth Management
New York
– -$62.8K -1,102 Closed
21 22 23
24
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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.