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Brown & Brown
BRO

715 hedge funds and large institutions have $18B invested in Brown & Brown in 2024 Q1 according to their latest regulatory filings, with 98 funds opening new positions, 271 increasing their positions, 232 reducing their positions, and 58 closing their positions.

New
Increased
Maintained
Reduced
Closed

976% more call options, than puts

Call options by funds: $18.9M | Put options by funds: $1.76M

69% more first-time investments, than exits

New positions opened: 98 | Existing positions closed: 58

36% more funds holding in top 10

Funds holding in top 10: 11 → 15 (+4)

18% more capital invested

Capital invested by funds: $15.3B → $18B (+$2.76B)

17% more repeat investments, than reductions

Existing positions increased: 271 | Existing positions reduced: 232

5% more funds holding

Funds holding: 682 → 715 (+33)

3.33% less ownership

Funds ownership: 75.58% → 72.25% (-3.3%)

Holders
715
Holders Change
+33
Holders Change %
+4.84%
% of All Funds
10.3%
Holding in Top 10
15
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+36.36%
% of All Funds
0.22%
New
98
Increased
271
Reduced
232
Closed
58
Calls
$18.9M
Puts
$1.76M
Net Calls
+$17.2M
Net Calls Change
+$8.51M

Top Buyers

1
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$64.4M
2
Invesco
Invesco
Georgia
+$52.6M
3
Adage Capital Partners
Adage Capital Partners
Massachusetts
+$38.4M
4
Capital World Investors
Capital World Investors
California
+$38.1M
5
Allianz Asset Management
Allianz Asset Management
Germany
+$35.3M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$734M
2
First Eagle Investment Management
First Eagle Investment Management
New York
-$80.3M
3
Select Equity Group
Select Equity Group
New York
-$56.6M
4
Allspring Global Investments
Allspring Global Investments
North Carolina
-$53.4M
5
Millennium Management
Millennium Management
New York
-$50.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
PWP
576
Phillips Wealth Planners
Mississippi
$201K +$199K +2,480 New
FDCDDQ
577
Federation des caisses Desjardins du Quebec
Quebec, Canada
$197K +$99.6K +1,239 +99%
ST
578
Smithfield Trust
Pennsylvania
$189K – – –
PA
579
Parallel Advisors
California
$158K +$10.5K +130 +8%
BEI
580
Benjamin Edwards Inc
Missouri
$153K -$2.57K -32 -2%
MG
581
Mather Group
Illinois
$151K +$171K +2,126 New
GM
582
GeoWealth Management
Illinois
$151K +$73.9K +919 +114%
S
583
SignatureFD
Georgia
$149K +$8.84K +110 +7%
GRP
584
Global Retirement Partners
California
$146K +$70.3K +874 +110%
HNB
585
Huntington National Bank
Ohio
$140K +$73.4K +913 +133%
FFA
586
Farther Finance Advisors
California
$135K -$7.88K -98 -6%
TCOV
587
Trust Company of Vermont
Vermont
$123K – – –
AWM
588
Avior Wealth Management
Nebraska
$118K +$71.1K +885 +189%
CA
589
CoreCap Advisors
Michigan
$113K +$104K +1,294 New
FHA
590
First Horizon Advisors
Tennessee
$111K +$20.9K +260 +26%
GEA
591
Glen Eagle Advisors
New Jersey
$109K – – –
SIM
592
Sentry Investment Management
Wisconsin
$108K – – –
AWM
593
Atticus Wealth Management
Florida
$102K – – –
PPC
594
Park Place Capital
Alabama
$102K +$52.6K +654 +128%
SWM
595
Spire Wealth Management
Virginia
$101K +$563 +7 +0.6%
SOW
596
State of Wyoming
Wyoming
$100K -$59.9K -745 -39%
PCM
597
Penserra Capital Management
California
$97K -$83.2K -1,035 -48%
SIS
598
Sound Income Strategies
Florida
$96.1K +$88.3K +1,098 New
MA
599
Montag & Associates
Georgia
$85.8K – – –
AGWCA
600
Annis Gardner Whiting Capital Advisors
Florida
$74.4K +$161 +2 +0.2%
22 23
24
25 26

BRO Hedge Fund Activity: Q1 2024 in Review

715 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q1 2024, worth a combined $18B — up 18% from $15.3B a quarter earlier.

Buyers outnumbered sellers: 98 funds opened new BRO positions and 58 closed out — a net gain of 40 holders — while 271 added to existing stakes and 232 trimmed.

The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $64.4M. The largest seller was Morgan Stanley, cutting an estimated $734M.

  • 715 institutional investors held Brown & Brown (BRO) as of Q1 2024, up from 682 in Q4 2023.
  • Funds reported $18B of Brown & Brown stock for Q1 2024, up 18% quarter-over-quarter.
  • 98 funds opened new Brown & Brown positions in Q1 2024 and 58 closed out, a net change of +40 holders.
  • The largest Brown & Brown buyer in Q1 2024 was Manulife (Manufacturers Life Insurance), an estimated $64.4M added.
  • The largest Brown & Brown seller in Q1 2024 was Morgan Stanley, an estimated $734M sold.

Based on aggregated 13F filings for Q1 2024.