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Brown & Brown

682 hedge funds and large institutions have $15.3B invested in Brown & Brown in 2023 Q4 according to their latest regulatory filings, with 108 funds opening new positions, 241 increasing their positions, 227 reducing their positions, and 45 closing their positions.

New
Increased
Maintained
Reduced
Closed

471% more call options, than puts

Call options by funds: $10.5M | Put options by funds: $1.84M

140% more first-time investments, than exits

New positions opened: 108 | Existing positions closed: 45

9% more funds holding

Funds holding: 626682 (+56)

8% more capital invested

Capital invested by funds: $14.1B → $15.3B (+$1.17B)

4.61% more ownership

Funds ownership: 70.98%75.58% (+4.6%)

6% more repeat investments, than reductions

Existing positions increased: 241 | Existing positions reduced: 227

21% less funds holding in top 10

Funds holding in top 10: 1411 (-3)

Holders
682
Holders Change
+56
Holders Change %
+8.95%
% of All Funds
9.94%
Holding in Top 10
11
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-21.43%
% of All Funds
0.16%
New
108
Increased
241
Reduced
227
Closed
45
Calls
$10.5M
Puts
$1.84M
Net Calls
+$8.67M
Net Calls Change
+$1.8M
Name Holding Trade Value Shares
Change
Change in
Stake
AAG
601
Armstrong Advisory Group
Massachusetts
$28.4K
BHWM
602
Beaird Harris Wealth Management
Texas
$28.4K
TFM
603
TFC Financial Management
Massachusetts
$27.4K
TWC
604
TD Waterhouse Canada
Ontario, Canada
$27.1K +$7.72K +108 +39%
LFG
605
Larson Financial Group
Missouri
$24.4K
TPCW
606
TD Private Client Wealth
New York
$24K -$1.64K -23 -6%
OP
607
ORG Partners
Indiana
$21.4K -$547K -7,658 -96%
QCG
608
Quadrant Capital Group
Ohio
$20.6K +$715 +10 +4%
BTI
609
Blue Trust Inc
Georgia
$19K +$6.86K +96 +54%
JWM
610
Janiczek Wealth Management
Colorado
$18.3K
DAM
611
Delta Asset Management
Tennessee
$17.8K
LC
612
Lindbrook Capital
California
$17.5K +$9.51K +133 +118%
AA
613
Ancora Advisors
Ohio
$15.6K
OA
614
Operose Advisors
Wisconsin
$15.4K
PSB
615
Piscataqua Savings Bank
New Hampshire
$14.5K
CAL
616
Capital Advisors Ltd
Ohio
$14K
DCP
617
DSM Capital Partners
Florida
$13.9K +$14K +196 New
LFA
618
LGT Financial Advisors
Texas
$13.4K
EWA
619
EverSource Wealth Advisors
Alabama
$11.7K +$357 +5 +3%
JWA
620
JFS Wealth Advisors
Pennsylvania
$10.7K -$143 -2 -1%
FFA
621
Frazier Financial Advisors
Ohio
$10.7K +$10.7K +150 New
RTL
622
Red Tortoise LLC
Georgia
$10.5K
SA
623
SRH Advisors
Kansas
$9.67K
TWP
624
TFO Wealth Partners
Ohio
$9.67K
GWS
625
Glassman Wealth Services
Virginia
$8.6K +$429 +6 +5%

BRO Hedge Fund Activity: Q4 2023 in Review

682 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q4 2023, worth a combined $15.3B — up 8.3% from $14.1B a quarter earlier.

Buyers outnumbered sellers: 108 funds opened new BRO positions and 45 closed out — a net gain of 63 holders — while 241 added to existing stakes and 227 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $619M. The largest seller was First Trust Advisors, cutting an estimated $172M.

  • 682 institutional investors held Brown & Brown (BRO) as of Q4 2023, up from 626 in Q3 2023.
  • Funds reported $15.3B of Brown & Brown stock for Q4 2023, up 8.3% quarter-over-quarter.
  • 108 funds opened new Brown & Brown positions in Q4 2023 and 45 closed out, a net change of +63 holders.
  • The largest Brown & Brown buyer in Q4 2023 was Morgan Stanley, an estimated $619M added.
  • The largest Brown & Brown seller in Q4 2023 was First Trust Advisors, an estimated $172M sold.

Based on aggregated 13F filings for Q4 2023.