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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
UCFA
601
United Capital Financial Advisors
Texas
$321K +$13.4K +135 +5%
GL
602
Graypoint LLC
New York
$319K +$7.26K +73 +2%
SIA
603
Schechter Investment Advisors
Michigan
$319K -$88.2K -887 -22%
CRC
604
Curi RMB Capital
Illinois
$317K +$305K +3,063 New
BFG
605
Bleakley Financial Group
New Jersey
$317K +$55.1K +554 +22%
SW
606
SteelPeak Wealth
California
$315K +$47.9K +482 +19%
IFG
607
Independent Financial Group
California
$306K -$40.4K -406 -12%
GFS
608
GYL Financial Synergies
Connecticut
$306K -$8.45K -85 -3%
FAFN
609
First Affirmative Financial Network
Colorado
$305K -$25.1K -252 -8%
MAS
610
Meeder Advisory Services
Ohio
$304K +$22.3K +224 +8%
FFA
611
Farther Finance Advisors
California
$302K +$45.3K +455 +19%
MWM
612
Mattern Wealth Management
Kansas
$298K -$8.75K -88 -3%
EL
613
EWA LLC
Pennsylvania
$298K +$14K +141 +5%
DWM
614
Diversify Wealth Management
Utah
$295K -$27.9K -281 -9%
CNBT
615
Canandaigua National Bank & Trust
New York
$293K -$56.8K -571 -17%
CAMG
616
CWA Asset Management Group
Florida
$291K +$280K +2,813 New
DWT
617
Dorsey & Whitney Trust
South Dakota
$291K +$279K +2,808 New
CW
618
CreativeOne Wealth
Kansas
$285K +$20.4K +205 +8%
AG
619
Ascent Group
Virginia
$282K +$11.6K +117 +4%
WAG
620
Wallace Advisory Group
California
$280K -$7.06K -71 -2%
TAM
621
Trust Asset Management
Texas
$280K – – –
SCA
622
Snowden Capital Advisors
New York
$279K +$32.3K +325 +14%
BA
623
Brightwater Advisory
Florida
$276K – – –
TCG
624
Transcendent Capital Group
Oklahoma
$275K +$264K +2,653 New
ATPW
625
Ashton Thomas Private Wealth
Arizona
$274K +$21.4K +215 +9%
23 24
25
26 27

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.