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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
TFM
626
TFC Financial Management
Massachusetts
$33.9K +$80 +1 +0.3%
HT
627
Headlands Technologies
Illinois
$31.5K +$28.9K +360 New
QCG
628
Quadrant Capital Group
Ohio
$30.1K +$4.42K +55 +19%
AAG
629
Armstrong Advisory Group
Massachusetts
$28.4K – – –
TPCW
630
TD Private Client Wealth
New York
$28.2K -$1.21K -15 -4%
LFG
631
Larson Financial Group
Missouri
$28.1K -$1.77K -22 -6%
DCP
632
DSM Capital Partners
Florida
$26.2K +$8.28K +103 +53%
JWM
633
Janiczek Wealth Management
Colorado
$22.6K – – –
DAM
634
Delta Asset Management
Tennessee
$21.9K – – –
BTI
635
Blue Trust Inc
Georgia
$19.9K -$3.86K -48 -17%
LC
636
Lindbrook Capital
California
$19.3K -$2.01K -25 -10%
AA
637
Ancora Advisors
Ohio
$19.3K – – –
OA
638
Operose Advisors
Wisconsin
$19K – – –
C
639
Covestor
United Kingdom
$18K -$46K -572 -74%
CAL
640
Capital Advisors Ltd
Ohio
$18K +$804 +10 +5%
PSB
641
Piscataqua Savings Bank
New Hampshire
$17.9K – – –
GKIM
642
GW&K Investment Management
Massachusetts
$17K +$7.07K +88 +80%
LFA
643
LGT Financial Advisors
Texas
$16.5K – – –
EWA
644
EverSource Wealth Advisors
Alabama
$15.1K +$1.61K +20 +12%
RA
645
Rise Advisors
New York
$13.8K +$12.7K +158 New
WWP
646
WR Wealth Planners
Missouri
$13.2K +$12.1K +151 New
FFA
647
Frazier Financial Advisors
Ohio
$13.1K – – –
JWA
648
JFS Wealth Advisors
Pennsylvania
$13.1K – – –
RTL
649
Red Tortoise LLC
Georgia
$12.9K – – –
SL
650
Salomon & Ludwin
Virginia
$12.3K +$11.3K +140 New
24 25
26
27 28

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.