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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
BC
626
Burney Company
Virginia
$272K +$10.9K +110 +4%
CF
627
Copperwynd Financial
Arizona
$266K -$20.1K -202 -7%
CI
628
Cigna Investments
Connecticut
$263K – – –
MCA
629
MSH Capital Advisors
Arizona
$263K +$398 +4 +0.2%
TPI
630
Trust Point Inc
Wisconsin
$261K +$10.2K +103 +4%
AWM
631
Apollon Wealth Management
South Carolina
$260K -$53.1K -534 -18%
HT
632
Headlands Technologies
Illinois
$255K +$245K +2,461 New
CP
633
Covenant Partners
Tennessee
$254K +$7.16K +72 +3%
KCM
634
Kathmere Capital Management
Pennsylvania
$252K +$8.55K +86 +4%
OP
635
ORG Partners
Indiana
$252K -$589K -5,919 -71%
MG
636
Mather Group
Illinois
$252K -$3.08K -31 -1%
NP
637
NorthRock Partners
Minnesota
$251K +$4.18K +42 +2%
PWP
638
Phillips Wealth Planners
Mississippi
$250K -$995 -10 -0.4%
RFC
639
Regions Financial Corp
Alabama
$248K -$13K -131 -5%
MSAM
640
Moloney Securities Asset Management
Missouri
$248K – – –
TIA
641
Tiemann Investment Advisors
California
$247K – – –
IB
642
Intrust Bank
Kansas
$246K +$236K +2,378 New
PA
643
Parallel Advisors
California
$243K +$51.7K +520 +29%
TAM
644
Tocqueville Asset Management
New York
$241K – – –
NS
645
NBC Securities
Alabama
$239K – – –
WPC
646
Wedmont Private Capital
Pennsylvania
$237K +$231K +2,318 New
BPA
647
Beacon Pointe Advisors
California
$236K -$798K -8,022 -78%
N
648
Natixis
France
$234K -$25.2M -253,031 -99%
TWM
649
Tradition Wealth Management
Minnesota
$231K +$221K +2,226 New
TFA
650
Trinity Financial Advisors
Ohio
$230K – – –
24 25
26
27 28

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.