We are live on ! Find out more
BRO icon

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
SA
651
SRH Advisors
Kansas
$11.9K – – –
TWP
652
TFO Wealth Partners
Ohio
$11.9K – – –
Jones Financial Companies
653
Jones Financial Companies
Missouri
$11.6K +$10.6K +132 New
RWA
654
Redmont Wealth Advisors
Illinois
$10.8K +$9.89K +123 New
SAM
655
Smartleaf Asset Management
Massachusetts
$10.1K +$9.32K +116 New
FMII
656
Farmers & Merchants Investments Inc
Nebraska
$10.1K – – –
HCP
657
Hexagon Capital Partners
Arkansas
$8.93K +$1.85K +23 +29%
HWA
658
HHM Wealth Advisors
Tennessee
$8.75K – – –
WB
659
Webster Bank
Connecticut
$8.23K +$7.56K +94 New
DSC
660
Duncker Streett & Co
Missouri
$8.14K – – –
AT
661
Arlington Trust
Alabama
$7.62K – – –
KFI
662
Key Financial Inc
Pennsylvania
$7.35K – – –
MAM
663
Meeder Asset Management
Ohio
$7.35K +$6.75K +84 New
ZB
664
Zions Bancorporation
Utah
$6.65K – – –
CA
665
Crewe Advisors
Utah
$6.04K +$5.55K +69 New
VCM
666
Versant Capital Management
Arizona
$5.25K – – –
CSB
667
City State Bank
Iowa
$5K – – –
FFO
668
Fortitude Family Office
Arizona
$4.99K -$30.2K -376 -87%
CTC
669
Central Trust Company
Missouri
$4.99K – – –
VWM
670
Venturi Wealth Management
Texas
$4.73K +$2.25K +28 +108%
FFC
671
First Financial Corp
Indiana
$4.73K – – –
HIA
672
Harbor Investment Advisory
Maryland
$4.64K +$4.26K +53 New
BAM
673
Bellevue Asset Management
Washington
$4.46K – – –
MCM
674
MV Capital Management
Maryland
$4.38K +$161 +2 +4%
JGIA
675
Jackson Grant Investment Advisers
Connecticut
$4.2K – – –
25 26
27
28 29

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.