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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
SPC
651
Spirepoint Private Client
Florida
$229K +$220K +2,214 New
AWM
652
Axxcess Wealth Management
California
$229K +$220K +2,208 New
LSAG
653
Lake Street Advisors Group
New Hampshire
$228K +$218K +2,197 New
NW
654
NewEdge Wealth
Pennsylvania
$227K +$218K +2,194 New
KCPG
655
Kavar Capital Partners Group
Kansas
$227K +$218K +2,188 New
AA
656
Advisory Alpha
Michigan
$226K +$217K +2,185 New
ST
657
Smithfield Trust
Pennsylvania
$223K – – –
FB
658
Fulton Bank
Pennsylvania
$223K +$214K +2,151 New
VF
659
Virtu Financial
New York
$222K -$849K -8,541 -80%
BFM
660
Boothbay Fund Management
New York
$221K +$212K +2,130 New
Jones Financial Companies
661
Jones Financial Companies
Missouri
$219K +$174K +1,746 +455%
DFCM
662
Dark Forest Capital Management
Puerto Rico
$218K +$209K +2,106 New
DWA
663
Douglass Winthrop Advisors
New York
$218K +$209K +2,100 New
GM
664
GeoWealth Management
Illinois
$217K -$7.06K -71 -3%
UW
665
Unique Wealth
Florida
$216K +$207K +2,085 New
JWCA
666
J.W. Cole Advisors
Florida
$216K +$207K +2,085 New
CSPIA
667
Cary Street Partners Investment Advisory
Virginia
$215K +$207K +2,080 New
SPWM
668
Schrum Private Wealth Management
Florida
$214K +$205K +2,064 New
HH
669
Hilltop Holdings
Texas
$211K +$202K +2,034 New
WANY
670
Wealthspire Advisors (New York)
New York
$208K +$200K +2,009 New
TCA
671
Transcend Capital Advisors
New Jersey
$208K +$199K +2,004 New
RC
672
RBF Capital
California
$207K +$199K +2,000 New
HKIMG
673
Hutchens & Kramer Investment Management Group
Indiana
$205K +$194K +1,954 New
AC
674
AlphaCore Capital
California
$201K +$193K +1,940 New
AA
675
AlphaCentric Advisors
Puerto Rico
$199K -$13.1K -132 -6%
25 26
27
28 29

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.