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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
PWMG
676
Prestige Wealth Management Group
New Jersey
$4.03K – – –
JFG
677
JDM Financial Group
Texas
$3.94K – – –
RIL
678
Rothschild Investment LLC
Illinois
$3.94K +$1.21K +15 +50%
WPA
679
West Paces Advisors
Georgia
$3.85K +$3.54K +44 New
PWMG
680
Private Wealth Management Group
New Jersey
$3.77K – – –
SIC
681
SJS Investment Consulting
Ohio
$3.24K – – –
TAM
682
Tucker Asset Management
Colorado
$3.15K – – –
CT
683
Colonial Trust
South Carolina
$3.06K – – –
IHWM
684
Iron Horse Wealth Management
Iowa
$3.06K – – –
PVH
685
Psagot Value Holdings
Israel
$3K – – –
TIM
686
Tortoise Investment Management
New York
$2.89K +$2.65K +33 New
DPW
687
DiNuzzo Private Wealth
Pennsylvania
$2.8K – – –
SS
688
Sunbelt Securities
Texas
$2.8K – – –
RCM
689
Raleigh Capital Management
North Carolina
$2.63K +$2.01K +25 +500%
HI
690
Harbour Investments
Wisconsin
$2.63K – – –
FG
691
Fairman Group
Pennsylvania
$2.54K – – –
AF
692
Advisornet Financial
Minnesota
$2.36K -$1.13K -14 -34%
BGAI
693
Bruce G. Allen Investments
Colorado
$2.36K – – –
TCA
694
Trifecta Capital Advisors
Illinois
$2.1K – – –
LI
695
LRI Investments
Florida
$2.01K +$1.85K +23 New
AW
696
Avion Wealth
Texas
$2K – – –
BIA
697
Bell Investment Advisors
California
$1.75K – – –
AAP
698
Arax Advisory Partners
Colorado
$1.75K +$1.45K +18 +900%
Group One Trading
699
Group One Trading
Illinois
$1.66K +$1.53K +19 New
DF
700
Dunhill Financial
United Kingdom
$1.46K +$241 +3 +21%
26 27
28
29 30

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.