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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
BCMLT
701
Beacon Capital Management LLC (Tennessee)
Tennessee
$1.34K – – –
ECM
702
Everence Capital Management
Indiana
$1.32K – – –
DIP
703
DT Investment Partners
Pennsylvania
$1.31K – – –
VNA
704
Valley National Advisers
Pennsylvania
$1K -$402 -5 -20%
FMP
705
Financial Management Professionals
Texas
$1K – – –
RAM
706
Riggs Asset Management
Pennsylvania
$963 +$884 +11 New
WWM
707
Wolff Wiese Magana
California
$876 – – –
S
708
Sachetta
Massachusetts
$783 – – –
AWM
709
Abound Wealth Management
Tennessee
$613 – – –
BF
710
BOK Financial
Oklahoma
$518 +$161 +2 +50%
FGAM
711
Financial Gravity Asset Management
Texas
$379 +$322 +4 New
FPF
712
First Pacific Financial
Washington
$263 – – –
CTA
713
Colonial Trust Advisors
South Carolina
$263 +$241 +3 New
RS
714
Rakuten Securities
Japan
$88 -$2.01K -25 -96%
WA
715
WestEnd Advisors
North Carolina
$88 +$80 +1 New
DWM
716
Dogwood Wealth Management
Kansas
$2 – – –
Renaissance Technologies
717
Renaissance Technologies
New York
– -$27.7M -389,200 Closed
PI
718
PineBridge Investments
New York
– -$25.6M -360,473 Closed
PCM
719
Prana Capital Management
Connecticut
– -$21.9M -308,054 Closed
TC
720
TwinBeech Capital
New York
– -$15.7M -220,678 Closed
ECM
721
ExodusPoint Capital Management
New York
– -$10.5M -148,175 Closed
Tudor Investment Corp
722
Tudor Investment Corp
Connecticut
– -$6.57M -92,410 Closed
OMC
723
Old Mission Capital
Illinois
– -$5.35M -75,222 Closed
GCM
724
Ghisallo Capital Management
Massachusetts
– -$5.03M -70,800 Closed
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
725
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
– -$4.98M -70,000 Closed
27 28
29
30 31

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.