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Brown & Brown

908 hedge funds and large institutions have $27.3B invested in Brown & Brown in 2025 Q1 according to their latest regulatory filings, with 130 funds opening new positions, 339 increasing their positions, 315 reducing their positions, and 83 closing their positions.

New
Increased
Maintained
Reduced
Closed

147% more call options, than puts

Call options by funds: $26.2M | Put options by funds: $10.6M

68% more funds holding in top 10

Funds holding in top 10: 1932 (+13)

57% more first-time investments, than exits

New positions opened: 130 | Existing positions closed: 83

25% more capital invested

Capital invested by funds: $21.9B → $27.3B (+$5.42B)

4% more funds holding

Funds holding: 873908 (+35)

1.62% more ownership

Funds ownership: 75.01%76.62% (+1.6%)

8% more repeat investments, than reductions

Existing positions increased: 339 | Existing positions reduced: 315

Holders
908
Holders Change
+35
Holders Change %
+4.01%
% of All Funds
12.17%
Holding in Top 10
32
Holding in Top 10 Change
+13
Holding in Top 10 Change %
+68.42%
% of All Funds
0.43%
New
130
Increased
339
Reduced
315
Closed
83
Calls
$26.2M
Puts
$10.6M
Net Calls
+$15.6M
Net Calls Change
-$4.27M
Name Holding Trade Value Shares
Change
Change in
Stake
CAPTRUST Financial Advisors
51
CAPTRUST Financial Advisors
North Carolina
$80.9M +$64.4M +576,466 +783%
Millennium Management
52
Millennium Management
New York
$80.8M +$2.46M +22,039 +4%
BBHC
53
Brown Brothers Harriman & Co
New York
$79.7M +$7.06M +63,206 +11%
Nordea Investment Management
54
Nordea Investment Management
Sweden
$79.4M +$69.1M +618,118 +2,842%
Assenagon Asset Management
55
Assenagon Asset Management
Luxembourg
$78.2M +$39.1M +350,236 +126%
Fidelity International
56
Fidelity International
Bermuda
$77M +$9.04M +80,925 +15%
SEI Investments
57
SEI Investments
Pennsylvania
$75.1M +$25.5M +228,555 +61%
N
58
Nuveen
North Carolina
$72.9M +$8.95M +80,085 +16%
Sumitomo Mitsui Trust Group
59
Sumitomo Mitsui Trust Group
Japan
$72.5M +$571K +5,106 +0.9%
Ameriprise
60
Ameriprise
Minnesota
$69.7M -$3.25M -29,127 -5%
SCM
61
Snyder Capital Management
California
$68.6M -$1.3M -11,595 -2%
WorldQuant Millennium Advisors
62
WorldQuant Millennium Advisors
New York
$66.9M +$25.6M +229,137 +74%
Fidelity Investments
63
Fidelity Investments
Massachusetts
$66.5M -$7.03M -62,893 -11%
VF
64
Vest Financial
Virginia
$66.3M -$854K -7,641 -1%
Bank of Montreal
65
Bank of Montreal
Ontario, Canada
$66.2M +$17.1M +153,100 +40%
Mitsubishi UFJ Trust & Banking
66
Mitsubishi UFJ Trust & Banking
Japan
$66M +$23.1M +206,645 +64%
SIC
67
Schwartz Investment Counsel
Michigan
$64.6M
RhumbLine Advisers
68
RhumbLine Advisers
Massachusetts
$63.9M +$54.8K +490 +0.1%
DP
69
Dundas Partners
United Kingdom
$62.6M
CIM
70
Confluence Investment Management
Missouri
$61.4M -$3.45M -30,862 -6%
HSBC Holdings
71
HSBC Holdings
United Kingdom
$60.8M -$6.93M -62,027 -11%
AAIS
72
ABN AMRO Investment Solutions
$58.9M +$52.9M +473,219 New
Mitsubishi UFJ Asset Management
73
Mitsubishi UFJ Asset Management
Japan
$58.6M +$4.15M +37,179 +9%
EAM
74
EULAV Asset Management
Florida
$55.3M +$1.56M +14,000 +3%
Nomura Asset Management
75
Nomura Asset Management
Japan
$53.2M -$1.59M -14,245 -3%

BRO Hedge Fund Activity: Q1 2025 in Review

908 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q1 2025, worth a combined $27.3B — up 25% from $21.9B a quarter earlier.

Buyers outnumbered sellers: 130 funds opened new BRO positions and 83 closed out — a net gain of 47 holders — while 339 added to existing stakes and 315 trimmed.

The largest buyer was Parnassus Investments, opening a new position worth an estimated $808M. The largest seller was Select Equity Group, cutting an estimated $190M.

  • 908 institutional investors held Brown & Brown (BRO) as of Q1 2025, up from 873 in Q4 2024.
  • Funds reported $27.3B of Brown & Brown stock for Q1 2025, up 25% quarter-over-quarter.
  • 130 funds opened new Brown & Brown positions in Q1 2025 and 83 closed out, a net change of +47 holders.
  • The largest Brown & Brown buyer in Q1 2025 was Parnassus Investments, an estimated $808M added.
  • The largest Brown & Brown seller in Q1 2025 was Select Equity Group, an estimated $190M sold.

Based on aggregated 13F filings for Q1 2025.