Brown & Brown
928 hedge funds and large institutions have $29.5B invested in Brown & Brown in 2025 Q2 according to their latest regulatory filings, with 131 funds opening new positions, 371 increasing their positions, 305 reducing their positions, and 99 closing their positions.
32% more first-time investments, than exits
New positions opened: 131 | Existing positions closed: 99
22% more repeat investments, than reductions
Existing positions increased: 371 | Existing positions reduced: 305
16.33% more ownership
Funds ownership: 76.62% → 92.96% (+16%)
14% more call options, than puts
Call options by funds: $40M | Put options by funds: $35M
8% more capital invested
Capital invested by funds: $27.3B → $29.5B (+$2.23B)
2% more funds holding
Funds holding: 907 → 928 (+21)
13% less funds holding in top 10
Funds holding in top 10: 32 → 28 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$888M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$590M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$576M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$500M |
| 5 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$270M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Eagle Investment Management
New York
|
-$239M |
| 2 |
Morgan Stanley
New York
|
-$189M |
| 3 |
CAM
Close Asset Management
London,
United Kingdom
|
-$127M |
| 4 |
Select Equity Group
New York
|
-$59.4M |
| 5 |
WorldQuant Millennium Advisors
New York
|
-$54.3M |
BRO Hedge Fund Activity: Q2 2025 in Review
928 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q2 2025, worth a combined $29.5B — up 8.2% from $27.3B a quarter earlier.
Buyers outnumbered sellers: 131 funds opened new BRO positions and 99 closed out — a net gain of 32 holders — while 371 added to existing stakes and 305 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $888M. The largest seller was First Eagle Investment Management, exiting entirely with an estimated $239M sold.
- 928 institutional investors held Brown & Brown (BRO) as of Q2 2025, up from 907 in Q1 2025.
- Funds reported $29.5B of Brown & Brown stock for Q2 2025, up 8.2% quarter-over-quarter.
- 131 funds opened new Brown & Brown positions in Q2 2025 and 99 closed out, a net change of +32 holders.
- The largest Brown & Brown buyer in Q2 2025 was Fidelity Investments, an estimated $888M added.
- The largest Brown & Brown seller in Q2 2025 was First Eagle Investment Management, an estimated $239M sold.
Based on aggregated 13F filings for Q2 2025.