Brown & Brown
800 hedge funds and large institutions have $18B invested in Brown & Brown in 2026 Q2 according to their latest regulatory filings, with 124 funds opening new positions, 316 increasing their positions, 270 reducing their positions, and 122 closing their positions.
299% more call options, than puts
Call options by funds: $42.7M | Put options by funds: $10.7M
17% more repeat investments, than reductions
Existing positions increased: 316 | Existing positions reduced: 270
1.1% more ownership
Funds ownership: 81.84% → 82.94% (+1.1%)
2% more first-time investments, than exits
New positions opened: 124 | Existing positions closed: 122
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
1% less capital invested
Capital invested by funds: $18.2B → $18B (-$134M)
2% less funds holding
Funds holding: 814 → 800 (-14)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$328M |
| 2 |
First Eagle Investment Management
New York
|
+$177M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$144M |
| 4 |
Goldman Sachs
New York
|
+$82.7M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$54.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
-$191M |
| 2 |
Barclays
London,
United Kingdom
|
-$177M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$154M |
| 4 |
Capital World Investors
Los Angeles,
California
|
-$124M |
| 5 |
Capital International Investors
Los Angeles,
California
|
-$110M |
BRO Hedge Fund Activity: Q2 2026 in Review
800 of the 8,279 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q2 2026, worth a combined $18B — down 0.74% from $18.2B a quarter earlier.
Buyers outnumbered sellers: 124 funds opened new BRO positions and 122 closed out — a net gain of 2 holders — while 316 added to existing stakes and 270 trimmed.
The largest buyer was Orbis Allan Gray, opening a new position worth an estimated $328M. The largest seller was Select Equity Group, cutting an estimated $191M.
- 800 institutional investors held Brown & Brown (BRO) as of Q2 2026, down from 814 in Q1 2026.
- Funds reported $18B of Brown & Brown stock for Q2 2026, down 0.74% quarter-over-quarter.
- 124 funds opened new Brown & Brown positions in Q2 2026 and 122 closed out, a net change of +2 holders.
- The largest Brown & Brown buyer in Q2 2026 was Orbis Allan Gray, an estimated $328M added.
- The largest Brown & Brown seller in Q2 2026 was Select Equity Group, an estimated $191M sold.
Based on aggregated 13F filings for Q2 2026.