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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
MF
726
Magnetar Financial
Illinois
– -$4.14M -58,170 Closed
EGM
727
Engineers Gate Manager
New York
– -$3.45M -48,531 Closed
BFA
728
Brendel Financial Advisors
New Hampshire
– -$3.31M -46,557 Closed
BA
729
Bridgewater Associates
Connecticut
– -$2.74M -38,500 Closed
VI
730
Versor Investments
New York
– -$2.26M -31,834 Closed
WWA
731
WCG Wealth Advisors
Nevada
– -$2.08M -29,181 Closed
IAN
732
Integrated Advisors Network
Texas
– -$2.06M -28,979 Closed
SO
733
STRS Ohio
Ohio
– -$1.94M -27,222 Closed
ACM
734
Aquatic Capital Management
Illinois
– -$1.65M -23,200 Closed
OTL
735
Oak Thistle LLC
New York
– -$1.4M -19,691 Closed
UFF
736
USA Financial Formulas
Michigan
– -$1.14M -16,000 Closed
CSS
737
Cubist Systematic Strategies
Connecticut
– -$1.01M -14,143 Closed
SGI
738
Summit Global Investments
Utah
– -$960K -13,495 Closed
HF
739
HRT Financial
New York
– -$865K -12,171 Closed
GCM
740
Graham Capital Management
Connecticut
– -$751K -10,556 Closed
SLAM
741
Swiss Life Asset Management
– -$687K -9,654 Closed
PMEF
742
Point72 Middle East FZE
United Arab Emirates
– -$683K -9,612 Closed
SEC
743
Seven Eight Capital
New York
– -$605K -8,514 Closed
LCWP
744
Legacy Capital Wealth Partners
Arkansas
– -$449K -6,316 Closed
GCP
745
GSA Capital Partners
United Kingdom
– -$443K -6,232 Closed
BFM
746
Boothbay Fund Management
New York
– -$402K -5,652 Closed
QCM
747
Qsemble Capital Management
New York
– -$398K -5,600 Closed
BAM
748
Blueshift Asset Management
New Jersey
– -$393K -5,525 Closed
CC
749
Cipher Capital
New York
– -$363K -5,099 Closed
ET
750
Entropy Technologies
New York
– -$353K -4,964 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.