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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
BS
751
Banco Santander
Spain
– -$350K -4,923 Closed
CIA
752
Concurrent Investment Advisors
Florida
– -$335K -4,705 Closed
GS
753
GTS Securities
New York
– -$330K -4,634 Closed
FA
754
FDx Advisors
Illinois
– -$315K -4,436 Closed
FI
755
FJ Investments
Utah
– -$292K -4,102 Closed
BHCM
756
Brevan Howard Capital Management
Jersey
– -$260K -3,656 Closed
CFA
757
CWS Financial Advisors
Michigan
– -$226K -3,181 Closed
KI
758
Kapitalo Investimentos
Brazil
– -$150K -2,106 Closed
TWM
759
Tradition Wealth Management
Minnesota
– -$140K -1,974 Closed
AFS
760
Annapolis Financial Services
Maryland
– -$85.3K -1,200 Closed
WTG
761
West Tower Group
Virginia
– -$73.7K -1,037 Closed
MSWM
762
McGlone Suttner Wealth Management
Wisconsin
– -$61.2K -860 Closed
QL
763
Quarry LP
New York
– -$53.8K -756 Closed
GWMIA
764
Global Wealth Management Investment Advisory
Florida
– -$51.2K -720 Closed
MFG
765
Mendota Financial Group
Wisconsin
– -$42K -590 Closed
GWS
766
Glassman Wealth Services
Virginia
– -$8.6K -121 Closed
RIM
767
Rockbridge Investment Management
New York
– -$6.26K -88 Closed
IWA
768
IBEX Wealth Advisors
New Jersey
– -$2.64K -37 Closed
TCWA
769
Turtle Creek Wealth Advisors
Texas
– -$2.35K -33 Closed
NFSG
770
Newbridge Financial Services Group
Florida
– -$1.42K -20 Closed
TSW
771
Thompson Siegel & Walmsley
Virginia
– -$1K -20 Closed
AssetMark Inc
772
AssetMark Inc
California
– -$1.21K -17 Closed
TVAMP
773
Tennessee Valley Asset Management Partners
Tennessee
– -$576 -8 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.