Brown & Brown
814 hedge funds and large institutions have $18.2B invested in Brown & Brown in 2026 Q1 according to their latest regulatory filings, with 100 funds opening new positions, 308 increasing their positions, 304 reducing their positions, and 161 closing their positions.
182% more call options, than puts
Call options by funds: $33.2M | Put options by funds: $11.8M
1.93% more ownership
Funds ownership: 79.92% → 81.84% (+1.9%)
1% more repeat investments, than reductions
Existing positions increased: 308 | Existing positions reduced: 304
8% less funds holding
Funds holding: 887 → 814 (-73)
16% less capital invested
Capital invested by funds: $21.7B → $18.2B (-$3.57B)
33% less funds holding in top 10
Funds holding in top 10: 12 → 8 (-4)
38% less first-time investments, than exits
New positions opened: 100 | Existing positions closed: 161
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Eagle Investment Management
New York
|
+$636M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$397M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$281M |
| 4 |
Jones Financial Companies
Des Peres,
Missouri
|
+$118M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$111M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parnassus Investments
San Francisco,
California
|
-$443M |
| 2 |
Capital International Investors
Los Angeles,
California
|
-$148M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$136M |
| 4 |
Select Equity Group
New York
|
-$102M |
| 5 |
Capital World Investors
Los Angeles,
California
|
-$100M |
BRO Hedge Fund Activity: Q1 2026 in Review
814 of the 8,172 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q1 2026, worth a combined $18.2B — down 16% from $21.7B a quarter earlier.
Sellers outnumbered buyers: 161 funds closed out of BRO and 100 opened new positions — a net loss of 61 holders — while 304 trimmed existing stakes and 308 added.
The largest buyer was First Eagle Investment Management, opening a new position worth an estimated $636M. The largest seller was Parnassus Investments, cutting an estimated $443M.
- 814 institutional investors held Brown & Brown (BRO) as of Q1 2026, down from 887 in Q4 2025.
- Funds reported $18.2B of Brown & Brown stock for Q1 2026, down 16% quarter-over-quarter.
- 100 funds opened new Brown & Brown positions in Q1 2026 and 161 closed out, a net change of -61 holders.
- The largest Brown & Brown buyer in Q1 2026 was First Eagle Investment Management, an estimated $636M added.
- The largest Brown & Brown seller in Q1 2026 was Parnassus Investments, an estimated $443M sold.
Based on aggregated 13F filings for Q1 2026.