Brown & Brown
894 hedge funds and large institutions have $24.6B invested in Brown & Brown in 2025 Q3 according to their latest regulatory filings, with 101 funds opening new positions, 398 increasing their positions, 292 reducing their positions, and 121 closing their positions.
154% more call options, than puts
Call options by funds: $16.2M | Put options by funds: $6.37M
36% more repeat investments, than reductions
Existing positions increased: 398 | Existing positions reduced: 292
4% less funds holding
Funds holding: 928 → 894 (-34)
13.5% less ownership
Funds ownership: 92.96% → 79.45% (-14%)
17% less first-time investments, than exits
New positions opened: 101 | Existing positions closed: 121
17% less capital invested
Capital invested by funds: $29.5B → $24.6B (-$4.97B)
36% less funds holding in top 10
Funds holding in top 10: 28 → 18 (-10)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$763M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$342M |
| 3 |
VLKIM
Van Lanschot Kempen Investment Management
Amsterdam,
Netherlands
|
+$190M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
+$177M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$166M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$507M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$433M |
| 3 |
GCM
Ghisallo Capital Management
Boston,
Massachusetts
|
-$180M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$172M |
| 5 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$132M |
BRO Hedge Fund Activity: Q3 2025 in Review
894 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q3 2025, worth a combined $24.6B — down 17% from $29.5B a quarter earlier.
Sellers outnumbered buyers: 121 funds closed out of BRO and 101 opened new positions — a net loss of 20 holders — while 292 trimmed existing stakes and 398 added.
The largest buyer was Capital World Investors, adding an estimated $763M. The largest seller was Citadel Advisors, cutting an estimated $507M.
- 894 institutional investors held Brown & Brown (BRO) as of Q3 2025, down from 928 in Q2 2025.
- Funds reported $24.6B of Brown & Brown stock for Q3 2025, down 17% quarter-over-quarter.
- 101 funds opened new Brown & Brown positions in Q3 2025 and 121 closed out, a net change of -20 holders.
- The largest Brown & Brown buyer in Q3 2025 was Capital World Investors, an estimated $763M added.
- The largest Brown & Brown seller in Q3 2025 was Citadel Advisors, an estimated $507M sold.
Based on aggregated 13F filings for Q3 2025.