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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.

New
Increased
Maintained
Reduced
Closed

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: 887814 (-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: 128 (-4)

38% less first-time investments, than exits

New positions opened: 100 | Existing positions closed: 161

Holders
814
Holders Change
-73
Holders Change %
-8.23%
% of All Funds
9.96%
Holding in Top 10
8
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-33.33%
% of All Funds
0.1%
New
100
Increased
308
Reduced
304
Closed
161
Calls
$33.2M
Puts
$11.8M
Net Calls
+$21.4M
Net Calls Change
+$19.1M
Name Holding Trade Value Shares
Change
Change in
Stake
California Public Employees Retirement System
76
California Public Employees Retirement System
California
$33.5M -$6.66M -92,416 -15%
GAM
77
Gotham Asset Management
New York
$33.3M +$15.1M +209,491 +70%
Artisan Partners
78
Artisan Partners
Wisconsin
$33M +$36.5M +506,724 New
Vanguard Asset Management
79
Vanguard Asset Management
$33M +$36.5M +506,473 New
National Pension Service
80
National Pension Service
South Korea
$32.8M -$72.8K -1,010 -0.2%
BNP Paribas Financial Markets
81
BNP Paribas Financial Markets
France
$32.5M -$8.06M -111,780 -18%
Korea Investment Corp
82
Korea Investment Corp
South Korea
$30.2M +$22.6M +313,540 +209%
EAM
83
EULAV Asset Management
Florida
$29M
CAPTRUST Financial Advisors
84
CAPTRUST Financial Advisors
North Carolina
$28.9M -$3.06M -42,424 -9%
Mitsubishi UFJ Trust & Banking
85
Mitsubishi UFJ Trust & Banking
Japan
$28.6M +$1.14M +15,763 +4%
CCP
86
Clarkston Capital Partners
Michigan
$27.1M -$10M -139,199 -25%
LPPI
87
Local Pensions Partnership Investment
United Kingdom
$26.5M
CIM
88
Confluence Investment Management
Missouri
$26.4M -$625K -8,674 -2%
Bank of Montreal
89
Bank of Montreal
Ontario, Canada
$26.3M -$4.58M -63,507 -14%
TCM
90
TimesSquare Capital Management
New York
$26.2M -$559K -7,756 -2%
OCM
91
Osterweis Capital Management
California
$25.9M -$2.05M -28,435 -7%
CA
92
Cortland Associates
Missouri
$25.6M +$7.43M +103,034 +36%
SEI Investments
93
SEI Investments
Pennsylvania
$24.6M -$14M -194,225 -34%
AllianceBernstein
94
AllianceBernstein
Tennessee
$23.6M -$883K -12,253 -4%
Stifel Financial
95
Stifel Financial
Missouri
$23.3M +$4.34M +60,221 +20%
PC
96
PhiloSmith Capital
Connecticut
$22.7M +$2.16M +30,000 +9%
CIBC Asset Management
97
CIBC Asset Management
Ontario, Canada
$22.6M -$6.09M -84,548 -20%
CAM
98
Cresset Asset Management
Illinois
$22M +$2.09M +28,931 +9%
California State Teachers Retirement System (CalSTRS)
99
California State Teachers Retirement System (CalSTRS)
California
$22M -$863K -11,978 -3%
SG Americas Securities
100
SG Americas Securities
New York
$21.7M +$8.01M +111,104 +50%

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.