Brown & Brown
320 hedge funds and large institutions have $5.48B invested in Brown & Brown in 2018 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 120 increasing their positions, 100 reducing their positions, and 46 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 100
0.64% less ownership
Funds ownership: 72.21% → 71.57% (-0.64%)
4% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 46
1% less funds holding
Funds holding: 324 → 320 (-4)
8% less capital invested
Capital invested by funds: $5.95B → $5.48B (-$473M)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $8K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
APG Asset Management
Amsterdam,
Netherlands
|
+$36M |
| 2 |
Select Equity Group
New York
|
+$31.7M |
| 3 |
BlackRock
New York
|
+$23.4M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$21.7M |
| 5 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$29.5M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$27.1M |
| 3 |
FQ
First Quadrant
Glendale,
California
|
-$17.3M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$11.7M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$11.6M |
BRO Hedge Fund Activity: Q4 2018 in Review
320 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q4 2018, worth a combined $5.48B — down 8% from $5.95B a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of BRO and 44 opened new positions — a net loss of 2 holders — while 100 trimmed existing stakes and 120 added.
The largest buyer was APG Asset Management, adding an estimated $36M. The largest seller was Goldman Sachs, cutting an estimated $29.5M.
- 320 institutional investors held Brown & Brown (BRO) as of Q4 2018, down from 324 in Q3 2018.
- Funds reported $5.48B of Brown & Brown stock for Q4 2018, down 8% quarter-over-quarter.
- 44 funds opened new Brown & Brown positions in Q4 2018 and 46 closed out, a net change of -2 holders.
- The largest Brown & Brown buyer in Q4 2018 was APG Asset Management, an estimated $36M added.
- The largest Brown & Brown seller in Q4 2018 was Goldman Sachs, an estimated $29.5M sold.
Based on aggregated 13F filings for Q4 2018.