Brown & Brown
417 hedge funds and large institutions have $8.3B invested in Brown & Brown in 2020 Q2 according to their latest regulatory filings, with 63 funds opening new positions, 149 increasing their positions, 146 reducing their positions, and 40 closing their positions.
58% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 40
31% more call options, than puts
Call options by funds: $6M | Put options by funds: $4.59M
11% more capital invested
Capital invested by funds: $7.5B → $8.3B (+$806M)
5% more funds holding
Funds holding: 396 → 417 (+21)
2% more repeat investments, than reductions
Existing positions increased: 149 | Existing positions reduced: 146
0.98% less ownership
Funds ownership: 73.03% → 72.05% (-0.98%)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Atlanta Capital Management
Atlanta,
Georgia
|
+$49.6M |
| 2 |
Select Equity Group
New York
|
+$26.4M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$19.3M |
| 4 |
KA
Kerrisdale Advisers
Miami,
Florida
|
+$12M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$11.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$105M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$45.8M |
| 3 |
Renaissance Technologies
New York
|
-$38.8M |
| 4 |
State Street
Boston,
Massachusetts
|
-$30.2M |
| 5 |
Janus Henderson Group
London,
United Kingdom
|
-$19.2M |
BRO Hedge Fund Activity: Q2 2020 in Review
417 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q2 2020, worth a combined $8.3B — up 11% from $7.5B a quarter earlier.
Buyers outnumbered sellers: 63 funds opened new BRO positions and 40 closed out — a net gain of 23 holders — while 149 added to existing stakes and 146 trimmed.
The largest buyer was Atlanta Capital Management, adding an estimated $49.6M. The largest seller was Victory Capital Management, cutting an estimated $105M.
- 417 institutional investors held Brown & Brown (BRO) as of Q2 2020, up from 396 in Q1 2020.
- Funds reported $8.3B of Brown & Brown stock for Q2 2020, up 11% quarter-over-quarter.
- 63 funds opened new Brown & Brown positions in Q2 2020 and 40 closed out, a net change of +23 holders.
- The largest Brown & Brown buyer in Q2 2020 was Atlanta Capital Management, an estimated $49.6M added.
- The largest Brown & Brown seller in Q2 2020 was Victory Capital Management, an estimated $105M sold.
Based on aggregated 13F filings for Q2 2020.