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Brown & Brown
BRO

715 hedge funds and large institutions have $18B invested in Brown & Brown in 2024 Q1 according to their latest regulatory filings, with 98 funds opening new positions, 271 increasing their positions, 232 reducing their positions, and 58 closing their positions.

New
Increased
Maintained
Reduced
Closed

976% more call options, than puts

Call options by funds: $18.9M | Put options by funds: $1.76M

69% more first-time investments, than exits

New positions opened: 98 | Existing positions closed: 58

36% more funds holding in top 10

Funds holding in top 10: 11 → 15 (+4)

18% more capital invested

Capital invested by funds: $15.3B → $18B (+$2.76B)

17% more repeat investments, than reductions

Existing positions increased: 271 | Existing positions reduced: 232

5% more funds holding

Funds holding: 682 → 715 (+33)

3.33% less ownership

Funds ownership: 75.58% → 72.25% (-3.3%)

Holders
715
Holders Change
+33
Holders Change %
+4.84%
% of All Funds
10.3%
Holding in Top 10
15
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+36.36%
% of All Funds
0.22%
New
98
Increased
271
Reduced
232
Closed
58
Calls
$18.9M
Puts
$1.76M
Net Calls
+$17.2M
Net Calls Change
+$8.51M

Top Buyers

1
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$64.4M
2
Invesco
Invesco
Georgia
+$52.6M
3
Adage Capital Partners
Adage Capital Partners
Massachusetts
+$38.4M
4
Capital World Investors
Capital World Investors
California
+$38.1M
5
Allianz Asset Management
Allianz Asset Management
Germany
+$35.3M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$734M
2
First Eagle Investment Management
First Eagle Investment Management
New York
-$80.3M
3
Select Equity Group
Select Equity Group
New York
-$56.6M
4
Allspring Global Investments
Allspring Global Investments
North Carolina
-$53.4M
5
Millennium Management
Millennium Management
New York
-$50.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wellington Management Group
126
Wellington Management Group
Massachusetts
$13.6M -$4.1K -51 -0%
Canada Life
127
Canada Life
Manitoba, Canada
$13.3M +$567K +7,048 +5%
Diamond Hill Capital Management
128
Diamond Hill Capital Management
Ohio
$13.2M -$188K -2,341 -2%
CI
129
Cooper Investors
Australia
$12.8M -$539K -6,700 -4%
First Trust Advisors
130
First Trust Advisors
Illinois
$12.7M -$7.03M -87,502 -38%
MFAM
131
Motley Fool Asset Management
Virginia
$12.7M -$309K -3,848 -3%
ROC
132
Running Oak Capital
Minnesota
$12.2M +$918K +11,418 +9%
GAM
133
Gotham Asset Management
New York
$12M +$174K +2,163 +2%
STCG
134
Speece Thorson Capital Group
Minnesota
$12M -$144K -1,796 -1%
CWM
135
Congress Wealth Management
Massachusetts
$12M +$542K +6,744 +5%
Acadian Asset Management
136
Acadian Asset Management
Massachusetts
$11.9M -$16.8M -209,103 -61%
Ensign Peak Advisors
137
Ensign Peak Advisors
Utah
$11.9M +$22.4K +279 +0.2%
YCM
138
Yousif Capital Management
Michigan
$11.9M +$10.5K +130 +0.1%
State of New Jersey Common Pension Fund D
139
State of New Jersey Common Pension Fund D
New Jersey
$11.7M – – –
Credit Agricole
140
Credit Agricole
France
$11.7M +$3.83M +47,677 +49%
MCM
141
Mattern Capital Management
Colorado
$11.5M -$110K -1,366 -1%
OAC
142
OMERS Administration Corp
Ontario, Canada
$11.5M – – –
Chevy Chase Trust
143
Chevy Chase Trust
Maryland
$11.4M -$93.7K -1,166 -0.9%
MMA
144
Mizuho Markets Americas
New York
$11.2M +$5.09M +63,289 +98%
LAM
145
Lountzis Asset Management
Pennsylvania
$11.1M -$3.06K -38 -0%
Comerica Bank
146
Comerica Bank
Texas
$11M +$147K +1,824 +1%
UB
147
UMB Bank
Missouri
$10.8M -$13.2K -164 -0.1%
Commonwealth Equity Services
148
Commonwealth Equity Services
Massachusetts
$10.6M +$285K +3,540 +3%
SSA
149
Schonfeld Strategic Advisors
New York
$10.3M +$3.73M +46,449 +65%
State of Tennessee, Department of Treasury
150
State of Tennessee, Department of Treasury
Tennessee
$10.1M -$1.52M -18,913 -14%
4 5
6
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BRO Hedge Fund Activity: Q1 2024 in Review

715 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q1 2024, worth a combined $18B — up 18% from $15.3B a quarter earlier.

Buyers outnumbered sellers: 98 funds opened new BRO positions and 58 closed out — a net gain of 40 holders — while 271 added to existing stakes and 232 trimmed.

The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $64.4M. The largest seller was Morgan Stanley, cutting an estimated $734M.

  • 715 institutional investors held Brown & Brown (BRO) as of Q1 2024, up from 682 in Q4 2023.
  • Funds reported $18B of Brown & Brown stock for Q1 2024, up 18% quarter-over-quarter.
  • 98 funds opened new Brown & Brown positions in Q1 2024 and 58 closed out, a net change of +40 holders.
  • The largest Brown & Brown buyer in Q1 2024 was Manulife (Manufacturers Life Insurance), an estimated $64.4M added.
  • The largest Brown & Brown seller in Q1 2024 was Morgan Stanley, an estimated $734M sold.

Based on aggregated 13F filings for Q1 2024.