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Brown & Brown

908 hedge funds and large institutions have $27.3B invested in Brown & Brown in 2025 Q1 according to their latest regulatory filings, with 130 funds opening new positions, 339 increasing their positions, 315 reducing their positions, and 83 closing their positions.

New
Increased
Maintained
Reduced
Closed

147% more call options, than puts

Call options by funds: $26.2M | Put options by funds: $10.6M

68% more funds holding in top 10

Funds holding in top 10: 1932 (+13)

57% more first-time investments, than exits

New positions opened: 130 | Existing positions closed: 83

25% more capital invested

Capital invested by funds: $21.9B → $27.3B (+$5.42B)

4% more funds holding

Funds holding: 873908 (+35)

1.62% more ownership

Funds ownership: 75.01%76.62% (+1.6%)

8% more repeat investments, than reductions

Existing positions increased: 339 | Existing positions reduced: 315

Holders
908
Holders Change
+35
Holders Change %
+4.01%
% of All Funds
12.17%
Holding in Top 10
32
Holding in Top 10 Change
+13
Holding in Top 10 Change %
+68.42%
% of All Funds
0.43%
New
130
Increased
339
Reduced
315
Closed
83
Calls
$26.2M
Puts
$10.6M
Net Calls
+$15.6M
Net Calls Change
-$4.27M
Name Holding Trade Value Shares
Change
Change in
Stake
MCM
151
Mattern Capital Management
Colorado
$14.7M -$914K -8,176 -6%
SBH
152
Segall Bryant & Hamill
Illinois
$14.7M -$767K -6,860 -5%
UB
153
UMB Bank
Missouri
$14.7M +$8.72K +78 +0.1%
Korea Investment Corp
154
Korea Investment Corp
South Korea
$14.3M +$1.37M +12,267 +12%
YCM
155
Yousif Capital Management
Michigan
$14.3M -$1.06M -9,472 -8%
New York State Common Retirement Fund
156
New York State Common Retirement Fund
New York
$14.2M -$19.6M -175,100 -60%
VDI
157
Vaughan David Investments
Illinois
$14.1M
KCM
158
Kennedy Capital Management
Missouri
$13.9M -$2.97M -26,544 -19%
MWM
159
Moran Wealth Management
Florida
$13.8M +$9.19M +82,234 +283%
Treasurer of the State of North Carolina
160
Treasurer of the State of North Carolina
North Carolina
$13.6M +$403K +3,610 +3%
QCMNJ
161
Quantum Capital Management (New Jersey)
New Jersey
$13.5M -$271K -2,423 -2%
D.E. Shaw & Co
162
D.E. Shaw & Co
New York
$13.5M -$9.71M -86,904 -45%
RAM
163
Resona Asset Management
Japan
$13.3M +$641K +5,737 +6%
Wellington Management Group
164
Wellington Management Group
Massachusetts
$13M -$3.96M -35,480 -25%
CI
165
Cooper Investors
Australia
$13M -$1.97M -17,632 -14%
HFS
166
Hantz Financial Services
Michigan
$12.9M -$383K -3,425 -3%
Asset Management One
167
Asset Management One
Japan
$12.6M +$902K +8,070 +9%
LAM
168
Lountzis Asset Management
Pennsylvania
$12.5M -$1.32M -11,821 -10%
PNAA
169
Pictet North America Advisors
Switzerland
$12.5M +$801K +7,172 +8%
Mackenzie Financial
170
Mackenzie Financial
Ontario, Canada
$12.5M +$670K +5,997 +6%
JF
171
Jump Financial
Illinois
$12.3M +$9.76M +87,379 +738%
HBCM
172
Heron Bay Capital Management
Michigan
$12.2M -$80K -716 -0.7%
FAF
173
Fjarde Ap-fonden
Sweden
$12.1M +$1.03M +9,200 +10%
SAM
174
Shell Asset Management
Netherlands
$12.1M -$433K -3,876 -4%
State of Tennessee, Department of Treasury
175
State of Tennessee, Department of Treasury
Tennessee
$12.1M -$1.72M -15,422 -14%

BRO Hedge Fund Activity: Q1 2025 in Review

908 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q1 2025, worth a combined $27.3B — up 25% from $21.9B a quarter earlier.

Buyers outnumbered sellers: 130 funds opened new BRO positions and 83 closed out — a net gain of 47 holders — while 339 added to existing stakes and 315 trimmed.

The largest buyer was Parnassus Investments, opening a new position worth an estimated $808M. The largest seller was Select Equity Group, cutting an estimated $190M.

  • 908 institutional investors held Brown & Brown (BRO) as of Q1 2025, up from 873 in Q4 2024.
  • Funds reported $27.3B of Brown & Brown stock for Q1 2025, up 25% quarter-over-quarter.
  • 130 funds opened new Brown & Brown positions in Q1 2025 and 83 closed out, a net change of +47 holders.
  • The largest Brown & Brown buyer in Q1 2025 was Parnassus Investments, an estimated $808M added.
  • The largest Brown & Brown seller in Q1 2025 was Select Equity Group, an estimated $190M sold.

Based on aggregated 13F filings for Q1 2025.