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Brown & Brown

231 hedge funds and large institutions have $3.07B invested in Brown & Brown in 2014 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 83 increasing their positions, 88 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

212% more call options, than puts

Call options by funds: $106K | Put options by funds: $34K

3% less capital invested

Capital invested by funds: $3.18B → $3.07B (-$110M)

6% less repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 88

2% less funds holding

Funds holding: 236231 (-5)

4.53% less ownership

Funds ownership: 142.51%137.98% (-4.5%)

14% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 29

50% less funds holding in top 10

Funds holding in top 10: 42 (-2)

Holders
231
Holders Change
-5
Holders Change %
-2.12%
% of All Funds
6.64%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.06%
New
25
Increased
83
Reduced
88
Closed
29
Calls
$106K
Puts
$34K
Net Calls
+$72K
Net Calls Change
+$56K
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$249M +$3.28M +218,472 +1%
State Street
2
State Street
Massachusetts
$196M +$4.29M +285,128 +2%
Principal Financial Group
3
Principal Financial Group
Iowa
$157M -$1.99M -132,298 -1%
Diamond Hill Capital Management
4
Diamond Hill Capital Management
Ohio
$119M +$21.2M +1,413,120 +22%
BIT
5
BlackRock Institutional Trust
California
$109M +$3.7M +246,234 +4%
BFA
6
BlackRock Fund Advisors
California
$102M +$6.32M +420,578 +7%
FPP
7
Findlay Park Partners
United Kingdom
$91M -$13.9M -923,642 -13%
Wells Fargo
8
Wells Fargo
California
$84.4M +$7.13M +474,330 +9%
RCG
9
Ruane, Cunniff & Goldfarb
New York
$82.2M -$342K -22,778 -0.4%
Fidelity Investments
10
Fidelity Investments
Massachusetts
$82.2M -$3.33M -221,464 -4%
AGA
11
Altrinsic Global Advisors
Connecticut
$82.1M +$58M +3,855,994 +258%
Citadel Advisors
12
Citadel Advisors
Florida
$80M -$89.3M -5,938,940 -53%
Kayne Anderson Rudnick Investment Management
13
Kayne Anderson Rudnick Investment Management
California
$77.1M -$1.94M -128,986 -3%
Ameriprise
14
Ameriprise
Minnesota
$76.4M -$2.31M -153,888 -3%
FAM
15
Fenimore Asset Management
New York
$64.8M +$652K +43,346 +1%
Norges Bank
16
Norges Bank
Norway
$57M +$31.9M +2,123,740 +134%
First Eagle Investment Management
17
First Eagle Investment Management
New York
$56.9M +$55.7M +3,704,940 New
CWAM
18
Columbia Wanger Asset Management
Illinois
$56.4M +$962K +64,000 +2%
Mackenzie Financial
19
Mackenzie Financial
Ontario, Canada
$54.9M +$896K +59,600 +2%
American Century Companies
20
American Century Companies
Missouri
$53M +$51.9M +3,454,340 New
Schroder Investment Management Group
21
Schroder Investment Management Group
United Kingdom
$51.5M +$20.6M +1,372,800 +69%
BAM
22
Burgundy Asset Management
Ontario, Canada
$50.9M -$733K -48,746 -1%
VBA
23
Van Berkom & Associates
Quebec, Canada
$44M +$393K +26,114 +0.9%
GCM
24
Geneva Capital Management
Wisconsin
$41.4M -$2.41M -160,480 -6%
MIH
25
Madison Investment Holdings
Wisconsin
$41.1M +$11M +733,018 +38%

BRO Hedge Fund Activity: Q2 2014 in Review

231 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q2 2014, worth a combined $3.07B — down 3.5% from $3.18B a quarter earlier.

Sellers outnumbered buyers: 29 funds closed out of BRO and 25 opened new positions — a net loss of 4 holders — while 88 trimmed existing stakes and 83 added.

The largest buyer was Altrinsic Global Advisors, adding an estimated $58M. The largest seller was T. Rowe Price Associates, cutting an estimated $109M.

  • 231 institutional investors held Brown & Brown (BRO) as of Q2 2014, down from 236 in Q1 2014.
  • Funds reported $3.07B of Brown & Brown stock for Q2 2014, down 3.5% quarter-over-quarter.
  • 25 funds opened new Brown & Brown positions in Q2 2014 and 29 closed out, a net change of -4 holders.
  • The largest Brown & Brown buyer in Q2 2014 was Altrinsic Global Advisors, an estimated $58M added.
  • The largest Brown & Brown seller in Q2 2014 was T. Rowe Price Associates, an estimated $109M sold.

Based on aggregated 13F filings for Q2 2014.