Brown & Brown
232 hedge funds and large institutions have $3.42B invested in Brown & Brown in 2015 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 104 increasing their positions, 67 reducing their positions, and 32 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 67
2.24% more ownership
Funds ownership: 141.8% → 144.04% (+2.2%)
2% more capital invested
Capital invested by funds: $3.36B → $3.42B (+$62.3M)
4% less funds holding
Funds holding: 241 → 232 (-9)
19% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 32
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$40.5M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$16.6M |
| 3 |
Diamond Hill Capital Management
Columbus,
Ohio
|
+$16.5M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$15.6M |
| 5 |
Select Equity Group
New York
|
+$12.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$21.4M |
| 2 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$19.5M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$19.2M |
| 4 |
MA
Marshfield Associates
Washington,
District of Columbia
|
-$18.3M |
| 5 |
MSA
Mason Street Advisors
Milwaukee,
Wisconsin
|
-$10.8M |
BRO Hedge Fund Activity: Q1 2015 in Review
232 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q1 2015, worth a combined $3.42B — up 1.9% from $3.36B a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of BRO and 26 opened new positions — a net loss of 6 holders — while 67 trimmed existing stakes and 104 added.
The largest buyer was Fidelity Investments, adding an estimated $40.5M. The largest seller was Weiss Multi-Strategy Advisers, exiting entirely with an estimated $21.4M sold.
- 232 institutional investors held Brown & Brown (BRO) as of Q1 2015, down from 241 in Q4 2014.
- Funds reported $3.42B of Brown & Brown stock for Q1 2015, up 1.9% quarter-over-quarter.
- 26 funds opened new Brown & Brown positions in Q1 2015 and 32 closed out, a net change of -6 holders.
- The largest Brown & Brown buyer in Q1 2015 was Fidelity Investments, an estimated $40.5M added.
- The largest Brown & Brown seller in Q1 2015 was Weiss Multi-Strategy Advisers, an estimated $21.4M sold.
Based on aggregated 13F filings for Q1 2015.