Brown & Brown
239 hedge funds and large institutions have $3.68B invested in Brown & Brown in 2016 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 94 increasing their positions, 83 reducing their positions, and 23 closing their positions.
600% more call options, than puts
Call options by funds: $14K | Put options by funds: $2K
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
30% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 23
15% more capital invested
Capital invested by funds: $3.21B → $3.68B (+$480M)
13% more repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 83
6.88% more ownership
Funds ownership: 141.67% → 148.55% (+6.9%)
3% more funds holding
Funds holding: 233 → 239 (+6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$71.7M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$57.7M |
| 3 |
FPP
Findlay Park Partners
London,
United Kingdom
|
+$55M |
| 4 |
KA
Kerrisdale Advisers
Miami,
Florida
|
+$30.2M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$39.6M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$29M |
| 3 |
AGA
Altrinsic Global Advisors
Stamford,
Connecticut
|
-$20.6M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$14.5M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$12.9M |
BRO Hedge Fund Activity: Q1 2016 in Review
239 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q1 2016, worth a combined $3.68B — up 15% from $3.21B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new BRO positions and 23 closed out — a net gain of 7 holders — while 94 added to existing stakes and 83 trimmed.
The largest buyer was Vaughan Nelson Investment Management, opening a new position worth an estimated $71.7M. The largest seller was Diamond Hill Capital Management, cutting an estimated $39.6M.
- 239 institutional investors held Brown & Brown (BRO) as of Q1 2016, up from 233 in Q4 2015.
- Funds reported $3.68B of Brown & Brown stock for Q1 2016, up 15% quarter-over-quarter.
- 30 funds opened new Brown & Brown positions in Q1 2016 and 23 closed out, a net change of +7 holders.
- The largest Brown & Brown buyer in Q1 2016 was Vaughan Nelson Investment Management, an estimated $71.7M added.
- The largest Brown & Brown seller in Q1 2016 was Diamond Hill Capital Management, an estimated $39.6M sold.
Based on aggregated 13F filings for Q1 2016.