Brown & Brown
258 hedge funds and large institutions have $3.87B invested in Brown & Brown in 2016 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 104 increasing their positions, 84 reducing their positions, and 13 closing their positions.
169% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 13
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
24% more repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 84
8% more funds holding
Funds holding: 238 → 258 (+20)
0% more capital invested
Capital invested by funds: $3.86B → $3.87B (+$12.3M)
0.18% less ownership
Funds ownership: 147.12% → 146.94% (-0.18%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
+$33.5M |
| 2 |
Millennium Management
New York
|
+$18.5M |
| 3 |
Renaissance Technologies
New York
|
+$10.2M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$9.61M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$9.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$42.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$31.4M |
| 3 |
MIH
Madison Investment Holdings
Madison,
Wisconsin
|
-$19.7M |
| 4 |
KA
Kerrisdale Advisers
Miami,
Florida
|
-$16.3M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
-$12.6M |
BRO Hedge Fund Activity: Q3 2016 in Review
258 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q3 2016, worth a combined $3.87B — up 0.32% from $3.86B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new BRO positions and 13 closed out — a net gain of 22 holders — while 104 added to existing stakes and 84 trimmed.
The largest buyer was Select Equity Group, opening a new position worth an estimated $33.5M. The largest seller was Principal Financial Group, cutting an estimated $42.5M.
- 258 institutional investors held Brown & Brown (BRO) as of Q3 2016, up from 238 in Q2 2016.
- Funds reported $3.87B of Brown & Brown stock for Q3 2016, up 0.32% quarter-over-quarter.
- 35 funds opened new Brown & Brown positions in Q3 2016 and 13 closed out, a net change of +22 holders.
- The largest Brown & Brown buyer in Q3 2016 was Select Equity Group, an estimated $33.5M added.
- The largest Brown & Brown seller in Q3 2016 was Principal Financial Group, an estimated $42.5M sold.
Based on aggregated 13F filings for Q3 2016.