Brown & Brown
418 hedge funds and large institutions have $8.3B invested in Brown & Brown in 2020 Q2 according to their latest regulatory filings, with 63 funds opening new positions, 148 increasing their positions, 147 reducing their positions, and 40 closing their positions.
58% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 40
31% more call options, than puts
Call options by funds: $6M | Put options by funds: $4.59M
12% more capital invested
Capital invested by funds: $7.41B → $8.3B (+$894M)
5% more funds holding
Funds holding: 397 → 418 (+21)
1% more repeat investments, than reductions
Existing positions increased: 148 | Existing positions reduced: 147
0.13% less ownership
Funds ownership: 72.17% → 72.04% (-0.13%)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Atlanta Capital Management
Atlanta,
Georgia
|
+$49.6M |
| 2 |
Select Equity Group
New York
|
+$26.4M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$19.3M |
| 4 |
KA
Kerrisdale Advisers
Miami,
Florida
|
+$12M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$11.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$45.8M |
| 2 |
Renaissance Technologies
New York
|
-$38.8M |
| 3 |
State Street
Boston,
Massachusetts
|
-$30.2M |
| 4 |
Janus Henderson Group
London,
|
-$19.2M |
| 5 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
-$17M |
BRO Hedge Fund Activity: Q2 2020 in Review
418 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q2 2020, worth a combined $8.3B — up 12% from $7.41B a quarter earlier.
Buyers outnumbered sellers: 63 funds opened new BRO positions and 40 closed out — a net gain of 23 holders — while 148 added to existing stakes and 147 trimmed.
The largest buyer was Atlanta Capital Management, adding an estimated $49.6M. The largest seller was Vanguard Group, cutting an estimated $45.8M.
- 418 institutional investors held Brown & Brown (BRO) as of Q2 2020, up from 397 in Q1 2020.
- Funds reported $8.3B of Brown & Brown stock for Q2 2020, up 12% quarter-over-quarter.
- 63 funds opened new Brown & Brown positions in Q2 2020 and 40 closed out, a net change of +23 holders.
- The largest Brown & Brown buyer in Q2 2020 was Atlanta Capital Management, an estimated $49.6M added.
- The largest Brown & Brown seller in Q2 2020 was Vanguard Group, an estimated $45.8M sold.
Based on aggregated 13F filings for Q2 2020.