Brown & Brown
470 hedge funds and large institutions have $10.7B invested in Brown & Brown in 2021 Q2 according to their latest regulatory filings, with 60 funds opening new positions, 142 increasing their positions, 177 reducing their positions, and 45 closing their positions.
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
33% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 45
17% more capital invested
Capital invested by funds: $9.1B → $10.7B (+$1.58B)
3% more funds holding
Funds holding: 456 → 470 (+14)
1.08% more ownership
Funds ownership: 70.44% → 71.52% (+1.1%)
20% less repeat investments, than reductions
Existing positions increased: 142 | Existing positions reduced: 177
54% less call options, than puts
Call options by funds: $882K | Put options by funds: $1.92M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
+$85.2M |
| 2 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$48.2M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$43.4M |
| 4 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$38.7M |
| 5 |
State Street
Boston,
Massachusetts
|
+$32.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$65.5M |
| 2 |
First Eagle Investment Management
New York
|
-$27.7M |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$14.4M |
| 4 |
VRS
Virginia Retirement Systems
Richmond,
Virginia
|
-$14.2M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$13.6M |
BRO Hedge Fund Activity: Q2 2021 in Review
470 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q2 2021, worth a combined $10.7B — up 17% from $9.1B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new BRO positions and 45 closed out — a net gain of 15 holders — while 142 added to existing stakes and 177 trimmed.
The largest buyer was Select Equity Group, adding an estimated $85.2M. The largest seller was BlackRock, cutting an estimated $65.5M.
- 470 institutional investors held Brown & Brown (BRO) as of Q2 2021, up from 456 in Q1 2021.
- Funds reported $10.7B of Brown & Brown stock for Q2 2021, up 17% quarter-over-quarter.
- 60 funds opened new Brown & Brown positions in Q2 2021 and 45 closed out, a net change of +15 holders.
- The largest Brown & Brown buyer in Q2 2021 was Select Equity Group, an estimated $85.2M added.
- The largest Brown & Brown seller in Q2 2021 was BlackRock, an estimated $65.5M sold.
Based on aggregated 13F filings for Q2 2021.