Brown & Brown
516 hedge funds and large institutions have $11.3B invested in Brown & Brown in 2021 Q3 according to their latest regulatory filings, with 83 funds opening new positions, 174 increasing their positions, 160 reducing their positions, and 31 closing their positions.
168% more first-time investments, than exits
New positions opened: 83 | Existing positions closed: 31
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
10% more funds holding
Funds holding: 470 → 516 (+46)
6% more capital invested
Capital invested by funds: $10.7B → $11.3B (+$655M)
1.28% more ownership
Funds ownership: 71.52% → 72.8% (+1.3%)
9% more repeat investments, than reductions
Existing positions increased: 174 | Existing positions reduced: 160
76% less call options, than puts
Call options by funds: $1.68M | Put options by funds: $6.94M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$172M |
| 2 |
State Street
Boston,
Massachusetts
|
+$117M |
| 3 |
Select Equity Group
New York
|
+$89.1M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$72.4M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$70.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$372M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
-$38.8M |
| 3 |
Bank of New York Mellon
New York
|
-$32.6M |
| 4 |
First Eagle Investment Management
New York
|
-$28.7M |
| 5 |
Retirement Systems of Alabama
Montgomery,
Alabama
|
-$26.9M |
BRO Hedge Fund Activity: Q3 2021 in Review
516 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q3 2021, worth a combined $11.3B — up 6.1% from $10.7B a quarter earlier.
Buyers outnumbered sellers: 83 funds opened new BRO positions and 31 closed out — a net gain of 52 holders — while 174 added to existing stakes and 160 trimmed.
The largest buyer was Vanguard Group, adding an estimated $172M. The largest seller was BlackRock, cutting an estimated $372M.
- 516 institutional investors held Brown & Brown (BRO) as of Q3 2021, up from 470 in Q2 2021.
- Funds reported $11.3B of Brown & Brown stock for Q3 2021, up 6.1% quarter-over-quarter.
- 83 funds opened new Brown & Brown positions in Q3 2021 and 31 closed out, a net change of +52 holders.
- The largest Brown & Brown buyer in Q3 2021 was Vanguard Group, an estimated $172M added.
- The largest Brown & Brown seller in Q3 2021 was BlackRock, an estimated $372M sold.
Based on aggregated 13F filings for Q3 2021.