Brown & Brown
604 hedge funds and large institutions have $13.9B invested in Brown & Brown in 2023 Q2 according to their latest regulatory filings, with 78 funds opening new positions, 228 increasing their positions, 198 reducing their positions, and 40 closing their positions.
365% more call options, than puts
Call options by funds: $7.49M | Put options by funds: $1.61M
95% more first-time investments, than exits
New positions opened: 78 | Existing positions closed: 40
20% more funds holding in top 10
Funds holding in top 10: 10 → 12 (+2)
20% more capital invested
Capital invested by funds: $11.6B → $13.9B (+$2.3B)
15% more repeat investments, than reductions
Existing positions increased: 228 | Existing positions reduced: 198
7% more funds holding
Funds holding: 567 → 604 (+37)
0.16% more ownership
Funds ownership: 71.26% → 71.42% (+0.16%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$181M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$59.7M |
| 3 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$58.2M |
| 4 |
Barclays
London,
United Kingdom
|
+$38.8M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$34.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$211M |
| 2 |
Select Equity Group
New York
|
-$51.3M |
| 3 |
First Eagle Investment Management
New York
|
-$39.3M |
| 4 |
Millennium Management
New York
|
-$33M |
| 5 |
Rockefeller Capital Management
New York
|
-$25.5M |
BRO Hedge Fund Activity: Q2 2023 in Review
604 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q2 2023, worth a combined $13.9B — up 20% from $11.6B a quarter earlier.
Buyers outnumbered sellers: 78 funds opened new BRO positions and 40 closed out — a net gain of 38 holders — while 228 added to existing stakes and 198 trimmed.
The largest buyer was First Trust Advisors, adding an estimated $181M. The largest seller was T. Rowe Price Associates, cutting an estimated $211M.
- 604 institutional investors held Brown & Brown (BRO) as of Q2 2023, up from 567 in Q1 2023.
- Funds reported $13.9B of Brown & Brown stock for Q2 2023, up 20% quarter-over-quarter.
- 78 funds opened new Brown & Brown positions in Q2 2023 and 40 closed out, a net change of +38 holders.
- The largest Brown & Brown buyer in Q2 2023 was First Trust Advisors, an estimated $181M added.
- The largest Brown & Brown seller in Q2 2023 was T. Rowe Price Associates, an estimated $211M sold.
Based on aggregated 13F filings for Q2 2023.