Brown & Brown
820 hedge funds and large institutions have $21.7B invested in Brown & Brown in 2024 Q3 according to their latest regulatory filings, with 117 funds opening new positions, 311 increasing their positions, 266 reducing their positions, and 50 closing their positions.
2,381% more call options, than puts
Call options by funds: $28.5M | Put options by funds: $1.15M
134% more first-time investments, than exits
New positions opened: 117 | Existing positions closed: 50
29% more funds holding in top 10
Funds holding in top 10: 14 → 18 (+4)
17% more repeat investments, than reductions
Existing positions increased: 311 | Existing positions reduced: 266
16% more capital invested
Capital invested by funds: $18.7B → $21.7B (+$2.97B)
8% more funds holding
Funds holding: 758 → 820 (+62)
0.04% more ownership
Funds ownership: 73.35% → 73.39% (+0.04%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$219M |
| 2 |
BlackRock
New York
|
+$124M |
| 3 |
GC
Gobi Capital
San Francisco,
California
|
+$98.3M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$82.9M |
| 5 |
Millennium Management
New York
|
+$46.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
-$354M |
| 2 |
APG Asset Management
Amsterdam,
Netherlands
|
-$223M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$103M |
| 4 |
SAM
Storebrand Asset Management
Lysaker,
Norway
|
-$78.5M |
| 5 |
CCP
Clarkston Capital Partners
Rochester,
Michigan
|
-$60.8M |
BRO Hedge Fund Activity: Q3 2024 in Review
820 of the 6,983 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q3 2024, worth a combined $21.7B — up 16% from $18.7B a quarter earlier.
Buyers outnumbered sellers: 117 funds opened new BRO positions and 50 closed out — a net gain of 67 holders — while 311 added to existing stakes and 266 trimmed.
The largest buyer was Capital World Investors, adding an estimated $219M. The largest seller was Select Equity Group, cutting an estimated $354M.
- 820 institutional investors held Brown & Brown (BRO) as of Q3 2024, up from 758 in Q2 2024.
- Funds reported $21.7B of Brown & Brown stock for Q3 2024, up 16% quarter-over-quarter.
- 117 funds opened new Brown & Brown positions in Q3 2024 and 50 closed out, a net change of +67 holders.
- The largest Brown & Brown buyer in Q3 2024 was Capital World Investors, an estimated $219M added.
- The largest Brown & Brown seller in Q3 2024 was Select Equity Group, an estimated $354M sold.
Based on aggregated 13F filings for Q3 2024.