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Brown & Brown

908 hedge funds and large institutions have $27.3B invested in Brown & Brown in 2025 Q1 according to their latest regulatory filings, with 130 funds opening new positions, 339 increasing their positions, 315 reducing their positions, and 83 closing their positions.

New
Increased
Maintained
Reduced
Closed

147% more call options, than puts

Call options by funds: $26.2M | Put options by funds: $10.6M

68% more funds holding in top 10

Funds holding in top 10: 1932 (+13)

57% more first-time investments, than exits

New positions opened: 130 | Existing positions closed: 83

25% more capital invested

Capital invested by funds: $21.9B → $27.3B (+$5.42B)

4% more funds holding

Funds holding: 873908 (+35)

1.62% more ownership

Funds ownership: 75.01%76.62% (+1.6%)

8% more repeat investments, than reductions

Existing positions increased: 339 | Existing positions reduced: 315

Holders
908
Holders Change
+35
Holders Change %
+4.01%
% of All Funds
12.17%
Holding in Top 10
32
Holding in Top 10 Change
+13
Holding in Top 10 Change %
+68.42%
% of All Funds
0.43%
New
130
Increased
339
Reduced
315
Closed
83
Calls
$26.2M
Puts
$10.6M
Net Calls
+$15.6M
Net Calls Change
-$4.27M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$3.79B +$62.7M +560,980 +2%
BlackRock
2
BlackRock
New York
$2.29B -$30.9M -276,700 -1%
Principal Financial Group
3
Principal Financial Group
Iowa
$1.61B +$4.25M +38,078 +0.3%
State Street
4
State Street
Massachusetts
$1.39B +$5.52M +49,363 +0.4%
Capital World Investors
5
Capital World Investors
California
$1.03B +$455M +4,069,273 +97%
Morgan Stanley
6
Morgan Stanley
New York
$921M -$131M -1,174,686 -14%
Parnassus Investments
7
Parnassus Investments
California
$899M +$808M +7,227,805 New
Geode Capital Management
8
Geode Capital Management
Massachusetts
$784M +$24.5M +219,577 +4%
Select Equity Group
9
Select Equity Group
New York
$781M -$190M -1,704,535 -21%
Invesco
10
Invesco
Georgia
$513M +$35.4M +316,519 +8%
Allspring Global Investments
11
Allspring Global Investments
North Carolina
$460M -$24.1M -215,374 -5%
Wells Fargo
12
Wells Fargo
California
$405M +$1.86M +16,605 +0.5%
Norges Bank
13
Norges Bank
Norway
$385M +$2.52M +22,570 +0.7%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$381M +$20.3M +181,315 +6%
Barclays
15
Barclays
United Kingdom
$297M +$14.1M +126,377 +6%
Manulife (Manufacturers Life Insurance)
16
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$296M -$3.28M -29,392 -1%
Northern Trust
17
Northern Trust
Illinois
$293M +$3.71M +33,178 +1%
Bank of America
18
Bank of America
North Carolina
$288M +$34.6M +309,638 +15%
FAM
19
Fenimore Asset Management
New York
$267M -$17.2M -154,215 -7%
MAM
20
Madison Asset Management
Wisconsin
$256M +$13.4M +119,856 +6%
Goldman Sachs
21
Goldman Sachs
New York
$250M -$29.7M -266,040 -12%
First Eagle Investment Management
22
First Eagle Investment Management
New York
$239M +$828K +7,414 +0.4%
Royal London Asset Management
23
Royal London Asset Management
United Kingdom
$215M -$4.3M -38,494 -2%
ProShare Advisors
24
ProShare Advisors
Maryland
$207M -$20M -178,606 -10%
Kayne Anderson Rudnick Investment Management
25
Kayne Anderson Rudnick Investment Management
California
$202M +$1.03M +9,250 +0.6%

BRO Hedge Fund Activity: Q1 2025 in Review

908 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q1 2025, worth a combined $27.3B — up 25% from $21.9B a quarter earlier.

Buyers outnumbered sellers: 130 funds opened new BRO positions and 83 closed out — a net gain of 47 holders — while 339 added to existing stakes and 315 trimmed.

The largest buyer was Parnassus Investments, opening a new position worth an estimated $808M. The largest seller was Select Equity Group, cutting an estimated $190M.

  • 908 institutional investors held Brown & Brown (BRO) as of Q1 2025, up from 873 in Q4 2024.
  • Funds reported $27.3B of Brown & Brown stock for Q1 2025, up 25% quarter-over-quarter.
  • 130 funds opened new Brown & Brown positions in Q1 2025 and 83 closed out, a net change of +47 holders.
  • The largest Brown & Brown buyer in Q1 2025 was Parnassus Investments, an estimated $808M added.
  • The largest Brown & Brown seller in Q1 2025 was Select Equity Group, an estimated $190M sold.

Based on aggregated 13F filings for Q1 2025.