Brown & Brown
887 hedge funds and large institutions have $21.7B invested in Brown & Brown in 2025 Q4 according to their latest regulatory filings, with 129 funds opening new positions, 295 increasing their positions, 355 reducing their positions, and 124 closing their positions.
18% more call options, than puts
Call options by funds: $15.5M | Put options by funds: $13.2M
4% more first-time investments, than exits
New positions opened: 129 | Existing positions closed: 124
0.38% more ownership
Funds ownership: 79.45% → 79.83% (+0.38%)
1% less funds holding
Funds holding: 896 → 887 (-9)
12% less capital invested
Capital invested by funds: $24.6B → $21.7B (-$2.84B)
17% less repeat investments, than reductions
Existing positions increased: 295 | Existing positions reduced: 355
33% less funds holding in top 10
Funds holding in top 10: 18 → 12 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$389M |
| 2 |
Select Equity Group
New York
|
+$280M |
| 3 |
VLKIM
Van Lanschot Kempen Investment Management
Amsterdam,
Netherlands
|
+$216M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$114M |
| 5 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$91.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
-$131M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$124M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$118M |
| 4 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$104M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$89.2M |
BRO Hedge Fund Activity: Q4 2025 in Review
887 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q4 2025, worth a combined $21.7B — down 12% from $24.6B a quarter earlier.
Buyers outnumbered sellers: 129 funds opened new BRO positions and 124 closed out — a net gain of 5 holders — while 295 added to existing stakes and 355 trimmed.
The largest buyer was Capital International Investors, opening a new position worth an estimated $389M. The largest seller was Boston Partners, cutting an estimated $131M.
- 887 institutional investors held Brown & Brown (BRO) as of Q4 2025, down from 896 in Q3 2025.
- Funds reported $21.7B of Brown & Brown stock for Q4 2025, down 12% quarter-over-quarter.
- 129 funds opened new Brown & Brown positions in Q4 2025 and 124 closed out, a net change of +5 holders.
- The largest Brown & Brown buyer in Q4 2025 was Capital International Investors, an estimated $389M added.
- The largest Brown & Brown seller in Q4 2025 was Boston Partners, an estimated $131M sold.
Based on aggregated 13F filings for Q4 2025.