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Brown & Brown

814 hedge funds and large institutions have $18.2B invested in Brown & Brown in 2026 Q1 according to their latest regulatory filings, with 100 funds opening new positions, 308 increasing their positions, 304 reducing their positions, and 161 closing their positions.

New
Increased
Maintained
Reduced
Closed

182% more call options, than puts

Call options by funds: $33.2M | Put options by funds: $11.8M

1.93% more ownership

Funds ownership: 79.92%81.84% (+1.9%)

1% more repeat investments, than reductions

Existing positions increased: 308 | Existing positions reduced: 304

8% less funds holding

Funds holding: 887814 (-73)

16% less capital invested

Capital invested by funds: $21.7B → $18.2B (-$3.57B)

33% less funds holding in top 10

Funds holding in top 10: 128 (-4)

38% less first-time investments, than exits

New positions opened: 100 | Existing positions closed: 161

Holders
814
Holders Change
-73
Holders Change %
-8.23%
% of All Funds
9.96%
Holding in Top 10
8
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-33.33%
% of All Funds
0.1%
New
100
Increased
308
Reduced
304
Closed
161
Calls
$33.2M
Puts
$11.8M
Net Calls
+$21.4M
Net Calls Change
+$19.1M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$1.43B +$10.5M +145,802 +0.7%
Vanguard Capital Management
2
Vanguard Capital Management
Pennsylvania
$1.23B +$1.36B +18,921,240 New
Capital World Investors
3
Capital World Investors
California
$1.08B -$100M -1,392,473 -8%
Fidelity Investments
4
Fidelity Investments
Massachusetts
$1.05B +$397M +5,514,133 +52%
Principal Financial Group
5
Principal Financial Group
Iowa
$1.02B +$17.7M +246,172 +2%
Vanguard Portfolio Management
6
Vanguard Portfolio Management
Pennsylvania
$951M +$1.05B +14,586,476 New
State Street
7
State Street
Massachusetts
$898M +$26.9M +372,648 +3%
First Eagle Investment Management
8
First Eagle Investment Management
New York
$575M +$636M +8,823,162 New
Geode Capital Management
9
Geode Capital Management
Massachusetts
$529M +$13.3M +185,196 +2%
Select Equity Group
10
Select Equity Group
New York
$523M -$102M -1,412,679 -15%
VLKIM
11
Van Lanschot Kempen Investment Management
Netherlands
$383M +$96.1M +1,332,631 +29%
Deutsche Bank
12
Deutsche Bank
Germany
$274M +$19.6M +272,573 +7%
Capital Research Global Investors
13
Capital Research Global Investors
California
$254M +$281M +3,891,662 New
Barclays
14
Barclays
United Kingdom
$240M +$20.3M +281,779 +8%
Bank of America
15
Bank of America
North Carolina
$236M +$81.3M +1,128,417 +45%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$233M +$12.5M +173,320 +5%
Invesco
17
Invesco
Georgia
$227M +$44.9M +622,888 +22%
Morgan Stanley
18
Morgan Stanley
New York
$212M -$99.1M -1,375,150 -30%
JP Morgan Chase
19
JP Morgan Chase
New York
$205M +$51.5M +714,054 +29%
Wells Fargo
20
Wells Fargo
California
$196M -$764K -10,599 -0.4%
Capital International Investors
21
Capital International Investors
California
$170M -$148M -2,052,665 -44%
Allspring Global Investments
22
Allspring Global Investments
North Carolina
$164M -$18.6M -257,441 -9%
Northern Trust
23
Northern Trust
Illinois
$160M -$534K -7,410 -0.3%
MAM
24
Madison Asset Management
Wisconsin
$150M +$23.1M +320,512 +16%
Goldman Sachs
25
Goldman Sachs
New York
$149M +$6.91M +95,869 +4%

BRO Hedge Fund Activity: Q1 2026 in Review

814 of the 8,172 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q1 2026, worth a combined $18.2B — down 16% from $21.7B a quarter earlier.

Sellers outnumbered buyers: 161 funds closed out of BRO and 100 opened new positions — a net loss of 61 holders — while 304 trimmed existing stakes and 308 added.

The largest buyer was First Eagle Investment Management, opening a new position worth an estimated $636M. The largest seller was Parnassus Investments, cutting an estimated $443M.

  • 814 institutional investors held Brown & Brown (BRO) as of Q1 2026, down from 887 in Q4 2025.
  • Funds reported $18.2B of Brown & Brown stock for Q1 2026, down 16% quarter-over-quarter.
  • 100 funds opened new Brown & Brown positions in Q1 2026 and 161 closed out, a net change of -61 holders.
  • The largest Brown & Brown buyer in Q1 2026 was First Eagle Investment Management, an estimated $636M added.
  • The largest Brown & Brown seller in Q1 2026 was Parnassus Investments, an estimated $443M sold.

Based on aggregated 13F filings for Q1 2026.