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Brown & Brown

800 hedge funds and large institutions have $18B invested in Brown & Brown in 2026 Q2 according to their latest regulatory filings, with 124 funds opening new positions, 316 increasing their positions, 270 reducing their positions, and 122 closing their positions.

New
Increased
Maintained
Reduced
Closed

299% more call options, than puts

Call options by funds: $42.7M | Put options by funds: $10.7M

17% more repeat investments, than reductions

Existing positions increased: 316 | Existing positions reduced: 270

1.1% more ownership

Funds ownership: 81.84%82.94% (+1.1%)

2% more first-time investments, than exits

New positions opened: 124 | Existing positions closed: 122

0% more funds holding in top 10

Funds holding in top 10: 88 (0)

1% less capital invested

Capital invested by funds: $18.2B → $18B (-$134M)

2% less funds holding

Funds holding: 814800 (-14)

Holders
800
Holders Change
-14
Holders Change %
-1.72%
% of All Funds
9.66%
Holding in Top 10
8
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.1%
New
124
Increased
316
Reduced
270
Closed
122
Calls
$42.7M
Puts
$10.7M
Net Calls
+$32M
Net Calls Change
+$10.5M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$1.42B +$12M +196,597 +0.9%
Vanguard Capital Management
2
Vanguard Capital Management
Pennsylvania
$1.22B +$1.22M +19,972 +0.1%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$1.18B +$144M +2,355,053 +15%
Principal Financial Group
4
Principal Financial Group
Iowa
$1.01B +$6.9M +113,110 +0.7%
Vanguard Portfolio Management
5
Vanguard Portfolio Management
Pennsylvania
$939M +$2.74M +44,968 +0.3%
State Street
6
State Street
Massachusetts
$931M +$45M +737,657 +5%
Capital World Investors
7
Capital World Investors
California
$928M -$124M -2,028,007 -12%
First Eagle Investment Management
8
First Eagle Investment Management
New York
$752M +$177M +2,904,352 +33%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$526M +$5.65M +92,584 +1%
VLKIM
10
Van Lanschot Kempen Investment Management
Netherlands
$430M +$51.1M +837,827 +14%
OAG
11
Orbis Allan Gray
Bermuda
$345M +$328M +5,371,080 New
Select Equity Group
12
Select Equity Group
New York
$314M -$191M -3,129,623 -39%
Norges Bank
13
Norges Bank
Norway
$282M +$268M +4,396,401 New
Deutsche Bank
14
Deutsche Bank
Germany
$267M -$2.49M -40,835 -1%
Invesco
15
Invesco
Georgia
$263M +$37.6M +616,968 +18%
Capital Research Global Investors
16
Capital Research Global Investors
California
$251M +$1.3M +21,360 +0.5%
Morgan Stanley
17
Morgan Stanley
New York
$248M +$38.1M +624,752 +19%
Goldman Sachs
18
Goldman Sachs
New York
$233M +$82.7M +1,356,430 +59%
Bank of America
19
Bank of America
North Carolina
$228M -$4.16M -68,208 -2%
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$223M -$5.97M -97,924 -3%
JP Morgan Chase
21
JP Morgan Chase
New York
$198M -$2.43M -39,784 -1%
Wells Fargo
22
Wells Fargo
California
$169M -$21.8M -356,673 -12%
Northern Trust
23
Northern Trust
Illinois
$158M +$1.28M +20,960 +0.9%
ProShare Advisors
24
ProShare Advisors
Maryland
$154M +$13.3M +218,614 +10%
FAM
25
Fenimore Asset Management
New York
$144M +$1.26M +20,707 +0.9%

BRO Hedge Fund Activity: Q2 2026 in Review

800 of the 8,279 institutional investors tracked by Wall St. Rank reported a position in Brown & Brown (BRO) for Q2 2026, worth a combined $18B — down 0.74% from $18.2B a quarter earlier.

Buyers outnumbered sellers: 124 funds opened new BRO positions and 122 closed out — a net gain of 2 holders — while 316 added to existing stakes and 270 trimmed.

The largest buyer was Orbis Allan Gray, opening a new position worth an estimated $328M. The largest seller was Select Equity Group, cutting an estimated $191M.

  • 800 institutional investors held Brown & Brown (BRO) as of Q2 2026, down from 814 in Q1 2026.
  • Funds reported $18B of Brown & Brown stock for Q2 2026, down 0.74% quarter-over-quarter.
  • 124 funds opened new Brown & Brown positions in Q2 2026 and 122 closed out, a net change of +2 holders.
  • The largest Brown & Brown buyer in Q2 2026 was Orbis Allan Gray, an estimated $328M added.
  • The largest Brown & Brown seller in Q2 2026 was Select Equity Group, an estimated $191M sold.

Based on aggregated 13F filings for Q2 2026.