Brown & Brown, Inc.
BRO- Exchange
- NYSE
- Industry
- Insurance Agents, Brokers & Service
- SEC CIK
- 0000079282
No open-market purchases or sales by Brown & Brown, Inc. insiders were filed in the last 90 days; 809 institutions reported holding it in 13F filings for Q2 2026, worth $18.1B in total; superinvestors Giverny Capital and Markel Group hold it.
13F holders, Q4 2023
Institutional positions in Brown & Brown, Inc. as of Dec 31, 2023. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 686
- +62 vs. Q3 2023
- Shares held
- 206.1M
- +4.87M (+2.4%) vs. Q3 2023
- Total value
- $14.6B
- +$532.0M (+3.8%) vs. Q3 2023
- New holders
- 108
- 240 more added
- Sold out
- 46
- 229 more reduced
7 institutions that held it in Q3 2023 haven't filed for Q4 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2023: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting BRO on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 809 | $18.1B |
| Q1 2026 | 816 | $18.2B |
| Q4 2025 | 890 | $21.7B |
| Q3 2025 | 897 | $24.6B |
| Q2 2025 | 931 | $29.5B |
| Q1 2025 | 911 | $27.3B |
| Q4 2024 | 875 | $21.9B |
| Q3 2024 | 823 | $21.7B |
| Q2 2024 | 760 | $18.7B |
| Q1 2024 | 718 | $18.0B |
| Q4 2023 | 686 | $14.6B |
| Q3 2023 | 631 | $14.1B |
| Q2 2023 | 607 | $13.9B |
| Q1 2023 | 570 | $11.6B |
| Q4 2022 | 573 | $11.4B |
| Q3 2022 | 568 | $12.1B |
| Q2 2022 | 576 | $11.8B |
| Q1 2022 | 581 | $14.8B |
| Q4 2021 | 553 | $14.4B |
| Q3 2021 | 518 | $11.3B |
| Q2 2021 | 470 | $10.7B |
| Q1 2021 | 458 | $9.10B |
Institutions, Q4 2023
Shares, value and share of portfolio for each institution holding Brown & Brown, Inc.; share changes are against Q3 2023.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Vanguard Group Inc | 28,152,200 | $2.00B | 0.04% | +266,441+1.0% | Added |
| BlackRock Inc. | 16,347,877 | $1.16B | 0.03% | +256,900+1.6% | Added |
| Select Equity Group, L.P. | 14,310,480 | $1.02B | 3.75% | −443,276−3.0% | Reduced |
| Principal Financial Group Inc | 12,325,905 | $876.5M | 0.56% | +294,143+2.4% | Added |
| State Street Corp | 10,746,196 | $764.2M | 0.04% | +40,632+0.4% | Added |
| Morgan Stanley | 8,999,864 | $640.0M | 0.06% | −335,736−3.6% | Reduced |
| Geode Capital Management, LLC | 5,551,581 | $393.8M | 0.04% | +168,109+3.1% | Added |
| Allspring Global Investments Holdings, LLC | 5,236,392 | $372.4M | 0.62% | +29,514+0.6% | Added |
| First Eagle Investment Management, LLC | 4,108,276 | $292.1M | 0.70% | −37,942−0.9% | Reduced |
| Goldman Sachs Group Inc | 3,598,618 | $255.9M | 0.06% | +524,812+17.1% | Added |
| Wells Fargo & Company | 3,287,924 | $233.8M | 0.07% | −155,012−4.5% | Reduced |
| Norges Bank | 3,060,931 | $217.7M | 0.04% | +370,424+13.8% | Added |
| APG Asset Management N.V. | 3,014,541 | $194.1M | 0.38% | +215,086+7.7% | Added |
| Clarkston Capital Partners, LLC | 2,615,425 | $186.0M | 3.45% | −638,604−19.6% | Reduced |
| Fenimore Asset Management Inc | 2,418,212 | $172.0M | 3.99% | −12,083−0.5% | Reduced |
| ProShare Advisors LLC | 2,323,025 | $165.2M | 0.50% | −288,118−11.0% | Reduced |
| Storebrand Asset Management AS | 2,223,590 | $158.1M | 0.57% | +2,070,625+1,353.7% | Added |
| Northern Trust Corp | 2,216,417 | $157.6M | 0.03% | −69,094−3.0% | Reduced |
| Invesco Ltd. | 2,044,473 | $145.4M | 0.03% | +106,978+5.5% | Added |
| Manufacturers Life Insurance Company, The | 2,000,227 | $142.2M | 0.08% | +865,082+76.2% | Added |
| Royal Bank of Canada | 1,963,826 | $139.6M | 0.03% | +248,181+14.5% | Added |
| Bank of America Corp | 1,706,971 | $121.4M | 0.01% | +75,782+4.6% | Added |
| Bank of New York Mellon Corp | 1,582,545 | $112.5M | 0.02% | −149,914−8.7% | Reduced |
| California Public Employees Retirement System | 1,500,437 | $106.7M | 0.08% | −15,848−1.0% | Reduced |
| Dimensional Fund Advisors LP | 1,494,799 | $106.3M | 0.03% | +19,311+1.3% | Added |
| CIBC Private Wealth Group, LLC | 1,396,213 | $99.3M | 0.21% | −12,917−0.9% | Reduced |
| Madison Asset Management, LLC | 1,361,608 | $96.8M | 1.31% | +34,428+2.6% | Added |
| Liontrust Investment Partners LLP | 1,340,165 | $95.3M | 1.38% | −85,597−6.0% | Reduced |
| Close Asset Management Ltd | 1,333,157 | $94.8M | 3.97% | +4,589+0.3% | Added |
| Barclays PLC | 1,260,979 | $89.7M | 0.05% | +305,395+32.0% | Added |
| Charles Schwab Investment Management Inc | 1,247,971 | $88.7M | 0.02% | +26,075+2.1% | Added |
| Congress Asset Management Co | 1,159,403 | $82.4M | 0.65% | +1,159,403 | New |
| Legal & General Group Plc | 1,120,932 | $79.7M | 0.02% | −142,462−11.3% | Reduced |
| Kayne Anderson Rudnick Investment Management LLC | 1,084,988 | $77.2M | 0.19% | +91,326+9.2% | Added |
| Millennium Management LLC | 1,017,253 | $72.3M | 0.07% | −134,056−11.6% | Reduced |
| UBS Asset Management Americas Inc | 973,804 | $69.2M | 0.03% | +50,730+5.5% | Added |
| Royal London Asset Management Ltd | 957,398 | $68.1M | 0.19% | −51,352−5.1% | Reduced |
| Capital World Investors | 939,242 | $66.8M | 0.01% | 00.0% | Unchanged |
| Man Group plc | 905,710 | $64.4M | 0.19% | – | – |
| Nuveen Asset Management, LLC | 901,237 | $64.1M | 0.02% | −14,743−1.6% | Reduced |
| JPMorgan Chase & Co | 863,367 | $61.4M | 0.01% | +189,699+28.2% | Added |
| FMR LLC | 835,805 | $59.4M | 0.00% | −185,863−18.2% | Reduced |
| Swiss National Bank | 753,800 | $53.6M | 0.04% | −20,900−2.7% | Reduced |
| Robeco Institutional Asset Management B.V. | 725,016 | $51.6M | 0.12% | +327,253+82.3% | Added |
| Tandem Investment Advisors, Inc. | 717,214 | $51.0M | 2.04% | +17,113+2.4% | Added |
| Deutsche Bank AG | 698,679 | $49.7M | 0.03% | +225,076+47.5% | Added |
| Sumitomo Mitsui Trust Holdings, Inc. | 657,284 | $46.7M | 0.03% | +18,557+2.9% | Added |
| Allianz Asset Management GmbH | 648,550 | $46.1M | 0.09% | +500,847+339.1% | Added |
| Boston Financial Mangement LLC | 631,055 | $44.9M | 1.52% | −8,218−1.3% | Reduced |
| Victory Capital Management Inc | 608,030 | $43.2M | 0.05% | −422,254−41.0% | Reduced |
| Confluence Investment Management LLC | 591,834 | $42.1M | 0.59% | −10,326−1.7% | Reduced |
| Prudential Financial Inc | 584,628 | $41.7M | 0.06% | +377,052+181.6% | Added |
| Citadel Advisors LLC | 577,814 | $41.1M | 0.04% | +495,575+602.6% | Added |
| TimesSquare Capital Management, LLC | 539,517 | $38.4M | 0.56% | −20,340−3.6% | Reduced |
| Rhumbline Advisers | 532,081 | $37.8M | 0.04% | +3,808+0.7% | Added |
| Price T Rowe Associates Inc | 521,050 | $37.1M | 0.00% | +137,052+35.7% | Added |
| Schwartz Investment Counsel Inc | 519,150 | $36.9M | 1.44% | 00.0% | Unchanged |
| Envestnet Asset Management Inc | 493,655 | $35.1M | 0.01% | +97,514+24.6% | Added |
| Raymond James & Associates | 491,161 | $34.9M | 0.03% | −71,753−12.7% | Reduced |
| Snyder Capital Management L P | 465,995 | $33.1M | 0.75% | −23,693−4.8% | Reduced |
| UBS Group AG | 460,797 | $32.8M | 0.01% | +79,237+20.8% | Added |
| Dundas Partners LLP | 444,923 | $31.6M | 2.76% | +6,943+1.6% | Added |
| Nomura Asset Management Co Ltd | 420,599 | $29.9M | 0.12% | −10,442−2.4% | Reduced |
| Caisse de Depot Et Placement du Quebec | 395,355 | $28.1M | 0.07% | −148,703−27.3% | Reduced |
| Los Angeles Capital Management LLC | 391,007 | $27.8M | 0.10% | +391,007 | New |
| Renaissance Technologies LLC | 389,200 | $27.7M | 0.04% | +335,600+626.1% | Added |
| Motley Fool Wealth Management, LLC | 386,885 | $27.5M | 1.44% | −11,768−3.0% | Reduced |
| Osterweis Capital Management Inc | 386,779 | $27.5M | 1.75% | +4,668+1.2% | Added |
| CBOE Vest Financial, LLC | 385,065 | $27.4M | 1.02% | +63,938+19.9% | Added |
| HSBC Holdings PLC | 385,413 | $27.4M | 0.03% | +62,020+19.2% | Added |
| California State Teachers Retirement System | 384,699 | $27.4M | 0.04% | +11,100+3.0% | Added |
| Verition Fund Management LLC | 382,456 | $27.2M | 0.28% | −273,217−41.7% | Reduced |
| Amundi | 374,812 | $26.9M | 0.01% | +124,909+50.0% | Added |
| Citigroup Inc | 374,714 | $26.6M | 0.04% | +32,320+9.4% | Added |
| National Pension Service | 363,507 | $25.8M | 0.04% | 00.0% | Unchanged |
| Pinebridge Investments, L.P. | 360,473 | $25.6M | 0.24% | +360,473 | New |
| Credit Suisse AG | 360,167 | $25.6M | 0.02% | −483,744−57.3% | Reduced |
| Russell Investments Group, Ltd. | 358,929 | $25.5M | 0.05% | +127,903+55.4% | Added |
| Cookson Peirce & Co Inc | 358,122 | $25.5M | 1.54% | −6,488−1.8% | Reduced |
| Qube Research & Technologies Ltd | 356,094 | $25.3M | 0.06% | +264,412+288.4% | Added |
| New York State Common Retirement Fund | 349,597 | $24.9M | 0.03% | −21,115−5.7% | Reduced |
| Stifel Financial Corp | 348,460 | $24.8M | 0.03% | −4,225−1.2% | Reduced |
| Acadian Asset Management LLC | 345,292 | $24.5M | 0.10% | +341,396+8,762.7% | Added |
| Point72 Asset Management, L.P. | 343,429 | $24.4M | 0.07% | −55,371−13.9% | Reduced |
| Bank of Montreal | 341,445 | $24.3M | 0.01% | +47,919+16.3% | Added |
| Cresset Asset Management, LLC | 331,047 | $23.5M | 0.14% | +5,062+1.6% | Added |
| Philo Smith Capital Corp | 325,450 | $23.1M | 7.44% | 00.0% | Unchanged |
| 1832 Asset Management L.P. | 322,209 | $22.9M | 0.04% | +1,757+0.5% | Added |
| Ferguson Wellman Capital Management, Inc | 316,788 | $22.5M | 0.50% | +13,941+4.6% | Added |
| FIL Ltd | 315,142 | $22.4M | 0.02% | −108,647−25.6% | Reduced |
| Prana Capital Management, LP | 308,054 | $21.9M | 1.29% | −129,487−29.6% | Reduced |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 308,664 | $21.4M | 0.04% | −14,319−4.4% | Reduced |
| Ameriprise Financial Inc | 293,767 | $20.9M | 0.01% | −301,630−50.7% | Reduced |
| Prospector Partners LLC | 290,777 | $20.7M | 2.61% | +940+0.3% | Added |
| Alliancebernstein L.P. | 283,144 | $20.1M | 0.01% | +777+0.3% | Added |
| Brown Brothers Harriman & Co | 282,727 | $20.1M | 0.17% | +74,448+35.7% | Added |
| Teacher Retirement System of Texas | 280,400 | $19.9M | 0.14% | +125,990+81.6% | Added |
| State Board of Administration of Florida Retirement System | 260,577 | $18.5M | 0.04% | +480.0% | Added |
| Summit Wealth Partners, LLC | 256,850 | $18.3M | 4.24% | 00.0% | Unchanged |
| Aware Super Pty Ltd as trustee of Aware Super | 228,374 | $18.2M | 0.25% | +228,374 | New |