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 |
|---|---|---|---|---|---|
| American International Group, Inc. | 64,959 | $4.62M | 0.02% | +831+1.3% | Added |
| Mizuho Markets Americas LLC | 64,893 | $4.61M | 0.14% | +19,581+43.2% | Added |
| State of Michigan Retirement System | 64,651 | $4.60M | 0.03% | +100+0.2% | Added |
| National Bank of Canada | 64,956 | $4.60M | 0.01% | −142,750−68.7% | Reduced |
| MetLife Investment Management | 61,162 | $4.35M | 0.03% | −942−1.5% | Reduced |
| Investment Management Corp of Ontario | 59,266 | $4.21M | 0.10% | +5,580+10.4% | Added |
| Park National Corp | 59,200 | $4.21M | 0.17% | −5,200−8.1% | Reduced |
| Magnetar Financial LLC | 58,170 | $4.14M | 0.11% | +58,170 | New |
| Leavell Investment Management, Inc. | 57,200 | $4.07M | 0.26% | 00.0% | Unchanged |
| Guggenheim Capital LLC | 56,444 | $4.01M | 0.03% | +23,192+69.7% | Added |
| Mariner, LLC | 55,523 | $3.95M | 0.01% | +5,941+12.0% | Added |
| CIBC World Markets Corp | 54,917 | $3.91M | 0.02% | +17,110+45.3% | Added |
| Adage Capital Partners GP, L.L.C. | 54,500 | $3.88M | 0.01% | +54,500 | New |
| IFM Investors Pty Ltd | 54,226 | $3.86M | 0.05% | 00.0% | Unchanged |
| Retirement Systems of Alabama | 52,059 | $3.70M | 0.02% | −1,167−2.2% | Reduced |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 51,728 | $3.68M | 0.03% | +4,397+9.3% | Added |
| Great Lakes Advisors, LLC | 50,015 | $3.56M | 0.03% | −51−0.1% | Reduced |
| TownSquare Capital, LLC | 49,246 | $3.50M | 0.06% | +19,550+65.8% | Added |
| Texas Permanent School Fund | 48,771 | $3.47M | 0.03% | +132+0.3% | Added |
| Engineers Gate Manager LP | 48,531 | $3.45M | 0.10% | +48,531 | New |
| Handelsbanken Fonder AB | 47,634 | $3.39M | 0.02% | −300−0.6% | Reduced |
| Carmignac Gestion | 47,011 | $3.34M | 0.06% | +2,681+6.0% | Added |
| Brendel Financial Advisors LLC | 46,557 | $3.31M | 2.17% | +46,557 | New |
| Independent Advisor Alliance | 46,496 | $3.31M | 0.12% | −5,065−9.8% | Reduced |
| Tower Research Capital LLC (TRC) | 45,858 | $3.26M | 0.04% | +30,764+203.8% | Added |
| Skandinaviska Enskilda Banken AB (publ) | 45,311 | $3.22M | 0.02% | −500−1.1% | Reduced |
| Agf Management Ltd | 44,943 | $3.20M | 0.02% | +37,426+497.9% | Added |
| Coronation Fund Managers Ltd. | 44,528 | $3.17M | 0.09% | +30,994+229.0% | Added |
| HighTower Advisors, LLC | 44,222 | $3.13M | 0.01% | +2,263+5.4% | Added |
| Mutual of America Capital Management LLC | 43,869 | $3.12M | 0.04% | −2,695−5.8% | Reduced |
| Henshaw Capital LLC | 42,869 | $3.05M | 0.16% | 00.0% | Unchanged |
| KBC Group NV | 42,720 | $3.04M | 0.01% | −2,809−6.2% | Reduced |
| Catalyst Capital Advisors LLC | 42,500 | $3.02M | 0.08% | −3,475−7.6% | Reduced |
| Quantinno Capital Management LP | 42,252 | $3.00M | 0.11% | +903+2.2% | Added |
| Wall Street Access Asset Management, LLC | 42,048 | $2.99M | 1.40% | 00.0% | Unchanged |
| Czech National Bank | 41,371 | $2.94M | 0.04% | +229+0.6% | Added |
| Ironwood Investment Counsel, LLC | 41,043 | $2.92M | 0.55% | −1,360−3.2% | Reduced |
| Utah Retirement Systems | 40,936 | $2.91M | 0.04% | +200+0.5% | Added |
| Banco Bilbao Vizcaya Argentaria, S.A. | 40,905 | $2.91M | 0.03% | +34,173+507.6% | Added |
| Legacy Financial Strategies, LLC | 40,668 | $2.89M | 0.82% | −88−0.2% | Reduced |
| US Bancorp | 40,441 | $2.88M | 0.00% | +11,810+41.2% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 40,328 | $2.87M | 0.01% | 00.0% | Unchanged |
| Jump Financial, LLC | 40,317 | $2.87M | 0.09% | −94,358−70.1% | Reduced |
| Forsta Ap-Fonden | 39,500 | $2.81M | 0.03% | −200−0.5% | Reduced |
| Xponance, Inc. | 38,644 | $2.75M | 0.03% | −2,174−5.3% | Reduced |
| Bridgewater Associates, LP | 38,500 | $2.74M | 0.02% | +38,500 | New |
| DnB Asset Management AS | 38,440 | $2.73M | 0.01% | −851−2.2% | Reduced |
| HWG Holdings LP | 38,377 | $2.73M | 1.26% | +974+2.6% | Added |
| Triad Investment Management | 38,312 | $2.72M | 3.58% | +5,134+15.5% | Added |
| Tredje AP-fonden | 38,168 | $2.71M | 0.03% | −17,821−31.8% | Reduced |
| Advisory Services Network, LLC | 37,399 | $2.66M | 0.06% | −323−0.9% | Reduced |
| Vaughan Nelson Investment Management, L.P. | 37,280 | $2.65M | 0.03% | −21,585−36.7% | Reduced |
| Canada Pension Plan Investment Board | 37,020 | $2.63M | 0.00% | 00.0% | Unchanged |
| Public Sector Pension Investment Board | 36,781 | $2.62M | 0.02% | −18,314−33.2% | Reduced |
| Mirae Asset Global Investments Co., Ltd. | 36,778 | $2.62M | 0.01% | −17,140−31.8% | Reduced |
| Raymond James Financial Services Advisors, Inc. | 36,208 | $2.57M | 0.00% | −914−2.5% | Reduced |
| Access Investment Management LLC | 36,103 | $2.57M | 0.96% | +36,103 | New |
| Silphium Asset Management Ltd | 35,800 | $2.55M | 1.36% | +15,800+79.0% | Added |
| Integrity Financial Corp | 35,772 | $2.54M | 1.84% | −1,162−3.1% | Reduced |
| Covey Capital Advisors, LLC | 34,873 | $2.48M | 3.15% | 00.0% | Unchanged |
| New York Life Investment Management LLC | 33,637 | $2.39M | 0.02% | −140−0.4% | Reduced |
| Klingman & Associates, LLC | 33,535 | $2.38M | 0.18% | 00.0% | Unchanged |
| Terry L. Blaker | 32,738 | $2.33M | 0.19% | −380−1.1% | Reduced |
| CIBC Asset Management Inc | 32,678 | $2.32M | 0.01% | −1,304−3.8% | Reduced |
| Bessemer Group Inc | 32,508 | $2.31M | 0.00% | −1,729−5.1% | Reduced |
| First Hawaiian Bank | 32,002 | $2.28M | 0.07% | +13,352+71.6% | Added |
| First National Advisers, LLC | 31,843 | $2.26M | 0.65% | +7,834+32.6% | Added |
| Versor Investments LP | 31,834 | $2.26M | 0.46% | +28,334+809.5% | Added |
| Coldstream Capital Management Inc | 31,464 | $2.24M | 0.06% | −250−0.8% | Reduced |
| Centiva Capital, LP | 31,433 | $2.24M | 0.14% | −2,627−7.7% | Reduced |
| Kesler, Norman & Wride, LLC | 31,296 | $2.23M | 0.51% | −574−1.8% | Reduced |
| Janus Henderson Group PLC | 31,022 | $2.21M | 0.00% | −183−0.6% | Reduced |
| Crawford Investment Counsel Inc | 30,585 | $2.17M | 0.04% | −213−0.7% | Reduced |
| Quantbot Technologies LP | 29,623 | $2.11M | 0.12% | −58,065−66.2% | Reduced |
| Teza Capital Management LLC | 29,504 | $2.10M | 0.35% | +29,504 | New |
| Steward Partners Investment Advisory, LLC | 29,311 | $2.08M | 0.03% | +2,406+8.9% | Added |
| WCG Wealth Advisors LLC | 29,181 | $2.08M | 0.15% | −460−1.6% | Reduced |
| Integrated Advisors Network LLC | 28,979 | $2.06M | 0.12% | +635+2.2% | Added |
| Insight Wealth Strategies, LLC | 27,474 | $1.95M | 0.32% | +27,474 | New |
| STRS Ohio | 27,222 | $1.94M | 0.01% | +27,222 | New |
| Nissay Asset Management Corp | 27,173 | $1.93M | 0.02% | +1,197+4.6% | Added |
| Public Employees Retirement Association of Colorado | 26,916 | $1.91M | 0.01% | −460−1.7% | Reduced |
| Oppenheimer Asset Management Inc. | 26,474 | $1.88M | 0.03% | +14,363+118.6% | Added |
| Stephens Inc | 26,351 | $1.87M | 0.03% | +882+3.5% | Added |
| BOK Financial Private Wealth, Inc. | 26,217 | $1.86M | 0.15% | −2,348−8.2% | Reduced |
| RSM US Wealth Management LLC | 25,877 | $1.84M | 0.05% | +25,877 | New |
| State of Alaska, Department of Revenue | 25,508 | $1.81M | 0.02% | −2,470−8.8% | Reduced |
| Mackenzie Financial Corp | 25,406 | $1.81M | 0.00% | +5,866+30.0% | Added |
| SG Americas Securities, LLC | 24,866 | $1.77M | 0.02% | +11,559+86.9% | Added |
| Prudential PLC | 24,751 | $1.76M | 0.02% | −15−0.1% | Reduced |
| Lazard Asset Management LLC | 24,531 | $1.74M | 0.00% | −59,221−70.7% | Reduced |
| D.A. Davidson & Co. | 24,250 | $1.72M | 0.02% | +368+1.5% | Added |
| Harbor Advisors LLC | 24,000 | $1.71M | 0.33% | 00.0% | Unchanged |
| Franklin Resources Inc | 23,624 | $1.68M | 0.00% | −15,712−39.9% | Reduced |
| Cerity Partners LLC | 23,328 | $1.66M | 0.01% | +14,210+155.8% | Added |
| Achmea Investment Management B.V. | 23,270 | $1.66M | 0.03% | +23,270 | New |
| Grantham, Mayo, Van Otterloo & Co. LLC | 23,219 | $1.65M | 0.01% | +23,219 | New |
| Aquatic Capital Management LLC | 23,200 | $1.65M | 0.04% | −24,600−51.5% | Reduced |
| Pathstone Holdings, LLC | 23,201 | $1.65M | 0.01% | +23,201 | New |
| Daiwa Securities Group Inc. | 22,503 | $1.60M | 0.01% | +2,577+12.9% | Added |