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Livermore
Livermore
ZHEN

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, Q3 2025

Institutional positions in Brown & Brown, Inc. as of Sep 30, 2025. 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
897
−19 vs. Q2 2025
Shares held
262.1M
−176.7K (−0.1%) vs. Q2 2025
Total value
$24.6B
−$4.50B (−15.5%) vs. Q2 2025
New holders
101
400 more added
Sold out
120
292 more reduced

15 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2025: 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.

Institutional holdersQ3 2025: 897 institutions
Q1 2021: 458 institutionsQ2 2021: 470 institutionsQ3 2021: 518 institutionsQ4 2021: 553 institutionsQ1 2022: 581 institutionsQ2 2022: 576 institutionsQ3 2022: 568 institutionsQ4 2022: 573 institutionsQ1 2023: 570 institutionsQ2 2023: 607 institutionsQ3 2023: 631 institutionsQ4 2023: 686 institutionsQ1 2024: 718 institutionsQ2 2024: 760 institutionsQ3 2024: 823 institutionsQ4 2024: 875 institutionsQ1 2025: 911 institutionsQ2 2025: 931 institutionsQ3 2025: 897 institutionsQ4 2025: 890 institutionsQ1 2026: 816 institutionsQ2 2026: 809 institutions
Value heldQ3 2025: $24.6B
Q1 2021: $9.10BQ2 2021: $10.7BQ3 2021: $11.3BQ4 2021: $14.4BQ1 2022: $14.8BQ2 2022: $11.8BQ3 2022: $12.1BQ4 2022: $11.4BQ1 2023: $11.6BQ2 2023: $13.9BQ3 2023: $14.1BQ4 2023: $14.6BQ1 2024: $18.0BQ2 2024: $18.7BQ3 2024: $21.7BQ4 2024: $21.9BQ1 2025: $27.3BQ2 2025: $29.5BQ3 2025: $24.6BQ4 2025: $21.7BQ1 2026: $18.2BQ2 2026: $18.1B
Institutions holding BRO and their total value by quarter
QuarterHoldersValue
Q2 2026809$18.1B
Q1 2026816$18.2B
Q4 2025890$21.7B
Q3 2025897$24.6B
Q2 2025931$29.5B
Q1 2025911$27.3B
Q4 2024875$21.9B
Q3 2024823$21.7B
Q2 2024760$18.7B
Q1 2024718$18.0B
Q4 2023686$14.6B
Q3 2023631$14.1B
Q2 2023607$13.9B
Q1 2023570$11.6B
Q4 2022573$11.4B
Q3 2022568$12.1B
Q2 2022576$11.8B
Q1 2022581$14.8B
Q4 2021553$14.4B
Q3 2021518$11.3B
Q2 2021470$10.7B
Q1 2021458$9.10B

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding Brown & Brown, Inc.; share changes are against Q2 2025.

Institutions holding BRO in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Y.D. More Investments Ltd222$630.00%+6+2.8%Added
Rakuten Securities, Inc.1$940.00%00.0%Unchanged
Davis Capital Management3$2810.00%+3New
Cape Investment Advisory, Inc.3$2810.00%+3New
DecisionPoint Financial, LLC4$3720.00%00.0%Unchanged
American Capital Advisory, LLC5$4690.00%−2−28.6%Reduced
North Star Investment Management Corp.5$4690.00%+5New
NVWM, LLC5$4690.00%+5New
Seneschal Advisors, LLC5$4690.00%+5New
North Capital, Inc.5$4690.00%+5New
Turning Point Benefit Group, Inc.6$5560.00%+6New
Bare Financial Services, Inc6$5630.00%−2−25.0%Reduced
United Community Bank6$5630.00%+6New
Retirement Wealth Solutions LLC6$5630.00%+6New
HFM Investment Advisors, LLC7$6570.00%−2−22.2%Reduced
WestEnd Advisors, LLC7$6570.00%+1+16.7%Added
Rialto Wealth Management, LLC7$6570.00%+2+40.0%Added
Quaker Wealth Management, LLC9$8450.00%+4+80.0%Added
Avalon Trust Co9$8450.00%+9New
Bay Harbor Wealth Management, LLC10$9370.00%−3−23.1%Reduced
Wolff Wiese Magana LLC10$9380.00%00.0%Unchanged
Bogart Wealth, LLC10$9380.00%+10New
Vermillion Wealth Management, Inc.12$1.13K0.00%+12New
Financial Management Professionals, Inc.14$1.31K0.00%00.0%Unchanged
DT Investment Partners, LLC15$1.41K0.00%00.0%Unchanged
Financial Consulate, Inc15$1.41K0.00%+15New
Crowley Wealth Management, Inc.17$1.59K0.00%00.0%Unchanged
SJS Investment Consulting Inc.17$1.59K0.00%00.0%Unchanged
Dunhill Financial, LLC17$1.62K0.00%00.0%Unchanged
Aspect Partners, LLC18$1.69K0.00%+18New
Kilter Group LLC18$1.69K0.00%+5+38.5%Added
Principia Wealth Advisory, LLC20$1.88K0.00%−30−60.0%Reduced
Halbert Hargrove Global Advisors, LLC21$1.97K0.00%+21New
Cloud Capital Management, LLC24$2.00K0.00%+24New
Marquette Asset Management, LLC22$2.06K0.00%+22New
LRI Investments, LLC24$2.21K0.00%00.0%Unchanged
Trifecta Capital Advisors, LLC24$2.25K0.00%−38−61.3%Reduced
Sittner & Nelson, LLC25$2.35K0.00%00.0%Unchanged
Bell Investment Advisors, Inc25$2.35K0.00%+5+25.0%Added
WPG Advisers, LLC28$2.63K0.00%+28New
Raffa Wealth Management, LLC31$2.91K0.00%00.0%Unchanged
Financial Network Wealth Advisors LLC31$2.91K0.00%−103−76.9%Reduced
Golden State Wealth Management, LLC32$3.00K0.00%+32New
South State Corp.35$3.28K0.00%−131−78.9%Reduced
Copia Wealth Management35$3.28K0.00%−35−50.0%Reduced
Atlantic Union Bankshares Corp38$3.56K0.00%00.0%Unchanged
Abound Wealth Management39$3.66K0.00%00.0%Unchanged
DiNuzzo Private Wealth, Inc.38$3.69K0.00%−1−2.6%Reduced
Avion Wealth47$4.00K0.00%−8−14.5%Reduced
JDM Financial Group LLC45$4.22K0.00%00.0%Unchanged
Prestige Wealth Management Group LLC46$4.32K0.00%00.0%Unchanged
Jackson, Grant Investment Advisers, Inc.48$4.50K0.00%00.0%Unchanged
Tortoise Investment Management, LLC49$4.60K0.00%+14+40.0%Added
Hughes Financial Services, LLC63$4.95K0.00%−14−18.2%Reduced
AdvisorNet Financial, Inc53$4.97K0.00%+6+12.8%Added
First United Bank Trust53$4.97K0.00%+34+178.9%Added
Bellevue Asset Management, LLC54$5.06K0.00%+8+17.4%Added
City State Bank54$5.07K0.00%00.0%Unchanged
Wealth Watch Advisors, INC61$5.72K0.00%+61New
Sachetta, LLC61$5.72K0.00%+23+60.5%Added
Howard Hughes Medical Institute62$5.82K0.00%+11+21.6%Added
Millstone Evans Group, LLC65$6.10K0.00%−6−8.5%Reduced
Optiver Holding B.V.67$6.28K0.00%+67New
Activest Wealth Management72$6.75K0.00%+28+63.6%Added
First Pacific Financial76$7.13K0.00%+8+11.8%Added
Meeder Asset Management Inc83$7.79K0.00%−138−62.4%Reduced
Horizon Financial Services, LLC83$7.79K0.00%+71+591.7%Added
Carolina Wealth Advisors, LLC84$7.88K0.00%00.0%Unchanged
MTM Investment Management, LLC85$7.97K0.00%00.0%Unchanged
Fortitude Family Office, LLC85$7.97K0.00%+5+6.3%Added
Private Wealth Management Group, LLC85$7.97K0.00%−28−24.8%Reduced
Greykasell Wealth Strategies, Inc.88$8.25K0.00%00.0%Unchanged
MV Capital Management, Inc.88$8.25K0.00%+31+54.4%Added
Creative Financial Designs Inc89$8.35K0.00%−35−28.2%Reduced
Palisade Asset Management, LLC92$8.63K0.00%+92New
Duncker Streett & Co Inc93$8.72K0.00%00.0%Unchanged
Spire Wealth Management95$8.91K0.00%−5−5.0%Reduced
Whipplewood Advisors, LLC100$9.38K0.01%−7−6.5%Reduced
HHM Wealth Advisors, LLC100$9.38K0.00%00.0%Unchanged
Transamerica Financial Advisors, Inc.101$9.39K0.00%+101New
Itau Unibanco Holding S.A.103$9.66K0.00%−3−2.8%Reduced
CVA Family Office, LLC104$9.75K0.00%+70+205.9%Added
Cullen/Frost Bankers, Inc.105$9.87K0.00%−37−26.1%Reduced
Tompkins Financial Corp111$10.4K0.00%00.0%Unchanged
Zions Bancorporation, National Association116$10.9K0.00%+116New
Farmers & Merchants Investments Inc120$11.3K0.00%00.0%Unchanged
Accredited Wealth Management, LLC42$11.6K0.01%−82−66.1%Reduced
First Command Advisory Services, Inc.124$11.6K0.00%+101+439.1%Added
Measured Wealth Private Client Group, LLC127$11.9K0.00%+127New
Colonial Trust Co130$12.2K0.00%−336−72.1%Reduced
Rise Advisors, LLC134$12.6K0.00%+5+3.9%Added
Rocky Mountain Advisers, LLC136$12.8K0.00%00.0%Unchanged
Red Tortoise LLC147$13.8K0.01%00.0%Unchanged
Frazier Financial Advisors, LLC150$14.1K0.01%00.0%Unchanged
JFS Wealth Advisors, LLC154$14.4K0.00%00.0%Unchanged
Bokf, NA156$14.6K0.00%−21,481−99.3%Reduced
UMA Financial Services, Inc.161$15.1K0.00%+155+2,583.3%Added
Marshall & Sterling Wealth Advisors Inc.167$15.6K0.01%−4−2.3%Reduced
Westside Investment Management, Inc.182$16.9K0.00%+91+100.0%Added
Truvestments Capital LLC188$17.6K0.00%+39+26.2%Added