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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
Adage Capital Partners GP, L.L.C.0$00.00%−676,700−100.0%Sold out
Gillson Capital LP0$00.00%−456,930−100.0%Sold out
Cookson Peirce & Co Inc0$00.00%−391,711−100.0%Sold out
Blackstone Group Inc.0$00.00%−350,000−100.0%Sold out
Fortress Investment Group LLC0$00.00%−240,000−100.0%Sold out
Longaeva Partners L.P.0$00.00%−225,000−100.0%Sold out
Moore Capital Management, LP0$00.00%−223,360−100.0%Sold out
Centiva Capital, LP0$00.00%−203,074−100.0%Sold out
Two Sigma Advisers, LP0$00.00%−193,291−100.0%Sold out
Sculptor Capital LP0$00.00%−159,000−100.0%Sold out
Lighthouse Investment Partners, LLC0$00.00%−114,028−100.0%Sold out
Moran Wealth Management, LLC0$00.00%−113,137−100.0%Sold out
Visualize Group LP0$00.00%−75,100−100.0%Sold out
Cinctive Capital Management LP0$00.00%−99,886−100.0%Sold out
Ibex Wealth Advisors0$00.00%−67,426−100.0%Sold out
AMF Pensionsforsakring AB0$00.00%−61,316−100.0%Sold out
Worldquant Millennium Advisors LLC0$00.00%−54,092−100.0%Sold out
ISAM Funds (UK) Ltd0$00.00%−44,775−100.0%Sold out
Dorsey Wright & Associates0$00.00%−39,113−100.0%Sold out
Laurion Capital Management LP0$00.00%−36,654−100.0%Sold out
AXA S.A.0$00.00%−32,679−100.0%Sold out
Jackson Wealth Management, LLC0$00.00%−30,113−100.0%Sold out
Brevan Howard Capital Management LP0$00.00%−29,716−100.0%Sold out
D L Carlson Investment Group Inc0$00.00%−24,888−100.0%Sold out
Peak Financial Advisors LLC0$00.00%−22,400−100.0%Sold out
Weiss Asset Management LP0$00.00%−22,322−100.0%Sold out
Element Squared LLC0$00.00%−19,401−100.0%Sold out
PEAK6 LLC0$00.00%−19,250−100.0%Sold out
Cumberland Partners Ltd0$00.00%−17,500−100.0%Sold out
Inceptionr LLC0$00.00%−15,833−100.0%Sold out
Quadrature Capital Ltd0$00.00%−14,746−100.0%Sold out
Harvest Investment Services, LLC0$00.00%−13,441−100.0%Sold out
Quest Investment Management LLC0$00.00%−13,339−100.0%Sold out
JSF Financial, LLC0$00.00%−10,940−100.0%Sold out
Nilsine Partners, LLC0$00.00%−9,259−100.0%Sold out
Qtron Investments LLC0$00.00%−9,184−100.0%Sold out
Board of the Pension Protection Fund0$00.00%−8,300−100.0%Sold out
Williamson Legacy Group, LLC0$00.00%−8,296−100.0%Sold out
Eschler Asset Management LLP0$00.00%−8,275−100.0%Sold out
Dakota Wealth Management0$00.00%−8,022−100.0%Sold out
Jump Financial, LLC0$00.00%−7,794−100.0%Sold out
TownSquare Capital, LLC0$00.00%−7,328−100.0%Sold out
GF Fund Management Co. Ltd.0$00.00%−7,135−100.0%Sold out
Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group0$00.00%−6,997−100.0%Sold out
Blueshift Asset Management, LLC0$00.00%−5,826−100.0%Sold out
Hanlon Investment Management, Inc.0$00.00%−5,589−100.0%Sold out
Sandia Investment Management LP0$00.00%−5,000−100.0%Sold out
Fayez Sarofim & Co0$00.00%−4,998−100.0%Sold out
Mount Yale Investment Advisors, LLC0$00.00%−4,639−100.0%Sold out
Axxcess Wealth Management, LLC0$00.00%−4,405−100.0%Sold out
Brown Miller Wealth Management, LLC0$00.00%−4,054−100.0%Sold out
Petrus Trust Company, LTA0$00.00%−3,964−100.0%Sold out
Outlook Wealth Advisors, LLC0$00.00%−3,827−100.0%Sold out
Florida Financial Advisors, LLC0$00.00%−3,787−100.0%Sold out
V-Square Quantitative Management LLC0$00.00%−3,776−100.0%Sold out
Grantham, Mayo, Van Otterloo & Co. LLC0$00.00%−3,400−100.0%Sold out
Optimize Financial Inc0$00.00%−3,115−100.0%Sold out
Burney Co0$00.00%−2,985−100.0%Sold out
Harvest Fund Management Co., Ltd0$00.00%−2,973−100.0%Sold out
R Squared Ltd0$00.00%−2,948−100.0%Sold out
Hudson Bay Capital Management LP0$00.00%−2,931−100.0%Sold out
Sepio Capital, LP0$00.00%−2,920−100.0%Sold out
Net Worth Advisory Group0$00.00%−2,804−100.0%Sold out
J. Safra Sarasin Holding AG0$00.00%−2,792−100.0%Sold out
Resources Investment Advisors, LLC.0$00.00%−2,786−100.0%Sold out
Otter Creek Advisors, LLC0$00.00%−2,671−100.0%Sold out
Axq Capital, LP0$00.00%−2,469−100.0%Sold out
Tower Wealth Partners, Inc.0$00.00%−2,464−100.0%Sold out
Foundations Investment Advisors, LLC0$00.00%−2,455−100.0%Sold out
Catalyst Funds Management Pty Ltd0$00.00%−2,400−100.0%Sold out
Corton Capital Inc.0$00.00%−2,337−100.0%Sold out
Tocqueville Asset Management L.P.0$00.00%−2,327−100.0%Sold out
Burling Wealth Partners, LLC0$00.00%−2,284−100.0%Sold out
Kestra Private Wealth Services, LLC0$00.00%−2,239−100.0%Sold out
MBB Public Markets I LLC0$00.00%−2,147−100.0%Sold out
Quotient Wealth Partners, LLC0$00.00%−2,115−100.0%Sold out
ICONIQ Capital, LLC0$00.00%−2,110−100.0%Sold out
Wolverine Trading, LLC0$00.00%−2,133−100.0%Sold out
Berkshire Asset Management LLC0$00.00%−2,095−100.0%Sold out
Smith Shellnut Wilson LLC0$00.00%−2,062−100.0%Sold out
Insight Wealth Strategies, LLC0$00.00%−2,056−100.0%Sold out
RBF Capital, LLC0$00.00%−2,000−100.0%Sold out
Wood Tarver Financial Group, LLC0$00.00%−1,984−100.0%Sold out
Impact Capital Partners LLC0$00.00%−1,982−100.0%Sold out
Kovitz Investment Group Partners, LLC0$00.00%−1,946−100.0%Sold out
Spirepoint Private Client, LLC0$00.00%−1,909−100.0%Sold out
Western Wealth Management, LLC0$00.00%−1,902−100.0%Sold out
Gitterman Wealth Management, LLC0$00.00%−1,798−100.0%Sold out
Virtus ETF Advisers LLC0$00.00%−1,724−100.0%Sold out
GeoWealth Management, LLC0$00.00%−1,689−100.0%Sold out
Atticus Wealth Management, LLC0$00.00%−1,176−100.0%Sold out
Maseco LLP0$00.00%−979−100.0%Sold out
Headlands Technologies LLC0$00.00%−902−100.0%Sold out
Horizon Bancorp Inc0$00.00%−454−100.0%Sold out
Intelligent Financial Strategies0$00.00%−445−100.0%Sold out
Migdal Insurance & Financial Holdings Ltd.0$00.00%−446−100.0%Sold out
Garde Capital, Inc.0$00.00%−371−100.0%Sold out
Motco0$00.00%−293−100.0%Sold out
Ameritas Advisory Services, LLC0$00.00%−214−100.0%Sold out
Lazard Asset Management LLC0$00.00%−196−100.0%Sold out