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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
Nomura Holdings Inc7,552$708.3K0.00%+7,552New
Summit Global Investments7,666$719.0K0.04%+7,666New
Commerce Bank7,696$721.8K0.00%−1,159−13.1%Reduced
Park Avenue Securities LLC7,771$729.0K0.01%+30.0%Added
Manchester Capital Management LLC7,797$731.3K0.10%−1,803−18.8%Reduced
MUFG Securities Americas Inc.7,901$741.0K0.05%+1,690+27.2%Added
Banco Bilbao Vizcaya Argentaria, S.A.7,905$741.4K0.01%+3,453+77.6%Added
Merit Financial Group, LLC7,996$750.0K0.01%+5,261+192.4%Added
Federation des caisses Desjardins du Quebec8,032$753.3K0.00%−2,507−23.8%Reduced
CWC Advisors, LLC.8,184$767.6K0.38%+4,642+131.1%Added
Keyes, Stange & Wooten Wealth Management, LLC8,273$775.9K0.38%00.0%Unchanged
Soros Fund Management LLCSuperinvestorSoros Fund Management8,500$797.2K0.01%−991,500−99.2%Reduced
Financial Enhancement Group LLC8,428$808.8K0.11%+854+11.3%Added
GAMMA Investing LLC8,770$822.5K0.05%−165−1.8%Reduced
Horizon Investments, LLC8,813$824.8K0.01%+1,073+13.9%Added
Pictet & Cie (Europe) SA8,890$833.8K0.02%00.0%Unchanged
Quantbot Technologies LP8,915$836.1K0.02%−26,922−75.1%Reduced
Fifth Third Bancorp8,978$842.0K0.00%+1,078+13.6%Added
Proficio Capital Partners LLC8,997$843.8K0.06%−2,638−22.7%Reduced
DRW Securities, LLC8,950$844.0K0.04%+6,955+348.6%Added
Kestra Advisory Services, LLC9,067$850.4K0.00%+3,166+53.7%Added
Machina Capital S.A.S.9,075$851.1K0.15%+9,075New
Glenview Trust Co9,107$854.1K0.01%−197−2.1%Reduced
SFM, LLC9,210$863.8K0.50%+1,069+13.1%Added
Jane Street Group, LLC9,259$868.4K0.00%+9,259New
Simon Quick Advisors, LLC9,311$873.3K0.04%+860+10.2%Added
Northwestern Mutual Investment Management Company, LLC9,338$875.8K0.01%+396+4.4%Added
Tributary Capital Management, LLC9,371$878.9K0.08%−1,457−13.5%Reduced
Vident Advisory, LLC9,417$883.2K0.01%+359+4.0%Added
Thoroughbred Financial Services, LLC9,441$885.0K0.05%00.0%Unchanged
Equitable Trust Co9,452$886.5K0.04%−3,806−28.7%Reduced
Aptus Capital Advisors, LLC9,491$890.2K0.01%+160+1.7%Added
Raiffeisen Bank International AG9,585$891.6K0.01%+9,185+2,296.3%Added
M&T Bank Corp9,687$908.2K0.00%−5,509−36.3%Reduced
United Capital Financial Advisers, LLC9,787$917.9K0.01%+6,422+190.8%Added
Banque Cantonale Vaudoise9,926$931.0K0.03%+7,900+389.9%Added
Harmony Asset Management LLC10,000$937.9K0.32%00.0%Unchanged
Access Investment Management LLC10,000$937.9K0.25%00.0%Unchanged
Parkwoods Wealth Partners, LLC10,061$943.6K0.32%−467−4.4%Reduced
Interval Partners, LP10,094$946.7K0.02%−41,669−80.5%Reduced
Resonant Capital Advisors, LLC10,247$961.1K0.06%+211+2.1%Added
Atomi Financial Group, Inc.10,530$987.6K0.03%−738−6.5%Reduced
Spears Abacus Advisors LLC10,548$989.3K0.02%+3,196+43.5%Added
Engineers Gate Manager LP10,570$991.4K0.01%+310+3.0%Added
Greenfield Seitz Capital Management, LLC10,600$994.2K0.32%00.0%Unchanged
Prudential PLC10,605$994.6K0.01%+6,419+153.3%Added
Gilbert & Cook, Inc.10,789$1.01M0.13%+1,509+16.3%Added
Monte Financial Group, LLC10,801$1.01M0.37%+233+2.2%Added
Allstate Corp10,850$1.02M0.02%+10,850New
Chaney Capital Management, Inc.10,864$1.02M0.36%00.0%Unchanged
B. Metzler seel. Sohn & Co. AG10,878$1.02M0.01%+1,227+12.7%Added
Tokio Marine Asset Management Co Ltd10,895$1.02M0.04%+1,803+19.8%Added
Sequoia Financial Advisors, LLC10,936$1.03M0.01%+1,104+11.2%Added
Everence Capital Management Inc11,103$1.04M0.06%−3,167−22.2%Reduced
Baker Avenue Asset Management, LP11,131$1.04M0.02%+1,098+10.9%Added
Principal Securities, Inc.11,132$1.04M0.02%+1,960+21.4%Added
Occidental Asset Management, LLC11,138$1.04M0.13%+1,663+17.6%Added
Integrated Wealth Concepts LLC11,256$1.06M0.01%−142−1.2%Reduced
Polymer Capital Management (US) LLC11,272$1.06M0.14%+11,272New
Concurrent Investment Advisors, LLC11,512$1.08M0.02%+1,851+19.2%Added
E. Ohman J:or Asset Management AB11,570$1.09M0.03%00.0%Unchanged
Robeco Institutional Asset Management B.V.11,587$1.09M0.00%−439,566−97.4%Reduced
Wealthfront Advisers LLC11,605$1.09M0.00%−3,784−24.6%Reduced
Compass Ion Advisors, LLC11,670$1.09M0.11%−10.0%Reduced
CenterBook Partners LP11,693$1.10M0.05%+11,693New
Maridea Wealth Management LLC12,537$1.10M0.17%+12,537New
Y-Intercept (Hong Kong) Ltd11,790$1.11M0.03%+11,790New
Wedge Capital Management L L P11,937$1.12M0.02%−4,530−27.5%Reduced
Cross Staff Investments Inc12,000$1.13M0.79%00.0%Unchanged
BI Asset Management Fondsmaeglerselskab A/S12,035$1.13M0.01%+510+4.4%Added
Wedbush Securities Inc12,142$1.14M0.04%+278+2.3%Added
Suncoast Equity Management12,569$1.18M0.12%+195+1.6%Added
New Mexico Educational Retirement Board12,700$1.19M0.04%+1,600+14.4%Added
Cathy Pareto & Associates, Inc12,777$1.20M0.90%+16+0.1%Added
Envestnet Portfolio Solutions, Inc.12,974$1.22M0.00%−1,376−9.6%Reduced
AG2R la Mondiale Gestion D'Actifs10,986$1.22M0.06%00.0%Unchanged
SlateStone Wealth, LLC13,475$1.26M0.11%00.0%Unchanged
ING Groep NV13,721$1.29M0.01%+166+1.2%Added
Pinebridge Investments, L.P.13,834$1.30M0.01%−10,467−43.1%Reduced
Investment Management Corp of Ontario13,898$1.30M0.02%+6,718+93.6%Added
Maryland State Retirement & Pension System13,909$1.30M0.03%+514+3.8%Added
Federated Hermes, Inc.13,911$1.30M0.00%−199,190−93.5%Reduced
Caitlin John, LLC13,930$1.31M0.91%+1,013+7.8%Added
Brant Point Investment Management LLC14,000$1.31M0.29%−16,000−53.3%Reduced
Colony Group, LLC13,985$1.31M0.00%+2,427+21.0%Added
Parr McKnight Wealth Management Group, LLC14,094$1.32M0.17%+1,886+15.4%Added
Securian Asset Management, Inc14,128$1.33M0.04%−550−3.7%Reduced
AE Wealth Management LLC14,335$1.34M0.01%+91+0.6%Added
Greenleaf Trust14,940$1.40M0.01%−284−1.9%Reduced
RSM US Wealth Management LLC15,045$1.41M0.02%−10−0.1%Reduced
Capital Investment Advisors, LLC15,149$1.42M0.02%+328+2.2%Added
Callan Family Office, LLC15,179$1.42M0.05%−5,282−25.8%Reduced
Norinchukin Bank, The15,276$1.43M0.02%+3,107+25.5%Added
Gulf International Bank (UK) Ltd15,358$1.44M0.05%−367−2.3%Reduced
Louisiana State Employees Retirement System15,400$1.44M0.02%+600+4.1%Added
Cyndeo Wealth Partners, LLC15,598$1.46M0.08%00.0%Unchanged
Man Group plc15,725$1.47M0.00%−70,323−81.7%Reduced
Keybank National Association15,932$1.49M0.01%+677+4.4%Added
Ieq Capital, LLC16,375$1.54M0.00%+16,375New
Evermay Wealth Management LLC16,495$1.55M0.18%00.0%Unchanged