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.
| 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, Q3 2025
Shares, value and share of portfolio for each institution holding Brown & Brown, Inc.; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| AXA Investment Managers S.A. | 31,219 | $2.93M | 0.01% | +31,219 | New |
| State of Alaska, Department of Revenue | 31,248 | $2.93M | 0.03% | −235−0.7% | Reduced |
| OP Asset Management Ltd | 31,649 | $2.97M | 0.04% | +1,904+6.4% | Added |
| Summit Financial, LLC | 32,654 | $3.06M | 0.05% | −1,176−3.5% | Reduced |
| Thrivent Financial for Lutherans | 32,925 | $3.09M | 0.01% | −12,294−27.2% | Reduced |
| Mercer Global Advisors Inc | 33,187 | $3.11M | 0.01% | +21,492+183.8% | Added |
| Oregon Public Employees Retirement Fund | 33,552 | $3.15M | 0.04% | +9,463+39.3% | Added |
| Independent Advisor Alliance | 33,643 | $3.16M | 0.08% | +349+1.0% | Added |
| Agf Management Ltd | 33,676 | $3.16M | 0.01% | +6,046+21.9% | Added |
| Davenport & Co LLC | 34,073 | $3.20M | 0.02% | −2,024−5.6% | Reduced |
| UniSuper Management Pty Ltd | 34,545 | $3.24M | 0.02% | +8,788+34.1% | Added |
| Ameriflex Group, Inc. | 35,180 | $3.30M | 1.24% | +17,590+100.0% | Added |
| Integrity Financial Corp | 35,776 | $3.36M | 1.60% | +10.0% | Added |
| Legacy Financial Strategies, LLC | 35,984 | $3.37M | 0.61% | +2,174+6.4% | Added |
| First National Advisers, LLC | 36,098 | $3.39M | 0.46% | +857+2.4% | Added |
| WealthPLAN Partners, LLC | 36,570 | $3.43M | 0.51% | +879+2.5% | Added |
| Mogy Joel R Investment Counsel Inc | 36,697 | $3.44M | 0.19% | −13,719−27.2% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 36,848 | $3.52M | 0.01% | −22,502−37.9% | Reduced |
| Southeast Asset Advisors Inc. | 37,699 | $3.54M | 0.39% | +3,587+10.5% | Added |
| Brookstone Capital Management | 38,394 | $3.60M | 0.04% | +9,127+31.2% | Added |
| Nissay Asset Management Corp | 38,488 | $3.61M | 0.02% | +6,582+20.6% | Added |
| Arrowstreet Capital, Limited Partnership | 39,634 | $3.72M | 0.00% | −13,469−25.4% | Reduced |
| New York Life Investment Management LLC | 39,728 | $3.73M | 0.03% | +7,328+22.6% | Added |
| Threadgill Financial, LLC | 39,734 | $3.73M | 1.81% | +4,683+13.4% | Added |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 40,077 | $3.76M | 0.03% | +8,507+26.9% | Added |
| Teacher Retirement System of Texas | 40,312 | $3.78M | 0.02% | −32,775−44.8% | Reduced |
| CIBC Bancorp USA Inc. | 40,561 | $3.80M | 0.02% | +40,561 | New |
| Mutual of America Capital Management LLC | 40,833 | $3.83M | 0.04% | −1,359−3.2% | Reduced |
| First National Bank of Omaha | 41,751 | $3.92M | 0.25% | −1,924−4.4% | Reduced |
| Wall Street Access Asset Management, LLC | 42,048 | $3.94M | 0.98% | 00.0% | Unchanged |
| British Columbia Investment Management Corp | 42,656 | $4.00M | 0.02% | −3,463−7.5% | Reduced |
| Stephens Inc | 42,744 | $4.01M | 0.05% | +17,982+72.6% | Added |
| Leavell Investment Management, Inc. | 44,307 | $4.16M | 0.18% | −13,187−22.9% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 44,599 | $4.18M | 0.03% | +2,804+6.7% | Added |
| Natixis | 44,790 | $4.20M | 0.02% | −53,709−54.5% | Reduced |
| KBC Group NV | 44,821 | $4.20M | 0.01% | +3,237+7.8% | Added |
| Xponance, Inc. | 45,045 | $4.22M | 0.03% | −5,718−11.3% | Reduced |
| Fuller & Thaler Asset Management, Inc. | 45,284 | $4.25M | 0.01% | +7,326+19.3% | Added |
| Cetera Investment Advisers | 45,499 | $4.27M | 0.00% | +6,108+15.5% | Added |
| Utah Retirement Systems | 46,062 | $4.32M | 0.04% | +4,858+11.8% | Added |
| Park National Corp | 46,125 | $4.33M | 0.14% | −5,450−10.6% | Reduced |
| FJ Capital Management LLC | 47,837 | $4.49M | 0.48% | +11,879+33.0% | Added |
| Silphium Asset Management Ltd | 48,323 | $4.53M | 1.34% | +8,100+20.1% | Added |
| Wiley Bros.-Aintree Capital, LLC | 48,455 | $4.54M | 0.03% | −2,310−4.6% | Reduced |
| SRS Capital Advisors, Inc. | 48,507 | $4.55M | 0.07% | +48,000+9,467.5% | Added |
| Mirae Asset Global Investments Co., Ltd. | 48,600 | $4.56M | 0.01% | +14,678+43.3% | Added |
| Daiwa Securities Group Inc. | 49,258 | $4.62M | 0.02% | +13,099+36.2% | Added |
| Nisa Investment Advisors, LLC | 49,426 | $4.64M | 0.02% | −20,164−29.0% | Reduced |
| Vaughan Nelson Investment Management, L.P. | 52,225 | $4.90M | 0.04% | +23,090+79.3% | Added |
| IFM Investors Pty Ltd | 52,258 | $4.90M | 0.04% | 00.0% | Unchanged |
| The PNC Financial Services Group, Inc. | 52,722 | $4.94M | 0.00% | +6,346+13.7% | Added |
| Schonfeld Strategic Advisors LLC | 54,028 | $5.07M | 0.04% | −273,347−83.5% | Reduced |
| Wilson Asset Management (International) Pty Ltd | 54,440 | $5.11M | 1.26% | 00.0% | Unchanged |
| Sawgrass Asset Management LLC | 55,397 | $5.20M | 0.64% | +55,397 | New |
| Stonebridge Financial Group, LLC | 56,323 | $5.28M | 0.47% | +746+1.3% | Added |
| DnB Asset Management AS | 57,482 | $5.39M | 0.02% | +255+0.4% | Added |
| Benjamin Edwards Inc | 57,504 | $5.39M | 0.06% | −2,446−4.1% | Reduced |
| Amalgamated Bank | 57,578 | $5.40M | 0.04% | +7,117+14.1% | Added |
| Forsta Ap-Fonden | 58,500 | $5.49M | 0.03% | +12,700+27.7% | Added |
| GWM Advisors LLC | 59,078 | $5.54M | 0.03% | +1,413+2.5% | Added |
| Westbourne Investment Advisors, Inc. | 59,964 | $5.62M | 1.57% | +59,964 | New |
| Citadel Advisors LLC | 60,451 | $5.67M | 0.00% | −5,206,846−98.9% | Reduced |
| CIBC Private Wealth Group, LLC | 61,653 | $5.78M | 0.01% | −1,359,536−95.7% | Reduced |
| O'Shaughnessy Asset Management, LLC | 62,171 | $5.83M | 0.03% | +9,186+17.3% | Added |
| Retirement Systems of Alabama | 62,501 | $5.86M | 0.02% | +1,526+2.5% | Added |
| CWM, LLC | 62,545 | $5.87M | 0.02% | +56,265+895.9% | Added |
| Public Sector Pension Investment Board | 63,224 | $5.93M | 0.02% | +5,567+9.7% | Added |
| Jackson Hill Advisors, LLC | 65,000 | $6.10M | 2.88% | +65,000 | New |
| HWG Holdings LP | 67,101 | $6.29M | 1.59% | −5,923−8.1% | Reduced |
| Boston Trust Walden Corp | 67,667 | $6.35M | 0.05% | +725+1.1% | Added |
| Comerica Bank | 68,337 | $6.41M | 0.02% | −6,827−9.1% | Reduced |
| GHP Investment Advisors, Inc. | 70,041 | $6.57M | 0.28% | +70,041 | New |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 70,360 | $6.60M | 0.03% | +1,622+2.4% | Added |
| 2Xideas AG | 70,685 | $6.63M | 1.40% | +70,685 | New |
| Atom Investors LP | 70,910 | $6.65M | 0.50% | +52,914+294.0% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 72,360 | $6.79M | 0.02% | +10,840+17.6% | Added |
| Skandinaviska Enskilda Banken AB (publ) | 73,142 | $6.86M | 0.03% | −25,793−26.1% | Reduced |
| Neuberger Berman Group LLC | 73,350 | $6.88M | 0.01% | +28,865+64.9% | Added |
| MetLife Investment Management | 73,859 | $6.93M | 0.03% | +1,198+1.6% | Added |
| Jones Financial Companies LLLP | 74,124 | $6.95M | 0.00% | +23,506+46.4% | Added |
| Czech National Bank | 74,415 | $6.98M | 0.05% | +5,907+8.6% | Added |
| Mariner, LLC | 74,690 | $7.01M | 0.01% | +23,112+44.8% | Added |
| Cerity Partners LLC | 76,985 | $7.22M | 0.01% | +34,888+82.9% | Added |
| CIBC Asset Management Inc | 77,260 | $7.25M | 0.02% | −21,708−21.9% | Reduced |
| BCM Advisors, LLC | 88,258 | $7.27M | 1.46% | +80.0% | Added |
| Ossiam | 77,586 | $7.28M | 0.09% | +73,576+1,834.8% | Added |
| Hantz Financial Services, Inc. | 78,811 | $7.39M | 0.11% | −12,585−13.8% | Reduced |
| State of Michigan Retirement System | 79,251 | $7.43M | 0.04% | +3,100+4.1% | Added |
| Diamond Hill Capital Management Inc | 79,697 | $7.47M | 0.04% | 00.0% | Unchanged |
| First Trust Advisors LP | 81,309 | $7.63M | 0.01% | −562,893−87.4% | Reduced |
| Assenagon Asset Management S.A. | 86,213 | $8.09M | 0.01% | −866,210−90.9% | Reduced |
| Marks Group Wealth Management, Inc | 86,667 | $8.13M | 0.76% | −1,234−1.4% | Reduced |
| Public Employees Retirement System of Ohio | 87,159 | $8.17M | 0.03% | −2,813−3.1% | Reduced |
| ExodusPoint Capital Management, LP | 87,650 | $8.22M | 0.12% | +43,864+100.2% | Added |
| Motley Fool Asset Management LLC | 87,663 | $8.22M | 0.34% | +1,799+2.1% | Added |
| Arizona State Retirement System | 87,802 | $8.23M | 0.04% | +2,138+2.5% | Added |
| Lynwood Price Capital Management LP | 88,000 | $8.25M | 4.13% | +55,200+168.3% | Added |
| Lansforsakringar Fondforvaltning AB (publ) | 88,568 | $8.31M | 0.04% | 00.0% | Unchanged |
| US Bancorp | 88,737 | $8.32M | 0.01% | −1,232−1.4% | Reduced |
| Heron Bay Capital Management | 89,341 | $8.38M | 1.56% | −548−0.6% | Reduced |