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 2025
Institutional positions in Brown & Brown, Inc. as of Dec 31, 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
- 890
- +8 vs. Q3 2025
- Shares held
- 272.6M
- +10.9M (+4.2%) vs. Q3 2025
- Total value
- $21.7B
- −$2.80B (−11.4%) vs. Q3 2025
- New holders
- 131
- 297 more added
- Sold out
- 123
- 354 more reduced
15 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding Brown & Brown, Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Vanguard Group Inc | 37,634,847 | $3.00B | 0.04% | +303,955+0.8% | Added |
| BlackRock, Inc. | 21,770,945 | $1.74B | 0.03% | +796,956+3.8% | Added |
| Capital World Investors | 17,886,395 | $1.43B | 0.19% | +407,006+2.3% | Added |
| Principal Financial Group Inc | 15,362,548 | $1.22B | 0.63% | −53,642−0.3% | Reduced |
| State Street Corp | 13,403,814 | $1.07B | 0.04% | +282,988+2.2% | Added |
| FMR LLC | 10,536,563 | $839.8M | 0.04% | −1,416,698−11.9% | Reduced |
| Select Equity Group, L.P. | 9,434,802 | $752.0M | 3.49% | +3,358,403+55.3% | Added |
| Geode Capital Management, LLC | 7,952,957 | $631.5M | 0.04% | +118,225+1.5% | Added |
| Norges Bank | 6,484,778 | $516.8M | 0.06% | +6,484,778 | New |
| Parnassus Investments | 6,204,729 | $494.5M | 1.28% | −630,126−9.2% | Reduced |
| Capital International Investors | 4,663,165 | $371.7M | 0.06% | +4,663,165 | New |
| Morgan Stanley | 4,620,122 | $368.2M | 0.02% | −74,467−1.6% | Reduced |
| Kempen Capital Management N.V. | 4,538,584 | $361.7M | 3.10% | +2,589,048+132.8% | Added |
| Deutsche Bank AG | 3,929,461 | $313.2M | 0.10% | +1,361,934+53.0% | Added |
| Barclays PLC | 3,397,991 | $270.8M | 0.11% | +882,930+35.1% | Added |
| Royal Bank of Canada | 3,396,464 | $270.7M | 0.05% | −1,491,211−30.5% | Reduced |
| Wells Fargo & Company | 3,009,060 | $239.8M | 0.05% | −195,816−6.1% | Reduced |
| Invesco Ltd. | 2,858,421 | $227.8M | 0.02% | +456,412+19.0% | Added |
| Allspring Global Investments Holdings, LLC | 2,802,327 | $217.5M | 0.35% | +57,274+2.1% | Added |
| Bank of America Corp | 2,494,762 | $198.8M | 0.01% | −81,645−3.2% | Reduced |
| Northern Trust Corp | 2,456,172 | $195.8M | 0.02% | −146,188−5.6% | Reduced |
| JPMorgan Chase & Co | 2,422,970 | $193.1M | 0.01% | +491,131+25.4% | Added |
| Goldman Sachs Group Inc | 2,184,733 | $174.1M | 0.02% | +55,629+2.6% | Added |
| Fenimore Asset Management Inc | 2,183,511 | $174.0M | 3.62% | +27,056+1.3% | Added |
| Manufacturers Life Insurance Company, The | 2,041,737 | $162.7M | 0.13% | −265,539−11.5% | Reduced |
| Madison Asset Management, LLC | 1,987,110 | $158.4M | 1.82% | −21,650−1.1% | Reduced |
| UBS Group AG | 1,972,258 | $157.2M | 0.03% | +476,151+31.8% | Added |
| ProShare Advisors LLC | 1,849,673 | $147.4M | 0.26% | +150,004+8.8% | Added |
| Charles Schwab Investment Management Inc | 1,753,576 | $139.8M | 0.02% | +46,622+2.7% | Added |
| Dimensional Fund Advisors LP | 1,723,389 | $137.4M | 0.03% | +152,874+9.7% | Added |
| UBS Asset Management Americas Inc | 1,490,755 | $118.8M | 0.03% | −39,014−2.6% | Reduced |
| Gobi Capital LLC | 1,428,677 | $113.9M | 5.68% | +332,474+30.3% | Added |
| Bank of New York Mellon Corp | 1,389,128 | $110.7M | 0.02% | −31,686−2.2% | Reduced |
| Natixis Advisors, L.P. | 1,358,086 | $108.2M | 0.15% | +230,464+20.4% | Added |
| Tandem Investment Advisors, Inc. | 1,291,818 | $103.0M | 3.83% | −93,396−6.7% | Reduced |
| Legal & General Group Plc | 1,112,254 | $88.6M | 0.02% | −38,717−3.4% | Reduced |
| Healthcare of Ontario Pension Plan Trust Fund | 1,111,607 | $88.6M | 0.15% | −697,267−38.5% | Reduced |
| Kayne Anderson Rudnick Investment Management LLC | 1,107,903 | $88.3M | 0.24% | −96,227−8.0% | Reduced |
| Champlain Investment Partners, LLC | 1,099,310 | $87.6M | 0.89% | +1,099,310 | New |
| Caisse de Depot Et Placement du Quebec | 1,098,158 | $87.5M | 0.15% | −1,241,347−53.1% | Reduced |
| Renaissance Technologies LLC | 1,074,000 | $85.6M | 0.13% | +87,000+8.8% | Added |
| Raymond James Financial Inc | 1,008,132 | $80.3M | 0.03% | −79,277−7.3% | Reduced |
| Rathbone Brothers plc | 980,954 | $78.2M | 0.31% | +186,251+23.4% | Added |
| Verition Fund Management LLC | 928,061 | $74.0M | 0.40% | +151,794+19.6% | Added |
| Polar Capital Holdings Plc | 925,000 | $73.7M | 0.34% | +250,000+37.0% | Added |
| Jain Global LLC | 843,015 | $67.2M | 0.66% | 00.0% | Unchanged |
| Sumitomo Mitsui Trust Holdings, Inc. | 833,045 | $66.4M | 0.04% | +12,155+1.5% | Added |
| Chilton Investment Co LLC | 827,866 | $66.0M | 1.38% | −802,743−49.2% | Reduced |
| Swiss National Bank | 793,600 | $63.2M | 0.04% | −62,100−7.3% | Reduced |
| Nomura Asset Management International Inc. | 777,508 | $62.0M | 0.09% | +777,508 | New |
| Giverny Capital Inc.SuperinvestorGiverny Capital | 772,520 | $61.6M | 2.05% | +450,274+139.7% | Added |
| Nordea Investment Management AB | 745,960 | $59.7M | 0.05% | −96,404−11.4% | Reduced |
| Millennium Management LLC | 748,610 | $59.7M | 0.04% | +649,911+658.5% | Added |
| Royal London Asset Management Ltd | 691,574 | $55.1M | 0.12% | −597,276−46.3% | Reduced |
| Storebrand Asset Management AS | 689,136 | $54.9M | 0.15% | +311,920+82.7% | Added |
| Brown Brothers Harriman & Co | 672,458 | $53.6M | 0.29% | −116,257−14.7% | Reduced |
| Dundas Partners LLP | 666,803 | $53.1M | 3.74% | +33,262+5.3% | Added |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 671,735 | $52.1M | 0.04% | +29,502+4.6% | Added |
| Quantum Capital Management, LLC | 649,855 | $51.8M | 6.00% | +388,059+148.2% | Added |
| Envestnet Asset Management Inc | 625,105 | $49.8M | 0.01% | −88,339−12.4% | Reduced |
| HSBC Holdings PLC | 610,737 | $48.7M | 0.03% | +21,643+3.7% | Added |
| BNP Paribas Arbitrage, SA | 609,825 | $48.6M | 0.03% | +289,638+90.5% | Added |
| California Public Employees Retirement System | 605,569 | $48.3M | 0.03% | −94,680−13.5% | Reduced |
| Nuveen, LLC | 600,510 | $47.9M | 0.01% | −57,225−8.7% | Reduced |
| Prana Capital Management, LP | 596,403 | $47.5M | 1.73% | −344,438−36.6% | Reduced |
| Congress Asset Management Co | 580,610 | $46.3M | 0.33% | −89,057−13.3% | Reduced |
| PFA Pension, Forsikringsaktieselskab | 576,240 | $46.2M | 0.13% | +576,240 | New |
| SEI Investments Co | 570,986 | $45.5M | 0.04% | +76,528+15.5% | Added |
| Rhumbline Advisers | 569,029 | $45.4M | 0.04% | −7,743−1.3% | Reduced |
| Amundi | 568,106 | $45.3M | 0.01% | +27,013+5.0% | Added |
| Schwartz Investment Counsel Inc | 555,400 | $44.3M | 1.55% | +23,000+4.3% | Added |
| Snyder Capital Management L P | 555,292 | $44.3M | 0.82% | −7,379−1.3% | Reduced |
| Clarkston Capital Partners, LLC | 554,060 | $44.2M | 1.02% | −156,010−22.0% | Reduced |
| CBOE Vest Financial, LLC | 552,994 | $44.1M | 0.56% | +19,503+3.7% | Added |
| Price T Rowe Associates Inc | 527,749 | $42.1M | 0.00% | −150,328−22.2% | Reduced |
| National Pension Service | 503,604 | $40.1M | 0.03% | +151,373+43.0% | Added |
| Nomura Asset Management Co Ltd | 503,259 | $40.1M | 0.10% | +32,020+6.8% | Added |
| Captrust Financial Advisors | 485,153 | $38.7M | 0.07% | −25,091−4.9% | Reduced |
| Bank of Montreal | 467,536 | $37.3M | 0.02% | −131,110−21.9% | Reduced |
| Abn Amro Investment Solutions | 461,567 | $36.8M | 0.54% | +27,870+6.4% | Added |
| EULAV Asset Management | 444,900 | $35.5M | 0.95% | 00.0% | Unchanged |
| CIBC Asset Management Inc | 432,392 | $34.4M | 0.08% | +355,132+459.7% | Added |
| Osterweis Capital Management Inc | 425,746 | $33.9M | 1.44% | +2,155+0.5% | Added |
| Mitsubishi UFJ Trust & Banking Corp | 422,384 | $33.7M | 0.08% | −129,225−23.4% | Reduced |
| Confluence Investment Management LLC | 413,319 | $32.9M | 0.49% | +114,959+38.5% | Added |
| Citigroup Inc | 412,979 | $32.9M | 0.02% | +159,945+63.2% | Added |
| TimesSquare Capital Management, LLC | 409,702 | $32.7M | 0.49% | −79,868−16.3% | Reduced |
| Local Pensions Partnership Investment Ltd | 406,000 | $32.4M | 0.57% | +17,000+4.4% | Added |
| DF Dent & Co Inc | 386,955 | $30.8M | 0.44% | +101,492+35.6% | Added |
| Barr E S & Co | 362,669 | $28.9M | 1.50% | +57,971+19.0% | Added |
| California State Teachers Retirement System | 348,673 | $27.8M | 0.03% | −52,061−13.0% | Reduced |
| Russell Investments Group, Ltd. | 318,440 | $25.4M | 0.03% | +37,485+13.3% | Added |
| Philo Smith Capital Corp | 317,450 | $25.3M | 6.96% | +25,000+8.5% | Added |
| Squarepoint Ops LLC | 312,779 | $24.9M | 0.05% | −3,693−1.2% | Reduced |
| Alliancebernstein L.P. | 308,834 | $24.6M | 0.01% | +16,514+5.6% | Added |
| Cresset Asset Management, LLC | 308,555 | $24.6M | 0.10% | −425−0.1% | Reduced |
| Gotham Asset Management, LLC | 300,530 | $24.0M | 0.09% | −195,656−39.4% | Reduced |
| Stifel Financial Corp | 297,133 | $23.7M | 0.02% | −11,382−3.7% | Reduced |
| DekaBank Deutsche Girozentrale | 260,347 | $23.3M | 0.04% | 00.0% | Unchanged |
| Cortland Associates Inc | 289,445 | $23.1M | 2.91% | +289,445 | New |