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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, 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.

Institutional holdersQ4 2025: 890 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 heldQ4 2025: $21.7B
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, Q4 2025

Shares, value and share of portfolio for each institution holding Brown & Brown, Inc.; share changes are against Q3 2025.

Institutions holding BRO in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Y.D. More Investments Ltd212$530.00%−10−4.5%Reduced
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main1$690.00%+1New
Rakuten Securities, Inc.1$800.00%00.0%Unchanged
Murphy & Mullick Capital Management Corp1$800.00%+1New
Investors Portfolio Services LLC4$2960.00%+4New
DecisionPoint Financial, LLC4$3190.00%00.0%Unchanged
Davis Capital Management4$3190.00%+1+33.3%Added
Nemes Rush Group LLC4$3190.00%+4New
NVWM, LLC5$3990.00%00.0%Unchanged
Seneschal Advisors, LLC5$3990.00%00.0%Unchanged
Crewe Advisors LLC5$3990.00%+5New
Luken Investment Analytics, LLC5$3990.00%+5New
Bogart Wealth, LLC6$4780.00%−4−40.0%Reduced
United Community Bank6$4780.00%00.0%Unchanged
Turning Point Benefit Group, Inc.6$4780.00%00.0%Unchanged
Essential Partners LLC7$5580.00%−2,050−99.7%Reduced
Financial Consulate, Inc7$5580.00%−8−53.3%Reduced
Westfuller Advisors, LLC7$5590.00%+7New
WestEnd Advisors, LLC9$7170.00%+2+28.6%Added
Avalon Trust Co9$7180.00%00.0%Unchanged
Three Bearings Fiduciary Advisors, Inc.10$7210.00%+10New
Creative Financial Designs Inc10$7970.00%−79−88.8%Reduced
Wolff Wiese Magana LLC10$7970.00%00.0%Unchanged
Aventura Private Wealth, LLC10$7970.00%+10New
Bay Harbor Wealth Management, LLC11$8760.00%+1+10.0%Added
Quaker Wealth Management, LLC11$8770.00%+2+22.2%Added
American Capital Advisory, LLC11$8770.00%+6+120.0%Added
Valley National Advisers Inc17$1.00K0.00%+17New
Optima Capital LLC13$1.04K0.00%+13New
Rialto Wealth Management, LLC13$1.04K0.00%+6+85.7%Added
Marshall & Sterling Wealth Advisors Inc.13$1.04K0.00%−154−92.2%Reduced
Financial Management Professionals, Inc.14$1.12K0.00%00.0%Unchanged
DT Investment Partners, LLC15$1.20K0.00%00.0%Unchanged
1015 Capital Partners, LLC15$1.20K0.00%+15New
Legacy Bridge, LLC16$1.28K0.00%+16New
HFM Investment Advisors, LLC17$1.35K0.00%+10+142.9%Added
Aspect Partners, LLC18$1.44K0.00%00.0%Unchanged
Dunhill Financial, LLC19$1.50K0.00%+2+11.8%Added
First United Bank Trust19$1.51K0.00%−34−64.2%Reduced
Principia Wealth Advisory, LLC23$1.83K0.00%+3+15.0%Added
NBT Bank N A80$1.83K0.00%+80New
Sittner & Nelson, LLC25$1.84K0.00%00.0%Unchanged
LRI Investments, LLC24$1.88K0.00%00.0%Unchanged
High Note Wealth, LLC24$1.91K0.00%+24New
Signature Equity Partners, LLC26$2.08K0.00%+26New
Rossby Financial, LCC30$2.39K0.00%+30New
UMA Financial Services, Inc.31$2.47K0.00%−130−80.7%Reduced
Sachetta, LLC31$2.47K0.00%−30−49.2%Reduced
Raffa Wealth Management, LLC31$2.47K0.00%00.0%Unchanged
SJS Investment Consulting Inc.31$2.47K0.00%+14+82.4%Added
Financial Network Wealth Advisors LLC31$2.48K0.00%00.0%Unchanged
Golden State Wealth Management, LLC32$2.56K0.00%00.0%Unchanged
DiNuzzo Private Wealth, Inc.33$2.63K0.00%−5−13.2%Reduced
CBIZ Investment Advisory Services, LLC34$2.71K0.00%+34New
Copia Wealth Management35$2.79K0.00%00.0%Unchanged
First Pacific Financial36$2.87K0.00%−40−52.6%Reduced
South State Corp.37$2.95K0.00%+2+5.7%Added
Avion Wealth50$3.00K0.00%+3+6.4%Added
Atlantic Union Bankshares Corp38$3.03K0.00%00.0%Unchanged
Abound Wealth Management39$3.11K0.00%00.0%Unchanged
Horizon Financial Services, LLC41$3.27K0.00%−42−50.6%Reduced
Kilter Group LLC41$3.27K0.00%+23+127.8%Added
North Star Investment Management Corp.41$3.27K0.00%+36+720.0%Added
Prestige Wealth Management Group LLC46$3.67K0.00%00.0%Unchanged
Jackson, Grant Investment Advisers, Inc.48$3.83K0.00%00.0%Unchanged
Atlas Capital Advisors LLC50$3.98K0.00%+50New
Bartlett & Co. Wealth Management LLC53$4.22K0.00%+53New
Keating Financial Advisory Services, Inc.53$4.22K0.00%+53New
AdvisorNet Financial, Inc54$4.30K0.00%+1+1.9%Added
Bellevue Asset Management, LLC55$4.38K0.00%+1+1.9%Added
Wealth Watch Advisors, INC55$4.38K0.00%−6−9.8%Reduced
Modus Advisors, LLC60$4.78K0.00%+60New
Howard Hughes Medical Institute63$5.02K0.00%+1+1.6%Added
Caitlin John, LLC64$5.10K0.00%−13,866−99.5%Reduced
Millstone Evans Group, LLC65$5.18K0.00%00.0%Unchanged
Fortitude Family Office, LLC66$5.26K0.00%−19−22.4%Reduced
Union Savings Bank68$5.42K0.00%+68New
Central Trust Co72$5.74K0.00%−169−70.1%Reduced
City State Bank75$5.98K0.00%+21+38.9%Added
Cornerstone Financial Management LLC75$5.98K0.01%+75New
Harbor Investment Advisory, LLC77$6.14K0.00%+77New
Spire Wealth Management77$6.16K0.00%−18−18.9%Reduced
Transamerica Financial Advisors, Inc.78$6.21K0.00%−23−22.8%Reduced
Carolina Wealth Advisors, LLC84$6.70K0.00%00.0%Unchanged
MTM Investment Management, LLC85$6.78K0.00%00.0%Unchanged
CVA Family Office, LLC87$6.93K0.00%−17−16.3%Reduced
Greykasell Wealth Strategies, Inc.88$7.01K0.00%00.0%Unchanged
Meeder Asset Management Inc88$7.01K0.00%+5+6.0%Added
Acumen Wealth Advisors, LLC90$7.17K0.00%+90New
Bravera Wealth92$7.33K0.00%+92New
Duncker Streett & Co Inc93$7.41K0.00%00.0%Unchanged
Miller Capital Partners, Inc.93$7.41K0.00%+93New
Key Financial Inc94$7.49K0.00%−103−52.3%Reduced
RMG Wealth Management LLC101$7.87K0.00%+101New
Whipplewood Advisors, LLC100$7.97K0.01%00.0%Unchanged
First Command Advisory Services, Inc.101$8.05K0.00%−23−18.5%Reduced
SHP Wealth Management102$8.13K0.00%+102New
Cullen/Frost Bankers, Inc.107$8.56K0.00%+2+1.9%Added
Tompkins Financial Corp111$8.85K0.00%00.0%Unchanged
MCF Advisors LLC124$9.88K0.00%+124New