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Livermore
Livermore
ZHEN

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
Segall Bryant & Hamill, LLC0$00.00%−110,960−100.0%Sold out
Lynwood Price Capital Management LP0$00.00%−88,000−100.0%Sold out
Ossiam0$00.00%−77,586−100.0%Sold out
Atom Investors LP0$00.00%−70,910−100.0%Sold out
2Xideas AG0$00.00%−70,685−100.0%Sold out
Schonfeld Strategic Advisors LLC0$00.00%−54,028−100.0%Sold out
Silphium Asset Management Ltd0$00.00%−48,323−100.0%Sold out
FJ Capital Management LLC0$00.00%−47,837−100.0%Sold out
Natixis0$00.00%−44,790−100.0%Sold out
Wall Street Access Asset Management, LLC0$00.00%−42,048−100.0%Sold out
Threadgill Financial, LLC0$00.00%−39,734−100.0%Sold out
Empowered Funds, LLC0$00.00%−30,757−100.0%Sold out
Mitchell Capital Management Co0$00.00%−27,591−100.0%Sold out
New Age Alpha Advisors, LLC0$00.00%−27,170−100.0%Sold out
Dark Forest Capital Management LP0$00.00%−24,689−100.0%Sold out
Twinbeech Capital LP0$00.00%−24,186−100.0%Sold out
Achmea Investment Management B.V.0$00.00%−23,410−100.0%Sold out
Two Sigma Investments, LP0$00.00%−22,749−100.0%Sold out
Kesler, Norman & Wride, LLC0$00.00%−17,951−100.0%Sold out
Marex Group plc0$00.00%−18,677−100.0%Sold out
Freedom Day Solutions, LLC0$00.00%−18,632−100.0%Sold out
Virtus Investment Advisers, Inc.0$00.00%−17,859−100.0%Sold out
Brighton Jones LLC0$00.00%−17,564−100.0%Sold out
Mirabella Financial Services LLP0$00.00%−16,844−100.0%Sold out
Man Group plc0$00.00%−15,725−100.0%Sold out
Brant Point Investment Management LLC0$00.00%−14,000−100.0%Sold out
Robeco Institutional Asset Management B.V.0$00.00%−11,587−100.0%Sold out
Polymer Capital Management (US) LLC0$00.00%−11,272−100.0%Sold out
Integrated Wealth Concepts LLC0$00.00%−11,256−100.0%Sold out
Interval Partners, LP0$00.00%−10,094−100.0%Sold out
Machina Capital S.A.S.0$00.00%−9,075−100.0%Sold out
Soros Fund Management LLCSuperinvestorSoros Fund Management0$00.00%−8,500−100.0%Sold out
Park Avenue Securities LLC0$00.00%−7,771−100.0%Sold out
Summit Global Investments0$00.00%−7,666−100.0%Sold out
Silver Oak Securities, Inc0$00.00%−6,988−100.0%Sold out
DSM Capital Partners LLC0$00.00%−6,777−100.0%Sold out
Hohimer Wealth Management, LLC0$00.00%−6,756−100.0%Sold out
Caerus Investment Advisors, LLC0$00.00%−6,501−100.0%Sold out
Golden State Equity Partners0$00.00%−6,143−100.0%Sold out
Allianz SE0$00.00%−5,680−100.0%Sold out
Next Level Private LLC0$00.00%−5,432−100.0%Sold out
Element Capital Management LLC0$00.00%−5,375−100.0%Sold out
Illinois Municipal Retirement Fund0$00.00%−5,012−100.0%Sold out
NorthRock Partners, LLC0$00.00%−3,951−100.0%Sold out
FourThought Financial Partners, LLC0$00.00%−3,917−100.0%Sold out
Triangle Securities Wealth Management0$00.00%−3,871−100.0%Sold out
Krilogy Financial LLC0$00.00%−4,610−100.0%Sold out
Pallas Capital Advisors LLC0$00.00%−3,674−100.0%Sold out
Jackson Thornton Asset Management, LLC0$00.00%−3,508−100.0%Sold out
Kingswood Wealth Advisors, LLC0$00.00%−3,341−100.0%Sold out
Voleon Capital Management LP0$00.00%−3,258−100.0%Sold out
Capital Advisors Inc0$00.00%−3,219−100.0%Sold out
Requisite Capital Management, LLC0$00.00%−3,165−100.0%Sold out
Palacios Wealth Management, LLC0$00.00%−3,105−100.0%Sold out
Aigen Investment Management, LP0$00.00%−3,055−100.0%Sold out
Savvy Advisors, Inc.0$00.00%−2,983−100.0%Sold out
Kathmere Capital Management, LLC0$00.00%−2,977−100.0%Sold out
CWA Asset Management Group, LLC0$00.00%−2,956−100.0%Sold out
NorthCrest Asset Manangement, LLC0$00.00%−2,842−100.0%Sold out
Buckingham Strategic Partners0$00.00%−3,150−100.0%Sold out
Intrust Bank NA0$00.00%−2,755−100.0%Sold out
Somerville Kurt F0$00.00%−2,750−100.0%Sold out
Mizuho Markets Americas LLC0$00.00%−2,745−100.0%Sold out
Waddell & Associates, LLC0$00.00%−2,737−100.0%Sold out
Custom Index Systems, LLC0$00.00%−2,664−100.0%Sold out
waypoint wealth counsel0$00.00%−2,625−100.0%Sold out
Alliance Wealth Advisors, LLC0$00.00%−2,599−100.0%Sold out
Perigon Wealth Management, LLC0$00.00%−2,572−100.0%Sold out
Wallace Advisory Group, LLC0$00.00%−2,168−100.0%Sold out
Moneta Group Investment Advisors LLC0$00.00%−2,525−100.0%Sold out
Callahan Advisors, LLC0$00.00%−2,458−100.0%Sold out
Argent Trust Co0$00.00%−2,435−100.0%Sold out
Level Four Advisory Services, LLC0$00.00%−2,385−100.0%Sold out
Covenant Partners, LLC0$00.00%−2,383−100.0%Sold out
Tiemann Investment Advisors, LLC0$00.00%−2,380−100.0%Sold out
Moss Adams Wealth Advisors LLC0$00.00%−2,351−100.0%Sold out
Angeles Wealth Management, LLC0$00.00%−2,344−100.0%Sold out
Wedmont Private Capital0$00.00%−2,264−100.0%Sold out
Ritholtz Wealth Management0$00.00%−2,304−100.0%Sold out
Trinity Financial Advisors LLC0$00.00%−2,279−100.0%Sold out
Tradition Wealth Management, LLC0$00.00%−2,225−100.0%Sold out
Commerzbank Aktiengesellschaft0$00.00%−2,217−100.0%Sold out
Keel Point, LLC0$00.00%−2,212−100.0%Sold out
Kavar Capital Partners Group, LLC0$00.00%−2,188−100.0%Sold out
Milestone Asset Management, LLC0$00.00%−2,148−100.0%Sold out
RFP Financial Group LLC0$00.00%−1,970−100.0%Sold out
National Asset Management, Inc.0$00.00%−2,142−100.0%Sold out
Legacy Financial Advisors, Inc.0$00.00%−2,142−100.0%Sold out
Financiere des Professionnels - Fonds d,investissement inc.0$00.00%−1,131−100.0%Sold out
Ci Investments Inc.0$00.00%−934−100.0%Sold out
True Wealth Design, LLC0$00.00%−581−100.0%Sold out
Adirondack Trust Co0$00.00%−459−100.0%Sold out
GPS Wealth Strategies Group, LLC0$00.00%−285−100.0%Sold out
JPL Wealth Management, LLC0$00.00%−199−100.0%Sold out
Atlantic Trust, LLC0$00.00%−189−100.0%Sold out
Bokf, NA0$00.00%−156−100.0%Sold out
Rise Advisors, LLC0$00.00%−134−100.0%Sold out
Itau Unibanco Holding S.A.0$00.00%−103−100.0%Sold out
HHM Wealth Advisors, LLC0$00.00%−100−100.0%Sold out
Palisade Asset Management, LLC0$00.00%−92−100.0%Sold out