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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
Activest Wealth Management0$00.00%−72−100.0%Sold out
Tortoise Investment Management, LLC0$00.00%−49−100.0%Sold out
JDM Financial Group LLC0$00.00%−45−100.0%Sold out
Trifecta Capital Advisors, LLC0$00.00%−24−100.0%Sold out
Marquette Asset Management, LLC0$00.00%−22−100.0%Sold out
Cloud Capital Management, LLC0$00.00%−24−100.0%Sold out
Halbert Hargrove Global Advisors, LLC0$00.00%−21−100.0%Sold out
Crowley Wealth Management, Inc.0$00.00%−17−100.0%Sold out
Vermillion Wealth Management, Inc.0$00.00%−12−100.0%Sold out
Bare Financial Services, Inc0$00.00%−6−100.0%Sold out
Retirement Wealth Solutions LLC0$00.00%−6−100.0%Sold out
North Capital, Inc.0$00.00%−5−100.0%Sold out
Cape Investment Advisory, Inc.0$00.00%−3−100.0%Sold out
Aware Super Pty Ltd as trustee of Aware Super––––Not filed
CIBC Bancorp USA Inc.––––Not filed
AXA Investment Managers S.A.––––Not filed
Glenmede Investment Management, LP––––Not filed
Benchmark Investment Advisors LLC––––Not filed
Pinebridge Investments, L.P.––––Not filed
Wetherby Asset Management Inc––––Not filed
First Affirmative Financial Network––––Not filed
Fullcircle Wealth LLC––––Not filed
Moloney Securities Asset Management, LLC––––Not filed
Shell Asset Management Co––––Not filed
Promus Capital, LLC––––Not filed
Bares Capital Management, Inc.––––Not filed
Hemington Wealth Management––––Not filed
Accredited Wealth Management, LLC––––Not filed