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 |
|---|---|---|---|---|---|
| Fifth Third Wealth Advisors LLC | 3,958 | $315.5K | 0.01% | −2,565−39.3% | Reduced |
| Pensionmark Financial Group, LLC | 3,994 | $318.4K | 0.01% | +785+24.5% | Added |
| Portside Wealth Group, LLC | 4,002 | $319.0K | 0.04% | −927−18.8% | Reduced |
| Washington Trust Bank | 4,070 | $324.4K | 0.02% | 00.0% | Unchanged |
| AlphaCore Capital LLC | 4,085 | $325.6K | 0.01% | +4,085 | New |
| Gibbs Wealth Management | 4,041 | $325.9K | 0.08% | −544−11.9% | Reduced |
| Ambassador Advisors, LLC | 4,093 | $326.2K | 0.05% | −26,887−86.8% | Reduced |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management | 4,095 | $326.4K | 0.01% | +4,095 | New |
| CWM Advisors, LLC | 4,111 | $327.6K | 0.03% | +806+24.4% | Added |
| Cornerstone Investment Partners, LLC | 4,112 | $327.7K | 0.01% | +4,112 | New |
| ASR Vermogensbeheer N.V. | 4,116 | $328.0K | 0.00% | −49−1.2% | Reduced |
| GTS Securities LLC | 4,123 | $328.6K | 0.01% | +4,123 | New |
| Means Investment Co., Inc. | 4,152 | $330.9K | 0.03% | 00.0% | Unchanged |
| Siemens Fonds Invest GmbH | 4,140 | $332.1K | 0.02% | −2,906−41.2% | Reduced |
| Equitable Holdings, Inc. | 4,183 | $333.4K | 0.00% | +610+17.1% | Added |
| Prevail Innovative Wealth Advisors, LLC | 4,237 | $337.7K | 0.06% | +103+2.5% | Added |
| Abc Arbitrage SA | 4,266 | $340.0K | 0.03% | +4,266 | New |
| Entropy Technologies, LP | 4,280 | $341.1K | 0.02% | +4,280 | New |
| Tema ETFs LLC | 4,281 | $341.2K | 0.03% | −12−0.3% | Reduced |
| Belpointe Asset Management LLC | 4,287 | $341.7K | 0.01% | +191+4.7% | Added |
| Venturi Wealth Management, LLC | 4,307 | $343.3K | 0.02% | −701−14.0% | Reduced |
| V-Square Quantitative Management LLC | 4,312 | $343.7K | 0.04% | +4,312 | New |
| Apriem Advisors | 4,343 | $346.1K | 0.03% | −3−0.1% | Reduced |
| Ashton Thomas Private Wealth, LLC | 4,363 | $347.7K | 0.01% | −1,654−27.5% | Reduced |
| TCW Group Inc | 4,373 | $348.5K | 0.00% | +4,373 | New |
| Journey Strategic Wealth LLC | 4,443 | $354.1K | 0.01% | −1,830−29.2% | Reduced |
| Prelude Capital Management, LLC | 4,465 | $355.9K | 0.03% | +4,465 | New |
| Numerai GP LLC | 4,497 | $358.4K | 0.04% | −16,959−79.0% | Reduced |
| Change Path, LLC | 4,508 | $359.3K | 0.01% | +139+3.2% | Added |
| Forum Private Client Group LLC | 4,608 | $367.3K | 0.13% | +9+0.2% | Added |
| Mayflower Financial Advisors, LLC | 4,652 | $370.8K | 0.04% | −783−14.4% | Reduced |
| Wealthspire Advisors, LLC | 4,713 | $375.6K | 0.00% | +2,618+125.0% | Added |
| Revisor Wealth Management LLC | 4,764 | $382.6K | 0.10% | +274+6.1% | Added |
| American National Bank of Texas | 4,911 | $391.4K | 0.38% | +264+5.7% | Added |
| Trust Point Inc. | 4,994 | $398.0K | 0.03% | +627+14.4% | Added |
| Klingman & Associates, LLC | 5,004 | $398.8K | 0.02% | +253+5.3% | Added |
| Pine Valley Investments Ltd Liability Co | 5,007 | $399.1K | 0.02% | +203+4.2% | Added |
| Osmosis Investment Management UK Ltd | 5,022 | $400.3K | 0.01% | +5,022 | New |
| Bullock Wealth Management Group | 5,048 | $402.3K | 0.20% | +8+0.2% | Added |
| Phillips Financial Management, LLC | 5,060 | $403.3K | 0.03% | −7−0.1% | Reduced |
| Argonautica Private Wealth Management, Inc | 5,088 | $405.5K | 0.12% | −146−2.8% | Reduced |
| Integrated Investment Consultants, LLC | 5,115 | $407.7K | 0.08% | −754−12.8% | Reduced |
| Gateway Investment Advisers LLC | 5,123 | $408.3K | 0.00% | +688+15.5% | Added |
| Mutual Advisors, LLC | 5,145 | $410.0K | 0.01% | −710−12.1% | Reduced |
| Vestcor Inc | 5,183 | $413.0K | 0.01% | 00.0% | Unchanged |
| Vontobel Holding Ltd. | 5,187 | $413.4K | 0.00% | −2,002−27.8% | Reduced |
| Howland Capital Management LLC | 5,196 | $414.1K | 0.02% | 00.0% | Unchanged |
| Legacy Capital Wealth Partners, LLC | 5,202 | $414.6K | 0.09% | +125+2.5% | Added |
| MJP Associates Inc | 5,250 | $418.4K | 0.05% | +35+0.7% | Added |
| Centennial Bank | 5,324 | $424.3K | 0.17% | 00.0% | Unchanged |
| BOK Financial Private Wealth, Inc. | 5,383 | $429.0K | 0.03% | −786−12.7% | Reduced |
| Dai-Ichi Life Insurance Company, Ltd | 5,428 | $432.6K | 0.01% | +1,178+27.7% | Added |
| Advisor OS, LLC | 5,462 | $435.3K | 0.04% | +233+4.5% | Added |
| Warren Averett Asset Management, LLC | 5,464 | $435.5K | 0.00% | −1,368−20.0% | Reduced |
| Fidelis Capital Partners, LLC | 5,482 | $436.9K | 0.03% | −176−3.1% | Reduced |
| Virtu Financial LLC | 5,616 | $448.0K | 0.02% | +5,616 | New |
| Foundations Investment Advisors, LLC | 5,796 | $462.0K | 0.01% | +5,796 | New |
| S-Bank Fund Management Ltd | 5,812 | $463.2K | 0.06% | −105−1.8% | Reduced |
| Hamilton Capital Partners Inc. | 5,848 | $466.1K | 0.02% | −534−8.4% | Reduced |
| Andra AP-fonden | 5,909 | $470.9K | 0.01% | −126,395−95.5% | Reduced |
| Adviser Investments LLC | 5,944 | $473.7K | 0.01% | +56+1.0% | Added |
| Arrowstreet Capital, Limited Partnership | 5,980 | $476.6K | 0.00% | −33,654−84.9% | Reduced |
| Huntington National Bank | 6,008 | $478.8K | 0.00% | +858+16.7% | Added |
| Texas Yale Capital Corp. | 6,070 | $483.8K | 0.01% | +6,070 | New |
| Sound Financial Strategies Group, LLC | 6,089 | $485.3K | 0.34% | −519−7.9% | Reduced |
| Vise Technologies, Inc. | 6,097 | $485.9K | 0.01% | +3,162+107.7% | Added |
| Engineers Gate Manager LP | 6,129 | $488.5K | 0.01% | −4,441−42.0% | Reduced |
| SFM, LLC | 6,234 | $496.9K | 0.29% | −2,976−32.3% | Reduced |
| Tower Research Capital LLC (TRC) | 6,287 | $501.1K | 0.01% | +3,260+107.7% | Added |
| Norden Group LLC | 6,432 | $512.7K | 0.05% | −624−8.8% | Reduced |
| Global X Japan Co., Ltd. | 6,472 | $515.8K | 0.04% | +502+8.4% | Added |
| DRW Securities, LLC | 6,514 | $519.2K | 0.04% | −2,436−27.2% | Reduced |
| Ferguson Wellman Capital Management, Inc | 6,547 | $521.8K | 0.01% | −312,208−97.9% | Reduced |
| Axq Capital, LP | 6,579 | $524.3K | 0.12% | +6,579 | New |
| Serenity Investment Advisors | 6,533 | $526.5K | 0.31% | +6,533 | New |
| Studio Investment Management LLC | 6,612 | $527.0K | 0.10% | +480+7.8% | Added |
| Quest Partners LLC | 6,625 | $528.0K | 0.03% | 00.0% | Unchanged |
| SevenBridge Financial Group, LLC | 6,721 | $535.1K | 0.09% | 00.0% | Unchanged |
| Axxcess Wealth Management, LLC | 6,719 | $535.5K | 0.01% | +6,719 | New |
| NFP Retirement, Inc. | 6,735 | $536.8K | 0.03% | +25+0.4% | Added |
| J.W. Cole Advisors, Inc. | 6,758 | $537.6K | 0.01% | −311−4.4% | Reduced |
| Ieq Capital, LLC | 6,813 | $543.0K | 0.00% | −9,562−58.4% | Reduced |
| Xcel Wealth Management, LLC | 6,834 | $544.7K | 0.14% | 00.0% | Unchanged |
| Moors & Cabot, Inc. | 6,854 | $546.3K | 0.02% | +49+0.7% | Added |
| Thoroughbred Financial Services, LLC | 6,871 | $547.0K | 0.03% | −2,570−27.2% | Reduced |
| GAMMA Investing LLC | 6,927 | $552.1K | 0.03% | −1,843−21.0% | Reduced |
| Hunter Associates Investment Management LLC | 7,039 | $563.0K | 0.08% | +19+0.3% | Added |
| Holland Advisory Services, Inc. | 7,064 | $563.0K | 0.76% | −327−4.4% | Reduced |
| Hennion & Walsh Asset Management, Inc. | 7,094 | $565.4K | 0.02% | −42−0.6% | Reduced |
| Canada Post Corp Registered Pension Plan | 7,160 | $570.7K | 0.02% | +1,560+27.9% | Added |
| Verdence Capital Advisors LLC | 7,173 | $571.7K | 0.03% | +2,817+64.7% | Added |
| Leonteq Securities AG | 7,200 | $573.8K | 0.03% | +6,565+1,033.9% | Added |
| Kentucky Retirement Systems Insurance Trust Fund | 7,342 | $585.2K | 0.04% | 00.0% | Unchanged |
| Boreal Capital Management LLC | 7,399 | $589.7K | 0.44% | +1,743+30.8% | Added |
| Jefferies Financial Group Inc. | 7,446 | $593.4K | 0.00% | −14,062−65.4% | Reduced |
| Brookstone Capital Management | 7,484 | $596.5K | 0.01% | −30,910−80.5% | Reduced |
| Hyperion Capital Advisors LP | 7,500 | $597.8K | 0.29% | 00.0% | Unchanged |
| Blueshift Asset Management, LLC | 7,541 | $601.0K | 0.17% | +7,541 | New |
| AlphaGrep UK Ltd | 7,683 | $612.3K | 0.20% | +7,683 | New |
| RMR Capital Management, LLC | 7,698 | $613.5K | 0.44% | +4,258+123.8% | Added |