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 |
|---|---|---|---|---|---|
| Everence Capital Management Inc | 14,628 | $1.17M | 0.07% | +3,525+31.7% | Added |
| United Capital Financial Advisers, LLC | 14,635 | $1.17M | 0.01% | +4,848+49.5% | Added |
| Oppenheimer Asset Management Inc. | 14,777 | $1.18M | 0.01% | −2,182−12.9% | Reduced |
| Wedge Capital Management L L P | 14,832 | $1.18M | 0.02% | +2,895+24.3% | Added |
| Louisiana State Employees Retirement System | 15,000 | $1.20M | 0.02% | −400−2.6% | Reduced |
| Concurrent Investment Advisors, LLC | 15,126 | $1.21M | 0.01% | +3,614+31.4% | Added |
| Greenleaf Trust | 15,148 | $1.21M | 0.01% | +208+1.4% | Added |
| Keybank National Association | 15,289 | $1.22M | 0.00% | −643−4.0% | Reduced |
| Gulf International Bank (UK) Ltd | 15,358 | $1.22M | 0.04% | 00.0% | Unchanged |
| Schroder Investment Management Group | 15,350 | $1.23M | 0.00% | −7,612−33.2% | Reduced |
| Panagora Asset Management Inc | 15,535 | $1.24M | 0.00% | −14,091−47.6% | Reduced |
| Cyndeo Wealth Partners, LLC | 15,557 | $1.24M | 0.07% | −41−0.3% | Reduced |
| Prudential PLC | 15,629 | $1.25M | 0.01% | +5,024+47.4% | Added |
| GenTrust, LLC | 15,687 | $1.25M | 0.05% | −1,307−7.7% | Reduced |
| Westwood Holdings Group Inc. | 15,795 | $1.26M | 0.01% | −2,346−12.9% | Reduced |
| RSM US Wealth Management LLC | 15,751 | $1.26M | 0.02% | +706+4.7% | Added |
| Norinchukin Bank, The | 16,004 | $1.28M | 0.01% | +728+4.8% | Added |
| Quantitative Investment Management, LLC | 16,444 | $1.31M | 0.13% | +13,783+518.0% | Added |
| Evermay Wealth Management LLC | 16,495 | $1.31M | 0.15% | 00.0% | Unchanged |
| Canada Pension Plan Investment Board | 16,510 | $1.32M | 0.00% | −176,881−91.5% | Reduced |
| Eurizon Capital SGR S.p.A. | 16,716 | $1.33M | 0.00% | +16,716 | New |
| Zacks Investment Management | 16,752 | $1.34M | 0.01% | −1,102−6.2% | Reduced |
| Incline Global Management LLC | 16,872 | $1.34M | 0.46% | −148,953−89.8% | Reduced |
| Metis Global Partners, LLC | 16,956 | $1.35M | 0.03% | −621−3.5% | Reduced |
| Hartford Investment Management Co | 17,143 | $1.37M | 0.04% | −113−0.7% | Reduced |
| Boston Partners | 17,252 | $1.37M | 0.00% | −1,570,698−98.9% | Reduced |
| Kentucky Retirement Systems | 17,516 | $1.40M | 0.04% | 00.0% | Unchanged |
| Ameriflex Group, Inc. | 17,525 | $1.40M | 0.73% | −17,655−50.2% | Reduced |
| Skopos Labs, Inc. | 17,290 | $1.40M | 0.06% | +11,460+196.6% | Added |
| Ameritas Investment Partners, Inc. | 17,703 | $1.41M | 0.04% | −415−2.3% | Reduced |
| FORA Capital, LLC | 17,771 | $1.42M | 0.17% | −10,692−37.6% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 17,781 | $1.43M | 0.00% | −19,067−51.7% | Reduced |
| M&T Bank Corp | 18,546 | $1.48M | 0.00% | +8,859+91.5% | Added |
| Teachers Retirement System of the State of Kentucky | 18,618 | $1.48M | 0.01% | 00.0% | Unchanged |
| Elo Mutual Pension Insurance Co | 18,693 | $1.49M | 0.02% | +18,693 | New |
| Intesa Sanpaolo Wealth Management | 18,701 | $1.49M | 0.31% | +18,701 | New |
| Farringdon Capital, Ltd. | 18,784 | $1.50M | 0.37% | −690−3.5% | Reduced |
| WCM Investment Management, LLC | 19,065 | $1.53M | 0.00% | −11,733−38.1% | Reduced |
| IFP Advisors, Inc | 19,217 | $1.53M | 0.03% | −1,554−7.5% | Reduced |
| Toroso Investments, LLC | 19,232 | $1.53M | 0.01% | −4,441−18.8% | Reduced |
| Investment Management Corp of Ontario | 19,482 | $1.55M | 0.02% | +5,584+40.2% | Added |
| Trueblood Wealth Management, LLC | 19,675 | $1.57M | 0.61% | +121+0.6% | Added |
| Glenmede Trust Co NA | 19,691 | $1.57M | 0.01% | +19,691 | New |
| Third View Private Wealth, LLC | 19,865 | $1.58M | 0.21% | +19,865 | New |
| Ironvine Capital Partners, LLC | 19,968 | $1.59M | 0.16% | +2,772+16.1% | Added |
| Callan Family Office, LLC | 20,117 | $1.60M | 0.03% | +4,938+32.5% | Added |
| Fairbanks Capital Management, Inc. | 20,138 | $1.60M | 0.88% | −238−1.2% | Reduced |
| Atria Investments LLC | 20,206 | $1.61M | 0.02% | −7,390−26.8% | Reduced |
| We Are One Seven, LLC | 20,408 | $1.63M | 0.03% | −632−3.0% | Reduced |
| Summit Trail Advisors, LLC | 20,555 | $1.64M | 0.03% | +268+1.3% | Added |
| Fiduciary Trust Co | 20,577 | $1.64M | 0.02% | +764+3.9% | Added |
| Northwestern Mutual Wealth Management Co | 20,667 | $1.65M | 0.00% | −1,935−8.6% | Reduced |
| Penobscot Investment Management Company, Inc. | 20,763 | $1.65M | 0.12% | −9,060−30.4% | Reduced |
| Macquarie Group Ltd | 20,866 | $1.66M | 0.01% | −793,536−97.4% | Reduced |
| Allstate Corp | 21,182 | $1.69M | 0.02% | +10,332+95.2% | Added |
| Cacti Asset Management LLC | 21,000 | $1.70M | 0.10% | 00.0% | Unchanged |
| Mizuho Securities USA LLC | 21,380 | $1.72M | 0.03% | +40+0.2% | Added |
| Lombard Odier Asset Management (USA) Corp | 22,001 | $1.75M | 0.71% | −2,230−9.2% | Reduced |
| Lido Advisors, LLC | 19,252 | $1.76M | 0.01% | +429+2.3% | Added |
| Prospera Financial Services Inc | 22,125 | $1.76M | 0.03% | +1,411+6.8% | Added |
| Nicholson Wealth Management Group, LLC | 22,570 | $1.80M | 1.06% | +5,357+31.1% | Added |
| Swiss Life Asset Management Ltd | 22,636 | $1.80M | 0.01% | +2,492+12.4% | Added |
| Hancock Whitney Corp | 22,850 | $1.82M | 0.03% | −50.0% | Reduced |
| Pacer Advisors, Inc. | 23,058 | $1.84M | 0.00% | −516−2.2% | Reduced |
| MML Investors Services, LLC | 23,387 | $1.86M | 0.00% | −5,822−19.9% | Reduced |
| STRS Ohio | 23,418 | $1.87M | 0.01% | +16,747+251.0% | Added |
| Maridea Wealth Management LLC | 23,442 | $1.87M | 0.28% | +10,905+87.0% | Added |
| Ethic Inc. | 23,446 | $1.87M | 0.03% | −1,149−4.7% | Reduced |
| Blair William & Co | 23,545 | $1.88M | 0.01% | −430−1.8% | Reduced |
| Roundview Capital LLC | 23,668 | $1.89M | 0.12% | −6,614−21.8% | Reduced |
| Magnetar Financial LLC | 23,714 | $1.89M | 0.02% | +23,714 | New |
| Pathstone Holdings, LLC | 23,759 | $1.89M | 0.01% | −900−3.6% | Reduced |
| WBI Investments | 23,906 | $1.91M | 0.50% | +23,906 | New |
| Salem Investment Counselors Inc | 24,000 | $1.91M | 0.05% | 00.0% | Unchanged |
| Harbor Advisors LLC | 24,000 | $1.91M | 0.29% | 00.0% | Unchanged |
| Invst, LLC | 24,172 | $1.93M | 0.21% | −1,871−7.2% | Reduced |
| Capital International Sarl | 24,270 | $1.93M | 0.03% | 00.0% | Unchanged |
| QRG Capital Management, Inc. | 24,432 | $1.95M | 0.02% | +1,731+7.6% | Added |
| Public Employees Retirement Association of Colorado | 24,601 | $1.96M | 0.01% | −147,390−85.7% | Reduced |
| Savant Capital, LLC | 24,608 | $1.96M | 0.01% | −159−0.6% | Reduced |
| Allianz Asset Management GmbH | 24,714 | $1.97M | 0.00% | −237,318−90.6% | Reduced |
| GAM Holding AG | 26,110 | $2.08M | 0.13% | +4,818+22.6% | Added |
| Janus Henderson Group PLC | 26,156 | $2.08M | 0.00% | +611+2.4% | Added |
| Delta Global Management LP | 26,228 | $2.09M | 0.15% | +200+0.8% | Added |
| HRT Financial LP | 26,320 | $2.10M | 0.01% | +26,320 | New |
| Ironwood Investment Counsel, LLC | 26,363 | $2.10M | 0.29% | −100−0.4% | Reduced |
| Balyasny Asset Management LLC | 26,601 | $2.12M | 0.00% | +10,007+60.3% | Added |
| T. Rowe Price Investment Management, Inc. | 26,764 | $2.13M | 0.00% | −92,028−77.5% | Reduced |
| U.S. Capital Wealth Advisors, LLC | 27,538 | $2.19M | 0.06% | −3,566−11.5% | Reduced |
| Bayview Asset Management, LLC | 28,109 | $2.24M | 2.02% | +28,109 | New |
| Steward Partners Investment Advisory, LLC | 28,268 | $2.25M | 0.01% | +61+0.2% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 28,314 | $2.26M | 0.00% | +2,153+8.2% | Added |
| Crawford Investment Counsel Inc | 28,750 | $2.29M | 0.04% | +170+0.6% | Added |
| State of Alaska, Department of Revenue | 28,998 | $2.31M | 0.02% | −2,250−7.2% | Reduced |
| Coldstream Capital Management Inc | 29,251 | $2.33M | 0.03% | +19+0.1% | Added |
| Davenport & Co LLC | 29,399 | $2.34M | 0.01% | −4,674−13.7% | Reduced |
| Transcend Wealth Collective, LLC | 29,410 | $2.34M | 0.18% | +24,733+528.8% | Added |
| Elser Financial Planning, Inc | 29,533 | $2.35M | 1.73% | +40.0% | Added |
| Cambridge Investment Research Advisors, Inc. | 29,617 | $2.36M | 0.01% | −641−2.1% | Reduced |
| HighTower Advisors, LLC | 30,049 | $2.39M | 0.00% | −315−1.0% | Reduced |