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 |
|---|---|---|---|---|---|
| Avanza Fonder AB | 30,139 | $2.40M | 0.06% | +7,949+35.8% | Added |
| WealthPLAN Partners, LLC | 30,491 | $2.43M | 0.36% | −6,079−16.6% | Reduced |
| NEOS Investment Management LLC | 31,214 | $2.49M | 0.01% | +4,944+18.8% | Added |
| M Holdings Securities, Inc. | 31,311 | $2.50M | 0.18% | +31,311 | New |
| Mogy Joel R Investment Counsel Inc | 31,306 | $2.50M | 0.14% | −5,391−14.7% | Reduced |
| JustInvest LLC | 32,111 | $2.56M | 0.02% | +4,515+16.4% | Added |
| Summit Financial, LLC | 32,132 | $2.56M | 0.04% | −522−1.6% | Reduced |
| Aquatic Capital Management LLC | 32,890 | $2.62M | 0.07% | +32,890 | New |
| OP Asset Management Ltd | 33,119 | $2.64M | 0.03% | +1,470+4.6% | Added |
| Gator Capital Management, LLC | 33,171 | $2.64M | 0.55% | +33,171 | New |
| Davidson Kahn Capital Management, LLC | 33,290 | $2.65M | 1.38% | +7,822+30.7% | Added |
| Tredje AP-fonden | 33,439 | $2.67M | 0.02% | +4,535+15.7% | Added |
| Oregon Public Employees Retirement Fund | 33,652 | $2.68M | 0.03% | +100+0.3% | Added |
| Independent Advisor Alliance | 33,805 | $2.69M | 0.07% | +162+0.5% | Added |
| Legacy Financial Strategies, LLC | 34,212 | $2.73M | 0.48% | −1,772−4.9% | Reduced |
| Cim, LLC | 34,296 | $2.73M | 0.36% | +5,511+19.1% | Added |
| UniSuper Management Pty Ltd | 34,530 | $2.75M | 0.02% | −150.0% | Reduced |
| First National Advisers, LLC | 35,009 | $2.79M | 0.38% | −1,089−3.0% | Reduced |
| Integrity Financial Corp | 35,777 | $2.85M | 1.44% | +10.0% | Added |
| Advisory Services Network, LLC | 36,004 | $2.87M | 0.04% | +8,921+32.9% | Added |
| Cetera Investment Advisers | 36,493 | $2.91M | 0.00% | −9,006−19.8% | Reduced |
| Bessemer Group Inc | 36,685 | $2.92M | 0.00% | +13,665+59.4% | Added |
| Agf Management Ltd | 36,938 | $2.94M | 0.01% | +3,262+9.7% | Added |
| HWG Holdings LP | 37,640 | $3.00M | 0.73% | −29,461−43.9% | Reduced |
| Nissay Asset Management Corp | 38,359 | $3.06M | 0.02% | −129−0.3% | Reduced |
| Rakuten Investment Management, Inc. | 38,456 | $3.11M | 0.01% | −202,958−84.1% | Reduced |
| Mutual of America Capital Management LLC | 39,272 | $3.13M | 0.03% | −1,561−3.8% | Reduced |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 39,981 | $3.19M | 0.03% | −96−0.2% | Reduced |
| New York Life Investment Management LLC | 40,194 | $3.20M | 0.03% | +466+1.2% | Added |
| CIBC World Markets Corp | 40,704 | $3.24M | 0.02% | +40,704 | New |
| First National Bank of Omaha | 40,983 | $3.27M | 0.10% | −768−1.8% | Reduced |
| Jump Financial, LLC | 41,314 | $3.29M | 0.04% | +41,314 | New |
| XTX Topco Ltd | 41,738 | $3.33M | 0.09% | +37,631+916.3% | Added |
| Edgestream Partners, L.P. | 42,233 | $3.37M | 0.09% | +42,233 | New |
| Susquehanna International Group, LLP | 43,472 | $3.46M | 0.00% | +14,910+52.2% | Added |
| Leavell Investment Management, Inc. | 43,891 | $3.50M | 0.15% | −416−0.9% | Reduced |
| Stephens Inc | 44,028 | $3.51M | 0.04% | +1,284+3.0% | Added |
| Police & Firemen's Retirement System of New Jersey | 44,495 | $3.55M | 0.03% | −104−0.2% | Reduced |
| Park National Corp | 44,675 | $3.56M | 0.11% | −1,450−3.1% | Reduced |
| KBC Group NV | 45,146 | $3.60M | 0.01% | +325+0.7% | Added |
| Wiley Bros.-Aintree Capital, LLC | 45,593 | $3.63M | 0.02% | −2,862−5.9% | Reduced |
| WealthPlan Investment Management, LLC | 46,600 | $3.71M | 0.24% | −52,539−53.0% | Reduced |
| Utah Retirement Systems | 46,613 | $3.72M | 0.04% | +551+1.2% | Added |
| Charter Trust Co | 46,880 | $3.74M | 0.22% | −62,366−57.1% | Reduced |
| Xponance, Inc. | 47,954 | $3.82M | 0.03% | +2,909+6.5% | Added |
| Southeast Asset Advisors Inc. | 48,683 | $3.88M | 0.37% | +10,984+29.1% | Added |
| Daiwa Securities Group Inc. | 50,133 | $4.00M | 0.01% | +875+1.8% | Added |
| O'Shaughnessy Asset Management, LLC | 50,914 | $4.06M | 0.02% | −11,257−18.1% | Reduced |
| Cerity Partners LLC | 51,270 | $4.09M | 0.01% | −25,715−33.4% | Reduced |
| British Columbia Investment Management Corp | 51,303 | $4.09M | 0.02% | +8,647+20.3% | Added |
| Intech Investment Management LLC | 51,840 | $4.13M | 0.04% | −73,164−58.5% | Reduced |
| Ensign Peak Advisors, Inc | 52,284 | $4.17M | 0.01% | −89,915−63.2% | Reduced |
| IFM Investors Pty Ltd | 52,619 | $4.19M | 0.03% | +361+0.7% | Added |
| Nisa Investment Advisors, LLC | 52,818 | $4.21M | 0.01% | +3,392+6.9% | Added |
| Benjamin Edwards Inc | 53,608 | $4.27M | 0.05% | −3,896−6.8% | Reduced |
| Forsta Ap-Fonden | 53,700 | $4.28M | 0.03% | −4,800−8.2% | Reduced |
| The PNC Financial Services Group, Inc. | 53,993 | $4.30M | 0.00% | +1,271+2.4% | Added |
| Triad Investment Management | 54,122 | $4.31M | 4.37% | +54,122 | New |
| Wilson Asset Management (International) Pty Ltd | 54,440 | $4.34M | 1.11% | 00.0% | Unchanged |
| Campbell & CO Investment Adviser LLC | 55,093 | $4.39M | 0.21% | +55,093 | New |
| Amalgamated Bank | 55,133 | $4.39M | 0.03% | −2,445−4.2% | Reduced |
| GWM Advisors LLC | 55,150 | $4.40M | 0.02% | −3,928−6.6% | Reduced |
| CIBC Private Wealth Group, LLC | 55,575 | $4.43M | 0.01% | −6,078−9.9% | Reduced |
| MUFG Securities EMEA plc | 57,425 | $4.58M | 0.05% | +51,817+924.0% | Added |
| Skandinaviska Enskilda Banken AB (publ) | 57,745 | $4.60M | 0.02% | −15,397−21.1% | Reduced |
| DnB Asset Management AS | 57,988 | $4.62M | 0.02% | +506+0.9% | Added |
| Mirae Asset Global Investments Co., Ltd. | 58,320 | $4.65M | 0.01% | +9,720+20.0% | Added |
| D. E. Shaw & Co., Inc. | 58,334 | $4.65M | 0.00% | −207,261−78.0% | Reduced |
| Stonebridge Financial Group, LLC | 59,312 | $4.73M | 0.40% | +2,989+5.3% | Added |
| Fuller & Thaler Asset Management, Inc. | 60,380 | $4.81M | 0.02% | +15,096+33.3% | Added |
| Retirement Systems of Alabama | 62,464 | $4.98M | 0.02% | −37−0.1% | Reduced |
| Vaughan Nelson Investment Management, L.P. | 62,475 | $4.98M | 0.05% | +10,250+19.6% | Added |
| Rockefeller Capital Management L.P. | 62,498 | $4.98M | 0.01% | +38,732+163.0% | Added |
| Westbourne Investment Advisors, Inc. | 63,849 | $5.09M | 1.40% | +3,885+6.5% | Added |
| Capital International Inc | 64,880 | $5.17M | 0.04% | +64,880 | New |
| Comerica Bank | 66,021 | $5.26M | 0.02% | −2,316−3.4% | Reduced |
| Hantz Financial Services, Inc. | 66,271 | $5.28M | 0.08% | −12,540−15.9% | Reduced |
| Tower Bridge Advisors | 67,970 | $5.42M | 0.55% | −37,168−35.4% | Reduced |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 68,298 | $5.44M | 0.03% | −2,062−2.9% | Reduced |
| Walleye Capital LLC | 69,411 | $5.53M | 0.03% | +69,411 | New |
| Neuberger Berman Group LLC | 70,714 | $5.64M | 0.00% | −2,636−3.6% | Reduced |
| Sawgrass Asset Management LLC | 71,129 | $5.67M | 0.71% | +15,732+28.4% | Added |
| Guggenheim Capital LLC | 71,752 | $5.72M | 0.04% | −30,322−29.7% | Reduced |
| MetLife Investment Management | 71,779 | $5.72M | 0.03% | −2,080−2.8% | Reduced |
| Bank of Nova Scotia | 72,147 | $5.75M | 0.01% | −302,425−80.7% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 72,951 | $5.81M | 0.01% | +591+0.8% | Added |
| Jones Financial Companies LLLP | 74,583 | $5.95M | 0.00% | +459+0.6% | Added |
| Public Sector Pension Investment Board | 74,904 | $5.97M | 0.02% | +11,680+18.5% | Added |
| State of Michigan Retirement System | 76,851 | $6.13M | 0.03% | −2,400−3.0% | Reduced |
| Czech National Bank | 77,423 | $6.17M | 0.04% | +3,008+4.0% | Added |
| Motley Fool Asset Management LLC | 77,473 | $6.17M | 0.24% | −10,190−11.6% | Reduced |
| Mariner, LLC | 78,182 | $6.23M | 0.01% | +3,492+4.7% | Added |
| Arizona State Retirement System | 79,468 | $6.33M | 0.03% | −8,334−9.5% | Reduced |
| Diamond Hill Capital Management Inc | 79,697 | $6.35M | 0.03% | 00.0% | Unchanged |
| PensionDanmark Pensionsforsikringsaktieselskab | 80,280 | $6.40M | 0.06% | +80,280 | New |
| Marks Group Wealth Management, Inc | 80,601 | $6.42M | 0.62% | −6,066−7.0% | Reduced |
| Handelsbanken Fonder AB | 82,134 | $6.55M | 0.02% | −53,800−39.6% | Reduced |
| Boston Trust Walden Corp | 86,294 | $6.88M | 0.05% | +18,627+27.5% | Added |
| Public Employees Retirement System of Ohio | 86,922 | $6.93M | 0.02% | −237−0.3% | Reduced |
| BCM Advisors, LLC | 88,234 | $6.99M | 1.34% | −240.0% | Reduced |