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 |
|---|---|---|---|---|---|
| US Bancorp | 87,858 | $7.00M | 0.01% | −879−1.0% | Reduced |
| Kennedy Capital Management, Inc. | 87,959 | $7.01M | 0.15% | −3,044−3.3% | Reduced |
| Lansforsakringar Fondforvaltning AB (publ) | 88,571 | $7.06M | 0.03% | +30.0% | Added |
| Heron Bay Capital Management | 89,190 | $7.11M | 1.36% | −151−0.2% | Reduced |
| Whittier Trust Co of Nevada Inc | 88,656 | $7.12M | 0.15% | +110.0% | Added |
| Rafferty Asset Management, LLC | 89,577 | $7.14M | 0.02% | −7,936−8.1% | Reduced |
| Terry L. Blaker | 90,746 | $7.23M | 0.27% | −1,158−1.3% | Reduced |
| Redwood Grove Capital, LLC | 92,000 | $7.33M | 2.09% | +92,000 | New |
| Pictet North America Advisors SA | 92,125 | $7.34M | 0.70% | −6,712−6.8% | Reduced |
| Mn Services Vermogensbeheer B.V. | 92,248 | $7.35M | 0.05% | +1,248+1.4% | Added |
| Cooper Investors Pty Ltd | 92,540 | $7.38M | 2.45% | 00.0% | Unchanged |
| Moran Wealth Management, LLC | 93,521 | $7.45M | 0.23% | +93,521 | New |
| Cornerstone Advisors, LLC | 95,028 | $7.57M | 0.25% | +95,028 | New |
| Channing Capital Management, LLC | 95,267 | $7.59M | 0.20% | +95,267 | New |
| GHP Investment Advisors, Inc. | 96,928 | $7.73M | 0.32% | +26,887+38.4% | Added |
| State of New Jersey Common Pension Fund D | 98,788 | $7.87M | 0.03% | −5,126−4.9% | Reduced |
| Creative Planning | 99,455 | $7.93M | 0.01% | +4,275+4.5% | Added |
| LRZ Capital LLC | 101,000 | $8.05M | 3.63% | +101,000 | New |
| Voya Investment Management LLC | 101,223 | $8.07M | 0.01% | −6,977−6.4% | Reduced |
| Copeland Capital Management, LLC | 101,563 | $8.09M | 0.18% | −6,540−6.0% | Reduced |
| Spring Capital Management, LLC | 101,631 | $8.10M | 4.10% | +1,121+1.1% | Added |
| KLP Kapitalforvaltning AS | 101,700 | $8.11M | 0.03% | 00.0% | Unchanged |
| Yousif Capital Management, LLC | 103,324 | $8.17M | 0.09% | −1,630−1.6% | Reduced |
| Lountzis Asset Management, LLC | 107,639 | $8.58M | 3.05% | −961−0.9% | Reduced |
| Y-Intercept (Hong Kong) Ltd | 111,925 | $8.92M | 0.20% | +100,135+849.3% | Added |
| Citadel Advisors LLC | 112,759 | $8.99M | 0.01% | +52,308+86.5% | Added |
| Quantinno Capital Management LP | 113,037 | $9.01M | 0.02% | +1,533+1.4% | Added |
| Vaughan David Investments LLC | 113,372 | $9.04M | 0.20% | 00.0% | Unchanged |
| Sterling Capital Management LLC | 114,035 | $9.09M | 0.15% | −20,537−15.3% | Reduced |
| Close Asset Management Ltd | 114,119 | $9.10M | 0.20% | −972,569−89.5% | Reduced |
| Commonwealth Equity Services, LLC | 115,317 | $9.19M | 0.01% | −64,836−36.0% | Reduced |
| Credit Agricole S A | 118,156 | $9.42M | 0.03% | −151,508−56.2% | Reduced |
| Umb Bank N A | 118,876 | $9.47M | 0.13% | −68−0.1% | Reduced |
| Great West Life Assurance Co | 119,469 | $9.52M | 0.02% | −47,703−28.5% | Reduced |
| Taikang Asset Management (Hong Kong) Co Ltd | 120,345 | $9.59M | 0.95% | −10,633−8.1% | Reduced |
| Treasurer of the State of North Carolina | 120,997 | $9.64M | 0.03% | −4,439−3.5% | Reduced |
| Wellington Management Group LLP | 121,446 | $9.68M | 0.00% | −54,347−30.9% | Reduced |
| Omers Administration Corp | 124,671 | $9.94M | 0.07% | 00.0% | Unchanged |
| Franklin Resources Inc | 125,286 | $9.99M | 0.00% | +1,924+1.6% | Added |
| Asset Management One Co.,Ltd. | 124,818 | $10.1M | 0.03% | +1,133+0.9% | Added |
| Resona Asset Management Co.,Ltd. | 126,993 | $10.2M | 0.05% | −1,235−1.0% | Reduced |
| Toronto Dominion Bank | 128,489 | $10.2M | 0.02% | −10,561−7.6% | Reduced |
| Janney Montgomery Scott LLC | 129,759 | $10.3M | 0.02% | +5,894+4.8% | Added |
| Fjarde Ap-Fonden /Fourth Swedish National Pension Fund | 131,743 | $10.5M | 0.09% | −17,800−11.9% | Reduced |
| National Bank of Canada | 134,725 | $10.7M | 0.01% | −48,959−26.7% | Reduced |
| AQR Capital Management LLC | 135,335 | $10.8M | 0.01% | −1,068,983−88.8% | Reduced |
| TD Asset Management Inc | 135,369 | $10.8M | 0.01% | −4,350−3.1% | Reduced |
| Mattern Capital Management, LLC | 137,386 | $10.9M | 1.29% | +5,007+3.8% | Added |
| New York State Common Retirement Fund | 139,418 | $11.1M | 0.01% | +12,700+10.0% | Added |
| Victory Capital Management Inc | 142,515 | $11.4M | 0.01% | −30,770−17.8% | Reduced |
| Prudential Financial Inc | 143,914 | $11.5M | 0.01% | −11,652−7.5% | Reduced |
| Korea Investment CORP | 150,298 | $12.0M | 0.02% | +42,348+39.2% | Added |
| Chevy Chase Trust Holdings, Inc. | 150,366 | $12.0M | 0.03% | +834+0.6% | Added |
| Advisor Group Holdings, Inc. | 153,882 | $12.1M | 0.02% | −28,229−15.5% | Reduced |
| Speece Thorson Capital Group Inc | 157,113 | $12.5M | 2.71% | +62,326+65.8% | Added |
| Sanctuary Advisors, LLC | 158,250 | $12.6M | 0.07% | −176−0.1% | Reduced |
| Quantbot Technologies LP | 158,455 | $12.6M | 0.42% | +149,540+1,677.4% | Added |
| State of Wisconsin Investment Board | 160,455 | $12.8M | 0.03% | −4,640−2.8% | Reduced |
| 1832 Asset Management L.P. | 164,977 | $13.1M | 0.02% | −5,563−3.3% | Reduced |
| Baillie Gifford & Co | 166,161 | $13.2M | 0.01% | +166,161 | New |
| Distillate Capital Partners LLC | 168,060 | $13.4M | 0.69% | −6,172−3.5% | Reduced |
| Running Oak Capital LLC | 168,143 | $13.4M | 1.68% | +572+0.3% | Added |
| Jackson Hill Advisors, LLC | 170,000 | $13.5M | 6.29% | +105,000+161.5% | Added |
| Motley Fool Wealth Management, LLC | 171,782 | $13.7M | 1.06% | −31,040−15.3% | Reduced |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 172,518 | $13.8M | 0.02% | +20,380+13.4% | Added |
| Standard Life Aberdeen plc | 173,615 | $13.8M | 0.02% | −9,949−5.4% | Reduced |
| Mackenzie Financial Corp | 172,852 | $13.8M | 0.02% | +144,576+511.3% | Added |
| Whittier Trust Co | 179,872 | $14.4M | 0.16% | −573−0.3% | Reduced |
| Baird Financial Group, Inc. | 181,163 | $14.4M | 0.02% | +1,774+1.0% | Added |
| State of Tennessee, Treasury Department | 202,621 | $14.6M | 0.05% | +99,153+95.8% | Added |
| Seven Grand Managers, LLC | 187,500 | $14.9M | 1.14% | −187,500−50.0% | Reduced |
| New York State Teachers Retirement System | 191,552 | $15.3M | 0.03% | −12,315−6.0% | Reduced |
| ExodusPoint Capital Management, LP | 194,797 | $15.5M | 0.17% | +107,147+122.2% | Added |
| Summit Wealth Partners, LLC | 201,700 | $16.1M | 2.97% | 00.0% | Unchanged |
| Danske Bank A/S | 202,363 | $16.1M | 0.04% | +19,800+10.8% | Added |
| Candriam Luxembourg S.C.A. | 207,323 | $16.5M | 0.08% | −10,215−4.7% | Reduced |
| SG Americas Securities, LLC | 221,109 | $17.6M | 0.02% | +218,119+7,294.9% | Added |
| APG Asset Management N.V. | 261,387 | $17.7M | 0.05% | −63,423−19.5% | Reduced |
| State Board of Administration of Florida Retirement System | 225,741 | $18.0M | 0.03% | −17,557−7.2% | Reduced |
| Aviva PLC | 239,542 | $19.1M | 0.03% | +11,745+5.2% | Added |
| Truist Financial Corp | 249,304 | $19.9M | 0.03% | −18,834−7.0% | Reduced |
| Pictet Asset Management Holding SA | 258,141 | $20.6M | 0.02% | −67,686−20.8% | Reduced |
| CI Private Wealth, LLC | 260,957 | $20.8M | 0.03% | −80,779−23.6% | Reduced |
| Port Capital LLC | 269,547 | $21.5M | 0.93% | −73,903−21.5% | Reduced |
| Ameriprise Financial Inc | 273,942 | $21.8M | 0.00% | −7,479−2.7% | Reduced |
| Vancity Investment Management Ltd | 275,696 | $22.0M | 2.99% | −14,167−4.9% | Reduced |
| Worldquant Millennium Advisors LLC | 276,143 | $22.0M | 0.09% | +276,143 | New |
| LPL Financial LLC | 277,444 | $22.1M | 0.01% | +15,663+6.0% | Added |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 277,939 | $22.2M | 0.03% | −84,836−23.4% | Reduced |
| FIL Ltd | 279,571 | $22.3M | 0.02% | −65,240−18.9% | Reduced |
| Cortland Associates Inc | 289,445 | $23.1M | 2.91% | +289,445 | New |
| DekaBank Deutsche Girozentrale | 260,347 | $23.3M | 0.04% | 00.0% | Unchanged |
| Stifel Financial Corp | 297,133 | $23.7M | 0.02% | −11,382−3.7% | Reduced |
| Gotham Asset Management, LLC | 300,530 | $24.0M | 0.09% | −195,656−39.4% | Reduced |
| Cresset Asset Management, LLC | 308,555 | $24.6M | 0.10% | −425−0.1% | Reduced |
| Alliancebernstein L.P. | 308,834 | $24.6M | 0.01% | +16,514+5.6% | Added |
| Squarepoint Ops LLC | 312,779 | $24.9M | 0.05% | −3,693−1.2% | Reduced |
| Philo Smith Capital Corp | 317,450 | $25.3M | 6.96% | +25,000+8.5% | Added |
| Russell Investments Group, Ltd. | 318,440 | $25.4M | 0.03% | +37,485+13.3% | Added |
| California State Teachers Retirement System | 348,673 | $27.8M | 0.03% | −52,061−13.0% | Reduced |