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 |
|---|---|---|---|---|---|
| Barr E S & Co | 362,669 | $28.9M | 1.50% | +57,971+19.0% | Added |
| DF Dent & Co Inc | 386,955 | $30.8M | 0.44% | +101,492+35.6% | Added |
| Local Pensions Partnership Investment Ltd | 406,000 | $32.4M | 0.57% | +17,000+4.4% | Added |
| TimesSquare Capital Management, LLC | 409,702 | $32.7M | 0.49% | −79,868−16.3% | Reduced |
| Citigroup Inc | 412,979 | $32.9M | 0.02% | +159,945+63.2% | Added |
| Confluence Investment Management LLC | 413,319 | $32.9M | 0.49% | +114,959+38.5% | Added |
| Mitsubishi UFJ Trust & Banking Corp | 422,384 | $33.7M | 0.08% | −129,225−23.4% | Reduced |
| Osterweis Capital Management Inc | 425,746 | $33.9M | 1.44% | +2,155+0.5% | Added |
| CIBC Asset Management Inc | 432,392 | $34.4M | 0.08% | +355,132+459.7% | Added |
| EULAV Asset Management | 444,900 | $35.5M | 0.95% | 00.0% | Unchanged |
| Abn Amro Investment Solutions | 461,567 | $36.8M | 0.54% | +27,870+6.4% | Added |
| Bank of Montreal | 467,536 | $37.3M | 0.02% | −131,110−21.9% | Reduced |
| Captrust Financial Advisors | 485,153 | $38.7M | 0.07% | −25,091−4.9% | Reduced |
| Nomura Asset Management Co Ltd | 503,259 | $40.1M | 0.10% | +32,020+6.8% | Added |
| National Pension Service | 503,604 | $40.1M | 0.03% | +151,373+43.0% | Added |
| Price T Rowe Associates Inc | 527,749 | $42.1M | 0.00% | −150,328−22.2% | Reduced |
| CBOE Vest Financial, LLC | 552,994 | $44.1M | 0.56% | +19,503+3.7% | Added |
| Clarkston Capital Partners, LLC | 554,060 | $44.2M | 1.02% | −156,010−22.0% | Reduced |
| Snyder Capital Management L P | 555,292 | $44.3M | 0.82% | −7,379−1.3% | Reduced |
| Schwartz Investment Counsel Inc | 555,400 | $44.3M | 1.55% | +23,000+4.3% | Added |
| Amundi | 568,106 | $45.3M | 0.01% | +27,013+5.0% | Added |
| Rhumbline Advisers | 569,029 | $45.4M | 0.04% | −7,743−1.3% | Reduced |
| SEI Investments Co | 570,986 | $45.5M | 0.04% | +76,528+15.5% | Added |
| PFA Pension, Forsikringsaktieselskab | 576,240 | $46.2M | 0.13% | +576,240 | New |
| Congress Asset Management Co | 580,610 | $46.3M | 0.33% | −89,057−13.3% | Reduced |
| Prana Capital Management, LP | 596,403 | $47.5M | 1.73% | −344,438−36.6% | Reduced |
| Nuveen, LLC | 600,510 | $47.9M | 0.01% | −57,225−8.7% | Reduced |
| California Public Employees Retirement System | 605,569 | $48.3M | 0.03% | −94,680−13.5% | Reduced |
| BNP Paribas Arbitrage, SA | 609,825 | $48.6M | 0.03% | +289,638+90.5% | Added |
| HSBC Holdings PLC | 610,737 | $48.7M | 0.03% | +21,643+3.7% | Added |
| Envestnet Asset Management Inc | 625,105 | $49.8M | 0.01% | −88,339−12.4% | Reduced |
| Quantum Capital Management, LLC | 649,855 | $51.8M | 6.00% | +388,059+148.2% | Added |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 671,735 | $52.1M | 0.04% | +29,502+4.6% | Added |
| Dundas Partners LLP | 666,803 | $53.1M | 3.74% | +33,262+5.3% | Added |
| Brown Brothers Harriman & Co | 672,458 | $53.6M | 0.29% | −116,257−14.7% | Reduced |
| Storebrand Asset Management AS | 689,136 | $54.9M | 0.15% | +311,920+82.7% | Added |
| Royal London Asset Management Ltd | 691,574 | $55.1M | 0.12% | −597,276−46.3% | Reduced |
| Millennium Management LLC | 748,610 | $59.7M | 0.04% | +649,911+658.5% | Added |
| Nordea Investment Management AB | 745,960 | $59.7M | 0.05% | −96,404−11.4% | Reduced |
| Giverny Capital Inc.SuperinvestorGiverny Capital | 772,520 | $61.6M | 2.05% | +450,274+139.7% | Added |
| Nomura Asset Management International Inc. | 777,508 | $62.0M | 0.09% | +777,508 | New |
| Swiss National Bank | 793,600 | $63.2M | 0.04% | −62,100−7.3% | Reduced |
| Chilton Investment Co LLC | 827,866 | $66.0M | 1.38% | −802,743−49.2% | Reduced |
| Sumitomo Mitsui Trust Holdings, Inc. | 833,045 | $66.4M | 0.04% | +12,155+1.5% | Added |
| Jain Global LLC | 843,015 | $67.2M | 0.66% | 00.0% | Unchanged |
| Polar Capital Holdings Plc | 925,000 | $73.7M | 0.34% | +250,000+37.0% | Added |
| Verition Fund Management LLC | 928,061 | $74.0M | 0.40% | +151,794+19.6% | Added |
| Rathbone Brothers plc | 980,954 | $78.2M | 0.31% | +186,251+23.4% | Added |
| Raymond James Financial Inc | 1,008,132 | $80.3M | 0.03% | −79,277−7.3% | Reduced |
| Renaissance Technologies LLC | 1,074,000 | $85.6M | 0.13% | +87,000+8.8% | Added |
| Caisse de Depot Et Placement du Quebec | 1,098,158 | $87.5M | 0.15% | −1,241,347−53.1% | Reduced |
| Champlain Investment Partners, LLC | 1,099,310 | $87.6M | 0.89% | +1,099,310 | New |
| Kayne Anderson Rudnick Investment Management LLC | 1,107,903 | $88.3M | 0.24% | −96,227−8.0% | Reduced |
| Healthcare of Ontario Pension Plan Trust Fund | 1,111,607 | $88.6M | 0.15% | −697,267−38.5% | Reduced |
| Legal & General Group Plc | 1,112,254 | $88.6M | 0.02% | −38,717−3.4% | Reduced |
| Tandem Investment Advisors, Inc. | 1,291,818 | $103.0M | 3.83% | −93,396−6.7% | Reduced |
| Natixis Advisors, L.P. | 1,358,086 | $108.2M | 0.15% | +230,464+20.4% | Added |
| Bank of New York Mellon Corp | 1,389,128 | $110.7M | 0.02% | −31,686−2.2% | Reduced |
| Gobi Capital LLC | 1,428,677 | $113.9M | 5.68% | +332,474+30.3% | Added |
| UBS Asset Management Americas Inc | 1,490,755 | $118.8M | 0.03% | −39,014−2.6% | Reduced |
| Dimensional Fund Advisors LP | 1,723,389 | $137.4M | 0.03% | +152,874+9.7% | Added |
| Charles Schwab Investment Management Inc | 1,753,576 | $139.8M | 0.02% | +46,622+2.7% | Added |
| ProShare Advisors LLC | 1,849,673 | $147.4M | 0.26% | +150,004+8.8% | Added |
| UBS Group AG | 1,972,258 | $157.2M | 0.03% | +476,151+31.8% | Added |
| Madison Asset Management, LLC | 1,987,110 | $158.4M | 1.82% | −21,650−1.1% | Reduced |
| Manufacturers Life Insurance Company, The | 2,041,737 | $162.7M | 0.13% | −265,539−11.5% | Reduced |
| Fenimore Asset Management Inc | 2,183,511 | $174.0M | 3.62% | +27,056+1.3% | Added |
| Goldman Sachs Group Inc | 2,184,733 | $174.1M | 0.02% | +55,629+2.6% | Added |
| JPMorgan Chase & Co | 2,422,970 | $193.1M | 0.01% | +491,131+25.4% | Added |
| Northern Trust Corp | 2,456,172 | $195.8M | 0.02% | −146,188−5.6% | Reduced |
| Bank of America Corp | 2,494,762 | $198.8M | 0.01% | −81,645−3.2% | Reduced |
| Allspring Global Investments Holdings, LLC | 2,802,327 | $217.5M | 0.35% | +57,274+2.1% | Added |
| Invesco Ltd. | 2,858,421 | $227.8M | 0.02% | +456,412+19.0% | Added |
| Wells Fargo & Company | 3,009,060 | $239.8M | 0.05% | −195,816−6.1% | Reduced |
| Royal Bank of Canada | 3,396,464 | $270.7M | 0.05% | −1,491,211−30.5% | Reduced |
| Barclays PLC | 3,397,991 | $270.8M | 0.11% | +882,930+35.1% | Added |
| Deutsche Bank AG | 3,929,461 | $313.2M | 0.10% | +1,361,934+53.0% | Added |
| Kempen Capital Management N.V. | 4,538,584 | $361.7M | 3.10% | +2,589,048+132.8% | Added |
| Morgan Stanley | 4,620,122 | $368.2M | 0.02% | −74,467−1.6% | Reduced |
| Capital International Investors | 4,663,165 | $371.7M | 0.06% | +4,663,165 | New |
| Parnassus Investments | 6,204,729 | $494.5M | 1.28% | −630,126−9.2% | Reduced |
| Norges Bank | 6,484,778 | $516.8M | 0.06% | +6,484,778 | New |
| Geode Capital Management, LLC | 7,952,957 | $631.5M | 0.04% | +118,225+1.5% | Added |
| Select Equity Group, L.P. | 9,434,802 | $752.0M | 3.49% | +3,358,403+55.3% | Added |
| FMR LLC | 10,536,563 | $839.8M | 0.04% | −1,416,698−11.9% | Reduced |
| State Street Corp | 13,403,814 | $1.07B | 0.04% | +282,988+2.2% | Added |
| Principal Financial Group Inc | 15,362,548 | $1.22B | 0.63% | −53,642−0.3% | Reduced |
| Capital World Investors | 17,886,395 | $1.43B | 0.19% | +407,006+2.3% | Added |
| BlackRock, Inc. | 21,770,945 | $1.74B | 0.03% | +796,956+3.8% | Added |
| Vanguard Group Inc | 37,634,847 | $3.00B | 0.04% | +303,955+0.8% | Added |
| Burkehill Global Management, LP | 0 | $0 | 0.00% | −750,000−100.0% | Sold out |
| Holocene Advisors, LP | 0 | $0 | 0.00% | −323,374−100.0% | Sold out |
| Susquehanna Portfolio Strategies, LLC | 0 | $0 | 0.00% | −281,531−100.0% | Sold out |
| Capitolis Liquid Global Markets LLC | 0 | $0 | 0.00% | −268,900−100.0% | Sold out |
| Kensico Capital Management Corp | 0 | $0 | 0.00% | −252,000−100.0% | Sold out |
| Renaissance Group LLC | 0 | $0 | 0.00% | −250,065−100.0% | Sold out |
| Ghisallo Capital Management LLC | 0 | $0 | 0.00% | −250,000−100.0% | Sold out |
| Capital Fund Management S.A. | 0 | $0 | 0.00% | −137,444−100.0% | Sold out |
| Zimmer Partners, LP | 0 | $0 | 0.00% | −125,000−100.0% | Sold out |
| Winton Group Ltd | 0 | $0 | 0.00% | −112,808−100.0% | Sold out |