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 |
|---|---|---|---|---|---|
| FIL Ltd | 279,571 | $22.3M | 0.02% | −65,240−18.9% | Reduced |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 277,939 | $22.2M | 0.03% | −84,836−23.4% | Reduced |
| LPL Financial LLC | 277,444 | $22.1M | 0.01% | +15,663+6.0% | Added |
| Worldquant Millennium Advisors LLC | 276,143 | $22.0M | 0.09% | +276,143 | New |
| Vancity Investment Management Ltd | 275,696 | $22.0M | 2.99% | −14,167−4.9% | Reduced |
| Ameriprise Financial Inc | 273,942 | $21.8M | 0.00% | −7,479−2.7% | Reduced |
| Port Capital LLC | 269,547 | $21.5M | 0.93% | −73,903−21.5% | Reduced |
| CI Private Wealth, LLC | 260,957 | $20.8M | 0.03% | −80,779−23.6% | Reduced |
| Pictet Asset Management Holding SA | 258,141 | $20.6M | 0.02% | −67,686−20.8% | Reduced |
| Truist Financial Corp | 249,304 | $19.9M | 0.03% | −18,834−7.0% | Reduced |
| Aviva PLC | 239,542 | $19.1M | 0.03% | +11,745+5.2% | Added |
| State Board of Administration of Florida Retirement System | 225,741 | $18.0M | 0.03% | −17,557−7.2% | Reduced |
| APG Asset Management N.V. | 261,387 | $17.7M | 0.05% | −63,423−19.5% | Reduced |
| SG Americas Securities, LLC | 221,109 | $17.6M | 0.02% | +218,119+7,294.9% | Added |
| Candriam Luxembourg S.C.A. | 207,323 | $16.5M | 0.08% | −10,215−4.7% | Reduced |
| Danske Bank A/S | 202,363 | $16.1M | 0.04% | +19,800+10.8% | Added |
| Summit Wealth Partners, LLC | 201,700 | $16.1M | 2.97% | 00.0% | Unchanged |
| ExodusPoint Capital Management, LP | 194,797 | $15.5M | 0.17% | +107,147+122.2% | Added |
| New York State Teachers Retirement System | 191,552 | $15.3M | 0.03% | −12,315−6.0% | Reduced |
| Seven Grand Managers, LLC | 187,500 | $14.9M | 1.14% | −187,500−50.0% | Reduced |
| State of Tennessee, Treasury Department | 202,621 | $14.6M | 0.05% | +99,153+95.8% | Added |
| Baird Financial Group, Inc. | 181,163 | $14.4M | 0.02% | +1,774+1.0% | Added |
| Whittier Trust Co | 179,872 | $14.4M | 0.16% | −573−0.3% | Reduced |
| Mackenzie Financial Corp | 172,852 | $13.8M | 0.02% | +144,576+511.3% | Added |
| Standard Life Aberdeen plc | 173,615 | $13.8M | 0.02% | −9,949−5.4% | Reduced |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 172,518 | $13.8M | 0.02% | +20,380+13.4% | Added |
| Motley Fool Wealth Management, LLC | 171,782 | $13.7M | 1.06% | −31,040−15.3% | Reduced |
| Jackson Hill Advisors, LLC | 170,000 | $13.5M | 6.29% | +105,000+161.5% | Added |
| Running Oak Capital LLC | 168,143 | $13.4M | 1.68% | +572+0.3% | Added |
| Distillate Capital Partners LLC | 168,060 | $13.4M | 0.69% | −6,172−3.5% | Reduced |
| Baillie Gifford & Co | 166,161 | $13.2M | 0.01% | +166,161 | New |
| 1832 Asset Management L.P. | 164,977 | $13.1M | 0.02% | −5,563−3.3% | Reduced |
| State of Wisconsin Investment Board | 160,455 | $12.8M | 0.03% | −4,640−2.8% | Reduced |
| Quantbot Technologies LP | 158,455 | $12.6M | 0.42% | +149,540+1,677.4% | Added |
| Sanctuary Advisors, LLC | 158,250 | $12.6M | 0.07% | −176−0.1% | Reduced |
| Speece Thorson Capital Group Inc | 157,113 | $12.5M | 2.71% | +62,326+65.8% | Added |
| Advisor Group Holdings, Inc. | 153,882 | $12.1M | 0.02% | −28,229−15.5% | Reduced |
| Chevy Chase Trust Holdings, Inc. | 150,366 | $12.0M | 0.03% | +834+0.6% | Added |
| Korea Investment CORP | 150,298 | $12.0M | 0.02% | +42,348+39.2% | Added |
| Prudential Financial Inc | 143,914 | $11.5M | 0.01% | −11,652−7.5% | Reduced |
| Victory Capital Management Inc | 142,515 | $11.4M | 0.01% | −30,770−17.8% | Reduced |
| New York State Common Retirement Fund | 139,418 | $11.1M | 0.01% | +12,700+10.0% | Added |
| Mattern Capital Management, LLC | 137,386 | $10.9M | 1.29% | +5,007+3.8% | Added |
| TD Asset Management Inc | 135,369 | $10.8M | 0.01% | −4,350−3.1% | Reduced |
| AQR Capital Management LLC | 135,335 | $10.8M | 0.01% | −1,068,983−88.8% | Reduced |
| National Bank of Canada | 134,725 | $10.7M | 0.01% | −48,959−26.7% | Reduced |
| Fjarde Ap-Fonden /Fourth Swedish National Pension Fund | 131,743 | $10.5M | 0.09% | −17,800−11.9% | Reduced |
| Janney Montgomery Scott LLC | 129,759 | $10.3M | 0.02% | +5,894+4.8% | Added |
| Toronto Dominion Bank | 128,489 | $10.2M | 0.02% | −10,561−7.6% | Reduced |
| Resona Asset Management Co.,Ltd. | 126,993 | $10.2M | 0.05% | −1,235−1.0% | Reduced |
| Asset Management One Co.,Ltd. | 124,818 | $10.1M | 0.03% | +1,133+0.9% | Added |
| Franklin Resources Inc | 125,286 | $9.99M | 0.00% | +1,924+1.6% | Added |
| Omers Administration Corp | 124,671 | $9.94M | 0.07% | 00.0% | Unchanged |
| Wellington Management Group LLP | 121,446 | $9.68M | 0.00% | −54,347−30.9% | Reduced |
| Treasurer of the State of North Carolina | 120,997 | $9.64M | 0.03% | −4,439−3.5% | Reduced |
| Taikang Asset Management (Hong Kong) Co Ltd | 120,345 | $9.59M | 0.95% | −10,633−8.1% | Reduced |
| Great West Life Assurance Co | 119,469 | $9.52M | 0.02% | −47,703−28.5% | Reduced |
| Umb Bank N A | 118,876 | $9.47M | 0.13% | −68−0.1% | Reduced |
| Credit Agricole S A | 118,156 | $9.42M | 0.03% | −151,508−56.2% | Reduced |
| Commonwealth Equity Services, LLC | 115,317 | $9.19M | 0.01% | −64,836−36.0% | Reduced |
| Close Asset Management Ltd | 114,119 | $9.10M | 0.20% | −972,569−89.5% | Reduced |
| Sterling Capital Management LLC | 114,035 | $9.09M | 0.15% | −20,537−15.3% | Reduced |
| Vaughan David Investments LLC | 113,372 | $9.04M | 0.20% | 00.0% | Unchanged |
| Quantinno Capital Management LP | 113,037 | $9.01M | 0.02% | +1,533+1.4% | Added |
| Citadel Advisors LLC | 112,759 | $8.99M | 0.01% | +52,308+86.5% | Added |
| Y-Intercept (Hong Kong) Ltd | 111,925 | $8.92M | 0.20% | +100,135+849.3% | Added |
| Lountzis Asset Management, LLC | 107,639 | $8.58M | 3.05% | −961−0.9% | Reduced |
| Yousif Capital Management, LLC | 103,324 | $8.17M | 0.09% | −1,630−1.6% | Reduced |
| KLP Kapitalforvaltning AS | 101,700 | $8.11M | 0.03% | 00.0% | Unchanged |
| Spring Capital Management, LLC | 101,631 | $8.10M | 4.10% | +1,121+1.1% | Added |
| Copeland Capital Management, LLC | 101,563 | $8.09M | 0.18% | −6,540−6.0% | Reduced |
| Voya Investment Management LLC | 101,223 | $8.07M | 0.01% | −6,977−6.4% | Reduced |
| LRZ Capital LLC | 101,000 | $8.05M | 3.63% | +101,000 | New |
| Creative Planning | 99,455 | $7.93M | 0.01% | +4,275+4.5% | Added |
| State of New Jersey Common Pension Fund D | 98,788 | $7.87M | 0.03% | −5,126−4.9% | Reduced |
| GHP Investment Advisors, Inc. | 96,928 | $7.73M | 0.32% | +26,887+38.4% | Added |
| Channing Capital Management, LLC | 95,267 | $7.59M | 0.20% | +95,267 | New |
| Cornerstone Advisors, LLC | 95,028 | $7.57M | 0.25% | +95,028 | New |
| Moran Wealth Management, LLC | 93,521 | $7.45M | 0.23% | +93,521 | New |
| Cooper Investors Pty Ltd | 92,540 | $7.38M | 2.45% | 00.0% | Unchanged |
| Mn Services Vermogensbeheer B.V. | 92,248 | $7.35M | 0.05% | +1,248+1.4% | Added |
| Pictet North America Advisors SA | 92,125 | $7.34M | 0.70% | −6,712−6.8% | Reduced |
| Redwood Grove Capital, LLC | 92,000 | $7.33M | 2.09% | +92,000 | New |
| Terry L. Blaker | 90,746 | $7.23M | 0.27% | −1,158−1.3% | Reduced |
| Rafferty Asset Management, LLC | 89,577 | $7.14M | 0.02% | −7,936−8.1% | Reduced |
| Whittier Trust Co of Nevada Inc | 88,656 | $7.12M | 0.15% | +110.0% | Added |
| Heron Bay Capital Management | 89,190 | $7.11M | 1.36% | −151−0.2% | Reduced |
| Lansforsakringar Fondforvaltning AB (publ) | 88,571 | $7.06M | 0.03% | +30.0% | Added |
| Kennedy Capital Management, Inc. | 87,959 | $7.01M | 0.15% | −3,044−3.3% | Reduced |
| US Bancorp | 87,858 | $7.00M | 0.01% | −879−1.0% | Reduced |
| BCM Advisors, LLC | 88,234 | $6.99M | 1.34% | −240.0% | Reduced |
| Public Employees Retirement System of Ohio | 86,922 | $6.93M | 0.02% | −237−0.3% | Reduced |
| Boston Trust Walden Corp | 86,294 | $6.88M | 0.05% | +18,627+27.5% | Added |
| Handelsbanken Fonder AB | 82,134 | $6.55M | 0.02% | −53,800−39.6% | Reduced |
| Marks Group Wealth Management, Inc | 80,601 | $6.42M | 0.62% | −6,066−7.0% | Reduced |
| PensionDanmark Pensionsforsikringsaktieselskab | 80,280 | $6.40M | 0.06% | +80,280 | New |
| Diamond Hill Capital Management Inc | 79,697 | $6.35M | 0.03% | 00.0% | Unchanged |
| Arizona State Retirement System | 79,468 | $6.33M | 0.03% | −8,334−9.5% | Reduced |
| Mariner, LLC | 78,182 | $6.23M | 0.01% | +3,492+4.7% | Added |
| Motley Fool Asset Management LLC | 77,473 | $6.17M | 0.24% | −10,190−11.6% | Reduced |