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 |
|---|---|---|---|---|---|
| Czech National Bank | 77,423 | $6.17M | 0.04% | +3,008+4.0% | Added |
| State of Michigan Retirement System | 76,851 | $6.13M | 0.03% | −2,400−3.0% | Reduced |
| Public Sector Pension Investment Board | 74,904 | $5.97M | 0.02% | +11,680+18.5% | Added |
| Jones Financial Companies LLLP | 74,583 | $5.95M | 0.00% | +459+0.6% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 72,951 | $5.81M | 0.01% | +591+0.8% | Added |
| Bank of Nova Scotia | 72,147 | $5.75M | 0.01% | −302,425−80.7% | Reduced |
| MetLife Investment Management | 71,779 | $5.72M | 0.03% | −2,080−2.8% | Reduced |
| Guggenheim Capital LLC | 71,752 | $5.72M | 0.04% | −30,322−29.7% | Reduced |
| Sawgrass Asset Management LLC | 71,129 | $5.67M | 0.71% | +15,732+28.4% | Added |
| Neuberger Berman Group LLC | 70,714 | $5.64M | 0.00% | −2,636−3.6% | Reduced |
| Walleye Capital LLC | 69,411 | $5.53M | 0.03% | +69,411 | New |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 68,298 | $5.44M | 0.03% | −2,062−2.9% | Reduced |
| Tower Bridge Advisors | 67,970 | $5.42M | 0.55% | −37,168−35.4% | Reduced |
| Hantz Financial Services, Inc. | 66,271 | $5.28M | 0.08% | −12,540−15.9% | Reduced |
| Comerica Bank | 66,021 | $5.26M | 0.02% | −2,316−3.4% | Reduced |
| Capital International Inc | 64,880 | $5.17M | 0.04% | +64,880 | New |
| Westbourne Investment Advisors, Inc. | 63,849 | $5.09M | 1.40% | +3,885+6.5% | Added |
| Rockefeller Capital Management L.P. | 62,498 | $4.98M | 0.01% | +38,732+163.0% | Added |
| Vaughan Nelson Investment Management, L.P. | 62,475 | $4.98M | 0.05% | +10,250+19.6% | Added |
| Retirement Systems of Alabama | 62,464 | $4.98M | 0.02% | −37−0.1% | Reduced |
| Fuller & Thaler Asset Management, Inc. | 60,380 | $4.81M | 0.02% | +15,096+33.3% | Added |
| Stonebridge Financial Group, LLC | 59,312 | $4.73M | 0.40% | +2,989+5.3% | Added |
| D. E. Shaw & Co., Inc. | 58,334 | $4.65M | 0.00% | −207,261−78.0% | Reduced |
| Mirae Asset Global Investments Co., Ltd. | 58,320 | $4.65M | 0.01% | +9,720+20.0% | Added |
| DnB Asset Management AS | 57,988 | $4.62M | 0.02% | +506+0.9% | Added |
| Skandinaviska Enskilda Banken AB (publ) | 57,745 | $4.60M | 0.02% | −15,397−21.1% | Reduced |
| MUFG Securities EMEA plc | 57,425 | $4.58M | 0.05% | +51,817+924.0% | Added |
| CIBC Private Wealth Group, LLC | 55,575 | $4.43M | 0.01% | −6,078−9.9% | Reduced |
| GWM Advisors LLC | 55,150 | $4.40M | 0.02% | −3,928−6.6% | Reduced |
| Amalgamated Bank | 55,133 | $4.39M | 0.03% | −2,445−4.2% | Reduced |
| Campbell & CO Investment Adviser LLC | 55,093 | $4.39M | 0.21% | +55,093 | New |
| Wilson Asset Management (International) Pty Ltd | 54,440 | $4.34M | 1.11% | 00.0% | Unchanged |
| Triad Investment Management | 54,122 | $4.31M | 4.37% | +54,122 | New |
| The PNC Financial Services Group, Inc. | 53,993 | $4.30M | 0.00% | +1,271+2.4% | Added |
| Forsta Ap-Fonden | 53,700 | $4.28M | 0.03% | −4,800−8.2% | Reduced |
| Benjamin Edwards Inc | 53,608 | $4.27M | 0.05% | −3,896−6.8% | Reduced |
| Nisa Investment Advisors, LLC | 52,818 | $4.21M | 0.01% | +3,392+6.9% | Added |
| IFM Investors Pty Ltd | 52,619 | $4.19M | 0.03% | +361+0.7% | Added |
| Ensign Peak Advisors, Inc | 52,284 | $4.17M | 0.01% | −89,915−63.2% | Reduced |
| Intech Investment Management LLC | 51,840 | $4.13M | 0.04% | −73,164−58.5% | Reduced |
| British Columbia Investment Management Corp | 51,303 | $4.09M | 0.02% | +8,647+20.3% | Added |
| Cerity Partners LLC | 51,270 | $4.09M | 0.01% | −25,715−33.4% | Reduced |
| O'Shaughnessy Asset Management, LLC | 50,914 | $4.06M | 0.02% | −11,257−18.1% | Reduced |
| Daiwa Securities Group Inc. | 50,133 | $4.00M | 0.01% | +875+1.8% | Added |
| Southeast Asset Advisors Inc. | 48,683 | $3.88M | 0.37% | +10,984+29.1% | Added |
| Xponance, Inc. | 47,954 | $3.82M | 0.03% | +2,909+6.5% | Added |
| Charter Trust Co | 46,880 | $3.74M | 0.22% | −62,366−57.1% | Reduced |
| Utah Retirement Systems | 46,613 | $3.72M | 0.04% | +551+1.2% | Added |
| WealthPlan Investment Management, LLC | 46,600 | $3.71M | 0.24% | −52,539−53.0% | Reduced |
| Wiley Bros.-Aintree Capital, LLC | 45,593 | $3.63M | 0.02% | −2,862−5.9% | Reduced |
| KBC Group NV | 45,146 | $3.60M | 0.01% | +325+0.7% | Added |
| Park National Corp | 44,675 | $3.56M | 0.11% | −1,450−3.1% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 44,495 | $3.55M | 0.03% | −104−0.2% | Reduced |
| Stephens Inc | 44,028 | $3.51M | 0.04% | +1,284+3.0% | Added |
| Leavell Investment Management, Inc. | 43,891 | $3.50M | 0.15% | −416−0.9% | Reduced |
| Susquehanna International Group, LLP | 43,472 | $3.46M | 0.00% | +14,910+52.2% | Added |
| Edgestream Partners, L.P. | 42,233 | $3.37M | 0.09% | +42,233 | New |
| XTX Topco Ltd | 41,738 | $3.33M | 0.09% | +37,631+916.3% | Added |
| Jump Financial, LLC | 41,314 | $3.29M | 0.04% | +41,314 | New |
| First National Bank of Omaha | 40,983 | $3.27M | 0.10% | −768−1.8% | Reduced |
| CIBC World Markets Corp | 40,704 | $3.24M | 0.02% | +40,704 | New |
| New York Life Investment Management LLC | 40,194 | $3.20M | 0.03% | +466+1.2% | Added |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 39,981 | $3.19M | 0.03% | −96−0.2% | Reduced |
| Mutual of America Capital Management LLC | 39,272 | $3.13M | 0.03% | −1,561−3.8% | Reduced |
| Rakuten Investment Management, Inc. | 38,456 | $3.11M | 0.01% | −202,958−84.1% | Reduced |
| Nissay Asset Management Corp | 38,359 | $3.06M | 0.02% | −129−0.3% | Reduced |
| HWG Holdings LP | 37,640 | $3.00M | 0.73% | −29,461−43.9% | Reduced |
| Agf Management Ltd | 36,938 | $2.94M | 0.01% | +3,262+9.7% | Added |
| Bessemer Group Inc | 36,685 | $2.92M | 0.00% | +13,665+59.4% | Added |
| Cetera Investment Advisers | 36,493 | $2.91M | 0.00% | −9,006−19.8% | Reduced |
| Advisory Services Network, LLC | 36,004 | $2.87M | 0.04% | +8,921+32.9% | Added |
| Integrity Financial Corp | 35,777 | $2.85M | 1.44% | +10.0% | Added |
| First National Advisers, LLC | 35,009 | $2.79M | 0.38% | −1,089−3.0% | Reduced |
| UniSuper Management Pty Ltd | 34,530 | $2.75M | 0.02% | −150.0% | Reduced |
| Cim, LLC | 34,296 | $2.73M | 0.36% | +5,511+19.1% | Added |
| Legacy Financial Strategies, LLC | 34,212 | $2.73M | 0.48% | −1,772−4.9% | Reduced |
| Independent Advisor Alliance | 33,805 | $2.69M | 0.07% | +162+0.5% | Added |
| Oregon Public Employees Retirement Fund | 33,652 | $2.68M | 0.03% | +100+0.3% | Added |
| Tredje AP-fonden | 33,439 | $2.67M | 0.02% | +4,535+15.7% | Added |
| Davidson Kahn Capital Management, LLC | 33,290 | $2.65M | 1.38% | +7,822+30.7% | Added |
| Gator Capital Management, LLC | 33,171 | $2.64M | 0.55% | +33,171 | New |
| OP Asset Management Ltd | 33,119 | $2.64M | 0.03% | +1,470+4.6% | Added |
| Aquatic Capital Management LLC | 32,890 | $2.62M | 0.07% | +32,890 | New |
| Summit Financial, LLC | 32,132 | $2.56M | 0.04% | −522−1.6% | Reduced |
| JustInvest LLC | 32,111 | $2.56M | 0.02% | +4,515+16.4% | Added |
| Mogy Joel R Investment Counsel Inc | 31,306 | $2.50M | 0.14% | −5,391−14.7% | Reduced |
| M Holdings Securities, Inc. | 31,311 | $2.50M | 0.18% | +31,311 | New |
| NEOS Investment Management LLC | 31,214 | $2.49M | 0.01% | +4,944+18.8% | Added |
| WealthPLAN Partners, LLC | 30,491 | $2.43M | 0.36% | −6,079−16.6% | Reduced |
| Avanza Fonder AB | 30,139 | $2.40M | 0.06% | +7,949+35.8% | Added |
| HighTower Advisors, LLC | 30,049 | $2.39M | 0.00% | −315−1.0% | Reduced |
| Cambridge Investment Research Advisors, Inc. | 29,617 | $2.36M | 0.01% | −641−2.1% | Reduced |
| Elser Financial Planning, Inc | 29,533 | $2.35M | 1.73% | +40.0% | Added |
| Transcend Wealth Collective, LLC | 29,410 | $2.34M | 0.18% | +24,733+528.8% | Added |
| Davenport & Co LLC | 29,399 | $2.34M | 0.01% | −4,674−13.7% | Reduced |
| Coldstream Capital Management Inc | 29,251 | $2.33M | 0.03% | +19+0.1% | Added |
| State of Alaska, Department of Revenue | 28,998 | $2.31M | 0.02% | −2,250−7.2% | Reduced |
| Crawford Investment Counsel Inc | 28,750 | $2.29M | 0.04% | +170+0.6% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 28,314 | $2.26M | 0.00% | +2,153+8.2% | Added |
| Steward Partners Investment Advisory, LLC | 28,268 | $2.25M | 0.01% | +61+0.2% | Added |