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 |
|---|---|---|---|---|---|
| Bayview Asset Management, LLC | 28,109 | $2.24M | 2.02% | +28,109 | New |
| U.S. Capital Wealth Advisors, LLC | 27,538 | $2.19M | 0.06% | −3,566−11.5% | Reduced |
| T. Rowe Price Investment Management, Inc. | 26,764 | $2.13M | 0.00% | −92,028−77.5% | Reduced |
| Balyasny Asset Management LLC | 26,601 | $2.12M | 0.00% | +10,007+60.3% | Added |
| Ironwood Investment Counsel, LLC | 26,363 | $2.10M | 0.29% | −100−0.4% | Reduced |
| HRT Financial LP | 26,320 | $2.10M | 0.01% | +26,320 | New |
| Delta Global Management LP | 26,228 | $2.09M | 0.15% | +200+0.8% | Added |
| Janus Henderson Group PLC | 26,156 | $2.08M | 0.00% | +611+2.4% | Added |
| GAM Holding AG | 26,110 | $2.08M | 0.13% | +4,818+22.6% | Added |
| Allianz Asset Management GmbH | 24,714 | $1.97M | 0.00% | −237,318−90.6% | Reduced |
| Savant Capital, LLC | 24,608 | $1.96M | 0.01% | −159−0.6% | Reduced |
| Public Employees Retirement Association of Colorado | 24,601 | $1.96M | 0.01% | −147,390−85.7% | Reduced |
| QRG Capital Management, Inc. | 24,432 | $1.95M | 0.02% | +1,731+7.6% | Added |
| Capital International Sarl | 24,270 | $1.93M | 0.03% | 00.0% | Unchanged |
| Invst, LLC | 24,172 | $1.93M | 0.21% | −1,871−7.2% | Reduced |
| Salem Investment Counselors Inc | 24,000 | $1.91M | 0.05% | 00.0% | Unchanged |
| Harbor Advisors LLC | 24,000 | $1.91M | 0.29% | 00.0% | Unchanged |
| WBI Investments | 23,906 | $1.91M | 0.50% | +23,906 | New |
| Pathstone Holdings, LLC | 23,759 | $1.89M | 0.01% | −900−3.6% | Reduced |
| Magnetar Financial LLC | 23,714 | $1.89M | 0.02% | +23,714 | New |
| Roundview Capital LLC | 23,668 | $1.89M | 0.12% | −6,614−21.8% | Reduced |
| Blair William & Co | 23,545 | $1.88M | 0.01% | −430−1.8% | Reduced |
| Ethic Inc. | 23,446 | $1.87M | 0.03% | −1,149−4.7% | Reduced |
| Maridea Wealth Management LLC | 23,442 | $1.87M | 0.28% | +10,905+87.0% | Added |
| STRS Ohio | 23,418 | $1.87M | 0.01% | +16,747+251.0% | Added |
| MML Investors Services, LLC | 23,387 | $1.86M | 0.00% | −5,822−19.9% | Reduced |
| Pacer Advisors, Inc. | 23,058 | $1.84M | 0.00% | −516−2.2% | Reduced |
| Hancock Whitney Corp | 22,850 | $1.82M | 0.03% | −50.0% | Reduced |
| Swiss Life Asset Management Ltd | 22,636 | $1.80M | 0.01% | +2,492+12.4% | Added |
| Nicholson Wealth Management Group, LLC | 22,570 | $1.80M | 1.06% | +5,357+31.1% | Added |
| Prospera Financial Services Inc | 22,125 | $1.76M | 0.03% | +1,411+6.8% | Added |
| Lido Advisors, LLC | 19,252 | $1.76M | 0.01% | +429+2.3% | Added |
| Lombard Odier Asset Management (USA) Corp | 22,001 | $1.75M | 0.71% | −2,230−9.2% | Reduced |
| Mizuho Securities USA LLC | 21,380 | $1.72M | 0.03% | +40+0.2% | Added |
| Cacti Asset Management LLC | 21,000 | $1.70M | 0.10% | 00.0% | Unchanged |
| Allstate Corp | 21,182 | $1.69M | 0.02% | +10,332+95.2% | Added |
| Macquarie Group Ltd | 20,866 | $1.66M | 0.01% | −793,536−97.4% | Reduced |
| Penobscot Investment Management Company, Inc. | 20,763 | $1.65M | 0.12% | −9,060−30.4% | Reduced |
| Northwestern Mutual Wealth Management Co | 20,667 | $1.65M | 0.00% | −1,935−8.6% | Reduced |
| Fiduciary Trust Co | 20,577 | $1.64M | 0.02% | +764+3.9% | Added |
| Summit Trail Advisors, LLC | 20,555 | $1.64M | 0.03% | +268+1.3% | Added |
| We Are One Seven, LLC | 20,408 | $1.63M | 0.03% | −632−3.0% | Reduced |
| Atria Investments LLC | 20,206 | $1.61M | 0.02% | −7,390−26.8% | Reduced |
| Fairbanks Capital Management, Inc. | 20,138 | $1.60M | 0.88% | −238−1.2% | Reduced |
| Callan Family Office, LLC | 20,117 | $1.60M | 0.03% | +4,938+32.5% | Added |
| Ironvine Capital Partners, LLC | 19,968 | $1.59M | 0.16% | +2,772+16.1% | Added |
| Third View Private Wealth, LLC | 19,865 | $1.58M | 0.21% | +19,865 | New |
| Glenmede Trust Co NA | 19,691 | $1.57M | 0.01% | +19,691 | New |
| Trueblood Wealth Management, LLC | 19,675 | $1.57M | 0.61% | +121+0.6% | Added |
| Investment Management Corp of Ontario | 19,482 | $1.55M | 0.02% | +5,584+40.2% | Added |
| Toroso Investments, LLC | 19,232 | $1.53M | 0.01% | −4,441−18.8% | Reduced |
| IFP Advisors, Inc | 19,217 | $1.53M | 0.03% | −1,554−7.5% | Reduced |
| WCM Investment Management, LLC | 19,065 | $1.53M | 0.00% | −11,733−38.1% | Reduced |
| Farringdon Capital, Ltd. | 18,784 | $1.50M | 0.37% | −690−3.5% | Reduced |
| Intesa Sanpaolo Wealth Management | 18,701 | $1.49M | 0.31% | +18,701 | New |
| Elo Mutual Pension Insurance Co | 18,693 | $1.49M | 0.02% | +18,693 | New |
| Teachers Retirement System of the State of Kentucky | 18,618 | $1.48M | 0.01% | 00.0% | Unchanged |
| M&T Bank Corp | 18,546 | $1.48M | 0.00% | +8,859+91.5% | Added |
| Wealth Enhancement Advisory Services, LLC | 17,781 | $1.43M | 0.00% | −19,067−51.7% | Reduced |
| FORA Capital, LLC | 17,771 | $1.42M | 0.17% | −10,692−37.6% | Reduced |
| Ameritas Investment Partners, Inc. | 17,703 | $1.41M | 0.04% | −415−2.3% | Reduced |
| Skopos Labs, Inc. | 17,290 | $1.40M | 0.06% | +11,460+196.6% | Added |
| Ameriflex Group, Inc. | 17,525 | $1.40M | 0.73% | −17,655−50.2% | Reduced |
| Kentucky Retirement Systems | 17,516 | $1.40M | 0.04% | 00.0% | Unchanged |
| Boston Partners | 17,252 | $1.37M | 0.00% | −1,570,698−98.9% | Reduced |
| Hartford Investment Management Co | 17,143 | $1.37M | 0.04% | −113−0.7% | Reduced |
| Metis Global Partners, LLC | 16,956 | $1.35M | 0.03% | −621−3.5% | Reduced |
| Incline Global Management LLC | 16,872 | $1.34M | 0.46% | −148,953−89.8% | Reduced |
| Zacks Investment Management | 16,752 | $1.34M | 0.01% | −1,102−6.2% | Reduced |
| Eurizon Capital SGR S.p.A. | 16,716 | $1.33M | 0.00% | +16,716 | New |
| Canada Pension Plan Investment Board | 16,510 | $1.32M | 0.00% | −176,881−91.5% | Reduced |
| Evermay Wealth Management LLC | 16,495 | $1.31M | 0.15% | 00.0% | Unchanged |
| Quantitative Investment Management, LLC | 16,444 | $1.31M | 0.13% | +13,783+518.0% | Added |
| Norinchukin Bank, The | 16,004 | $1.28M | 0.01% | +728+4.8% | Added |
| RSM US Wealth Management LLC | 15,751 | $1.26M | 0.02% | +706+4.7% | Added |
| Westwood Holdings Group Inc. | 15,795 | $1.26M | 0.01% | −2,346−12.9% | Reduced |
| GenTrust, LLC | 15,687 | $1.25M | 0.05% | −1,307−7.7% | Reduced |
| Prudential PLC | 15,629 | $1.25M | 0.01% | +5,024+47.4% | Added |
| Cyndeo Wealth Partners, LLC | 15,557 | $1.24M | 0.07% | −41−0.3% | Reduced |
| Panagora Asset Management Inc | 15,535 | $1.24M | 0.00% | −14,091−47.6% | Reduced |
| Schroder Investment Management Group | 15,350 | $1.23M | 0.00% | −7,612−33.2% | Reduced |
| Gulf International Bank (UK) Ltd | 15,358 | $1.22M | 0.04% | 00.0% | Unchanged |
| Keybank National Association | 15,289 | $1.22M | 0.00% | −643−4.0% | Reduced |
| Greenleaf Trust | 15,148 | $1.21M | 0.01% | +208+1.4% | Added |
| Concurrent Investment Advisors, LLC | 15,126 | $1.21M | 0.01% | +3,614+31.4% | Added |
| Louisiana State Employees Retirement System | 15,000 | $1.20M | 0.02% | −400−2.6% | Reduced |
| Wedge Capital Management L L P | 14,832 | $1.18M | 0.02% | +2,895+24.3% | Added |
| Oppenheimer Asset Management Inc. | 14,777 | $1.18M | 0.01% | −2,182−12.9% | Reduced |
| United Capital Financial Advisers, LLC | 14,635 | $1.17M | 0.01% | +4,848+49.5% | Added |
| Everence Capital Management Inc | 14,628 | $1.17M | 0.07% | +3,525+31.7% | Added |
| Peninsula Asset Management Inc | 14,545 | $1.16M | 0.59% | −10,085−40.9% | Reduced |
| Oak Thistle LLC | 14,506 | $1.16M | 0.16% | −12,127−45.5% | Reduced |
| Wealthfront Advisers LLC | 14,481 | $1.15M | 0.00% | +2,876+24.8% | Added |
| Brown Advisory Inc | 14,322 | $1.14M | 0.00% | +10,205+247.9% | Added |
| Ostrum Asset Management | 14,107 | $1.12M | 0.05% | −4,674−24.9% | Reduced |
| HB Wealth Management, LLC | 13,926 | $1.11M | 0.01% | −3,852−21.7% | Reduced |
| Maryland State Retirement & Pension System | 13,909 | $1.11M | 0.02% | 00.0% | Unchanged |
| Sequoia Financial Advisors, LLC | 13,794 | $1.10M | 0.01% | +2,858+26.1% | Added |
| AG2R la Mondiale Gestion D'Actifs | 13,632 | $1.09M | 0.05% | +2,646+24.1% | Added |
| Logan Capital Management Inc | 13,621 | $1.09M | 0.05% | −3,648−21.1% | Reduced |