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BRO in the 13F filings

Brown & Brown Inc · CUSIP 115236101

Sector · InsuranceTheme · Financial services· L3VLUP-defined
Quarter
Q3 2026 · early filersQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 23 Jan 2026
Managers listing it
25
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 6 listed it in both
Shares listed
36,400,545
combined, among listed positions
Reported value
$2.9bn
combined, at the quarter end

Among the 92 comparable managers: 17 buyers (opened or added shares) and 15 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -1,121,174.

Managers listing BRO in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

25 of 25 holders

ActionFiling
Capital World Investors17,886,395$1.4bn0.19%Added+407,00611 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)10,536,563$840munder 0.1%Trimmed-1,416,69817 Feb 2026 (the filing on sec.gov)
Invesco Ltd2,858,421$228munder 0.1%Added+456,41219 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC1,074,000$86m0.13%Added+87,00012 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC928,061$74m0.29%Added+151,79413 Feb 2026 (the filing on sec.gov)
Millennium Management LLC748,610$60munder 0.1%Added+649,91117 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc527,749$42munder 0.1%Trimmed-150,32817 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC312,779$25munder 0.1%Trimmed-3,69313 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP308,834$25munder 0.1%Added+16,51417 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP194,797$16m0.12%Added+107,14717 Feb 2026 (the filing on sec.gov)
Baillie Gifford & Co166,161$13munder 0.1%Newnew23 Jan 2026 (the filing on sec.gov)
Quantbot Technologies LP158,455$13m0.42%Added+149,54010 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC135,335$11munder 0.1%Trimmed-1,068,98317 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP121,446$9.7munder 0.1%Trimmed-54,34717 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC112,759$9.0munder 0.1%Added+52,30817 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC70,714$5.6munder 0.1%Trimmed-2,63627 Oct 2026 (the filing on sec.gov)
Walleye Capital LLC69,411$5.5munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.58,334$4.6munder 0.1%Trimmed-207,26117 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP43,472$3.5munder 0.1%Added+14,91017 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC26,601$2.1munder 0.1%Added+10,00717 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd26,156$2.1munder 0.1%Added+61117 Feb 2026 (the filing on sec.gov)
Markel Group Inc11,000$877kunder 0.1%Newnew6 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC10,083$804kunder 0.1%Added+82412 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP8,429$672kunder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP5,980$477kunder 0.1%Trimmed-33,65413 Feb 2026 (the filing on sec.gov)

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

New (4)

Exited (7)

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
8 in Q3 2024 to 13 in Q2 2026

Tracked managers listing it, at least.

01020302014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
BRO by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20136$354mn.a.n.a.
Q3 20138$278mn.a.n.a.
Q4 20137$353mn.a.n.a.
Q1 20147$295mn.a.n.a.
Q2 20148$264mn.a.n.a.
Q3 20146$270mn.a.n.a.
Q4 20146$318mn.a.n.a.
Q1 20155$288mn.a.n.a.
Q2 20152$300mn.a.n.a.
Q3 20153$293mn.a.n.a.
Q4 20153$269mn.a.n.a.
Q1 20164$314mn.a.n.a.
Q2 20163$280mn.a.n.a.
Q3 20163$291mn.a.n.a.
Q4 20166$446mn.a.n.a.
Q1 20177$498mn.a.n.a.
Q2 20176$628mn.a.n.a.
Q3 20175$684mn.a.n.a.
Q4 201710$859mn.a.n.a.
Q1 20187$761mn.a.n.a.
Q2 20186$812mn.a.n.a.
Q3 20188$809mn.a.n.a.
Q4 20185$712mn.a.n.a.
Q1 20195$601mn.a.n.a.
Q2 201910$850mn.a.n.a.
Q3 201913$842mn.a.n.a.
Q4 20195$740mn.a.n.a.
Q1 20207$577mn.a.n.a.
Q2 20203$566mn.a.n.a.
Q3 20203$642mn.a.n.a.
Q4 202010$751mn.a.n.a.
Q1 202110$775mn.a.n.a.
Q2 202110$890mn.a.n.a.
Q3 202111$1.0bnn.a.n.a.
Q4 202110$1.2bnn.a.n.a.
Q1 20227$1.2bnn.a.n.a.
Q2 20229$801mn.a.n.a.
Q3 202210$720mn.a.n.a.
Q4 202210$720mn.a.n.a.
Q1 202310$649mn.a.n.a.
Q2 20238$427mn.a.n.a.
Q3 202310$634mn.a.n.a.
Q4 202311$558m64
Q1 20248$546m35
Q2 20245$493m32
Q3 20248$1.2bn72
Q4 202410$1.2bn54
Q1 20255$1.9bn42
Q2 202521$4.6bn212
Q3 202510$3.1bn76
Q4 20258$2.5bn1715
Q1 202614$3.4bn2212
Q2 202613$3.5bn1618

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

BRO and V →BRO and AXP →BRO and BAC →Choose a stock to compare with BRO →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own BRO, latest filings →Back to the 13F Explorer →