Free · no sign-up · Q2 2026

Which funds own BRO

Brown & Brown Inc in the Q2 2026 filings. At least 4 of the 91 current managers on file reported a position, worth $1.7bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.

Managers holding: 4; at least, of 91 current
Combined value: $1.7bn; as reported
Opened: 1; new this quarter
Added to: 1; already held
Trimmed or sold out: 3; 2 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Managers reporting a position

Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.

Manager	Value	Weight	Shares	Change on the quarter	Action
Capital World Investors Long-only · $846bn book	$928m	0.1%	14,465,915	-$148m-2,028,007	Trimmed
First Eagle Investment Management LLC Activist · $60.8bn book	$752m	1.2%	11,727,514	+$177m+2,904,352	Added
Element Capital Management LLC Macro · $3.2bn book	$5.0m	0.2%	78,300	opened78,300	New
Markel Group Inc Activist · $13.1bn book	$900k	0.0%	14,000	unchanged0	Held

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

Verition Fund Management LLC · Multi-strategy$71m held before
ExodusPoint Capital Management LP · Multi-strategy$9.0m held before

Ownership through time

At least 13 of the 95 managers whose filings are on file listed BRO in Q2 2026, against 5 in Q2 2013. 1 manager fewer than in Q1 2026: 1 started a position; 1 listed it again; 1 sold out, by its own filing; 2 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.

Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.

Started in Q2 2026

Element Capital Management LLC$5.0m

Largest increases, by shares

First Eagle Investment Management LLC8,823,162 to 11,727,514 shares+$186m
Fidelity (FMR LLC)16,050,696 to 18,405,749 shares+$151m
Two Sigma Investments LP1,165,284 to 1,993,822 shares+$53m
MFS Investment Management1,537,185 to 2,169,415 shares+$41m
Element Capital Management LLCnew: 78,300 shares+$5.0m

Largest decreases, by shares

Capital World Investors16,493,922 to 14,465,915 shares-$130m
Renaissance Technologies LLC1,573,902 to 904,200 shares-$43m
Artisan Partners LP506,724 to 305,217 shares-$13m
Baillie Gifford & Co185,163 to 105,391 shares-$5.1m

Left it

Verition Fund Management LLCwas $71m

Manager	First listed	Largest	Q2 2026
Fidelity (FMR LLC)	Q2 2025	$1.2bn	$1.2bn
Capital World Investors	Q2 2023	$1.6bn	$928m
First Eagle Investment Management LLC	Q2 2014	$752m	$752m
Capital Research Global Investors	Q1 2026	$254m	$251m
MFS Investment Management	Q1 2026	$139m	$139m
Two Sigma Investments LP	Q3 2013	$128m	$128m
Renaissance Technologies LLC	Q3 2013	$150m	$58m
Woodline Partners LP	Q2 2024	$120m	$20m
Artisan Partners LP	Q1 2026	$33m	$20m
Holocene Advisors LP	Q1 2023	$67m	$11m
Baillie Gifford & Co	Q4 2025	$13m	$6.8m
Element Capital Management LLC	Q2 2025	$28m	$5.0m
Markel Group Inc	Q2 2013	$12m	$898k
Citadel Advisors LLC	Q4 2016	$584m	last listed Q2 2025
Invesco Ltd	Q1 2022	$513m	last listed Q2 2025
Balyasny Asset Management LLC	Q4 2013	$494m	last listed Q2 2025
T. Rowe Price Associates Inc	Q2 2017	$417m	last listed Q1 2023
Freestone Grove Partners LP	Q4 2024	$127m	last listed Q2 2025
AQR Capital Management LLC	Q3 2025	$113m	last listed Q3 2025
Soros Fund Management LLC	Q3 2014	$111m	last listed Q3 2025
Millennium Management LLC	Q2 2013	$108m	last listed Q2 2025
Ruane Cunniff & Goldfarb LP	Q2 2013	$90m	last listed Q3 2016
Arrowstreet Capital LP	Q1 2017	$82m	last listed Q4 2021

What BRO is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

Build the comp set around BRO →

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.

What to do with a name the funds are buying

Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.

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