Brown & BrownBRO
13F holders, Q3 2025 (September 30)At the end of Q3 2025, 896 institutions reported holding Brown & Brown Inc. (BRO) in their 13F filings, down 34 from Q2 2025. 93 opened new positions and 119 sold out. The largest holders were Vanguard Group Inc. ($3.5B), BlackRock, Inc. ($2.0B) and Capital World Investors ($1.6B). 8 famous investors held it, including Francois Rochon (1.0% of Giverny Capital's portfolio), Joel Greenblatt (0.2% of Gotham Asset Management's portfolio) and Jim Simons / Peter Brown (0.1% of Renaissance Technologies's portfolio).
- Company
- Brown & Brown Inc.
- Sector
- Finance
- CUSIP
- 115236101
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 93 | $395.4M |
| Exits | 119 | $730.1M |
All 13F filers, Q2 2025 → Q3 2025: 35,570,231 shares bought and 36,356,967 shares sold, net −786,736 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 896 holders
| Vanguard Group Inc. | 0.05% | Add +4.8% | 37,330,892 | $3.5B |
| BlackRock, Inc. | 0.03% | Add +2.2% | 20,973,989 | $2.0B |
| Capital World Investors | 0.22% | Add +81.1% | 17,479,389 | $1.6B |
| Principal Financial Group Inc. | 0.73% | Add +13.4% | 15,416,190 | $1.4B |
| State Street Corp. | 0.04% | Add +5.3% | 13,120,826 | $1.2B |
| FMR LLC | 0.06% | Add +41.6% | 11,953,261 | $1.1B |
| Geode Capital Management, LLC | 0.05% | Add +6.3% | 7,834,732 | $731.9M |
| Parnassus Investments, LLC | 1.48% | Reduce -2.6% | 6,834,855 | $641.0M |
| Select Equity Group, L.P. | 2.44% | Add +5.8% | 6,076,399 | $569.9M |
| Royal Bank of Canada | 0.08% | Add +53.0% | 4,887,675 | $458.4M |
| Morgan Stanley | 0.03% | Reduce -17.9% | 4,694,589 | $440.3M |
| Wells Fargo & Company | 0.06% | Add +1.9% | 3,204,876 | $300.6M |
| Allspring Global Investments Holdings, LLC | 0.41% | Reduce -19.5% | 2,745,053 | $254.6M |
| Northern Trust Corp. | 0.03% | Add +3.3% | 2,602,360 | $244.1M |
| Bank of America Corp. | 0.02% | Reduce -4.7% | 2,576,407 | $241.6M |
| Deutsche Bank AG | 0.08% | Add +57.0% | 2,567,527 | $240.8M |
| Barclays PLC | 0.09% | Reduce -15.7% | 2,515,061 | $235.9M |
| Invesco Ltd. | 0.04% | Reduce -42.4% | 2,402,009 | $225.3M |
| Caisse de depot et placement du Quebec | 0.40% | Reduce -4.0% | 2,339,505 | $219.4M |
| Manufacturers Life Insurance Company, The | 0.18% | Reduce -1.6% | 2,307,276 | $216.4M |
| Fenimore Asset Management Inc | 4.05% | Add +0.8% | 2,156,455 | $202.3M |
| Goldman Sachs Group Inc. | 0.03% | Reduce -0.1% | 2,129,104 | $199.7M |
| Madison Asset Management, LLC | 2.08% | Reduce -1.6% | 2,008,760 | $188.4M |
| Van Lanschot Kempen Investment Management N.V. | 1.63% | New | 1,949,536 | $182.8M |
| JPMorgan Chase & Co. | 0.01% | Add +170.3% | 1,931,839 | $181.2M |
| Healthcare of Ontario Pension Plan Trust Fund | 0.32% | Add +4.2% | 1,808,874 | $169.7M |
| Charles Schwab Investment Management Inc. | 0.03% | Add +5.3% | 1,706,954 | $160.1M |
| ProShare Advisors LLC | 0.33% | Add +20.9% | 1,699,669 | $159.4M |
| Chilton Investment Co. Inc. | 3.12% | Add +8.7% | 1,630,609 | $152.9M |
| Boston Partners | 0.15% | Add +2.8% | 1,587,950 | $148.9M |
| Dimensional Fund Advisors LP | 0.03% | Add +1.2% | 1,570,515 | $147.3M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.03% | Reduce -20.2% | 1,529,769 | $143.5M |
| UBS Group AG | 0.03% | Add +67.7% | 1,496,107 | $140.3M |
| Bank of New York Mellon Corp | 0.02% | Add +3.8% | 1,420,814 | $133.3M |
| Tandem Investment Advisors, Inc. | 4.44% | Add +69.7% | 1,385,214 | $129.9M |
| Royal London Asset Management Ltd. | 0.26% | Reduce -10.8% | 1,288,850 | $120.9M |
| AQR Capital Management | 0.07% | Add +1679.0% | 1,204,318 | $113.0M |
| Kayne Anderson Rudnick Investment Management LLC | 0.28% | Reduce -2.5% | 1,204,130 | $112.9M |
| Legal & General Group Plc | 0.02% | Add +3.0% | 1,150,971 | $107.9M |
| Natixis Advisors, LLC | 0.15% | Reduce -0.3% | 1,127,622 | $105.8M |
| Gobi Capital LLC | 4.99% | Add +3.7% | 1,096,203 | $102.8M |
| Raymond James Financial Inc. | 0.03% | Reduce -4.3% | 1,087,409 | $102.0M |
| TrinityBridge Ltd | 2.27% | Add +737.1% | 1,086,688 | $101.9M |
| Renaissance Technologies | 0.12% | Add +22.9% | 987,000 | $92.6M |
| Prana Capital Management, LP | 2.95% | Add +34.3% | 940,841 | $88.2M |
| Swiss National Bank | 0.05% | Reduce -3.6% | 855,700 | $80.3M |
| Jain Global LLC | 1.10% | Reduce -15.5% | 843,015 | $79.1M |
| Nordea Investment Management AB | 0.07% | Add +63.6% | 842,364 | $78.7M |
| Sumitomo Mitsui Trust Group, Inc. | 0.04% | Add +7.9% | 820,890 | $77.0M |
| Macquarie Group Ltd. | 0.09% | Reduce -5.4% | 814,402 | $76.4M |
| Rathbones Group PLC | 0.30% | Add +34.8% | 794,703 | $74.5M |
| Brown Brothers Harriman & Co. | 0.45% | Add +25.2% | 788,715 | $74.0M |
| Verition Fund Management LLC | 0.43% | Add +59.4% | 776,267 | $72.8M |
| Burkehill Global Management, LP | 4.12% | No change | 750,000 | $70.3M |
| Envestnet Asset Management Inc. | 0.02% | Reduce -3.8% | 713,444 | $66.9M |
| Clarkston Capital Partners, LLC | 1.43% | Reduce -4.8% | 710,070 | $66.6M |
| California Public Employees Retirement System | 0.04% | Reduce -24.3% | 700,249 | $65.7M |
| T. Rowe Price Associates Inc. | 0.01% | Reduce -4.1% | 678,077 | $63.6M |
| Polar Capital Holdings Plc | 0.31% | Add +25.0% | 675,000 | $63.3M |
| Congress Asset Management Co. | 0.42% | Reduce -20.3% | 669,667 | $62.8M |
| Nuveen, LLC | 0.02% | Reduce -6.8% | 657,735 | $61.7M |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.04% | Add +9.4% | 642,233 | $60.2M |
| Dundas Partners LLP | 4.20% | Add +25.9% | 633,541 | $59.4M |
| Bank of Montreal | 0.02% | Add +16.1% | 598,646 | $56.1M |
| HSBC Holdings PLC | 0.03% | Add +6.3% | 589,094 | $55.2M |
| Rhumbline Advisers | 0.04% | Add +8.7% | 576,772 | $54.1M |
| Snyder Capital Management L P | 1.00% | Reduce -1.8% | 562,671 | $52.8M |
| Mitsubishi UFJ Trust & Banking Corp | 0.11% | Add +13.4% | 551,609 | $51.7M |
| Amundi | 0.02% | Reduce -35.0% | 541,093 | $51.1M |
| Vest Financial, LLC | 0.65% | Add +15.6% | 533,491 | $50.0M |
| Schwartz Investment Counsel Inc. | 1.68% | Add +2.5% | 532,400 | $49.9M |
| Captrust Financial Advisors | 0.10% | Add +2.3% | 510,244 | $47.9M |
| Gotham Asset Management | 0.20% | Add +100.0% | 496,186 | $46.5M |
| Sei Investments Co. | 0.05% | Reduce -21.7% | 494,458 | $46.4M |
| TimesSquare Capital Management, LLC | 0.66% | Add +8.9% | 489,570 | $45.9M |
| Nomura Asset Management Co. Ltd. | 0.12% | Add +17.0% | 471,239 | $44.2M |
| EULAV Asset Management | 0.97% | No change | 444,900 | $41.7M |
| Abn Amro Investment Solutions | 0.83% | Reduce -3.0% | 433,697 | $40.7M |
| Osterweis Capital Management Inc. | 2.34% | Add +28.3% | 423,591 | $39.7M |
| California State Teachers Retirement System | 0.04% | Add +7.4% | 400,734 | $37.6M |
| Local Pensions Partnership Investment Ltd | 0.62% | Add +48.5% | 389,000 | $36.5M |
| Storebrand Asset Management As | 0.09% | Add +1.1% | 377,216 | $35.4M |
| Seven Grand Managers, LLC | 2.86% | Reduce -50.0% | 375,000 | $35.2M |
| Bank of Nova Scotia | 0.06% | Add +315.0% | 374,572 | $35.1M |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.09% | Add +876.9% | 362,775 | $33.8M |
| National Pension Service | 0.03% | Add +2.3% | 352,231 | $33.0M |
| FIL Ltd | 0.03% | Add +24.1% | 344,811 | $32.3M |
| Port Capital LLC | 1.34% | Add +0.4% | 343,450 | $32.2M |
| Corient Private Wealth LP | 0.05% | Reduce -0.5% | 341,736 | $32.1M |
| Pictet Asset Management Holding SA | 0.03% | Reduce -8.8% | 325,827 | $30.6M |
| Holocene Advisors, LP | 0.07% | Reduce -46.7% | 323,374 | $30.3M |
| Giverny Capital | 1.02% | Add +0.2% | 322,246 | $30.2M |
| BNP Paribas Financial Markets | 0.02% | Reduce -42.9% | 320,187 | $30.0M |
| Ferguson Wellman Capital Management, Inc. | 0.48% | Reduce -0.3% | 318,755 | $29.9M |
| Squarepoint Ops LLC | 0.06% | Reduce -41.3% | 316,472 | $29.7M |
| Cresset Asset Management, LLC | 0.13% | Add +0.3% | 308,980 | $29.0M |
| Stifel Financial Corp. | 0.03% | Reduce -20.6% | 308,515 | $28.9M |
| Barr E S & Co. | 1.55% | Add +15630.4% | 304,698 | $28.6M |
| Confluence Investment Management LLC | 0.40% | Reduce -0.5% | 298,360 | $28.0M |
| PhiloSmith Capital Corp | 7.62% | Add +7.3% | 292,450 | $27.4M |
"% of holder's portfolio" is BRO's weight in each manager's 13F, not the share of Brown & Brown Inc. the manager owns.