Brown & Brown: which funds bought and sold
Institutions that bought and sold Brown & Brown shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.
Between March 31, 2026 and June 30, 2026, 425 institutions that filed 13F reports for both quarters added to or opened positions in Brown & Brown, and 394 cut or closed them. Together they added a net 9.4M shares, +3.4% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 15.3M shares (+21.1%); index fund managers were net buyers of 1.4M shares (+1.7%). 111 opened a new position and 121 sold out entirely.
Bought, Q2 2026 425 institutions, 111 of them new holders Sold, Q2 2026 394 institutions, 121 of them sold out
Net change, all compared +9.4M shares (+3.4%)
Net change, active managers +15.3M shares (+21.1%), 32 bought, 40 sold
Buyers versus sellers
425 bought 90 394 sold
Active managers and hedge funds 32 bought · 40 sold · +15.3M
Index fund managers 10 bought · 2 sold · +1.4M
Other institutions 383 bought · 352 sold · −7.3M
Biggest buyers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| First Eagle Investment Management, LLC Active manager | +14.6M +165.8% | 23.5M | $1.5B |
| Orbis Allan Gray Ltd Active manager | +5.4M New position | 5.4M | $345M |
| FMR LLC Active manager | +2.4M +14.7% | 18.4M | $1.2B |
| Goldman Sachs Group Inc | +1.4M +59.5% | 3.6M | $233M |
| AQR Capital Management LLC Hedge fund | +897K +1346.6% | 964K | $61.1M |
| Van Lanschot Kempen Investment Management N.V. | +838K +14.3% | 6.7M | $430M |
| Two Sigma Investments, LP Hedge fund | +829K +71.1% | 2.0M | $128M |
| Arrowstreet Capital, Limited Partnership Hedge fund | +779K +7930.7% | 789K | $50.6M |
| First Trust Advisors LP | +746K +6803.1% | 757K | $48.6M |
| State Street Corp Index funds | +738K +5.4% | 14.5M | $931M |
| Gotham Asset Management, LLC Hedge fund | +709K +139.0% | 1.2M | $78.2M |
| Massachusetts Financial Services Co Active manager | +632K +41.1% | 2.2M | $139M |
| Morgan Stanley | +625K +19.3% | 3.9M | $248M |
| Invesco Ltd. | +617K +17.7% | 4.1M | $263M |
| Assenagon Asset Management S.A. | +574K +13277.1% | 578K | $37.1M |
| Capitolis Liquid Global Markets LLC | +503K New position | 503K | $32.3M |
| Absher Wealth Management, LLC | +418K New position | 418K | $26.8M |
| SG Americas Securities, LLC | +342K +102.8% | 674K | $43.2M |
| Woodline Partners LP Hedge fund | +313K +5496.9% | 319K | $20.5M |
| Polar Capital Holdings PLC Active manager | +285K +19.8% | 1.7M | $111M |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| First Eagle Investment Management, LLC Active manager | +14.6M +165.8% | 23.5M | $1.5B |
| Orbis Allan Gray Ltd Active manager | +5.4M New position | 5.4M | $345M |
| FMR LLC Active manager | +2.4M +14.7% | 18.4M | $1.2B |
| AQR Capital Management LLC Hedge fund | +897K +1346.6% | 964K | $61.1M |
| Two Sigma Investments, LP Hedge fund | +829K +71.1% | 2.0M | $128M |
| Arrowstreet Capital, Limited Partnership Hedge fund | +779K +7930.7% | 789K | $50.6M |
| Gotham Asset Management, LLC Hedge fund | +709K +139.0% | 1.2M | $78.2M |
| Massachusetts Financial Services Co Active manager | +632K +41.1% | 2.2M | $139M |
| Woodline Partners LP Hedge fund | +313K +5496.9% | 319K | $20.5M |
| Polar Capital Holdings PLC Active manager | +285K +19.8% | 1.7M | $111M |
Biggest sellers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Select Equity Group, L.P. Active manager | −3.1M −39.0% | 4.9M | $314M |
| Barclays PLC | −2.9M −79.0% | 771K | $49.5M |
| Allspring Global Investments Holdings, LLC | −2.5M −99.3% | 19K | $1.3M |
| Rathbones Group PLC | −2.3M −99.6% | 9,608 | $616,353 |
| Capital World Investors Active manager | −2.0M −12.3% | 14.5M | $928M |
| Capital International Investors Active manager | −1.8M −69.3% | 802K | $51.5M |
| Verition Fund Management LLC Hedge fund | −1.1M Sold out | 0 | — |
| Kayne Anderson Rudnick Investment Management LLC Active manager | −1.0M −99.8% | 2,452 | $157,300 |
| Susquehanna International Group, LLP | −854K −97.8% | 19K | $1.2M |
| Healthcare Of Ontario Pension Plan Trust Fund | −734K −95.6% | 34K | $2.2M |
| Champlain Investment Partners, LLC Active manager | −673K −69.5% | 296K | $19M |
| Renaissance Technologies LLC Hedge fund | −670K −42.6% | 904K | $58M |
| Pfa Pension, Forsikringsaktieselskab | −574K −99.6% | 2,267 | $145,428 |
| National Pension Service | −470K −93.5% | 32K | $2.1M |
| Osterweis Capital Management Inc | −397K Sold out | 0 | — |
| Wells Fargo & Company | −357K −11.9% | 2.6M | $169M |
| Raymond James Financial Inc | −337K −39.3% | 519K | $33.3M |
| Citadel Advisors LLC Hedge fund | −311K −31.6% | 675K | $43.3M |
| Korea Investment Corp | −309K −66.6% | 155K | $9.9M |
| Sei Investments Co | −305K −81.1% | 71K | $4.6M |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Select Equity Group, L.P. Active manager | −3.1M −39.0% | 4.9M | $314M |
| Capital World Investors Active manager | −2.0M −12.3% | 14.5M | $928M |
| Capital International Investors Active manager | −1.8M −69.3% | 802K | $51.5M |
| Verition Fund Management LLC Hedge fund | −1.1M Sold out | 0 | — |
| Kayne Anderson Rudnick Investment Management LLC Active manager | −1.0M −99.8% | 2,452 | $157,300 |
| Champlain Investment Partners, LLC Active manager | −673K −69.5% | 296K | $19M |
| Renaissance Technologies LLC Hedge fund | −670K −42.6% | 904K | $58M |
| Citadel Advisors LLC Hedge fund | −311K −31.6% | 675K | $43.3M |
| Federated Hermes, Inc. Active manager | −294K −96.1% | 12K | $775,958 |
| Artisan Partners Limited Partnership Active manager | −202K −39.8% | 305K | $19.6M |
New positions
| Institution | Shares | Value June 30, 2026 |
|---|---|---|
| Orbis Allan Gray LtdActive manager | 5.4M | $345M |
| Capitolis Liquid Global Markets LLC | 503K | $32.3M |
| Absher Wealth Management, LLC | 418K | $26.8M |
| Lighthouse Investment Partners, LLCHedge fund | 236K | $15.2M |
| Interval Partners, LPHedge fund | 108K | $7M |
| Element Capital Management LLCHedge fund | 78K | $5M |
| Waratah Capital Advisors Ltd. | 78K | $5M |
| Deroy & Devereaux Private Investment Counsel Inc | 69K | $4.4M |
| Brandes Investment Partners, LPActive manager | 62K | $4M |
| Nutshell Asset Management Ltd | 59K | $3.8M |
Sold out
| Institution | Shares | Value March 31, 2026 |
|---|---|---|
| Verition Fund Management LLCHedge fund | 1.1M | $70.9M |
| Osterweis Capital Management Inc | 397K | $25.9M |
| Speece Thorson Capital Group Inc | 144K | $9.4M |
| Fora Capital, LLC | 144K | $9.4M |
| Exoduspoint Capital Management, LPHedge fund | 137K | $9M |
| Motley Fool Wealth Management, LLC | 127K | $8.3M |
| Tredje Ap-Fonden | 118K | $7.7M |
| Sciencast Management LP | 97K | $6.3M |
| Caisse De Depot Et Placement Du Quebec | 90K | $5.9M |
| Cooper Investors Pty Ltd | 81K | $5.3M |
Who holds the shares
- Institutions reporting
- 804
- Ten largest holders
- 53.5% of 13F-reported shares
- Index fund managers
- 29.8% of 13F-reported shares
- Active managers and hedge funds
- 29.9% of 13F-reported shares
| Type | Bought | Sold | New | Sold out | Net change in shares | Net % |
|---|---|---|---|---|---|---|
| Active managers and hedge funds | 32 | 40 | 11 | 11 | +15.3M | +21.1% |
| Index fund managers | 10 | 2 | 0 | 0 | +1.4M | +1.7% |
| Other institutions | 383 | 352 | 100 | 110 | −7.3M | −6.1% |