BROWN & BROWN INC BRO
COM · Common Stock · CUSIP 115236101 · ISIN US1152361010
American insurance company
- SectorFinancials
- IndustryInsurance Agents, Brokers & Service
- HeadquartersDaytona Beach, FL
- Founded1939
- Websitebbinsurance.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($23.3m this quarter). Holder counts are more reliable. Shares outstanding: 338.9m as of 2026-04-24, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $65.20. Options: 9 managers hold calls ($33.2m notional), 7 hold puts ($11.8m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 567 |
| Q4 2022 | 573 |
| Q1 2023 | 570 |
| Q2 2023 | 608 |
| Q3 2023 | 632 |
| Q4 2023 | 688 |
| Q1 2024 | 718 |
| Q2 2024 | 761 |
| Q3 2024 | 824 |
| Q4 2024 | 874 |
| Q1 2025 | 912 |
| Q2 2025 | 931 |
| Q3 2025 | 897 |
| Q4 2025 | 889 |
| Q1 2026 | 814 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 389 | 281 |
| Q3 2024 | 417 | 315 |
| Q4 2024 | 406 | 334 |
| Q1 2025 | 456 | 398 |
| Q2 2025 | 489 | 405 |
| Q3 2025 | 491 | 413 |
| Q4 2025 | 381 | 476 |
| Q1 2026 | 392 | 465 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $40.0m | $35.0m | 0.87 |
| Q3 2025 | $16.2m | $6.4m | 0.39 |
| Q4 2025 | $15.5m | $7.4m | 0.48 |
| Q1 2026 | $33.2m | $11.8m | 0.35 |
Biggest buyers
| First Eagle Investment Management, LLC | New | +8.8m |
| FMR LLC | Added | +5.5m |
| Capital Research Global Investors | New | +3.9m |
| JONES FINANCIAL COMPANIES LLLP | Added | +1.6m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | New | +1.5m |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | Added | +1.3m |
| TWO SIGMA INVESTMENTS, LP | New | +1.2m |
| BANK OF AMERICA CORP /DE/ | Added | +1.1m |
| CITADEL ADVISORS LLC | Added | +874.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +829.9k |
Biggest sellers
| PARNASSUS INVESTMENTS, LLC | Reduced | -6.1m |
| Capital International Investors | Reduced | -2.1m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -1.9m |
| Select Equity Group, L.P. | Reduced | -1.4m |
| Capital World Investors | Reduced | -1.4m |
| MORGAN STANLEY | Reduced | -1.4m |
| Caisse de depot et placement du Quebec | Reduced | -1.0m |
| CHILTON INVESTMENT CO INC. | Reduced | -820.9k |
| Jain Global LLC | Reduced | -812.1k |
| HSBC HOLDINGS PLC | Reduced | -645.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $12.1m185.1k shares |
| SIMPLEX TRADING, LLC | Added | $7.8m120.1k shares |
| JANE STREET GROUP, LLC | Reduced | $3.4m52.9k shares |
| CITADEL ADVISORS LLC | Added | $2.4m36.4k shares |
| GROUP ONE TRADING LLC | Added | $2.2m33.2k shares |
| IMC-Chicago, LLC | New | $2.2m33.1k shares |
| D. E. Shaw & Co., Inc. | New | $1.2m17.9k shares |
| Squarepoint Ops LLC | Added | $1.1m17.6k shares |
| DRW Securities, LLC | New | $821.6k12.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.6m85.4k shares |
| Squarepoint Ops LLC | New | $2.7m41.4k shares |
| CITADEL ADVISORS LLC | Added | $2.3m35.2k shares |
| IMC-Chicago, LLC | New | $626.0k9.6k shares |
| TUDOR INVESTMENT CORP ET AL | New | $280.4k4.3k shares |
| SIMPLEX TRADING, LLC | Added | $195.6k3.0k shares |
| GROUP ONE TRADING LLC | Added | $91.3k1.4k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.4% |
| FMR LLC 13G · institution new · filed 2026-08-06 | 5.4% |
Fell to 5% or below in the last year: Capital World Investors (4.9%, 2026-05-14), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 1 | $301.2k | — |
| Q3 2024 | 0 | — | 2 | $14.3m | — |
| Q4 2024 | 0 | — | 1 | $46.8m | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 2 | $341.3k | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.03% of their portfolio | 21.9m $1.4bn | Added +145.8k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 18.9m $1.2bn | First filing |
| Capital World Investors 0.15% of their portfolio | 16.5m $1.1bn | Reduced -1.4m |
| FMR LLC 0.06% of their portfolio | 16.1m $1.0bn | Added +5.5m |
| PRINCIPAL FINANCIAL GROUP INC 0.54% of their portfolio | 15.6m $1.0bn | Added +246.2k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.05% of their portfolio | 14.6m $951.2m | First filing |
| STATE STREET CORP 0.03% of their portfolio | 13.8m $898.4m | Added +372.6k |
| First Eagle Investment Management, LLC 0.98% of their portfolio | 8.8m $575.4m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 8.1m $528.8m | Added +185.2k |
| Select Equity Group, L.P. 2.79% of their portfolio | 8.0m $523.1m | Reduced -1.4m |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 3.36% of their portfolio | 5.9m $382.9m | Added +1.3m |
| DEUTSCHE BANK AG\ 0.09% of their portfolio | 4.2m $274.0m | Added +272.6k |
| Capital Research Global Investors 0.04% of their portfolio | 3.9m $253.8m | New |
| BARCLAYS PLC 0.09% of their portfolio | 3.7m $240.0m | Added +281.8k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 3.6m $236.3m | Added +1.1m |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 3.6m $232.8m | Added +173.3k |
| Invesco Ltd. 0.02% of their portfolio | 3.5m $227.0m | Added +622.9k |
| MORGAN STANLEY 0.01% of their portfolio | 3.2m $211.6m | Reduced -1.4m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 3.1m $204.7m | Added +714.1k |
| WELLS FARGO & COMPANY/MN 0.04% of their portfolio | 3.0m $195.5m | Reduced -10.6k |
| Capital International Investors 0.04% of their portfolio | 2.6m $170.2m | Reduced -2.1m |
| Allspring Global Investments Holdings, LLC 0.27% of their portfolio | 2.5m $163.9m | Reduced -257.4k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 2.4m $159.7m | Reduced -7.4k |
| Rathbones Group PLC 0.31% of their portfolio | 2.3m $150.5m | Added +346.5k |
| Madison Asset Management, LLC 1.87% of their portfolio | 2.3m $150.5m | Added +320.5k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 2.3m $148.7m | Added +95.9k |
| Fenimore Asset Management Inc 3.23% of their portfolio | 2.2m $145.0m | Added +39.6k |
| ProShare Advisors LLC 0.21% of their portfolio | 2.2m $142.7m | Added +338.2k |
| UBS Group AG 0.02% of their portfolio | 1.9m $121.0m | Reduced -116.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.8m $119.2m | Added +73.9k |
| NATIXIS ADVISORS, LLC 0.16% of their portfolio | 1.8m $115.4m | Added +411.7k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.7m $111.6m | Reduced -12.6k |
| JONES FINANCIAL COMPANIES LLLP 0.05% of their portfolio | 1.7m $108.3m | Added +1.6m |
| VANGUARD FIDUCIARY TRUST CO 0.03% of their portfolio | 1.6m $107.4m | First filing |
| Gobi Capital LLC 6.18% of their portfolio | 1.6m $105.7m | Added +192.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.16% of their portfolio | 1.6m $102.6m | Added +499.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio | 1.5m $100.2m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 1.5m $98.7m | Added +22.4k |
| Polar Capital Holdings Plc 0.41% of their portfolio | 1.4m $93.9m | Added +515.0k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.4m $90.7m | Added +1.9k |
| Tandem Investment Advisors, Inc. 3.79% of their portfolio | 1.2m $77.3m | Reduced -106.7k |
| TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio | 1.2m $76.0m | New |
| Legal & General Group Plc 0.02% of their portfolio | 1.1m $72.5m | Reduced -424 |
| Verition Fund Management LLC 0.69% of their portfolio | 1.1m $70.9m | Added +159.0k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.20% of their portfolio | 1.0m $67.1m | Reduced -78.6k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 986.7k $64.3m | Added +874.0k |
| Champlain Investment Partners, LLC 0.80% of their portfolio | 968.3k $63.1m | Reduced -131.0k |
| STOREBRAND ASSET MANAGEMENT AS 0.18% of their portfolio | 945.7k $61.7m | Added +256.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.07% of their portfolio | 873.3k $57.0m | Added +829.9k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 855.8k $55.8m | Reduced -152.4k |
| Swiss National Bank 0.03% of their portfolio | 851.7k $55.5m | Added +58.1k |
| BARR E S & CO 3.11% of their portfolio | 819.8k $53.5m | Added +457.2k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.08% of their portfolio | 768.4k $50.1m | Reduced -343.2k |
| Giverny Capital Inc. 1.80% of their portfolio | 755.3k $49.3m | Reduced -17.3k |
| CITIGROUP INC 0.03% of their portfolio | 740.5k $48.3m | Added +327.6k |
| NORDEA INVESTMENT MANAGEMENT AB 0.04% of their portfolio | 717.4k $46.3m | Reduced -28.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 710.9k $46.4m | Reduced -122.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 710.7k $46.3m | Added +39.0k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.08% of their portfolio | 706.2k $46.1m | Reduced -71.3k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.10% of their portfolio | 698.5k $45.6m | Added +6.9k |
| BROWN BROTHERS HARRIMAN & CO 0.23% of their portfolio | 663.8k $43.3m | Reduced -8.7k |
| Vest Financial, LLC 0.52% of their portfolio | 663.3k $43.3m | Added +110.3k |
| Dundas Partners LLP 3.43% of their portfolio | 660.0k $43.0m | Reduced -6.8k |
| Quantum Capital Management, LLC / NJ 5.35% of their portfolio | 641.6k $41.8m | Reduced -8.2k |
| Vanguard Global Advisers, LLC 0.02% of their portfolio | 640.2k $41.7m | First filing |
| Nuveen, LLC 0.01% of their portfolio | 607.8k $39.6m | Added +7.3k |
| Amundi 0.01% of their portfolio | 592.1k $38.6m | Added +24.0k |
| NOMURA ASSET MANAGEMENT CO LTD 0.10% of their portfolio | 584.0k $38.1m | Added +80.7k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 576.3k $37.6m | Reduced -645.2k |
| PFA Pension, Forsikringsaktieselskab 0.11% of their portfolio | 575.9k $37.6m | Reduced -362 |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 574.0k $37.4m | Added +4.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 572.7k $37.3m | Added +45.0k |
| SCHWARTZ INVESTMENT COUNSEL INC 1.29% of their portfolio | 555.4k $36.2m | Unchanged |
| SNYDER CAPITAL MANAGEMENT L P 0.69% of their portfolio | 547.7k $35.7m | Reduced -7.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 521.5k $34.0m | Reduced -103.6k |
| California Public Employees Retirement System 0.02% of their portfolio | 513.2k $33.5m | Reduced -92.4k |
| Gotham Asset Management, LLC 0.10% of their portfolio | 510.0k $33.3m | Added +209.5k |
| Artisan Partners Limited Partnership 0.05% of their portfolio | 506.7k $33.0m | New |
| VANGUARD ASSET MANAGEMENT, Ltd 0.03% of their portfolio | 506.5k $33.0m | First filing |
| National Pension Service 0.02% of their portfolio | 502.6k $32.8m | Reduced -1.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 498.0k $32.5m | Reduced -111.8k |
| Korea Investment CORP 0.06% of their portfolio | 463.8k $30.2m | Added +313.5k |
| EULAV Asset Management 0.93% of their portfolio | 444.9k $29.0m | Unchanged |
| CAPTRUST FINANCIAL ADVISORS 0.05% of their portfolio | 442.7k $28.9m | Reduced -42.4k |
| Mitsubishi UFJ Trust & Banking Corp 0.07% of their portfolio | 438.1k $28.6m | Added +15.8k |
| Clarkston Capital Partners, LLC 2.06% of their portfolio | 414.9k $27.1m | Reduced -139.2k |
| Local Pensions Partnership Investment Ltd 0.57% of their portfolio | 406.0k $26.5m | Unchanged |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 0.41% of their portfolio | 404.6k $26.4m | Reduced -8.7k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 404.0k $26.3m | Reduced -63.5k |
| TimesSquare Capital Management, LLC 0.44% of their portfolio | 401.9k $26.2m | Reduced -7.8k |
| OSTERWEIS CAPITAL MANAGEMENT INC 1.34% of their portfolio | 397.3k $25.9m | Reduced -28.4k |
| CORTLAND ASSOCIATES INC/MO 3.67% of their portfolio | 392.5k $25.6m | Added +103.0k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 376.8k $24.6m | Reduced -194.2k |
| STIFEL FINANCIAL CORP 0.02% of their portfolio | 357.4k $23.3m | Added +60.2k |
| CIBC Asset Management Inc 0.06% of their portfolio | 347.8k $22.6m | Reduced -84.5k |
| PhiloSmith Capital Corp 6.46% of their portfolio | 347.4k $22.7m | Added +30.0k |
| Cresset Asset Management, LLC 0.10% of their portfolio | 337.5k $22.0m | Added +28.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 336.7k $22.0m | Reduced -12.0k |
| SG Americas Securities, LLC 0.02% of their portfolio | 332.2k $21.7m | Added +111.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 311.1k $20.3m | Added +37.2k |