Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Brown & Brown Inc (BRO)

796 + Investors. Track Smart Money conviction in BRO. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
4Q ▼
Buyers last Q
53%

Smart Money Signals — BRO

Based on 810 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds reduced or closed their BRO positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 89% of 3.0Y peak

89% of all-time peak
810 funds currently hold this stock — 89% of the 3.0-year high of 910 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 11% fewer funds vs a year ago

fund count last 6Q
100 fewer hedge funds hold BRO compared to a year ago (-11% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 53% buying

450 buying407 selling
Last quarter: 450 funds bought or added vs 407 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+28 vs last Q)

new funds entering per quarter
Funds opening a new BRO position: 111 → 135 → 106 → 134. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 19% medium ■ 19% new
497 out of 810 hedge funds have held BRO for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~134 new funds/quarter

141 → 111 → 135 → 106 → 134 new funds/Q
New funds entering each quarter: 111 → 135 → 106 → 134. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 63% veterans vs 23% newcomers

■ 63% veterans ■ 14% 1-2yr ■ 23% new
Entry-cohort mix of 818 holders: 512 (63%) are 2+ year veterans, 116 entered 1–2 years ago, and 190 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 60% AUM from top-100 funds

60% from top-100 AUM funds
67 of 808 holders are among the 100 largest funds by AUM, controlling 60% of total institutional value in BRO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.9
out of 10
Low Exit Risk
Exit risk score 2.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BRO

In 2026 Q2, 450 hedge funds were net buyers of BRO (134 opened a new position, 316 added to an existing one), while 407 reduced or exited (271 trimmed, 136 sold completely) — a 53% buyer ratio, indicating a slight buying edge. This extends a 4-quarter selling streak, suggesting sustained institutional caution. 60% of total institutional value in BRO is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 810.

Hedge Fund Ownership: BRO

How many hedge funds hold BRO — quarterly history vs. share price
Quarterly hedge fund ownership of BRO vs. share price

Market Analysis: BRO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BRO

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

24 top-rated funds 5 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
5.1
/ 10
conviction
Hedge Fund Positioning: BRO
796 + Investors

Track Smart Money conviction in BRO. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 796 812 -1.97%
13F Shares 281M 278M 1.09%
Total Value $17.69B $18.01B -1.8%
New Positions 130 106 +24
Increased Positions 311 307 +4
Closed Positions 144 168 -24
Reduced Positions 264 296 -32
Total Calls 5 6 -16.67%
Total Puts 4 4 -
PUT/CALL Ratio 0.8 0.67 Neutral

Statistics: BRO

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Institutional Holders (2026 Q2)

796 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BRO. Verified SEC 13F-HR filings.

QUARTER:
Top 25 BRO holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Jackson Hill Advisors, LLC 8.04% 247,250 $15.9M
2 Quantum Capital Management, LLC / NJ 7.27% 903,253 $57.9M
3 Courant Investment Management LLC 7.25% 116,397 $7.5M
4 PhiloSmith Capital Corp 6.56% 376,250 $24.1M
5 Gobi Capital LLC 5.36% 1,780,046 $114.2M
6 Triad Investment Management 4.57% 64,611 $4.1M
7 Tandem Investment Advisors, Inc. 3.82% 889,649 $57.1M
8 Van Lanschot Kempen Investment Management N.V. 3.29% 6,709,042 $430.4M
9 Spring Capital Management, LLC 3.24% 103,796 $6.7M
10 Absher Wealth Management, LLC 3.06% 418,399 $26.8M
11 Hi-Line Capital Management, LLC 2.98% 165,254 $10.6M
12 Fenimore Asset Management Inc 2.98% 2,243,843 $143.9M
13 Barr E S & Co 2.94% 817,719 $52.5M
14 Lrz Capital LLC 2.90% 89,225 $5.7M
15 Dundas Partners LLP 2.83% 610,267 $39.1M
16 Clarkston Capital Partners, LLC 2.14% 395,886 $25.4M
17 Lountzis Asset Management, LLC 2.08% 102,567 $6.6M
18 Running Oak Capital LLC 1.89% 173,245 $11.1M
19 Redwood Grove Capital, LLC 1.89% 116,400 $7.5M
20 Summit Wealth Partners, LLC 1.84% 201,700 $12.9M
21 Cortland Associates Inc/Mo 1.66% 178,632 $11.5M
22 Madison Asset Management, LLC 1.65% 2,161,022 $138.6M
23 Giverny Capital Inc. 1.62% 753,288 $48.3M
24 Select Equity Group, L.P. 1.55% 4,892,500 $313.9M
25 Schwartz Investment Counsel Inc 1.40% 658,650 $42.3M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Brown & Brown Inc (BRO)

What does the Smart Money Trend signal show for BRO?

Selling streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds reduced or closed their BRO positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for BRO?

Slight buying edge — 53% buying: Last quarter: 450 funds bought or added vs 407 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BRO holders?

Elite ownership — 60% AUM from top-100 funds: 67 of 808 holders are among the 100 largest funds by AUM, controlling 60% of total institutional value in BRO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held BRO?

61% of holders stayed for 2+ years: 497 out of 810 hedge funds have held BRO for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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