BRO BROWN & BROWN INC
COM
CUSIP: 115236101
FIGI: BBG000BWSGF4
Institutional Holders892
Total Institutional Value$21,471,656,543
Total Shares Held274,097,163
Avg Position$24,071,364
Top 5 Holders %39.4%
Alpha-Weighted Score67.2
New Positions+84
Exited Positions-126
Top 15 Institutional Holders by Value
■ New ■ Increased ■ Decreased ■ Unchanged
Institutional Holders — Q4 25
| Manager | Alpha | Flow | Value | Shares | Change |
|---|---|---|---|---|---|
| VANGUARD GROUP INC | High Conviction | Market Mover | $2,999,497,305 (14.0%) | 37,634,847 | -14.3% |
| BLACKROCK FUNDING, INC. /DE | High Conviction | Market Mover | $1,735,144,338 (8.1%) | 21,770,945 | -11.8% |
| CAPITAL WORLD INVESTORS | High Conviction | Market Mover | $1,425,545,682 (6.6%) | 17,886,395 | -13.0% |
| PRINCIPAL FINANCIAL GROUP INC | High Conviction | Market Mover | $1,224,397,806 (5.7%) | 15,362,548 | -15.3% |
| STATE STREET CORP | High Conviction | Market Mover | $1,068,283,976 (5.0%) | 13,403,814 | -13.2% |
| FMR LLC | High Conviction | Market Mover | $839,764,055 (3.9%) | 10,536,563 | -25.1% |
| SELECT EQUITY GROUP, L.P. | High Conviction | Moderate Flow | $751,953,719 (3.5%) | 9,434,802 | 31.9% |
| GEODE CAPITAL MANAGEMENT, LLC | High Conviction | Market Mover | $631,494,714 (2.9%) | 7,952,957 | -13.7% |
| NORGES BANK | High Conviction | Market Mover | $516,836,807 (2.4%) | 6,484,778 | 47.0% |
| PARNASSUS INVESTMENTS, LLC | High Conviction | Moderate Flow | $494,516,902 (2.3%) | 6,204,729 | -22.9% |
| CAPITAL RESEARCH & MANAGEMENT CO - DIVISION 3 | High Conviction | Significant Flow | $371,654,251 (1.7%) | 4,663,165 | NEW |
| MORGAN STANLEY | Moderate Conviction | Market Mover | $368,223,995 (1.7%) | 4,620,122 | -16.4% |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | High Conviction | Moderate Flow | $361,725,145 (1.7%) | 4,538,584 | 97.8% |
| DEUTSCHE BANK AG\\ | Moderate Conviction | Market Mover | $313,178,042 (1.5%) | 3,929,461 | 30.1% |
| BARCLAYS PLC | High Conviction | Market Mover | $270,819,885 (1.3%) | 3,397,991 | 14.8% |
| ROYAL BANK OF CANADA | High Conviction | Market Mover | $270,699,000 (1.3%) | 3,396,464 | -77.3% |
| WELLS FARGO & COMPANY/MN | Moderate Conviction | Market Mover | $239,822,057 (1.1%) | 3,009,060 | -20.2% |
| Invesco Ltd. | Moderate Conviction | Market Mover | $227,816,155 (1.1%) | 2,858,421 | - |
| ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC | Moderate Conviction | Significant Flow | $217,516,622 (1.0%) | 2,802,327 | -14.6% |
| BANK OF AMERICA CORP /DE/ | Moderate Conviction | Market Mover | $198,832,570 (0.9%) | 2,494,762 | -58.9% |
| NORTHERN TRUST CORP | High Conviction | Market Mover | $195,756,907 (0.9%) | 2,456,172 | -19.8% |
| JPMORGAN CHASE & CO | High Conviction | Market Mover | $193,110,775 (0.9%) | 2,422,970 | -46.7% |
| FENIMORE ASSET MANAGEMENT INC | High Conviction | Low Flow | $174,025,796 (0.8%) | 2,183,511 | -14.0% |
| GOLDMAN SACHS GROUP INC | High Conviction | Market Mover | $174,012,672 (0.8%) | 2,183,346 | -12.9% |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | High Conviction | Market Mover | $162,726,439 (0.8%) | 2,041,737 | -24.8% |
| MADISON ASSET MANAGEMENT, LLC | High Conviction | Moderate Flow | $158,372,632 (0.7%) | 1,987,110 | -15.9% |
| UBS Group AG | Moderate Conviction | Market Mover | $157,188,963 (0.7%) | 1,972,258 | 12.0% |
| RATHBONES GROUP PLC | High Conviction | Moderate Flow | $156,364,066 (0.7%) | 1,961,908 | 109.8% |
| PROSHARE ADVISORS LLC | High Conviction | Significant Flow | $147,418,938 (0.7%) | 1,849,673 | -7.5% |
| SCHWAB CHARLES INVESTMENT MANAGEMENT INC | High Conviction | Market Mover | $139,760,007 (0.7%) | 1,753,576 | -57.8% |
| DIMENSIONAL FUND ADVISORS LP | High Conviction | Market Mover | $137,362,458 (0.6%) | 1,723,389 | -6.7% |
| UBS GLOBAL ASSET MANAGEMENT AMERICAS INC | Moderate Conviction | Market Mover | $118,813,173 (0.6%) | 1,490,755 | -17.2% |
| GOBI CAPITAL LLC | Elite Conviction | Low Flow | $113,865,557 (0.5%) | 1,428,677 | 10.8% |
| Bank of New York Mellon Corp | High Conviction | Market Mover | $110,713,484 (0.5%) | 1,389,128 | -16.9% |
| TANDEM INVESTMENT ADVISORS, INC. | High Conviction | Low Flow | $102,957,895 (0.5%) | 1,291,818 | 79,147.8% |
| LEGAL & GENERAL GROUP PLC | High Conviction | Market Mover | $88,646,639 (0.4%) | 1,112,254 | -17.9% |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | High Conviction | Significant Flow | $88,595,078 (0.4%) | 1,111,607 | -47.8% |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | High Conviction | Moderate Flow | $88,299,917 (0.4%) | 1,107,903 | -21.8% |
| CHAMPLAIN INVESTMENT PARTNERS, LLC | High Conviction | Moderate Flow | $87,615,007 (0.4%) | 1,099,310 | NEW |
| CAISSE DE DEPOT ET PLACEMENT DU QUEBEC | High Conviction | Significant Flow | $87,523,193 (0.4%) | 1,098,158 | -60.1% |
| RENAISSANCE TECHNOLOGIES LLC | High Conviction | Significant Flow | $85,597,800 (0.4%) | 1,074,000 | -7.5% |
| RAYMOND JAMES FINANCIAL INC | Moderate Conviction | Market Mover | $80,348,068 (0.4%) | 1,008,132 | -21.2% |
| VERITION FUND MANAGEMENT LLC | High Conviction | Significant Flow | $73,966,462 (0.3%) | 928,061 | - |
| POLAR CAPITAL HOLDINGS PLC | High Conviction | Significant Flow | $73,722,500 (0.3%) | 925,000 | 16.5% |
| Jain Global LLC | High Conviction | Significant Flow | $67,188,296 (0.3%) | 843,015 | -15.0% |
| SUMITOMO MITSUI TRUST HOLDINGS, INC. | High Conviction | Significant Flow | $66,393,687 (0.3%) | 833,045 | -13.8% |
| CHILTON INVESTMENT CO LLC | High Conviction | Low Flow | $65,980,921 (0.3%) | 827,866 | -56.9% |
| SWISS NATIONAL BANK | High Conviction | Market Mover | $63,249,920 (0.3%) | 793,600 | -21.2% |
| GIVERNY CAPITAL INC. | High Conviction | Low Flow | $61,569,844 (0.3%) | 772,520 | -32.1% |
| NORDEA INVESTMENT MANAGEMENT SVERIGE AB | High Conviction | Significant Flow | $59,743,937 (0.3%) | 745,960 | -24.1% |
| MILLENNIUM MANAGEMENT, L.L.C. | Moderate Conviction | Market Mover | $59,664,217 (0.3%) | 748,610 | 544.5% |
| ROYAL LONDON ASSET MANAGEMENT LTD | High Conviction | Significant Flow | $55,118,448 (0.3%) | 691,574 | -54.4% |
| BROWN BROTHERS HARRIMAN & CO | High Conviction | Significant Flow | $53,594,903 (0.2%) | 672,458 | -27.6% |
| DUNDAS PARTNERS LLP | Elite Conviction | Low Flow | $53,144,199 (0.2%) | 666,803 | -10.6% |
| MITSUBISHI UFJ KOKUSAI ASSET MANAGEMENT CO., LTD. | High Conviction | Significant Flow | $52,140,071 (0.2%) | 671,735 | -13.4% |
| QUANTUM CAPITAL MANAGEMENT, LLC / NJ | Elite Conviction | Minimal Flow | $51,793,444 (0.2%) | 649,855 | 110.9% |
| ENVESTNET ASSET MANAGEMENT INC | High Conviction | Significant Flow | $49,820,871 (0.2%) | 625,105 | -25.5% |
| BNP PARIBAS FINANCIAL MARKETS | Moderate Conviction | Market Mover | $48,603,052 (0.2%) | 609,825 | 61.9% |
| CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM | High Conviction | Significant Flow | $48,263,849 (0.2%) | 605,569 | -26.5% |
| Nuveen, LLC | High Conviction | Market Mover | $47,860,647 (0.2%) | 600,510 | -22.4% |
| PRANA CAPITAL MANAGEMENT, LP | High Conviction | Low Flow | $47,533,319 (0.2%) | 596,403 | -46.1% |
| CONGRESS ASSET MANAGEMENT CO /MA | High Conviction | Moderate Flow | $46,274,598 (0.2%) | 580,610 | -26.3% |
| SEI INVESTMENTS CO | High Conviction | Market Mover | $45,508,336 (0.2%) | 570,986 | - |
| RHUMBLINE ADVISERS | High Conviction | Market Mover | $45,351,512 (0.2%) | 569,029 | -16.2% |
| SEGESPAR | High Conviction | Market Mover | $45,278,048 (0.2%) | 568,106 | -11.4% |
| SCHWARTZ INVESTMENT COUNSEL INC | High Conviction | Low Flow | $44,265,380 (0.2%) | 555,400 | -11.4% |
| SNYDER CAPITAL MANAGEMENT L P | High Conviction | Low Flow | $44,256,772 (0.2%) | 555,292 | -16.1% |
| CLARKSTON CAPITAL PARTNERS, LLC | High Conviction | Low Flow | $44,158,582 (0.2%) | 554,060 | -33.7% |
| VEST FINANCIAL, LLC | High Conviction | Moderate Flow | $44,073,622 (0.2%) | 552,994 | -11.9% |
| NATIONAL PENSION SERVICE | High Conviction | Significant Flow | $40,137,239 (0.2%) | 503,604 | 21.5% |
| NOMURA ASSET MANAGEMENT CO LTD | High Conviction | Significant Flow | $40,109,742 (0.2%) | 503,259 | -9.3% |
| CAPTRUST FINANCIAL ADVISORS | High Conviction | Significant Flow | $38,666,731 (0.2%) | 485,153 | -19.2% |
| BANK OF MONTREAL /CAN/ | High Conviction | Market Mover | $37,262,638 (0.2%) | 467,536 | -33.6% |
| ABN AMRO INVESTMENT SOLUTIONS | Moderate Conviction | Moderate Flow | $36,786,890 (0.2%) | 461,567 | -55.6% |
| EULAV ASSET MANAGEMENT | High Conviction | Low Flow | $35,458,530 (0.2%) | 444,900 | -15.0% |
| TAL INVESTMENT COUNSEL LTD | High Conviction | Significant Flow | $34,393,699 (0.2%) | 432,392 | 374.6% |
| OSTERWEIS CAPITAL MANAGEMENT INC | High Conviction | Low Flow | $33,931,956 (0.2%) | 425,746 | -14.6% |
| MITSUBISHI UFJ TRUST & BANKING CORP | High Conviction | Significant Flow | $33,664,005 (0.2%) | 422,384 | -34.9% |
| CONFLUENCE INVESTMENT MANAGEMENT LLC | High Conviction | Low Flow | $32,941,464 (0.2%) | 413,319 | 17.7% |
| CITIGROUP INC | Moderate Conviction | Market Mover | $32,914,427 (0.2%) | 412,979 | 38.7% |
| TIMESSQUARE CAPITAL MANAGEMENT, LLC | High Conviction | Low Flow | $32,653,249 (0.2%) | 409,702 | -28.9% |
| Local Pensions Partnership Investment Ltd | High Conviction | Low Flow | $32,356,170 (0.2%) | 406,000 | -75.1% |
| DF DENT & CO INC | High Conviction | Moderate Flow | $30,840,303 (0.1%) | 386,955 | 15.2% |
| BARR E S & CO | Elite Conviction | Low Flow | $28,904,725 (0.1%) | 362,669 | - |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | High Conviction | Market Mover | $27,789,238 (0.1%) | 348,673 | -26.1% |
| M&T BANK CORP | High Conviction | Significant Flow | $26,088,431 (0.1%) | 94,032 | 2,772.7% |
| RUSSELL INVESTMENTS GROUP, LTD. | Moderate Conviction | Market Mover | $25,395,205 (0.1%) | 318,440 | -3.6% |
| SQUAREPOINT OPS LLC | Moderate Conviction | Significant Flow | $25,334,956 (0.1%) | 317,879 | -14.7% |
| PHILOSMITH CAPITAL CORP | Elite Conviction | Minimal Flow | $25,300,765 (0.1%) | 317,450 | -7.8% |
| ALLIANCEBERNSTEIN L.P. | High Conviction | Market Mover | $24,614,070 (0.1%) | 308,834 | -10.2% |
| CRESSET ASSET MANAGEMENT, LLC | High Conviction | Significant Flow | $24,591,801 (0.1%) | 308,555 | -59.6% |
| GOTHAM ASSET MANAGEMENT, LLC | High Conviction | Significant Flow | $23,952,241 (0.1%) | 300,530 | -48.5% |
| STIFEL FINANCIAL CORP | High Conviction | Market Mover | $23,682,795 (0.1%) | 297,133 | -18.2% |
| CORTLAND ASSOCIATES INC/MO | High Conviction | Minimal Flow | $23,069,000 (0.1%) | 289,445 | NEW |
| FIL LTD | High Conviction | Significant Flow | $22,281,809 (0.1%) | 279,571 | -31.1% |
| LPL FINANCIAL LLC | High Conviction | Market Mover | $22,112,288 (0.1%) | 277,444 | -9.9% |
| WORLDQUANT MILLENNIUM QUANTITATIVE STRATEGIES LLC | High Conviction | Significant Flow | $22,008,597 (0.1%) | 276,143 | NEW |
| AMERIPRISE FINANCIAL INC | Moderate Conviction | Market Mover | $21,834,020 (0.1%) | 273,942 | -17.2% |
| PORT CAPITAL LLC | Elite Conviction | Low Flow | $21,482,896 (0.1%) | 269,547 | -33.3% |
| PICTET ASSET MANAGEMENT HOLDING SA | High Conviction | Market Mover | $20,582,806 (0.1%) | 258,141 | -32.6% |
Implied Institutional Price History
Estimated from 13F aggregate market value ÷ shares reported across all institutional filers. Reflects quarter-end snapshot, not actual trade prices.
| Quarter | Filers | Institutional Value | Shares Held | Est. Avg Price |
|---|---|---|---|---|
| Q4 25 | 864 | $21.47B | 274,126,792 | $78.33 |
| Q3 25 | 881 | $26.09B | 283,785,773 | $91.95 |
| Q2 25 | 913 | $28.67B | 272,221,020 | $105.31 |
| Q1 25 | 895 | $26.60B | 223,274,308 | $119.14 |
| Q4 24 | 860 | $22.53B | 232,280,472 | $97.00 |
| Q3 24 | 812 | $22.50B | 230,633,078 | $97.56 |
| Q2 24 | 755 | $19.94B | 233,454,310 | $85.40 |
| Q1 24 | 710 | $19.72B | 235,283,493 | $83.81 |
Source: SEC 13F-HR filings. Implied price = aggregate market value ÷ shares reported. Not investment advice.