BRO
Brown & Brown, Inc. · Financial Services · Insurance - Brokers
Momentum inputs (comparable managers):
holder breadth +16.7% ·
share flow +21.9% ·
net new positions +14.3%
— formula
Broad accumulation — rising shares across more holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2024
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 155 | +2 | 209.85M | $13.46B | +7 | −4 |
| Q1 2026 | 155 | -1 | 208.64M | $13.60B | +7 | −9 |
| Q4 2025 | 155 | +2 | 219.70M | $17.50B | +5 | −2 |
| Q3 2025 | 20 | -1 | 123.42M | $11.57B | — | −2 |
| Q2 2025 | 19 | +3 | 109.37M | $12.12B | +3 | — |
| Q1 2025 | 13 | -4 | 30.85M | $3.84B | — | −4 |
| Q4 2024 | 17 | +2 | 27.34M | $2.79B | +2 | — |
| Q3 2024 | 14 | +2 | 15.64M | $1.62B | +3 | −1 |
| Q2 2024 | 12 | — | 12.83M | $1.15B | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Geode Capital Management ✦ (passive) | 5.98M | -0.1% | $617.64M | 0.1% | ▼ Trim | 2 | SEC ↗ ×2 |
| 2 | Capital World Investors ✦ | 3.63M | +154.6% | $376.02M | 0.1% | ▲ Add | 2 | SEC ↗ |
| 3 | Norges Bank ✦ (passive) | 3.39M | +1.4% | $351.53M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 4 | T. Rowe Price ✦ | 681.27K | +9.9% | $70.58M | 0.0% | ▲ Add | 2 | SEC ↗ ×2 |
| 5 | Millennium Management ✦ | 574.73K | +447.6% | $59.54M | 0.1% | ▲ Add | 2 | SEC ↗ |
| 6 | Point72 Asset Management ✦ | 446.65K | -17.4% | $46.27M | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 7 | Renaissance Technologies ✦ | 303.40K | +57.3% | $31.43M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 8 | D. E. Shaw & Co. ✦ | 237.04K | +6.1% | $24.56M | 0.0% | ▲ Add | 2 | SEC ↗ ×2 |
| 9 | Gotham Asset Management ✦ | 190.86K | +13.1% | $19.77M | 0.2% | ▲ Add | 2 | SEC ↗ |
| 10 | Wellington Management ✦ | 147.10K | +5.1% | $15.24M | 0.0% | ▲ Add | 2 | SEC ↗ ×2 |
| 11 | AQR Capital Management ✦ | 22.58K | +81.8% | $2.32M | 0.0% | ▲ Add | 2 | SEC ↗ ×3 |
| 12 | Two Sigma Investments ✦ | 20.70K | New | $2.15M | 0.0% | New | 1 | SEC ↗ |
| 13 | Arrowstreet Capital ✦ | 6.90K | New | $714,840 | 0.0% | New | 1 | SEC ↗ |
| 14 | Marshall Wace ✦ | 4.04K | New | $418,234 | 0.0% | New | 1 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Two Sigma Investments | $2.15M | 0.0% |
| Arrowstreet Capital | $714,840 | 0.0% |
| Marshall Wace | $418,234 | 0.0% |
Exited
| Adage Capital Partners | $6.45M | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 806 holders, 275.44M shares, $17.66B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.