BRO
Brown & Brown, Inc. · Financial Services · Insurance - Brokers
Momentum inputs (comparable managers):
holder breadth -23.5% ·
share flow +12.9% ·
net new positions -20.0%
— formula
Concentrated accumulation — rising shares among fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q1 2025
| 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 | State Street Global Advisors ✦ (passive) | 11.20M | +0.4% | $1.39B | 0.1% | ▲ Add | 2 | SEC ↗ |
| 2 | Capital World Investors ✦ | 8.26M | +97.0% | $1.03B | 0.2% | ▲ Add | 4 | SEC ↗ |
| 3 | Geode Capital Management ✦ (passive) | 6.32M | +3.6% | $783.74M | 0.1% | ▲ Add | 4 | SEC ↗ ×2 |
| 4 | Norges Bank ✦ (passive) | 3.09M | +0.7% | $384.97M | 0.1% | ▲ Add | 4 | SEC ↗ |
| 5 | T. Rowe Price ✦ | 676.84K | -1.2% | $84.20M | 0.0% | ▼ Trim | 4 | SEC ↗ ×2 |
| 6 | Millennium Management ✦ | 649.85K | +3.5% | $80.84M | 0.1% | ▲ Add | 4 | SEC ↗ |
| 7 | Gotham Asset Management ✦ | 214.90K | +5.9% | $26.73M | 0.2% | ▲ Add | 4 | SEC ↗ |
| 8 | Renaissance Technologies ✦ | 173.00K | +26.3% | $21.52M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 9 | D. E. Shaw & Co. ✦ | 108.26K | -44.5% | $13.47M | 0.0% | ▼ Trim | 4 | SEC ↗ ×2 |
| 10 | Wellington Management ✦ | 104.82K | -25.3% | $13.04M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 11 | AQR Capital Management ✦ | 33.44K | +38.3% | $4.13M | 0.0% | ▲ Add | 4 | SEC ↗ ×5 |
| 12 | Citadel Advisors ✦ | 12.97K | +8054.7% | $1.61M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 13 | Arrowstreet Capital ✦ | 2.76K | -91.9% | $343,220 | 0.0% | ▼ Trim | 3 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| No new tracked buyers this quarter. |
Exited
| Point72 Asset Management | $50.36M | was 0.1% |
| Two Sigma Investments | $14.04M | was 0.0% |
| Adage Capital Partners | $10.39M | was 0.0% |
| Marshall Wace | $4.44M | 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.