$BRO

$71.08 -$1.89 (2.59%) Close

$BRO Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 331.7M shares outstanding

Who owns BRO?

By type of holder

Institutions 84.9% Insiders 0.0% Everyone else 15.1%

Concentration Top 10 holders own 43.3%

BlackRock, Inc. 6.7% · Vanguard Capital Management LLC 5.7%

Institutional ownership

84.9%

+0.9 pts vs last qtr

Institutional holders

808

-9 vs last qtr

Net shares bought

+3.0M

by institutions in Q2 2026

New / sold out

124 / 133

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Orbis Allan Gray Ltd NEW +5.4M
Norges Bank NEW +4.4M

Biggest sellers in Q2 2026

Select Equity Group, L.P. −3.1M
Barclays PLC −2.9M

Who is planning to sell?

No insider has filed a notice of proposed sale (Form 144) for Brown & Brown Inc in the last 12 months.

Is your stake being diluted?

Diluted share count, FY2016–FY2025

+13.6%

+1.42% a year

Each share's claim on the business

−11.9%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

$609M vs $597M

over 10 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years70% 3–5 years8% 1–3 years6% Under 1 year16%

Quarterly turnover

11.1%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting BRO on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
B BlackRock, Inc.	22.1M	6.67%	+196.6K (+0.9%)	≤2021	0.0%
Shares held by quarter Peak holding22.1M (Q2'26) Change over 8 quarters+4.2M Share of the company6.670% BlackRock, Inc.'s full portfolio →
VC Vanguard Capital Management LLC	18.9M	5.71%	+20.0K (+0.1%)	≤2021	0.0%
Shares held by quarter Peak holding18.9M (Q2'26) Change over 8 quarters+18.9M Share of the company5.710% Vanguard Capital Management LLC's full portfolio →

BlackRock, Inc.

22.1M

% of company

6.67%

Change vs last qtr

+196.6K (+0.9%)

Held since

≤2021

Vanguard Capital Management LLC

18.9M

% of company

5.71%

Change vs last qtr

+20.0K (+0.1%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding Brown & Brown Inc, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting BRO on Form N-PORT; together they hold 41.2% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
MF MidCap Fund Principal Funds, Inc	$723M	10.3M	3.07%	3.13%	July 31, 2026
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$587M	9.1M	2.73%	0.03%	June 30, 2026

MidCap Fund

Principal Funds, Inc

Position value

$723M

% of company

3.07%

% of the fund

3.13%

As of

July 31, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$587M

% of company

2.73%

% of the fund

0.03%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Brown & Brown Inc and how much of the fund the position is.

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