Brown & Brown, Inc.
Brown & Brown, Inc. (BRO) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · BRO · as of Sep 30, 2025
Ownership Breakdown
901
Institutional Holders
▼ 40 vs Q2
$24.52B
Total Inst. Value
▼ $4.97B vs Q2
338.95M
Shares Outstanding
freeFloat 85.30%
261.70M
13F Shares Held
▼ 4.45M vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
BRO largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
VANGUARD GROUP INC insurance agents, brokers & service | 37.33M | 12.78% | 12.78% | $3.50T | Nov 7, 2025 | ▲ 1.71M |
BLACKROCK, INC. insurance agents, brokers & service | 20.97M | 7.18% | 7.18% | $1.97T | Nov 12, 2025 | ▲ 457.4K |
CAPITAL WORLD INVESTORS insurance agents, brokers & service | 17.48M | 5.99% | 5.99% | $1.64T | Nov 13, 2025 | ▲ 7.83M |
PRINCIPAL FINANCIAL GROUP INC insurance agents, brokers & service | 15.42M | 5.28% | 5.28% | $1.45T | Nov 4, 2025 | ▲ 1.82M |
STATE STREET CORP insurance agents, brokers & service | 13.12M | 4.49% | 4.49% | $1.23T | Nov 14, 2025 | ▲ 660.0K |
FMR LLC insurance agents, brokers & service | 11.95M | 4.09% | 4.09% | $1.12T | Nov 13, 2025 | ▲ 3.51M |
GEODE CAPITAL MANAGEMENT, LLC insurance agents, brokers & service | 7.83M | 2.68% | 2.68% | $731.87B | Nov 12, 2025 | ▲ 465.2K |
PARNASSUS INVESTMENTS, LLC insurance agents, brokers & service | 6.83M | 2.34% | 2.34% | $641.04B | Oct 24, 2025 | ▼ 182.3K |
SELECT EQUITY GROUP, L.P. insurance agents, brokers & service | 6.08M | 2.08% | 2.08% | $569.91B | Nov 14, 2025 | ▲ 330.7K |
ROYAL BANK OF CANADA insurance agents, brokers & service | 4.89M | 1.67% | 1.67% | $458.42B | Nov 14, 2025 | ▲ 1.69M |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
31
Increased
+25.63M shares1
New Positions
first time holders18
Decreased
−5.26M shares0
Sold Out
fully exitedNet shares change (top 50)
+20.37M
+25.63M / −5.26M
Net new holders
+14
1 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
BRO insider trading · insider activity
Source: SEC Form 4
Insiders have been net buyers of shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
13
Buy transactions
0
Sell transactions
0.00
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
KRUMP PAUL J director | May 6, 2026 | Award | 2,434 | — | — | 7.8K | Form 4 ↗ |
PROCTOR H PALMER JR director | May 6, 2026 | Award | 2,434 | — | — | 50.1K | Form 4 ↗ |
PROCTOR H PALMER JR director | May 5, 2026 | Purchase | 2,000 | $57.10 | $114.2K | 47.6K | Form 4 ↗ |
JENNINGS TONI director | May 6, 2026 | Award | 2,434 | — | — | 57.9K | Form 4 ↗ |
PATEL JAYMIN B director | May 6, 2026 | Award | 2,434 | — | — | 7.0K | Form 4 ↗ |
Hoepner Theodore J director | May 6, 2026 | Award | 2,434 | — | — | 72.2K | Form 4 ↗ |
Savio Kathleen A. director | May 6, 2026 | Award | 2,434 | — | — | 5.1K | Form 4 ↗ |
GELLERSTEDT LAWRENCE L III director | May 6, 2026 | Award | 2,434 | — | — | 23.2K | Form 4 ↗ |
JOHNSON JOIA M director | May 6, 2026 | Award | 2,434 | — | — | 2.4K | Form 4 ↗ |
Masojada Bronislaw Edmund director | May 6, 2026 | Award | 2,434 | — | — | 5.1K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Brown & Brown, Inc. (BRO) is primarily owned by institutional investors, who hold approximately 77.2% of total shares outstanding. Company insiders own approximately 14.70%, while retail and public investors account for the remaining 8.10%.
The largest institutional shareholder of Brown & Brown, Inc. is VANGUARD GROUP INC, holding approximately 37.33 million shares — equal to 12.78% of outstanding shares — as of September 30, 2025.
A total of 901 institutional investors currently hold BRO stock, with a combined institutional value of approximately $24.52 billion as of the most recent 13F filing period.
Frequently asked questions
BRO ownershipBrown & Brown, Inc. (BRO) is primarily owned by institutional investors, who hold approximately 77.2% of shares. The largest shareholder is VANGUARD GROUP INC with a 12.78% stake. Company insiders hold 14.70%. Data sourced from SEC Form 13F as of September 30, 2025.