브라운앤브라운(주)
MX ˙ BMV ˙ US1152361010
SecurityMX:BRO / Brown & Brown, Inc.
InstitutionGeode Capital Management, Llc
Latest Disclosed Ownership8,138,153 shares
Latest Disclosed Value $ 528,777,783
Geode Capital Management, Llc reports 2.33% increase in ownership of BRO / Brown & Brown, Inc.

On May 15, 2026 - Geode Capital Management, Llc filed a 13F-HR form disclosing ownership of 8,138,153 shares of Brown & Brown, Inc. (MX:BRO) valued at $528,777,783 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 7,952,957 shares of Brown & Brown, Inc.. This represents a change in shares of 2.33% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F BROWN & BROWN COM 115236101 8,138,153 185,196 2.33 528,778 -16.27 0.0176
2026-02-09 2025-12-31 13F BROWN & BROWN COM 115236101 7,952,957 118,225 1.51 631,495 -13.71 0.0390
2025-11-12 2025-09-30 13F BROWN & BROWN COM 115236101 7,834,732 465,156 6.31 731,866 -10.05 0.0467
2025-08-08 2025-06-30 13F BROWN & BROWN COM 115236101 7,369,576 1,050,350 16.62 813,624 3.81 0.0570
2025-05-13 2025-03-31 13F BROWN & BROWN COM 115236101 6,319,226 219,577 3.60 783,735 26.26 0.0616
2025-02-12 2024-12-31 13F BROWN & BROWN COM 115236101 6,099,649 118,569 1.98 620,737 0.50 0.0481
2024-11-12 2024-09-30 13F BROWN & BROWN COM 115236101 5,981,080 -7,553 -0.13 617,638 15.64 0.0500
2024-08-09 2024-06-30 13F BROWN & BROWN COM 115236101 5,988,633 198,132 3.42 534,095 5.62 0.0469
2024-05-13 2024-03-31 13F BROWN & BROWN COM 115236101 5,790,501 238,920 4.30 505,657 28.41 0.0468
2024-02-13 2023-12-31 13F BROWN & BROWN COM 115236101 5,551,581 168,109 3.12 393,790 4.95 0.0412
2023-11-13 2023-09-30 13F BROWN & BROWN COM 115236101 5,383,472 86,210 1.63 375,206 3.05 0.0447
2023-08-11 2023-06-30 13F BROWN & BROWN COM 115236101 5,297,262 9,333 0.18 364,108 20.01 0.0428
2023-05-15 2023-03-31 13F BROWN & BROWN COM 115236101 5,287,929 108,521 2.10 303,385 103,092.18 0.0394
2023-02-13 2022-12-31 13F BROWN & BROWN COM 115236101 5,179,408 157,366 3.13 295 -99.90 0.0413
2022-11-14 2022-09-30 13F BROWN & BROWN COM 115236101 5,022,042 29,074 0.58 303,417 4.30 0.0460
2022-08-12 2022-06-30 13F BROWN & BROWN COM 115236101 4,992,968 165,417 3.43 290,908 -16.44 0.0426
2022-05-13 2022-03-31 13F BROWN & BROWN COM 115236101 4,827,551 -46,053 -0.94 348,152 1.83 0.0435
2022-02-11 2021-12-31 13F BROWN & BROWN COM 115236101 4,873,604 405,556 9.08 341,895 38.25 0.0412
2021-11-12 2021-09-30 13F BROWN & BROWN COM 115236101 4,468,048 1,299,653 41.02 247,307 46.95 0.0333
2021-08-13 2021-06-30 13F BROWN & BROWN COM 115236101 3,168,395 31,180 0.99 168,297 17.38 0.0232
2021-05-12 2021-03-31 13F BROWN & BROWN COM 115236101 3,137,215 98,235 3.23 143,373 -0.49 0.0219
2021-02-12 2020-12-31 13F BROWN & BROWN COM 115236101 3,038,980 156,446 5.43 144,078 10.35 0.0242
2020-11-13 2020-09-30 13F BROWN & BROWN COM 115236101 2,882,534 -92,388 -3.11 130,562 7.56 0.0256
2020-08-13 2020-06-30 13F BROWN & BROWN COM 115236101 2,974,922 -149,586 -4.79 121,390 7.12 0.0260
2020-05-14 2020-03-31 13F BROWN & BROWN COM 115236101 3,124,508 293,024 10.35 113,317 1.46 0.0295
2020-02-20 2019-12-31 13F/A-1 BROWN & BROWN COM 115236101 2,831,484 174,936 6.59 111,691 16.59 0.0233
2020-02-13 2019-12-31 13F BROWN & BROWN COM 115236101 2,831,484 174,936 111,691 14,234.0386
2019-11-12 2019-09-30 13F BROWN & BROWN COM 115236101 2,656,548 -172,106 -6.08 95,794 0.91 0.0224
2019-08-14 2019-06-30 13F BROWN & BROWN COM 115236101 2,828,654 88,854 3.24 94,929 17.35 0.0230
2019-05-14 2019-03-31 13F BROWN & BROWN COM 115236101 2,739,800 303,745 12.47 80,894 20.49 0.0210
2019-03-06 2018-12-31 13F/A-1 BROWN & BROWN COM 115236101 2,436,055 161,456 7.10 67,137 -0.18 0.0208
2019-02-13 2018-12-31 13F BROWN & BROWN COM 115236101 2,436,055 161,456 67,137
2018-11-13 2018-09-30 13F BROWN & BROWN COM 115236101 2,274,599 53,259 2.40 67,259 9.19 0.0190
2018-08-14 2018-06-30 13F BROWN & BROWN COM 115236101 2,221,340 211,348 10.51 61,597 20.46 0.0189
2018-05-15 2018-03-31 13F BROWN & BROWN COM 115236101 2,009,992 1,034,930 106.14 51,134 1.91 0.0167
2018-02-13 2017-12-31 13F BROWN & BROWN COM 115236101 975,062 11,771 1.22 50,176 8.09 0.0170
2017-11-14 2017-09-30 13F BROWN & BROWN COM 115236101 963,291 55,991 6.17 46,420 18.79 0.0171
2017-08-14 2017-06-30 13F BROWN & BROWN COM 115236101 907,300 20,614 2.32 39,077 5.64 0.0154
2017-06-21 2017-03-31 13F/A-1 BROWN & BROWN INC COM COM 115236101 886,686 72,396 8.89 36,992 1.27 0.0152
2017-05-12 2017-03-31 13F BROWN & BROWN INC COM COM 115236101 886,686 36,992
2017-02-14 2016-12-31 13F BROWN & BROWN INC COM COM 115236101 814,290 18,304 2.30 36,529 21.70 0.0170
2016-11-10 2016-09-30 13F BROWN & BROWN INC COM COM 115236101 795,986 59,867 8.13 30,016 8.82 0.0151
2016-08-12 2016-06-30 13F BROWN & BROWN INC COM COM 115236101 736,119 14,883 2.06 27,582 6.82 0.0150
2016-05-13 2016-03-31 13F BROWN & BROWN INC COM COM 115236101 721,236 32,778 4.76 25,820 16.84 0.0137
2016-02-12 2015-12-31 13F BROWN & BROWN INC COM COM 115236101 688,458 21,456 3.22 22,099 6.98 0.0126
2015-11-13 2015-09-30 13F BROWN & BROWN INC COM COM 115236101 667,002 13,636 2.09 20,657 -3.78 0.0125
2015-08-14 2015-06-30 13F BROWN & BROWN INC COM COM 115236101 653,366 6,257 0.97 21,469 0.21 0.0123
2015-05-14 2015-03-31 13F BROWN & BROWN INC COM COM 115236101 647,109 16,353 2.59 21,425 3.22 0.0122
2015-02-12 2014-12-31 13F BROWN & BROWN INC COM COM 115236101 630,756 2,609 0.42 20,757 2.79 0.0123
2014-11-14 2014-09-30 13F BROWN & BROWN INC COM COM 115236101 628,147 2,175 0.35 20,194 5.05 0.0131
2014-08-13 2014-06-30 13F BROWN & BROWN INC COM COM 115236101 625,972 24,900 4.14 19,223 3.98 0.0124
2014-05-14 2014-03-31 13F BROWN & BROWN INC COM COM 115236101 601,072 53,806 9.83 18,488 7.63 0.0124
2014-02-14 2013-12-31 13F BROWN & BROWN INC COM COM 115236101 547,266 50,802 10.23 17,178 7.79 0.0119
2013-11-14 2013-09-30 13F BROWN & BROWN INC COM COM 115236101 496,464 25,324 5.38 15,936 4.91 0.0128
2013-08-14 2013-06-30 13F BROWN & BROWN INC COM COM 115236101 471,140 471,140 15,190 0.0134
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.