13FPulse
BR

BRO BROWN & BROWN INC

2026Q2 · CUSIP 115236101 · Sector: Financials

Normal

Fund flows are within the usual range

Funds that own it
783
Institutions that reported holding it to the SEC
Net decrease in holders
31
Last quarter 814 → now 783
How unusual is that
Bottom 20%
Stronger than only 4% of US stocks
What the filings say, in one paragraph

783 funds held BRO at the end of 2026Q2, down 31 from the quarter before. Fund flows are within the usual range — nothing unusual. On the business itself, revenue over the last 12 months was $6.8B(YoY +34.2%), the P/E is 23.0x, return on equity is 9.6%. BRO has had 21 buying rushes in its history, and the price moved +4.7% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Financials sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=248 2013Q4: holders=257 2014Q1: holders=234 2014Q2: holders=228 2014Q3: holders=231 2014Q4: holders=241 2015Q1: holders=228 2015Q2: holders=228 2015Q3: holders=221 2015Q4: holders=231 2016Q1: holders=238 2016Q2: holders=235 2016Q3: holders=255 2016Q4: holders=269 2017Q1: holders=262 2017Q2: holders=268 2017Q3: holders=266 2017Q4: holders=291 2018Q1: holders=320 2018Q2: holders=307 2018Q3: holders=321 2018Q4: holders=317 2019Q1: holders=321 2019Q2: holders=330 2019Q3: holders=377 2019Q4: holders=374 2020Q1: holders=397 2020Q2: holders=416 2020Q3: holders=437 2020Q4: holders=464 2021Q1: holders=455 2021Q2: holders=467 2021Q3: holders=514 2021Q4: holders=552 2022Q1: holders=583 2022Q2: holders=575 2022Q3: holders=567 2022Q4: holders=575 2023Q1: holders=570 2023Q2: holders=608 2023Q3: holders=629 2023Q4: holders=689 2024Q1: holders=716 2024Q2: holders=760 2024Q3: holders=819 2024Q4: holders=872 2025Q1: holders=908 2025Q2: holders=931 2025Q3: holders=895 2025Q4: holders=889 2026Q1: holders=814 2026Q2: holders=783 -75 -37.5 +0 +37.5 +75 198588978 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 21 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2025Q2 Top 20% -14.8% -26.3%
2025Q1 Top 5% -13.4% -27.7%
2024Q4 Top 10% +1.2% -13.9%
2024Q3 Top 5% +1.9% +0.9%
2024Q2 Top 5% +7.7% +10.6%
2024Q1 Top 20% +14.3% +22.8%
2023Q4 Top 10% +8.8% +24.3%
2023Q3 Top 10% +13.2% +23.2%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
282
Change in large funds
+10
Total value they hold
$19.0B
Funds buying for the first time
122
Funds that sold out entirely
153
Price change that quarter
+22.7%
Funds holding puts (bearish)
4
Funds holding calls (bullish)
5

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
23.0
EPS (TTM)
$3.13
EPS YoY
-9.8%
Revenue (TTM)
$6.8B
Revenue YoY
+34.2%
Net margin
17.8%
ROE
9.6%
Debt ratio
57.8%
FCF (TTM)
$1.4B
Dividend (TTM)
$0.65
Quarterly Revenue & EPS
2022-09-30: EPS 0.57 2022-12-31: EPS 0.52 2023-03-31: EPS 0.83 2023-06-30: EPS 0.67 2023-09-30: EPS 0.62 2023-12-31: EPS 0.93 2024-03-31: EPS 1.02 2024-06-30: EPS 0.90 2024-09-30: EPS 0.81 2024-12-31: EPS 0.73 2025-03-31: EPS 1.15 2025-06-30: EPS 0.78 2025-09-30: EPS 0.68 2025-12-31: EPS 0.55 2026-03-31: EPS 1.06 2026-06-30: EPS 0.84 0B 1.0B 1.9B $B 0.00 0.63 1.26 2016201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 27 16 25 33 2023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-18M217M452M 20162017201820192020202120222023202420252026
Latest quarter $241M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.