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BWIN BALDWIN INSURANCE GROUP INC/

2026Q2 · CUSIP 05589G102 · Sector: Financials

Normal

Fund flows are within the usual range

Funds that own it
223
Institutions that reported holding it to the SEC
Net increase in holders
+9
Last quarter 214 → now 223
How unusual is that
Above average
Stronger buying than 67% of US stocks
What the filings say, in one paragraph

223 funds held BWIN at the end of 2026Q2, up 9 from the quarter before. Fund flows are within the usual range — nothing unusual. On the business itself, revenue over the last 12 months was $1.7B(YoY +18.9%), return on equity is -9.2%. BWIN has had 4 buying rushes in its history, and the price moved +0.5% 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.

2020Q1: holders=59 2020Q2: holders=97 2020Q3: holders=97 2020Q4: holders=129 2021Q1: holders=111 2021Q2: holders=117 2021Q3: holders=135 2021Q4: holders=151 2022Q1: holders=147 2022Q2: holders=148 2022Q3: holders=149 2022Q4: holders=150 2023Q1: holders=143 2023Q2: holders=143 2023Q3: holders=151 2023Q4: holders=160 2024Q1: holders=170 2024Q2: holders=183 2024Q3: holders=217 2024Q4: holders=208 2025Q1: holders=217 2025Q2: holders=224 2025Q3: holders=210 2025Q4: holders=204 2026Q1: holders=214 2026Q2: holders=223 -38 -19 +0 +19 +38 53145236 20Q120Q421Q322Q223Q123Q424Q325Q226Q126Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 4 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2024Q3 Top 10% -10.9% -13.3%
2021Q3 Top 10% -32.3% -42.1%
2020Q4 Top 20% -12.1% +25.8%
2020Q2 Top 10% +47.3% +31.8%

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
125
Change in large funds
+10
Total value they hold
$2.4B
Funds buying for the first time
41
Funds that sold out entirely
32
Price change that quarter
+44.9%
Funds holding puts (bearish)
3
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)
EPS (TTM)
$-1.05
EPS YoY
Revenue (TTM)
$1.7B
Revenue YoY
+18.9%
Net margin
-4.7%
ROE
-9.2%
Debt ratio
77.0%
FCF (TTM)
$44M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2021-09-30: EPS -0.28 2021-12-31: EPS -0.41 2022-03-31: EPS 0.39 2022-06-30: EPS 0.14 2022-09-30: EPS -0.43 2022-12-31: EPS -0.84 2023-03-31: EPS -0.24 2023-06-30: EPS -0.40 2023-09-30: EPS -0.29 2023-12-31: EPS -0.57 2024-03-31: EPS 0.33 2024-06-30: EPS -0.28 2024-09-30: EPS -0.13 2024-12-31: EPS -0.31 2025-03-31: EPS 0.20 2025-06-30: EPS -0.05 2025-09-30: EPS -0.27 2025-12-31: EPS -0.38 2026-03-31: EPS 0.02 2026-06-30: EPS -0.42 0M 266M 532M $M -0.92 -0.25 0.43 20212022202320242025202606/26 Revenue EPS

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

Quarterly free cash flow
-73M-1M70M 201820192020202120222023202420252026
Latest quarter $-19M (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)

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