What smart money is saying about Brown & Brown Inc
1 fund in our archive has pitched Brown & Brown Inc, most recently Artisan U.S. Mid-Cap Value Strategy in March 2026.
Brown & Brown, Inc. operates as an insurance brokerage firm, providing a diverse range of products and services throughout the United States, Bermuda, Canada, Ireland, the United Kingdom, and the Cayman Islands. The company's operations are strategically divided into four primary segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail division delivers a comprehensive suite of property and casualty, employee benefits, personal, and specialized insurance offerings, complemented by services such as loss control assessments, consulting, and claims processing. This segment caters to a broad spectrum of clients, including commercial entities, public and quasi-public organizations, professionals, and individuals. The National Programs segment focuses on professional liability and associated bundled insurance products for specific sectors like dentistry, law, optometry, insurance, finance, medicine, and real estate title professionals, alongside supplementary coverages for events, medical facilities, and cyber risks. This segment also provides outsourced services to insurance carrier partners, encompassing product development, marketing, underwriting, actuarial analysis, compliance, claims, and other administrative support, while additionally managing commercial and public entity programs and flood insurance, largely through independent agents. The Wholesale Brokerage segment facilitates the distribution of excess and surplus commercial and personal lines insurance via independent agents and brokers. Finally, the Services segment offers critical support functions such as third-party claims administration and medical utilization management for workers' compensation and all-lines liability, along with Medicare Set-aside provisions, Social Security disability assistance, Medicare benefits advocacy, and claims adjusting services. Founded in 1939, Brown & Brown, Inc. is headquartered in Daytona Beach, Florida.
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Fund signal · last 12 months
6 lettersToo few moves on Brown & Brown Inc yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q2 2025 and Q3 2026, 8 fund letters reported a position in Brown & Brown Inc, with 4 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 0 |
| Q2 2026 | 2 | 0 | 2 | 0 |
| Q1 2026 | 0 | 0 | 0 | 1 |
| Q4 2025 | 3 | 0 | 2 | 0 |
| Q3 2025 | 1 | 0 | 0 | 0 |
| Q2 2025 | 1 | 0 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 8 positions · 4 moves
- HoldsREQJuly 2026
“Brown & Brown was the clearest disappointment of the first half — both as a contributor to performance and in fundamental terms.”
Brown & Brown Inc - June 2026
“Sold Brown & Brown Inc.”
Brown & Brown Inc - June 2026
“We exited Boston Scientific, Brown & Brown and Salesforce during the quarter, redeploying assets into opportunities where we see greater long-term growth potential.”
Brown & Brown Inc - ExitedParnassus Mid Cap FundDecember 2025
“We exited insurance broker Brown & Brown to reduce our overweight exposure to the property and casualty insurance industry, given uncertainty around the the duration and depth of the current downturn.”
Brown & Brown Inc - December 2025
“To help fund these trades, we sold our positions in Wolters Kluwer and Constellation Software. These companies are classified as Compounders in our Life Cycle process and have rising competitive threats from AI. We have lower conviction around our ability to assess their terminal value. We also sold the position in US insurer Brown & Brown, as the soft pricing in the US insurance market has been broadly confirmed and a subdued hurricane season means this likely extends into next year.”
Brown & Brown Inc - December 2025
“Bottom Quarterly Contributors AutoZone shares fell during the quarter as margin performance fell short of elevated investor expectations, despite continued strength in underlying demand for auto parts and accessories. Fiserv stock declined as investors reacted negatively to execution struggles and a reset of the financial technology company’s earnings algorithm. We sold the position during the quarter. Microsoft experienced weakening investor sentiment around the potential return on some of its AI-related capital expenditures. We view the sell-off as a temporary setback and not reflective of the company’s longer-term prospects. Linde, a multinational provider of industrial gases, reported solid third-quarter results but issued guidance for the fourth quarter and full year that disappointed investors amid weakness in its European markets. Brown & Brown, a global insurance brokerage, faced challenges including continued softening of end-market demand and a corresponding weakening in the insurance pricing environment.”
Brown & Brown Inc - September 2025
“Brown & Brown Inc. offers brokerage and casualty insurance.”
Brown & Brown Inc - HoldsMadison Mid Cap FundJune 2025
“Following strong performance in 1Q, our insurance holdings, including Brown & Brown and Arch Capital Group, underperformed the strong up market in 2Q.”
Brown & Brown Inc
Also mentioned · 1
These funds discuss Brown & Brown Inc as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedTimesSquare U.S. Mid Cap GrowthJune 2026
“Brown & Brown Inc., an insurance broker, pulled back by -1%.”
Brown & Brown Inc
Fund coverage · 1 thesis
- Artisan U.S. Mid-Cap Value StrategyMarch 2026
Brown & Brown Inc is a middle-market insurance broker with high-margin, low-capital-intensity economics and resilient demand, now offering favorable valuation amid overstated AI disruption fears.
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