Brown & Brown, Inc.
MX ˙ BMV ˙ US1152361010
SecurityMX:BRO / Brown & Brown, Inc.
InstitutionInvesco Ltd.
Latest Disclosed Ownership3,481,309 shares
Latest Disclosed Value $ 227,016,160
Invesco Ltd. reports 21.79% increase in ownership of BRO / Brown & Brown, Inc.

On May 12, 2026 - Invesco Ltd. filed a 13F-HR form disclosing ownership of 3,481,309 shares of Brown & Brown, Inc. (MX:BRO) valued at $227,016,160 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 19, 2026 disclosing 2,858,421 shares of Brown & Brown, Inc.. This represents a change in shares of 21.79% 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)
2026-05-12 2026-03-31 13F BROWN & BROWN COM 115236101 3,481,309 622,888 21.79 227,016 -0.35 0.0043
2026-02-19 2025-12-31 13F BROWN & BROWN COM 115236101 2,858,421 456,412 19.00 227,816 1.12 0.0349
2025-11-13 2025-09-30 13F BROWN & BROWN COM 115236101 2,402,009 -1,764,361 -42.35 225,284 -51.23 0.0355
2025-08-13 2025-06-30 13F BROWN & BROWN COM 115236101 4,166,370 46,235 1.12 461,925 -9.88 0.0786
2025-05-12 2025-03-31 13F BROWN & BROWN COM 115236101 4,120,135 316,519 8.32 512,545 32.08 0.0971
2025-02-13 2024-12-31 13F BROWN & BROWN COM 115236101 3,803,616 388,411 11.37 388,045 9.67 0.0717
2024-11-12 2024-09-30 13F BROWN & BROWN COM 115236101 3,415,205 833,339 32.28 353,815 53.27 0.0683
2024-08-13 2024-06-30 13F BROWN & BROWN COM 115236101 2,581,866 -117,278 -4.35 230,845 -2.30 0.0488
2024-05-14 2024-03-31 13F BROWN & BROWN COM 115236101 2,699,144 654,671 32.02 236,283 62.53 0.0508
2024-02-13 2023-12-31 13F BROWN & BROWN COM 115236101 2,044,473 106,978 5.52 145,382 7.44 0.0346
2023-11-13 2023-09-30 13F BROWN & BROWN COM 115236101 1,937,495 -2,670 -0.14 135,315 1.31 0.0364
2023-08-11 2023-06-30 13F BROWN & BROWN COM 115236101 1,940,165 62,825 3.35 133,561 23.90 0.0350
2023-05-12 2023-03-31 13F BROWN & BROWN COM 115236101 1,877,340 98,656 5.55 107,797 6.38 0.0301
2023-02-13 2022-12-31 13F BROWN & BROWN COM 115236101 1,778,684 110,697 6.64 101,332 0.45 0.0297
2022-11-14 2022-09-30 13F BROWN & BROWN COM 115236101 1,667,987 -326,927 -16.39 100,879 -13.32 0.0325
2022-08-15 2022-06-30 13F BROWN & BROWN COM 115236101 1,994,914 -1,212,784 -37.81 116,383 -49.80 0.0353
2022-05-16 2022-03-31 13F BROWN & BROWN COM 115236101 3,207,698 284,786 9.74 231,821 12.85 0.0591
2022-02-14 2021-12-31 13F BROWN & BROWN COM 115236101 2,922,912 792,133 37.18 205,422 73.86 0.0495
2021-11-15 2021-09-30 13F BROWN & BROWN COM 115236101 2,130,779 1,262,929 145.52 118,152 156.19 0.0299
2021-08-17 2021-06-30 13F BROWN & BROWN COM 115236101 867,850 -22,569 -2.53 46,119 13.31 0.0113
2021-05-17 2021-03-31 13F BROWN & BROWN COM 115236101 890,419 -206,151 -18.80 40,700 -21.71 0.0109
2021-02-16 2020-12-31 13F BROWN & BROWN COM 115236101 1,096,570 -6,518 -0.59 51,988 4.11 0.0151
2020-11-16 2020-09-30 13F BROWN & BROWN COM 115236101 1,103,088 -611,276 -35.66 49,937 -28.54 0.0169
2020-08-14 2020-06-30 13F BROWN & BROWN COM 115236101 1,714,364 166,577 10.76 69,877 24.64 0.0250
2020-05-15 2020-03-31 13F BROWN & BROWN COM 115236101 1,547,787 -457,584 -22.82 56,061 -29.19 0.0236
2020-02-14 2019-12-31 13F BROWN & BROWN COM 115236101 2,005,371 101,802 5.35 79,171 15.34 0.0246
2019-11-14 2019-09-30 13F BROWN & BROWN COM 115236101 1,903,569 175,565 10.16 68,643 18.58 0.0180
2019-08-14 2019-06-30 13F/A-1 BROWN & BROWN COM 115236101 1,728,004 32,935 1.94 57,888 15.73 0.0149
2019-08-14 2019-06-30 13F BROWN & BROWN COM 115236101 1,728,004 32,935 57,888
2019-05-15 2019-03-31 13F BROWN & BROWN COM 115236101 1,695,069 -770,378 -31.25 50,021 -26.38 0.0169
2019-02-14 2018-12-31 13F BROWN & BROWN COM 115236101 2,465,447 -108,484 -4.21 67,948 -10.73 0.0260
2018-11-14 2018-09-30 13F BROWN & BROWN COM 115236101 2,573,931 244,819 10.51 76,111 17.84 0.0240
2018-08-14 2018-06-30 13F BROWN & BROWN COM 115236101 2,329,112 113,218 5.11 64,587 14.57 0.0214
2018-05-15 2018-03-31 13F BROWN & BROWN COM 115236101 2,215,894 954,767 75.71 56,372 -13.14 0.0211
2018-02-14 2017-12-31 13F BROWN & BROWN COM 115236101 1,261,127 204,115 19.31 64,898 27.41 0.0234
2017-11-14 2017-09-30 13F BROWN & BROWN COM 115236101 1,057,012 272,355 34.71 50,938 50.73 0.0188
2017-08-14 2017-06-30 13F BROWN & BROWN COM 115236101 784,657 3,622 0.46 33,795 3.71 0.0105
2017-05-15 2017-03-31 13F BROWN & BROWN COM 115236101 781,035 -456,369 -36.88 32,585 -41.30 0.0107
2017-02-14 2016-12-31 13F BROWN & BROWN COM 115236101 1,237,404 -23 -0.00 55,510 18.96 0.0187
2016-11-14 2016-09-30 13F BROWN & BROWN COM 115236101 1,237,427 -253,666 -17.01 46,664 -16.48 0.0160
2016-08-15 2016-06-30 13F BROWN & BROWN COM 115236101 1,491,093 -85,193 -5.40 55,872 -0.99 0.0205
2016-05-16 2016-03-31 13F BROWN & BROWN COM 115236101 1,576,286 -369,826 -19.00 56,431 -9.67 0.0229
2016-02-16 2015-12-31 13F BROWN & BROWN COM 115236101 1,946,112 3,289 0.17 62,470 3.82 0.0249
2015-11-16 2015-09-30 13F BROWN & BROWN COM 115236101 1,942,823 -36,442 -1.84 60,170 -7.49 0.0255
2015-08-14 2015-06-30 13F BROWN & BROWN COMMON 115236101 1,979,265 -1,496 -0.08 65,039 -0.83 0.0255
2015-05-15 2015-03-31 13F BROWN & BROWN COMMON 115236101 1,980,761 365,469 22.63 65,582 23.37 0.0254
2015-02-13 2014-12-31 13F BROWN & BROWN COMMON 115236101 1,615,292 784,897 94.52 53,159 99.11 0.0205
2014-11-14 2014-09-30 13F BROWN & BROWN COMMON 115236101 830,395 769,255 1,258.19 26,698 1,321.62 0.0107
2014-08-14 2014-06-30 13F BROWN & BROWN COMMON 115236101 61,140 12,676 26.16 1,878 25.96 0.0007
2014-05-15 2014-03-31 13F BROWN & BROWN COMMON 115236101 48,464 -1,114,503 -95.83 1,491 -95.92 0.0006
2014-02-13 2013-12-31 13F BROWN & BROWN COMMON 115236101 1,162,967 23,420 2.06 36,505 -0.21 0.0145
2013-11-13 2013-09-30 13F BROWN & BROWN COMMON 115236101 1,139,547 -10,671 -0.93 36,580 -1.35 0.0159
2013-08-14 2013-06-30 13F BROWN & BROWN COMMON 115236101 1,150,218 1,150,218 37,082 0.0173
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.