Brown & Brown, Inc.
MX ˙ BMV ˙ US1152361010
SecurityMX:BRO / Brown & Brown, Inc.
InstitutionHsbc Holdings Plc
Latest Disclosed Ownership576,256 shares
Latest Disclosed Value $ 37,602,212
Hsbc Holdings Plc reports 5.65% decrease in ownership of BRO / Brown & Brown, Inc.

On April 30, 2026 - Hsbc Holdings Plc filed a 13F-HR form disclosing ownership of 576,256 shares of Brown & Brown, Inc. (MX:BRO) valued at $37,602,212 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on March 20, 2026 disclosing 610,737 shares of Brown & Brown, Inc.. This represents a change in shares of -5.65% 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)
2026-04-30 2026-03-31 13F BROWN & BROWN COM 115236101 576,256 -34,481 -5.65 37,602 -22.86 0.0026
2026-03-20 2025-12-31 13F/A-1 BROWN & BROWN COM 115236101 610,737 21,643 3.67 48,744 -11.66 0.0027
2026-03-06 2025-12-31 13F BROWN & BROWN COM 115236101 610,737 21,643 3.67 48,744 -11.66 0.0022
2025-11-13 2025-09-30 13F BROWN & BROWN COM 115236101 589,094 35,162 6.35 55,180 -9.96 0.0304
2025-08-13 2025-06-30 13F BROWN & BROWN COM 115236101 553,932 63,639 12.98 61,282 0.75 0.0368
2025-05-14 2025-03-31 13F BROWN & BROWN COM 115236101 490,293 -62,027 -11.23 60,825 7.99 0.0376
2025-02-14 2024-12-31 13F BROWN & BROWN COM 115236101 552,320 30,944 5.94 56,327 4.79 0.0328
2024-11-14 2024-09-30 13F BROWN & BROWN COM 115236101 521,376 58,528 12.65 53,750 29.62 0.0313
2024-08-12 2024-06-30 13F BROWN & BROWN COM 115236101 462,848 18,283 4.11 41,467 6.59 0.0254
2024-05-15 2024-03-31 13F BROWN & BROWN COM 115236101 444,565 59,152 15.35 38,905 42.17 0.0263
2024-02-12 2023-12-31 13F BROWN & BROWN COM 115236101 385,413 62,020 19.18 27,365 20.96 0.0239
2023-11-13 2023-09-30 13F BROWN & BROWN COM 115236101 323,393 -129,279 -28.56 22,625 -27.37 0.0235
2023-08-11 2023-06-30 13F BROWN & BROWN COM 115236101 452,672 210,375 86.83 31,150 124.54 0.0317
2023-05-15 2023-03-31 13F BROWN & BROWN COM 115236101 242,297 -9,566 -3.80 13,874 -3.09 0.0166
2023-02-14 2022-12-31 13F BROWN & BROWN COM 115236101 251,863 104,700 71.15 14,316 59.23 0.0165
2022-11-14 2022-09-30 13F BROWN & BROWN COM 115236101 147,163 -55,217 -27.28 8,991 -23.81 0.0147
2022-08-11 2022-06-30 13F BROWN & BROWN COM 115236101 202,380 68,403 51.06 11,801 20.94 0.0165
2022-05-16 2022-03-31 13F BROWN & BROWN COM 115236101 133,977 9,977 8.05 9,758 12.26 0.0119
2022-02-11 2021-12-31 13F BROWN & BROWN COM 115236101 124,000 13,295 12.01 8,692 40.31 0.0080
2021-11-12 2021-09-30 13F BROWN & BROWN COM 115236101 110,705 8,368 8.18 6,195 13.88 0.0062
2021-08-13 2021-06-30 13F BROWN & BROWN COM 115236101 102,337 -78 -0.08 5,440 15.43 0.0058
2021-05-14 2021-03-31 13F BROWN & BROWN COM 115236101 102,415 -1,465 -1.41 4,713 -3.32 0.0055
2021-02-25 2020-12-31 13F/A-1 BROWN & BROWN COM 115236101 103,880 57,660 124.75 4,875 132.03 0.0065
2021-02-12 2020-12-31 13F BROWN & BROWN COM 115236101 103,880 57,660 4,875 1,157.5042
2020-11-12 2020-09-30 13F BROWN & BROWN COM 115236101 46,220 -36,989 -44.45 2,101 -38.04 0.0034
2020-08-14 2020-06-30 13F BROWN & BROWN COM 115236101 83,209 49,191 144.60 3,391 171.28 0.0064
2020-05-15 2020-03-31 13F BROWN & BROWN COM 115236101 34,018 -58,459 -63.21 1,250 -65.83 0.0029
2020-02-14 2019-12-31 13F BROWN & BROWN COM 115236101 92,477 -68,135 -42.42 3,658 -36.84 0.0064
2019-11-14 2019-09-30 13F BROWN & BROWN COM 115236101 160,612 66,149 70.03 5,792 83.00 0.0108
2019-08-13 2019-06-30 13F BROWN & BROWN COM 115236101 94,463 52,322 124.16 3,165 154.42 0.0060
2019-05-15 2019-03-31 13F BROWN & BROWN COM 115236101 42,141 4,647 12.39 1,244 21.13 0.0023
2019-02-13 2018-12-31 13F BROWN & BROWN COM 115236101 37,494 -8,330 -18.18 1,027 -24.21 0.0019
2018-11-13 2018-09-30 13F BROWN & BROWN COM 115236101 45,824 -66,981 -59.38 1,355 -56.68 0.0022
2018-08-10 2018-06-30 13F BROWN & BROWN COM 115236101 112,805 -197,155 -63.61 3,128 -60.33 0.0056
2018-05-11 2018-03-31 13F BROWN & BROWN COM 115236101 309,960 249,229 410.38 7,885 152.24 0.0117
2018-02-14 2017-12-31 13F BROWN & BROWN COM 115236101 60,731 40,580 201.38 3,126 221.94 0.0045
2017-11-14 2017-09-30 13F BROWN & BROWN COM 115236101 20,151 -72,717 -78.30 971 -75.72 0.0016
2017-08-14 2017-06-30 13F BROWN & BROWN COM 115236101 92,868 2,176 2.40 4,000 5.04 0.0074
2017-05-15 2017-03-31 13F BROWN & BROWN COM 115236101 90,692 -4,210 -4.44 3,808 -10.55 0.0080
2017-02-09 2016-12-31 13F BROWN & BROWN COM 115236101 94,902 -10,318 -9.81 4,257 8.29 0.0099
2016-11-14 2016-09-30 13F BROWN & BROWN COM 115236101 105,220 -1,488 -1.39 3,931 0.43 0.0098
2016-08-12 2016-06-30 13F BROWN & BROWN COM 115236101 106,708 -9,981 -8.55 3,914 -5.94 0.0108
2016-05-13 2016-03-31 13F BROWN & BROWN COM 115236101 116,689 2,680 2.35 4,161 13.01 0.0117
2016-02-12 2015-12-31 13F BROWN & BROWN COM 115236101 114,009 -14,864 -11.53 3,682 -7.23 0.0089
2015-11-12 2015-09-30 13F BROWN & BROWN COM 115236101 128,873 -4,354 -3.27 3,969 -9.16 0.0100
2015-08-13 2015-06-30 13F BROWN & BROWN COM 115236101 133,227 -4,969 -3.60 4,369 -4.81 0.0089
2015-05-14 2015-03-31 13F BROWN & BROWN COM 115236101 138,196 7,538 5.77 4,590 5.83 0.0088
2015-02-13 2014-12-31 13F BROWN & BROWN COM 115236101 130,658 93,946 255.90 4,337 266.30 0.0090
2014-11-18 2014-09-30 13F BROWN & BROWN COM 115236101 36,712 19,733 116.22 1,184 128.13 0.0025
2014-08-14 2014-06-30 13F BROWN & BROWN COM 115236101 16,979 -1,464 -7.94 519 -7.98 0.0011
2014-05-14 2014-03-31 13F BROWN & BROWN COM 115236101 18,443 3,813 26.06 564 23.96 0.0013
2014-02-14 2013-12-31 13F BROWN & BROWN COM 115236101 14,630 -524 -3.46 455 -6.76 0.0012
2013-11-14 2013-09-30 13F BROWN & BROWN COM 115236101 15,154 6,858 82.67 488 125.93 0.0013
2013-06-21 2012-09-30 13F/A-1 BROWN & BROWN COM 115236101 8,296 8,296 216 0.0008
2013-10-11 2012-09-30 13F/A-2 BROWN & BROWN COM 115236101 8,296 8,296 0.00 216 0.00 0.0009
2013-10-11 2012-06-30 13F/A-1 BROWN & BROWN COM 115236101 0 -30,194 -100.00 0 -100.00
2013-10-11 2012-03-31 13F/A-1 BROWN & BROWN COM 115236101 30,194 30,194 718 0.0032
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.