Brown & Brown, Inc.
MX ˙ BMV ˙ US1152361010
SecurityMX:BRO / Brown & Brown, Inc.
InstitutionPrincipal Financial Group Inc
Latest Disclosed Ownership15,608,720 shares
Latest Disclosed Value $ 1,017,846,815
Principal Financial Group Inc reports 1.60% increase in ownership of BRO / Brown & Brown, Inc.

On May 4, 2026 - Principal Financial Group Inc filed a 13F-HR form disclosing ownership of 15,608,720 shares of Brown & Brown, Inc. (MX:BRO) valued at $1,017,846,815 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 2, 2026 disclosing 15,362,548 shares of Brown & Brown, Inc.. This represents a change in shares of 1.60% 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)
2026-05-04 2026-03-31 13F BROWN & BROWN COM 115236101 15,608,720 246,172 1.60 1,017,847 -16.87 0.5436
2026-02-02 2025-12-31 13F BROWN & BROWN COM 115236101 15,362,548 -53,642 -0.35 1,224,398 -15.32 0.6251
2025-11-04 2025-09-30 13F BROWN & BROWN COM 115236101 15,416,190 1,821,229 13.40 1,445,888 -4.07 0.7293
2025-08-08 2025-06-30 13F BROWN & BROWN COM 115236101 13,594,961 654,915 5.06 1,507,277 -6.37 0.7967
2025-04-28 2025-03-31 13F BROWN & BROWN COM 115236101 12,940,046 38,078 0.30 1,609,742 22.30 0.9033
2025-01-31 2024-12-31 13F BROWN & BROWN COM 115236101 12,901,968 94,121 0.73 1,316,259 -0.80 0.7176
2024-10-31 2024-09-30 13F BROWN & BROWN COM 115236101 12,807,847 2,868 0.02 1,326,893 15.90 0.7309
2024-07-29 2024-06-30 13F BROWN & BROWN COM 115236101 12,804,979 86,824 0.68 1,144,893 2.83 0.6799
2024-04-29 2024-03-31 13F BROWN & BROWN COM 115236101 12,718,155 392,250 3.18 1,113,347 27.02 0.6544
2024-02-07 2023-12-31 13F BROWN & BROWN COM 115236101 12,325,905 294,143 2.44 876,495 4.31 0.5588
2023-11-02 2023-09-30 13F BROWN & BROWN COM 115236101 12,031,762 6,737 0.06 840,298 1.51 0.6038
2023-08-07 2023-06-30 13F BROWN & BROWN COM 115236101 12,025,025 274,289 2.33 827,803 22.69 0.5657
2023-05-09 2023-03-31 13F BROWN & BROWN COM 115236101 11,750,736 528,096 4.71 674,727 5.53 0.4823
2023-02-09 2022-12-31 13F BROWN & BROWN COM 115236101 11,222,640 1,091,719 10.78 639,354 4.35 0.4814
2022-11-09 2022-09-30 13F BROWN & BROWN COM 115236101 10,130,921 551,488 5.76 612,718 9.64 0.4869
2022-08-10 2022-06-30 13F BROWN & BROWN COM 115236101 9,579,433 725,167 8.19 558,864 -12.66 0.4135
2022-05-09 2022-03-31 13F BROWN & BROWN COM 115236101 8,854,266 723,275 8.90 639,898 12.95 0.2540
2022-05-09 2022-03-31 13F BROWN & BROWN COM 115236101 22,911 1,656
2022-02-09 2021-12-31 13F BROWN & BROWN COM 115236101 8,130,991 102,269 1.27 566,541 27.26 0.3382
2021-11-09 2021-09-30 13F BROWN & BROWN COM 115236101 8,028,722 -696,108 -7.98 445,192 -3.98 0.2903
2021-08-10 2021-06-30 13F BROWN & BROWN COM 115236101 8,724,830 -66,238 -0.75 463,637 15.38 0.2996
2021-05-10 2021-03-31 13F BROWN & BROWN COM 115236101 8,791,068 -58,502 -0.66 401,839 -4.22 0.2835
2021-02-23 2020-12-31 13F/A-1 BROWN & BROWN COM 115236101 8,849,570 -107,192 -1.20 419,558 3.47 0.3108
2021-02-08 2020-12-31 13F BROWN & BROWN COM 115236101 8,895,621 -61,141 421,741 165,919.4088
2020-11-06 2020-09-30 13F BROWN & BROWN COM 115236101 8,956,762 -121,778 -1.34 405,472 9.57 0.3412
2020-08-05 2020-06-30 13F BROWN & BROWN COM 115236101 9,078,540 -100,369 -1.09 370,042 11.30 0.3281
2020-05-12 2020-03-31 13F BROWN & BROWN COM 115236101 9,178,909 -539,933 -5.56 332,459 -13.35 0.3680
2020-02-05 2019-12-31 13F BROWN & BROWN COM 115236101 9,718,842 -10,235 -0.11 383,700 9.37 0.3197
2019-11-13 2019-09-30 13F BROWN & BROWN COM 115236101 9,729,077 -50,640 -0.52 350,830 7.08 0.3093
2019-08-12 2019-06-30 13F BROWN & BROWN COM 115236101 9,779,717 -84,887 -0.86 327,621 12.54 0.2946
2019-05-10 2019-03-31 13F BROWN & BROWN COM 115236101 9,864,604 -28,809 -0.29 291,105 6.76 0.2712
2019-02-14 2018-12-31 13F BROWN & BROWN COM 115236101 9,893,413 -270,310 -2.66 272,663 -9.28 0.2906
2018-11-14 2018-09-30 13F BROWN & BROWN COM 115236101 10,163,723 885,893 9.55 300,541 16.82 0.2649
2018-08-13 2018-06-30 13F BROWN & BROWN COM 115236101 9,277,830 1,781,931 23.77 257,274 34.91 0.2365
2018-05-14 2018-03-31 13F BROWN & BROWN COM 115236101 7,495,899 3,702,365 97.60 190,696 -2.32 0.1833
2018-02-12 2017-12-31 13F BROWN & BROWN COM 115236101 3,793,534 -57,146 -1.48 195,216 5.20 0.1797
2017-11-02 2017-09-30 13F BROWN & BROWN COM 115236101 3,850,680 -23,532 -0.61 185,564 11.21 0.1800
2017-08-08 2017-06-30 13F BROWN & BROWN COM 115236101 3,874,212 6,704 0.17 166,862 3.41 0.1672
2017-05-11 2017-03-31 13F BROWN & BROWN COM 115236101 3,867,508 -13,586 -0.35 161,353 -7.32 0.1942
2017-02-13 2016-12-31 13F BROWN & BROWN COM 115236101 3,881,094 -30,476 -0.78 174,106 18.03 0.2208
2016-11-10 2016-09-30 13F BROWN & BROWN COM 115236101 3,911,570 -1,148,304 -22.69 147,505 -22.20 0.1948
2016-08-09 2016-06-30 13F BROWN & BROWN COM 115236101 5,059,874 -210,300 -3.99 189,593 0.49 0.2645
2016-05-10 2016-03-31 13F BROWN & BROWN COM 115236101 5,270,174 -26,419 -0.50 188,672 10.97 0.2739
2016-02-09 2015-12-31 13F BROWN & BROWN COM 115236101 5,296,593 -41,246 -0.77 170,020 2.85 0.2526
2015-11-12 2015-09-30 13F/A-1 BROWN & BROWN COM 115236101 5,337,839 188,396 3.66 165,313 -2.30 0.2597
2015-11-09 2015-09-30 13F BROWN & BROWN COM 115236101 5,337,839 165,313
2015-08-10 2015-06-30 13F BROWN & BROWN COM 115236101 5,149,443 43,364 0.85 169,211 0.09 0.2523
2015-05-14 2015-03-31 13F/A-1 BROWN & BROWN COM 115236101 5,106,079 140,234 2.82 169,064 3.45 0.2519
2015-05-12 2015-03-31 13F BROWN & BROWN COM 115236101 534,614 17,702
2015-02-12 2014-12-31 13F BROWN & BROWN COM 115236101 4,965,845 -285,384 -5.43 163,426 -3.20 0.2539
2014-11-13 2014-09-30 13F BROWN & BROWN COM 115236101 5,251,229 140,369 2.75 168,827 7.56 0.2864
2014-08-12 2014-06-30 13F BROWN & BROWN COM 115236101 5,110,860 -66,149 -1.28 156,954 -1.44 0.2639
2014-05-13 2014-03-31 13F BROWN & BROWN COM 115236101 5,177,009 126,782 2.51 159,245 0.45 0.2841
2014-02-12 2013-12-31 13F BROWN & BROWN COM 115236101 5,050,227 159,633 3.26 158,526 0.98 0.2959
2013-11-05 2013-09-30 13F BROWN & BROWN COM 115236101 4,890,594 342,475 7.53 156,989 7.06 0.3242
2013-08-12 2013-06-30 13F BROWN & BROWN COM 115236101 4,548,119 4,548,119 146,632 0.3248
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.