Brown & Brown, Inc.
US ˙ NYSE ˙ US1152361010

SecurityBRO / Brown & Brown, Inc.
InstitutionBlackRock Variable Series Funds, Inc. - BlackRock Managed Volatility V.I. Fund Class I
Latest Disclosed Ownership605 shares
Latest Disclosed Value $ 67,076
BlackRock Variable Series Funds, Inc. - BlackRock Managed Volatility V.I. Fund Class I reports 75.59% decrease in ownership of BRO / Brown & Brown, Inc.

On August 28, 2025 - BlackRock Variable Series Funds, Inc. - BlackRock Managed Volatility V.I. Fund Class I filed a NPORT-P form disclosing ownership of 605 shares of Brown & Brown, Inc. (US:BRO) valued at $67,076 USD as of June 30, 2025. The entity filed a previous NPORT-P on February 27, 2025 disclosing 2,478 shares of Brown & Brown, Inc.. This represents a change in shares of -75.59% during the quarter. The current value of the position is $39,870 USD.

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)
2025-08-28 2025-06-30 NP Brown & Brown EC US1152361010 605 -1,873 -75.59 67 -73.41 0.0442
2025-02-27 2024-12-31 NP Brown & Brown EC US1152361010 2,478 792 46.98 253 44.83 0.1563
2024-11-26 2024-09-30 NP Brown & Brown EC US1152361010 1,686 -583 -25.69 175 6.75 0.1074
2022-05-25 2022-03-31 NP Brown & Brown EC US1152361010 2,269 47 2.12 164 4.49 0.0827
2022-02-25 2021-12-31 NP Brown & Brown EC US1152361010 2,222 124 5.91 156 34.48 0.0727
2021-11-26 2021-09-30 NP Brown & Brown EC US1152361010 2,098 1,205 134.94 116 146.81 0.0533
2021-08-24 2021-06-30 NP Brown & Brown EC US1152361010 893 4 0.45 47 11.90 0.0215
2021-02-24 2020-12-31 NP Brown & Brown EC US1152361010 889 332 59.61 42 68.00 0.0188
2020-11-24 2020-09-30 NP Brown & Brown EC US1152361010 557 159 39.95 25 78.57 0.0119
2020-05-26 2020-03-31 NP Brown & Brown EC US1152361010 398 398 14 0.0071
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.