First Eagle Investment's BRO Position Overview
First Eagle Investment (via First Eagle Investment Management, LLC) currently holds 8.82 M shares of Brown & Brown, Inc. (BRO) worth $575.36 M, representing 0.76% of the portfolio. First purchased in 2014-Q2, this long-term strategic position has been held for 46 quarters.
Based on 13F filings since 2013, First Eagle Investment has maintained a long-term strategic position in BRO, representing a significant commitment to this investment thesis. Largest addition occurred in Q1 2026, adding 8.82 M shares. Largest reduction occurred in Q3 2018, reducing 2.56 M shares.
Analysis based on 13F filings available since 2013 Q2
First Eagle Investment's Brown & Brown (BRO) Holding Value Over Time
Track share changes against reported price movement
Quarterly Brown & Brown (BRO) Trades by First Eagle Investment
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q1 2026 | +8.82 M | New Buy | 8.82 M | $65.21 |
| Q2 2025 | -1.92 M | Sold Out | 0 | $0.00 |
| Q1 2025 | +7,414 | Add 0.39% | 1.92 M | $124.40 |
| Q4 2024 | -1.19 M | Reduce 38.35% | 1.91 M | $102.02 |
| Q3 2024 | +2,398 | Add 0.08% | 3.1 M | $103.60 |
| Q2 2024 | -6,770 | Reduce 0.22% | 3.1 M | $89.41 |
| Q1 2024 | -999,056 | Reduce 24.32% | 3.11 M | $87.54 |
| Q4 2023 | -37,942 | Reduce 0.92% | 4.11 M | $71.11 |
| Q3 2023 | -44,017 | Reduce 1.05% | 4.15 M | $69.84 |
| Q2 2023 | -618,153 | Reduce 12.86% | 4.19 M | $68.84 |
| Q1 2023 | +8,398 | Add 0.17% | 4.81 M | $57.42 |
| Q4 2022 | +58,543 | Add 1.23% | 4.8 M | $56.97 |
| Q3 2022 | -1.26 M | Reduce 20.94% | 4.74 M | $60.48 |
| Q2 2022 | -366,561 | Reduce 5.76% | 6 M | $58.34 |
| Q1 2022 | -912,780 | Reduce 12.54% | 6.36 M | $72.27 |
| Q4 2021 | -53,029 | Reduce 0.72% | 7.28 M | $70.28 |
| Q3 2021 | -515,067 | Reduce 6.57% | 7.33 M | $55.45 |
| Q2 2021 | -537,918 | Reduce 6.42% | 7.85 M | $53.14 |
| Q1 2021 | +28,247 | Add 0.34% | 8.38 M | $45.71 |
| Q4 2020 | -45,602 | Reduce 0.54% | 8.35 M | $47.41 |
| Q3 2020 | -114,480 | Reduce 1.34% | 8.4 M | $45.27 |
| Q2 2020 | +8,994 | Add 0.11% | 8.51 M | $40.76 |
| Q1 2020 | -1.34 M | Reduce 13.61% | 8.51 M | $36.22 |
| Q4 2019 | -197,062 | Reduce 1.96% | 9.85 M | $39.48 |
| Q3 2019 | -1.2 M | Reduce 10.68% | 10.04 M | $36.06 |
| Q2 2019 | -77,975 | Reduce 0.69% | 11.24 M | $33.50 |
| Q1 2019 | -205,465 | Reduce 1.78% | 11.32 M | $29.51 |
| Q4 2018 | -6,006 | Reduce 0.05% | 11.53 M | $27.56 |
| Q3 2018 | -2.56 M | Reduce 18.17% | 11.53 M | $29.57 |
| Q2 2018 | -24,937 | Reduce 0.18% | 14.09 M | $27.73 |
| Q1 2018 | -88,116 | Reduce 0.62% | 14.12 M | $25.51 |
| Q4 2017 | -321,960 | Reduce 2.22% | 14.21 M | $25.73 |
| Q3 2017 | +260,556 | Add 1.83% | 14.53 M | $24.10 |
| Q2 2017 | +66,990 | Add 0.47% | 14.27 M | $21.53 |
| Q1 2017 | +401,794 | Add 2.91% | 14.2 M | $20.86 |
| Q4 2016 | +6,454 | Add 0.05% | 13.8 M | $22.43 |
| Q3 2016 | -50,400 | Reduce 0.36% | 13.79 M | $18.86 |
| Q2 2016 | +65,200 | Add 0.47% | 13.84 M | $18.73 |
| Q1 2016 | +183,196 | Add 1.35% | 13.78 M | $17.90 |
| Q4 2015 | -135,464 | Reduce 0.99% | 13.59 M | $16.05 |
| Q3 2015 | +706,058 | Add 5.42% | 13.73 M | $15.49 |
| Q2 2015 | +6.28 M | Add 93.02% | 13.02 M | $16.43 |
| Q1 2015 | +52,180 | Add 0.78% | 6.75 M | $16.56 |
| Q4 2014 | +24,618 | Add 0.37% | 6.69 M | $16.45 |
| Q3 2014 | +2.97 M | Add 80.03% | 6.67 M | $16.08 |
| Q2 2014 | +3.7 M | New Buy | 3.7 M | $15.35 |
First Eagle Investment's Brown & Brown Investment FAQs
First Eagle Investment first purchased Brown & Brown, Inc. (BRO) in Q2 2014, acquiring 3,704,940 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
First Eagle Investment has held Brown & Brown, Inc. (BRO) for 46 quarters since Q2 2014.
First Eagle Investment's largest addition to Brown & Brown, Inc. (BRO) was in Q1 2026, adding 8,823,162 shares worth $575.36 M.
According to the latest 13F filing for Q1 2026, First Eagle Investment's firm, First Eagle Investment Management, LLC, owns 8,823,162 shares of Brown & Brown, Inc. (BRO), valued at approximately $575.36 M.
As of the Q1 2026 filing, Brown & Brown, Inc. (BRO) represents approximately 0.76% of First Eagle Investment's publicly disclosed stock portfolio, making it one of their key holdings.
First Eagle Investment's peak holding in Brown & Brown, Inc. (BRO) was 14,527,518 shares, as reported at the end of Q3 2017.