Joel Greenblatt's BRO Position Overview
Joel Greenblatt (via Gotham Asset Management, LLC) currently holds 300,530 shares of Brown & Brown, Inc. (BRO) worth $23.95 M, representing 0.09% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 42 quarters.
Based on 13F filings since 2013, Joel Greenblatt has maintained a long-term strategic position in BRO, representing a significant commitment to this investment thesis. Largest addition occurred in Q1 2015, adding 256,228 shares. Largest reduction occurred in Q1 2016, reducing 457,648 shares.
Analysis based on 13F filings available since 2013 Q2
Joel Greenblatt's Brown & Brown (BRO) Holding Value Over Time
Track share changes against reported price movement
Quarterly Brown & Brown (BRO) Trades by Joel Greenblatt
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -195,656 | Reduce 39.43% | 300,530 | $79.70 |
| Q3 2025 | +248,110 | Add 100.01% | 496,186 | $93.79 |
| Q2 2025 | +33,180 | Add 15.44% | 248,076 | $110.87 |
| Q1 2025 | +11,963 | Add 5.90% | 214,896 | $124.40 |
| Q4 2024 | +12,072 | Add 6.33% | 202,933 | $102.02 |
| Q3 2024 | +22,105 | Add 13.10% | 190,861 | $103.60 |
| Q2 2024 | +31,314 | Add 22.78% | 168,756 | $89.41 |
| Q1 2024 | +2,163 | Add 1.60% | 137,442 | $87.54 |
| Q4 2023 | +8,573 | Add 6.77% | 135,279 | $71.11 |
| Q3 2023 | +871 | Add 0.69% | 126,706 | $69.84 |
| Q2 2023 | +9,465 | Add 8.13% | 125,835 | $68.84 |
| Q1 2023 | +60,751 | Add 109.23% | 116,370 | $57.42 |
| Q4 2022 | +23,676 | Add 74.12% | 55,619 | $56.97 |
| Q3 2022 | +12,563 | Add 64.82% | 31,943 | $60.48 |
| Q2 2022 | -24,989 | Reduce 56.32% | 19,380 | $58.36 |
| Q1 2022 | +3,049 | Add 7.38% | 44,369 | $72.28 |
| Q4 2021 | +9,972 | Add 31.81% | 41,320 | $70.28 |
| Q3 2021 | +31,348 | New Buy | 31,348 | $55.44 |
| Q4 2020 | -7,753 | Sold Out | 0 | $0.00 |
| Q3 2020 | -215 | Reduce 2.70% | 7,753 | $45.27 |
| Q2 2020 | +1,825 | Add 29.71% | 7,968 | $40.79 |
| Q1 2020 | -6,546 | Reduce 51.59% | 6,143 | $36.14 |
| Q4 2019 | -619 | Reduce 4.65% | 12,689 | $39.48 |
| Q3 2019 | +6,389 | Add 92.34% | 13,308 | $36.07 |
| Q2 2019 | -315 | Reduce 4.35% | 6,919 | $33.53 |
| Q1 2019 | -10,520 | Reduce 59.25% | 7,234 | $29.44 |
| Q4 2018 | +751 | Add 4.42% | 17,754 | $27.54 |
| Q3 2018 | +928 | Add 5.77% | 17,003 | $29.58 |
| Q2 2018 | +16,075 | New Buy | 16,075 | $27.74 |
| Q2 2016 | -15,240 | Sold Out | 0 | $0.00 |
| Q1 2016 | -457,648 | Reduce 96.78% | 15,240 | $17.91 |
| Q4 2015 | +56,604 | Add 13.60% | 472,888 | $16.05 |
| Q3 2015 | -91,368 | Reduce 18.00% | 416,284 | $15.48 |
| Q2 2015 | +61,124 | Add 13.69% | 507,652 | $16.43 |
| Q1 2015 | +256,228 | Add 134.64% | 446,528 | $16.55 |
| Q4 2014 | +190,300 | New Buy | 190,300 | $16.45 |
| Q3 2014 | -406,518 | Sold Out | 0 | $0.00 |
| Q2 2014 | +60,496 | Add 17.48% | 406,518 | $15.35 |
| Q1 2014 | +82,466 | Add 31.29% | 346,022 | $15.38 |
| Q4 2013 | +128,844 | Add 95.64% | 263,556 | $15.70 |
| Q3 2013 | +109,208 | Add 428.20% | 134,712 | $16.05 |
| Q2 2013 | +25,504 | Add 0.00% | 25,504 | $16.12 |
Joel Greenblatt's Brown & Brown Investment FAQs
Joel Greenblatt first purchased Brown & Brown, Inc. (BRO) in Q2 2013, acquiring 25,504 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Joel Greenblatt has held Brown & Brown, Inc. (BRO) for 42 quarters since Q2 2013.
Joel Greenblatt's largest addition to Brown & Brown, Inc. (BRO) was in Q1 2015, adding 446,528 shares worth $7.39 M.
According to the latest 13F filing for Q4 2025, Joel Greenblatt's firm, Gotham Asset Management, LLC, owns 300,530 shares of Brown & Brown, Inc. (BRO), valued at approximately $23.95 M.
As of the Q4 2025 filing, Brown & Brown, Inc. (BRO) represents approximately 0.09% of Joel Greenblatt's publicly disclosed stock portfolio, making it one of their key holdings.
Joel Greenblatt's peak holding in Brown & Brown, Inc. (BRO) was 507,652 shares, as reported at the end of Q2 2015.