Joel Greenblatt's BRO Position Overview
Joel Greenblatt (via Gotham Asset Management, LLC) currently holds 496.2K shares of Brown & Brown, Inc. (BRO) worth $46.54 M, representing 0.20% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 50 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 256.2K shares. Largest reduction occurred in Q1 2016, reducing 457.6K 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
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q2 2013 | +25,506 | Add 0.00% | 25,504 | $16.12 |
| Q3 2013 | +109,208 | Add 428.20% | 134,712 | $16.05 |
| Q4 2013 | +128,844 | Add 95.64% | 263,556 | $15.70 |
| Q1 2014 | +82,466 | Add 31.29% | 346,022 | $15.38 |
| Q2 2014 | +60,496 | Add 17.48% | 406,518 | $15.35 |
| Q3 2014 | -406,518 | Sold Out | 406,518 | $0.00 |
| Q4 2014 | +190,300 | New Buy | 190,300 | $16.45 |
| Q1 2015 | +256,228 | Add 134.64% | 446,528 | $16.55 |
| Q2 2015 | +61,124 | Add 13.69% | 507,652 | $16.43 |
| Q3 2015 | -91,368 | Reduce 18.00% | 416,284 | $15.48 |
| Q4 2015 | +56,604 | Add 13.60% | 472,888 | $16.05 |
| Q1 2016 | -457,648 | Reduce 96.78% | 15,240 | $17.91 |
| Q2 2016 | -15,240 | Sold Out | 15,240 | $0.00 |
| Q2 2018 | +16,075 | New Buy | 16,075 | $27.74 |
| Q3 2018 | +928 | Add 5.77% | 17,003 | $29.58 |
| Q4 2018 | +751 | Add 4.42% | 17,754 | $27.54 |
| Q1 2019 | -10,520 | Reduce 59.25% | 7,234 | $29.44 |
| Q2 2019 | -315 | Reduce 4.35% | 6,919 | $33.53 |
| Q3 2019 | +6,389 | Add 92.34% | 13,308 | $36.07 |
| Q4 2019 | -619 | Reduce 4.65% | 12,689 | $39.48 |
| Q1 2020 | -6,546 | Reduce 51.59% | 6,143 | $36.14 |
| Q2 2020 | +1,825 | Add 29.71% | 7,968 | $40.79 |
| Q3 2020 | -215 | Reduce 2.70% | 7,753 | $45.27 |
| Q4 2020 | -7,753 | Sold Out | 7,753 | $0.00 |
| Q3 2021 | +31,348 | New Buy | 31,348 | $55.44 |
| Q4 2021 | +9,972 | Add 31.81% | 41,320 | $70.28 |
| Q1 2022 | +3,049 | Add 7.38% | 44,369 | $72.28 |
| Q2 2022 | -24,989 | Reduce 56.32% | 19,380 | $58.36 |
| Q3 2022 | +12,563 | Add 64.82% | 31,943 | $60.48 |
| Q4 2022 | +23,676 | Add 74.12% | 55,619 | $56.97 |
| Q1 2023 | +60,751 | Add 109.23% | 116,370 | $57.42 |
| Q2 2023 | +9,465 | Add 8.13% | 125,835 | $68.84 |
| Q3 2023 | +871 | Add 0.69% | 126,706 | $69.84 |
| Q4 2023 | +8,573 | Add 6.77% | 135,279 | $71.11 |
| Q1 2024 | +2,163 | Add 1.60% | 137,442 | $87.54 |
| Q2 2024 | +31,314 | Add 22.78% | 168,756 | $89.41 |
| Q3 2024 | +22,105 | Add 13.10% | 190,861 | $103.60 |
| Q4 2024 | +12,072 | Add 6.33% | 202,933 | $102.02 |
| Q1 2025 | +11,963 | Add 5.90% | 214,896 | $124.40 |
| Q2 2025 | +33,180 | Add 15.44% | 248,076 | $110.87 |
| Q3 2025 | +248,110 | Add 100.01% | 496,186 | $93.79 |
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 50 quarters since Q2 2013. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Joel Greenblatt's largest addition to Brown & Brown, Inc. (BRO) was in Q1 2015, adding 446,528 shares worth $7.39 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Joel Greenblatt's firm, Gotham Asset Management, LLC, owns 496,186 shares of Brown & Brown, Inc. (BRO), valued at approximately $46.54 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Brown & Brown, Inc. (BRO) represents approximately 0.20% of Joel Greenblatt's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Joel Greenblatt's peak holding in Brown & Brown, Inc. (BRO) was 507,652 shares, as reported at the end of Q2 2015. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.