Vanguard Group Inc ownership in BRO / Brown & Brown, Inc.

布朗與布朗公司

US ˙ NYSE ˙ US1152361010

Security	BRO / Brown & Brown, Inc.
Institution	Vanguard Group Inc
Latest Disclosed Ownership	0 shares
Ownership	0.00%

2026-03-26 - Vanguard Group Inc has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 0 shares of Brown & Brown, Inc. (US:BRO). This represents 0.0 percent ownership of the company. In their previous filing dated 2025-10-30 , Vanguard Group Inc had reported owning 37,330,892 shares, indicating a decrease of -100.00 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File Date	Effective Date	Form	Prev Shares	Latest Shares	ΔShares (Percent)	Ownership (Percent)	ΔOwnership (Percent)
2026-03-26	2026-03-26	13G/A	37,330,892	0	-100.00	0.00	-100.00
2025-10-30	2025-10-30	13G/A	28,695,553	37,330,892	30.09	11.31	12.43
2024-07-10	2024-07-10	13G/A	28,152,200	28,695,553	1.93	10.06	1.72
2024-02-13	2024-02-13	13G/A	27,779,153	28,152,200	1.34	9.89	0.82
2023-02-09	2023-02-09	13G/A	28,277,849	27,779,153	-1.76	9.81	-2.00
2022-01-10	2022-01-10	13G/A	24,488,374	28,277,849	15.47	10.01	16.13
2021-02-10	2021-02-10	13G/A	25,650,333	24,488,374	-4.53	8.62	-5.27
2020-02-12	2020-02-12	13G/A	24,970,180	25,650,333	2.72	9.10	1.79
2019-02-11	2019-02-11	13G/A	11,574,579	24,970,180	115.73	8.94	7.71
2018-02-08	2018-02-08	13G/A	10,012,359	11,574,579	15.60	8.30	16.25
2017-02-10	2017-02-10	13G/A	8,875,767	10,012,359	12.81	7.14	13.51
2016-02-10	2016-02-10	13G/A		8,875,767		6.29
2015-02-10	2015-02-10	13G/A		8,327,338		5.79
2014-02-11	2014-02-11	13G		7,852,704		5.39

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

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	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-01-29	2025-12-31	13F	BROWN & BROWN	COM	115236101	37,634,847	303,955	0.81	2,999,497	-14.33	0.0435
2025-11-07	2025-09-30	13F	BROWN & BROWN	COM	115236101	37,330,892	1,705,570	4.79	3,501,264	-11.36	0.0524
2025-08-11	2025-06-30	13F	BROWN & BROWN	COM	115236101	35,625,322	5,124,203	16.80	3,949,779	4.10	0.0639
2025-05-09	2025-03-31	13F	BROWN & BROWN	COM	115236101	30,501,119	560,980	1.87	3,794,339	24.22	0.0686
2025-02-11	2024-12-31	13F	BROWN & BROWN	COM	115236101	29,940,139	1,335,964	4.67	3,054,493	3.07	0.0532
2024-11-13	2024-09-30	13F	BROWN & BROWN	COM	115236101	28,604,175	-91,378	-0.32	2,963,393	15.50	0.0531
2024-08-13	2024-06-30	13F	BROWN & BROWN	COM	115236101	28,695,553	340,248	1.20	2,565,669	3.36	0.0493
2024-05-10	2024-03-31	13F	BROWN & BROWN	COM	115236101	28,355,305	203,105	0.72	2,482,223	23.99	0.0492
2024-03-11	2023-12-31	13F/A-1	BROWN & BROWN	COM	115236101	28,152,200	266,441	0.96	2,001,903	2.79	0.0437
2024-02-14	2023-12-31	13F	BROWN & BROWN	COM	115236101	28,152,200	266,441		2,001,903		0.0380
2023-12-18	2023-09-30	13F/A-1	BROWN & BROWN	COM	115236101	27,885,759	33,085	0.12	1,947,541	1.57	0.0478
2023-11-14	2023-09-30	13F	BROWN & BROWN	COM	115236101	27,885,759	33,085		1,947,541		0.0086
2023-08-14	2023-06-30	13F	BROWN & BROWN	COM	115236101	27,852,674	-80,633	-0.29	1,917,378	19.54	0.0455
2023-07-14	2023-03-31	13F/A-1	BROWN & BROWN	COM	115236101	27,933,307	154,154	0.55	1,603,930	1.35	0.0408
2023-05-15	2023-03-31	13F	BROWN & BROWN	COM	115236101	27,933,307	154,154		1,603,930		0.0085
2023-02-10	2022-12-31	13F	BROWN & BROWN	COM	115236101	27,779,153	519,144	1.90	1,582,578	-4.01	0.0431
2022-11-14	2022-09-30	13F	BROWN & BROWN	COM	115236101	27,260,009	-16,658	-0.06	1,648,685	3.60	0.0485
2022-08-12	2022-06-30	13F	BROWN & BROWN	COM	115236101	27,276,667	154,325	0.57	1,591,321	-18.82	0.0447
2022-05-13	2022-03-31	13F	BROWN & BROWN	COM	115236101	27,122,342	-1,155,507	-4.09	1,960,132	-1.37	0.0464
2022-02-14	2021-12-31	13F	BROWN & BROWN	COM	115236101	28,277,849	277,390	0.99	1,987,368	28.00	0.0451
2021-11-12	2021-09-30	13F	BROWN & BROWN	COM	115236101	28,000,459	3,085,184	12.38	1,552,626	17.27	0.0386
2021-08-13	2021-06-30	13F	BROWN & BROWN	COM	115236101	24,915,275	397,255	1.62	1,323,997	18.14	0.0329
2021-05-14	2021-03-31	13F	BROWN & BROWN	COM	115236101	24,518,020	29,646	0.12	1,120,720	-3.47	0.0303
2021-02-12	2020-12-31	13F	BROWN & BROWN	COM	115236101	24,488,374	558,446	2.33	1,160,994	7.17	0.0337
2020-11-16	2020-09-30	13F	BROWN & BROWN	COM	115236101	23,929,928	-1,267,506	-5.03	1,083,308	5.48	0.0358
2020-08-14	2020-06-30	13F	BROWN & BROWN	COM	115236101	25,197,434	-1,187,613	-4.50	1,027,048	7.47	0.0364
2020-05-15	2020-03-31	13F	BROWN & BROWN	COM	115236101	26,385,047	734,714	2.86	955,668	-5.63	0.0407
2020-02-14	2019-12-31	13F	BROWN & BROWN	COM	115236101	25,650,333	417,616	1.66	1,012,675	11.30	0.0345
2019-11-14	2019-09-30	13F	BROWN & BROWN	COM	115236101	25,232,717	-91,184	-0.36	909,890	7.25	0.0337
2019-08-14	2019-06-30	13F	BROWN & BROWN	COM	115236101	25,323,901	116,551	0.46	848,351	14.05	0.0319
2019-05-15	2019-03-31	13F	BROWN & BROWN	COM	115236101	25,207,350	237,170	0.95	743,869	8.09	0.0292
2019-02-14	2018-12-31	13F	BROWN & BROWN	COM	115236101	24,970,180	767,744	3.17	688,178	-3.84	0.0309
2018-12-13	2018-09-30	13F/A-2	BROWN & BROWN	COM	115236101	24,202,436	525,399	2.22	715,666	9.00	0.0280
2018-11-23	2018-09-30	13F/A-1	BROWN & BROWN	COM	115236101	24,202,436	0		715,666		0.0280
2018-11-14	2018-09-30	13F	BROWN & BROWN	COM	115236101	24,202,436	525,399		715,666
2018-08-14	2018-06-30	13F	BROWN & BROWN	COM	115236101	23,677,037	537,863	2.32	656,564	11.54	0.0275
2018-05-15	2018-03-31	13F	BROWN & BROWN	COM	115236101	23,139,174	11,564,595	99.91	588,661	-1.17	0.0257
2018-02-14	2017-12-31	13F	BROWN & BROWN	COM	115236101	11,574,579	131,298	1.15	595,628	8.01	0.0260
2017-11-14	2017-09-30	13F	BROWN & BROWN	COM	115236101	11,443,281	216,894	1.93	551,451	14.05	0.0258
2017-08-24	2017-06-30	13F/A-1	BROWN & BROWN	COM	115236101	11,226,387	468,116	4.35	483,521	7.73	0.0238
2017-08-11	2017-06-30	13F	BROWN & BROWN	COM	115236101	11,226,387	468,116		483,521
2017-05-12	2017-03-31	13F	BROWN & BROWN	COM	115236101	10,758,271	745,912	7.45	448,836	-0.07	0.0231
2017-02-14	2016-12-31	13F	BROWN & BROWN	COM	115236101	10,012,359	381,738	3.96	449,154	23.68	0.0251
2016-11-14	2016-09-30	13F	BROWN & BROWN	COM	115236101	9,630,621	181,454	1.92	363,171	2.57	0.0213
2016-08-10	2016-06-30	13F	BROWN & BROWN	COM	115236101	9,449,167	354,704	3.90	354,061	8.75	0.0220
2016-05-13	2016-03-31	13F	BROWN & BROWN	COM	115236101	9,094,463	218,696	2.46	325,581	14.27	0.0211
2016-02-08	2015-12-31	13F	BROWN & BROWN	COM	115236101	8,875,767	236,921	2.74	284,912	6.49	0.0192
2015-11-12	2015-09-30	13F/A-1	BROWN & BROWN	COM	115236101	8,638,846	252,469	3.01	267,545	-2.91	0.0114
2015-11-12	2015-09-30	13F/A-1	BROWN & BROWN	COM	115236101	8,638,846	252,469		267,545		0.0114
2015-11-12	2015-09-30	13F	BROWN & BROWN	COM	115236101	17,711,656			609,028
2015-08-13	2015-06-30	13F	BROWN & BROWN	COM	115236101	8,386,377	137,488	1.67	275,577	0.90	0.0186
2015-05-15	2015-03-31	13F/A-1	BROWN & BROWN	COM	115236101	8,248,889	-78,449	-0.94	273,121	-0.34	0.0185
2015-05-14	2015-03-31	13F	BROWN & BROWN	COM	115236101	8,248,889			273,121
2015-02-12	2014-12-31	13F	BROWN & BROWN	COM	115236101	8,327,338	128,206	1.56	274,052	3.96	0.0197
2014-11-12	2014-09-30	13F	BROWN & BROWN	COM	115236101	8,199,132	80,933	1.00	263,603	5.73	0.0205
2014-08-11	2014-06-30	13F	BROWN & BROWN	COM	115236101	8,118,199	109,236	1.36	249,310	1.20	0.0196
2014-05-13	2014-03-31	13F	BROWN & BROWN	COM	115236101	8,008,963	156,259	1.99	246,356	-0.06	0.0207
2014-02-12	2013-12-31	13F	BROWN & BROWN	COM	115236101	7,852,704	562,621	7.72	246,496	5.33	0.0217
2013-11-07	2013-09-30	13F	BROWN & BROWN	COM	115236101	7,290,083	203,714	2.87	234,012	2.43	0.0229
2013-08-13	2013-06-30	13F	BROWN & BROWN	COM	115236101	7,086,369	7,086,369		228,464		0.0240

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.