BROWN & BROWN INC

Ticker: BRO CUSIP: 115236101 Class: Common Stock

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
VANGUARD GROUP INC37,634,847$2,999,497
BlackRock, Inc.21,770,945$1,735,144
Capital World Investors17,886,395$1,425,546
PRINCIPAL FINANCIAL GROUP INC15,362,548$1,224,398
STATE STREET CORP13,403,814$1,068,284
FMR LLC10,536,563$839,764
Select Equity Group, L.P.9,434,802$751,954
GEODE CAPITAL MANAGEMENT, LLC7,952,957$631,495
NORGES BANK6,484,778$516,837
PARNASSUS INVESTMENTS, LLC6,204,729$494,517
Capital International Investors4,663,165$371,654
MORGAN STANLEY4,620,122$368,224
VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V.4,538,584$361,725
DEUTSCHE BANK AG\3,929,461$313,178
BARCLAYS PLC3,397,991$270,820
ROYAL BANK OF CANADA3,396,464$270,699
WELLS FARGO & COMPANY/MN3,009,060$239,822
Invesco Ltd.2,858,421$227,816
Allspring Global Investments Holdings, LLC2,802,327$217,517
BANK OF AMERICA CORP /DE/2,494,762$198,833
NORTHERN TRUST CORP2,456,172$195,757
JPMORGAN CHASE & CO2,422,970$193,111
GOLDMAN SACHS GROUP INC2,184,733$174,123
FENIMORE ASSET MANAGEMENT INC2,183,511$174,026
MANUFACTURERS LIFE INSURANCE COMPANY, THE2,041,737$162,726
Madison Asset Management, LLC1,987,110$158,373
UBS Group AG1,972,258$157,189
ProShare Advisors LLC1,849,673$147,419
CHARLES SCHWAB INVESTMENT MANAGEMENT INC1,753,576$139,760
DIMENSIONAL FUND ADVISORS LP1,723,389$137,362
UBS ASSET MANAGEMENT AMERICAS INC1,490,755$118,813
GOBI CAPITAL LLC1,428,677$113,866
Bank of New York Mellon Corp1,389,128$110,713
NATIXIS ADVISORS, L.P.1,358,086$108
Tandem Investment Advisors, Inc.1,291,818$102,958
Legal & General Group Plc1,112,254$88,647
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND1,111,607$88,595
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC1,107,903$88,300
Champlain Investment Partners, LLC1,099,310$87,615
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC1,098,158$87,523
RENAISSANCE TECHNOLOGIES LLC1,074,000$85,598
RAYMOND JAMES FINANCIAL INC1,008,132$80,348
Rathbones Group PLC980,954$78,182
Verition Fund Management LLC928,061$73,966
Polar Capital Holdings Plc925,000$73,723
Jain Global LLC843,015$67,188
Sumitomo Mitsui Trust Holdings, Inc.833,045$66,394
CHILTON INVESTMENT CO INC.827,866$65,981
Swiss National Bank793,600$63,250
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.777,508$61,967
Giverny Capital Inc.772,520$61,570
MILLENNIUM MANAGEMENT LLC748,610$59,664
NORDEA INVESTMENT MANAGEMENT AB745,960$59,744
ROYAL LONDON ASSET MANAGEMENT LTD691,574$55,118
BROWN BROTHERS HARRIMAN & CO672,458$53,595
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.671,735$52,140
Dundas Partners LLP666,803$53,144
Quantum Capital Management, LLC / NJ649,855$51,793
ENVESTNET ASSET MANAGEMENT INC625,105$49,821
HSBC HOLDINGS PLC610,737$48,744
BNP PARIBAS ARBITRAGE, SA609,825$48,603
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM605,569$48,264
Nuveen, LLC600,510$47,861
Prana Capital Management, LP596,403$47,533
CONGRESS ASSET MANAGEMENT CO /MA580,610$46,275
PFA Pension, Forsikringsaktieselskab576,240$46,226
SEI INVESTMENTS CO570,986$45,508
RHUMBLINE ADVISERS569,029$45,352
Amundi568,106$45,278
SCHWARTZ INVESTMENT COUNSEL INC555,400$44,265
SNYDER CAPITAL MANAGEMENT L P555,292$44,257
Clarkston Capital Partners, LLC554,060$44,159
CBOE Vest Financial, LLC552,994$44,074
PRICE T ROWE ASSOCIATES INC /MD/527,749$42
National Pension Service503,604$40,137
NOMURA ASSET MANAGEMENT CO LTD503,259$40,110
CAPTRUST FINANCIAL ADVISORS485,153$38,667
BANK OF MONTREAL /CAN/467,536$37,263
ABN AMRO INVESTMENT SOLUTIONS461,567$36,787
EULAV Asset Management444,900$35,459
CIBC Asset Management Inc432,392$34,394
OSTERWEIS CAPITAL MANAGEMENT INC425,746$33,932
Mitsubishi UFJ Trust & Banking Corp422,384$33,664
CONFLUENCE INVESTMENT MANAGEMENT LLC413,319$32,941
CITIGROUP INC412,979$32,914
TimesSquare Capital Management, LLC409,702$32,653
Local Pensions Partnership Investment Ltd406,000$32,356
DF DENT & CO INC386,955$30,840
BARR E S & CO362,669$28,905
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM348,673$27,789
Russell Investments Group, Ltd.318,440$25,395
PhiloSmith Capital Corp317,450$25,301
Squarepoint Ops LLC312,779$24,928
ALLIANCEBERNSTEIN L.P.308,834$24,614
Cresset Asset Management, LLC308,555$24,592
Gotham Asset Management, LLC300,530$23,952
STIFEL FINANCIAL CORP297,133$23,683
CORTLAND ASSOCIATES INC/MO289,445$23,069
Corient Private Wealth LLC284,679$20,413
FIL Ltd279,571$22,282
772 other institutions22,612,217$1,572,838
Total (872 institutions)271,831,342$21,274,212