First Eagle Investment Management significantly increased its position in Brown & Brown, Inc. (BRO), according to a recent SEC filing. The filing, which reflects holdings as of June 30, 2026, shows a 165.83% increase in shares held, bringing the total to 23.46 million. The reported value of this holding surged from $575.36 million to $1.50 billion.
Investors should note that 13F filings are submitted to the SEC quarterly and are released with a delay, meaning this disclosure reflects a position held at the end of the second quarter and not necessarily First Eagle's current holdings. The estimated value of the trades to acquire these additional shares is approximately $938.63 million, making it a substantial move for the investment manager.