Brown & Brown, Inc. (BRO) is held by institutional investors who disclose positions via SEC 13F filings. View the full list of institutional holders on HoldingsIntel.

Are institutions buying or selling BRO?

HoldingsIntel tracks quarter-over-quarter changes in institutional positions for Brown & Brown, Inc., showing new buyers, position increases, decreases, and exits with conviction-weighted sentiment.

What is the Smart Money Verdict on BRO?

The Smart Money Verdict combines four independent signals (institutional 13F activity, insider trades, activist filings, and congressional trades) into a single assessment for Brown & Brown, Inc..

Is institutional money flowing into BRO?

283 institutional investors hold Brown & Brown, Inc. (BRO). View detailed buyer/seller breakdown on HoldingsIntel.

What do hedge funds think about BRO?

Track institutional sentiment and conviction scores for Brown & Brown, Inc. (BRO) including Smart Money Verdict and position changes on HoldingsIntel.

Brown & Brown, Inc.

BRO·115236101·US·equity·Financial Services - Insurance Brokers-13D/G

BRO (Brown & Brown, Inc.) is held by 283 institutional investors as of Q4 2025. Largest holders: VANGUARD GROUP INC ($3B), BlackRock, Inc. ($1.7B), Capital World Investors ($1.4B). Net institutional sentiment: Mixed.

283

Holders

Avg rating(21 Elite)

$19.4B

Total Value

46% (296)

Fund Consensus

132 buying - 158 selling

Smart Money VerdictView all

54Mixed MomentumSplit Signals

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See how BRO's score breaks down across 4 SEC sources

Held by 283 funds

21 elite

Who's Trading

ActivistThe Vanguard Group0.0%Mar 26, 2026

Congress

13F: Dec 31, 2025Insider & Congress: Updated regularly

CongressRohit KhannaBuyFeb 24, 2026

CongressRohit KhannaBuyFeb 17, 2026

CongressByron DonaldsSale $1,001 - $15,000Feb 10, 2026

ActivistCapital World Investors5.3%Nov 13, 2025

InsiderKRUMP PAUL JBuy $250KAug 8, 2025

InsiderMasojada Bronislaw EdmundBuy $91KAug 6, 2025

Fund	Action	Shares	Value	Weight	Est. P&L	Conviction
VANGUARD GROUP INC	Increased	37.6M(+0.8%)	$3B	0.0%	-29.48%	32
BlackRock, Inc.	Increased	21.8M(+3.8%)	$1.7B	0.0%	-28.49%	33
Capital World Investors	Increased	17.9M(+2.3%)	$1.4B	0.2%	-27.93%	39
PRINCIPAL FINANCIAL GROUP INC	Decreased	15.4M(-0.3%)	$1.2B	0.6%	+28.50%	0
STATE STREET CORP	Increased	13.4M(+2.2%)	$1.1B	0.0%	-5.12%	33
FMR LLC	Decreased	10.5M(-11.8%)	$839.8M	0.0%	-30.47%	0
Select Equity Group, L.P.	Increased	9.4M(+55.3%)	$752M	3.2%	+33.98%	82
GEODE CAPITAL MANAGEMENT, LLC	Increased	8M(+1.5%)	$631.5M	0.0%	+20.25%	32
PARNASSUS INVESTMENTS, LLC	Decreased	6.2M(-9.2%)	$494.5M	1.3%	-40.87%	0
Capital International Investors	New	4.7M	$371.7M	0.1%	-9.85%	43
MORGAN STANLEY	Decreased	4.6M(-1.6%)	$368.2M	0.0%	-18.52%	0
VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V.	Increased	4.5M(+132.8%)	$361.7M	3.1%	-15.54%	92
DEUTSCHE BANK AG\	Increased	3.9M(+53.0%)	$313.2M	0.1%	-16.06%	52
BARCLAYS PLC	Increased	3.4M(+35.1%)	$270.8M	0.1%	-16.76%	40
ROYAL BANK OF CANADA	Decreased	3.4M(-30.5%)	$270.7M	0.0%	-27.22%	0
WELLS FARGO & COMPANY/MN	Decreased	3M(-6.1%)	$239.8M	0.0%	+3.54%	0
Invesco Ltd.	Increased	2.9M(+19.0%)	$227.8M	0.0%	-10.00%	36
Allspring Global Investments Holdings, LLC	Increased	2.8M(+2.1%)	$217.5M	0.4%	+5.83%	37
BANK OF AMERICA CORP /DE/	Decreased	2.5M(-3.2%)	$198.8M	0.0%	-31.03%	0
NORTHERN TRUST CORP	Decreased	2.5M(-5.6%)	$195.8M	0.0%	+41.55%	0
JPMORGAN CHASE & CO	Increased	2.4M(+25.4%)	$193.1M	0.0%	-22.58%	38
GOLDMAN SACHS GROUP INC	Increased	2.2M(+2.6%)	$174.1M	0.0%	-28.57%	31
MANUFACTURERS LIFE INSURANCE COMPANY, THE	Decreased	2M(-11.5%)	$162.7M	0.1%	+3.53%	0
UBS Group AG	Increased	2M(+31.8%)	$157.2M	0.0%	-17.17%	39
ProShare Advisors LLC	Increased	1.8M(+8.8%)	$147.4M	0.3%	-0.52%	39
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	Increased	1.8M(+2.7%)	$139.8M	0.0%	+27.29%	31
DIMENSIONAL FUND ADVISORS LP	Increased	1.7M(+9.7%)	$137.4M	0.0%	+17.08%	33
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	Decreased	1.5M(-2.5%)	$118.8M	0.0%	-5.28%	0
Bank of New York Mellon Corp	Decreased	1.4M(-2.2%)	$110.7M	0.0%	+44.21%	0
Legal & General Group Plc	Decreased	1.1M(-3.4%)	$88.6M	0.0%	+43.64%	0
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	Decreased	1.1M(-38.5%)	$88.6M	0.1%	-33.35%	0
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	Decreased	1.1M(-8.0%)	$88.3M	0.2%	-3.33%	0
Champlain Investment Partners, LLC	New	1.1M	$87.6M	0.9%	-9.85%	58
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC	Decreased	1.1M(-53.1%)	$87.5M	0.1%	-33.32%	0
RENAISSANCE TECHNOLOGIES LLC	Increased	1.1M(+8.8%)	$85.6M	0.1%	-29.41%	39
RAYMOND JAMES FINANCIAL INC	Decreased	1M(-7.3%)	$80.3M	0.0%	-34.05%	0
Rathbones Group PLC	Increased	980,954(+23.4%)	$78.2M	0.3%	-27.54%	43
Verition Fund Management LLC	Increased	928,061(+19.6%)	$74M	0.3%	-26.76%	42
Polar Capital Holdings Plc	Increased	925,000(+37.0%)	$73.7M	0.3%	-19.09%	46
Jain Global LLC	Unchanged	843,015	$67.2M	0.3%	-33.76%	0
Sumitomo Mitsui Trust Group, Inc.	Increased	833,045(+1.5%)	$66.4M	0.0%	+15.07%	30
Swiss National Bank	Decreased	793,600(-7.3%)	$63.2M	0.0%	+33.64%	0
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.	New	777,508	$62M	0.1%	-9.85%	41
NORDEA INVESTMENT MANAGEMENT AB	Decreased	745,960(-11.4%)	$59.7M	0.1%	-33.93%	0
MILLENNIUM MANAGEMENT LLC	Increased	748,610(+658.5%)	$59.7M	0.0%	-12.61%	48
ROYAL LONDON ASSET MANAGEMENT LTD	Decreased	691,574(-46.3%)	$55.1M	0.1%	-2.70%	0
BROWN BROTHERS HARRIMAN & CO	Decreased	672,458(-14.7%)	$53.6M	0.3%	-14.83%	0
Mitsubishi UFJ Asset Management Co., Ltd.	Increased	671,735(+4.6%)	$52.1M	0.0%	-11.17%	31
ENVESTNET ASSET MANAGEMENT INC	Decreased	625,105(-12.4%)	$49.8M	0.0%	-4.84%	0
HSBC HOLDINGS PLC	Increased	610,737(+3.7%)	$48.7M	0.0%	-5.65%	30
BNP PARIBAS FINANCIAL MARKETS	Increased	609,825(+90.5%)	$48.6M	0.0%	-15.93%	46
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM	Decreased	605,569(-13.5%)	$48.3M	0.0%	+108.09%	0
Nuveen, LLC	Decreased	600,510(-8.7%)	$47.9M	0.0%	-39.77%	0
CONGRESS ASSET MANAGEMENT CO	Decreased	580,610(-13.3%)	$46.3M	0.3%	-0.95%	0
PFA Pension, Forsikringsaktieselskab	New	576,240	$46.2M	0.1%	-9.85%	48
SEI INVESTMENTS CO	Increased	570,986(+15.5%)	$45.5M	0.0%	-20.14%	34
RHUMBLINE ADVISERS	Decreased	569,029(-1.3%)	$45.4M	0.0%	+66.74%	0
Amundi	Increased	568,106(+5.0%)	$45.3M	0.0%	-27.56%	31
National Pension Service	Increased	503,604(+43.0%)	$40.1M	0.0%	-3.19%	39
NOMURA ASSET MANAGEMENT CO LTD	Increased	503,259(+6.8%)	$40.1M	0.1%	+5.21%	37
CAPTRUST FINANCIAL ADVISORS	Decreased	485,153(-4.9%)	$38.7M	0.1%	-37.46%	0
BANK OF MONTREAL /CAN/	Decreased	467,536(-21.9%)	$37.3M	0.0%	-31.35%	0
CIBC Asset Management Inc	Increased	432,392(+459.7%)	$34.4M	0.1%	-11.95%	47
Mitsubishi UFJ Trust & Banking Corp	Decreased	422,384(-23.4%)	$33.7M	0.1%	-21.21%	0
CITIGROUP INC	Increased	412,979(+63.2%)	$32.9M	0.0%	-25.49%	42
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	Decreased	348,673(-13.0%)	$27.8M	0.0%	+76.66%	0
Russell Investments Group, Ltd.	Increased	318,440(+13.3%)	$25.4M	0.0%	-15.87%	32
Squarepoint Ops LLC	Decreased	312,779(-1.2%)	$24.9M	0.0%	-33.55%	0
ALLIANCEBERNSTEIN L.P.	Increased	308,834(+5.7%)	$24.6M	0.0%	+56.01%	30
M&T BANK CORP	Increased	75,486(+679.3%)	$24.6M	0.1%	-9.44%	46
Cresset Asset Management, LLC	Decreased	308,555(-9.4%)	$24.6M	0.1%	-4.46%	0
Gotham Asset Management, LLC	Decreased	300,530(-39.4%)	$24M	0.1%	-15.43%	0
STIFEL FINANCIAL CORP	Decreased	297,133(-3.7%)	$23.7M	0.0%	+34.94%	0
FIL Ltd	Decreased	279,571(-18.9%)	$22.3M	0.0%	-15.19%	0
LPL Financial LLC	Increased	277,444(+6.0%)	$22.1M	0.0%	-10.96%	30
WORLDQUANT MILLENNIUM ADVISORS LLC	New	276,143	$22M	0.1%	-9.85%	39
AMERIPRISE FINANCIAL INC	Decreased	273,942(-2.7%)	$21.8M	0.0%	-6.85%	0
Pictet Asset Management Holding SA	Decreased	258,141(-20.8%)	$20.6M	0.0%	-14.62%	0
Corient Private Wealth LLC	Decreased	284,679(-16.7%)	$20.4M	0.0%	-1.34%	0
TRUIST FINANCIAL CORP	Decreased	249,304(-7.0%)	$19.9M	0.0%	-14.56%	0
AVIVA PLC	Increased	239,542(+5.2%)	$19.1M	0.0%	-21.24%	30
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	Decreased	225,741(-7.2%)	$18M	0.0%	+152.26%	0
APG Asset Management N.V.	Decreased	261,387(-19.5%)	$17.7M	0.1%	+29.57%	0
Candriam S.C.A.	Decreased	207,323(-4.7%)	$16.5M	0.1%	+1.07%	0
DANSKE BANK A/S	Increased	202,363(+10.8%)	$16.1M	0.0%	-38.81%	31
ExodusPoint Capital Management, LP	Increased	194,797(+122.2%)	$15.5M	0.1%	-19.25%	54
State of Tennessee, Department of Treasury	Increased	202,621(+95.8%)	$14.6M	0.0%	-6.89%	45
Baird Financial Group, Inc.	Increased	181,163(+1.0%)	$14.4M	0.0%	+40.04%	28
WHITTIER TRUST CO	Decreased	179,872(-0.3%)	$14.4M	0.2%	+19.96%	0
MACKENZIE FINANCIAL CORP	Increased	172,852(+511.3%)	$13.8M	0.0%	-10.76%	45
Aberdeen Group plc	Decreased	173,615(-5.4%)	$13.8M	0.0%	-21.23%	0
Universal- Beteiligungs- und Servicegesellschaft mbH	Increased	172,518(+13.4%)	$13.8M	0.0%	-26.42%	32
BAILLIE GIFFORD & CO	New	166,161	$13.2M	0.0%	-9.85%	39
1832 Asset Management L.P.	Decreased	164,977(-3.3%)	$13.1M	0.0%	+2.81%	0
STATE OF WISCONSIN INVESTMENT BOARD	Decreased	160,455(-2.8%)	$12.8M	0.0%	+1.02%	0
Sanctuary Advisors, LLC	Decreased	158,250(-0.1%)	$12.6M	0.1%	-19.04%	0
OSAIC HOLDINGS, INC.	Decreased	153,882(-15.5%)	$12.1M	0.0%	-14.52%	0
Chevy Chase Trust Holdings, LLC	Increased	150,366(+0.6%)	$12M	0.0%	+13.34%	28
Korea Investment CORP	Increased	150,298(+39.2%)	$12M	0.0%	-17.59%	37
PRUDENTIAL FINANCIAL INC	Decreased	143,914(-7.5%)	$11.5M	0.0%	-11.17%	0
VICTORY CAPITAL MANAGEMENT INC	Decreased	142,515(-17.8%)	$11.4M	0.0%	+9.25%	0
NEW YORK STATE COMMON RETIREMENT FUND	Increased	139,418(+10.0%)	$11.1M	0.0%	+78.43%	31
TD ASSET MANAGEMENT INC	Decreased	135,369(-3.1%)	$10.8M	0.0%	+48.20%	0
AQR CAPITAL MANAGEMENT LLC	Decreased	135,335(-88.8%)	$10.8M	0.0%	-22.52%	0
NATIONAL BANK OF CANADA /FI/	Decreased	134,725(-26.6%)	$10.7M	0.0%	-22.25%	0
FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND	Decreased	131,743(-11.9%)	$10.5M	0.1%	-4.84%	0
TORONTO DOMINION BANK	Decreased	128,489(-7.6%)	$10.2M	0.0%	-30.51%	0
Resona Asset Management Co.,Ltd.	Decreased	126,993(-1.0%)	$10.2M	0.0%	-21.51%	0
Asset Management One Co., Ltd.	Increased	124,818(+0.9%)	$10.1M	0.0%	+22.72%	28
FRANKLIN RESOURCES INC	Increased	125,286(+1.6%)	$10M	0.0%	-14.66%	28
OMERS ADMINISTRATION Corp	Unchanged	124,671	$9.9M	0.1%	-6.03%	0
WELLINGTON MANAGEMENT GROUP LLP	Decreased	121,446(-30.9%)	$9.7M	0.0%	-2.13%	0
CREDIT AGRICOLE S A	Decreased	118,156(-56.2%)	$9.4M	0.0%	-17.66%	0
COMMONWEALTH EQUITY SERVICES, LLC	Decreased	115,317(-36.0%)	$9.2M	0.0%	+2.79%	0
Quantinno Capital Management LP	Increased	113,037(+1.4%)	$9M	0.0%	-17.90%	28
CITADEL ADVISORS LLC	Increased	112,759(+86.5%)	$9M	0.0%	-24.48%	43
YOUSIF CAPITAL MANAGEMENT, LLC	Decreased	103,324(-1.6%)	$8.2M	0.1%	+5.65%	0
KLP KAPITALFORVALTNING AS	Unchanged	101,700	$8.1M	0.0%	-29.82%	0
VOYA INVESTMENT MANAGEMENT LLC	Decreased	101,223(-6.5%)	$8.1M	0.0%	+2.78%	0
Creative Planning	Increased	99,455(+4.5%)	$7.9M	0.0%	-20.32%	29
State of New Jersey Common Pension Fund D	Decreased	98,788(-4.9%)	$7.9M	0.0%	+33.76%	0
Rafferty Asset Management, LLC	Decreased	89,577(-8.1%)	$7.1M	0.0%	+16.70%	0
Lansforsakringar Fondforvaltning AB (publ)	Increased	88,571	$7.1M	0.0%	-29.35%	27
US BANCORP \DE\	Decreased	87,858(-1.0%)	$7M	0.0%	-25.78%	0
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	Decreased	86,922(-0.3%)	$6.9M	0.0%	+4.21%	0
Boston Trust Walden Corp	Increased	86,294(+27.5%)	$6.9M	0.1%	+36.05%	34
DIAMOND HILL CAPITAL MANAGEMENT INC	Unchanged	79,697	$6.4M	0.0%	+156.87%	0
Arizona State Retirement System	Decreased	79,468(-9.5%)	$6.3M	0.0%	+38.46%	0
Mariner, LLC	Increased	78,182(+4.7%)	$6.2M	0.0%	-3.64%	28
Czech National Bank	Increased	77,423(+4.0%)	$6.2M	0.0%	-10.51%	28
STATE OF MICHIGAN RETIREMENT SYSTEM	Decreased	76,851(-3.0%)	$6.1M	0.0%	+53.16%	0
PUBLIC SECTOR PENSION INVESTMENT BOARD	Increased	74,904(+18.5%)	$6M	0.0%	-7.94%	32
JONES FINANCIAL COMPANIES LLLP	Increased	74,583(+0.6%)	$6M	0.0%	-30.23%	27
Zurcher Kantonalbank (Zurich Cantonalbank)	Increased	72,951(+0.8%)	$5.8M	0.0%	+3.03%	27
BANK OF NOVA SCOTIA	Decreased	72,147(-80.7%)	$5.8M	0.0%	-24.81%	0
MetLife Investment Management, LLC	Decreased	71,779(-2.8%)	$5.7M	0.0%	+39.79%	0
GUGGENHEIM CAPITAL LLC	Decreased	71,752(-29.7%)	$5.7M	0.0%	-13.47%	0
Neuberger Berman Group LLC	Decreased	70,714(-3.6%)	$5.6M	0.0%	-27.03%	0
Walleye Capital LLC	New	69,411	$5.5M	0.0%	-9.85%	37
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS	Decreased	68,298(-2.9%)	$5.4M	0.0%	+10.18%	0
COMERICA BANK	Decreased	66,021(-3.4%)	$5.3M	0.0%	+9.66%	0
Capital International, Inc./CA/	New	64,880	$5.2M	0.0%	-9.85%	37
Rockefeller Capital Management L.P.	Increased	62,504(+163.0%)	$5M	0.0%	-13.63%	43
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.	Increased	62,475(+19.6%)	$5M	0.0%	-15.67%	32
Retirement Systems of Alabama	Decreased	62,464(-0.1%)	$5M	0.0%	+50.96%	0
FULLER & THALER ASSET MANAGEMENT, INC.	Increased	60,380(+33.3%)	$4.8M	0.0%	-17.43%	35
D. E. Shaw & Co., Inc.	Decreased	58,334(-78.0%)	$4.6M	0.0%	-28.77%	0
Mirae Asset Global Investments Co., Ltd.	Increased	58,320(+20.0%)	$4.6M	0.0%	-15.00%	32
DnB Asset Management AS	Increased	57,988(+0.9%)	$4.6M	0.0%	+10.95%	27
Skandinaviska Enskilda Banken AB (publ)	Decreased	57,745(-21.1%)	$4.6M	0.0%	-6.94%	0
CIBC Private Wealth Group LLC	Decreased	55,575(-9.9%)	$4.4M	0.0%	+21.72%	0
NewEdge Advisors, LLC	Decreased	55,150(-6.7%)	$4.4M	0.0%	-23.94%	0
PNC FINANCIAL SERVICES GROUP, INC.	Increased	53,993(+2.4%)	$4.3M	0.0%	+16.23%	27
FORSTA AP-FONDEN	Decreased	53,700(-8.2%)	$4.3M	0.0%	-8.78%	0
BENJAMIN EDWARDS INC	Decreased	53,608(-6.8%)	$4.3M	0.0%	-28.61%	0
NISA INVESTMENT ADVISORS, LLC	Increased	52,818(+6.9%)	$4.2M	0.0%	+32.13%	29
Ensign Peak Advisors, Inc	Decreased	52,284(-63.2%)	$4.2M	0.0%	-8.71%	0
INTECH INVESTMENT MANAGEMENT LLC	Decreased	51,840(-58.5%)	$4.1M	0.0%	-9.20%	0
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp	Increased	51,303(+20.3%)	$4.1M	0.0%	+4.46%	32
Cerity Partners LLC	Decreased	51,270(-33.4%)	$4.1M	0.0%	-20.07%	0
O'SHAUGHNESSY ASSET MANAGEMENT, LLC	Decreased	50,914(-18.1%)	$4.1M	0.0%	-21.65%	0
XPONANCE LLC	Increased	47,954(+6.5%)	$3.8M	0.0%	+6.28%	28
Utah Retirement Systems	Increased	46,613(+1.2%)	$3.7M	0.0%	+79.50%	27
&PARTNERS	Decreased	45,593(-5.9%)	$3.6M	0.0%	-27.63%	0
Police & Firemen's Retirement System of New Jersey	Decreased	44,495(-0.2%)	$3.5M	0.0%	-29.07%	0
SUSQUEHANNA INTERNATIONAL GROUP, LLP	Increased	43,472(+52.2%)	$3.5M	0.0%	-20.72%	37
XTX Topco Ltd	Increased	41,738(+916.3%)	$3.3M	0.1%	-12.94%	43
CIBC WORLD MARKETS CORP	Increased	40,704(+13.8%)	$3.2M	0.0%	-3.15%	30
NEW YORK LIFE INVESTMENT MANAGEMENT LLC	Increased	40,194(+1.2%)	$3.2M	0.0%	+11.33%	27
Sumitomo Mitsui DS Asset Management Company, Ltd	Decreased	39,981(-0.2%)	$3.2M	0.0%	-0.32%	0
MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC	Decreased	39,272(-3.8%)	$3.1M	0.0%	+77.63%	0
Rakuten Investment Management, Inc.	Decreased	38,456(-84.1%)	$3.1M	0.0%	-22.81%	0
NISSAY ASSET MANAGEMENT CORP /JAPAN	Decreased	38,359(-0.3%)	$3.1M	0.0%	+25.22%	0
AGF MANAGEMENT LTD	Increased	36,938(+9.7%)	$2.9M	0.0%	-10.90%	29
Cetera Investment Advisers	Decreased	36,493(-19.8%)	$2.9M	0.0%	-23.70%	0
UniSuper Management Pty Ltd	Decreased	34,530(-0.0%)	$2.8M	0.0%	-19.91%	0
Tredje AP-fonden	Increased	33,439(+15.7%)	$2.7M	0.0%	-1.03%	30
Vanguard Personalized Indexing Management, LLC	Increased	32,111(+16.4%)	$2.6M	0.0%	-10.82%	30
NEOS Investment Management LLC	Increased	31,214(+18.8%)	$2.5M	0.0%	-22.41%	31
HighTower Advisors, LLC	Decreased	30,049(-1.0%)	$2.4M	0.0%	+5.97%	0
DAVENPORT & Co LLC	Decreased	29,399(-13.7%)	$2.3M	0.0%	-19.80%	0
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	Increased	28,314(+8.2%)	$2.3M	0.0%	-20.06%	28
Steward Partners Investment Advisory, LLC	Increased	28,268(+0.2%)	$2.3M	0.0%	+14.68%	26
BALYASNY ASSET MANAGEMENT L.P.	Increased	26,601(+60.3%)	$2.1M	0.0%	-26.41%	37
JANUS HENDERSON GROUP PLC	Increased	26,156(+2.4%)	$2.1M	0.0%	-21.81%	27
Allianz Asset Management GmbH	Decreased	24,714(-90.6%)	$2M	0.0%	-13.15%	0
Savant Capital, LLC	Decreased	24,608(-19.5%)	$2M	0.0%	-15.94%	0
QRG CAPITAL MANAGEMENT, INC.	Increased	24,432(+7.6%)	$1.9M	0.0%	-14.94%	28
Pathstone Holdings, LLC	Decreased	23,759(-3.6%)	$1.9M	0.0%	-8.73%	0
Magnetar Financial LLC	New	23,714	$1.9M	0.0%	-9.85%	36
BLAIR WILLIAM & CO/IL	Decreased	23,545(-1.8%)	$1.9M	0.0%	-28.54%	0
STRS OHIO	Increased	23,418(+251.0%)	$1.9M	0.0%	-18.20%	42
MML INVESTORS SERVICES, LLC	Decreased	23,387(-19.9%)	$1.9M	0.0%	-7.33%	0
Pacer Advisors, Inc.	Decreased	23,058(-2.2%)	$1.8M	0.0%	-16.76%	0
Swiss Life Asset Management Ltd	Increased	22,636(+12.4%)	$1.8M	0.0%	-28.41%	29
Empowered Funds, LLC	Decreased	22,141(-28.0%)	$1.8M	0.0%	-30.62%	0
Lido Advisors, LLC	Increased	19,252(+2.3%)	$1.8M	0.0%	-28.82%	26
MACQUARIE GROUP LTD	Decreased	20,866(-97.4%)	$1.7M	0.0%	-29.06%	0
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	Decreased	20,667(-8.6%)	$1.6M	0.0%	+14.70%	0
GLENMEDE TRUST CO NA	Increased	19,691(+24.5%)	$1.6M	0.0%	+9.99%	31
Tidal Investments LLC	Decreased	19,232(-18.8%)	$1.5M	0.0%	-33.00%	0
WCM INVESTMENT MANAGEMENT, LLC	Decreased	19,065(-38.1%)	$1.5M	0.0%	+32.46%	0
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	Decreased	17,781(-51.8%)	$1.4M	0.0%	-28.68%	0
Boston Partners	Decreased	17,252(-98.9%)	$1.4M	0.0%	-33.48%	0
ZACKS INVESTMENT MANAGEMENT	Decreased	16,752(-6.2%)	$1.3M	0.0%	-21.85%	0
Eurizon Capital SGR S.p.A.	New	16,716	$1.3M	0.0%	-9.85%	35
CANADA PENSION PLAN INVESTMENT BOARD	Decreased	16,510(-91.5%)	$1.3M	0.0%	-23.10%	0
WESTWOOD HOLDINGS GROUP INC	Decreased	15,795(-12.9%)	$1.3M	0.0%	-22.08%	0
PRUDENTIAL PLC	Increased	15,629(+47.4%)	$1.2M	0.0%	-4.67%	35
PANAGORA ASSET MANAGEMENT INC	Decreased	15,535(-47.6%)	$1.2M	0.0%	-8.45%	0
SCHRODER INVESTMENT MANAGEMENT GROUP	Decreased	15,350(-33.1%)	$1.2M	0.0%	-2.99%	0
KEYBANK NATIONAL ASSOCIATION/OH	Decreased	15,289(-4.0%)	$1.2M	0.0%	+26.70%	0
GREENLEAF TRUST	Increased	15,148(+1.4%)	$1.2M	0.0%	-22.29%	26
UNITED CAPITAL FINANCIAL ADVISORS, LLC	Increased	14,635(+49.5%)	$1.2M	0.0%	-14.80%	35
Wealthfront Advisers LLC	Increased	14,481(+24.8%)	$1.2M	0.0%	-13.39%	31
BROWN ADVISORY INC	Increased	14,322(+247.9%)	$1.1M	0.0%	-6.04%	41
HB Wealth Management, LLC	Decreased	13,926(-21.7%)	$1.1M	0.0%	-28.51%	0
Sequoia Financial Advisors, LLC	Increased	13,794(+26.1%)	$1.1M	0.0%	-22.44%	31
ING GROEP NV	Decreased	13,552(-1.2%)	$1.1M	0.0%	-22.24%	0
AE Wealth Management LLC	Decreased	13,458(-6.1%)	$1.1M	0.0%	-10.02%	0
Assenagon Asset Management S.A.	Decreased	12,928(-85.0%)	$1M	0.0%	-32.04%	0
MERCER GLOBAL ADVISORS INC /ADV	Decreased	12,520(-62.3%)	$997,834	0.0%	-19.48%	0
FEDERATED HERMES, INC.	Decreased	12,096(-13.1%)	$964,051	0.0%	-31.27%	0
B. Metzler seel. Sohn & Co. AG	Increased	11,638(+7.0%)	$927,549	0.0%	-13.80%	27
FIFTH THIRD BANCORP	Increased	11,483(+27.9%)	$915,195	0.0%	-8.01%	31
FIRST TRUST ADVISORS LP	Decreased	11,461(-85.9%)	$913,429	0.0%	-26.40%	0
Envestnet Portfolio Solutions, Inc.	Decreased	11,129(-14.2%)	$886,996	0.0%	-16.31%	0
MARKEL GROUP INC.	New	11,000	$876,700	0.0%	-9.85%	34
Federation des caisses Desjardins du Quebec	Increased	10,533(+31.1%)	$839,472	0.0%	-23.30%	31
JANE STREET GROUP, LLC	Increased	10,083(+8.9%)	$803,615	0.0%	-21.21%	27
Kestra Advisory Services, LLC	Increased	9,716(+7.2%)	$774,400	0.0%	-17.71%	27
Focus Partners Wealth	Decreased	9,595(-31.4%)	$766,792	0.0%	-28.44%	0
TEACHER RETIREMENT SYSTEM OF TEXAS	Decreased	9,604(-76.2%)	$765,439	0.0%	-23.54%	0
Aptus Capital Advisors, LLC	Decreased	9,417(-0.8%)	$750,536	0.0%	-34.95%	0
COMMERCE BANK	Increased	8,938(+16.1%)	$712,357	0.0%	+34.84%	28
EP Wealth Advisors, LLC	Decreased	8,799(-9.4%)	$701,282	0.0%	-5.79%	0
PINEBRIDGE INVESTMENTS LLC	New	8,499	$677,370	0.0%	-9.85%	34
MARSHALL WACE, LLP	New	8,429	$671,791	0.0%	-9.85%	34
BANCO BILBAO VIZCAYA ARGENTARIA, S.A.	Increased	8,346(+5.6%)	$665,176	0.0%	-11.40%	26
NOMURA HOLDINGS INC	Increased	8,070(+6.9%)	$643,179	0.0%	-21.08%	26
Vident Advisory, LLC	Decreased	7,954(-15.5%)	$633,937	0.0%	-34.69%	0
Jefferies Financial Group Inc.	Decreased	7,446(-65.4%)	$593,447	0.0%	-34.40%	0
IEQ CAPITAL, LLC	Decreased	6,813(-58.4%)	$542,956	0.0%	-22.08%	0
AXXCESS WEALTH MANAGEMENT, LLC	New	6,719	$535,504	0.0%	-9.85%	34
Engineers Gate Manager LP	Decreased	6,129(-42.0%)	$488,481	0.0%	-33.46%	0
HUNTINGTON NATIONAL BANK	Increased	6,008(+16.7%)	$478,840	0.0%	-19.80%	28
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	Decreased	5,980(-84.9%)	$476,606	0.0%	-33.51%	0
RWA WEALTH PARTNERS, LLC	Increased	5,944(+0.9%)	$473,749	0.0%	-28.48%	24
Virtu Financial LLC	New	5,616	$448,000	0.0%	-9.85%	33
Waverly Advisors, LLC	Decreased	5,464(-20.0%)	$435,504	0.0%	-30.75%	0
Vontobel Holding Ltd.	Decreased	5,187(-27.9%)	$413,404	0.0%	-1.06%	0
GATEWAY INVESTMENT ADVISERS LLC	Increased	5,123(+15.5%)	$408,303	0.0%	+26.42%	27
Wealthspire Advisors, LLC	Increased	4,713(+125.0%)	$375,631	0.0%	-19.88%	38
TCW GROUP INC	New	4,373	$348,528	0.0%	-9.85%	33
Equitable Holdings, Inc.	Increased	4,183(+17.1%)	$333,385	0.0%	-28.40%	27
D.A. DAVIDSON & CO.	Decreased	3,674(-84.1%)	$292,818	0.0%	+1.05%	0
Private Advisor Group, LLC	Decreased	3,612(-21.3%)	$287,882	0.0%	-21.40%	0
Fisher Asset Management, LLC	New	3,546	$282,683	0.0%	-9.85%	32
Orion Porfolio Solutions, LLC	Increased	3,529(+18.3%)	$281,290	0.0%	-29.57%	27
NewEdge Wealth, LLC	New	3,472	$276,689	0.0%	-9.85%	32
Connor, Clark & Lunn Investment Management Ltd.	Increased	3,383(+12.7%)	$269,625	0.0%	-20.87%	26
MATHER GROUP, LLC.	Increased	2,852(+14.0%)	$227,269	0.0%	-18.30%	26
REGIONS FINANCIAL CORP	Decreased	2,828(-13.2%)	$225,392	0.0%	-20.76%	0
Merit Financial Group, LLC	Decreased	2,809(-64.9%)	$223,919	0.0%	-25.77%	0
Farther Finance Advisors, LLC	Decreased	2,669(-11.8%)	$212,746	0.0%	-7.06%	0
MAI Capital Management	Decreased	2,222(-12.3%)	$177,094	0.0%	-30.55%	0
SIMPLEX TRADING, LLC	Increased	1,501(+395.4%)	$119,629	0.0%	-16.03%	36
Allworth Financial LP	Decreased	1,478(-39.5%)	$117,808	0.0%	-30.68%	0
LOS ANGELES CAPITAL MANAGEMENT LLC	Decreased	1,227(-93.1%)	$98,712	0.0%	-19.53%	0
ASSETMARK, INC	Decreased	900(-2.5%)	$71,709	0.0%	-29.61%	0
Optiver Holding B.V.	Increased	653(+874.6%)	$52,044	0.0%	-11.27%	23
EXCHANGE TRADED CONCEPTS, LLC	Decreased	555(-12.2%)	$44,234	0.0%	-31.80%	0
PRICE T ROWE ASSOCIATES INC /MD/	Decreased	527,749(-22.2%)	$42,062	0.0%	-3.30%	0
Bank Julius Baer & Co. Ltd, Zurich	Decreased	304(-99.0%)	$24,214	0.0%	-40.87%	0
BNP Paribas Asset Management Holding S.A.	Decreased	277,939(-23.4%)	$22,157	0.0%	-21.55%	0
TD Waterhouse Canada Inc.	Unchanged	219	$17,452	0.0%	-39.82%	0
CULLEN/FROST BANKERS, INC.	Increased	107(+1.9%)	$8,560	0.0%	-33.43%	17
First Command Advisory Services, Inc.	Decreased	101(-18.6%)	$8,050	0.0%	-26.42%	0
IFM Investors Pty Ltd	Increased	52,619(+0.7%)	$4,194	0.0%	+17.23%	14
HRT FINANCIAL LP	New	26,320	$2,097	0.0%	-9.85%	16
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main	New	1	$69	0.0%	-9.85%	17
SOROS FUND MANAGEMENT LLC	Exited	0(-100.0%)	$797,215	0.0%	-26.52%	0
Marex Group plc	Exited	0(-100.0%)	$1.8M	0.0%	-13.57%	0
MONETA GROUP INVESTMENT ADVISORS LLC	Exited	0(-100.0%)	$236,820	0.0%	+9.82%	0
Robeco Institutional Asset Management B.V.	Exited	0(-100.0%)	$1.1M	0.0%	-9.77%	0
Holocene Advisors, LP	Exited	0(-100.0%)	$30.3M	0.0%	-26.52%	0
CAPITAL FUND MANAGEMENT S.A.	Exited	0(-100.0%)	$12.9M	0.0%	-17.85%	0
CI INVESTMENTS INC.	Exited	0(-100.0%)	$88	0.0%	+11.95%	0
Erste Asset Management GmbH	Unchanged	0	$0	0.0%	-33.76%	0
Capitolis Liquid Global Markets LLC	Exited	0(-100.0%)	$25.2M	0.0%	-13.57%	0
Man Group plc	Exited	0(-100.0%)	$1.5M	0.0%	+4.78%	0
Schonfeld Strategic Advisors LLC	Exited	0(-100.0%)	$5.1M	0.0%	-26.59%	0
NATIXIS	Exited	0(-100.0%)	$4.2M	0.0%	-26.35%	0
TWO SIGMA INVESTMENTS, LP	Exited	0(-100.0%)	$2.1M	0.0%	-26.52%	0
Integrated Wealth Concepts LLC	Exited	0(-100.0%)	$1.1M	0.0%	+5.90%	0

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