SCHEDULE: Vanguard Group Reports 0% Brown & Brown Inc. Ownership

The Vanguard Group reports 0% beneficial ownership in Brown & Brown Inc. common stock following an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 13 to Schedule 13G regarding its beneficial ownership of Brown & Brown Inc. common stock (CUSIP 115236101).
• As of the event date, March 13, 2026, The Vanguard Group reports 0% sole voting power, 0% shared voting power, 0% sole dispositive power, and 0% shared dispositive power over Brown & Brown Inc. common stock.
• The aggregate amount beneficially owned by The Vanguard Group is 0 shares, representing 0% of the class.
• This change is attributed to an internal realignment within The Vanguard Group, Inc. that occurred on January 12, 2026.
• Following the realignment, certain subsidiaries or business divisions of The Vanguard Group, Inc. will now report beneficial ownership separately (on a disaggregated basis) in reliance on SEC Release No. 34-39538.
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these disaggregated subsidiaries and/or business divisions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting an internal structural change at Vanguard, not a direct positive or negative signal for Brown & Brown Inc. The underlying holdings by Vanguard's subsidiaries are expected to continue.

Industry Context

StockSavvy.ai notes that this filing reflects an internal structural and reporting change within The Vanguard Group, a major institutional investor. Such realignments are common for large asset managers to optimize operational efficiency or comply with evolving regulatory interpretations, rather than indicating a direct change in investment sentiment towards Brown & Brown Inc. by the broader Vanguard family of funds.

Stakeholder Impact

• Shareholders of Brown & Brown Inc. will observe a change in the reported beneficial ownership by The Vanguard Group as the parent entity, though the underlying investment by Vanguard's subsidiaries is expected to continue under disaggregated reporting.
• The primary impact is on how The Vanguard Group's beneficial ownership is reported to the SEC, reflecting an internal organizational change.

Key Dates

Keywords

Vanguard Group, Brown & Brown Inc, Schedule 13G, Beneficial Ownership, Institutional Investor, SEC Filing, Investment Management, Common Stock, Realignment