Joel Greenblatt acquired 203 Thousand Brown & Brown shares worth $22.6 Million. That's 0.23% of their equity portfolio (63rd largest holding). The first Brown & Brown trade was made in Q1 2011. Since then Joel Greenblatt bought shares 30 more times and sold shares on thirteen occasions. The stake costed the investor $14.2 Million, netting the investor a gain of 60% so far.