# Fund Sells Brown & Brown Stock

> Parnassus cut Brown & Brown shares after AI risks.
- Title: Fund Sells Brown & Brown Stock · Yahoo Finance | Shortify
- Summary: Parnassus cut Brown & Brown shares after AI risks. Parnassus Growth Equity Fund sold Brown & Brown stock due to AI integration challenges and industry…
- Keywords: parnassus growth equity fund, brown & brown, bro, nyse, ai integration, insurance brokerage, hedge fund, business, finance, Fund, Sells, Brown
- Source: Yahoo Finance — https://finance.yahoo.com/markets/stocks/articles/why-fund-sold-brown-brown-145828796.html
- Published: 2026-09-16T14:58:28+00:00
- Read time: 1 min
- Topics: parnassus growth equity fund, brown & brown, bro, nyse, ai integration, insurance brokerage, hedge fund, business, finance
## Parnassus Fund Report
Parnassus Investments released Q2 2026 investor letter.
## Fund Performance
Fund returned 17.49% net of fees in Q2 2026.
## Brown & Brown Stock
Brown & Brown shares closed at $67.23 per share.
## Fund's Reason for Sale
Fund sold Brown & Brown due to AI integration risks.

> We sold Brown & Brown Inc. during the quarter. Brown & Brown, Inc. (NYSE:BRO) remains a high-quality business, but we see rising near term risks as the company navigates an industry downturn, integrates a large acquisition and works to close an AI capability gap versus larger peers.
## Market Context
AI stocks outperforming in Q2 2026.
## What Happens Next
Hedge funds may shift focus to AI stocks.
## Key takeaway

Parnassus Growth Equity Fund sold Brown & Brown stock due to AI integration challenges and industry downturn risks.