The campaign of Massachusetts Sen. Scott Brown (R) raised $3.4 million in the first quarter of 2012 and had about $15 million in cash on hand — a huge war chest for his race against Harvard professor and consumer advocate Elizabeth Warren (D).

Warren hasn’t announced her full fundraising haul for the first quarter, but her campaign said it raised $2.5 million from “Massachusetts families.”

“The people of Massachusetts appreciate the independent, pro-jobs perspective that Senator Brown brings to each issue and they have rewarded him with yet another strong quarter of fundraising,” John Cook, Brown’s campaign finance director, said in a statement. “We will once again be outraised by the Hollywood elites and out-of-state liberals that are backing our opponent, but we will have resources we need to run our race.”