Marsh & McLennan Companies, Inc.
MRSH- Exchange
- NYSE
- Industry
- Insurance Agents, Brokers & Service
- SEC CIK
- 0000062709
In the last 90 days, Marsh & McLennan Companies, Inc. insiders filed 0 open-market purchases and 6 sales; 1,506 institutions reported holding it in 13F filings for Q2 2026, worth $73.1B in total; superinvestors Harris Associates (Oakmark) and Markel Group hold it.
13F holders, Q4 2025
Institutional positions in Marsh & McLennan Companies, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 1,594
- +51 vs. Q3 2025
- Shares held
- 435.8M
- +3.70M (+0.9%) vs. Q3 2025
- Total value
- $80.9B
- −$6.18B (−7.1%) vs. Q3 2025
- New holders
- 219
- 527 more added
- Sold out
- 168
- 644 more reduced
33 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting MRSH on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 1,506 | $73.1B |
| Q1 2026 | 1,548 | $76.1B |
| Q4 2025 | 1,594 | $80.9B |
| Q3 2025 | 1,576 | $87.2B |
| Q2 2025 | 1,610 | $97.3B |
| Q1 2025 | 1,627 | $108.0B |
| Q4 2024 | 1,578 | $94.2B |
| Q3 2024 | 1,531 | $97.1B |
| Q2 2024 | 1,476 | $92.3B |
| Q1 2024 | 1,444 | $89.9B |
| Q4 2023 | 1,376 | $82.4B |
| Q3 2023 | 1,294 | $82.0B |
| Q2 2023 | 1,258 | $81.5B |
| Q1 2023 | 1,228 | $72.1B |
| Q4 2022 | 1,223 | $72.3B |
| Q3 2022 | 1,159 | $65.5B |
| Q2 2022 | 1,150 | $68.6B |
| Q1 2022 | 1,151 | $75.2B |
| Q4 2021 | 1,170 | $77.6B |
| Q3 2021 | 1,078 | $68.0B |
| Q2 2021 | 1,007 | $63.6B |
| Q1 2021 | 979 | $54.7B |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Marsh & McLennan Companies, Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Lansforsakringar Fondforvaltning AB (publ) | 158,816 | $29.5M | 0.15% | +1,446+0.9% | Added |
| Nisa Investment Advisors, LLC | 157,563 | $29.2M | 0.10% | +4,804+3.1% | Added |
| Quantinno Capital Management LP | 157,063 | $29.1M | 0.06% | +35,593+29.3% | Added |
| Horizon Kinetics Asset Management LLC | 156,685 | $29.1M | 0.39% | −534−0.3% | Reduced |
| State of Tennessee, Treasury Department | 150,454 | $28.3M | 0.09% | +25,829+20.7% | Added |
| Rafferty Asset Management, LLC | 149,456 | $27.7M | 0.10% | −14,159−8.7% | Reduced |
| Voya Investment Management LLC | 148,809 | $27.6M | 0.03% | −65,759−30.6% | Reduced |
| Jump Financial, LLC | 147,887 | $27.4M | 0.34% | +84,952+135.0% | Added |
| Federation des caisses Desjardins du Quebec | 146,860 | $27.2M | 0.10% | +12,897+9.6% | Added |
| Glenmede Trust Co NA | 144,482 | $26.8M | 0.13% | +144,482 | New |
| Hardman Johnston Global Advisors LLC | 143,970 | $26.7M | 1.27% | −16,015−10.0% | Reduced |
| US Bancorp | 142,856 | $26.5M | 0.03% | −5,518−3.7% | Reduced |
| Cetera Investment Advisers | 140,844 | $26.1M | 0.03% | +3,514+2.6% | Added |
| Colony Group, LLC | 140,191 | $26.0M | 0.03% | +71,939+105.4% | Added |
| Banco Santander, S.A. | 139,648 | $25.9M | 0.19% | +134,401+2,561.5% | Added |
| Arizona State Retirement System | 138,852 | $25.8M | 0.14% | −5,056−3.5% | Reduced |
| Fifth Third Bancorp | 134,772 | $25.0M | 0.08% | −29,546−18.0% | Reduced |
| Swiss Life Asset Management Ltd | 134,542 | $25.0M | 0.13% | +11,648+9.5% | Added |
| Stock Yards Bank & Trust Co | 133,179 | $24.7M | 0.76% | −3,314−2.4% | Reduced |
| State of Michigan Retirement System | 132,575 | $24.6M | 0.12% | −6,400−4.6% | Reduced |
| EULAV Asset Management | 132,000 | $24.5M | 0.65% | 00.0% | Unchanged |
| Capital Fund Management S.A. | 131,888 | $24.5M | 0.23% | +22,144+20.2% | Added |
| Forsta Ap-Fonden | 131,700 | $24.4M | 0.15% | −12,500−8.7% | Reduced |
| Calamos Advisors LLC | 131,672 | $24.4M | 0.10% | −136,084−50.8% | Reduced |
| Czech National Bank | 129,182 | $24.0M | 0.16% | +4,319+3.5% | Added |
| Varma Mutual Pension Insurance Co | 127,104 | $23.6M | 0.14% | +16,500+14.9% | Added |
| Badgley Phelps Wealth Managers, LLC | 126,911 | $23.5M | 0.43% | −4,573−3.5% | Reduced |
| ASR Vermogensbeheer N.V. | 126,320 | $23.4M | 0.27% | +10,666+9.2% | Added |
| Public Sector Pension Investment Board | 124,804 | $23.2M | 0.08% | −5,211−4.0% | Reduced |
| J. Safra Sarasin Holding AG | 123,955 | $23.0M | 0.37% | −1,154−0.9% | Reduced |
| Teachers Retirement System of the State of Kentucky | 123,602 | $22.9M | 0.17% | 00.0% | Unchanged |
| Comerica Bank | 123,365 | $22.9M | 0.09% | −7,807−6.0% | Reduced |
| Brown Brothers Harriman & Co | 122,804 | $22.8M | 0.12% | −13,375−9.8% | Reduced |
| Choate Investment Advisors | 121,790 | $22.6M | 0.44% | 00.0% | Unchanged |
| Creative Planning | 120,547 | $22.4M | 0.02% | +12,707+11.8% | Added |
| MetLife Investment Management | 120,322 | $22.3M | 0.11% | −4,461−3.6% | Reduced |
| DnB Asset Management AS | 119,088 | $22.1M | 0.08% | +2,446+2.1% | Added |
| Toroso Investments, LLC | 115,910 | $21.5M | 0.09% | +98,867+580.1% | Added |
| Close Asset Management Ltd | 115,637 | $21.5M | 0.48% | −8,493−6.8% | Reduced |
| Deprince Race & Zollo Inc | 114,498 | $21.2M | 0.41% | +18,845+19.7% | Added |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 113,956 | $21.1M | 0.11% | −4,101−3.5% | Reduced |
| ProShare Advisors LLC | 113,464 | $21.0M | 0.04% | +5,480+5.1% | Added |
| SG Americas Securities, LLC | 110,441 | $20.5M | 0.03% | +17,198+18.4% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 111,016 | $20.3M | 0.03% | +13,288+13.6% | Added |
| Credit Agricole S A | 109,079 | $20.2M | 0.06% | −290,474−72.7% | Reduced |
| Walter Public Investments Inc. | 106,951 | $19.8M | 3.51% | −6,348−5.6% | Reduced |
| Van Eck Associates Corp | 106,411 | $19.7M | 0.02% | +4,973+4.9% | Added |
| Retirement Systems of Alabama | 104,221 | $19.3M | 0.06% | −651−0.6% | Reduced |
| Washington Trust Co | 102,598 | $19.0M | 0.62% | −480.0% | Reduced |
| Marshall Wace, LLP | 102,435 | $19.0M | 0.02% | +102,435 | New |
| Distillate Capital Partners LLC | 102,346 | $19.0M | 0.98% | −938−0.9% | Reduced |
| Quantbot Technologies LP | 102,158 | $19.0M | 0.63% | +24,093+30.9% | Added |
| Trexquant Investment LP | 101,677 | $18.9M | 0.17% | +96,225+1,764.9% | Added |
| Aptus Capital Advisors, LLC | 100,882 | $18.7M | 0.16% | +3,116+3.2% | Added |
| AE Wealth Management LLC | 100,672 | $18.7M | 0.11% | +94,410+1,507.7% | Added |
| PensionDanmark Pensionsforsikringsaktieselskab | 100,372 | $18.6M | 0.17% | +100,372 | New |
| Flputnam Investment Management Co | 100,309 | $18.6M | 0.27% | −67,659−40.3% | Reduced |
| Formuepleje A/S | 99,144 | $18.4M | 1.10% | −6,513−6.2% | Reduced |
| Prudential PLC | 99,029 | $18.4M | 0.15% | +3,132+3.3% | Added |
| KBC Group NV | 98,782 | $18.3M | 0.04% | +78+0.1% | Added |
| Boston Family Office LLC | 98,027 | $18.2M | 1.15% | −10,901−10.0% | Reduced |
| Scotia Capital Inc. | 97,728 | $18.1M | 0.07% | −3,072−3.0% | Reduced |
| Torray LLC | 97,677 | $18.1M | 2.59% | +27,662+39.5% | Added |
| Crestwood Advisors Group LLC | 96,728 | $17.9M | 0.30% | −1,558−1.6% | Reduced |
| IFM Investors Pty Ltd | 94,691 | $17.6M | 0.15% | +986+1.1% | Added |
| Skandinaviska Enskilda Banken AB (publ) | 94,170 | $17.5M | 0.07% | −1,790−1.9% | Reduced |
| Amalgamated Bank | 92,358 | $17.1M | 0.12% | −6,258−6.3% | Reduced |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 92,031 | $17.1M | 0.13% | +445+0.5% | Added |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 91,065 | $16.9M | 0.01% | −33,393−26.8% | Reduced |
| Mirae Asset Global Investments Co., Ltd. | 88,934 | $16.5M | 0.05% | +15,166+20.6% | Added |
| British Columbia Investment Management Corp | 87,309 | $16.2M | 0.09% | +16,418+23.2% | Added |
| Baillie Gifford & Co | 87,167 | $16.2M | 0.01% | +4,806+5.8% | Added |
| Sanctuary Advisors, LLC | 86,660 | $16.1M | 0.09% | −10,202−10.5% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 86,438 | $16.0M | 0.02% | −104,960−54.8% | Reduced |
| Oppenheimer Asset Management Inc. | 85,159 | $15.8M | 0.19% | −4,178−4.7% | Reduced |
| Aquatic Capital Management LLC | 84,897 | $15.8M | 0.45% | −77,828−47.8% | Reduced |
| Xponance, Inc. | 84,288 | $15.6M | 0.12% | +4,290+5.4% | Added |
| Woodline Partners LP | 83,626 | $15.5M | 0.06% | +18,652+28.7% | Added |
| Bank Julius Baer & Co. Ltd, Zurich | 83,588 | $15.5M | 0.04% | −14,698−15.0% | Reduced |
| Wesleyan Assurance Society | 81,926 | $15.2M | 0.88% | 00.0% | Unchanged |
| Vancity Investment Management Ltd | 81,766 | $15.2M | 2.06% | −6,431−7.3% | Reduced |
| Utah Retirement Systems | 81,493 | $15.1M | 0.14% | −66−0.1% | Reduced |
| USS Investment Management Ltd | 81,374 | $15.1M | 0.08% | +182+0.2% | Added |
| Ieq Capital, LLC | 79,608 | $14.8M | 0.04% | +50,838+176.7% | Added |
| Washington Trust Bank | 79,317 | $14.7M | 1.03% | +929+1.2% | Added |
| Entropy Technologies, LP | 79,288 | $14.7M | 0.80% | +18,859+31.2% | Added |
| Rockefeller Capital Management L.P. | 78,891 | $14.6M | 0.03% | −3,503−4.3% | Reduced |
| Osborne Partners Capital Management, LLC | 78,816 | $14.6M | 0.75% | +1,454+1.9% | Added |
| Wiley Bros.-Aintree Capital, LLC | 78,859 | $14.6M | 0.08% | +6,997+9.7% | Added |
| O'Shaughnessy Asset Management, LLC | 77,786 | $14.4M | 0.08% | −10,824−12.2% | Reduced |
| Segment Wealth Management, LLC | 77,735 | $14.4M | 0.84% | −1,233−1.6% | Reduced |
| Factory Mutual Insurance Co | 76,350 | $14.2M | 0.14% | −3,050−3.8% | Reduced |
| Callan Family Office, LLC | 76,243 | $14.1M | 0.30% | +13,214+21.0% | Added |
| Neuberger Berman Group LLC | 76,170 | $14.1M | 0.01% | −3,518−4.4% | Reduced |
| CIBC World Markets Corp | 75,653 | $14.0M | 0.07% | +75,653 | New |
| MUFG Securities EMEA plc | 75,084 | $13.9M | 0.16% | +23,674+46.0% | Added |
| Police & Firemen's Retirement System of New Jersey | 75,044 | $13.9M | 0.12% | −4,403−5.5% | Reduced |
| Running Oak Capital LLC | 74,745 | $13.9M | 1.74% | −2,181−2.8% | Reduced |
| Engineers Gate Manager LP | 73,936 | $13.7M | 0.16% | +27,713+60.0% | Added |
| Bridges Investment Management Inc | 73,889 | $13.7M | 0.17% | −2,307−3.0% | Reduced |