Marsh & McLennan Companies, Inc.

Institutional holders · 13F as of Dec 31, 2025

Holder	Value	Shares	% of shares
VANGUARD GROUP INC	$8.64B	46,589,633	9.76%
BlackRock, Inc.	$6.58B	39,502,046	8.28%
STATE STREET CORPORATION	$3.73B	22,401,676	4.69%
Capital International Investors	$3.48B	18,766,815	3.93%
Capital World Investors	$3.14B	16,925,131	3.55%
Wellington Management Group LLP	$2.97B	15,997,880	3.35%
FMR LLC	$2.82B	15,225,442	3.19%
GEODE CAPITAL MANAGEMENT, LLC	$2.32B	13,404,172	2.81%
Massachusetts Financial Services Company	$1.61B	8,662,457	1.82%
Norges Bank	$1.56B	8,386,530	1.76%
Capital Research Global Investors	$1.48B	7,987,794	1.67%
Morgan Stanley	$1.27B	6,870,731	1.44%
Clearbridge Investments, LLC	$1.11B	6,423,531	1.35%
BANK OF AMERICA CORP /DE	$1.02B	5,522,563	1.16%
NORTHERN TRUST CORP	$982.80M	5,297,560	1.11%
AMERIPRISE FINANCIAL INC	$888.46M	4,790,808	1.00%
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	$843.31M	4,545,663	0.95%
JPMORGAN CHASE & CO	$793.78M	4,278,658	0.90%
THE GOLDMAN SACHS GROUP, INC.	$744.90M	4,015,180	0.84%
Nuveen, LLC	$715.77M	3,858,156	0.81%
UBS Group AG	$702.65M	3,787,465	0.79%
DEUTSCHE BANK AG	$685.62M	4,113,644	0.86%
Ninety One UK Ltd	$657.11M	3,542,004	0.74%
Invesco Ltd.	$642.06M	3,460,878	0.73%
AQR Capital Management, LLC	$637.25M	3,673,987	0.77%
Artisan Partners Asset Management Inc.	$622.94M	3,357,826	0.70%
Arrowstreet Capital, Limited Partnership	$599.20M	3,454,586	0.72%
Legal & General Group Plc	$583.68M	3,146,169	0.66%
Royal Bank of Canada	$575.26M	3,316,579	0.69%
Bank of New York Mellon Corp/The	$564.41M	3,254,021	0.68%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$547.45M	2,950,894	0.62%
WELLS FARGO & COMPANY/MN	$453.53M	2,444,666	0.51%
BNP PARIBAS FINANCIAL MARKETS	$445.17M	2,566,547	0.54%
AMERICAN CENTURY COMPANIES INC	$432.36M	2,330,508	0.49%
PARNASSUS INVESTMENTS, LLC	$403.25M	2,173,621	0.46%
STIFEL FINANCIAL CORP	$400.43M	2,158,391	0.45%
AMUNDI	$398.73M	2,298,833	0.48%
Dimensional Fund Advisors LP	$376.62M	2,029,841	0.43%
Longview Partners (Guernsey) LTD	$374.23M	2,017,195	0.42%
AllianceBernstein L.P.	$367.57M	1,981,282	0.42%
London & Capital Asset Management Ltd	$352.67M	1,900,000	0.40%
Navera Investment Management Ltd.	$325.49M	1,753,917	0.37%
VOLORIDGE INVESTMENT MANAGEMENT, LLC	$318.49M	1,716,766	0.36%
Mawer Investment Management Ltd.	$311.87M	1,871,159	0.39%
D. E. Shaw & Co., Inc.	$299.99M	1,729,550	0.36%
Franklin Resources, Inc.	$288.37M	1,554,402	0.33%
MANUFACTURERS LIFE INSURANCE COMPANY, THE	$283.25M	1,526,227	0.32%
Assenagon Asset Management S.A.	$282.02M	1,520,164	0.32%
Lazard Asset Management LLC	$281.64M	1,623,755	0.34%
Barclays PLC	$271.29M	1,462,301	0.31%