Marsh & McLennan Companies, Inc.

Institutional holders · 13F as of Dec 31, 2025

Holder	Value	Shares	% of shares
Swiss National Bank	$250.14M	1,348,300	0.28%
TWO SIGMA ADVISERS, LP	$243.44M	1,312,200	0.27%
BAHL & GAYNOR INC	$238.84M	1,287,401	0.27%
Rathbones Group PLC	$235.37M	1,356,972	0.28%
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM	$234.62M	1,264,672	0.27%
FIL Limited	$233.78M	1,260,146	0.26%
FIRST TRUST ADVISORS LP	$231.10M	1,332,401	0.28%
Sumitomo Mitsui Trust Group, Inc.	$215.87M	1,163,607	0.24%
HSBC HOLDINGS PLC	$211.80M	1,139,486	0.24%
National Pension Service	$211.64M	1,140,767	0.24%
ENVESTNET ASSET MANAGEMENT INC	$209.99M	1,131,946	0.24%
Swedbank AB	$205.16M	1,105,862	0.23%
Mitsubishi UFJ Asset Management Co., Ltd.	$200.06M	1,199,699	0.25%
RAYMOND JAMES FINANCIAL INC	$188.63M	1,016,785	0.21%
Polar Capital Holdings Plc	$179.03M	965,000	0.20%
Sarasin & Partners LLP	$173.41M	934,732	0.20%
WORLDQUANT MILLENNIUM ADVISORS LLC	$165.66M	892,933	0.19%
Findlay Park Partners LLP	$164.46M	886,467	0.19%
JENSEN INVESTMENT MANAGEMENT INC	$164.15M	984,904	0.21%
TD ASSET MANAGEMENT INC	$162.93M	939,368	0.20%
RHUMBLINE ADVISERS	$156.47M	902,114	0.19%
Citadel Advisors LLC	$152.57M	822,371	0.17%
CPPIB Crestone Peak Resources Canada Inc.	$140.43M	809,639	0.17%
Qube Research & Technologies Ltd	$135.89M	732,481	0.15%
Markel Group Inc	$132.43M	763,500	0.16%
MACKENZIE FINANCIAL CORP	$127.17M	680,074	0.14%
Capital International, Inc./CA	$126.70M	682,950	0.14%
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	$126.58M	729,798	0.15%
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC	$118.19M	637,097	0.13%
TWO SIGMA INVESTMENTS, LP	$117.36M	676,619	0.14%
Epoch Investment Partners, Inc.	$111.73M	644,170	0.13%
ASSETMARK, INC	$109.05M	628,686	0.13%
Jupiter Asset Management Ltd	$107.45M	622,465	0.13%
NEW YORK STATE COMMON RETIREMENT FUND	$106.01M	571,423	0.12%
Principal Financial Group Inc	$105.88M	610,447	0.13%
MARSHALL WACE, LLP	$104.95M	605,053	0.13%
PRUDENTIAL FINANCIAL INC	$104.40M	601,893	0.13%
The PNC Financial Services Group, Inc.	$103.17M	619,003	0.13%
Healthcare of Ontario Pension Plan Trust Fund	$102.48M	552,367	0.12%
Bank of Montreal	$101.68M	548,093	0.11%
Universal- Beteiligungs- und Servicegesellschaft mbH	$100.51M	538,931	0.11%
Mariner, LLC	$99.92M	576,070	0.12%
Squarepoint Ops LLC	$97.86M	527,486	0.11%
PRIMECAP MANAGEMENT CO/CA	$96.14M	518,200	0.11%
DAVENPORT & Co LLC	$95.39M	512,998	0.11%
JOHNSON INVESTMENT COUNSEL INC	$90.19M	486,150	0.10%
Cryder Capital Partners LLP	$88.63M	477,744	0.10%
CITIGROUP INC	$87.73M	472,888	0.10%
Quilter Plc	$84.76M	456,857	0.10%
BRADLEY FOSTER & SARGENT INC/CT	$82.34M	474,702	0.10%