Holders over time
- MRSH
- V
| Quarter | MRSH | V |
|---|---|---|
| Q3 2020 | 21 holders, $12.5bn | 55 holders, $62.2bn |
| Q4 2020 | 25 holders, $13.5bn | 52 holders, $67.1bn |
| Q1 2021 | 23 holders, $14.2bn | 58 holders, $64.5bn |
| Q2 2021 | 25 holders, $16.2bn | 52 holders, $69.3bn |
| Q3 2021 | 26 holders, $16.5bn | 56 holders, $63.6bn |
| Q4 2021 | 27 holders, $17.9bn | 47 holders, $58.0bn |
| Q1 2022 | 26 holders, $17.2bn | 59 holders, $61.8bn |
| Q2 2022 | 25 holders, $15.2bn | 57 holders, $55.2bn |
| Q3 2022 | 28 holders, $13.6bn | 57 holders, $50.7bn |
| Q4 2022 | 27 holders, $14.6bn | 54 holders, $59.4bn |
| Q1 2023 | 30 holders, $14.8bn | 55 holders, $64.0bn |
| Q2 2023 | 27 holders, $16.4bn | 54 holders, $65.2bn |
| Q3 2023 | 27 holders, $16.5bn | 55 holders, $61.5bn |
| Q4 2023 | 21 holders, $16.5bn | 48 holders, $68.6bn |
| Q1 2024 | 25 holders, $17.8bn | 50 holders, $73.1bn |
| Q2 2024 | 26 holders, $18.3bn | 45 holders, $69.5bn |
| Q3 2024 | 28 holders, $19.2bn | 47 holders, $70.5bn |
| Q4 2024 | 30 holders, $18.5bn | 48 holders, $77.6bn |
| Q1 2025 | 25 holders, $22.7bn | 43 holders, $83.5bn |
| Q2 2025 | 31 holders, $21.5bn | 45 holders, $83.4bn |
| Q3 2025 | 30 holders, $19.9bn | 48 holders, $82.8bn |
| Q4 2025 | 30 holders, $18.2bn | 49 holders, $86.0bn |
| Q1 2026 | 23 holders, $18.4bn | 49 holders, $73.3bn |
| Q2 2026 | 24 holders, $17.9bn | 52 holders, $81.9bn |
Marsh & Mclennan Cos Inc
- Holders
- 31
- Reported value
- $21.5bn
- Buyers
- 21
- Sellers
- 10
Breadth +11 among 95 comparable managers.
Visa Inc
- Holders
- 45
- Reported value
- $83.4bn
- Buyers
- 21
- Sellers
- 23
Breadth -2 among 95 comparable managers.
Who holds both, Q2 2025
Both (25)
Acadian Asset Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Artisan Partners LP, Brevan Howard Capital Management LP, Capital Research Global Investors, Capital World Investors, Caxton Associates LLP, D. E. Shaw & Co., ExodusPoint Capital Management LP, Fidelity (FMR LLC), GAMCO Investors Inc, Invesco Ltd, Janus Henderson Group Ltd, Man Group PLC, Markel Group Inc, MFS Investment Management, Renaissance Technologies LLC, Schonfeld Strategic Advisors LLC, Squarepoint Ops LLC, T. Rowe Price Associates Inc, Two Sigma Advisers LP, Two Sigma Investments LP, Wellington Management Group LLP
Only MRSH (6)
Baillie Gifford & Co, Millennium Management LLC, Point72 Asset Management LP, Quantbot Technologies LP, Tudor Investment Corp, Voloridge Investment Management LLC
Only V (20)
Akre Capital Management LLC, Balyasny Asset Management LLC, Berkshire Hathaway Inc, Bridgewater Associates LP, Dodge & Cox, Egerton Capital UK LLP, Eisler Capital Management Ltd, Farallon Capital Management LLC, Harris Associates LP, Holocene Advisors LP, Jane Street Group LLC, Moore Capital Management LP, Neuberger Berman Group LLC, Polen Capital Management LLC, Soroban Capital Partners LP, TCI Fund Management Ltd, ValueAct Holdings LP, Viking Global Investors LP, Walleye Capital LLC, Woodline Partners LP
How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. Buyers and sellers count comparable managers (those that filed both quarters) by shares, so a rise in value with no rise in shares is the price. Large books are listed to their largest positions. These are 95 tracked managers, not the institutional market.