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
- 30
- Reported value
- $18.2bn
- Buyers
- 30
- Sellers
- 14
Breadth +16 among 92 comparable managers.
Visa Inc
- Holders
- 49
- Reported value
- $86.0bn
- Buyers
- 29
- Sellers
- 26
Breadth +3 among 92 comparable managers.
Who holds both, Q4 2025
Both (26)
Acadian Asset Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Artisan Partners LP, Capital Research Global Investors, Capital World Investors, D. E. Shaw & Co., Fidelity (FMR LLC), GAMCO Investors Inc, Holocene Advisors LP, Invesco Ltd, Janus Henderson Group Ltd, Markel Group Inc, MFS Investment Management, Millennium Management LLC, Quantbot Technologies LP, Renaissance Technologies LLC, Squarepoint Ops LLC, T. Rowe Price Associates Inc, Two Sigma Advisers LP, Two Sigma Investments LP, Voloridge Investment Management LLC, Wellington Management Group LLP, Winton Group Ltd, Woodline Partners LP
Only MRSH (4)
Baillie Gifford & Co, Brevan Howard Capital Management LP, ExodusPoint Capital Management LP, Tudor Investment Corp
Only V (23)
Akre Capital Management LLC, Balyasny Asset Management LLC, Berkshire Hathaway Inc, Bridgewater Associates LP, Citadel Advisors LLC, Dodge & Cox, Egerton Capital UK LLP, Farallon Capital Management LLC, Freestone Grove Partners LP, Harris Associates LP, Lone Pine Capital LLC, Man Group PLC, Marshall Wace LLP, Maverick Capital Ltd, Moore Capital Management LP, Neuberger Berman Group LLC, Point72 Asset Management LP, Polen Capital Management LLC, Soroban Capital Partners LP, Steadfast Capital Management LP, TCI Fund Management Ltd, ValueAct Holdings LP, Viking Global Investors 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.