L3VLUP
Quarter end
31 Mar 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 2 May 2025
Managers listing it
24
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q4 2024 and Q1 2025; 17 listed it in both
Shares listed
40,154,539
combined, among listed positions
Reported value
$15.9bn
combined, at the quarter end

1 line marked †. Value as filed implies a price far from other filers'. Each counts in holders and value as filed, and is left out of the net change in shares.

Among the 95 comparable managers: 16 buyers (opened or added shares) and 9 sellers (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.

Managers listing AON in Q1 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q4 2024, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

24 of 24 holders

ActionFiling
Capital World Investors12,097,577$4.8bn0.78%Added+32012 May 2025 (the filing on sec.gov)
MFS Investment Management9,832,327$3.9bn1.30%Trimmed-1,783,9972 May 2025 (the filing on sec.gov)
Berkshire Hathaway Inc4,100,000$1.6bn0.63%Held015 May 2025 (the filing on sec.gov)
Polen Capital Management LLC3,007,719$1.2bn3.77%Added+2,288,39712 May 2025 (the filing on sec.gov)
Neuberger Berman Group LLC2,136,107$852m0.71%Added+12,24527 Oct 2026 (the filing on sec.gov)
Artisan Partners LP2,135,832$852m1.38%Added+68,28114 May 2025 (the filing on sec.gov)
Wellington Management Group LLP1,229,382$491m0.09%Newnew13 May 2025 (the filing on sec.gov)
Invesco Ltd1,158,139$462m0.09%Added+137,11812 May 2025 (the filing on sec.gov)
Farallon Capital Management LLC† Value as filed implies a price far from other filers'.1,361,744$378m1.81%Trimmed-470,98915 May 2025 (the filing on sec.gov)
T. Rowe Price Associates Inc661,596$264munder 0.1%Trimmed-46,12714 May 2025 (the filing on sec.gov)
Balyasny Asset Management LLC428,842$171m0.28%Trimmed-36,23915 May 2025 (the filing on sec.gov)
Millennium Management LLC425,678$170m0.09%Newnew15 May 2025 (the filing on sec.gov)
Woodline Partners LP336,515$134m0.87%Added+95,75815 May 2025 (the filing on sec.gov)
Verition Fund Management LLC244,073$97m0.45%Trimmed-25,19515 May 2025 (the filing on sec.gov)
AllianceBernstein LP216,149$86munder 0.1%Trimmed-49215 May 2025 (the filing on sec.gov)
Squarepoint Ops LLC195,966$78m0.09%Addedn.a.27 Aug 2025 (the filing on sec.gov)
Voloridge Investment Management LLC164,087$65m0.24%Added+31,93515 May 2025 (the filing on sec.gov)
Markel Group Inc129,450$52m0.46%Added+3,2502 May 2025 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC113,994$45m0.27%Added+74,36115 May 2025 (the filing on sec.gov)
Hudson Bay Capital Management LP90,070$36m0.11%Newnew14 May 2025 (the filing on sec.gov)
Moore Capital Management LP32,379$13m0.27%Trimmed-154,99712 Aug 2025 (the filing on sec.gov)
ExodusPoint Capital Management LP26,994$11m0.11%Newnew14 May 2025 (the filing on sec.gov)
Acadian Asset Management LLC18,796$7.5munder 0.1%Addedn.a.21 May 2025 (the filing on sec.gov)
Quantbot Technologies LP11,123$4.4m0.14%Newnew13 May 2025 (the filing on sec.gov)

Largest increases and reductions, by shares

Q4 2024 to Q1 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
25 in Q3 2024 to 24 in Q2 2026

Tracked managers listing it, at least.

0102030402020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
AON by quarter
QuarterHoldersReported valueBuyersSellers
Q1 20201$1.0bnn.a.n.a.
Q2 202027$10.4bnn.a.n.a.
Q3 202026$10.9bnn.a.n.a.
Q4 202030$10.7bnn.a.n.a.
Q1 202132$12.0bnn.a.n.a.
Q2 202134$13.2bnn.a.n.a.
Q3 202127$13.3bnn.a.n.a.
Q4 202131$14.0bnn.a.n.a.
Q1 202223$15.7bnn.a.n.a.
Q2 202232$12.5bnn.a.n.a.
Q3 202224$11.7bnn.a.n.a.
Q4 202227$12.4bnn.a.n.a.
Q1 202323$12.4bnn.a.n.a.
Q2 202317$13.8bnn.a.n.a.
Q3 202321$12.3bnn.a.n.a.
Q4 202324$10.0bn159
Q1 202423$11.2bn914
Q2 202421$11.0bn137
Q3 202425$13.5bn158
Q4 202424$14.1bn1311
Q1 202524$15.9bn169
Q2 202524$15.0bn178
Q3 202530$16.0bn1712
Q4 202525$16.1bn1725
Q1 202623$14.0bn2619
Q2 202624$15.0bn2022

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

AON and V →AON and AXP →AON and BAC →Choose a stock to compare with AON →

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. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own AON, latest filings →Back to the 13F Explorer →