Which funds own MRSH
Marsh & Mclennan Cos Inc in the Q2 2026 filings. At least 16 of the 91 current managers on file reported a position, worth $15.8bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went one way: 10 managers opened or added against 7 cutting.
- Managers holding
- 16
- at least, of 91 current
- Combined value
- $15.8bn
- as reported
- Opened
- 1
- new this quarter
- Added to
- 9
- already held
- Trimmed or sold out
- 7
- 2 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Capital World Investors Long-only · $846bn book | $3.0bn | 0.4% | 18,122,340 | -$97m+153,158 | Added |
| Wellington Management Group LLP Long-only · $580bn book | $2.8bn | 0.5% | 16,975,238 | -$184m-395,471 | Trimmed |
| T. Rowe Price Associates Inc Long-only · $999bn book | $2.2bn | 0.2% | 13,438,662 | +$336m+2,462,376 | Added |
| Capital Research Global Investors Long-only · $717bn book | $1.8bn | 0.3% | 10,973,649 | -$131m-327,539 | Trimmed |
| Harris Associates LP Activist · $75.4bn book | $1.4bn | 1.9% | 8,687,496 | +$551m+3,518,377 | Added |
| Artisan Partners LP Long-only · $63.1bn book | $1.2bn | 1.9% | 7,269,246 | +$366m+2,393,389 | Added |
| MFS Investment Management Long-only · $315bn book | $1.1bn | 0.3% | 6,507,415 | -$334m-1,692,894 | Trimmed |
| Arrowstreet Capital LP Quantitative · $225bn book | $695m | 0.3% | 4,170,110 | +$96m+715,524 | Added |
| AQR Capital Management LLC Quantitative · $287bn book | $432m | 0.2% | 2,607,451 | -$205m-1,066,536 | Trimmed |
| AllianceBernstein LP Long-only · $302bn book | $358m | 0.1% | 2,061,247 | -$10m+79,965 | Added |
| Voloridge Investment Management LLC Quantitative · $23.5bn book | $222m | 0.9% | 1,330,728 | +$32m+238,790 | Added |
| Marshall Wace LLP Quantitative · $127bn book | $174m | 0.1% | 1,043,399 | +$69m+438,346 | Added |
| Markel Group Inc Activist · $13.1bn book | $127m | 1.0% | 763,500 | -$5.2m0 | Held |
| Acadian Asset Management LLC Quantitative · $84.2bn book | $125m | 0.1% | 748,439 | -$22m-95,628 | Trimmed |
| ExodusPoint Capital Management LP Multi-strategy · $15.5bn book | $15m | 0.1% | 90,636 | +$14m+81,918 | Added |
| Quantbot Technologies LP Quantitative · $2.5bn book | $9.7m | 0.4% | 58,448 | opened58,448 | New |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Renaissance Technologies LLC · Quantitative$63m held before
- Holocene Advisors LP · Long/short equity$35m held before
Ownership through time
At least 24 of the 95 managers whose filings are on file listed MRSH in Q2 2026, against 14 in Q2 2013. 1 manager more than in Q1 2026: 2 started positions; 2 listed it again; 1 sold out, by its own filing; 2 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q2 2013: 14
- Q3 2013: 12
- Q4 2013: 12
- Q1 2014: 17
- Q2 2014: 11
- Q3 2014: 17
- Q4 2014: 19
- Q1 2015: 17
- Q2 2015: 20
- Q3 2015: 21
- Q4 2015: 19
- Q1 2016: 19
- Q2 2016: 16
- Q3 2016: 20
- Q4 2016: 27
- Q1 2017: 24
- Q2 2017: 23
- Q3 2017: 17
- Q4 2017: 21
- Q1 2018: 19
- Q2 2018: 16
- Q3 2018: 16
- Q4 2018: 21
- Q1 2019: 23
- Q2 2019: 23
- Q3 2019: 18
- Q4 2019: 20
- Q1 2020: 23
- Q2 2020: 20
- Q3 2020: 21
- Q4 2020: 25
- Q1 2021: 23
- Q2 2021: 25
- Q3 2021: 26
- Q4 2021: 27
- Q1 2022: 26
- Q2 2022: 25
- Q3 2022: 28
- Q4 2022: 27
- Q1 2023: 30
- Q2 2023: 27
- Q3 2023: 27
- Q4 2023: 21
- Q1 2024: 25
- Q2 2024: 26
- Q3 2024: 28
- Q4 2024: 30
- Q1 2025: 25
- Q2 2025: 31
- Q3 2025: 30
- Q4 2025: 30
- Q1 2026: 23
- Q2 2026: 24
- Q2 2013: $6.2bn
- Q3 2013: $6.8bn
- Q4 2013: $7.2bn
- Q1 2014: $7.5bn
- Q2 2014: $7.7bn
- Q3 2014: $8.0bn
- Q4 2014: $8.6bn
- Q1 2015: $8.3bn
- Q2 2015: $8.6bn
- Q3 2015: $8.0bn
- Q4 2015: $8.8bn
- Q1 2016: $9.7bn
- Q2 2016: $10.8bn
- Q3 2016: $9.4bn
- Q4 2016: $8.7bn
- Q1 2017: $9.4bn
- Q2 2017: $9.7bn
- Q3 2017: $10.3bn
- Q4 2017: $9.8bn
- Q1 2018: $10.0bn
- Q2 2018: $9.9bn
- Q3 2018: $9.0bn
- Q4 2018: $8.9bn
- Q1 2019: $10.2bn
- Q2 2019: $11.0bn
- Q3 2019: $11.5bn
- Q4 2019: $13.1bn
- Q1 2020: $9.8bn
- Q2 2020: $11.8bn
- Q3 2020: $12.5bn
- Q4 2020: $13.5bn
- Q1 2021: $14.2bn
- Q2 2021: $16.2bn
- Q3 2021: $16.5bn
- Q4 2021: $17.9bn
- Q1 2022: $17.2bn
- Q2 2022: $15.2bn
- Q3 2022: $13.6bn
- Q4 2022: $14.6bn
- Q1 2023: $14.8bn
- Q2 2023: $16.4bn
- Q3 2023: $16.5bn
- Q4 2023: $16.5bn
- Q1 2024: $17.8bn
- Q2 2024: $18.3bn
- Q3 2024: $19.2bn
- Q4 2024: $18.5bn
- Q1 2025: $22.7bn
- Q2 2025: $21.5bn
- Q3 2025: $19.9bn
- Q4 2025: $18.2bn
- Q1 2026: $18.4bn
- Q2 2026: $17.9bn
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
- Quantbot Technologies LP$9.7m
- PDT Partners LLC$1.5m
Largest increases, by shares
- Harris Associates LP5,169,119 to 8,687,496 shares+$586m
- T. Rowe Price Associates Inc10,976,286 to 13,438,662 shares+$410m
- Artisan Partners LP4,875,857 to 7,269,246 shares+$399m
- Arrowstreet Capital LP3,454,586 to 4,170,110 shares+$119m
- Marshall Wace LLP605,053 to 1,043,399 shares+$73m
Largest decreases, by shares
- Fidelity (FMR LLC)10,180,705 to 6,954,123 shares-$538m
- MFS Investment Management8,200,309 to 6,507,415 shares-$283m
- AQR Capital Management LLC3,673,987 to 2,607,451 shares-$177m
- D. E. Shaw & Co.1,729,550 to 839,616 shares-$148m
- Wellington Management Group LLP17,370,709 to 16,975,238 shares-$66m
Left it
- Renaissance Technologies LLCwas $63m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Capital World Investors | Q2 2013 | $4.3bn | $3.0bn | |
| Wellington Management Group LLP | Q2 2013 | $3.5bn | $2.8bn | |
| T. Rowe Price Associates Inc | Q2 2013 | $4.9bn | $2.2bn | |
| Capital Research Global Investors | Q2 2013 | $2.1bn | $1.8bn | |
| Harris Associates LP | Q1 2026 | $1.4bn | $1.4bn | |
| Artisan Partners LP | Q2 2013 | $1.2bn | $1.2bn | |
| Fidelity (FMR LLC) | Q2 2013 | $5.4bn | $1.2bn | |
| MFS Investment Management | Q2 2019 | $2.5bn | $1.1bn | |
| Invesco Ltd | Q2 2013 | $854m | $718m | |
| Arrowstreet Capital LP | Q1 2017 | $695m | $695m | |
| AQR Capital Management LLC | Q1 2015 | $637m | $432m | |
| AllianceBernstein LP | Q2 2013 | $368m | $358m | |
| Voloridge Investment Management LLC | Q4 2014 | $318m | $222m | |
| Marshall Wace LLP | Q2 2015 | $174m | $174m | |
| D. E. Shaw & Co. | Q2 2013 | $519m | $140m | |
| Berkshire Hathaway Inc | Q3 2020 | $644m | last listed Q1 2023 | |
| Janus Henderson Group Ltd | Q2 2013 | $484m | last listed Q4 2025 | |
| Viking Global Investors LP | Q3 2014 | $439m | last listed Q4 2023 | |
| Two Sigma Advisers LP | Q4 2016 | $264m | last listed Q4 2025 | |
| Two Sigma Investments LP | Q1 2017 | $232m | last listed Q1 2026 | |
| Renaissance Technologies LLC | Q2 2013 | $226m | last listed Q1 2026 | |
| Citadel Advisors LLC | Q1 2016 | $201m | last listed Q2 2019 | |
| Millennium Management LLC | Q2 2013 | $165m | last listed Q4 2025 | |
| Woodline Partners LP | Q2 2024 | $123m | last listed Q4 2025 | |
| Balyasny Asset Management LLC | Q1 2014 | $105m | last listed Q2 2024 |
What MRSH is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around MRSH →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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