Willis Towers Watson: which funds bought and sold

Institutions that bought and sold Willis Towers Watson shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 300 institutions that filed 13F reports for both quarters added to or opened positions in Willis Towers Watson, and 371 cut or closed them. Together they added a net 4.1M shares, +4.8% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 5.1M shares (+14.5%); index fund managers were net buyers of 289K shares (+1.1%). 63 opened a new position and 94 sold out entirely.

Bought, Q2 2026 300 institutions, 63 of them new holders Sold, Q2 2026 371 institutions, 94 of them sold out

Net change, all compared +4.1M shares (+4.8%)

Net change, active managers +5.1M shares (+14.5%), 22 bought, 41 sold

Buyers versus sellers

institutions compared, 768

300 bought 97 371 sold

Active managers and hedge funds 22 bought · 41 sold · +5.1M

Index fund managers 9 bought · 3 sold · +289K

Other institutions 269 bought · 327 sold · −1.3M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
First Eagle Investment Management, LLC Active manager	+4.6M +106.3%	9.0M	$2.3B
Artisan Partners Limited Partnership Active manager	+1.8M +46.3%	5.5M	$1.4B
Price T Rowe Associates Inc Active manager	+711K +70.4%	1.7M	$450M
Arrowstreet Capital, Limited Partnership Hedge fund	+706K +223.3%	1.0M	$267M
Dodge & Cox Active manager	+693K +9.5%	8.0M	$2.1B
American Century Companies Inc Active manager	+207K +44.5%	671K	$175M
Blackrock, Inc. Index funds	+201K +2.5%	8.3M	$2.2B
Pfa Pension, Forsikringsaktieselskab	+156K +840.4%	174K	$45.6M
SG Americas Securities, LLC	+126K +227.2%	182K	$47.5M
Sei Investments Co	+99K +37.2%	364K	$95.2M
State Street Corp Index funds	+99K +2.3%	4.3M	$1.1B
HSBC Holdings PLC	+69K +36.0%	260K	$67.8M
FMR LLC Active manager	+62K +2.9%	2.2M	$579M
Jpmorgan Chase & Co	+51K +18.8%	323K	$85.4M
Prana Capital Management, LP Hedge fund	+50K +40.4%	172K	$45M
Healthcare Of Ontario Pension Plan Trust Fund	+45K +752.1%	51K	$13.3M
Renaissance Technologies LLC Hedge fund	+41K +39.9%	145K	$37.8M
Exchange Traded Concepts, LLC	+39K +32.5%	160K	$41.9M
Franklin Resources Inc Active manager	+39K +9.6%	447K	$117M
Mackenzie Financial Corp	+37K +68.9%	90K	$23.6M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
First Eagle Investment Management, LLC Active manager	+4.6M +106.3%	9.0M	$2.3B
Artisan Partners Limited Partnership Active manager	+1.8M +46.3%	5.5M	$1.4B
Price T Rowe Associates Inc Active manager	+711K +70.4%	1.7M	$450M
Arrowstreet Capital, Limited Partnership Hedge fund	+706K +223.3%	1.0M	$267M
Dodge & Cox Active manager	+693K +9.5%	8.0M	$2.1B
American Century Companies Inc Active manager	+207K +44.5%	671K	$175M
FMR LLC Active manager	+62K +2.9%	2.2M	$579M
Prana Capital Management, LP Hedge fund	+50K +40.4%	172K	$45M
Renaissance Technologies LLC Hedge fund	+41K +39.9%	145K	$37.8M
Franklin Resources Inc Active manager	+39K +9.6%	447K	$117M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Victory Capital Management Inc Active manager	−1.0M −75.1%	339K	$88.6M
Baupost Group LLC Hedge fund	−893K Sold out	0	—
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC	−866K −99.4%	5,154	$1.3M
Alliancebernstein L.P. Active manager	−354K −35.7%	637K	$185M
Balyasny Asset Management L.P. Hedge fund	−331K −97.9%	7,256	$1.9M
Squarepoint Ops LLC Hedge fund	−259K −98.3%	4,441	$1.2M
Barrow Hanley Mewhinney & Strauss LLC Active manager	−216K Sold out	0	—
Citadel Advisors LLC Hedge fund	−191K −33.3%	383K	$100M
Gfs Advisors, LLC	−191K Sold out	0	—
Goldman Sachs Group Inc	−166K −17.8%	769K	$201M
Invesco Ltd.	−156K −6.7%	2.2M	$568M
AQR Capital Management LLC Hedge fund	−117K −40.9%	170K	$44.4M
River Road Asset Management, LLC Active manager	−113K −23.3%	372K	$97.2M
Harris Associates L P Active manager	−110K −1.8%	5.9M	$1.5B
Woodline Partners LP Hedge fund	−82K −93.9%	5,384	$1.4M
Alberta Investment Management Corp	−80K Sold out	0	—
Korea Investment Corp	−77K −62.9%	45K	$11.8M
Barclays PLC	−51K −17.9%	233K	$60.8M
Northern Trust Corp Index funds	−50K −4.5%	1.0M	$274M
Legal & General Group PLC	−48K −6.8%	652K	$171M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Victory Capital Management Inc Active manager	−1.0M −75.1%	339K	$88.6M
Baupost Group LLC Hedge fund	−893K Sold out	0	—
Alliancebernstein L.P. Active manager	−354K −35.7%	637K	$185M
Balyasny Asset Management L.P. Hedge fund	−331K −97.9%	7,256	$1.9M
Squarepoint Ops LLC Hedge fund	−259K −98.3%	4,441	$1.2M
Barrow Hanley Mewhinney & Strauss LLC Active manager	−216K Sold out	0	—
Citadel Advisors LLC Hedge fund	−191K −33.3%	383K	$100M
AQR Capital Management LLC Hedge fund	−117K −40.9%	170K	$44.4M
River Road Asset Management, LLC Active manager	−113K −23.3%	372K	$97.2M
Harris Associates L P Active manager	−110K −1.8%	5.9M	$1.5B

New positions

largest by value

Institution	Shares	Value June 30, 2026
Marshall Wace, LLPHedge fund	26K	$6.7M
Generate Investment Management Ltd	23K	$5.9M
Easterly Investment Partners LLC	10K	$2.6M
Zurich Insurance Group Ltd	8,100	$2.1M
Stance Capital LLC	6,534	$1.7M
Polianta Ltd	6,500	$1.7M
Kentucky Retirement Systems	6,042	$1.6M
D. E. Shaw & Co., Inc.Hedge fund	3,804	$994,251
Fideuram Asset Management (Ireland) Dac	3,468	$893,409
Smartharvest Portfolios, LLC	3,073	$803,243

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Baupost Group LLCHedge fund	893K	$260M
Barrow Hanley Mewhinney & Strauss LLCActive manager	216K	$62.8M
Gfs Advisors, LLC	191K	$26.4M
Alberta Investment Management Corp	80K	$23.3M
Parkwood LLC	37K	$10.7M
Pbu - The Pension Fund Of Early Childhood & Youth Educators	36K	$10.4M
Tredje Ap-Fonden	28K	$8.2M
Olstein Capital Management, L.P.	23K	$6.8M
Jain Global LLCHedge fund	21K	$6.1M
Engineers Gate Manager LPHedge fund	13K	$3.7M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 686
Ten largest holders: 61.9%
Index fund managers: 29.4%
Active managers and hedge funds: 47.2%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	22	41	2	11	+5.1M	+14.5%
Index fund managers	9	3	0	0	+289K	+1.1%
Other institutions	269	327	61	83	−1.3M	−6.1%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Willis Towers Watson.

Only managers that filed a holdings report for both quarters are compared (768 here). 28 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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