AON PLC AON
SHS CL A · Common Stock · CUSIP G0403H108
British multinational corporation
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($126.6m this quarter). Holder counts are more reliable. Shares outstanding: 212.1m as of 2026-07-28, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $331.49. Options: 15 managers hold calls ($120.6m notional), 18 hold puts ($77.3m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 939 |
| Q4 2022 | 1,023 |
| Q1 2023 | 1,002 |
| Q2 2023 | 1,014 |
| Q3 2023 | 1,037 |
| Q4 2023 | 1,053 |
| Q1 2024 | 1,073 |
| Q2 2024 | 1,100 |
| Q3 2024 | 1,139 |
| Q4 2024 | 1,183 |
| Q1 2025 | 1,265 |
| Q2 2025 | 1,223 |
| Q3 2025 | 1,244 |
| Q4 2025 | 1,279 |
| Q1 2026 | 1,256 |
| Q2 2026 | 1,259 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 525 | 453 |
| Q4 2024 | 490 | 487 |
| Q1 2025 | 620 | 466 |
| Q2 2025 | 524 | 604 |
| Q3 2025 | 596 | 482 |
| Q4 2025 | 512 | 575 |
| Q1 2026 | 599 | 566 |
| Q2 2026 | 593 | 570 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $302.4m | $62.3m | 0.21 |
| Q4 2025 | $71.1m | $40.4m | 0.57 |
| Q1 2026 | $97.2m | $68.9m | 0.71 |
| Q2 2026 | $120.6m | $77.3m | 0.64 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +6.5m |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Added | +2.6m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +1.9m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +1.8m |
| AQR CAPITAL MANAGEMENT LLC | Added | +926.0k |
| PineStone Asset Management Inc. | New | +799.3k |
| Dodge & Cox | Added | +477.0k |
| Assenagon Asset Management S.A. | Added | +369.4k |
| MILLENNIUM MANAGEMENT LLC | Added | +292.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. | Added | +237.3k |
Biggest sellers
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -1.2m |
| POLEN CAPITAL MANAGEMENT LLC | Reduced | -1.2m |
| FARALLON CAPITAL MANAGEMENT, L.L.C. | Reduced | -1.1m |
| Cantillon Capital Management LLC | Sold out | -1.1m |
| Sustainable Growth Advisers, LP | Reduced | -809.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -742.7k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -692.6k |
| Amundi | Reduced | -509.2k |
| Southpoint Capital Advisors LP | Sold out | -500.0k |
| Vontobel Holding Ltd. | Reduced | -458.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $37.1m111.9k shares |
| IMC-Chicago, LLC | Added | $21.2m63.8k shares |
| CITADEL ADVISORS LLC | Added | $16.5m49.8k shares |
| JANE STREET GROUP, LLC | Reduced | $14.2m42.8k shares |
| JPMORGAN CHASE & CO | Reduced | $8.2m25.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $5.2m15.7k shares |
| Walleye Trading LLC | Added | $3.9m11.8k shares |
| Allianz Asset Management GmbH | Added | $3.5m10.5k shares |
| Parallax Volatility Advisers, L.P. | New | $3.3m10.0k shares |
| Squarepoint Ops LLC | Reduced | $2.4m7.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $27.0m81.5k shares |
| JPMORGAN CHASE & CO | Unchanged | $8.2m25.0k shares |
| Allianz Asset Management GmbH | Reduced | $7.1m21.3k shares |
| IMC-Chicago, LLC | Added | $6.6m20.0k shares |
| JANE STREET GROUP, LLC | Added | $6.3m19.0k shares |
| CITADEL ADVISORS LLC | Added | $5.4m16.3k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $5.3m16.1k shares |
| SIMPLEX TRADING, LLC | New | $3.2m9.7k shares |
| CAPTRUST FINANCIAL ADVISORS | Unchanged | $2.5m7.5k shares |
| PEAK6 LLC | Reduced | $1.8m5.3k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.3% |
| JPMORGAN CHASE & CO 13G · institution +1.1 pts · filed 2026-10-16 | 6.7% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 2 | $750.6k | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 1 | $3.0m | — |
| Q1 2026 | 1 | $1.3m | 1 | $3.1m | $1.6m |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 1 | $6.5m | 1 | $1.7m | $1.7m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-02 | KNIGHT LESTER B Director · By Family Partnership | Bought | $6.5m20.0k shares |
| 2026-07-28 | Zeidel Darren General Counsel | Sold plan | $717.8k1.9k shares |
| 2026-07-17 | Zeidel Darren General Counsel | Sold plan | $725.5k1.9k shares |
| 2026-07-07 | Zeidel Darren General Counsel | Sold plan | $216.0k600 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.08% of their portfolio | 15.7m $5.2bn | Reduced -432.1k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 13.6m $4.5bn | Added +21.7k |
| JPMORGAN CHASE & CO 0.23% of their portfolio | 12.2m $4.0bn | Added +6.5m |
| Capital World Investors 0.46% of their portfolio | 11.7m $3.9bn | Added +233.9k |
| STATE STREET CORP 0.09% of their portfolio | 9.4m $3.1bn | Added +196.3k |
| Dodge & Cox 1.49% of their portfolio | 8.6m $2.9bn | Added +477.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.82% of their portfolio | 7.6m $2.6bn | Reduced -742.7k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.11% of their portfolio | 7.2m $2.4bn | Added +2.6m |
| MORGAN STANLEY 0.11% of their portfolio | 6.2m $2.1bn | Reduced -160.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 5.2m $1.7bn | Reduced -63.8k |
| Bank of New York Mellon Corp 0.17% of their portfolio | 3.2m $1.1bn | Reduced -129.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.10% of their portfolio | 3.1m $1.0bn | Added +1.9m |
| NORGES BANK 0.09% of their portfolio | 2.8m $927.7m | Not comparable |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.51% of their portfolio | 2.8m $913.4m | Added +237.3k |
| Independent Franchise Partners LLP 5.76% of their portfolio | 2.6m $878.0m | Added +58.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.38% of their portfolio | 2.6m $867.3m | Added +1.8m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.59% of their portfolio | 2.3m $748.2m | Reduced -692.6k |
| Boston Partners 0.62% of their portfolio | 2.1m $695.8m | Added +134.7k |
| NORTHERN TRUST CORP 0.08% of their portfolio | 2.0m $676.8m | Reduced -41.6k |
| AQR CAPITAL MANAGEMENT LLC 0.22% of their portfolio | 1.9m $623.0m | Added +926.0k |
| WCM INVESTMENT MANAGEMENT, LLC 1.11% of their portfolio | 1.9m $614.5m | Reduced -76.5k |
| Artisan Partners Limited Partnership 1.00% of their portfolio | 1.9m $613.8m | Added +206.5k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 1.7m $580.1m | Added +164.8k |
| NEUBERGER BERMAN GROUP LLC 0.37% of their portfolio | 1.7m $561.1m | Reduced -166.1k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 1.6m $539.0m | Added +42.3k |
| Veritas Asset Management LLP 8.40% of their portfolio | 1.4m $467.1m | Reduced -112.2k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 2.68% of their portfolio | 1.4m $458.6m | Reduced -1.1m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% of their portfolio | 1.3m $446.2m | Reduced -9.7k |
| Legal & General Group Plc 0.09% of their portfolio | 1.3m $427.5m | Reduced -52.4k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 1.2m $411.5m | Reduced -13.1k |
| VANGUARD FIDUCIARY TRUST CO 0.09% of their portfolio | 1.2m $394.9m | Reduced -35.1k |
| Mawer Investment Management Ltd. 2.64% of their portfolio | 1.2m $388.6m | Reduced -105.5k |
| VIKING GLOBAL INVESTORS LP 1.09% of their portfolio | 1.2m $381.9m | Added +64.2k |
| LAZARD ASSET MANAGEMENT LLC 0.56% of their portfolio | 1.1m $372.4m | Reduced -94.4k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 2.96% of their portfolio | 1.1m $369.6m | Reduced -373.7k |
| Invesco Ltd. 0.03% of their portfolio | 1.1m $354.7m | Reduced -417.3k |
| Amundi 0.08% of their portfolio | 993.7k $329.6m | Reduced -509.2k |
| Nuveen, LLC 0.07% of their portfolio | 878.7k $291.4m | Added +27.6k |
| UBS Group AG 0.04% of their portfolio | 822.3k $272.7m | Reduced -81.7k |
| COMGEST GLOBAL INVESTORS S.A.S. 5.99% of their portfolio | 820.3k $272.1m | Added +191.6k |
| PineStone Asset Management Inc. 1.64% of their portfolio | 799.3k $265.1m | New |
| Capital International Investors 0.05% of their portfolio | 794.0k $263.1m | Reduced -13.1k |
| Longview Partners (Guernsey) LTD 4.14% of their portfolio | 769.0k $255.1m | Reduced -207.3k |
| FIL Ltd 0.18% of their portfolio | 754.0k $250.1m | Added +8.0k |
| Wealthspire Advisors, LLC 1.33% of their portfolio | 726.4k $240.9m | Reduced -257.7k |
| Focus Partners Wealth 0.24% of their portfolio | 706.9k $234.5m | Added +76.1k |
| AMERIPRISE FINANCIAL INC 0.05% of their portfolio | 692.8k $229.8m | Reduced -387.9k |
| BAUPOST GROUP LLC/MA 4.21% of their portfolio | 687.0k $227.9m | Reduced -82.0k |
| Meritage Group LP 8.75% of their portfolio | 684.5k $227.0m | Added +4.3k |
| First Pacific Advisors, LP 2.80% of their portfolio | 681.4k $226.0m | Reduced -21.9k |
| ALTRINSIC GLOBAL ADVISORS LLC 7.87% of their portfolio | 646.4k $214.4m | Reduced -14.3k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 585.0k $194.1m | Reduced -59.7k |
| Swiss National Bank 0.10% of their portfolio | 574.1k $190.4m | Reduced -25.2k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 554.7k $184.0m | Reduced -133.4k |
| FMR LLC 0.01% of their portfolio | 551.4k $182.9m | Added +28.2k |
| Vontobel Holding Ltd. 0.60% of their portfolio | 540.8k $179.4m | Reduced -458.4k |
| USS Investment Management Ltd 0.68% of their portfolio | 520.8k $172.7m | Added +18.3k |
| National Pension Service 0.10% of their portfolio | 484.9k $160.8m | Added +9.3k |
| Vanguard Global Advisers, LLC 0.07% of their portfolio | 460.5k $152.7m | Reduced -8.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.09% of their portfolio | 453.2k $150.3m | Added +5.9k |
| NATIXIS ADVISORS, LLC 0.17% of their portfolio | 448.0k $148.6m | Added +106.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio | 446.3k $148.0m | Added +78.0k |
| Fiera Capital Corp 0.50% of their portfolio | 419.3k $139.1m | Reduced -131.0k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.09% of their portfolio | 408.8k $135.6m | Added +47.0k |
| Douglass Winthrop Advisors, LLC 2.29% of their portfolio | 400.6k $132.9m | Added +6.1k |
| BARCLAYS PLC 0.04% of their portfolio | 394.1k $130.7m | Reduced -206.4k |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 389.5k $129.2m | Added +28.2k |
| Russell Investments Group, Ltd. 0.11% of their portfolio | 388.1k $128.6m | Added +125.2k |
| SEI INVESTMENTS CO 0.11% of their portfolio | 385.9k $128.0m | Reduced -66.0k |
| Verition Fund Management LLC 0.90% of their portfolio | 385.0k $127.7m | Added +156.8k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.18% of their portfolio | 380.4k $126.2m | Added +158.2k |
| Assenagon Asset Management S.A. 0.08% of their portfolio | 377.6k $125.3m | Added +369.4k |
| JONES FINANCIAL COMPANIES LLLP 0.05% of their portfolio | 375.5k $123.4m | Added +116.5k |
| California Public Employees Retirement System 0.07% of their portfolio | 370.8k $123.0m | Reduced -105.1k |
| BLAIR WILLIAM & CO/IL 0.31% of their portfolio | 360.6k $119.6m | Reduced -61.0k |
| RHUMBLINE ADVISERS 0.09% of their portfolio | 360.1k $119.4m | Reduced -20.5k |
| Cryder Capital Partners LLP 7.36% of their portfolio | 352.2k $116.8m | Added +30.5k |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 351.6k $116.6m | Reduced -2.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 337.9k $112.1m | Reduced -85.3k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 336.9k $111.8m | Reduced -28.8k |
| DAVENPORT & Co LLC 0.57% of their portfolio | 336.3k $111.2m | Reduced -734 |
| C WorldWide Group Holding A/S 2.57% of their portfolio | 320.9k $106.5m | Reduced -78.4k |
| CapitalatWork S.A. 2.64% of their portfolio | 316.5k $105.0m | Added +44.5k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 312.2k $103.6m | Added +292.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 306.8k $101.8m | Reduced -2.2k |
| Haverford Trust Co 0.85% of their portfolio | 296.9k $98.5m | Reduced -49.2k |
| LORD, ABBETT & CO. LLC 0.28% of their portfolio | 292.3k $97.0m | Reduced -6.2k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 283.0k $93.9m | Reduced -5.2k |
| BRISTOL JOHN W & CO INC /NY/ 1.37% of their portfolio | 279.6k $92.7m | Reduced -3.5k |
| DekaBank Deutsche Girozentrale 0.15% of their portfolio | 275.4k $88.6m | Unchanged |
| AVIVA PLC 0.13% of their portfolio | 267.4k $88.7m | Reduced -43.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 260.1k $86.3m | Added +9.1k |
| Bowie Capital Management, LLC 4.10% of their portfolio | 250.0k $82.9m | Reduced -72.1k |
| BloombergSen Inc. 9.10% of their portfolio | 245.3k $81.4m | Reduced -8.7k |
| Sustainable Growth Advisers, LP 0.79% of their portfolio | 242.3k $80.4m | Reduced -809.5k |
| CITIGROUP INC 0.04% of their portfolio | 233.0k $77.3m | Reduced -17.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.10% of their portfolio | 229.8k $76.2m | Reduced -14.4k |
| Scharf Investments, LLC 2.48% of their portfolio | 226.6k $75.2m | Reduced -28.3k |
| Quantinno Capital Management LP 0.09% of their portfolio | 225.1k $74.7m | Reduced -674 |
| Gillson Capital LP 4.33% of their portfolio | 221.6k $73.5m | Added +118.9k |