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 ($151.7m this quarter). Holder counts are more reliable. Shares outstanding: 217.2m as of 2024-07-25, 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 ≈ $293.56. Options: 22 managers hold calls ($455.4m notional), 22 hold puts ($382.3m).
Trends to Q2 2024
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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 438 | 416 |
| Q1 2023 | 402 | 479 |
| Q2 2023 | 398 | 475 |
| Q3 2023 | 442 | 445 |
| Q4 2023 | 412 | 487 |
| Q1 2024 | 469 | 508 |
| Q2 2024 | 512 | 469 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $178.4m | $244.8m | 1.37 |
| Q4 2023 | $180.7m | $242.0m | 1.34 |
| Q1 2024 | $202.2m | $130.8m | 0.65 |
| Q2 2024 | $455.4m | $382.3m | 0.84 |
Biggest buyers
| HPS Investment Partners, LLC | New | +4.3m |
| JPMORGAN CHASE & CO | Added | +3.1m |
| Capital World Investors | Added | +2.3m |
| Veritas Asset Management LLP | Added | +1.8m |
| VANGUARD GROUP INC | Added | +1.6m |
| FARALLON CAPITAL MANAGEMENT, L.L.C. | Added | +1.2m |
| EAGLE CAPITAL MANAGEMENT LLC | Added | +1.2m |
| BlackRock Inc. | Added | +781.4k |
| Artisan Partners Limited Partnership | Added | +724.9k |
| STATE STREET CORP | Added | +569.2k |
Biggest sellers
| MORGAN STANLEY | Reduced | -13.4m |
| Capital International Investors | Reduced | -3.0m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -1.0m |
| WCM INVESTMENT MANAGEMENT, LLC | Reduced | -850.8k |
| MACKENZIE FINANCIAL CORP | Reduced | -542.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -384.4k |
| Point72 Asset Management, L.P. | Sold out | -300.8k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Sold out | -275.0k |
| Qube Research & Technologies Ltd | Reduced | -266.3k |
| James Hambro & Partners LLP | Reduced | -237.8k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $287.7m979.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $70.6m240.5k shares |
| CITADEL ADVISORS LLC | Added | $32.3m109.9k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $15.0m51.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $12.4m42.3k shares |
| Cubist Systematic Strategies, LLC | Added | $8.3m28.2k shares |
| WOLVERINE TRADING, LLC | Added | $5.4m18.3k shares |
| Paloma Partners Management Co | Added | $5.2m17.8k shares |
| JPMORGAN CHASE & CO | Reduced | $4.6m15.6k shares |
| Point72 (DIFC) Ltd | Added | $3.6m12.1k shares |
Biggest puts
| BANK OF AMERICA CORP /DE/ | New | $191.1m650.8k shares |
| JANE STREET GROUP, LLC | Added | $112.8m384.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $24.0m81.9k shares |
| Baader Bank Aktiengesellschaft | Added | $7.9m27.0k shares |
| Cubist Systematic Strategies, LLC | Added | $7.7m26.2k shares |
| CITADEL ADVISORS LLC | Reduced | $7.6m26.0k shares |
| JPMORGAN CHASE & CO | Added | $5.9m20.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.2m14.2k shares |
| IMC-Chicago, LLC | Reduced | $4.1m13.9k shares |
| Paloma Partners Management Co | New | $3.8m12.8k 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 in Q2 2024
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 |
|---|---|---|---|---|---|
| Q3 2022 | 1 | $116.7k | 2 | $288.2k | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 2 | $22.7m | — |
| Q2 2023 | 0 | — | 1 | $2.5m | — |
| Q3 2023 | 1 | $259.7k | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 1 | $15.1m | 4 | $25.2m | — |
| Q2 2024 | 1 | $2.8m | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-05-03 | KNIGHT LESTER B Director · By Family Partnership | Bought | $1.4m5.0k shares |
| 2024-05-03 | KNIGHT LESTER B Director · Marital Trust | Bought | $1.4m5.0k 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 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.11% of their portfolio | 19.3m $5.7bn | Added +1.6m |
| BlackRock Inc. 0.10% of their portfolio | 15.3m $4.5bn | Added +781.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 1.13% of their portfolio | 12.6m $3.7bn | Added +309.7k |
| Capital World Investors 0.58% of their portfolio | 12.0m $3.5bn | Added +2.3m |
| STATE STREET CORP 0.11% of their portfolio | 8.8m $2.6bn | Added +569.2k |
| MORGAN STANLEY 0.19% of their portfolio | 8.2m $2.4bn | Reduced -13.4m |
| JPMORGAN CHASE & CO 0.07% of their portfolio | 5.2m $1.5bn | Added +3.1m |
| Mawer Investment Management Ltd. 6.12% of their portfolio | 4.4m $1.3bn | Added +52.1k |
| HPS Investment Partners, LLC 95.87% of their portfolio | 4.3m $1.3bn | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.11% of their portfolio | 4.3m $1.3bn | Added +379.5k |
| Berkshire Hathaway Inc 0.43% of their portfolio | 4.1m $1.2bn | Unchanged |
| EAGLE CAPITAL MANAGEMENT LLC 4.36% of their portfolio | 4.0m $1.2bn | Added +1.2m |
| WCM INVESTMENT MANAGEMENT, LLC 2.41% of their portfolio | 3.5m $1.0bn | Reduced -850.8k |
| LAZARD ASSET MANAGEMENT LLC 1.20% of their portfolio | 3.3m $959.9m | Reduced -164.8k |
| Sustainable Growth Advisers, LP 3.58% of their portfolio | 2.8m $810.2m | Reduced -45.3k |
| Independent Franchise Partners LLP 6.51% of their portfolio | 2.4m $707.4m | Added +49.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.79% of their portfolio | 2.2m $645.9m | Added +256.3k |
| Capital International Investors 0.13% of their portfolio | 2.2m $645.6m | Reduced -3.0m |
| Veritas Asset Management LLP 4.72% of their portfolio | 2.1m $624.4m | Added +1.8m |
| NORTHERN TRUST CORP 0.10% of their portfolio | 2.1m $612.4m | Added +51.8k |
| Bank of New York Mellon Corp 0.11% of their portfolio | 2.0m $587.4m | Added +548.6k |
| NEUBERGER BERMAN GROUP LLC 0.48% of their portfolio | 2.0m $583.2m | Added +264.2k |
| NORGES BANK 0.09% of their portfolio | 2.0m $579.8m | Added +423.2k |
| MACKENZIE FINANCIAL CORP 0.84% of their portfolio | 1.9m $563.1m | Reduced -542.3k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 3.25% of their portfolio | 1.9m $550.5m | Added +1.2m |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 1.8m $518.8m | Reduced -84.8k |
| Longview Partners (Guernsey) LTD 3.31% of their portfolio | 1.5m $446.4m | Reduced -198.5k |
| Legal & General Group Plc 0.12% of their portfolio | 1.4m $420.4m | Added +16.4k |
| FIL Ltd 0.40% of their portfolio | 1.4m $402.2m | Added +127.7k |
| Boston Partners 0.49% of their portfolio | 1.3m $394.8m | Added +359.6k |
| AMERIPRISE FINANCIAL INC 0.10% of their portfolio | 1.2m $357.7m | Added +514.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.07% of their portfolio | 1.2m $350.8m | Added +117.3k |
| Cantillon Capital Management LLC 2.23% of their portfolio | 1.1m $334.2m | Reduced -57.9k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 1.1m $322.7m | Added +346.1k |
| Meritage Group LP 8.15% of their portfolio | 1.1m $320.6m | Added +317.5k |
| Artisan Partners Limited Partnership 0.44% of their portfolio | 981.4k $288.1m | Added +724.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.27% of their portfolio | 980.7k $287.9m | Added +16.1k |
| BARCLAYS PLC 0.13% of their portfolio | 971.0k $285.1m | Added +19.9k |
| Invesco Ltd. 0.06% of their portfolio | 958.5k $281.4m | Reduced -162.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.16% of their portfolio | 889.2k $261.0m | Added +13.3k |
| California Public Employees Retirement System 0.19% of their portfolio | 888.4k $260.8m | Reduced -168.9k |
| POLEN CAPITAL MANAGEMENT LLC 0.61% of their portfolio | 822.0k $241.3m | Reduced -8.1k |
| C WorldWide Group Holding A/S 2.59% of their portfolio | 814.2k $239.0m | Reduced -9.9k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.26% of their portfolio | 813.1k $238.7m | Reduced -190.6k |
| First Pacific Advisors, LP 2.93% of their portfolio | 736.8k $216.3m | Added +15.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 731.5k $214.8m | Added +73.1k |
| Nuveen Asset Management, LLC 0.06% of their portfolio | 691.3k $203.0m | Added +155.5k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 655.9k $192.6m | Added +46.6k |
| USS Investment Management Ltd 1.52% of their portfolio | 647.6k $190.1m | Added +33.9k |
| BLAIR WILLIAM & CO/IL 0.55% of their portfolio | 602.5k $176.9m | Reduced -8.6k |
| OMERS ADMINISTRATION Corp 1.70% of their portfolio | 601.2k $176.5m | Added +6.9k |
| Swiss National Bank 0.12% of their portfolio | 587.8k $172.6m | Reduced -11.8k |
| UBS Group AG 0.05% of their portfolio | 543.3k $159.5m | Added +276.1k |
| Amundi 0.06% of their portfolio | 538.5k $158.7m | Added +125.2k |
| Fiera Capital Corp 0.48% of their portfolio | 530.4k $155.7m | Reduced -36.7k |
| STONE POINT CAPITAL LLC 11.93% of their portfolio | 517.1k $151.8m | New |
| FMR LLC 0.01% of their portfolio | 454.1k $133.3m | Added +78.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.10% of their portfolio | 453.6k $133.2m | Reduced -43.1k |
| BANK OF MONTREAL /CAN/ 0.04% of their portfolio | 444.5k $132.6m | Added +119.6k |
| Assenagon Asset Management S.A. 0.31% of their portfolio | 420.8k $123.5m | Added +75.9k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 393.9k $115.6m | Reduced -23.3k |
| RHUMBLINE ADVISERS 0.11% of their portfolio | 384.6k $112.9m | Added +19.9k |
| FIDUCIENT ADVISORS LLC 15.10% of their portfolio | 372.4k $109.3m | New |
| National Pension Service 0.13% of their portfolio | 370.6k $108.8m | Added +6.5k |
| Douglass Winthrop Advisors, LLC 2.20% of their portfolio | 367.0k $107.7m | Added +10.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio | 359.0k $105.4m | Reduced -10.6k |
| Partners Group Holding AG 7.50% of their portfolio | 339.0k $99.5m | New |
| NorthCoast Asset Management LLC 0.84% of their portfolio | 336.6k $98.8m | Added +7.6k |
| Haverford Trust Co 1.04% of their portfolio | 335.9k $98.6m | Reduced -11.3k |
| Russell Investments Group, Ltd. 0.16% of their portfolio | 333.3k $97.8m | Reduced -6.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.12% of their portfolio | 326.0k $95.7m | Reduced -6.6k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 311.2k $91.4m | Added +7.4k |
| Prana Capital Management, LP 4.26% of their portfolio | 304.9k $89.5m | Added +15.1k |
| Wealthspire Advisors, LLC 1.14% of their portfolio | 304.3k $89.3m | Added +296.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.12% of their portfolio | 304.0k $89.2m | Reduced -4.0k |
| NATIXIS ADVISORS, LLC 0.19% of their portfolio | 302.7k $88.9m | Reduced -37.8k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 301.3k $88.5m | Reduced -23.4k |
| BloombergSen Inc. 8.22% of their portfolio | 294.6k $86.5m | Reduced -10.5k |
| DAVENPORT & Co LLC 0.53% of their portfolio | 284.1k $83.3m | Added +2.9k |
| Bowie Capital Management, LLC 5.05% of their portfolio | 262.5k $77.1m | Added +50.1k |
| WEITZ INVESTMENT MANAGEMENT, INC. 4.02% of their portfolio | 260.9k $76.6m | Added +102.7k |
| ALTRINSIC GLOBAL ADVISORS LLC 3.35% of their portfolio | 256.0k $75.2m | New |
| AVIVA PLC 0.21% of their portfolio | 256.0k $75.2m | Added +17.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 241.5k $70.9m | Reduced -1.0m |
| Capital Group Private Client Services, Inc. 0.71% of their portfolio | 240.8k $70.7m | Reduced -38.0k |
| Scharf Investments, LLC 2.01% of their portfolio | 240.4k $70.6m | New |
| DekaBank Deutsche Girozentrale 0.13% of their portfolio | 240.4k $70.2m | Reduced -34.7k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 239.7k $70.4m | Added +157.4k |
| SEI INVESTMENTS CO 0.10% of their portfolio | 235.3k $69.1m | Added +8.6k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.62% of their portfolio | 233.4k $68.5m | Added +184.0k |
| NICHOLAS COMPANY, INC. 1.11% of their portfolio | 228.2k $67.0m | Unchanged |
| JANE STREET GROUP, LLC 0.07% of their portfolio | 227.8k $66.9m | Added +196.1k |
| Summit Trail Advisors, LLC 1.74% of their portfolio | 225.1k $66.1m | Added +223.0k |
| Squarepoint Ops LLC 0.25% of their portfolio | 224.6k $65.9m | Added +137.5k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 223.0k $65.5m | Added +3.8k |
| Ensign Peak Advisors, Inc 0.12% of their portfolio | 216.1k $63.4m | Reduced -19.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.06% of their portfolio | 208.0k $61.1m | Added +204.1k |
| Verition Fund Management LLC 0.46% of their portfolio | 204.4k $60.0m | Added +102.1k |
| RAYMOND JAMES & ASSOCIATES 0.04% of their portfolio | 202.5k $59.4m | Added +23.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.11% of their portfolio | 190.8k $56.0m | Reduced -36.6k |