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 ($106.1m this quarter). Holder counts are more reliable. Shares outstanding: 213.6m as of 2026-04-30, 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 ≈ $323.07. Options: 15 managers hold calls ($97.2m notional), 19 hold puts ($68.9m).
Trends to Q1 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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 512 | 469 |
| 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 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $170.5m | $160.1m | 0.94 |
| Q3 2025 | $302.4m | $62.3m | 0.21 |
| Q4 2025 | $71.1m | $40.4m | 0.57 |
| Q1 2026 | $97.2m | $68.9m | 0.71 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +2.4m |
| MORGAN STANLEY | Added | +804.4k |
| BAUPOST GROUP LLC/MA | New | +769.0k |
| Wealthspire Advisors, LLC | Added | +710.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. | Added | +703.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +702.5k |
| Meritage Group LP | New | +680.2k |
| AQR CAPITAL MANAGEMENT LLC | Added | +549.6k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +533.4k |
| Artisan Partners Limited Partnership | Added | +526.7k |
Biggest sellers
| Berkshire Hathaway Inc | Sold out | -3.6m |
| EAGLE CAPITAL MANAGEMENT LLC | Reduced | -1.8m |
| FMR LLC | Reduced | -818.0k |
| Capital World Investors | Reduced | -775.1k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -616.9k |
| POLEN CAPITAL MANAGEMENT LLC | Reduced | -492.2k |
| Veritas Asset Management LLP | Reduced | -472.2k |
| Capital International Investors | Reduced | -448.7k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Reduced | -384.4k |
| CITADEL ADVISORS LLC | Reduced | -362.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $26.8m83.0k shares |
| JANE STREET GROUP, LLC | Added | $16.9m52.5k shares |
| CITADEL ADVISORS LLC | Added | $14.3m44.2k shares |
| JPMORGAN CHASE & CO | New | $10.2m31.6k shares |
| IMC-Chicago, LLC | Added | $8.8m27.2k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $4.8m14.9k shares |
| Squarepoint Ops LLC | Added | $4.1m12.7k shares |
| BRANT POINT INVESTMENT MANAGEMENT LLC | New | $3.2m100 shares |
| Allianz Asset Management GmbH | Reduced | $2.5m7.8k shares |
| SIMPLEX TRADING, LLC | Added | $2.3m7.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $19.5m60.4k shares |
| JPMORGAN CHASE & CO | New | $8.1m25.0k shares |
| Allianz Asset Management GmbH | Added | $7.3m22.6k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $7.0m21.8k shares |
| PEAK6 LLC | New | $4.8m14.8k shares |
| JANE STREET GROUP, LLC | Added | $4.4m13.6k shares |
| IMC-Chicago, LLC | New | $3.6m11.0k shares |
| Dockside LLC | New | $3.1m9.6k shares |
| CITADEL ADVISORS LLC | Reduced | $2.7m8.4k shares |
| CAPTRUST FINANCIAL ADVISORS | New | $2.4m7.5k 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 Q1 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 |
|---|---|---|---|---|---|
| Q2 2024 | 1 | $2.8m | 0 | — | — |
| Q3 2024 | 1 | $246.6k | 2 | $2.5m | $2.0m |
| 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 |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-02-26 | Zeidel Darren General Counsel | Sold | $1.4m4.3k shares |
| 2026-02-17 | Zeidel Darren General Counsel | Sold plan | $1.6m5.0k shares |
| 2026-02-10 | KNIGHT LESTER B Director · By Family Partnership | Bought | $1.3m4.0k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.09% of their portfolio | 16.1m $5.2bn | Reduced -88.4k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 13.6m $4.4bn | First filing |
| Capital World Investors 0.51% of their portfolio | 11.5m $3.7bn | Reduced -775.1k |
| STATE STREET CORP 0.10% of their portfolio | 9.2m $3.0bn | Added +15.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.93% of their portfolio | 8.4m $2.8bn | Reduced -186.9k |
| Dodge & Cox 1.44% of their portfolio | 8.1m $2.6bn | Added +263.6k |
| MORGAN STANLEY 0.12% of their portfolio | 6.4m $2.1bn | Added +804.4k |
| JPMORGAN CHASE & CO 0.12% of their portfolio | 5.6m $1.8bn | Added +2.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.10% of their portfolio | 5.2m $1.7bn | Added +102.9k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.08% of their portfolio | 4.6m $1.5bn | First filing |
| Bank of New York Mellon Corp 0.20% of their portfolio | 3.3m $1.1bn | Reduced -158.0k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.87% of their portfolio | 2.9m $951.7m | Added +533.4k |
| Independent Franchise Partners LLP 5.85% of their portfolio | 2.6m $835.4m | Added +472.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.55% of their portfolio | 2.5m $812.3m | Added +703.7k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 4.81% of their portfolio | 2.5m $811.0m | Reduced -152.6k |
| NORTHERN TRUST CORP 0.09% of their portfolio | 2.1m $672.1m | Reduced -17.5k |
| Boston Partners 0.66% of their portfolio | 2.0m $631.1m | Added +320.0k |
| WCM INVESTMENT MANAGEMENT, LLC 1.44% of their portfolio | 2.0m $632.7m | Reduced -33.7k |
| NEUBERGER BERMAN GROUP LLC 0.46% of their portfolio | 1.9m $599.7m | Added +53.5k |
| Artisan Partners Limited Partnership 0.87% of their portfolio | 1.6m $530.7m | Added +526.7k |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 1.6m $511.3m | Added +174.2k |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 1.6m $510.9m | Added +222.1k |
| Veritas Asset Management LLP 8.31% of their portfolio | 1.5m $490.7m | Reduced -472.2k |
| Amundi 0.13% of their portfolio | 1.5m $485.1m | Added +285.5k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 3.00% of their portfolio | 1.5m $480.3m | Reduced -108.4k |
| Invesco Ltd. 0.05% of their portfolio | 1.5m $479.9m | Added +150.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.07% of their portfolio | 1.4m $437.4m | Added +44.4k |
| POLEN CAPITAL MANAGEMENT LLC 3.02% of their portfolio | 1.4m $437.1m | Reduced -492.2k |
| Legal & General Group Plc 0.10% of their portfolio | 1.3m $432.9m | Reduced -8.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 1.3m $413.5m | Added +702.5k |
| Mawer Investment Management Ltd. 2.67% of their portfolio | 1.3m $412.2m | Reduced -200.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.08% of their portfolio | 1.3m $407.4m | Added +22.8k |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 1.3m $404.7m | Added +213.1k |
| VANGUARD FIDUCIARY TRUST CO 0.10% of their portfolio | 1.2m $395.6m | First filing |
| LAZARD ASSET MANAGEMENT LLC 0.65% of their portfolio | 1.2m $392.9m | Reduced -68.8k |
| Cantillon Capital Management LLC 2.35% of their portfolio | 1.1m $353.6m | Reduced -147.4k |
| VIKING GLOBAL INVESTORS LP 0.98% of their portfolio | 1.1m $350.9m | Added +303.5k |
| AMERIPRISE FINANCIAL INC 0.08% of their portfolio | 1.1m $348.8m | Reduced -27.5k |
| Sustainable Growth Advisers, LP 3.20% of their portfolio | 1.1m $339.5m | Reduced -169.7k |
| Vontobel Holding Ltd. 1.11% of their portfolio | 999.2k $322.5m | Added +239.0k |
| Wealthspire Advisors, LLC 2.49% of their portfolio | 984.1k $317.6m | Added +710.5k |
| AQR CAPITAL MANAGEMENT LLC 0.14% of their portfolio | 979.8k $316.2m | Added +549.6k |
| Longview Partners (Guernsey) LTD 4.46% of their portfolio | 976.3k $315.1m | Reduced -129.5k |
| UBS Group AG 0.05% of their portfolio | 903.9k $291.8m | Added +83.8k |
| Nuveen, LLC 0.07% of their portfolio | 851.1k $274.7m | Added +42.9k |
| Capital International Investors 0.06% of their portfolio | 807.1k $260.6m | Reduced -448.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.14% of their portfolio | 797.4k $257.4m | Added +340.9k |
| BAUPOST GROUP LLC/MA 4.85% of their portfolio | 769.0k $248.2m | New |
| FIL Ltd 0.19% of their portfolio | 746.0k $240.8m | Reduced -137.8k |
| First Pacific Advisors, LP 3.18% of their portfolio | 703.3k $227.0m | Added +46.7k |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 688.1k $222.1m | Reduced -266.6k |
| Meritage Group LP 8.28% of their portfolio | 680.2k $219.5m | New |
| ALTRINSIC GLOBAL ADVISORS LLC 7.64% of their portfolio | 660.7k $213.3m | Added +9.5k |
| DEUTSCHE BANK AG\ 0.07% of their portfolio | 644.7k $208.1m | Reduced -150.9k |
| Focus Partners Wealth 0.23% of their portfolio | 630.8k $203.6m | Added +84.6k |
| COMGEST GLOBAL INVESTORS S.A.S. 4.42% of their portfolio | 628.7k $202.9m | Added +371.9k |
| BARCLAYS PLC 0.07% of their portfolio | 600.6k $193.8m | Added +12.0k |
| Swiss National Bank 0.11% of their portfolio | 599.3k $193.4m | Added +37.9k |
| OMERS ADMINISTRATION Corp 1.18% of their portfolio | 567.5k $183.2m | Unchanged |
| Fiera Capital Corp 0.61% of their portfolio | 550.3k $177.6m | Added +16.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.15% of their portfolio | 547.9k $176.8m | Added +315.8k |
| FMR LLC 0.01% of their portfolio | 523.2k $168.9m | Reduced -818.0k |
| USS Investment Management Ltd 0.69% of their portfolio | 502.5k $162.2m | Reduced -179.3k |
| Southpoint Capital Advisors LP 3.32% of their portfolio | 500.0k $161.4m | Reduced -150.0k |
| California Public Employees Retirement System 0.09% of their portfolio | 475.9k $153.6m | Reduced -132.3k |
| National Pension Service 0.12% of their portfolio | 475.5k $153.5m | Added +3.0k |
| Vanguard Global Advisers, LLC 0.08% of their portfolio | 469.1k $151.4m | First filing |
| EAGLE CAPITAL MANAGEMENT LLC 0.50% of their portfolio | 463.4k $149.6m | Reduced -1.8m |
| SEI INVESTMENTS CO 0.13% of their portfolio | 451.9k $145.9m | Reduced -9.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.09% of their portfolio | 447.3k $144.4m | Reduced -23.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio | 423.2k $136.6m | Added +78.9k |
| BLAIR WILLIAM & CO/IL 0.39% of their portfolio | 421.6k $136.1m | Reduced -74.7k |
| C WorldWide Group Holding A/S 2.77% of their portfolio | 399.3k $128.9m | Reduced -32.9k |
| Douglass Winthrop Advisors, LLC 2.33% of their portfolio | 394.5k $127.3m | Added +1.9k |
| RHUMBLINE ADVISERS 0.11% of their portfolio | 380.6k $122.9m | Reduced -3.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio | 368.4k $118.9m | Reduced -53.7k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 365.7k $118.0m | Added +25.7k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.10% of their portfolio | 361.9k $116.8m | First filing |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 361.3k $116.6m | Added +71.1k |
| HSBC HOLDINGS PLC 0.07% of their portfolio | 354.2k $114.4m | Reduced -27.2k |
| Haverford Trust Co 1.02% of their portfolio | 346.1k $111.7m | Reduced -5.1k |
| NATIXIS ADVISORS, LLC 0.15% of their portfolio | 341.9k $110.4m | Added +7.4k |
| DAVENPORT & Co LLC 0.60% of their portfolio | 337.0k $108.9m | Added +67.7k |
| Prana Capital Management, LP 3.20% of their portfolio | 323.5k $104.4m | Added +167.3k |
| Bowie Capital Management, LLC 4.92% of their portfolio | 322.2k $104.0m | Reduced -22.0k |
| Cryder Capital Partners LLP 6.78% of their portfolio | 321.7k $103.8m | Added +26.5k |
| AVIVA PLC 0.17% of their portfolio | 310.3k $100.2m | Reduced -23.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.11% of their portfolio | 309.0k $99.7m | Reduced -9.4k |
| LORD, ABBETT & CO. LLC 0.31% of their portfolio | 298.5k $96.4m | Added +26.5k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.11% of their portfolio | 291.3k $94.1m | Added +238.7k |
| BANK OF MONTREAL /CAN/ 0.04% of their portfolio | 288.2k $93.0m | Reduced -27.7k |
| BRISTOL JOHN W & CO INC /NY/ 1.50% of their portfolio | 283.1k $91.4m | Reduced -3.1k |
| DekaBank Deutsche Girozentrale 0.15% of their portfolio | 275.4k $90.4m | Unchanged |
| CapitalatWork S.A. 2.62% of their portfolio | 272.0k $87.8m | Added +74.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.06% of their portfolio | 269.1k $86.8m | Added +246.7k |
| Russell Investments Group, Ltd. 0.09% of their portfolio | 262.9k $84.9m | Reduced -43.6k |
| JONES FINANCIAL COMPANIES LLLP 0.04% of their portfolio | 259.0k $81.3m | Added +253.8k |
| Scharf Investments, LLC 2.54% of their portfolio | 254.9k $82.3m | Added +46.8k |
| BloombergSen Inc. 9.18% of their portfolio | 254.0k $82.0m | Reduced -8.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 250.9k $81.0m | Added +2.4k |