WILLIS TOWERS WATSON PLC LTD WTW
SHS · Common Stock · CUSIP G96629103
Global insurance company
* 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 ($80.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $270.23. Options: 9 managers hold calls ($39.5m notional), 10 hold puts ($27.1m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 565 |
| Q4 2022 | 596 |
| Q1 2023 | 607 |
| Q2 2023 | 581 |
| Q3 2023 | 560 |
| Q4 2023 | 631 |
| Q1 2024 | 663 |
| Q2 2024 | 652 |
| Q3 2024 | 672 |
| Q4 2024 | 708 |
| Q1 2025 | 760 |
| Q2 2025 | 724 |
| Q3 2025 | 729 |
| Q4 2025 | 750 |
| Q1 2026 | 723 |
| Q2 2026 | 692 |
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 | 324 | 278 |
| Q4 2024 | 325 | 301 |
| Q1 2025 | 351 | 329 |
| Q2 2025 | 318 | 378 |
| Q3 2025 | 330 | 327 |
| Q4 2025 | 303 | 360 |
| Q1 2026 | 325 | 396 |
| Q2 2026 | 306 | 371 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $36.2m | $41.0m | 1.13 |
| Q4 2025 | $22.0m | $10.6m | 0.48 |
| Q1 2026 | $32.2m | $21.6m | 0.67 |
| Q2 2026 | $39.5m | $27.1m | 0.69 |
Biggest buyers
| First Eagle Investment Management, LLC | Added | +4.6m |
| Artisan Partners Limited Partnership | Added | +1.8m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +711.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +706.1k |
| Dodge & Cox | Added | +693.0k |
| AMERICAN CENTURY COMPANIES INC | Added | +206.6k |
| BlackRock, Inc. | Added | +200.8k |
| PFA Pension, Forsikringsaktieselskab | Added | +155.8k |
| SG Americas Securities, LLC | Added | +126.1k |
| SEI INVESTMENTS CO | Added | +98.7k |
Biggest sellers
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -1.0m |
| BAUPOST GROUP LLC/MA | Sold out | -893.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -865.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -376.1k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -354.1k |
| Balyasny Asset Management L.P. | Reduced | -330.8k |
| Squarepoint Ops LLC | Reduced | -258.6k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | Sold out | -216.0k |
| CITADEL ADVISORS LLC | Reduced | -191.5k |
| GFS Advisors, LLC | Sold out | -191.1k |
Biggest calls
| JPMORGAN CHASE & CO | Unchanged | $10.6m40.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $8.5m32.6k shares |
| CITADEL ADVISORS LLC | Added | $6.4m24.6k shares |
| Squarepoint Ops LLC | New | $5.9m22.7k shares |
| JANE STREET GROUP, LLC | Reduced | $3.1m11.7k shares |
| Walleye Trading LLC | Reduced | $3.0m11.5k shares |
| IMC-Chicago, LLC | Reduced | $1.3m4.9k shares |
| SIMPLEX TRADING, LLC | New | $392.1k1.5k shares |
| GROUP ONE TRADING LLC | Added | $287.5k1.1k shares |
Biggest puts
| JPMORGAN CHASE & CO | Unchanged | $10.6m40.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $7.0m26.9k shares |
| Squarepoint Ops LLC | New | $2.5m9.4k shares |
| JANE STREET GROUP, LLC | Added | $1.9m7.3k shares |
| CITADEL ADVISORS LLC | Added | $1.6m6.1k shares |
| Walleye Trading LLC | Added | $1.2m4.6k shares |
| Twin Tree Management, LP | Reduced | $862.5k3.3k shares |
| SIMPLEX TRADING, LLC | Added | $731.8k2.8k shares |
| IMC-Chicago, LLC | Added | $653.4k2.5k shares |
| GROUP ONE TRADING LLC | New | $52.3k200 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 |
|---|---|
| DODGE & COX 13G · institution +1.3 pts · filed 2026-08-13 | 8.5% |
| BlackRock, Inc. 13G · institution filed 2025-04-23 | 7.6% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-28 | 7.5% |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 13G · institution filed 2025-02-13 | 6.4% |
| Artisan Partners Limited Partnership 13G · institution new · filed 2026-08-13 | 5.9% |
| HARRIS ASSOCIATES L P 13G · institution new · filed 2026-02-17 | 5.9% |
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 | — | 0 | — | — |
| Q1 2025 | 0 | — | 1 | $1.7m | — |
| Q2 2025 | 0 | — | 3 | $3.7m | $3.7m |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 2 | $1.1m | 1 | $912.0k | — |
| Q2 2026 | 2 | $1.0m | 0 | — | — |
| Q3 2026 | 0 | — | 1 | $250.2k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-10 | Faber Alexis Chief Operating Officer | Sold | $250.2k730 shares |
| 2026-05-06 | Clarke Lucy President of Risk & Broking | Bought | $499.3k1.9k shares |
| 2026-05-04 | Hess Carl Aaron Chief Executive Officer, director | Bought | $510.2k2.0k 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 2026
| Manager | Shares | Change |
|---|---|---|
| First Eagle Investment Management, LLC 1.94% of their portfolio | 9.0m $2.3bn | Added +4.6m |
| BlackRock, Inc. 0.03% of their portfolio | 8.3m $2.2bn | Added +200.8k |
| Dodge & Cox 1.10% of their portfolio | 8.0m $2.1bn | Added +693.0k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 6.2m $1.6bn | Added +9.4k |
| HARRIS ASSOCIATES L P 2.05% of their portfolio | 5.9m $1.5bn | Reduced -109.6k |
| Artisan Partners Limited Partnership 2.36% of their portfolio | 5.5m $1.4bn | Added +1.8m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.72% of their portfolio | 5.5m $2.3bn | Reduced -376.1k |
| STATE STREET CORP 0.03% of their portfolio | 4.3m $1.1bn | Added +98.6k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.05% of their portfolio | 4.1m $1.1bn | Added +7.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 2.6m $677.4m | Added +11.7k |
| FMR LLC 0.03% of their portfolio | 2.2m $579.2m | Added +62.2k |
| Invesco Ltd. 0.04% of their portfolio | 2.2m $567.6m | Reduced -155.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 1.7m $449.9m | Added +711.2k |
| NORGES BANK 0.04% of their portfolio | 1.4m $374.8m | Not comparable |
| NORTHERN TRUST CORP 0.03% of their portfolio | 1.0m $274.2m | Reduced -49.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.12% of their portfolio | 1.0m $267.2m | Added +706.1k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 1.0m $262.9m | Added +5.2k |
| BANK OF MONTREAL /CAN/ 0.09% of their portfolio | 933.4k $244.0m | Added +36.4k |
| Jupiter Topco LLC 0.10% of their portfolio | 916.3k $239.5m | First filing |
| MORGAN STANLEY 0.01% of their portfolio | 834.4k $218.1m | Added +19.8k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 769.2k $201.1m | Reduced -166.5k |
| ABRAMS CAPITAL MANAGEMENT, L.P. 3.44% of their portfolio | 720.8k $188.4m | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.08% of their portfolio | 671.0k $175.4m | Added +206.6k |
| T. Rowe Price Investment Management, Inc. 0.11% of their portfolio | 665.2k $173.9m | Reduced -10.2k |
| Legal & General Group Plc 0.04% of their portfolio | 652.4k $170.5m | Reduced -47.6k |
| ALLIANCEBERNSTEIN L.P. 0.06% of their portfolio | 637.0k $185.2m | Reduced -354.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 629.2k $164.5m | Added +10.8k |
| ALTRINSIC GLOBAL ADVISORS LLC 5.73% of their portfolio | 596.6k $155.9m | Reduced -9.8k |
| VANGUARD FIDUCIARY TRUST CO 0.03% of their portfolio | 530.6k $138.7m | Reduced -4.2k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 509.1k $133.1m | Added +3.8k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 454.0k $118.7m | Reduced -20.9k |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 447.0k $116.8m | Added +39.2k |
| CITADEL ADVISORS LLC 0.06% of their portfolio | 382.8k $100.1m | Reduced -191.5k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 375.1k $98.0m | Added +23.3k |
| River Road Asset Management, LLC 1.08% of their portfolio | 371.9k $97.2m | Reduced -113.1k |
| Amundi 0.02% of their portfolio | 371.3k $97.0m | Added +5.3k |
| SEI INVESTMENTS CO 0.08% of their portfolio | 364.3k $95.2m | Added +98.7k |
| PARNASSUS INVESTMENTS, LLC 0.25% of their portfolio | 355.2k $92.8m | Reduced -10.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio | 339.0k $88.6m | Reduced -1.0m |
| CRAWFORD INVESTMENT COUNSEL INC 1.43% of their portfolio | 329.4k $86.1m | Reduced -1.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 322.8k $85.4m | Added +51.2k |
| BRANDES INVESTMENT PARTNERS, LP 0.56% of their portfolio | 307.9k $80.5m | Added +8.8k |
| UBS Group AG 0.01% of their portfolio | 277.1k $72.4m | Reduced -4.8k |
| Swiss National Bank 0.04% of their portfolio | 266.6k $69.7m | Reduced -14.4k |
| Nuveen, LLC 0.02% of their portfolio | 266.6k $69.7m | Reduced -3.1k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 259.8k $67.8m | Added +68.8k |
| JOHNSON INVESTMENT COUNSEL INC 0.47% of their portfolio | 247.0k $64.5m | Reduced -41.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 241.4k $63.1m | Reduced -24.2k |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 236.4k $61.8m | Added +31.1k |
| BARCLAYS PLC 0.02% of their portfolio | 232.5k $60.8m | Reduced -50.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 229.6k $60.0m | Added +14.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 221.4k $57.9m | Reduced -47 |
| Vanguard Global Advisers, LLC 0.02% of their portfolio | 204.1k $53.3m | Reduced -4.7k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.03% of their portfolio | 182.5k $47.7m | Added +20.3k |
| SG Americas Securities, LLC 0.03% of their portfolio | 181.5k $47.5m | Added +126.1k |
| Point72 Asset Management, L.P. 0.07% of their portfolio | 175.2k $45.8m | Added +10.9k |
| CORTLAND ASSOCIATES INC/MO 6.59% of their portfolio | 174.4k $45.6m | Reduced -5.9k |
| PFA Pension, Forsikringsaktieselskab 0.12% of their portfolio | 174.3k $45.6m | Added +155.8k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 174.2k $45.5m | Added +644 |
| Prana Capital Management, LP 1.37% of their portfolio | 172.2k $45.0m | Added +49.6k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 171.6k $44.8m | Added +14.0k |
| California Public Employees Retirement System 0.03% of their portfolio | 171.2k $44.8m | Reduced -47.6k |
| National Pension Service 0.03% of their portfolio | 170.9k $44.7m | Added +22.8k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 169.8k $44.4m | Reduced -117.4k |
| EXCHANGE TRADED CONCEPTS, LLC 0.21% of their portfolio | 160.3k $41.9m | Added +39.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 151.7k $39.7m | Reduced -1.6k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 147.8k $38.6m | Reduced -6.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 144.6k $37.8m | Added +41.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 144.1k $37.7m | Added +26.0k |
| CITIGROUP INC 0.02% of their portfolio | 135.2k $35.3m | Reduced -31.4k |
| Gotham Asset Management, LLC 0.08% of their portfolio | 126.3k $33.0m | Added +28.7k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.26% of their portfolio | 122.6k $32.1m | Reduced -10.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 114.5k $29.9m | Added +950 |
| NEW SOUTH CAPITAL MANAGEMENT INC 1.12% of their portfolio | 97.4k $25.5m | Reduced -4.5k |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 90.2k $23.6m | Added +36.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 86.9k $22.7m | Added +10.7k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio | 84.2k $22.0m | Reduced -36.0k |
| BAMCO INC /NY/ 0.03% of their portfolio | 84.2k $22.0m | Reduced -1.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 83.9k $21.9m | Reduced -1.6k |
| AVIVA PLC 0.03% of their portfolio | 83.0k $21.7m | Reduced -1.1k |
| DEROY & DEVEREAUX PRIVATE INVESTMENT COUNSEL INC 0.90% of their portfolio | 82.9k $21.7m | Reduced -934 |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 82.3k $21.5m | Reduced -14.3k |
| Aberdeen Group plc 0.03% of their portfolio | 81.6k $21.3m | Added +6.1k |
| APG Asset Management N.V. 0.05% of their portfolio | 80.7k $18.5m | Added +15.4k |
| Quantinno Capital Management LP 0.03% of their portfolio | 79.9k $20.9m | Added +32.2k |
| INTECH INVESTMENT MANAGEMENT LLC 0.19% of their portfolio | 77.6k $20.3m | Added +16.1k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio | 76.4k $20.0m | Reduced -15.5k |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 75.3k $19.6m | Reduced -7.0k |
| BROWN ADVISORY INC 0.03% of their portfolio | 75.0k $19.6m | Reduced -166 |
| DANSKE BANK A/S 0.04% of their portfolio | 71.5k $18.7m | Reduced -17.3k |
| AMF Tjanstepension AB 0.11% of their portfolio | 69.8k $18.3m | Unchanged |
| WESTPORT ASSET MANAGEMENT INC 7.39% of their portfolio | 69.2k $18.1m | Unchanged |
| FIL Ltd 0.01% of their portfolio | 67.8k $17.7m | Added +5.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 66.2k $17.3m | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 65.2k $17.0m | Reduced -2.7k |
| FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND 0.08% of their portfolio | 62.3k $16.3m | Added +3.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 61.8k $16.2m | Reduced -337 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.02% of their portfolio | 61.1k $16.0m | Added +1.0k |
| EVENTIDE ASSET MANAGEMENT, LLC 0.21% of their portfolio | 60.7k $15.9m | Reduced -2.4k |
| CIDEL ASSET MANAGEMENT INC 0.73% of their portfolio | 58.4k $15.3m | Reduced -42.4k |