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 ($64.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $300.43. Options: 9 managers hold calls ($32.2m notional), 9 hold puts ($21.6m).
Trends to Q1 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 |
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 | 332 | 270 |
| 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 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $116.6m | $25.3m | 0.22 |
| Q3 2025 | $36.2m | $41.0m | 1.13 |
| Q4 2025 | $22.0m | $10.6m | 0.48 |
| Q1 2026 | $32.2m | $21.6m | 0.67 |
Biggest buyers
| CITADEL ADVISORS LLC | Added | +553.0k |
| Dodge & Cox | Added | +406.9k |
| HARRIS ASSOCIATES L P | Added | +404.6k |
| FRANKLIN RESOURCES INC | Added | +356.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +345.8k |
| Artisan Partners Limited Partnership | Added | +325.0k |
| GOLDMAN SACHS GROUP INC | Added | +281.7k |
| Squarepoint Ops LLC | Added | +234.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +204.7k |
| GFS Advisors, LLC | New | +191.1k |
Biggest sellers
| T. Rowe Price Investment Management, Inc. | Reduced | -5.2m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | Reduced | -527.9k |
| BAUPOST GROUP LLC/MA | Reduced | -464.5k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -367.8k |
| BlackRock, Inc. | Reduced | -354.0k |
| Atalan Capital Partners, LP | Sold out | -336.0k |
| Clarkston Capital Partners, LLC | Reduced | -271.1k |
| Canoe Financial LP | Reduced | -246.0k |
| Sound Shore Management Inc /CT/ | Sold out | -226.1k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -179.8k |
Biggest calls
| JPMORGAN CHASE & CO | New | $11.6m40.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.4m22.0k shares |
| JANE STREET GROUP, LLC | Added | $4.2m14.3k shares |
| Walleye Trading LLC | New | $3.5m12.0k shares |
| CITADEL ADVISORS LLC | Reduced | $3.4m11.7k shares |
| IMC-Chicago, LLC | New | $2.3m7.8k shares |
| Jefferies Financial Group Inc. | Unchanged | $610.5k2.1k shares |
| GROUP ONE TRADING LLC | Added | $203.5k700 shares |
| Capula Management Ltd | Not comparable | $58.1k200 shares |
Biggest puts
| JPMORGAN CHASE & CO | New | $11.6m40.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.8m19.9k shares |
| CITADEL ADVISORS LLC | Reduced | $1.2m4.2k shares |
| Twin Tree Management, LP | Reduced | $1.0m3.6k shares |
| SIMPLEX TRADING, LLC | New | $639.5k2.2k shares |
| JANE STREET GROUP, LLC | Added | $552.3k1.9k shares |
| IMC-Chicago, LLC | New | $494.2k1.7k shares |
| Walleye Trading LLC | Reduced | $232.6k800 shares |
| Capula Management Ltd | Not comparable | $87.2k300 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 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 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| 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 | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-03 | Furman Matthew General Counsel | Sold | $912.0k3.0k shares |
| 2026-02-13 | Clarke Lucy President of Risk & Broking | Bought | $996.9k3.5k shares |
| 2026-02-12 | Hammond Michael P. Director | Bought | $67.2k241 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. 0.04% of their portfolio | 8.1m $2.4bn | Reduced -354.0k |
| Dodge & Cox 1.17% of their portfolio | 7.3m $2.1bn | Added +406.9k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 6.2m $1.8bn | First filing |
| HARRIS ASSOCIATES L P 2.34% of their portfolio | 6.0m $1.7bn | Added +404.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.87% of their portfolio | 5.9m $2.6bn | Reduced -110.3k |
| First Eagle Investment Management, LLC 2.14% of their portfolio | 4.3m $1.3bn | Added +88.6k |
| STATE STREET CORP 0.04% of their portfolio | 4.2m $1.2bn | Reduced -10.2k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.06% of their portfolio | 4.1m $1.2bn | First filing |
| Artisan Partners Limited Partnership 1.80% of their portfolio | 3.8m $1.1bn | Added +325.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 2.6m $750.1m | Added +43.1k |
| Invesco Ltd. 0.07% of their portfolio | 2.3m $676.6m | Added +114.5k |
| FMR LLC 0.03% of their portfolio | 2.2m $626.1m | Reduced -60.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.25% of their portfolio | 1.4m $397.0m | Added +97.7k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 1.1m $319.4m | Reduced -7.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 1.0m $293.6m | Added +345.8k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 1.0m $290.9m | Added +11.9k |
| ALLIANCEBERNSTEIN L.P. 0.11% of their portfolio | 991.2k $325.7m | Added +66.6k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 935.7k $272.0m | Added +281.7k |
| JANUS HENDERSON GROUP PLC 0.13% of their portfolio | 903.8k $262.7m | Added +9.2k |
| BANK OF MONTREAL /CAN/ 0.11% of their portfolio | 897.0k $260.8m | Reduced -44.6k |
| BAUPOST GROUP LLC/MA 5.08% of their portfolio | 893.1k $259.6m | Reduced -464.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 870.7k $253.1m | Added +4.7k |
| MORGAN STANLEY 0.01% of their portfolio | 814.7k $236.8m | Reduced -127.7k |
| ABRAMS CAPITAL MANAGEMENT, L.P. 4.52% of their portfolio | 720.8k $209.5m | Unchanged |
| Legal & General Group Plc 0.05% of their portfolio | 700.0k $203.5m | Added +9.7k |
| T. Rowe Price Investment Management, Inc. 0.14% of their portfolio | 675.4k $196.3m | Reduced -5.2m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 618.4k $179.8m | Added +16.7k |
| ALTRINSIC GLOBAL ADVISORS LLC 6.31% of their portfolio | 606.4k $176.3m | Added +99.5k |
| CITADEL ADVISORS LLC 0.12% of their portfolio | 574.3k $166.9m | Added +553.0k |
| VANGUARD FIDUCIARY TRUST CO 0.04% of their portfolio | 534.8k $155.5m | First filing |
| Bank of New York Mellon Corp 0.03% of their portfolio | 505.4k $146.9m | Added +30.9k |
| River Road Asset Management, LLC 1.60% of their portfolio | 485.0k $141.0m | Added +144.5k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 474.9k $138.0m | Reduced -64.6k |
| AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio | 464.4k $135.0m | Reduced -179.8k |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 407.9k $118.6m | Added +356.7k |
| Amundi 0.03% of their portfolio | 366.0k $106.4m | Added +45.2k |
| PARNASSUS INVESTMENTS, LLC 0.31% of their portfolio | 365.2k $106.2m | Added +7.7k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 351.8k $102.3m | Added +15.2k |
| Balyasny Asset Management L.P. 0.19% of their portfolio | 338.1k $98.3m | Reduced -94.8k |
| CRAWFORD INVESTMENT COUNSEL INC 1.64% of their portfolio | 330.8k $96.2m | Reduced -646 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 316.2k $91.9m | Added +204.7k |
| BRANDES INVESTMENT PARTNERS, LP 0.62% of their portfolio | 299.0k $86.9m | Added +23.4k |
| JOHNSON INVESTMENT COUNSEL INC 0.68% of their portfolio | 288.1k $83.7m | Added +3.7k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 287.1k $83.2m | Added +124.4k |
| BARCLAYS PLC 0.03% of their portfolio | 283.4k $82.4m | Reduced -120.1k |
| UBS Group AG 0.01% of their portfolio | 281.9k $81.9m | Reduced -25.7k |
| Swiss National Bank 0.05% of their portfolio | 281.0k $81.7m | Added +13.7k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 271.6k $78.7m | Reduced -30.4k |
| Nuveen, LLC 0.02% of their portfolio | 269.7k $78.4m | Reduced -47.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 265.6k $77.2m | Added +37.1k |
| SEI INVESTMENTS CO 0.07% of their portfolio | 265.6k $77.2m | Added +2.5k |
| Squarepoint Ops LLC 0.16% of their portfolio | 263.1k $76.5m | Added +234.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 221.4k $64.4m | Reduced -18.1k |
| California Public Employees Retirement System 0.04% of their portfolio | 218.8k $63.6m | Reduced -31.0k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.21% of their portfolio | 216.0k $62.8m | Reduced -527.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 215.3k $62.6m | Added +10.8k |
| Vanguard Global Advisers, LLC 0.03% of their portfolio | 208.8k $60.7m | First filing |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 205.3k $59.6m | Added +3.6k |
| GFS Advisors, LLC 1.69% of their portfolio | 191.1k $26.4m | New |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 191.0k $55.5m | Reduced -13.6k |
| CORTLAND ASSOCIATES INC/MO 7.52% of their portfolio | 180.3k $52.4m | Reduced -6.5k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 173.6k $50.5m | Reduced -2.9k |
| CITIGROUP INC 0.03% of their portfolio | 166.6k $48.4m | Added +49.0k |
| Point72 Asset Management, L.P. 0.08% of their portfolio | 164.3k $47.8m | Added +127.6k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.04% of their portfolio | 162.2k $47.2m | First filing |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 157.5k $45.8m | Added +14.8k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 154.2k $44.8m | Added +24.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 153.4k $44.6m | Reduced -5.3k |
| National Pension Service 0.03% of their portfolio | 148.1k $43.1m | Reduced -10.6k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.24% of their portfolio | 133.2k $38.7m | Added +67.2k |
| Prana Capital Management, LP 1.09% of their portfolio | 122.7k $35.7m | New |
| Korea Investment CORP 0.07% of their portfolio | 121.6k $35.4m | Added +95.6k |
| EXCHANGE TRADED CONCEPTS, LLC 0.27% of their portfolio | 121.0k $35.2m | Added +60.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.05% of their portfolio | 120.2k $34.9m | Added +53.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 118.0k $34.3m | Added +15.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 113.5k $33.0m | Added +1.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 103.4k $30.1m | New |
| NEW SOUTH CAPITAL MANAGEMENT INC 1.42% of their portfolio | 101.9k $29.6m | Reduced -1.9k |
| CIDEL ASSET MANAGEMENT INC 1.60% of their portfolio | 100.7k $29.3m | Reduced -29.5k |
| Gotham Asset Management, LLC 0.09% of their portfolio | 97.6k $28.4m | Reduced -14.3k |
| NATIXIS ADVISORS, LLC 0.04% of their portfolio | 96.6k $28.1m | Reduced -74.9k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.03% of their portfolio | 91.9k $26.7m | Added +8.2k |
| DANSKE BANK A/S 0.06% of their portfolio | 88.8k $25.8m | Added +16.2k |
| Woodline Partners LP 0.10% of their portfolio | 87.6k $25.5m | Added +85.8k |
| BAMCO INC /NY/ 0.08% of their portfolio | 85.9k $25.0m | Reduced -470 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.05% of their portfolio | 85.5k $24.9m | Reduced -965 |
| AVIVA PLC 0.04% of their portfolio | 84.2k $24.5m | Added +187 |
| DEROY & DEVEREAUX PRIVATE INVESTMENT COUNSEL INC 1.17% of their portfolio | 83.9k $24.4m | Reduced -294 |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 82.3k $24.0m | Added +1.1k |
| Alberta Investment Management Corp 0.14% of their portfolio | 80.0k $23.3m | Reduced -60.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 76.2k $22.2m | Reduced -89.2k |
| Aberdeen Group plc 0.04% of their portfolio | 75.5k $22.0m | Added +2.8k |
| BROWN ADVISORY INC 0.04% of their portfolio | 75.2k $21.8m | Added +6.4k |
| AMF Tjanstepension AB 0.13% of their portfolio | 69.8k $20.3m | Added +2.0k |
| WESTPORT ASSET MANAGEMENT INC 8.89% of their portfolio | 69.2k $20.1m | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 67.9k $19.7m | Reduced -1.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 66.2k $19.2m | Reduced -467 |
| APG Asset Management N.V. 0.05% of their portfolio | 65.4k $16.5m | Reduced -2.8k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.03% of their portfolio | 63.3k $18.4m | Added +7.4k |
| EVENTIDE ASSET MANAGEMENT, LLC 0.30% of their portfolio | 63.1k $18.3m | New |