Willis Towers Watson

WTW • NASDAQ

Willis Towers Watson is a insurance - brokers company in the financial services sector on NASDAQ, led by Carl Hess, with a market cap of $30.6B. As of Q3 2025, 94% of shares are held by 706 institutional investors, with VANGUARD GROUP INC as the largest holder at 11.66%.

Chief Executive OfficerCarl Hess

Market Cap$30.6B

Insurance - Brokers

Financial Services

Employees48.0K

Websitewillistowerswatson.com

Country

United States of America

Overview

Overview of institutional ownership in WTW as of Q3 2025 with a market cap of $33.7B

All Institutions

Institutions: 706
Value Held: $31.6B
Shares Held: 91.4M
Avg Position: $44.7M
Median Position: $903.9K

Hedge Funds

Hedge Funds: 41
Value Held: $1.3B
Shares Held: 3.9M
Avg Position: $32.8M
Median Position: $5.3M

Ownership Breakdown

Institutional (non-HF)

89.65%

$30.2B

Hedge Funds

4.0%

$1.3B

Retail & Other

6.35%

$2.1B

Based on market cap of $33.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in WTW as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$3.9B 0.06% of portfolio	11.66% 11.4M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$3.2B 0.06% of portfolio	9.49% 9.3M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	Edward Murray Maloney CEO	$2.1B 0.66% of portfolio	6.34% 6.2M shares	Q3 2019 Held for 6y 2m	$322.72B
HARRIS ASSOCIATES L P Long Only Manager	David Gregory Herro Chairman	$1.5B 2.38% of portfolio	4.40% 4.3M shares	Q1 2021 Held for 4y 8m	$62.4B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$1.5B 0.05% of portfolio	4.38% 4.3M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
F First Eagle Investment Management, LLC Long Only Manager	David Lynn Summers Managing Partner	$1.5B 2.69% of portfolio	4.37% 4.3M shares	≤ Q2 2013 Held for 12y 5m+	$54.9B
DODGE & COX Long Only Manager	Dana Morton Emery CEO	$1.3B 0.68% of portfolio	3.72% 3.6M shares	Q2 2025 Held for 5 months	$185.33B
Artisan Partners Limited Partnership Long Only Manager	Eric Richard Colson CEO	$1.2B 1.76% of portfolio	3.63% 3.5M shares	Q4 2021 Held for 3y 11m	$69.5B
FMR LLC Institution	-	$1.2B 0.06% of portfolio	3.42% 3.3M shares	Q4 2013 Held for 11y 11m	$1.92T
T T. Rowe Price Investment Management, Inc. Insurance Manager	John Edward Robison President	$981.4M 0.61% of portfolio	2.91% 2.8M shares	Q3 2024 Held for 1y 2m	$161.58B

Net Capital Flow

Institutional buying and selling activity for WTW in Q3 2025

Net Flow: −$88.6M
Buyers: 258
Sellers: 326
Total Bought: +$2.0B
Total Sold: −$2.1B
Avg Position: $44.0M

Biggest Buyers

Institution	Net Bought	Current Position
DODGE & COX Long Only Manager	+$813.1M +2.4M shares	$1.3B 3.6M shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	+$333.8M +966.4K shares	$981.4M 2.8M shares
HARRIS ASSOCIATES L P Long Only Manager	+$175.6M +508.4K shares	$1.5B 4.3M shares
T Toroso Investments, LLC ETF Provider	+$74.7M +216.1K shares	$88.3M 255.7K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$72.5M +209.9K shares	$73.6M 213.1K shares
GOLDMAN SACHS GROUP INC Institution	+$62.8M +181.7K shares	$201.7M 583.8K shares
River Road Asset Management, LLC Long Only Manager	+$54.6M +158.2K shares	$169.2M 489.7K shares
FIRST TRUST ADVISORS LP ETF Provider	+$38.4M +111.2K shares	$43.5M 126.0K shares
VANGUARD GROUP INC Institution	+$35.9M +103.8K shares	$3.9B 11.4M shares
M MACQUARIE GROUP LTD Institution	+$26.8M +82.4K shares	$54.3M 166.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$333.8M −1.1M shares	Sold Off 0 shares
B BlackRock, Inc. Institution	−$156.7M −453.7K shares	$3.2B 9.3M shares
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS Private Equity	−$103.9M −300.9K shares	$8.1M 23.4K shares
P Prana Capital Management, LP Hedge Fund•Long/Short	−$100.4M −327.5K shares	Sold Off 0 shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	−$84.6M −244.9K shares	$458.4M 1.3M shares
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC Fund of Funds	−$77.9M −225.5K shares	$68.9M 199.4K shares
BAUPOST GROUP LLC/MA Hedge Fund	−$77.8M −225.1K shares	$376.2M 1.1M shares
BARROW HANLEY MEWHINNEY & STRAUSS LLC Long Only Manager	−$64.4M −186.4K shares	$288.5M 835.1K shares
BANK OF AMERICA CORP /DE/ Institution	−$59.3M −171.6K shares	$198.1M 573.5K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$59.1M −170.9K shares	$48.6M 140.8K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited WTW in Q3 2025

New Positions: 43
New Value: $35.1M
Exited Positions: 76
Exited Value: $632.6M

New Positions

Institution	Position Value
Teamwork Financial Advisors, LLC RIA/Wealth	$12.0M 34.8K shares
C Cardinal Point Capital Management, ULC Hedge Fund•Value	$8.8M 25.6K shares
Vivid Wealth Management, LLC RIA/Wealth	$2.6M 7.5K shares
BNC WEALTH MANAGEMENT, LLC RIA/Wealth	$2.2M 6.5K shares
FIGURE 8 INVESTMENT STRATEGIES LLC RIA/Wealth	$2.0M 5.7K shares
VestGen Advisors, LLC RIA/Wealth	$1.5M 4.4K shares
ZEGA Investments, LLC RIA/Wealth	$984.5K 2.9K shares
Catalytic Wealth RIA, LLC RIA/Wealth	$655.7K 1.9K shares
Union Bankshares Corp Institution	$577.6K 1.7K shares
ARQ WEALTH ADVISORS, LLC RIA/Wealth	$560.1K 1.6K shares

Exited Positions

Institution	Previous Position
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$333.8M 1.1M shares
P Prana Capital Management, LP Hedge Fund•Long/Short	$100.4M 327.5K shares
Q Qube Research & Technologies Ltd Institution	$39.6M 129.0K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	$37.7M 122.9K shares
Sunriver Management LLC Hedge Fund•Long/Short	$24.0M 78.5K shares
Sone Capital Management, LLC Hedge Fund•Multi-Strategy	$12.8M 41.7K shares
A AXA Institution	$10.0M 32.5K shares
Edgestream Partners, L.P. Hedge Fund•Quant Macro	$7.6M 24.7K shares
S Skandinaviska Enskilda Banken AB Institution	$6.7M 21.8K shares
Moran Wealth Management, LLC RIA/Wealth	$5.3M 17.2K shares

Options Activity

Institutions with the largest Call and Put options positions in WTW as of Q3 2025

Call Positions: 9
Call Value: $36.0M
Put Positions: 14
Put Value: $40.6M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$14.7M 426.0 contracts
J JANE STREET GROUP, LLC Institution	$9.1M 264.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$6.6M 191.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$2.2M 63.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$2.1M 61.0 contracts
BANK OF AMERICA CORP /DE/ Institution	$725.4K 21.0 contracts
W WOLVERINE TRADING, LLC Institution	$513.3K 15.0 contracts
UBS Group AG Institution	- - contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$22.0M 638.0 contracts
BANK OF AMERICA CORP /DE/ Institution	$8.4M 242.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.8M 81.0 contracts
Marshall Wace LLP Institution	$2.1M 62.0 contracts
Walleye Trading LLC RIA/Wealth	$2.1M 62.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.3M 39.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$1.2M 34.0 contracts
J JANE STREET GROUP, LLC Institution	$380.0K 11.0 contracts
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$241.8K 7.0 contracts
Interval Partners, LLC Hedge Fund•Long/Short	- - contracts

Most Committed Institutions

Institutions with WTW as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
A Aryeh Capital Management Ltd. Institution	-	19.44% $23.2M	0.07% 67.3K shares	Q2 2023 Held for 2y 5m	$119.5M
A Atalan Capital Partners, LP Hedge Fund•Long/Short	David Randolph Thomas Managing Partner	12.43% $178.0M	0.53% 515.3K shares	Q3 2023 Held for 2y 2m	$1.4B
W WESTPORT ASSET MANAGEMENT INC Long Only Manager	Andrew John Knuth Chairman	10.04% $23.9M	0.07% 69.2K shares	Q4 2016 Held for 8y 11m	$238.3M
CORTLAND ASSOCIATES INC/MO RIA/Wealth	William Mckinley Carey President	8.56% $65.7M	0.19% 190.1K shares	Q2 2020 Held for 5y 5m	$767.0M
BAUPOST GROUP LLC/MA Hedge Fund	Christopher Poh Huei Cheang Managing Partner	8.32% $376.2M	1.12% 1.1M shares	Q1 2021 Held for 4y 8m	$4.5B
R Rivermont Capital Management LP Hedge Fund•Long/Short	Frank Rosser Gough Managing Partner	7.77% $29.4M	0.09% 85.1K shares	Q4 2022 Held for 2y 11m	$378.6M
ALTRINSIC GLOBAL ADVISORS LLC Long Only Manager	John Douglas Hock CEO	6.82% $184.4M	0.55% 533.7K shares	Q3 2021 Held for 4y 2m	$2.7B
ABRAMS CAPITAL MANAGEMENT, L.P. Hedge Fund•Value	Travis Matthew Rhodes President	3.74% $249.0M	0.74% 720.8K shares	Q4 2016 Held for 8y 11m	$6.7B
S Southpoint Capital Advisors LP Hedge Fund•Long/Short	Anthony Joseph Buffalano CFO	3.72% $138.2M	0.41% 400.0K shares	Q3 2021 Held for 4y 2m	$3.7B
Clarkston Capital Partners LLC Long Only Manager	Jeffrey Anthony Hakala CEO	3.35% $155.4M	0.46% 449.8K shares	≤ Q2 2013 Held for 12y 5m+	$4.6B

Hedge Fund Spotlight

Discover hedge funds investing in WTW

Point72 Asset Management, L.P.

Hedge Fund • Multi-Strategy

Portfolio ManagerSteven Alan Cohen

Portfolio Value: $43.2B
Positions: 1,279
Last Reported: Q3 2025

Sector Allocation

Position in Willis Towers Watson

Market Value: $18.2M
Shares Held: 52.6K
Portfolio Weight: 0.04%
Owned Since: 2023-Q1

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$1.4B	3.13%
2 Microsoft MSFT	Software - Infrastructure Technology	$1.3B	3.10%
3 Arista Networks ANET	Computer Hardware Technology	$803.1M	1.86%