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$MRSH
$194.72 -$2.76 (1.4%) Close

Ownership

13F as of Q2 2026 · 475.5M shares outstanding

Who owns MRSH?

By type of holder
Institutions 92.2% Insiders 0.1% Everyone else 7.7%
Concentration Top 10 holders own 41.0%
BlackRock, Inc. 8.3% · Vanguard Capital Management LLC 6.6%
Institutional ownership
92.2%
-0.1 pts vs last qtr
Institutional holders
1,496
-53 vs last qtr
Net shares bought
−636.1K
by institutions in Q2 2026
New / sold out
143 / 196
positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026
  • Norges Bank NEW +6.3M
  • EdgePoint Investment Group Inc. NEW +3.8M

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Biggest sellers in Q2 2026
  • FMR LLC −3.2M
  • BlackRock, Inc. −2.6M

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Who is planning to sell?

Notices of proposed sale, last 12 months
$20M
13 notices from 9 people
Shares covered
110.2K
0.02% of the company
Arranged in advance
70%
of the value is under a 10b5-1 plan
Under a 10b5-1 plan No plan
$0$2.1M$4.2MNovDec 2025: $3.8M under a 10b5-1 planDecJanFebMar 2026: $3.1M under a 10b5-1 planMar 2026: $1.1M without a planMarAprMayJun 2026: $2.7M under a 10b5-1 planJunJul 2026: $141.2K under a 10b5-1 planJul 2026: $3.5M without a planJulAug 2026: $1.2M without a planAugSep 2026: $3.1M under a 10b5-1 planSep 2026: $224.9K without a planSepOct 2026: $1.1M under a 10b5-1 planOct
Largest proposed sellers
  • Doyle John Q Officer 10b5-1 $12.7M
  • Yates Lloyd M Director $2.11M

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Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2016–FY2025
−5.7%
−0.65% a year
Each share's claim on the business
+6.1%
grew without buying or selling a share
Spent on buybacks vs paid in stock
$10B vs $2.83B
over 10 fiscal years
Diluted shares, split-adjusted
479.2M504.2M529.2M2016: 524.0M shares'162017: 519.0M shares'172018: 511.0M shares'182019: 511.0M shares'192020: 512.0M shares'202021: 513.0M shares'212022: 505.0M shares'222023: 499.0M shares'232024: 496.0M shares'242025: 494.0M shares'25
Buybacks Stock-based comp
$0$1.01B$2.01B2016 buybacks: $800.0M2016 stock comp: $109.0M'162017 buybacks: $900.0M2017 stock comp: $149.0M'172018 buybacks: $675.0M2018 stock comp: $193.0M'182019 buybacks: $485.0M2019 stock comp: $252.0M'192020 buybacks: $02020 stock comp: $290.0M'202021 buybacks: $1.16B2021 stock comp: $348.0M'212022 buybacks: $1.95B2022 stock comp: $367.0M'222023 buybacks: $1.15B2023 stock comp: $363.0M'232024 buybacks: $900.0M2024 stock comp: $368.0M'242025 buybacks: $2.01B2025 stock comp: $394.0M'25

How patient are the owners?

Institutional shares by how long they've been held
5+ years86% 3–5 years2% 1–3 years5% Under 1 year7%
Quarterly turnover
8.1%
of institutional shares changed hands
Top 10 managers, median time held
5 years

Super Investors

Investment managers reporting MRSH on Form 13F
B
BlackRock, Inc.
Shares
39.5M
% of company
8.31%
Change vs last qtr
−2.6M (−6.1%)
Held since
≤2021
VC
Vanguard Capital Management LLC
Shares
31.5M
% of company
6.62%
Change vs last qtr
+4.9K (+0.0%)
Held since
≤2021

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Institutional Funds

Mutual funds and ETFs reporting MRSH on Form N-PORT; together they hold 43.6% of the company
WM
Washington Mutual Investors Fund
Position value
$3.85B
% of company
4.26%
% of the fund
1.76%
As of
July 31, 2026
VT
Position value
$2.55B
% of company
3.22%
% of the fund
0.11%
As of
June 30, 2026

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Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G
DJ
Doyle John Q
Insider
Shares
116.8K
% of company
0.02%
Change vs last qtr
—
Held since
—
FO
Fanjul Oscar
Insider
Shares
53.7K
% of company
0.01%
Change vs last qtr
—
Held since
—

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