AJG
Arthur J. Gallagher & Co. · Financial Services · Insurance - Brokers
Momentum inputs (comparable managers):
holder breadth +1.8% ·
share flow -6.9% ·
net new positions +2.4%
— formula
Ownership fragmentation — more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q4 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 166 | +1 | 179.37M | $41.13B | +6 | −4 |
| Q1 2026 | 167 | -1 | 178.94M | $38.71B | +4 | −6 |
| Q4 2025 | 167 | +3 | 199.17M | $51.54B | +5 | −1 |
| Q3 2025 | 23 | +1 | 147.58M | $45.71B | +3 | −3 |
| Q2 2025 | 20 | 0 | 102.85M | $32.91B | +1 | −1 |
| Q1 2025 | 17 | -3 | 40.12M | $13.85B | +1 | −4 |
| Q4 2024 | 20 | +4 | 40.97M | $11.63B | +4 | — |
| Q3 2024 | 15 | +3 | 21.34M | $6.00B | +3 | — |
| Q2 2024 | 12 | — | 21.73M | $5.63B | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group ✦ (passive) | 31.39M | +0.7% | $8.12B | 0.1% | ▲ Add | 3 | SEC ↗ ×6 |
| 2 | JPMorgan Chase ✦ | 20.31M | -50.1% | $5.26B | 0.4% | ▼ Trim | 2 | SEC ↗ ×19 |
| 3 | BlackRock ✦ (passive) | 19.24M | +3.6% | $4.98B | 0.1% | ▲ Add | 3 | SEC ↗ ×21 |
| 4 | Fidelity (FMR) ✦ | 15.11M | +20.6% | $3.91B | 0.2% | ▲ Add | 3 | SEC ↗ ×7 |
| 5 | Capital World Investors ✦ | 12.61M | +7.0% | $3.26B | 0.4% | ▲ Add | 7 | SEC ↗ |
| 6 | State Street Global Advisors ✦ (passive) | 10.95M | +0.6% | $2.83B | 0.1% | ▲ Add | 5 | SEC ↗ |
| 7 | Morgan Stanley ✦ | 7.77M | -9.5% | $2.01B | 0.1% | ▼ Trim | 2 | SEC ↗ ×20 |
| 8 | Norges Bank ✦ (passive) | 7.44M | New | $1.93B | 0.2% | New | 1 | SEC ↗ |
| 9 | Capital International Investors | 6.28M | — | $1.63B | 0.3% | n/c | 1 | SEC ↗ |
| 10 | Geode Capital Management ✦ (passive) | 6.01M | +0.2% | $1.55B | 0.1% | ▲ Add | 7 | SEC ↗ ×2 |
| 11 | Mitsubishi UFJ Asset Management… | 3.06M | — | $782.35M | 0.5% | n/c | 1 | SEC ↗ |
| 12 | Wellington Management ✦ | 2.97M | -9.3% | $767.57M | 0.1% | ▼ Trim | 7 | SEC ↗ ×8 |
| 13 | Principal Financial Group Inc | 2.83M | — | $733.15M | 0.4% | n/c | 1 | SEC ↗ ×4 |
| 14 | Wcm Investment Management, Llc | 2.38M | — | $623.23M | 1.3% | n/c | 1 | SEC ↗ |
| 15 | Northern Trust Corp | 2.23M | — | $577.17M | 0.1% | n/c | 1 | SEC ↗ ×9 |
| 16 | Charles Schwab Investment… | 2.04M | — | $528.88M | 0.1% | n/c | 1 | SEC ↗ ×3 |
| 17 | Brown Advisory Inc | 2.03M | — | $524.81M | 0.7% | n/c | 1 | SEC ↗ ×4 |
| 18 | Janus Henderson Group Plc | 1.87M | — | $483.87M | 0.2% | n/c | 1 | SEC ↗ ×4 |
| 19 | Invesco Ltd. | 1.73M | — | $448.53M | 0.0% | n/c | 1 | SEC ↗ ×14 |
| 20 | Goldman Sachs Group ✦ | 1.71M | +22.1% | $442.93M | 0.1% | ▲ Add | 2 | SEC ↗ ×5 |
| 21 | Capital Research Global Investors | 1.55M | — | $400.73M | 0.1% | n/c | 1 | SEC ↗ |
| 22 | Bank Of America Corp /De/ | 1.51M | — | $390.28M | 0.0% | n/c | 1 | SEC ↗ ×8 |
| 23 | UBS AM, a distinct business unit of… | 1.45M | — | $374.41M | 0.1% | n/c | 1 | SEC ↗ ×11 |
| 24 | Legal & General Group Plc | 1.37M | — | $354.51M | 0.1% | n/c | 1 | SEC ↗ ×3 |
| 25 | FIL Ltd | 1.31M | — | $338.52M | 0.3% | n/c | 1 | SEC ↗ ×3 |
| 26 | Bank of New York Mellon Corp | 1.31M | — | $338.10M | 0.1% | n/c | 1 | SEC ↗ ×17 |
| 27 | Envestnet Asset Management Inc | 1.22M | — | $316.25M | 0.1% | n/c | 1 | SEC ↗ |
| 28 | UBS Group AG | 1.08M | — | $279.09M | 0.1% | n/c | 1 | SEC ↗ ×5 |
| 29 | Hsbc Holdings Plc | 1.07M | — | $276.94M | 0.1% | n/c | 1 | SEC ↗ ×20 |
| 30 | Viking Global Investors ✦ | 1.04M | New | $269.39M | 0.7% | New | 1 | SEC ↗ |
| 31 | Amundi | 930.59K | — | $240.83M | 0.1% | n/c | 1 | SEC ↗ ×4 |
| 32 | Dodge & Cox ✦ | 880.59K | New | $227.89M | 0.1% | New | 1 | SEC ↗ |
| 33 | Baillie Gifford ✦ | 865.26K | -4.8% | $223.92M | 0.2% | ▼ Trim | 7 | SEC ↗ ×4 |
| 34 | Boston Partners | 830.16K | — | $214.76M | 0.2% | n/c | 1 | SEC ↗ ×4 |
| 35 | Dimensional Fund Advisors Lp | 805.60K | — | $208.51M | 0.0% | n/c | 1 | SEC ↗ ×5 |
| 36 | Alliancebernstein L.P. | 793.11K | — | $205.25M | 0.1% | n/c | 1 | SEC ↗ ×2 |
| 37 | Swiss National Bank | 702.62K | — | $181.83M | 0.1% | n/c | 1 | SEC ↗ |
| 38 | Nuveen, LLC | 682.48K | — | $176.62M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 39 | Deutsche Bank Ag\ | 677.99K | — | $175.46M | 0.1% | n/c | 1 | SEC ↗ ×9 |
| 40 | Barclays Plc | 674.28K | — | $174.50M | 0.1% | n/c | 1 | SEC ↗ ×4 |
| 41 | Focus Partners Wealth | 644.13K | — | $166.69M | 0.2% | n/c | 1 | SEC ↗ |
| 42 | Citadel Advisors ✦ | 623.96K | +461.0% | $161.47M | 0.1% | ▲ Add | 6 | SEC ↗ |
| 43 | Sumitomo Mitsui Trust Group, Inc. | 575.69K | — | $148.98M | 0.1% | n/c | 1 | SEC ↗ |
| 44 | T. Rowe Price ✦ | 567.74K | +43.2% | $146.93M | 0.0% | ▲ Add | 7 | SEC ↗ ×2 |
| 45 | Bank Julius Baer & Co. Ltd, Zurich | 556.95K | — | $144.46M | 0.4% | n/c | 1 | SEC ↗ |
| 46 | California Public Employees… | 538.16K | — | $139.27M | 0.1% | n/c | 1 | SEC ↗ |
| 47 | Raymond James Financial Inc | 536.68K | — | $138.89M | 0.0% | n/c | 1 | SEC ↗ ×4 |
| 48 | National Pension Service | 508.41K | — | $131.57M | 0.1% | n/c | 1 | SEC ↗ |
| 49 | Wells Fargo & Company/Mn | 481.53K | — | $124.62M | 0.0% | n/c | 1 | SEC ↗ ×6 |
| 50 | Bnp Paribas Financial Markets | 477.11K | — | $123.47M | 0.1% | n/c | 1 | SEC ↗ |
| 51 | Royal Bank Of Canada | 469.41K | — | $121.48M | 0.0% | n/c | 1 | SEC ↗ ×12 |
| 52 | Rhumbline Advisers | 442.87K | — | $114.61M | 0.1% | n/c | 1 | SEC ↗ |
| 53 | Manufacturers Life Insurance… | 425.35K | — | $110.08M | 0.1% | n/c | 1 | SEC ↗ |
| 54 | Allianz Asset Management GmbH | 394.22K | — | $102.02M | 0.1% | n/c | 1 | SEC ↗ ×4 |
| 55 | Franklin Resources Inc | 390.31K | — | $101.01M | 0.0% | n/c | 1 | SEC ↗ ×11 |
| 56 | Td Asset Management Inc | 384.53K | — | $99.51M | 0.1% | n/c | 1 | SEC ↗ ×2 |
| 57 | California State Teachers… | 378.48K | — | $97.95M | 0.1% | n/c | 1 | SEC ↗ |
| 58 | Universal- Beteiligungs- und… | 358.10K | — | $92.80M | 0.2% | n/c | 1 | SEC ↗ |
| 59 | Bank Of Montreal /Can/ | 355.71K | — | $92.05M | 0.0% | n/c | 1 | SEC ↗ ×8 |
| 60 | Credit Agricole S A | 306.39K | — | $79.29M | 0.2% | n/c | 1 | SEC ↗ ×4 |
| 61 | American Century Companies Inc | 282.94K | — | $73.22M | 0.0% | n/c | 1 | SEC ↗ |
| 62 | New York State Common Retirement… | 274.56K | — | $71.05M | 0.1% | n/c | 1 | SEC ↗ |
| 63 | Russell Investments Group, Ltd. | 262.06K | — | $67.89M | 0.1% | n/c | 1 | SEC ↗ ×13 |
| 64 | Citigroup Inc | 261.89K | — | $67.78M | 0.0% | n/c | 1 | SEC ↗ ×4 |
| 65 | Ameriprise Financial Inc | 238.59K | — | $61.76M | 0.0% | n/c | 1 | SEC ↗ ×5 |
| 66 | State Board Of Administration Of… | 220.73K | — | $57.12M | 0.1% | n/c | 1 | SEC ↗ |
| 67 | Sei Investments Co | 212.54K | — | $55.01M | 0.1% | n/c | 1 | SEC ↗ ×2 |
| 68 | Lazard Asset Management Llc | 206.24K | — | $53.37M | 0.1% | n/c | 1 | SEC ↗ |
| 69 | Aviva Plc | 205.33K | — | $53.14M | 0.1% | n/c | 1 | SEC ↗ |
| 70 | Artisan Partners Limited Partnership | 204.84K | — | $53.01M | 0.1% | n/c | 1 | SEC ↗ |
| 71 | LPL Financial LLC | 204.31K | — | $52.87M | 0.0% | n/c | 1 | SEC ↗ |
| 72 | Corient Private Wealth LP | 195.76K | — | $50.37M | 0.0% | n/c | 1 | SEC ↗ ×6 |
| 73 | Aberdeen Group plc | 184.40K | — | $47.72M | 0.1% | n/c | 1 | SEC ↗ ×2 |
| 74 | Stifel Financial Corp | 182.45K | — | $47.22M | 0.0% | n/c | 1 | SEC ↗ ×6 |
| 75 | Mml Investors Services, Llc | 177.33K | — | $45.89M | 0.1% | n/c | 1 | SEC ↗ |
| 76 | Nomura Asset Management Co Ltd | 175.02K | — | $45.29M | 0.1% | n/c | 1 | SEC ↗ ×4 |
| 77 | D. E. Shaw & Co. ✦ | 173.50K | +404.5% | $44.90M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 78 | Toronto Dominion Bank | 163.56K | — | $42.32M | 0.1% | n/c | 1 | SEC ↗ ×3 |
| 79 | Adage Capital Partners ✦ | 159.80K | -45.5% | $41.36M | 0.1% | ▼ Trim | 7 | SEC ↗ |
| 80 | Mercer Global Advisors Inc /Adv | 155.40K | — | $40.44M | 0.1% | n/c | 1 | SEC ↗ |
| 81 | Pictet Asset Management Holding SA | 154.40K | — | $39.96M | 0.0% | n/c | 1 | SEC ↗ |
| 82 | Storebrand Asset Management As | 152.30K | — | $39.41M | 0.1% | n/c | 1 | SEC ↗ |
| 83 | Danske Bank A/S | 151.76K | — | $39.27M | 0.1% | n/c | 1 | SEC ↗ ×2 |
| 84 | AQR Capital Management ✦ | 147.80K | +0.8% | $38.25M | 0.0% | ▲ Add | 7 | SEC ↗ ×4 |
| 85 | Royal London Asset Management Ltd | 147.76K | — | $38.24M | 0.1% | n/c | 1 | SEC ↗ |
| 86 | Mitsubishi UFJ Trust & Banking Corp | 145.18K | — | $37.57M | 0.1% | n/c | 1 | SEC ↗ |
| 87 | Voya Investment Management Llc | 136.26K | — | $35.26M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 88 | Massachusetts Financial Services Co… | 134.91K | — | $34.91M | 0.0% | n/c | 1 | SEC ↗ ×4 |
| 89 | State Of Wisconsin Investment Board | 134.71K | — | $34.86M | 0.1% | n/c | 1 | SEC ↗ |
| 90 | Chevy Chase Trust Holdings, LLC | 131.10K | — | $33.93M | 0.1% | n/c | 1 | SEC ↗ ×2 |
| 91 | Asset Management One Co., Ltd. | 127.53K | — | $33.55M | 0.1% | n/c | 1 | SEC ↗ |
| 92 | Prudential Financial Inc | 126.16K | — | $32.65M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 93 | Korea Investment CORP | 117.21K | — | $30.33M | 0.1% | n/c | 1 | SEC ↗ |
| 94 | Quantinno Capital Management LP | 117.06K | — | $30.29M | 0.1% | n/c | 1 | SEC ↗ |
| 95 | Captrust Financial Advisors | 111.31K | — | $28.81M | 0.1% | n/c | 1 | SEC ↗ |
| 96 | Truist Financial Corp | 108.14K | — | $27.99M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 97 | Zurcher Kantonalbank (Zurich… | 105.56K | — | $27.32M | 0.1% | n/c | 1 | SEC ↗ |
| 98 | BNP Paribas Asset Management… | 96.16K | — | $24.89M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 99 | Swedbank AB | 93.32K | — | $24.15M | 0.0% | n/c | 1 | SEC ↗ |
| 100 | Nomura Asset Management… | 92.08K | — | $23.83M | 0.0% | n/c | 1 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Norges Bank | $1.93B | 0.2% |
| Viking Global Investors | $269.39M | 0.7% |
| Dodge & Cox | $227.89M | 0.1% |
Exited
| Bridgewater Associates | $12.14M | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 1,234 holders, 209.94M shares, $44.40B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.
Open-market purchases (P)
No open-market insider purchases in our coverage window.
Open-market sales (S)
Officer · 1.00K sh · $252,858
Officer · 12.00K sh · $3.17M
Officer · 12.00K sh · $3.24M
Officer · 3.50K sh · $899,588
Awards, exercises and tax withholding are never counted as buys or sales here. Methodology