What smart money is saying about Marsh & McLennan Companies, Inc.
7 funds in our archive have pitched Marsh & McLennan Companies, Inc. — most recently Artisan Partners US Select Equity Fund in June 2026.
Marsh & McLennan Companies (MMC) operates as a leading global professional services organization, delivering expert guidance and innovative solutions to clients worldwide across the critical domains of risk, strategic planning, and human capital. Its operations are bifurcated into two primary divisions: Risk and Insurance Services, and Consulting. The Risk and Insurance Services arm provides an extensive range of risk management capabilities, encompassing strategic risk advice, risk transfer mechanisms, and solutions for risk control and mitigation. This segment is also proficient in insurance and reinsurance brokerage, offers sophisticated catastrophe and financial modeling, delivers associated advisory services, and manages insurance programs. Its diverse clientele includes businesses, governmental bodies, insurance companies, associations, specialized professional service organizations, and private individuals. Conversely, the Consulting division specializes in advisory services and products related to health, wealth, and career development. It also extends its expertise to specialized management, economic analysis, and brand strategy consulting. Founded in 1871, Marsh & McLennan Companies, Inc. maintains its corporate headquarters in New York, New York.
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Position history
Between Q4 2025 and Q2 2026, 7 fund letters reported a position in Marsh & McLennan Companies, Inc. — 5 opened or added to the position.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 4 | 4 | 0 | 3 |
| Q1 2026 | 3 | 1 | 0 | 3 |
| Q4 2025 | 0 | 0 | 0 | 1 |
Fund activity · 7 positions · 5 moves
- New positionHarris Associates U.S. Concentrated StrategyJune 2026
“• Marsh & McLennan is the world’s largest insur- ance broker and risk management firm.”
Read the letterMarsh & McLennan Companies, Inc. - New positionClearBridge Investments Dividend StrategyJune 2026
“We recently built significant positions in ADP, Blackstone, Marsh & McLennan and Otis and added materially to positions in Apollo, Haleon and Unilever.”
Read the letterMarsh & McLennan Companies, Inc. - AddedArtisan Partners Global Value FundJune 2026
“We added meaningfully to Marsh during the quarter.”
Read the letterMarsh & McLennan Companies, Inc. - AddedArtisan Partners Select Equity StrategyJune 2026
“We added meaningfully to Marsh during the quarter.”
Read the letterMarsh & McLennan Companies, Inc. - HoldsHardman Johnston Select EquityMarch 2026
“Marsh & McLennan Cos. Inc. United States 3.0 Insurance”
Read the letterMarsh & McLennan Companies, Inc. - HoldsHardman Johnston Large Cap EquityMarch 2026
“Charles Schwab Corp United States 3.2 Capital Markets Marsh & McLennan Cos. Inc. United States 2.0 Insurance”
Read the letterMarsh & McLennan Companies, Inc. - New positionBA Beutel Goodman U.S. Value FundMarch 2026
“We added several new positions during the quarter: Union Pacific, Sysco, Wells Fargo, Beckton Dickinson and Marsh & McLennan.”
Read the letterMarsh & McLennan Companies, Inc.
Fund coverage · 7 theses
- Artisan Partners US Select Equity FundJune 2026
Marsh is held and added to because the managers see the stock as cheap, with a durable commercial insurance brokerage model and valuable proprietary data that AI is unlikely to displace.
Read the full thesis - Artisan Partners Global Value StrategyJune 2026
Marsh & McLennan Companies, Inc. is seen as undervalued, with durable commercial insurance brokerage economics and limited AI disruption risk.
Read the full thesis - Harris Associates U.S. Concentrated StrategyJune 2026
Marsh & McLennan is the largest insurance broker and risk management firm, supported by oligopolistic positioning, organic growth, margin expansion, and efficiency initiatives.
Read the full thesis - BA Beutel Goodman U.S. Value FundMarch 2026
Marsh & McLennan is a capital-light market leader with recurring revenues, strong retention, and attractive valuation after derating.
Read the full thesis - Harris Associates U.S. Large Value StrategyMarch 2026
Marsh & McLennan benefits from dominant positioning, margin expansion, and efficiency initiatives that support its long-term case.
Read the full thesis - Oakmark Select FundMarch 2026
Marsh & McLennan is the largest insurance broker with sustained margin expansion, efficiency initiatives, limited AI disruption risk, and an attractive mid-teens earnings multiple.
Read the full thesis - DavenportDecember 2025
Marsh & McLennan Companies, Inc. is a capital-light insurance broker at a reasonable valuation with steady dividends, potential buybacks, and upside if growth normalizes.
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