What smart money is saying about Willis Towers Watson
2 funds in our archive have pitched Willis Towers Watson — most recently Polen Global Growth in March 2025.
Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments, Health, Wealth and Career; and Risk and Broking. The company offers actuarial support, plan design, and administrative services for traditional pension and retirement savings plans; plan management consulting, broking, and administration services for health and group benefit programs; and benefits outsourcing services. It also provides advice, data, software, and products to address clients' total rewards and talent issues. In addition, the company offers risk advice, insurance brokerage, and consulting services in the areas of property and casualty, aerospace, construction, and marine. Further, it offers investment consulting and discretionary management services to insurance and reinsurance companies; insurance consulting and technology, risk and capital management, pricing and predictive modeling, financial and regulatory reporting, financial and capital modeling, merger and acquisition, outsourcing, and business management services; wholesale insurance broking services to retail and wholesale brokers; and underwriting and capital management, capital market, and advisory and brokerage services. Additionally, the company provides primary medical and ancillary benefit exchange, and outsourcing services to active employees and retirees in the group and individual markets, as well as delivers healthcare and reimbursement accounts, including health savings accounts, health reimbursement arrangements, flexible spending accounts, and other consumer-directed accounts. The company was formerly known as Willis Group Holdings Public Limited Company and changed its name to Willis Towers Watson Public Limited Company in January 2016. Willis Towers Watson Public Limited Company was founded in 1828 and is based in London, the United Kingdom.
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Position history
Between Q4 2024 and Q2 2026, 6 fund letters reported a position in Willis Towers Watson — 1 opened or added to the position.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 4 | 1 | 0 | 0 |
| Q1 2026 | 2 | 0 | 0 | 0 |
| Q1 2025 | 0 | 0 | 0 | 1 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Fund activity · 6 positions · 1 move
- June 2026
“Increased: Willis Towers Watson, PLC (WTW) – We view the company’s shares as attractively valued, offering a favorable risk/reward.”
Willis Towers Watson - June 2026
“Finally, within Financial Services, Willis Towers Watson PLC (WTW) came under pressure during the period after missing investor expectations for organic revenue growth in its Risk and Brokering segment.”
Willis Towers Watson - June 2026
“Industrials, Communication Services, and Financials were the leading sources of underperformance for the Strategy during the second quarter. Pentair PLC (PNR) was the biggest detractor within Industrials during the period as management slightly reduced the outlook for its Pool segment during its first quarter earnings report. Given persistently high interest rates and the continued malaise in housing activity, investor patience with residential focused names has worn thin (Ferguson Enterprises Inc (FERG) was a detractor in the period as well). However, we think the stock reaction in Pentair PLC was overly punitive and with the stock trading at a substantial discount to peers and with a capital return program accelerating, we used this weakness to add to our position. Within Communication Services, both Comcast Corp (CMCSA) and T-Mobile Inc (TMUS) were weak in the period as the potential for a new entrant to the U.S. broadband and wireless market (satellite) drove a sell-off across the entire space. We used the weakness to add to our position in T-Mobile given its consistent execution and robust capital return. Given the increasingly blurred timetable of Comcast’s return to growth in its core broadband business, we decided to exit our remaining position in the quarter. Finally, within Financial Services, Willis Towers Watson PLC (WTW) came under pressure during the period after missing investor expectations for organic revenue growth in its Risk and Brokering segment.”
Willis Towers Watson - HoldsAltrinsic Global Advisors International EquityJune 2026
“During the quarter, benchmark returns were concentrated in a narrow group of higher-beta cyclical stocks, notably AI-related infrastructure and banks. Our underweight exposure to such characteristics – instead favoring quality, durability, and value – weighed on relative results. From a sectoral perspective, investments in financials (Deutsche Boerse, Willis Towers Watson), consumer discretionary (BMW, Alibaba), and health care (Medtronic, GSK, Sanofi) lagged this quarter.”
Willis Towers Watson - March 2026
“The rapid progression of large language models (LLM) from the likes of Anthropic and OpenAI has produced significant ripple effects across many industries, with traditional software being at the epicenter, as investors began to question the terminal value of many of these businesses. This was a main contributor of the >16% performance spread between the Russell 1000® Growth Index Information Technology sector (down ~12% in 1Q26) vs its Russell 1000 Value counterpart (up >4% in 1Q26), as well as the indexes as a whole. The Russell 1000 Growth Index was down 10% in the first quarter vs the Russell 1000 Value Index which was up 2%- a dynamic we haven’t seen in many years. As potential disruption from AI spread from software to other parts of the economy, the emergence of the “HALO” trade and investors’ preference for businesses with limited perceived disruption risk quickly gained steam. We saw sectors such as Consumer Staples, Energy, Materials, Utilities, and Real Estate all perform well vs the Russell 1000 Value Index in the first quarter, reversing the underperformance that we have seen over the last three years heading into 2026. Outside of Energy, where companies are benefitting from the increase in the underlying commodity given the conflict in the Middle East, many of the companies in these sectors have seen little fundamental improvement from an earnings perspective but have benefitted from multiple expansion given the shift in investor sentiment. For those that know us well, given our focus on free cash flow and business models that don’t exhibit heavy capital intensity, it should come as little surprise that the rise of the “HALO” trade* and a market preference for companies with “Heavy Assets” was a headwind to performance in the first quarter. While the software sector drew all the headlines around AI disruption risk, capital light businesses across various sectors were hit during the first quarter and our portfolio was not immune. Companies such as Expedia Group, Inc (EXPE), Willis Towers Watson (WTW), ICON Plc (ICLR), Fidelity Information Services (FIS), and CBRE Group, Inc (CBRE) all sold off during the first quarter on the potential long-term risks of artificial intelligence’s impact on the business models.”
Willis Towers Watson - March 2026
“Companies such as Expedia Group, Inc (EXPE), Willis Towers Watson (WTW), ICON Plc (ICLR), Fidelity Information Services (FIS), and CBRE Group, Inc (CBRE) all sold off during the first quarter on the potential long-term risks of artificial intelligence’s impact on the business models.”
Willis Towers Watson
Fund coverage · 2 theses
- Polen Global GrowthMarch 2025
Willis Towers Watson is a company poised for accelerated revenue growth and margin expansion due to strong customer relationships, effective capital allocation, and robust buyback strategies in a durable market.
Read the full thesis - Polen International GrowthDecember 2024
Willis Towers Watson is a UK-based global leader in advisory and insurance broking, benefiting from strong customer relationships and operational improvements that support revenue growth and margin expansion.
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