What smart money is saying about Willis Towers Watson
6 funds in our archive have pitched Willis Towers Watson, most recently Oakmark Global Select Fund in September 2026.
Willis Towers Watson Public Limited Company (WTW) functions as a global provider of comprehensive consulting, brokerage, and solutions services. Its operations are structured across two primary divisions: Health, Wealth and Career, and Risk and Broking. Within the Health, Wealth and Career segment, WTW furnishes actuarial guidance, plan development, and administrative assistance for conventional pension and retirement savings schemes. It also delivers consulting, brokerage, and management services for health and group employee benefit programs, along with outsourced benefits administration. Furthermore, the company offers strategic counsel, analytical data, specialized software, and various products designed to help clients effectively manage their overall compensation and human capital challenges. The Risk and Broking division extends expertise in risk management, insurance placement, and advisory services, covering sectors such as property and casualty, aerospace, construction, and marine. It also supplies investment consulting and discretionary portfolio management services tailored for insurance and reinsurance firms. Additionally, this segment encompasses specialized insurance consulting and technology solutions, including risk and capital management, predictive modeling and pricing strategies, financial and regulatory compliance reporting, capital modeling, merger and acquisition support, outsourcing, and general business management services. The company engages in wholesale insurance broking, serving both retail and other wholesale brokers, and provides services related to underwriting, capital management, capital markets, and various advisory and brokerage functions. Moreover, WTW facilitates primary medical and supplementary benefit exchanges, alongside providing outsourcing services to both active employees and retirees in collective and individual markets. It also administers various healthcare and reimbursement accounts, such as Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs), Flexible Spending Accounts (FSAs), and other consumer-directed accounts. Previously known as Willis Group Holdings Public Limited Company, the organization adopted its current name, Willis Towers Watson Public Limited Company, in January 2016. Established in 1828, WTW maintains its headquarters in London, UK.
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Fund signal · last 12 months
12 lettersToo few moves on Willis Towers Watson yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q4 2024 and Q3 2026, 13 fund letters reported a position in Willis Towers Watson, with 3 buys (opened or added) and 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 3 | 1 | 0 | 3 |
| Q2 2026 | 7 | 2 | 1 | 1 |
| Q1 2026 | 2 | 0 | 0 | 0 |
| Q2 2025 | 1 | 0 | 0 | 0 |
| Q1 2025 | 0 | 0 | 0 | 1 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 13 positions · 4 moves
- September 2026
“ Willis Towers Watson (WTW) was a strong contributor to performance in the period, rebounding from a tough start to the year.”
Willis Towers Watson - New positionOakmark Global Select FundSeptember 2026
“Willis Towers Watson (WTW) is a leading insurance broker and HR services firm.”
Willis Towers Watson - September 2026
“ Willis Towers Watson (WTW) was a strong contributor to performance in the period, rebounding from a tough start to the year.”
Willis Towers Watson - 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 - June 2026
“Bottom Contributors Verizon Communications shares declined amid large restructuring charges and broader pressure on defensive stocks. CME Group shares came under pressure after U.S. regulators eased restrictions on perpetual futures—derivative contracts that let investors speculate on an asset’s price movements without owning the asset, with no expiration date—which could present competitive challenges to established exchanges. We remain confident in our thesis given CME’s institutional dominance. Brookfield Renewable’s underperformance stemmed from an overhang from the company's exploration of combining Brookfield Renewable Partners and Brookfield Renewable Corporation Partnership units into a single security, not business deterioration. We remain convicted in the fundamental thesis given underappreciated secular tailwinds from AI data center power demand, electrification and reindustrialization. Willis Towers Watson shares dropped after the quarterly report revealed softer organic revenue growth, driven by sector-wide pricing pressures and delayed corporate projects.”
Willis Towers Watson - June 2026
“We closed our Willis Towers Watson position and brought Financials from an overweight to an underweight to reduce the portfolio’s macroeconomic sensitivity.”
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 - 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 - 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 - June 2025
“• Willis Towers Watson (WTW) was a detractor dur- ing the quarter. The U.S.-headquartered insur- ance brokers’ stock price declined despite un- eventful first-quarter earnings with no changes to its full-year outlook.”
Willis Towers Watson
Fund coverage · 6 theses
- Oakmark Global Select FundSeptember 2026
Willis Towers Watson is a capital-light insurance broker and HR services firm with high returns, margin expansion and undervalued shares.
Read the full thesis - Harris Associates Global Concentrated StrategySeptember 2026
Willis Towers Watson is an insurance broker and HR services firm with capital-light economics, margin expansion, AI benefits, and undervaluation.
Read the full thesis - Brown Advisory U.S. Value FundSeptember 2026
Willis Towers Watson provides insurance, advisory and broking solutions, and the fund sees the setback as transitory with improving organic growth and better margin targets.
Read the full thesis Willis Towers Watson, PLC has improving growth, margins, and free cash flow, with AI seen as a margin expansion opportunity and valuation support.
Read the full thesis- 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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