Cliff Asness's MMC Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 1.03 M shares of Marsh & McLennan Companies, Inc. (MMC) worth $206.84 M, representing 0.13% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 52 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in MMC, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2025, adding 602,056 shares. Largest reduction occurred in Q1 2016, reducing 168,514 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Marsh & McLennan Companies (MMC) Holding Value Over Time
Track share changes against reported price movement
Quarterly Marsh & McLennan Companies (MMC) Trades by Cliff Asness
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2012 | +252,170 | Add 0.00% | 252,169 | $34.47 |
| Q2 2013 | +167,502 | Add 0.00% | 167,501 | $39.92 |
| Q3 2013 | +8,678 | Add 5.18% | 176,179 | $43.55 |
| Q4 2013 | -16,705 | Reduce 9.48% | 159,474 | $48.36 |
| Q1 2014 | +54,200 | Add 33.99% | 213,674 | $49.30 |
| Q2 2014 | -4,695 | Reduce 2.20% | 208,979 | $51.82 |
| Q3 2014 | -143 | Reduce 0.07% | 208,836 | $52.34 |
| Q4 2014 | +100,023 | Add 47.90% | 308,859 | $57.24 |
| Q1 2015 | +119,600 | Add 38.72% | 428,459 | $56.09 |
| Q2 2015 | -4,693 | Reduce 1.10% | 423,766 | $56.70 |
| Q3 2015 | -60,605 | Reduce 14.30% | 363,161 | $52.22 |
| Q4 2015 | -86,506 | Reduce 23.82% | 276,655 | $55.45 |
| Q1 2016 | -168,514 | Reduce 60.91% | 108,141 | $60.79 |
| Q2 2016 | +23,272 | Add 21.52% | 131,413 | $68.46 |
| Q3 2016 | +44,839 | Add 34.12% | 176,252 | $67.25 |
| Q4 2016 | +75,888 | Add 43.06% | 252,140 | $67.59 |
| Q1 2017 | +3,012 | Add 1.19% | 255,152 | $73.89 |
| Q2 2017 | +21,046 | Add 8.25% | 276,198 | $77.96 |
| Q3 2017 | +5,063 | Add 1.83% | 281,261 | $83.81 |
| Q4 2017 | +52,271 | Add 18.58% | 333,532 | $81.39 |
| Q1 2018 | +55,590 | Add 16.67% | 389,122 | $82.59 |
| Q2 2018 | -6,874 | Reduce 1.77% | 382,248 | $81.97 |
| Q3 2018 | +49,840 | Add 13.04% | 432,088 | $82.72 |
| Q4 2018 | +26,031 | Add 6.02% | 458,119 | $79.75 |
| Q1 2019 | +18,572 | Add 4.05% | 476,691 | $93.31 |
| Q2 2019 | -4,008 | Reduce 0.84% | 472,683 | $98.96 |
| Q3 2019 | -12,790 | Reduce 2.71% | 459,893 | $99.94 |
| Q4 2019 | +2,858 | Add 0.62% | 462,751 | $111.41 |
| Q1 2020 | +27,588 | Add 5.96% | 490,339 | $86.46 |
| Q2 2020 | -1,662 | Reduce 0.34% | 488,677 | $105.82 |
| Q3 2020 | -89,420 | Reduce 18.30% | 399,257 | $113.92 |
| Q4 2020 | -33,055 | Reduce 8.28% | 366,202 | $115.53 |
| Q1 2021 | -26,285 | Reduce 7.18% | 339,917 | $121.26 |
| Q2 2021 | -30,833 | Reduce 9.07% | 309,084 | $140.68 |
| Q3 2021 | -6,475 | Reduce 2.09% | 302,609 | $151.43 |
| Q4 2021 | +10,819 | Add 3.58% | 313,428 | $173.36 |
| Q1 2022 | +18,074 | Add 5.77% | 331,502 | $170.42 |
| Q2 2022 | -23,413 | Reduce 7.06% | 308,089 | $153.41 |
| Q3 2022 | +25,266 | Add 8.20% | 333,355 | $149.29 |
| Q4 2022 | +4,661 | Add 1.40% | 338,016 | $165.38 |
| Q1 2023 | +9,759 | Add 2.89% | 347,775 | $166.15 |
| Q2 2023 | -54,500 | Reduce 15.67% | 293,275 | $187.74 |
| Q3 2023 | +525 | Add 0.18% | 293,800 | $190.30 |
| Q4 2023 | +23,298 | Add 7.93% | 317,098 | $188.96 |
| Q1 2024 | +11,115 | Add 3.51% | 328,213 | $205.98 |
| Q2 2024 | +7,515 | Add 2.29% | 335,728 | $210.72 |
| Q3 2024 | +37,592 | Add 11.20% | 373,320 | $223.09 |
| Q4 2024 | +41,337 | Add 11.07% | 414,657 | $212.41 |
| Q1 2025 | +136,959 | Add 33.03% | 551,616 | $244.03 |
| Q2 2025 | -121,211 | Reduce 21.97% | 430,405 | $217.15 |
| Q3 2025 | +602,056 | Add 139.88% | 1.03 M | $200.34 |
Cliff Asness's Marsh & McLennan Companies Investment FAQs
Cliff Asness first purchased Marsh & McLennan Companies, Inc. (MMC) in Q4 2012, acquiring 252,169 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Marsh & McLennan Companies, Inc. (MMC) for 52 quarters since Q4 2012. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's largest addition to Marsh & McLennan Companies, Inc. (MMC) was in Q3 2025, adding 1,032,461 shares worth $206.84 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 1,032,461 shares of Marsh & McLennan Companies, Inc. (MMC), valued at approximately $206.84 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Marsh & McLennan Companies, Inc. (MMC) represents approximately 0.13% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's peak holding in Marsh & McLennan Companies, Inc. (MMC) was 1,032,461 shares, as reported at the end of Q3 2025. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.