Cliff Asness's MMC Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 1.48 M shares of Marsh & McLennan Companies, Inc. (MMC) worth $274.2 M, representing 0.14% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 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
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +445,558 | Add 43.15% | 1.48 M | $185.52 |
| Q3 2025 | +602,056 | Add 139.88% | 1.03 M | $200.34 |
| Q2 2025 | -121,211 | Reduce 21.97% | 430,405 | $217.15 |
| Q1 2025 | +136,959 | Add 33.03% | 551,616 | $244.03 |
| Q4 2024 | +41,337 | Add 11.07% | 414,657 | $212.41 |
| Q3 2024 | +37,592 | Add 11.20% | 373,320 | $223.09 |
| Q2 2024 | +7,515 | Add 2.29% | 335,728 | $210.72 |
| Q1 2024 | +11,115 | Add 3.51% | 328,213 | $205.98 |
| Q4 2023 | +23,298 | Add 7.93% | 317,098 | $188.96 |
| Q3 2023 | +525 | Add 0.18% | 293,800 | $190.30 |
| Q2 2023 | -54,500 | Reduce 15.67% | 293,275 | $187.74 |
| Q1 2023 | +9,759 | Add 2.89% | 347,775 | $166.15 |
| Q4 2022 | +4,661 | Add 1.40% | 338,016 | $165.38 |
| Q3 2022 | +25,266 | Add 8.20% | 333,355 | $149.29 |
| Q2 2022 | -23,413 | Reduce 7.06% | 308,089 | $153.41 |
| Q1 2022 | +18,074 | Add 5.77% | 331,502 | $170.42 |
| Q4 2021 | +10,819 | Add 3.58% | 313,428 | $173.36 |
| Q3 2021 | -6,475 | Reduce 2.09% | 302,609 | $151.43 |
| Q2 2021 | -30,833 | Reduce 9.07% | 309,084 | $140.68 |
| Q1 2021 | -26,285 | Reduce 7.18% | 339,917 | $121.26 |
| Q4 2020 | -33,055 | Reduce 8.28% | 366,202 | $115.53 |
| Q3 2020 | -89,420 | Reduce 18.30% | 399,257 | $113.92 |
| Q2 2020 | -1,662 | Reduce 0.34% | 488,677 | $105.82 |
| Q1 2020 | +27,588 | Add 5.96% | 490,339 | $86.46 |
| Q4 2019 | +2,858 | Add 0.62% | 462,751 | $111.41 |
| Q3 2019 | -12,790 | Reduce 2.71% | 459,893 | $99.94 |
| Q2 2019 | -4,008 | Reduce 0.84% | 472,683 | $98.96 |
| Q1 2019 | +18,572 | Add 4.05% | 476,691 | $93.31 |
| Q4 2018 | +26,031 | Add 6.02% | 458,119 | $79.75 |
| Q3 2018 | +49,840 | Add 13.04% | 432,088 | $82.72 |
| Q2 2018 | -6,874 | Reduce 1.77% | 382,248 | $81.97 |
| Q1 2018 | +55,590 | Add 16.67% | 389,122 | $82.59 |
| Q4 2017 | +52,271 | Add 18.58% | 333,532 | $81.39 |
| Q3 2017 | +5,063 | Add 1.83% | 281,261 | $83.81 |
| Q2 2017 | +21,046 | Add 8.25% | 276,198 | $77.96 |
| Q1 2017 | +3,012 | Add 1.19% | 255,152 | $73.89 |
| Q4 2016 | +75,888 | Add 43.06% | 252,140 | $67.59 |
| Q3 2016 | +44,839 | Add 34.12% | 176,252 | $67.25 |
| Q2 2016 | +23,272 | Add 21.52% | 131,413 | $68.46 |
| Q1 2016 | -168,514 | Reduce 60.91% | 108,141 | $60.79 |
| Q4 2015 | -86,506 | Reduce 23.82% | 276,655 | $55.45 |
| Q3 2015 | -60,605 | Reduce 14.30% | 363,161 | $52.22 |
| Q2 2015 | -4,693 | Reduce 1.10% | 423,766 | $56.70 |
| Q1 2015 | +119,600 | Add 38.72% | 428,459 | $56.09 |
| Q4 2014 | +100,023 | Add 47.90% | 308,859 | $57.24 |
| Q3 2014 | -143 | Reduce 0.07% | 208,836 | $52.34 |
| Q2 2014 | -4,695 | Reduce 2.20% | 208,979 | $51.82 |
| Q1 2014 | +54,200 | Add 33.99% | 213,674 | $49.30 |
| Q4 2013 | -16,705 | Reduce 9.48% | 159,474 | $48.36 |
| Q3 2013 | +8,678 | Add 5.18% | 176,179 | $43.55 |
| Q2 2013 | +167,501 | Add 0.00% | 167,501 | $39.92 |
| Q4 2012 | +252,169 | Add 0.00% | 252,169 | $34.47 |
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 53 quarters since Q4 2012.
Cliff Asness's largest addition to Marsh & McLennan Companies, Inc. (MMC) was in Q3 2025, adding 1,032,461 shares worth $206.84 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 1,478,019 shares of Marsh & McLennan Companies, Inc. (MMC), valued at approximately $274.2 M.
As of the Q4 2025 filing, Marsh & McLennan Companies, Inc. (MMC) represents approximately 0.14% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Marsh & McLennan Companies, Inc. (MMC) was 1,478,019 shares, as reported at the end of Q4 2025.