1,268 hedge funds and large institutions have $66.5B invested in Aon in 2025 Q4 according to their latest regulatory filings, with 149 funds opening new positions, 422 increasing their positions, 473 reducing their positions, and 100 closing their positions.

New
Increased
Maintained
Reduced
Closed

more call options, than puts

Call options by funds: $ | Put options by funds: $

more first-time investments, than exits

New positions opened: | Existing positions closed:

more funds holding

Funds holding:

more ownership

Funds ownership:

1% more capital invested

Capital invested by funds: $66.2B → $66.5B (+$332M)

4% less funds holding in top 10

Funds holding in top 10: 2726 (-1)

11% less repeat investments, than reductions

Existing positions increased: 422 | Existing positions reduced: 473

Holders
1,268
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
26
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$109M
Puts
$40.4M
Net Calls
Net Calls Change

Top Sellers

1 -$356M
2 -$225M
3 -$220M
4
Morgan Stanley
Morgan Stanley
New York
-$198M
5
Neuberger Berman Group
Neuberger Berman Group
New York
-$184M
Name Holding Trade Value Shares
Change
Change in
Stake
Daiwa Securities Group
251
Daiwa Securities Group
Japan
$12M
NIM
252
NEOS Investment Management
Connecticut
$11.9M
CI
253
Capital International
California
$11.8M
TBA
254
Tower Bridge Advisors
Pennsylvania
$11.8M
PFM
255
Premier Fund Managers
United Kingdom
$11.7M
OAM
256
Oppenheimer Asset Management
New York
$11.6M
BDA
257
Borer Denton & Associates
Pennsylvania
$11.6M
PTPFOECYE
258
PBU - The Pension Fund of Early Childhood & Youth Educators
$11.6M
FMI
259
Factory Mutual Insurance
Massachusetts
$11.5M
Hudson Bay Capital Management
260
Hudson Bay Capital Management
Connecticut
$11.5M
Wealth Enhancement Advisory Services
261
Wealth Enhancement Advisory Services
Minnesota
$11.4M
PFSRSONJ
262
Police & Firemen's Retirement System of New Jersey
New Jersey
$11.4M
US Bancorp
263
US Bancorp
Minnesota
$11.1M
CAPTRUST Financial Advisors
264
CAPTRUST Financial Advisors
North Carolina
$11M
CM
265
Cercano Management
Washington
$10.7M
PGFC
266
Peapack-Gladstone Financial Corp
New Jersey
$10.7M
WJWM
267
Williams Jones Wealth Management
New York
$10.4M
BFIM
268
Beese Fulmer Investment Management
Ohio
$10.4M
Baird Financial Group
269
Baird Financial Group
Wisconsin
$10.3M
M
270
MOTCO
Texas
$10.3M
SMDAM
271
Sumitomo Mitsui DS Asset Management
Japan
$10M
Macquarie Group
272
Macquarie Group
Australia
$9.99M
American Century Companies
273
American Century Companies
Missouri
$9.98M
EMPI
274
Elo Mutual Pension Insurance
Finland
$9.95M
VPIM
275
Vanguard Personalized Indexing Management
California
$9.88M