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711 hedge funds and large institutions have $32.5B invested in Aon in 2020 Q1 according to their latest regulatory filings, with 90 funds opening new positions, 227 increasing their positions, 269 reducing their positions, and 187 closing their positions.

New
Increased
Maintained
Reduced
Closed

345% more call options, than puts

Call options by funds: $75.6M | Put options by funds: $17M

0.75% less ownership

Funds ownership: 85.34%84.58% (-0.75%)

13% less funds holding

Funds holding: 815711 (-104)

16% less repeat investments, than reductions

Existing positions increased: 227 | Existing positions reduced: 269

17% less funds holding in top 10

Funds holding in top 10: 3630 (-6)

22% less capital invested

Capital invested by funds: $41.6B → $32.5B (-$9.1B)

52% less first-time investments, than exits

New positions opened: 90 | Existing positions closed: 187

Holders
711
Holders Change
-104
Holders Change %
-12.76%
% of All Funds
15.67%
Holding in Top 10
30
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-16.67%
% of All Funds
0.66%
New
90
Increased
227
Reduced
269
Closed
187
Calls
$75.6M
Puts
$17M
Net Calls
+$58.7M
Net Calls Change
+$55.5M
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
51
Royal Bank of Canada
Ontario, Canada
$106M +$16.6M +81,068 +14%
WRF
52
Waddell & Reed Financial
Kansas
$103M +$43.7M +213,615 +52%
Invesco
53
Invesco
Georgia
$100M -$84.5M -412,952 -40%
Deutsche Bank
54
Deutsche Bank
Germany
$92M -$11.6M -56,785 -9%
Wells Fargo
55
Wells Fargo
California
$91.3M -$73.5M -358,852 -39%
Swedbank
56
Swedbank
Sweden
$90M -$13.5M -66,173 -11%
Morgan Stanley
57
Morgan Stanley
New York
$88.5M -$23.1M -112,673 -17%
FPP
58
Findlay Park Partners
United Kingdom
$87.6M -$1.7M -8,316 -2%
CS
59
Credit Suisse
Switzerland
$87.4M -$4.5M -21,988 -4%
CBT
60
Capital Bank & Trust
California
$83.3M +$12.6M +61,532 +14%
NC
61
Nicholas Company
Wisconsin
$78.7M -$1.58M -7,710 -2%
Barrow, Hanley, Mewhinney & Strauss
62
Barrow, Hanley, Mewhinney & Strauss
Texas
$78.1M +$96.9M +473,321 New
RhumbLine Advisers
63
RhumbLine Advisers
Massachusetts
$75.3M +$2.42M +11,835 +3%
CII
64
Capital International Inc
California
$73.2M +$6.19M +30,239 +7%
Man Group
65
Man Group
United Kingdom
$70.2M -$2.4M -11,712 -3%
VOYA Investment Management
66
VOYA Investment Management
Georgia
$67.9M +$63.8M +311,792 +312%
Aviva
67
Aviva
United Kingdom
$67M +$5.46M +26,654 +7%
California State Teachers Retirement System (CalSTRS)
68
California State Teachers Retirement System (CalSTRS)
California
$64M -$9.71M -47,425 -11%
DCP
69
DSM Capital Partners
Florida
$62.9M +$78.1M +381,267 New
Canada Life
70
Canada Life
Manitoba, Canada
$61.8M +$405K +1,978 +0.5%
SSM
71
Sound Shore Management
Connecticut
$61M -$9.06M -44,264 -11%
BNP Paribas Asset Management
72
BNP Paribas Asset Management
France
$60M +$7.22M +35,252 +11%
SEI Investments
73
SEI Investments
Pennsylvania
$58.1M +$7.05M +34,432 +11%
Kovitz Investment Group Partners
74
Kovitz Investment Group Partners
Illinois
$57.8M +$28.9K +141 +0%
Barclays
75
Barclays
United Kingdom
$56.7M +$4.75M +23,207 +7%

AON Hedge Fund Activity: Q1 2020 in Review

711 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Aon (AON) for Q1 2020, worth a combined $32.5B — down 22% from $41.6B a quarter earlier.

Sellers outnumbered buyers: 187 funds closed out of AON and 90 opened new positions — a net loss of 97 holders — while 269 trimmed existing stakes and 227 added.

The largest buyer was Capital International Investors, adding an estimated $440M. The largest seller was Artisan Partners, exiting entirely with an estimated $859M sold.

  • 711 institutional investors held Aon (AON) as of Q1 2020, down from 815 in Q4 2019.
  • Funds reported $32.5B of Aon stock for Q1 2020, down 22% quarter-over-quarter.
  • 90 funds opened new Aon positions in Q1 2020 and 187 closed out, a net change of -97 holders.
  • The largest Aon buyer in Q1 2020 was Capital International Investors, an estimated $440M added.
  • The largest Aon seller in Q1 2020 was Artisan Partners, an estimated $859M sold.

Based on aggregated 13F filings for Q1 2020.