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Willis Towers Watson
WTW

720 hedge funds and large institutions have $28.5B invested in Willis Towers Watson in 2025 Q2 according to their latest regulatory filings, with 77 funds opening new positions, 246 increasing their positions, 275 reducing their positions, and 106 closing their positions.

New
Increased
Maintained
Reduced
Closed

363% more call options, than puts

Call options by funds: $117M | Put options by funds: $25.3M

1.34% more ownership

Funds ownership: 93.71% → 95.05% (+1.3%)

5% less funds holding

Funds holding: 757 → 720 (-37)

10% less capital invested

Capital invested by funds: $31.6B → $28.5B (-$3.04B)

11% less repeat investments, than reductions

Existing positions increased: 246 | Existing positions reduced: 275

21% less funds holding in top 10

Funds holding in top 10: 19 → 15 (-4)

27% less first-time investments, than exits

New positions opened: 77 | Existing positions closed: 106

Holders
720
Holders Change
-37
Holders Change %
-4.89%
% of All Funds
9.48%
Holding in Top 10
15
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-21.05%
% of All Funds
0.2%
New
77
Increased
246
Reduced
275
Closed
106
Calls
$117M
Puts
$25.3M
Net Calls
+$91.7M
Net Calls Change
+$20.4M

Top Buyers

Rank Fund Capital Flow
1
Dodge & Cox
Dodge & Cox
California
+$396M
2
SC
Soundwatch Capital
Connecticut
+$276M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$259M
4
AllianceBernstein
AllianceBernstein
Tennessee
+$143M
5
Parnassus Investments
Parnassus Investments
California
+$106M

Top Sellers

Rank Fund Capital Flow
1
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$304M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$131M
3
Citadel Advisors
Citadel Advisors
Florida
-$89.9M
4
Janus Henderson Group
Janus Henderson Group
United Kingdom
-$76.8M
5
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$73M
Name Holding Trade Value Shares
Change 		Change in
Stake
IMRF
751
Illinois Municipal Retirement Fund
Illinois
– -$2.33M -6,902 Closed
WLG
752
Williamson Legacy Group
Indiana
– -$2.03M -6,005 Closed
SSIM
753
Sheets Smith Investment Management
Texas
– -$1.42M -4,188 Closed
BPAMU
754
BTG Pactual Asset Management US
New York
– -$1.36M -4,010 Closed
AI
755
Atom Investors
Texas
– -$1.34M -3,963 Closed
IFU
756
iSAM Funds (UK)
United Kingdom
– -$1.31M -3,867 Closed
VF
757
Virtu Financial
New York
– -$1.29M -3,821 Closed
AC
758
Allstate Corporation
Illinois
– -$1.2M -3,561 Closed
MC
759
Machina Capital
France
– -$1.16M -3,436 Closed
UFF
760
USA Financial Formulas
Michigan
– -$1.14M -3,373 Closed
Boston Partners
761
Boston Partners
Massachusetts
– -$1.01M -2,989 Closed
DT
762
Diversified Trust
Tennessee
– -$1.01M -2,980 Closed
SRL
763
Scientech Research LLC
New Jersey
– -$951K -2,814 Closed
CCS
764
Concentric Capital Strategies
Connecticut
– -$946K -2,800 Closed
GAM
765
Groupama Asset Management
France
– -$843K -2,500 Closed
AIM
766
Aigen Investment Management
New York
– -$805K -2,381 Closed
GS
767
GTS Securities
New York
– -$798K -2,362 Closed
GC
768
Guggenheim Capital
Illinois
– -$761K -2,251 Closed
USAA
769
United Services Automobile Association
Texas
– -$721K -2,137 Closed
FC
770
Farringdon Capital
United Kingdom
– -$680K -2,012 Closed
CJ
771
Caitlin John
Michigan
– -$668K -1,977 Closed
VIM
772
Vinva Investment Management
Australia
– -$608K -1,802 Closed
WCM
773
Washington Capital Management
Washington
– -$608K -1,800 Closed
SSWM
774
Sheets Smith Wealth Management
North Carolina
– -$605K -1,790 Closed
DTL
775
Dynamic Technology Lab
Singapore
– -$583K -1,725 Closed
29 30
31
32 33

WTW Hedge Fund Activity: Q2 2025 in Review

720 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Willis Towers Watson (WTW) for Q2 2025, worth a combined $28.5B — down 9.6% from $31.6B a quarter earlier.

Sellers outnumbered buyers: 106 funds closed out of WTW and 77 opened new positions — a net loss of 29 holders — while 275 trimmed existing stakes and 246 added.

The largest buyer was Dodge & Cox, opening a new position worth an estimated $396M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $304M.

  • 720 institutional investors held Willis Towers Watson (WTW) as of Q2 2025, down from 757 in Q1 2025.
  • Funds reported $28.5B of Willis Towers Watson stock for Q2 2025, down 9.6% quarter-over-quarter.
  • 77 funds opened new Willis Towers Watson positions in Q2 2025 and 106 closed out, a net change of -29 holders.
  • The largest Willis Towers Watson buyer in Q2 2025 was Dodge & Cox, an estimated $396M added.
  • The largest Willis Towers Watson seller in Q2 2025 was T. Rowe Price Investment Management, an estimated $304M sold.

Based on aggregated 13F filings for Q2 2025.