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Institutional Ownership · SEC Form 13F

Who owns AON (AON)


Which tracked institutional funds hold AON, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See AON company fundamentals →

Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.

1,253
Institutional holders
187,755,991
Shares held (tracked funds)
69.6%
Of shares outstanding

How the tape is positioned

208 tracked funds added or opened AON while 397 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.

A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.

Conviction spread

AON’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 0.1pp gap the other way — the median holder sizes AON more heavily than its largest holder by dollar value does.

Book-share is each fund’s reported value in AON divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.

Institutional & insider positioning

Between 2025-Q4 and 2026-Q1, across 1252 tracked filers holding AON, 620 increased or opened the position and 578 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.

This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.

New buyers & exits

Funds opening or closing a position in AON between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.

New buyers 63

  • VANGUARD CAPITAL MANAGEMENT LLC$4.4B
  • VANGUARD PORTFOLIO MANAGEMENT LLC$1.5B
  • VANGUARD FIDUCIARY TRUST CO$396M
  • BAUPOST GROUP LLC/MA$248M
  • Meritage Group LP$220M
  • Vanguard Global Advisers, LLC$151M

Full exits 65

  • VANGUARD GROUP INC$7.1B
  • BERKSHIRE HATHAWAY INC$1.3B
  • MOORE CAPITAL MANAGEMENT, LP$49M
  • CIBC WORLD MARKETS CORP$24M
  • Financiere des Professionnels - Fonds d'investissement inc.$22M
  • Caisse de depot et placement du Quebec$18M

Largest adds

  • JPMORGAN CHASE & CO$702M
  • Wealthspire Advisors, LLC$221M
  • PRICE T ROWE ASSOCIATES INC /MD/$209M
  • Mitsubishi UFJ Asset Management Co., Ltd.$188M
  • AQR CAPITAL MANAGEMENT LLC$164M
  • Artisan Partners Limited Partnership$136M

Largest trims

  • BlackRock, Inc.$1.0B
  • EAGLE CAPITAL MANAGEMENT LLC$651M
  • Capital World Investors$619M
  • NORGES BANK$491M
  • FMR LLC$307M
  • STATE STREET CORP$272M

Institutional holders

One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).

FundSharesReported value% of valueQuarter
BlackRock, Inc. trimmed14,649,583$4.7B7.4%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new13,581,756$4.4B6.8%2026-Q1
Capital World Investors trimmed11,477,788$3.7B5.8%2026-Q1
STATE STREET CORP added9,219,773$3.0B4.6%2026-Q1
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed8,358,097$2.8B4.3%2026-Q1
DODGE & COX added8,116,095$2.6B4.1%2026-Q1
MORGAN STANLEY added6,374,945$2.1B3.2%2026-Q1
JPMORGAN CHASE & CO added5,641,431$1.8B2.9%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added5,244,309$1.7B2.6%2026-Q1
VANGUARD PORTFOLIO MANAGEMENT LLC new4,559,035$1.5B2.3%2026-Q1
Bank of New York Mellon Corp trimmed3,321,092$1.1B1.7%2026-Q1
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main added2,948,410$952M1.5%2026-Q1
Independent Franchise Partners LLP added2,588,002$835M1.3%2026-Q1
Mitsubishi UFJ Asset Management Co., Ltd. added2,516,637$812M1.3%2026-Q1
FARALLON CAPITAL MANAGEMENT LLC trimmed2,512,638$811M1.3%2026-Q1
NORTHERN TRUST CORP trimmed2,082,105$672M1.0%2026-Q1
NORGES BANK trimmed1,665,948$665M1.0%2026-Q1
WCM INVESTMENT MANAGEMENT, LLC trimmed1,952,379$633M1.0%2026-Q1
Boston Partners added1,955,032$631M1.0%2026-Q1
NEUBERGER BERMAN GROUP LLC added1,857,834$600M0.9%2026-Q1
Artisan Partners Limited Partnership added1,644,152$531M0.8%2026-Q1
GOLDMAN SACHS GROUP INC added1,583,991$511M0.8%2026-Q1
BANK OF AMERICA CORP /DE/ added1,582,680$511M0.8%2026-Q1
Veritas Asset Management LLP trimmed1,520,277$491M0.8%2026-Q1
Amundi added1,502,890$485M0.8%2026-Q1
DIAMOND HILL CAPITAL MANAGEMENT INC trimmed1,487,887$480M0.8%2026-Q1
Invesco Ltd. added1,448,342$467M0.7%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC added1,355,094$437M0.7%2026-Q1
POLEN CAPITAL MANAGEMENT LLC trimmed1,354,053$437M0.7%2026-Q1
Legal & General Group Plc trimmed1,341,222$433M0.7%2026-Q1
PRICE T ROWE ASSOCIATES INC /MD/ added1,280,926$413M0.6%2026-Q1
Mawer Investment Management Ltd. trimmed1,277,088$412M0.6%2026-Q1
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added1,262,123$407M0.6%2026-Q1
DIMENSIONAL FUND ADVISORS LP added1,253,769$405M0.6%2026-Q1
VANGUARD FIDUCIARY TRUST CO new1,225,563$396M0.6%2026-Q1
LAZARD ASSET MANAGEMENT LLC trimmed1,217,243$393M0.6%2026-Q1
Cantillon Capital Management LLC trimmed1,095,574$354M0.6%2026-Q1
VIKING GLOBAL INVESTORS LP added1,087,114$351M0.5%2026-Q1
AMERIPRISE FINANCIAL INC trimmed1,080,672$349M0.5%2026-Q1
Sustainable Growth Advisers, LP trimmed1,051,805$340M0.5%2026-Q1
Vontobel Holding Ltd. added999,176$323M0.5%2026-Q1
Wealthspire Advisors, LLC added984,075$318M0.5%2026-Q1
AQR CAPITAL MANAGEMENT LLC added979,443$316M0.5%2026-Q1
Longview Partners (Guernsey) LTD trimmed976,263$315M0.5%2026-Q1
UBS Group AG added903,928$292M0.5%2026-Q1
Nuveen, LLC added851,081$275M0.4%2026-Q1
Capital International Investors trimmed807,075$261M0.4%2026-Q1
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added797,418$257M0.4%2026-Q1
BAUPOST GROUP LLC/MA new769,000$248M0.4%2026-Q1
FIL Ltd trimmed745,959$241M0.4%2026-Q1
First Pacific Advisors, LP added703,258$227M0.4%2026-Q1
ROYAL BANK OF CANADA trimmed688,130$222M0.3%2026-Q1
Meritage Group LP trimmed680,169$220M0.3%2026-Q1
ALTRINSIC GLOBAL ADVISORS LLC added660,724$213M0.3%2026-Q1
DEUTSCHE BANK AG\ trimmed644,736$208M0.3%2026-Q1
Focus Partners Wealth added630,805$204M0.3%2026-Q1
COMGEST GLOBAL INVESTORS S.A.S. added628,700$203M0.3%2026-Q1
BARCLAYS PLC added600,554$194M0.3%2026-Q1
Swiss National Bank added599,260$193M0.3%2026-Q1
OMERS ADMINISTRATION Corp567,479$183M0.3%2026-Q1
Fiera Capital Corp added550,287$178M0.3%2026-Q1
MANUFACTURERS LIFE INSURANCE COMPANY, THE added547,850$177M0.3%2026-Q1
FMR LLC trimmed514,593$166M0.3%2026-Q1
USS Investment Management Ltd trimmed502,480$162M0.3%2026-Q1
Southpoint Capital Advisors LP trimmed500,000$161M0.3%2026-Q1
California Public Employees Retirement System trimmed475,942$154M0.2%2026-Q1
National Pension Service added475,543$153M0.2%2026-Q1
Vanguard Global Advisers, LLC new469,130$151M0.2%2026-Q1
EAGLE CAPITAL MANAGEMENT LLC trimmed463,350$150M0.2%2026-Q1
SEI INVESTMENTS CO trimmed451,925$146M0.2%2026-Q1
Sumitomo Mitsui Trust Group, Inc. trimmed447,301$144M0.2%2026-Q1
ENVESTNET ASSET MANAGEMENT INC added423,209$137M0.2%2026-Q1
BLAIR WILLIAM & CO/IL trimmed421,605$136M0.2%2026-Q1
C WorldWide Group Holding A/S trimmed399,312$129M0.2%2026-Q1
Douglass Winthrop Advisors, LLC added394,536$127M0.2%2026-Q1
RHUMBLINE ADVISERS trimmed380,644$123M0.2%2026-Q1
BNP PARIBAS FINANCIAL MARKETS trimmed368,360$119M0.2%2026-Q1
WELLS FARGO & COMPANY/MN added365,706$118M0.2%2026-Q1
VANGUARD ASSET MANAGEMENT, Ltd new361,858$117M0.2%2026-Q1
FRANKLIN RESOURCES INC added361,315$117M0.2%2026-Q1
HSBC HOLDINGS PLC added354,158$114M0.2%2026-Q1
Haverford Trust Co trimmed346,117$112M0.2%2026-Q1
NATIXIS ADVISORS, LLC added341,937$110M0.2%2026-Q1
DAVENPORT & Co LLC added337,041$109M0.2%2026-Q1
Prana Capital Management, LP added323,458$104M0.2%2026-Q1
Bowie Capital Management, LLC trimmed322,167$104M0.2%2026-Q1
Cryder Capital Partners LLP added321,689$104M0.2%2026-Q1
AVIVA PLC trimmed310,335$100M0.2%2026-Q1
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed308,973$100M0.2%2026-Q1
LORD, ABBETT & CO. LLC added298,530$96M0.2%2026-Q1
BNP PARIBAS ASSET MANAGEMENT Holding S.A. added291,337$94M0.1%2026-Q1
BANK OF MONTREAL /CAN/ trimmed288,235$93M0.1%2026-Q1
BRISTOL JOHN W & CO INC /NY/ trimmed283,054$91M0.1%2026-Q1
DekaBank Deutsche Girozentrale275,444$90M0.1%2026-Q1
CapitalatWork S.A. new272,003$88M0.1%2026-Q1
CANADA PENSION PLAN INVESTMENT BOARD added269,059$87M0.1%2026-Q1
VANGUARD GROUP INC added20,170,441$7.1B11.1%2025-Q4 stale
HPS Investment Partners, LLC trimmed4,243,321$1.5B2.4%2025-Q2 stale
BERKSHIRE HATHAWAY INC trimmed3,602,995$1.3B2.0%2025-Q4 stale
TWO SIGMA ADVISERS, LP added724,400$258M0.4%2025-Q2 stale

Ownership over time

Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.

HoldersTotal shares

Reading this table

Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.

About 13F filings

A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.

Learn how to read institutional ownership