Artisan Partners Amends Willis Towers Watson Stake to 5.4%

TL;DR

**Artisan Partners still owns 5.4% of Willis Towers Watson, a slight update to their passive stake.**

AI Summary

Artisan Partners Limited Partnership, an investment adviser, has filed an amended Schedule 13G/A for its holdings in Willis Towers Watson PLC. As of December 31, 2023, Artisan Partners reported beneficial ownership of 10,747,595 Ordinary Shares, representing 5.4% of the company's outstanding shares. This is an update to their previous filing, indicating a slight adjustment in their passive investment stake. This matters to investors as Artisan Partners is a significant institutional holder, and changes in their reported ownership can signal shifts in their investment conviction or strategy regarding Willis Towers Watson PLC.

Why It Matters

This filing shows that a major institutional investor, Artisan Partners, continues to hold a significant stake in Willis Towers Watson PLC, signaling their ongoing confidence in the company as a passive investor.

Risk Assessment

Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate significant risk or change in company control.

Analyst Insight

Investors should note that a major institutional investor maintains a substantial, passive position in Willis Towers Watson PLC, which could be seen as a vote of confidence, but this filing alone doesn't suggest any immediate catalyst for price movement.

Key Numbers

• 10,747,595 — Ordinary Shares (Total shares beneficially owned by Artisan Partners Limited Partnership as of December 31, 2023.)
• 5.4% — Percentage of Class (The percentage of Willis Towers Watson PLC's Ordinary Shares beneficially owned by Artisan Partners Limited Partnership.)

Key Players & Entities

• Artisan Partners Limited Partnership (company) — filing entity, investment adviser
• Willis Towers Watson PLC (company) — subject company, issuer of securities
• 10,747,595 (dollar_amount) — number of Ordinary Shares beneficially owned
• 5.4% (dollar_amount) — percentage of class beneficially owned
• December 31, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Artisan Partners will maintain a significant, passive stake in Willis Towers Watson PLC. (Artisan Partners Limited Partnership) — high confidence, target: Next 12 months

FAQ

Filing Documents

• d758806dsc13ga.htm (SC 13G/A) — 77KB
• d758806dex991.htm (EX-99.1) — 4KB
• g758806g0206020644358.jpg (GRAPHIC) — 3KB
• g758806g0206020644513.jpg (GRAPHIC) — 4KB
• 0001193125-24-030908.txt ( ) — 94KB

From the Filing

SC 13G/A 1 d758806dsc13ga.htm SC 13G/A SC 13G/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (Rule 13d-102) Information to be Included in Statements Filed Pursuant to Rule 13d-1(b), (c) and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2. Under the Securities Exchange Act of 1934 (Amendment No. 1)* Willis Towers Watson PLC (Name of Issuer) Ordinary Shares (Title of Class of Securities) G96629103 (CUSIP Number) 12/31/2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. G96629103 13G 1 NAME OF REPORTING PERSON Artisan Partners Limited Partnership 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see Instructions) (a)(b) Not Applicable 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER None 6 SHARED VOTING POWER 4,406,616 7 SOLE DISPOSITIVE POWER None 8 SHARED DISPOSITIVE POWER 4,521,760 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,521,760 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see Instructions) Not Applicable 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.4% 12 TYPE OF REPORTING PERSON (see Instructions) IA CUSIP No. G96629103 13G 1 NAME OF REPORTING PERSON Artisan Investments GP LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see Instructions) (a)(b) Not Applicable 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER None 6 SHARED VOTING POWER 4,406,616 7 SOLE DISPOSITIVE POWER None 8 SHARED DISPOSITIVE POWER 4,521,760 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,521,760 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see Instructions) Not Applicable 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.4% 12 TYPE OF REPORTING PERSON (see Instructions) HC CUSIP No. G96629103 13G 1 NAME OF REPORTING PERSON Artisan Partners Holdings LP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see Instructions) (a)(b) Not Applicable 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER None 6 SHARED VOTING POWER 4,406,616 7 SOLE DISPOSITIVE POWER None 8 SHARED DISPOSITIVE POWER 4,521,760 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,521,760 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see Instructions) Not Applicable 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.4% 12 TYPE OF REPORTING PERSON (see Instructions) HC CUSIP No. G96629103 13G 1 NAME OF REPORTING PERSON Artisan Partners Asset Management Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see Instructions) (a)(b) Not Applicable 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER None 6 SHARED VOTING POWER 4,406,616 7 SOLE DISPOSITIVE POWER None 8 SHARED DISPOSITIVE POWER 4,521,760 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,521,760 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see Instructions) Not Applicable 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.4% 12 TYPE OF REPORTING PERSON (see Instructions) HC Item1(a) Name of Issuer: Willis Towers Watson PLC Item1(b) Address of Issuers Principal Executive Offices: 51 Lime Street, London EC3M 7DQ, England Item2(a) Name of Person Filing: Artisan Partners Limited Partnership (APLP) Artisan Investments GP LLC (Artisan Investments) Artisan Partners Holdings LP (Artisan Holdings) Artisan Partners Asset Management Inc. (APAM) Item2(b) Address of Principal Business Office: APLP, Artisan Investments, Artisan Holdings, and APAM are all located at: 875 East Wisconsin Avenue, Suite 800 Milwaukee, WI 53202 Item2(c) Citizenship: APLP is