Vanguard Amends Marsh & McLennan Stake to 10.0% as of Dec 29

TL;DR

**Vanguard still owns 10.0% of Marsh & McLennan, a solid vote of confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended Schedule 13G/A on February 13, 2024, updating its ownership in Marsh & McLennan Companies, Inc. As of December 29, 2023, Vanguard reported beneficial ownership of 50,000,000 shares of Common Stock, representing 10.0% of the company's outstanding shares. This filing indicates a slight adjustment in Vanguard's passive investment stake, which is important for investors as large institutional holdings can influence stock stability and market perception.

Why It Matters

This filing shows that Vanguard, a significant institutional investor, maintains a substantial 10.0% stake in Marsh & McLennan, signaling continued confidence in the company's long-term prospects. For investors, this large, passive holding can contribute to stock stability and liquidity.

Risk Assessment

Risk Level: low — The filing indicates a passive investment by a large institutional holder, which generally reduces volatility rather than increasing risk.

Analyst Insight

Investors should note Vanguard's continued substantial, passive ownership as a sign of institutional confidence, which can contribute to stock stability. This filing doesn't suggest any immediate action but reinforces the company's appeal to large, long-term investors.

Key Numbers

• 50,000,000 — Shares Beneficially Owned (The total number of Marsh & McLennan shares Vanguard holds, indicating a significant investment.)
• 10.0% — Percentage of Class (The proportion of Marsh & McLennan's common stock owned by Vanguard, showing a substantial institutional stake.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Marsh & McLennan Companies, Inc. (company) — subject company whose securities are being reported
• 50,000,000 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 10.0% (dollar_amount) — percentage of Marsh & McLennan's class of securities owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Vanguard will likely maintain a significant, passive stake in Marsh & McLennan, continuing to be a long-term holder. (The Vanguard Group) — high confidence, target: Next 12-24 months

FAQ

Filing Documents

• tv01406-marshmclennancosinc.htm (SC 13G/A) — 11KB
• 0001104659-24-021417.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Marsh & McLennan Cos Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 1166 Avenue of the Americas New York, NY 10036-2774

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 571748102

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration