Jacob Rothschild Stock Portfolio: 5 Top Stock Picks

4. Marsh & McLennan Companies, Inc. (NYSE:MMC)

Number of Hedge Fund Holders: 53  

Marsh & McLennan Companies, Inc. (NYSE:MMC) operates as a professional services firm. 13F filings show that RIT Capital Partners owned 203,100 shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) at the end of September 2023 worth $38 million, representing 9.68% of the portfolio.

On October 20, investment advisory RBC Capital maintained a Sector Perform rating on Marsh & McLennan Companies, Inc. (NYSE:MMC) stock and raised the price target to $200 from $195, noting the strong earnings of the firm in the third quarter.  

At the end of the second quarter of 2023, 53 hedge funds in the database of Insider Monkey held stakes worth $1.8 billion in Marsh & McLennan Companies, Inc. (NYSE:MMC), compared to 55 in the preceding quarter worth $1.2 billion. 

In its Q2 2023 investor letter, Madison Investments, an asset management firm, highlighted a few stocks and Marsh & McLennan Companies, Inc. (NYSE:MMC) was one of them. Here is what the fund said:

“Overall portfolio activity remained low in the quarter. We purchased Elevance Health and trimmed Marsh & McLennan Companies, Inc. (NYSE:MMC) and Arch Capital. The two trims were for portfolio risk management reasons; we remain delighted with corporate performance at both companies and maintain sizeable investments in each. There were no portfolio eliminations.”