Nicolai Tangen's AKO Capital sold its entire Marsh & McLennan Companies, Inc (MRSH) position in 2026 Q2, according to the 13F-HR filed with the SEC on August 12, 2026. The prior filing listed 262K shares worth about $45.4M, 0.89% of the portfolio; the 2026 Q2 filing lists none. MRSH had been in the portfolio for 3 years, since the quarter ended June 30, 2023.
What did the 2026 Q2 filing report for MRSH?
As of June 30, 2026, from the 13F-HR filed August 12, 2026.
| Before | After | |
|---|---|---|
| Shares | 262K | 0 |
| Reported value | $45.4M | $0 |
| Portfolio weight | 0.89% | 0% |
| Held since | 2023 Q2 | sold out in 2026 Q2 |
| Quarters held | 12 |
What did Nicolai Tangen sell?
Nicolai Tangen sold 262K shares of MRSH between the quarter ended March 31, 2026 and June 30, 2026. The MRSH exit was the 14th largest of the quarter's 27 position changes by percent change to portfolio.
Where does MRSH sit in the Nicolai Tangen portfolio?
Before the sale, MRSH carried 0.89% of the Nicolai Tangen portfolio, below the fund's average stock position of 5%. The largest stock position is ALC at 15.19%. Next come SUNB at 10.59% and V at 7.87%. The three largest stocks together are 33.65% of the book. Across the 2026 Q2 portfolio, Nicolai Tangen reported 22 stock positions, with none opened and 5 closed. The total portfolio value is about $4.3B, down 16% from the prior quarter.
How long has Nicolai Tangen held MRSH?
Nicolai Tangen held MRSH for 3 years, from the quarter ended June 30, 2023 to March 31, 2026. The weight peaked at 6.72% in 2025 Q1. Last quarter the fund had already cut the position by 82%, so the exit finishes a two-quarter unwind. Every reported trade is on the Nicolai Tangen MRSH trade history page.
Did other funds buy or sell MRSH in 2026 Q2?
Among the other tracked funds that had filed for 2026 Q2 as of August 12, 2026, 3 still hold MRSH. One other tracked fund sold out of it this quarter as well. The largest buyers of MRSH this quarter were Bill Nygren and Torray Fund. The largest sellers were Eric H. Schoenstein and Donald Yacktman. Every tracked holder of MRSH is on the MRSH ownership page.
FAQ
How many MRSH shares did Nicolai Tangen sell?
Nicolai Tangen sold all 262K shares of MRSH it reported a quarter earlier, worth about $45.4M.
When did Nicolai Tangen first buy MRSH?
Nicolai Tangen first reported MRSH in the quarter ended June 30, 2023.
How much of the Nicolai Tangen portfolio was MRSH?
MRSH was 0.89% of the Nicolai Tangen portfolio at the prior quarter-end, and 0% after the sale.
Did other funds sell MRSH in 2026 Q2?
One other tracked fund sold out of MRSH in 2026 Q2 and 1 trimmed it; 3 still hold it.