GALLAGHER ARTHUR J & CO

Ticker: AJG CUSIP: 363576109 Class: COM

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (75)

CINCINNATI INDEMNITY CO
Value ($000) $1,781 Shares 6,882
BARLOW WEALTH PARTNERS, INC.
Value ($000) $23,437 Shares 88,580
NZS Capital, LLC
Value ($000) $59,445 Shares 229,704
CSU Producer Resources, Inc.
Value ($000) $499 Shares 1,927
GuoLine Advisory Pte Ltd
Value ($000) $13,561 Shares 52,400
Prana Capital Management, LP
Value ($000) $30,851 Shares 119,211
VIKING GLOBAL INVESTORS LP
Value ($000) $269,394 Shares 1,040,977
ELWOOD CAPITAL PARTNERS LP
Value ($000) $1,294 Shares 5,000
Woodline Partners LP
Value ($000) $138,608 Shares 535,602
V2 Financial group LLC
Value ($000) $1,264 Shares 4,886
Lighthouse Investment Partners, LLC
Value ($000) $15,240 Shares 58,888
Cincinnati Specialty Underwriters Insurance CO
Value ($000) $2,181 Shares 8,428
Farringdon Capital, Ltd.
Value ($000) $1,624 Shares 6,275
TWO SIGMA SECURITIES, LLC
Value ($000) $1,567 Shares 6,054
Mizuho Markets Cayman LP
Value ($000) $3,407 Shares 13,165
Dodge & Cox
Value ($000) $227,887 Shares 880,585
MQS Management LLC
Value ($000) $388 Shares 1,498
SEIZERT CAPITAL PARTNERS, LLC
Value ($000) $3,571 Shares 13,800
Polymer Capital Management (US) LLC
Value ($000) $1,373 Shares 5,307
Aigen Investment Management, LP
Value ($000) $759 Shares 2,933

Increased Positions (326)

Stonehage Fleming Financial Services Holdings Ltd
Value ($000) $173,416 (+21.0%) Shares 670,103 (+44.9%)
Ayrshire Capital Management LLC
Value ($000) $6,320 (+39.6%) Shares 24,421 (+67.1%)
Bowie Capital Management, LLC
Value ($000) $59,368 (+80.5%) Shares 229,407 (+116.0%)
PhiloSmith Capital Corp
Value ($000) $22,702 (-5.7%) Shares 87,725 (+12.9%)
BECK MACK & OLIVER LLC
Value ($000) $227,492 (+0.1%) Shares 879,059 (+19.7%)
Sandhill Capital Partners LLC
Value ($000) $36,983 (+10.3%) Shares 142,909 (+32.0%)
LAWSON KROEKER INVESTMENT MANAGEMENT INC/NE
Value ($000) $16,648 (-14.9%) Shares 64,329 (+1.8%)
Ceredex Value Advisors LLC
Value ($000) $42,265 (+82.2%) Shares 163,317 (+118.0%)
SMITHBRIDGE ASSET MANAGEMENT INC/DE
Value ($000) $16,846 (+69.2%) Shares 65,094 (+102.5%)
PROFESSIONAL ADVISORY SERVICES INC
Value ($000) $20 (-6.2%) Shares 78,448 (+12.2%)
BXM Wealth LLC
Value ($000) $125 (-52.5%) Shares 28,950 (+3301.9%)
Rench Wealth Management, Inc.
Value ($000) $13,242 (-15.2%) Shares 51,168 (+1.5%)
Taikang Asset Management (Hong Kong) Co Ltd
Value ($000) $15,452 (+13.1%) Shares 59,708 (+35.4%)
NIXON PEABODY TRUST CO
Value ($000) $8,839 (+1555.3%) Shares 34,155 (+1881.1%)
Van Hulzen Asset Management, LLC
Value ($000) $24,707 (-9.8%) Shares 95,470 (+7.9%)
Unisphere Establishment
Value ($000) $166,790 (+0.2%) Shares 644,500 (+19.9%)
Welch Group, LLC
Value ($000) $59,321 (-15.4%) Shares 229,225 (+1.2%)
KG&L Capital Management,LLC
Value ($000) $6,826 (-12.3%) Shares 26,376 (+4.9%)
Fisher Funds Management LTD
Value ($000) $35,976 (+26.1%) Shares 137,840 (+49.7%)
Distillate Capital Partners LLC
Value ($000) $19,731 (+16.6%) Shares 76,243 (+39.6%)

Decreased Positions (508)

11 Capital Partners LP
Value ($000) $13,901 (-33.1%) Shares 53,714 (-19.9%)
Global Retirement Partners, LLC
Value ($000) $115,265 (-26.0%) Shares 445,401 (-11.5%)
Robbins Farley
Value ($000) $7 (-99.8%) Shares 27 (-99.8%)
Virtue Capital Management, LLC
Value ($000) $841 (-89.2%) Shares 3,286 (-97.5%)
Cumberland Partners Ltd
Value ($000) $4,923 (-80.8%) Shares 19,022 (-77.0%)
Alley Investment Management Company, LLC
Value ($000) $10,544 (-45.6%) Shares 40,745 (-34.9%)
PROSPECTOR PARTNERS LLC
Value ($000) $807 (-94.2%) Shares 3,120 (-93.1%)
Terra Nova Asset Management LLC
Value ($000) $556 (-77.5%) Shares 2,149 (-73.0%)
Guinness Asset Management LTD
Value ($000) $211,460 (-16.8%) Shares 805,533 (-3.1%)
Findlay Park Partners LLP
Value ($000) $265,395 (-19.9%) Shares 1,025,521 (-4.1%)
CHILTON CAPITAL MANAGEMENT LLC
Value ($000) $56 (-99.8%) Shares 217 (-99.8%)
SANDS CAPITAL MANAGEMENT, LLC
Value ($000) $63,211 (-81.3%) Shares 244,255 (-77.7%)
CONGRESS ASSET MANAGEMENT CO /MA
Value ($000) $1,652 (-98.7%) Shares 6,385 (-98.4%)
United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund
Value ($000) $30,275 (-33.1%) Shares 116,985 (-19.9%)
MOUNTAIN PACIFIC INVESTMENT ADVISERS INC/ID
Value ($000) $19,081 (-17.8%) Shares 73,731 (-1.6%)
Kovitz Investment Group Partners, LLC
Value ($000) $1,126 (-99.2%) Shares 4,352 (-99.0%)
EVENTIDE ASSET MANAGEMENT, LLC
Value ($000) $36,244 (-46.0%) Shares 139,874 (-35.5%)
CAMPBELL NEWMAN ASSET MANAGEMENT INC
Value ($000) $31,425 (-17.8%) Shares 121,432 (-1.6%)
DUNCKER STREETT & CO INC
Value ($000) $3,221 (-49.1%) Shares 12,448 (-39.1%)
BROWN BROTHERS HARRIMAN & CO
Value ($000) $265,310 (-19.9%) Shares 1,025,195 (-4.2%)

Exited Positions (173)

Visualize Group LP
Value ($000) $32,924 Shares 106,294
NEW VERNON INVESTMENT MANAGEMENT LLC
Value ($000) $3,761 Shares 12,141
Telligent Fund, LP
Value ($000) $3,097 Shares 10,000
Longbow Finance SA
Value ($000) $16,131 Shares 52,079
Cox Capital Mgt LLC
Value ($000) $2,266 Shares 7,316
Oribel Capital Management, LP
Value ($000) $39,864 Shares 128,700
WESPAC Advisors SoCal, LLC
Value ($000) $3,563 Shares 11,504
MOORE CAPITAL MANAGEMENT, LP
Value ($000) $44,969 Shares 145,184
Harvest Investment Services, LLC
Value ($000) $3,095 Shares 9,992
nVerses Capital, LLC
Value ($000) $985 Shares 3,500
SCRATCH CAPITAL LLC
Value ($000) $775 Shares 2,501
Catalina Capital Group, LLC
Value ($000) $754 Shares 2,435
KW WEALTH MANAGEMENT LLC
Value ($000) $257 Shares 829
HOHIMER WEALTH MANAGEMENT, LLC
Value ($000) $2,470 Shares 7,976
CONTRAVISORY INVESTMENT MANAGEMENT, INC.
Value ($000) $1,680 Shares 5,424
Prudent Man Advisors, LLC
Value ($000) $881 Shares 2,845
Quantum Portfolio Management LLC
Value ($000) $972 Shares 3,139
INVESTED ADVISORS
Value ($000) $268 Shares 938
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC
Value ($000) $7,220 Shares 23,311
Aster Capital Management (DIFC) Ltd
Value ($000) $648 Shares 2,093