MARSH & MCLENNAN COS INC

Ticker: MRSH CUSIP: 571748102 Class: COM

TWO SIGMA ADVISERS, LP's Holding History (CIK: 0001478735)

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

Q4 2025

Shares 1,312,200 Value ($000) $243,439 Avg Close $186.43 Range $173.30 - $207.83

Q3 2025

Shares 1,309,700 Value ($000) $263,944 Avg Close $204.01 Range $193.16 - $217.79

Q2 2025

Shares 430,400 Value ($000) $94,103 Avg Close $223.19 Range $207.03 - $245.83

Q1 2025

Shares 39,121 Value ($000) $9,547 Avg Close $223.35 Range $202.92 - $243.01

Q4 2024

Shares 274,100 Value ($000) $58,222 Avg Close $217.77 Range $205.01 - $231.80

Q3 2024

Shares 12,800 Value ($000) $2,856 Avg Close $216.92 Range $203.69 - $227.83

Q2 2024

Shares 17,400 Value ($000) $3,667 Avg Close $200.17 Range $190.69 - $211.90

Q1 2024

Shares 11,300 Value ($000) $2,328 Avg Close $193.37 Range $182.28 - $203.67

Q4 2023

Shares 18,300 Value ($000) $3,467 Avg Close $186.95 Range $177.61 - $196.74

Q3 2023

Shares 76,500 Value ($000) $14,558 Avg Close $184.60 Range $176.10 - $192.52

Q2 2023

Shares 60,900 Value ($000) $11,454 Avg Close $170.44 Range $158.35 - $182.02

Q1 2023

Shares 72,700 Value ($000) $12,108 Avg Close $159.32 Range $144.98 - $169.70

Q4 2022

Shares 12,900 Value ($000) $2,135 Avg Close $155.95 Range $140.95 - $169.03

Q3 2022

Shares 4,300 Value ($000) $642 Avg Close $152.34 Range $138.65 - $166.00

Q1 2022

Shares 16,100 Value ($000) $2,744 Avg Close $148.65 Range $134.43 - $164.01

Q3 2021

Shares 3,500 Value ($000) $530 Avg Close $141.63 Range $128.41 - $152.48

Q1 2020

Shares 34,500 Value ($000) $2,983 Avg Close $97.35 Range $67.78 - $109.87

Q1 2019

Shares 4,600 Value ($000) $432 Avg Close $79.33 Range $69.39 - $85.50

Q4 2018

Shares 10,200 Value ($000) $813 Avg Close $74.46 Range $66.23 - $80.27

Q1 2018

Shares 19,276 Value ($000) $1,592 Avg Close $72.87 Range $69.13 - $75.89

Q2 2017

Shares 575,910 Value ($000) $44,898 Avg Close $65.59 Range $62.21 - $70.09

Q1 2017

Shares 589,276 Value ($000) $43,542 Avg Close $61.73 Range $57.29 - $65.47

Q4 2016

Shares 200,088 Value ($000) $13,524 Avg Close $57.67 Range $53.49 - $60.18

Q3 2016

Shares 5,420 Value ($000) $364 Avg Close $57.32 Range $55.91 - $58.65

Q3 2015

Shares 15,985 Value ($000) $835 Avg Close $46.73 Range $42.51 - $49.38

Q1 2015

Shares 12,220 Value ($000) $685 Avg Close $46.67 Range $44.22 - $48.27

Q4 2014

Shares 7,920 Value ($000) $453 Avg Close $45.21 Range $40.02 - $48.56

Q2 2014

Shares 3,920 Value ($000) $203 Avg Close $40.50 Range $38.06 - $42.84

Q3 2013

Shares 33,120 Value ($000) $1,443 Avg Close $33.72 Range $31.78 - $35.90

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,312,200	$243,439	$186.43	$173.30 - $207.83
Q3 2025	1,309,700	$263,944	$204.01	$193.16 - $217.79
Q2 2025	430,400	$94,103	$223.19	$207.03 - $245.83
Q1 2025	39,121	$9,547	$223.35	$202.92 - $243.01
Q4 2024	274,100	$58,222	$217.77	$205.01 - $231.80
Q3 2024	12,800	$2,856	$216.92	$203.69 - $227.83
Q2 2024	17,400	$3,667	$200.17	$190.69 - $211.90
Q1 2024	11,300	$2,328	$193.37	$182.28 - $203.67
Q4 2023	18,300	$3,467	$186.95	$177.61 - $196.74
Q3 2023	76,500	$14,558	$184.60	$176.10 - $192.52
Q2 2023	60,900	$11,454	$170.44	$158.35 - $182.02
Q1 2023	72,700	$12,108	$159.32	$144.98 - $169.70
Q4 2022	12,900	$2,135	$155.95	$140.95 - $169.03
Q3 2022	4,300	$642	$152.34	$138.65 - $166.00
Q1 2022	16,100	$2,744	$148.65	$134.43 - $164.01
Q3 2021	3,500	$530	$141.63	$128.41 - $152.48
Q1 2020	34,500	$2,983	$97.35	$67.78 - $109.87
Q1 2019	4,600	$432	$79.33	$69.39 - $85.50
Q4 2018	10,200	$813	$74.46	$66.23 - $80.27
Q1 2018	19,276	$1,592	$72.87	$69.13 - $75.89
Q2 2017	575,910	$44,898	$65.59	$62.21 - $70.09
Q1 2017	589,276	$43,542	$61.73	$57.29 - $65.47
Q4 2016	200,088	$13,524	$57.67	$53.49 - $60.18
Q3 2016	5,420	$364	$57.32	$55.91 - $58.65
Q3 2015	15,985	$835	$46.73	$42.51 - $49.38
Q1 2015	12,220	$685	$46.67	$44.22 - $48.27
Q4 2014	7,920	$453	$45.21	$40.02 - $48.56
Q2 2014	3,920	$203	$40.50	$38.06 - $42.84
Q3 2013	33,120	$1,443	$33.72	$31.78 - $35.90