MARSH & MCLENNAN COS INC

Ticker: MRSH CUSIP: 571748102 Class: COM

Empirical Finance, LLC's Holding History (CIK: 0001572838)

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

Q4 2025

Shares 16,679 Value ($000) $3,094 Avg Close $186.43 Range $173.30 - $207.83

Q3 2025

Shares 17,417 Value ($000) $3,510 Avg Close $204.01 Range $193.16 - $217.79

Q2 2025

Shares 17,245 Value ($000) $3,770 Avg Close $223.19 Range $207.03 - $245.83

Q1 2025

Shares 17,134 Value ($000) $4,181 Avg Close $223.35 Range $202.92 - $243.01

Q4 2024

Shares 16,876 Value ($000) $3,585 Avg Close $217.77 Range $205.01 - $231.80

Q3 2024

Shares 17,102 Value ($000) $3,815 Avg Close $216.92 Range $203.69 - $227.83

Q2 2024

Shares 16,738 Value ($000) $3,527 Avg Close $200.17 Range $190.69 - $211.90

Q1 2024

Shares 17,965 Value ($000) $3,700 Avg Close $193.37 Range $182.28 - $203.67

Q4 2023

Shares 17,365 Value ($000) $3,290 Avg Close $186.95 Range $177.61 - $196.74

Q3 2023

Shares 17,305 Value ($000) $3,293 Avg Close $184.60 Range $176.10 - $192.52

Q2 2023

Shares 15,739 Value ($000) $2,960 Avg Close $170.44 Range $158.35 - $182.02

Q1 2023

Shares 13,977 Value ($000) $2,328 Avg Close $159.32 Range $144.98 - $169.70

Q4 2022

Shares 13,304 Value ($000) $2,202 Avg Close $155.95 Range $140.95 - $169.03

Q3 2022

Shares 12,302 Value ($000) $1,837 Avg Close $152.34 Range $138.65 - $166.00

Q2 2022

Shares 10,296 Value ($000) $1,598 Avg Close $151.71 Range $135.36 - $173.83

Q1 2022

Shares 9,760 Value ($000) $1,663 Avg Close $148.65 Range $134.43 - $164.01

Q4 2021

Shares 8,722 Value ($000) $1,516 Avg Close $156.21 Range $141.53 - $165.13

Q3 2021

Shares 6,402 Value ($000) $969 Avg Close $141.63 Range $128.41 - $152.48

Q2 2021

Shares 5,185 Value ($000) $607 Avg Close $125.21 Range $112.59 - $132.40

Q1 2021

Shares 5,185 Value ($000) $607 Avg Close $107.02 Range $98.83 - $113.89

Q4 2020

Shares 5,185 Value ($000) $607 Avg Close $105.23 Range $94.36 - $110.82

Q3 2020

Shares 4,275 Value ($000) $490 Avg Close $105.63 Range $97.93 - $111.90

Q2 2020

Shares 3,360 Value ($000) $361 Avg Close $93.00 Range $71.99 - $103.18

Q1 2020

Shares 2,939 Value ($000) $254 Avg Close $97.35 Range $67.78 - $109.87

Q4 2019

Shares 1,894 Value ($000) $211 Avg Close $95.06 Range $86.01 - $104.01

Q4 2016

Shares 242 Value ($000) $17 Avg Close $57.67 Range $53.49 - $60.18

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	16,679	$3,094	$186.43	$173.30 - $207.83
Q3 2025	17,417	$3,510	$204.01	$193.16 - $217.79
Q2 2025	17,245	$3,770	$223.19	$207.03 - $245.83
Q1 2025	17,134	$4,181	$223.35	$202.92 - $243.01
Q4 2024	16,876	$3,585	$217.77	$205.01 - $231.80
Q3 2024	17,102	$3,815	$216.92	$203.69 - $227.83
Q2 2024	16,738	$3,527	$200.17	$190.69 - $211.90
Q1 2024	17,965	$3,700	$193.37	$182.28 - $203.67
Q4 2023	17,365	$3,290	$186.95	$177.61 - $196.74
Q3 2023	17,305	$3,293	$184.60	$176.10 - $192.52
Q2 2023	15,739	$2,960	$170.44	$158.35 - $182.02
Q1 2023	13,977	$2,328	$159.32	$144.98 - $169.70
Q4 2022	13,304	$2,202	$155.95	$140.95 - $169.03
Q3 2022	12,302	$1,837	$152.34	$138.65 - $166.00
Q2 2022	10,296	$1,598	$151.71	$135.36 - $173.83
Q1 2022	9,760	$1,663	$148.65	$134.43 - $164.01
Q4 2021	8,722	$1,516	$156.21	$141.53 - $165.13
Q3 2021	6,402	$969	$141.63	$128.41 - $152.48
Q2 2021	5,185	$607	$125.21	$112.59 - $132.40
Q1 2021	5,185	$607	$107.02	$98.83 - $113.89
Q4 2020	5,185	$607	$105.23	$94.36 - $110.82
Q3 2020	4,275	$490	$105.63	$97.93 - $111.90
Q2 2020	3,360	$361	$93.00	$71.99 - $103.18
Q1 2020	2,939	$254	$97.35	$67.78 - $109.87
Q4 2019	1,894	$211	$95.06	$86.01 - $104.01
Q4 2016	242	$17	$57.67	$53.49 - $60.18