CADINHA & CO LLC, that paragon of financial acumen, has quietly trimmed its stake in Marsh & McLennan Companies (MMC +0.59%), offloading shares valued at $16.41 million in Q3 2025. A masterstroke of portfolio pruning, or perhaps a calculated retreat from the labyrinth of global risk?
What happened
The SEC filing of October 16, 2025, reveals CADINHA & CO LLC’s sale of 79,802 shares of MMC, a transaction worth $16.41 million at the quarter’s average price. The fund now holds a mere 2,925 shares, a fraction of its former holdings. A strategic pivot, or a sign of waning confidence in the alchemy of insurance and consulting?
What else to know
The sale diluted MMC’s presence in the portfolio to 0.08% of 13F AUM, relegating it to the periphery of the fund’s priorities. The top holdings, a glittering array of blue-chip titans, include BRK-B, IAU, and the ever-reliable MSFT-proof that even in uncertainty, some investments remain steadfast.
- BRK-B: $38.86 million (5.28% of AUM) as of September 30, 2025
- IAU: $38.47 million (5.2% of AUM) as of September 30, 2025
- COST: $35.68 million (4.8% of AUM) as of September 30, 2025
- MSFT: $35.17 million (4.8% of AUM) as of September 30, 2025
- GOOGL: $34.87 million (4.7% of AUM) as of September 30, 2025
As of October 16, 2025, MMC’s shares trade at $186.48, a 18.18% plunge over the past year. A cautionary tale for those who mistook volatility for value, yet the S&P 500’s 30.19 percentage point outperformance adds insult to injury.
Company Overview
| Metric | Value |
|---|---|
| Revenue (TTM) | $26.45 billion |
| Net Income (TTM) | $4.13 billion |
| Dividend Yield | 1.82% |
| Price (as of market close 2025-10-16) | $186.48 |
Company Snapshot
Marcus & McLennan, that venerable architect of risk, operates as a Swiss Army knife of professional services. From insurance broking to consulting, it wields a panoply of tools to navigate the tempests of global markets. Its dividend yield, a modest 1.82%, may not ignite the imagination, but in a world of fleeting trends, consistency is a virtue.
The company’s revenue flows from service fees, insurance commissions, and consulting engagements-each a thread in the tapestry of its diversified empire. Its clients, a mosaic of corporations, governments, and institutions, rely on its expertise to weather storms both literal and fiscal.
Foolish take
CADINHA & CO’s exit from MMC echoes the age-old dance of investors: buy when the music plays, sell when the tempo changes. Yet Marsh & McLennan, that old hand at uncertainty, turns risk into a dividend. In a world where cyber threats and climate shocks loom, its services are less a luxury and more a necessity.
The firm’s strength lies not in selling insurance, but in advising on its intricacies. Through Marsh, Guy Carpenter, Mercer, and Oliver Wyman, it weaves a web of data and strategy that reinforces itself-a self-sustaining loop of expertise and demand.
For the dividend hunter, the lesson is clear: in a world of chaos, companies that transform uncertainty into opportunity are the true stewards of long-term growth. Marsh & McLennan, with its 1.82% yield and global reach, may yet prove a worthy companion in the game of capital.
Glossary
13F reportable AUM: A scorecard of the financial elite, detailing institutional holdings. AUM (Assets Under Management): The lifeblood of fund managers, a measure of their influence. Quarter-end: The financial world’s version of a deadline, where numbers are polished and portfolios are scrutinized. Portfolio weight: The art of allocating wealth, a delicate balance between ambition and prudence. Top holdings: The glittering stars of a portfolio, shining brighter than the rest. Reinsurance broking: The insurance of insurance, a labyrinthine game of risk transfer. Consulting engagements: The alchemy of expertise, where advice is sold like gold. Institutional clients: The titans of finance, wielding power with every transaction. Service fees: The quiet income of professionals, earned through skill and negotiation. TTM: A 12-month window into a company’s soul, revealing its true colors.
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2025-10-28 06:07