Dodge & Cox reports 8.5% stake in Willis Towers Watson (WTW) Ordinary Shares

Rhea-AI Filing Summary

Dodge & Cox filed an updated ownership report for Willis Towers Watson Public Limited Company, disclosing beneficial ownership of 8,025,392 Ordinary Shares of the company’s stock. This represents 8.5% of the outstanding class of Ordinary Shares as of the reporting date.

Dodge & Cox reports sole voting power over 7,700,042 shares and sole dispositive power over 8,025,392 shares, with no shared voting or dispositive power. The filing explains that Dodge & Cox’s clients, including registered investment companies and other managed accounts, have the right to receive or direct the receipt of dividends and sale proceeds from these Willis Towers Watson shares.

Key Figures

Shares beneficially owned: 8,025,392 shares Percent of class: 8.5 % Sole voting power: 7,700,042 shares +3 more

6 metrics

Shares beneficially owned 8,025,392 shares Amount beneficially owned by Dodge & Cox in Willis Towers Watson Ordinary Shares

Percent of class 8.5 % Percentage of Willis Towers Watson Ordinary Shares class beneficially owned

Sole voting power 7,700,042 shares Shares for which Dodge & Cox has sole power to vote or direct the vote

Shared voting power 0 shares Shares for which Dodge & Cox has shared power to vote

Sole dispositive power 8,025,392 shares Shares for which Dodge & Cox has sole power to dispose or direct disposition

Shared dispositive power 0 shares Shares for which Dodge & Cox has shared power to dispose

Key Terms

beneficially owned, Sole Voting Power, Sole Dispositive Power, Percent of class, +1 more

5 terms

beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 8,025,392"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Voting Power financial

"5 | Sole Voting Power 7,700,042.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Sole Dispositive Power financial

"7 | Sole Dispositive Power 8,025,392.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Percent of class financial

"Item 4. | Ownership (b) | Percent of class: 8.5 %"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

Investment Company Act of 1940 regulatory

"investment company registered under the Investment Company Act of 1940"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

FAQ

What stake in WTW does Dodge & Cox report in this Schedule 13G/A?

Dodge & Cox reports beneficial ownership of 8,025,392 Ordinary Shares of Willis Towers Watson (WTW), representing 8.5% of the outstanding class. This makes Dodge & Cox a significant institutional holder under U.S. reporting rules for large shareowners.

How much voting power over WTW shares does Dodge & Cox report?

Dodge & Cox reports sole voting power over 7,700,042 shares of Willis Towers Watson (WTW) and no shared voting power. This indicates Dodge & Cox alone can vote or direct the vote for those reported shares.

How many WTW shares can Dodge & Cox dispose of under this filing?

Dodge & Cox reports sole dispositive power over 8,025,392 shares of Willis Towers Watson (WTW) and no shared dispositive power. Dispositive power refers to the authority to sell or otherwise direct the disposition of the shares.

Who ultimately benefits from the WTW holdings managed by Dodge & Cox?

The filing states that clients of Dodge & Cox, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or direct the receipt of dividends and sale proceeds from the Willis Towers Watson shares.

What security class and identifier are reported for WTW in this filing?

The reported security is Ordinary Shares of Willis Towers Watson (WTW) with CUSIP G96629103. The filing identifies Willis Towers Watson Public Limited Company as the issuer of these Ordinary Shares.

What is the citizenship and location of Dodge & Cox in the WTW 13G/A?

Dodge & Cox is described as having citizenship in California, USA, with its principal business office at 555 California Street, 40th Floor, San Francisco, CA 94104. It files as an institutional investment manager for its WTW holdings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/13/2026 - 04:49 PM Accepted by SEC EDGAR 08/13/2026 - 04:48 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

WILLIS TOWERS WATSON PUBLIC LIMITED COMPANY

(Name of Issuer)

Ordinary Shares

(Title of Class of Securities)

G96629103

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G96629103

1

Names of Reporting Persons

Dodge & Cox

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 7,700,042.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 8,025,392.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,025,392.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: WILLIS TOWERS WATSON PUBLIC LIMITED COMPANY
(b)	Address of issuer's principal executive offices: 51 Lime Street, London EC3M 7DQ, England
Item 2.
(a)	Name of person filing: Dodge & Cox
(b)	Address or principal business office or, if none, residence: 555 California Street 40th Floor, San Francisco, CA 94104
(c)	Citizenship: California, USA
(d)	Title of class of securities: Ordinary Shares
(e)	CUSIP No.: G96629103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 8,025,392
(b)	Percent of class: 8.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 7,700,042
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 8,025,392
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The clients of Dodge & Cox, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or power to direct the receipt of dividends from, and the proceeds from the sale of, WILLIS TOWERS WATSON PUBLIC LIMITED COMPANY.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dodge & Cox

Signature:	/S/ Katherine M. Primas
Name/Title:	Chief Compliance Officer
Date:	08/13/2026