Core Insights - CADINHA & CO LLC reduced its stake in Marsh & McLennan Companies by selling 79,802 shares valued at approximately $16.41 million, reflecting a cautious sentiment among investors in consulting firms as market conditions evolve [2][6] Company Overview - Marsh & McLennan Companies, Inc. is a global leader in professional services, focusing on risk, insurance, and consulting solutions, with a revenue of $26.45 billion and a net income of $4.13 billion [4] - The company has a diversified business model, generating revenue primarily through service fees, commissions from insurance broking, and consulting engagements for corporate and institutional clients [5] Financial Performance - As of October 16, 2025, shares of Marsh & McLennan Companies were priced at $186.48, which represents an 18.18% decline over the past year, underperforming the S&P 500 by 30.19 percentage points [3] Portfolio Impact - The sale of shares reduced Marsh & McLennan's weight in CADINHA & CO's portfolio to 0.08%, moving it outside the fund's top five holdings [2][3] Market Position and Strategy - Marsh & McLennan's consulting services are central to its offerings, with a focus on strategy and risk management rather than direct insurance sales [7] - The company's various divisions, including Marsh brokerage and Guy Carpenter reinsurance, create a self-sustaining loop of data and advisory demand, reinforcing its competitive advantage [8] Long-term Outlook - As global risks such as cyber threats and climate shocks become more prevalent, the demand for Marsh & McLennan's expertise in measuring exposure and negotiating protection is expected to grow, enhancing its value proposition in the market [9]