Factory Mutual Insurance Co.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 5, 2026), Factory Mutual Insurance Co. reported 196 stock positions worth $8.9 billion. Its top holding was Nvidia (NVDA) at 5.7% of the portfolio, followed by Apple (AAPL, 4.9%) and Alphabet Class C (GOOG, 4.8%). Compared with Q4 2025, it opened 12 new positions, sold out of 12, added to 97 and reduced 45. The biggest buy was SS Energy Select Sector (XLE, shares +385%) and the biggest sale iShares Core U.S. Aggregate (AGG, shares −56%).
- Most Recent 13F
- Q2 2026
- Location
- WALTHAM, MA
- CIK
- 0000887818
- Portfolio Value
- $8.9B (Q1 2026)
- SEC Filing
- 0000887818-26-000002 ↗ filed May 5, 2026
Holdings Value
Holdings 196 stocks · $8.9B
| NVDA Nvidia Corp. | 5.70% | 2,902,548 | $506.2M | Reduce -0.7% |
| AAPL Apple Inc. | 4.86% | 1,700,771 | $431.6M | Reduce -1.5% |
| GOOG Alphabet Inc. Class C | 4.84% | 1,499,521 | $430.2M | Add +1.4% |
| MSFT Microsoft Corp. | 4.05% | 972,568 | $360.0M | Reduce -3.6% |
| AMZN Amazon.com Inc. | 3.22% | 1,374,224 | $286.2M | Add +3.3% |
| JCPB JPMorgan Core Plus Bond ETF | 3.10% | 5,846,314 | $275.2M | No change |
| AVGO Broadcom Inc. | 2.61% | 750,095 | $232.2M | Add +3.5% |
| DFCF Dimensional Core Fixed Inc. | 2.16% | 4,538,370 | $191.6M | No change |
| AGG iShares Core U.S. Aggregate | 2.04% | 1,822,924 | $181.0M | Reduce -55.5% |
| XLE SS Energy Select Sector | 1.85% | 2,683,330 | $164.4M | Add +385.1% |
| META Meta Platforms Inc. Class A | 1.84% | 285,591 | $163.4M | Reduce -2.0% |
| DFAX Dimensional World Ex US Core | 1.84% | 4,806,630 | $163.3M | No change |
| JPM JPMorgan Chase & Co. | 1.72% | 519,225 | $152.7M | Add +5.2% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.66% | 3,208,900 | $147.3M | Reduce -16.1% |
| JIRE JPMorgan Int Res Enh Eqty | 1.42% | 1,671,130 | $126.6M | No change |
| XOM Exxon Mobil Corp. | 1.30% | 680,654 | $115.5M | Add +2.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.28% | 237,000 | $113.6M | Add +2.5% |
| TSM Taiwan Semiconductor-SP ADR | 1.25% | 328,475 | $111.0M | Add +3.3% |
| V Visa Inc. Class A | 1.21% | 357,301 | $108.0M | Add +7.3% |
| DFAE Dimensional Emerging Core Eq | 1.18% | 3,086,900 | $104.5M | No change |
| TSLA Tesla Inc. | 1.13% | 269,400 | $100.1M | Add +2.6% |
| HYDB iShares High Yield Systemati | 1.11% | 2,116,815 | $98.5M | No change |
| KLAC KLA Corp. | 1.06% | 64,027 | $94.3M | Add +9.2% |
| VGK Vanguard Ftse Europe ETF | 1.04% | 1,117,555 | $92.1M | Reduce -35.4% |
| CDNS Cadence Design SYS Inc. | 0.91% | 291,771 | $81.1M | Add +32.4% |
| JNJ Johnson & Johnson | 0.88% | 318,210 | $77.8M | Reduce -15.9% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.85% | 57,231 | $75.6M | Reduce -5.7% |
| WMT Walmart Inc. | 0.85% | 608,176 | $75.6M | Reduce -0.6% |
| CVX Chevron Corp. | 0.85% | 363,117 | $75.1M | Add +3.0% |
| LLY Eli Lilly & Co. | 0.84% | 81,150 | $74.6M | Reduce -5.5% |
| IWR iShares Russell Mid-Cap ETF | 0.83% | 758,700 | $73.8M | No change |
| GLD SPDR Gold Shares | 0.82% | 168,500 | $72.5M | Reduce -33.2% |
| XLI SS Industrial Select Sector | 0.81% | 443,223 | $71.7M | Reduce -52.0% |
| UNH Unitedhealth Group Inc. | 0.80% | 263,250 | $71.2M | Add +9.4% |
| PM Philip Morris International | 0.80% | 430,606 | $71.2M | Add +2.9% |
| XLY SS Consumer Disc Select Sect | 0.70% | 568,000 | $61.9M | No change |
| MU Micron Technology Inc. | 0.65% | 170,845 | $57.7M | Add +12.1% |
| PG The Procter & Gamble Co. | 0.65% | 397,537 | $57.4M | Add +2.6% |
| KO The Coca-Cola Co. | 0.62% | 726,400 | $55.2M | Add +2.6% |
| MS Morgan Stanley | 0.61% | 329,050 | $54.2M | No change |
| APH Amphenol Corp. Class A | 0.60% | 420,434 | $53.1M | Add +9.5% |
| UNP Union Pacific Corp. | 0.57% | 209,150 | $50.7M | Reduce -8.3% |
| LIN Linde PLC | 0.57% | 101,500 | $50.3M | Add +3.9% |
| ETN Eaton Corp. PLC | 0.56% | 140,119 | $50.1M | Add +0.6% |
| USHY iShares Broad Usd High Yield | 0.56% | 1,355,000 | $49.9M | No change |
| PFGC Performance Food Group Co. | 0.55% | 571,450 | $49.0M | Add +185.7% |
| AME Ametek Inc. | 0.52% | 217,300 | $46.6M | Add +1.0% |
| HD Home Depot Inc. | 0.51% | 138,400 | $45.5M | Add +2.4% |
| CAT Caterpillar Inc. | 0.51% | 64,100 | $45.4M | Add +0.8% |
| MPWR Monolithic Power Systems Inc. | 0.49% | 39,972 | $43.7M | Add +1.8% |
| RTX RTX Corp. | 0.48% | 221,815 | $42.8M | Add +0.8% |
| MCD McDonald's Corp. | 0.48% | 136,200 | $42.3M | Add +4.0% |
| VZ Verizon Communications Inc. | 0.47% | 840,666 | $42.2M | Add +1.3% |
| DHR Danaher Corp. | 0.46% | 216,800 | $41.1M | Add +2.6% |
| NOW ServiceNow Inc. | 0.46% | 392,800 | $41.1M | Reduce -16.4% |
| ANET Arista Networks Inc. | 0.46% | 334,020 | $41.0M | Add +1.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.46% | 255,200 | $40.8M | Add +1.3% |
| ABBV Abbvie Inc. | 0.46% | 186,650 | $40.6M | Add +0.8% |
| ACN Accenture PLC Class A | 0.45% | 202,500 | $40.2M | Add +1.4% |
| INTU Intuit Inc. | 0.45% | 92,150 | $39.8M | Add +71.0% |
| LHX L3HARRIS Technologies Inc. | 0.45% | 114,900 | $39.7M | Add +2.1% |
| AMT American Tower Corp. | 0.44% | 227,700 | $39.3M | Add +2.6% |
| ALGN Align Technology Inc. | 0.44% | 228,693 | $39.2M | Add +56.0% |
| WELL Welltower Inc. | 0.43% | 191,900 | $37.9M | Reduce -21.9% |
| WFC Wells Fargo & Co. | 0.43% | 476,184 | $37.9M | Reduce -30.9% |
| GE General Electric filed as GE AEROSPACE | 0.43% | 133,267 | $37.8M | Reduce -9.7% |
| CNQ Canadian Natural Resources | 0.42% | 773,003 | $37.7M | Add +3.4% |
| KKR KKR & Co. Inc. | 0.42% | 399,000 | $36.9M | Add +5.8% |
| PLTR Palantir Technologies Inc. Class A | 0.41% | 249,857 | $36.5M | Reduce -9.6% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.41% | 93,550 | $36.5M | New |
| HUBB Hubbell Inc. | 0.40% | 71,600 | $35.1M | Add +0.8% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.39% | 668,847 | $34.4M | Add +24.7% |
| DDOG Datadog Inc. Class A | 0.39% | 290,491 | $34.3M | Add +93.3% |
| VPL Vanguard Ftse Pacific ETF | 0.38% | 350,000 | $34.2M | No change |
| IWM iShares Russell 2000 ETF | 0.38% | 137,580 | $34.1M | No change |
| DXCM Dexcom Inc. | 0.38% | 539,930 | $33.9M | Add +10.2% |
| MRK Merck & Co. Inc. | 0.38% | 281,024 | $33.8M | Add +1.3% |
| TMO Thermo Fisher Scientific Inc. | 0.38% | 68,285 | $33.6M | Reduce -18.8% |
| DE Deere & Co. | 0.37% | 58,900 | $33.2M | Add +4.1% |
| NFLX Netflix Inc. | 0.37% | 342,000 | $32.9M | Add +2.6% |
| AMD Advanced Micro Devices | 0.37% | 161,072 | $32.8M | Reduce -13.8% |
| CTVA Corteva Inc. | 0.36% | 380,158 | $31.8M | Add +1.1% |
| NOC Northrop Grumman Corp. | 0.36% | 46,300 | $31.6M | Add +2.9% |
| ISRG Intuitive Surgical Inc. | 0.35% | 68,100 | $31.4M | Add +53.0% |
| FDX FedEx Corp. | 0.35% | 86,600 | $30.8M | Add +0.9% |
| AXP American Express Co. | 0.34% | 100,500 | $30.4M | Add +4.0% |
| COST Costco Wholesale Corp. | 0.33% | 29,200 | $29.1M | Add +3.9% |
| VLTO Veralto Corp. | 0.31% | 314,366 | $27.8M | Add +15.3% |
| ECL Ecolab Inc. | 0.30% | 101,400 | $27.0M | Add +4.1% |
| XLRE SS Real Estate Select Sector | 0.30% | 659,000 | $26.9M | No change |
| CB Chubb Ltd. | 0.30% | 81,700 | $26.6M | Reduce -29.9% |
| LVS Las Vegas Sands Corp. | 0.30% | 491,400 | $26.5M | Add +15.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.29% | 535,080 | $26.1M | Add +1.5% |
| IDXX Idexx Laboratories Inc. | 0.29% | 45,800 | $25.7M | Add +0.9% |
| ORCL Oracle Corp. | 0.28% | 170,856 | $25.1M | Reduce -10.2% |
| GEV GE Vernova Inc. | 0.28% | 28,665 | $25.0M | Reduce -36.7% |
| MDLZ Mondelez International Inc. Class A | 0.28% | 427,500 | $24.6M | Add +1.3% |
| BKLN Invesco Senior Loan ETF | 0.28% | 1,200,000 | $24.5M | No change |
| GS Goldman Sachs Group Inc. | 0.27% | 28,600 | $24.2M | Add +4.0% |
| SPG Simon Property Group Inc. | 0.27% | 127,592 | $23.8M | Add +0.2% |
Portfolio Sells Q4 2025 → Q1 2026
| AGG iShares Core U.S. Aggregate | Reduce -55.5% | 2.04% | −2.11 |
| XLK SS Technology Select Sector | Sold out | 0.00% | −1.49 |
| IXUS iShares Core Intl Stock ETF | Sold out | 0.00% | −1.41 |
| MSFT Microsoft Corp. | Reduce -3.6% | 4.05% | −0.90 |
| VOO Vanguard S&P 500 ETF | Sold out | 0.00% | −0.72 |
| XLI SS Industrial Select Sector | Reduce -52.0% | 0.81% | −0.65 |
| XLB SS Materials Select Sector | Sold out | 0.00% | −0.61 |
| VGK Vanguard Ftse Europe ETF | Reduce -35.4% | 1.04% | −0.43 |
| UL Unilever PLC-Sponsored ADR | Sold out | 0.00% | −0.30 |
| NOW ServiceNow Inc. | Reduce -16.4% | 0.46% | −0.27 |
| XLP SS Consumer Staples Sel Sect | Reduce -98.3% | 0.01% | −0.26 |
| WFC Wells Fargo & Co. | Reduce -30.9% | 0.43% | −0.22 |
| GLD SPDR Gold Shares | Reduce -33.2% | 0.82% | −0.20 |
| KIE SS SPDR S&P Insurance ETF | Reduce -48.0% | 0.19% | −0.17 |
| ADBE Adobe Inc. | Reduce -97.3% | 0.00% | −0.17 |
| USFD US Foods Holding Corp. | Sold out | 0.00% | −0.16 |
| BKNG Booking Holdings Inc. | Reduce -24.1% | 0.23% | −0.12 |
| TMO Thermo Fisher Scientific Inc. | Reduce -18.8% | 0.38% | −0.12 |
| META Meta Platforms Inc. Class A | Reduce -2.0% | 1.84% | −0.11 |
| LLY Eli Lilly & Co. | Reduce -5.5% | 0.84% | −0.10 |
| CRM Salesforce Inc. | Reduce -91.4% | 0.01% | −0.10 |
| ORCL Oracle Corp. | Reduce -10.2% | 0.28% | −0.09 |
| PLTR Palantir Technologies Inc. Class A | Reduce -9.6% | 0.41% | −0.09 |
| APO Apollo Global Management Inc. | Reduce -12.0% | 0.22% | −0.07 |
| CB Chubb Ltd. | Reduce -29.9% | 0.30% | −0.07 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.06 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −0.05 |
| CVS CVS Health Corp. | Reduce -21.2% | 0.20% | −0.05 |
| NXPI NXP Semiconductors NV | Reduce -15.0% | 0.25% | −0.04 |
| HDB HDFC Bank Ltd.-ADR | Reduce -55.3% | 0.02% | −0.04 |
| AMD Advanced Micro Devices | Reduce -13.8% | 0.37% | −0.04 |
| BN Brookfield Corp. | Reduce -12.3% | 0.22% | −0.04 |
| WELL Welltower Inc. | Reduce -21.9% | 0.43% | −0.04 |
| GE General Electric | Reduce -9.7% | 0.43% | −0.04 |
| UBS UBS Group AG-Reg | Reduce -57.8% | 0.02% | −0.02 |
| DEO Diageo PLC-Sponsored ADR | Sold out | 0.00% | −0.02 |
| GEV GE Vernova Inc. | Reduce -36.7% | 0.28% | −0.02 |
| SONY Sony Group Corp. - SP ADR | Reduce -35.7% | 0.03% | −0.02 |
| FMS Fresenius Medical Care-ADR | Sold out | 0.00% | −0.02 |
| GFI Gold Fields Ltd.-Spons ADR | Reduce -46.7% | 0.03% | −0.02 |
| TCOM Trip.com Group Ltd.-ADR | Sold out | 0.00% | −0.01 |
| TME Tencent Music Entertainm-ADR | Reduce -50.0% | 0.00% | −0.01 |
| AEG Aegon Ltd.-NY Reg SHR | Reduce -64.9% | 0.00% | −0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -7.7% | 0.02% | −0.01 |
| FUTU Futu Holdings Ltd.-ADR | Reduce -33.4% | 0.01% | −0.01 |
| BABA Alibaba Group Holding-SP ADR | Reduce -1.9% | 0.07% | −0.01 |
| MICC The Magnum Ice Cream Co. NV | Sold out | 0.00% | −0.00 |
| NGG National Grid PLC-SP ADR | Reduce -20.0% | 0.05% | −0.00 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -16.1% | 1.66% | +0.00 |
| BE Bloom Energy Corp. Class A | Reduce -10.0% | 0.03% | +0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| XLE SS Energy Select Sector | Add +385.1% | 1.85% | +1.60 |
| XOM Exxon Mobil Corp. | Add +2.7% | 1.30% | +0.49 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.41% | +0.41 |
| PFGC Performance Food Group Co. | Add +185.7% | 0.55% | +0.37 |
| KLAC KLA Corp. | Add +9.2% | 1.06% | +0.34 |
| CVX Chevron Corp. | Add +3.0% | 0.85% | +0.30 |
| TSM Taiwan Semiconductor-SP ADR | Add +3.3% | 1.25% | +0.27 |
| CDNS Cadence Design SYS Inc. | Add +32.4% | 0.91% | +0.21 |
| ALGN Align Technology Inc. | Add +56.0% | 0.44% | +0.21 |
| MU Micron Technology Inc. | Add +12.1% | 0.65% | +0.21 |
| DDOG Datadog Inc. Class A | Add +93.3% | 0.39% | +0.18 |
| SLB SLB Ltd. | Add +24.7% | 0.39% | +0.18 |
| CNQ Canadian Natural Resources | Add +3.4% | 0.42% | +0.17 |
| DTE DTE Energy Company | New | 0.15% | +0.15 |
| PPL PPL Corp. | New | 0.15% | +0.15 |
| LIN Linde PLC | Add +3.9% | 0.57% | +0.14 |
| LRCX Lam Research Corp. | New | 0.14% | +0.14 |
| CAT Caterpillar Inc. | Add +0.8% | 0.51% | +0.14 |
| FN Fabrinet | New | 0.14% | +0.14 |
| GOOG Alphabet Inc. Class C | Add +1.4% | 4.84% | +0.14 |
| VZ Verizon Communications Inc. | Add +1.3% | 0.47% | +0.13 |
| MPWR Monolithic Power Systems Inc. | Add +1.8% | 0.49% | +0.13 |
| PM Philip Morris International | Add +2.9% | 0.80% | +0.12 |
| KO The Coca-Cola Co. | Add +2.6% | 0.62% | +0.12 |
| ETN Eaton Corp. PLC | Add +0.6% | 0.56% | +0.11 |
| LHX L3HARRIS Technologies Inc. | Add +2.1% | 0.45% | +0.11 |
| DE Deere & Co. | Add +4.1% | 0.37% | +0.11 |
| AMZN Amazon.com Inc. | Add +3.3% | 3.22% | +0.11 |
| JPM JPMorgan Chase & Co. | Add +5.2% | 1.72% | +0.11 |
| CTVA Corteva Inc. | Add +1.1% | 0.36% | +0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.5% | 1.28% | +0.10 |
| ISRG Intuitive Surgical Inc. | Add +53.0% | 0.35% | +0.10 |
| FDX FedEx Corp. | Add +0.9% | 0.35% | +0.10 |
| NOC Northrop Grumman Corp. | Add +2.9% | 0.36% | +0.10 |
| INTU Intuit Inc. | Add +71.0% | 0.45% | +0.09 |
| MRK Merck & Co. Inc. | Add +1.3% | 0.38% | +0.08 |
| PG The Procter & Gamble Co. | Add +2.6% | 0.65% | +0.08 |
| COST Costco Wholesale Corp. | Add +3.9% | 0.33% | +0.08 |
| AME Ametek Inc. | Add +1.0% | 0.52% | +0.08 |
| HUBB Hubbell Inc. | Add +0.8% | 0.40% | +0.08 |
| RTX RTX Corp. | Add +0.8% | 0.48% | +0.07 |
| APH Amphenol Corp. Class A | Add +9.5% | 0.60% | +0.07 |
| MCD McDonald's Corp. | Add +4.0% | 0.48% | +0.07 |
| AVGO Broadcom Inc. | Add +3.5% | 2.61% | +0.07 |
| TJX TJX Companies Inc. | Add +1.3% | 0.46% | +0.07 |
| INTC Intel Corp. | New | 0.06% | +0.06 |
| VST Vistra Corp. | New | 0.06% | +0.06 |
| NFLX Netflix Inc. | Add +2.6% | 0.37% | +0.05 |
| DXCM Dexcom Inc. | Add +10.2% | 0.38% | +0.05 |
| HON Honeywell International Inc. | Add +2.4% | 0.21% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 205 | $10.6B | NVDA, GOOG, AAPL, DFCF, JCPB |
| Q1 2026 | 196 | $8.9B | NVDA, AAPL, GOOG, MSFT, AMZN |
| Q4 2025 | 196 | $9.9B | NVDA, MSFT, AAPL, GOOG, AGG |
| Q3 2025 | 195 | $10.3B | NVDA, MSFT, IXUS, AAPL, GOOG |
| Q2 2025 | 162 | $9.1B | IXUS, MSFT, NVDA, AAPL, AMZN |
| Q1 2025 | 167 | $8.6B | IXUS, AGG, AAPL, MSFT, NVDA |
| Q4 2024 | 172 | $9.2B | IXUS, AGG, AAPL, MSFT, NVDA |
| Q3 2024 | 173 | $9.7B | AGG, IXUS, MSFT, AAPL, NVDA |
| Q2 2024 | 170 | $8.8B | AGG, MSFT, IXUS, AAPL, NVDA |
| Q1 2024 | 169 | $8.7B | AGG, MSFT, XLK, AAPL, IXUS |