GMO
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Jeremy Grantham's GMO reported 661 stock positions worth $44.4 billion. Its top holding was Microsoft (MSFT) at 5.7% of the portfolio, followed by Lam Research (LRCX, 5.3%) and Alphabet Class A (GOOGL, 4.9%). Compared with Q1 2026, it opened 105 new positions, sold out of 74, added to 260 and reduced 261. The biggest buy was Nvidia (NVDA, shares +1218%) and the biggest sale Hilton Worldwide (HLT, shares −38%).
- Most Recent 13F
- Q2 2026
- Notable People
- Jeremy Grantham
- Location
- Boston, MA
- CIK
- 0001352662
- Portfolio Value
- $44.4B (Q2 2026)
- SEC Filing
- 0001072613-26-000636 ↗ filed Aug 13, 2026
Holdings Value
Holdings 661 stocks · $44.4B
| MSFT Microsoft Corp. | 5.73% | 6,816,326 | $2.5B | Add +10.4% |
| LRCX Lam Research Corp. | 5.34% | 5,464,726 | $2.4B | Reduce -20.9% |
| GOOGL Alphabet Inc. Class A | 4.94% | 6,132,636 | $2.2B | Reduce -11.1% |
| AAPL Apple Inc. | 4.47% | 6,848,782 | $2.0B | Reduce -1.3% |
| META Meta Platforms Inc. Class A | 4.37% | 3,446,717 | $1.9B | Add +12.2% |
| JNJ Johnson & Johnson | 4.07% | 7,110,133 | $1.8B | Reduce -2.3% |
| AMZN Amazon.com Inc. | 3.30% | 6,136,926 | $1.5B | Reduce -1.5% |
| TXN Texas Instruments Inc. | 3.14% | 4,674,406 | $1.4B | Reduce -7.6% |
| TMO Thermo Fisher Scientific Inc. | 3.09% | 2,739,191 | $1.4B | Add +9.5% |
| AVGO Broadcom Inc. | 2.78% | 3,267,040 | $1.2B | Reduce -2.4% |
| KLAC KLA Corp. | 2.65% | 3,893,893 | $1.2B | Reduce -15.6% |
| UNH Unitedhealth Group Inc. | 2.65% | 2,825,022 | $1.2B | Reduce -10.6% |
| V Visa Inc. Class A | 2.56% | 3,318,194 | $1.1B | Add +9.3% |
| NVDA Nvidia Corp. | 2.11% | 4,671,972 | $934.8M | Add +1217.8% |
| MA Mastercard Inc. Class A | 2.10% | 1,818,743 | $934.1M | Add +91.3% |
| USB US Bancorp | 2.03% | 14,885,214 | $899.1M | Reduce -22.1% |
| LLY Eli Lilly & Co. | 2.01% | 743,966 | $892.3M | Reduce -0.8% |
| MRK Merck & Co. Inc. | 1.96% | 6,785,008 | $871.9M | Reduce -3.3% |
| ABT Abbott Laboratories | 1.80% | 8,794,077 | $798.0M | Reduce -1.3% |
| NFLX Netflix Inc. | 1.67% | 10,350,004 | $739.0M | Add +155.6% |
| CI The Cigna Group | 1.60% | 2,577,075 | $710.4M | Reduce -0.8% |
| CRM Salesforce Inc. | 1.56% | 4,427,933 | $693.7M | Add +0.1% |
| KO The Coca-Cola Co. | 1.51% | 8,219,620 | $668.0M | Reduce -0.7% |
| ELV Elevance Health Inc. | 1.47% | 1,691,671 | $654.2M | Reduce -12.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.26% | 3,679,188 | $557.4M | Reduce -0.9% |
| STZ Constellation Brands Inc. Class A | 1.25% | 3,998,425 | $556.1M | Reduce -0.7% |
| UBER Uber Technologies Inc. | 1.20% | 7,389,658 | $533.2M | Add +0.2% |
| ACN Accenture PLC Class A | 1.12% | 3,984,233 | $495.8M | Add +2.1% |
| ISRG Intuitive Surgical Inc. | 1.10% | 1,227,993 | $488.3M | Reduce -0.2% |
| HLT Hilton Worldwide Holdings Inc. | 1.03% | 1,381,224 | $456.4M | Reduce -37.8% |
| SNPS Synopsys Inc. | 0.97% | 961,706 | $429.0M | Add +5.7% |
| DGX Quest Diagnostics Inc. | 0.90% | 1,888,207 | $400.2M | Add +0.3% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.68% | 151,987 | $302.4M | Reduce -1.7% |
| TW Tradeweb Markets Inc. Class A | 0.60% | 2,663,518 | $265.4M | Add +0.5% |
| TD Toronto-Dominion Bank | 0.47% | 1,731,101 | $210.4M | Reduce -11.7% |
| GSK GSK PLC-Spon ADR | 0.43% | 3,599,521 | $188.7M | Add +2.2% |
| DB Deutsche Bank AG-Registered | 0.40% | 5,288,878 | $179.1M | Add +29.0% |
| RIO Rio Tinto PLC-Spon ADR | 0.39% | 1,839,135 | $174.6M | Reduce -8.3% |
| ARMK Aramark | 0.37% | 2,893,600 | $164.6M | Reduce -1.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.35% | 329,546 | $157.4M | Reduce -12.0% |
| PM Philip Morris International | 0.32% | 775,917 | $140.4M | New |
| PG The Procter & Gamble Co. | 0.31% | 936,608 | $137.3M | Add +4.8% |
| VOD Vodafone Group PLC-SP ADR | 0.30% | 10,061,670 | $133.1M | Reduce -0.3% |
| DAR Darling Ingredients Inc. | 0.28% | 2,300,482 | $125.7M | Reduce -15.0% |
| ALB Albemarle Corp. | 0.27% | 897,013 | $121.1M | Reduce -1.1% |
| TTE Totalenergies SE | 0.27% | 1,555,564 | $121.0M | Add +4.3% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C | 0.27% | 1,381,602 | $120.0M | Add +13.8% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 0.27% | 1,612,070 | $119.4M | Reduce -4.0% |
| RUN Sunrun Inc. | 0.24% | 8,004,682 | $107.1M | Add +2.4% |
| GE General Electric filed as GE AEROSPACE | 0.24% | 279,787 | $104.6M | Reduce -13.0% |
| MGA Magna International Inc. | 0.23% | 1,548,799 | $101.7M | Add +27.4% |
| ARRY Array Technologies Inc. | 0.20% | 11,890,976 | $88.1M | Add +8.6% |
| SEDG Solaredge Technologies Inc. | 0.16% | 1,243,795 | $72.7M | Reduce -44.3% |
| NXE Nexgen Energy Ltd. | 0.16% | 7,592,203 | $71.3M | Add +0.5% |
| UBS UBS Group AG-Reg | 0.15% | 1,308,707 | $65.0M | Add +145.2% |
| C Citigroup Inc. | 0.15% | 460,213 | $64.4M | Reduce -13.3% |
| ROP Roper Technologies Inc. | 0.14% | 180,936 | $61.2M | Add +61.6% |
| VZ Verizon Communications Inc. | 0.14% | 1,432,234 | $60.6M | Add +8.6% |
| GPRE Green Plains Inc. | 0.14% | 3,898,967 | $60.0M | Reduce -1.2% |
| COP Conocophillips | 0.13% | 575,379 | $59.8M | Reduce -7.2% |
| BAC Bank of America Corp. | 0.13% | 1,042,673 | $59.4M | Reduce -11.0% |
| STM Stmicroelectronics NV-NY SHS | 0.13% | 781,931 | $58.6M | Reduce -18.7% |
| AMRC Ameresco Inc. Class A | 0.13% | 2,030,950 | $56.1M | Reduce -8.9% |
| CVS CVS Health Corp. | 0.13% | 541,115 | $56.0M | Reduce -14.8% |
| MFC Manulife Financial Corp. | 0.12% | 1,334,399 | $54.1M | Reduce -2.7% |
| PFE Pfizer Inc. | 0.12% | 2,179,317 | $52.5M | Reduce -4.6% |
| SLF Sun Life Financial Inc. | 0.12% | 667,734 | $52.4M | Add +4.7% |
| PSMT Pricesmart Inc. | 0.12% | 266,317 | $52.0M | Add +3.2% |
| ALL Allstate Corp. | 0.11% | 214,358 | $51.0M | Add +1.4% |
| ONTO Onto Innovation Inc. | 0.11% | 132,223 | $50.0M | Reduce -3.1% |
| UPS United Parcel Service Class B | 0.11% | 450,312 | $48.4M | Reduce -2.3% |
| CRC California Resources Corp. | 0.11% | 907,661 | $48.0M | Add +12.8% |
| TGT Target Corp. | 0.11% | 361,774 | $47.3M | Reduce -21.0% |
| GM General Motors Co. | 0.11% | 610,405 | $47.1M | Reduce -13.9% |
| VIST Vista Energy Sab DE CV | 0.11% | 735,909 | $47.0M | Reduce -22.5% |
| CNH CNH Industrial NV | 0.10% | 4,144,498 | $46.5M | Add +67.7% |
| COF Capital One Financial Corp. | 0.10% | 231,303 | $46.4M | Add +0.1% |
| REGN Regeneron Pharmaceuticals | 0.10% | 74,200 | $46.3M | Add +34.0% |
| AGCO Agco Corp. | 0.10% | 381,704 | $45.7M | Add +32.3% |
| NUE Nucor Corp. | 0.10% | 203,235 | $45.3M | Reduce -21.2% |
| ITRI Itron Inc. | 0.10% | 522,662 | $45.2M | Add +16.9% |
| WBS Webster Financial Corp. | 0.10% | 591,218 | $45.2M | Add +25.4% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.10% | 325,836 | $44.9M | Add +0.0% |
| NWE Northwestern Energy Group Inc. | 0.10% | 623,112 | $44.6M | Add +14.1% |
| QCOM Qualcomm Inc. | 0.10% | 241,187 | $44.6M | Reduce -45.6% |
| BF.B Brown-Forman Corp. Class B | 0.10% | 1,666,644 | $44.4M | Add +15.8% |
| HPE Hewlett Packard Enterprise | 0.10% | 958,210 | $43.2M | Reduce -30.8% |
| CMCSA Comcast Corp. Class A | 0.10% | 1,719,869 | $42.2M | Reduce -2.2% |
| F Ford Motor Co. filed as FORD MTR CO | 0.09% | 3,029,539 | $42.1M | Reduce -26.7% |
| DAL Delta Air Lines Inc. | 0.09% | 447,312 | $41.9M | Add +3.2% |
| XOM Exxon Mobil Corp. | 0.09% | 297,503 | $40.7M | Reduce -11.5% |
| CLH Clean Harbors Inc. | 0.09% | 135,230 | $40.4M | Reduce -0.3% |
| UL Unilever PLC-Sponsored ADR | 0.09% | 652,686 | $39.2M | Add +21.5% |
| TXNM TXNM Energy Inc. | 0.09% | 688,984 | $39.1M | Add +33.6% |
| DHI D.R. Horton Inc. | 0.09% | 239,691 | $39.0M | Add +3.8% |
| NSC Norfolk Southern Corp. | 0.09% | 123,701 | $38.9M | Add +78.7% |
| CTVA Corteva Inc. | 0.09% | 458,878 | $38.9M | Reduce -4.3% |
| NVS Novartis AG-Sponsored ADR | 0.09% | 245,957 | $38.5M | Reduce -10.8% |
| CRUS Cirrus Logic Inc. | 0.09% | 259,065 | $38.5M | Add +2.7% |
| NXT Nextpower Inc. | 0.09% | 316,913 | $37.8M | Add +32.0% |
Options reported separately and not counted above: TLT calls ($10.3M), IEF calls ($5.6M).
Portfolio Sells Q1 2026 → Q2 2026
| HLT Hilton Worldwide Holdings Inc. | Reduce -37.8% | 1.03% | −0.70 |
| ABT Abbott Laboratories | Reduce -1.3% | 1.80% | −0.54 |
| USB US Bancorp | Reduce -22.1% | 2.03% | −0.52 |
| JNJ Johnson & Johnson | Reduce -2.3% | 4.07% | −0.48 |
| ISRG Intuitive Surgical Inc. | Reduce -0.2% | 1.10% | −0.35 |
| STZ Constellation Brands Inc. Class A | Reduce -0.7% | 1.25% | −0.29 |
| TJX TJX Companies Inc. | Reduce -0.9% | 1.26% | −0.26 |
| MRK Merck & Co. Inc. | Reduce -3.3% | 1.96% | −0.19 |
| CI The Cigna Group | Reduce -0.8% | 1.60% | −0.17 |
| MDLZ Mondelez International Inc. Class A | Reduce -88.8% | 0.02% | −0.16 |
| DAR Darling Ingredients Inc. | Reduce -15.0% | 0.28% | −0.15 |
| ALB Albemarle Corp. | Reduce -1.1% | 0.27% | −0.14 |
| GOOGL Alphabet Inc. Class A | Reduce -11.1% | 4.94% | −0.14 |
| SEDG Solaredge Technologies Inc. | Reduce -44.3% | 0.16% | −0.13 |
| KO The Coca-Cola Co. | Reduce -0.7% | 1.51% | −0.11 |
| MICC The Magnum Ice Cream Co. NV | Sold out | 0.00% | −0.09 |
| VOD Vodafone Group PLC-SP ADR | Reduce -0.3% | 0.30% | −0.09 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -8.3% | 0.39% | −0.09 |
| BBD Banco Bradesco-ADR | Reduce -93.9% | 0.00% | −0.08 |
| EOG EOG Resources Inc. | Reduce -41.4% | 0.07% | −0.08 |
| SQM Quimica Y Minera Chil-SP ADR | Reduce -4.0% | 0.27% | −0.08 |
| VIST Vista Energy Sab DE CV | Reduce -22.5% | 0.11% | −0.08 |
| COP Conocophillips | Reduce -7.2% | 0.13% | −0.07 |
| KOS Kosmos Energy Ltd. | Reduce -35.3% | 0.06% | −0.07 |
| GTLS Chart Industries Inc. | Sold out | 0.00% | −0.07 |
| CTRA Coterra Energy Inc. | Sold out | 0.00% | −0.07 |
| AL Sumisho Air Lease Corp. | Sold out | 0.00% | −0.07 |
| CX Cemex Sab-Spons ADR Part Cer | Reduce -56.2% | 0.05% | −0.07 |
| MASI Masimo Corp. | Sold out | 0.00% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -71.4% | 0.03% | −0.06 |
| HOLX Hologic Inc. | Sold out | 0.00% | −0.06 |
| TPH Tri Pointe Homes Inc. | Sold out | 0.00% | −0.06 |
| VALE Vale SA-SP ADR | Reduce -43.3% | 0.05% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -11.5% | 0.09% | −0.05 |
| LYB Lyondellbasell Indu Class A | Reduce -52.0% | 0.02% | −0.05 |
| CVX Chevron Corp. | Reduce -47.7% | 0.03% | −0.05 |
| B Barrick Mining Corp. | Sold out | 0.00% | −0.05 |
| BTI British American Tob-SP ADR | Reduce -39.6% | 0.06% | −0.05 |
| PFE Pfizer Inc. | Reduce -4.6% | 0.12% | −0.05 |
| QCOM Qualcomm Inc. | Reduce -45.6% | 0.10% | −0.05 |
| EBAY eBay Inc. | Reduce -41.5% | 0.08% | −0.05 |
| NTR Nutrien Ltd. | Reduce -36.1% | 0.04% | −0.05 |
| CIB Grupo Cibest SA-ADR | Reduce -96.2% | 0.00% | −0.04 |
| HUBB Hubbell Inc. | Reduce -91.6% | 0.00% | −0.04 |
| STLA Stellantis NV | Reduce -15.1% | 0.07% | −0.04 |
| OS Onestream Inc. | Sold out | 0.00% | −0.04 |
| YPF YPF S.A.-Sponsored ADR | Reduce -28.0% | 0.07% | −0.04 |
| SEM Select Medical Holdings Corp. | Sold out | 0.00% | −0.04 |
| AAPL Apple Inc. | Reduce -1.3% | 4.47% | −0.04 |
| TGT Target Corp. | Reduce -21.0% | 0.11% | −0.04 |
Portfolio Buys Q1 2026 → Q2 2026
| NVDA Nvidia Corp. | Add +1217.8% | 2.11% | +1.95 |
| MA Mastercard Inc. Class A | Add +91.3% | 2.10% | +0.89 |
| NFLX Netflix Inc. | Add +155.6% | 1.67% | +0.67 |
| PM Philip Morris International | New | 0.32% | +0.32 |
| V Visa Inc. Class A | Add +9.3% | 2.56% | +0.22 |
| DB Deutsche Bank AG-Registered | Add +29.0% | 0.40% | +0.10 |
| UBS UBS Group AG-Reg | Add +145.2% | 0.15% | +0.09 |
| QRVO Qorvo Inc. | New | 0.07% | +0.07 |
| AAUC Allied Gold Corp. | New | 0.06% | +0.06 |
| MOS The Mosaic Co. | Add +1476.1% | 0.06% | +0.06 |
| BNS Bank of Nova Scotia | Add +13.8% | 0.27% | +0.06 |
| MGA Magna International Inc. | Add +27.4% | 0.23% | +0.06 |
| PBR.A Petroleo Brasil-SP Pref ADR | Add +251.9% | 0.08% | +0.05 |
| SNPS Synopsys Inc. | Add +5.7% | 0.97% | +0.04 |
| NEE Nextera Energy Inc. | New | 0.04% | +0.04 |
| CZR Caesars Entertainment Inc. | New | 0.04% | +0.04 |
| AA Alcoa Corp. | Add +408.6% | 0.06% | +0.04 |
| APGE Apogee Therapeutics Inc. | New | 0.04% | +0.04 |
| TEL Te Connectivity PLC | Add +157.8% | 0.08% | +0.04 |
| MEDP Medpace Holdings Inc. | New | 0.04% | +0.04 |
| XYZ Block Inc. | Add +1821.8% | 0.04% | +0.04 |
| NSC Norfolk Southern Corp. | Add +78.7% | 0.09% | +0.04 |
| ROP Roper Technologies Inc. | Add +61.6% | 0.14% | +0.04 |
| CNH CNH Industrial NV | Add +67.7% | 0.10% | +0.04 |
| SLAB Silicon Laboratories Inc. | Add +129.2% | 0.07% | +0.04 |
| GMOC GMO Ultra-Short Income ETF | Add +166.2% | 0.06% | +0.04 |
| ST Sensata Technologies Holdplc | New | 0.03% | +0.03 |
| PRIM Primoris Services Corp. | New | 0.03% | +0.03 |
| ACA Arcosa Inc. | Add +224.9% | 0.04% | +0.03 |
| MCO Moody's Corp. | New | 0.03% | +0.03 |
| AXP American Express Co. | Add +75.3% | 0.07% | +0.03 |
| CDW CDW Corp. | Add +347.0% | 0.03% | +0.03 |
| DE Deere & Co. | Add +92.5% | 0.05% | +0.03 |
| AXTA Axalta Coating Systems Ltd. | New | 0.02% | +0.02 |
| CELH Celsius Holdings Inc. | New | 0.02% | +0.02 |
| WFC Wells Fargo & Co. | Add +171.6% | 0.04% | +0.02 |
| GEN Gen Digital Inc. | New | 0.02% | +0.02 |
| PR Permian Resources Corp. Class A | Add +336.7% | 0.03% | +0.02 |
| GIS General Mills Inc. | Add +70.0% | 0.07% | +0.02 |
| DAL Delta Air Lines Inc. | Add +3.2% | 0.09% | +0.02 |
| PAYO Payoneer Global Inc. | New | 0.02% | +0.02 |
| WBD Warner Bros Discovery Inc. | Add +76.3% | 0.06% | +0.02 |
| TRMB Trimble Inc. | Add +691.4% | 0.02% | +0.02 |
| RF Regions Financial Corp. | Add +99.5% | 0.04% | +0.02 |
| CRBG Corebridge Financial Inc. | Add +47.0% | 0.05% | +0.02 |
| INTU Intuit Inc. | Add +574.8% | 0.03% | +0.02 |
| WBS Webster Financial Corp. | Add +25.4% | 0.10% | +0.02 |
| PSMT Pricesmart Inc. | Add +3.2% | 0.12% | +0.02 |
| APA Apa Corp. | Add +129.1% | 0.05% | +0.02 |
| AGCO Agco Corp. | Add +32.3% | 0.10% | +0.02 |
Options Activity Q1 2026 → Q2 2026
| TLT iShares 20+ Year Treasury BD | call | New | 119,100 | $10.3M |
| IEF iShares 7-10 Year Treasury B | call | New | 59,600 | $5.6M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 661 | $44.4B | MSFT, LRCX, GOOGL, AAPL, META |
| Q1 2026 | 628 | $39.1B | MSFT, GOOGL, JNJ, AAPL, META |
| Q4 2025 | 653 | $39.1B | MSFT, GOOGL, META, AAPL, LRCX |
| Q3 2025 | 597 | $35.4B | MSFT, GOOGL, META, AAPL, LRCX |
| Q2 2025 | 604 | $33.1B | MSFT, META, GOOGL, ORCL, AAPL |
| Q1 2025 | 615 | $31.7B | MSFT, AAPL, GOOGL, META, UNH |
| Q4 2024 | 570 | $30.7B | MSFT, AAPL, GOOGL, META, UNH |
| Q3 2024 | 559 | $31.9B | MSFT, AAPL, META, GOOGL, ORCL |
| Q2 2024 | 525 | $29.6B | MSFT, AAPL, GOOGL, META, UNH |
| Q1 2024 | 513 | $27.5B | MSFT, GOOGL, META, UNH, AAPL |