GMO

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Jeremy Grantham's GMO reported 513 stock positions worth $27.5 billion. Its top holding was Microsoft (MSFT) at 5.5% of the portfolio, followed by Alphabet Class A (GOOGL, 3.7%) and Meta Platforms Class A (META, 3.6%). Compared with Q4 2023, it opened 83 new positions, sold out of 55, added to 179 and reduced 221. The biggest buy was Meta Platforms Class A (META, shares +10%) and the biggest sale an exit from Livent (LTHM).

Most Recent 13F
Q2 2026
Notable People
Jeremy Grantham
Location
Boston, MA
CIK
0001352662
Portfolio Value
$27.5B (Q1 2024)
SEC Filing
0001072613-24-000473 ↗ filed May 14, 2024

Holdings Value

0$10.0B$20.0B$30.0B$40.0B$50.0B Q1 2024: $27.5B $27.5B Q1 2024 Q2 2024: $29.6B Q2 2024 Q3 2024: $31.9B Q3 2024 Q4 2024: $30.7B Q4 2024 Q1 2025: $31.7B Q1 2025 Q2 2025: $33.1B Q2 2025 Q3 2025: $35.4B Q3 2025 Q4 2025: $39.1B Q4 2025 Q1 2026: $39.1B Q1 2026 Q2 2026: $44.4B Q2 2026

Holdings 513 stocks · $27.5B
MSFT Microsoft Corp. 5.50% 3,597,068 $1.5B Add +20.0%
GOOGL Alphabet Inc. Class A 3.74% 6,813,493 $1.0B Add +34.7%
META Meta Platforms Inc. Class A 3.62% 2,049,765 $995.3M Add +9.5%
UNH Unitedhealth Group Inc. 3.26% 1,811,317 $896.1M Add +14.0%
AAPL Apple Inc. 2.83% 4,537,056 $778.0M Add +41.9%
JNJ Johnson & Johnson 2.78% 4,827,532 $763.7M Add +21.1%
AMZN Amazon.com Inc. 2.67% 4,079,093 $735.8M Add +3.9%
LRCX Lam Research Corp. 2.62% 740,818 $719.8M Add +17.4%
ORCL Oracle Corp. 2.51% 5,506,322 $691.6M Add +20.0%
KO The Coca-Cola Co. 2.46% 11,074,886 $677.6M Add +33.1%
TXN Texas Instruments Inc. 2.45% 3,871,592 $674.5M Add +21.2%
ACN Accenture PLC Class A 2.36% 1,877,531 $650.8M Add +18.2%
ELV Elevance Health Inc. 2.35% 1,247,265 $646.8M Add +35.8%
MRK Merck & Co. Inc. 2.27% 4,727,058 $623.7M Add +17.4%
ABT Abbott Laboratories 2.23% 5,408,008 $614.7M Add +23.6%
CRM Salesforce Inc. 2.17% 1,984,171 $597.6M Add +18.5%
ISRG Intuitive Surgical Inc. 1.98% 1,366,150 $545.2M Add +20.2%
LLY Eli Lilly & Co. 1.93% 683,786 $532.0M Reduce -0.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.91% 5,192,026 $526.6M Add +19.6%
WFC Wells Fargo & Co. 1.88% 8,940,546 $518.2M Add +20.9%
USB US Bancorp 1.81% 11,161,575 $498.9M Add +39.8%
KLAC KLA Corp. 1.68% 661,471 $462.1M Add +22.1%
V Visa Inc. Class A 1.67% 1,650,906 $460.7M Add +18.9%
OTIS Otis Worldwide Corp. 1.67% 4,637,078 $460.3M Add +19.4%
CI The Cigna Group 1.30% 987,939 $358.8M Add +39.0%
STZ Constellation Brands Inc. Class A 1.27% 1,286,079 $349.5M Add +31.2%
GE General Electric 1.13% 1,773,603 $311.3M Add +47.2%
AXP American Express Co. 1.05% 1,267,779 $288.7M Add +8.0%
DGX Quest Diagnostics Inc. 0.99% 2,043,255 $272.0M Add +19.8%
DAR Darling Ingredients Inc. 0.95% 5,647,843 $262.7M Add +9.3%
STLA Stellantis NV 0.73% 7,012,644 $199.5M Add +1.9%
SEDG Solaredge Technologies Inc. 0.71% 2,742,180 $194.6M Add +38.8%
RUN Sunrun Inc. 0.70% 14,626,019 $192.8M Add +15.2%
KOS Kosmos Energy Ltd. 0.51% 23,405,519 $139.5M Add +1.2%
GPRE Green Plains Inc. 0.48% 5,739,989 $132.7M Add +20.8%
MFC Manulife Financial Corp. 0.43% 4,753,837 $118.8M Add +3.9%
AMRC Ameresco Inc. Class A 0.37% 4,266,759 $103.0M Add +5.6%
STM Stmicroelectronics NV-NY SHS 0.37% 2,369,710 $102.5M Reduce -4.1%
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 0.36% 2,034,609 $100.0M Add +0.6%
TSM Taiwan Semiconductor-SP ADR 0.34% 687,929 $93.6M Reduce -34.7%
NVS Novartis AG-Sponsored ADR 0.33% 945,876 $91.5M Reduce -38.1%
COP Conocophillips 0.33% 716,678 $91.2M Reduce -8.4%
BWA Borgwarner Inc. 0.31% 2,480,476 $86.2M Reduce -6.8%
FCX Freeport-McMoran Inc. 0.31% 1,806,162 $84.9M Reduce -2.2%
JPM JPMorgan Chase & Co. 0.29% 395,299 $79.2M Reduce -19.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.28% 407,685 $77.9M Reduce -15.3%
HMC Honda Motor Co. Ltd.-Spons ADR 0.28% 2,078,681 $77.4M Add +31.2%
VZ Verizon Communications Inc. 0.26% 1,729,251 $72.6M Reduce -11.1%
PXD Pioneer Natural Resources Co. 0.26% 276,122 $72.5M Add +15.0%
C Citigroup Inc. 0.26% 1,138,071 $72.0M Reduce -15.9%
INTC Intel Corp. 0.26% 1,624,253 $71.7M Reduce -16.2%
CMCSA Comcast Corp. Class A 0.25% 1,592,412 $69.0M Reduce -10.6%
QCOM Qualcomm Inc. 0.25% 403,375 $68.3M Reduce -30.6%
PFE Pfizer Inc. 0.25% 2,445,045 $67.8M Reduce -5.8%
GOOG Alphabet Inc. Class C 0.24% 442,458 $67.4M Reduce -27.2%
FSLR First Solar Inc. 0.24% 395,106 $66.7M Add +33.1%
ARRY Array Technologies Inc. 0.24% 4,460,598 $66.5M Add +181.3%
CVX Chevron Corp. 0.24% 420,737 $66.4M Add +0.7%
ALTM Arcadium Lithium PLC 0.24% 15,149,844 $65.3M New
GSK GSK PLC-Spon ADR 0.24% 1,508,965 $64.7M Reduce -10.1%
CTVA Corteva Inc. 0.23% 1,098,027 $63.3M Add +4.4%
CSCO Cisco Systems Inc. 0.23% 1,258,461 $62.8M Reduce -1.1%
XOM Exxon Mobil Corp. 0.22% 532,144 $61.9M Reduce -7.0%
ENPH Enphase Energy Inc. 0.22% 496,857 $60.1M Add +12.9%
COF Capital One Financial Corp. 0.22% 398,795 $59.4M Reduce -9.6%
CVS CVS Health Corp. 0.21% 716,690 $57.2M Reduce -8.4%
CLS Celestica Inc. 0.21% 1,270,439 $57.1M Reduce -11.3%
PYPL PayPal Holdings Inc. 0.21% 844,133 $56.5M Add +5.9%
REGN Regeneron Pharmaceuticals 0.20% 57,860 $55.7M Reduce -13.8%
F Ford Motor Co. filed as FORD MTR CO DEL 0.20% 4,135,497 $54.9M Reduce -9.3%
GM General Motors Co. 0.20% 1,209,862 $54.9M Reduce -17.9%
MMM 3M Co. 0.20% 511,445 $54.2M Reduce -0.8%
DFS Discover Financial Services 0.19% 406,206 $53.2M Reduce -14.0%
EBAY eBay Inc. 0.19% 1,001,229 $52.8M Reduce -14.4%
LOGI Logitech International-Reg 0.19% 588,228 $52.7M Add +128.0%
VOD Vodafone Group PLC-SP ADR 0.19% 5,899,532 $52.5M Reduce -9.5%
STLD Steel Dynamics Inc. 0.19% 347,190 $51.5M Reduce -12.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.19% 1,354,586 $51.4M Reduce -12.5%
HPQ HP Inc. 0.18% 1,636,016 $49.4M Reduce -9.4%
NUE Nucor Corp. 0.18% 249,467 $49.4M Reduce -14.0%
CSIQ Canadian Solar Inc. 0.18% 2,488,340 $49.2M Reduce -53.4%
CTSH Cognizant Tech Solutions-A 0.18% 667,389 $48.9M Reduce -8.1%
PBR.A Petroleo Brasil-SP Pref ADR 0.18% 3,258,814 $48.6M Reduce -27.0%
WFG West Fraser Timber Co. Ltd. 0.18% 557,446 $48.2M Reduce -6.3%
ACI Albertsons Cos Inc. Class A 0.17% 2,243,904 $48.1M Add +15.0%
AGCO Agco Corp. 0.17% 389,325 $47.9M Add +9.2%
SYF Synchrony Financial 0.17% 1,105,290 $47.7M Reduce -11.4%
CLNE Clean Energy Fuels Corp. 0.17% 17,515,606 $46.9M Add +8.9%
KHC The Kraft Heinz Co. 0.17% 1,238,592 $45.7M Reduce -8.0%
HPE Hewlett Packard Enterprise 0.16% 2,502,072 $44.4M Add +28.2%
ALLY Ally Financial Inc. 0.16% 1,078,905 $43.8M Reduce -8.8%
PCAR Paccar Inc. 0.15% 343,051 $42.5M Reduce -23.3%
VTRS Viatris Inc. 0.15% 3,537,903 $42.2M Reduce -14.8%
ON On Semiconductor 0.15% 571,196 $42.0M Reduce -9.8%
PCH Potlatchdeltic Corp. 0.15% 880,894 $41.4M Add +20.4%
BLDR Builders Firstsource Inc. 0.15% 195,048 $40.7M Reduce -22.4%
CRC California Resources Corp. 0.15% 727,419 $40.1M Reduce -7.7%
AAON Aaon Inc. 0.14% 450,009 $39.6M Add +78.7%
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.14% 1,004,374 $39.5M Reduce -15.3%
TECK Teck Resources Ltd.-CLS B 0.14% 861,903 $39.5M Reduce -21.1%

Show all 513 holdings

Portfolio Sells Q4 2023 → Q1 2024
LTHM Livent Corp. Sold out 0.00% −0.54
CSIQ Canadian Solar Inc. Reduce -53.4% 0.18% −0.44
NVS Novartis AG-Sponsored ADR Reduce -38.1% 0.33% −0.35
SPLK Splunk Inc. Sold out 0.00% −0.18
STM Stmicroelectronics NV-NY SHS Reduce -4.1% 0.37% −0.17
INTC Intel Corp. Reduce -16.2% 0.26% −0.17
TXNM TXNM Energy Inc. Sold out 0.00% −0.16
BTI British American Tob-SP ADR Reduce -46.5% 0.13% −0.16
TSM Taiwan Semiconductor-SP ADR Reduce -34.7% 0.34% −0.14
GOOG Alphabet Inc. Class C Reduce -27.2% 0.24% −0.13
PBR.A Petroleo Brasil-SP Pref ADR Reduce -27.0% 0.18% −0.12
QCOM Qualcomm Inc. Reduce -30.6% 0.25% −0.12
VFC VF Corp. Reduce -78.8% 0.02% −0.12
HES Hess Corp. Reduce -64.5% 0.05% −0.11
BWA Borgwarner Inc. Reduce -6.8% 0.31% −0.11
ILMN Illumina Inc. Sold out 0.00% −0.11
GILD Gilead Sciences Inc. Sold out 0.00% −0.10
CMCSA Comcast Corp. Class A Reduce -10.6% 0.25% −0.09
GS Goldman Sachs Group Inc. Reduce -35.8% 0.12% −0.09
PSX Phillips 66 Reduce -87.2% 0.01% −0.09
MOS The Mosaic Co. Reduce -53.8% 0.05% −0.09
PFE Pfizer Inc. Reduce -5.8% 0.25% −0.08
JPM JPMorgan Chase & Co. Reduce -19.7% 0.29% −0.08
ON On Semiconductor Reduce -9.8% 0.15% −0.08
PKX Posco Holdings Inc. -Spon ADR Reduce -14.8% 0.11% −0.08
TGH Textainer Group Holdings Ltd. Sold out 0.00% −0.08
BP BP PLC-Spons ADR Reduce -94.6% 0.00% −0.07
SWKS Skyworks Solutions Inc. Reduce -20.7% 0.12% −0.07
WBA Walgreens Boots Alliance Inc. Reduce -3.4% 0.14% −0.07
SLF Sun Life Financial Inc. Reduce -33.1% 0.10% −0.07
AGRO Adecoagro SA Reduce -29.5% 0.10% −0.07
COP Conocophillips Reduce -8.4% 0.33% −0.07
HSBC HSBC Holdings PLC-Spons ADR Reduce -15.3% 0.14% −0.07
LBRDK Liberty Broadband-C Reduce -5.9% 0.08% −0.07
PBR Petroleo Brasileiro-Spon ADR Reduce -26.3% 0.09% −0.07
KMI Kinder Morgan Inc. Reduce -33.3% 0.09% −0.07
CVS CVS Health Corp. Reduce -8.4% 0.21% −0.06
IBM Intl Business Machines Corp. Reduce -15.3% 0.28% −0.06
CTSH Cognizant Tech Solutions-A Reduce -8.1% 0.18% −0.06
MRNA Moderna Inc. Reduce -25.6% 0.12% −0.06
TECK Teck Resources Ltd.-CLS B Reduce -21.1% 0.14% −0.06
HPQ HP Inc. Reduce -9.4% 0.18% −0.06
VZ Verizon Communications Inc. Reduce -11.1% 0.26% −0.06
VOD Vodafone Group PLC-SP ADR Reduce -9.5% 0.19% −0.06
RPT REALTY Sold out 0.00% −0.06
AA Alcoa Corp. Reduce -46.8% 0.05% −0.06
REGN Regeneron Pharmaceuticals Reduce -13.8% 0.20% −0.06
SRC Spirit Realty Capital Inc. Sold out 0.00% −0.06
CSCO Cisco Systems Inc. Reduce -1.1% 0.23% −0.06
WRK Westrock Co. Reduce -46.2% 0.06% −0.05

Portfolio Buys Q4 2023 → Q1 2024
META Meta Platforms Inc. Class A Add +9.5% 3.62% +0.69
GOOGL Alphabet Inc. Class A Add +34.7% 3.74% +0.62
MSFT Microsoft Corp. Add +20.0% 5.50% +0.52
GE General Electric Add +47.2% 1.13% +0.45
ELV Elevance Health Inc. Add +35.8% 2.35% +0.44
LRCX Lam Research Corp. Add +17.4% 2.62% +0.43
ORCL Oracle Corp. Add +20.0% 2.51% +0.38
CI The Cigna Group Add +39.0% 1.30% +0.36
MRK Merck & Co. Inc. Add +17.4% 2.27% +0.33
KO The Coca-Cola Co. Add +33.1% 2.46% +0.30
KLAC KLA Corp. Add +22.1% 1.68% +0.29
ISRG Intuitive Surgical Inc. Add +20.2% 1.98% +0.29
USB US Bancorp Add +39.8% 1.81% +0.29
WFC Wells Fargo & Co. Add +20.9% 1.88% +0.28
ALTM Arcadium Lithium PLC New 0.24% +0.24
CRM Salesforce Inc. Add +18.5% 2.17% +0.23
STZ Constellation Brands Inc. Class A Add +31.2% 1.27% +0.22
OTIS Otis Worldwide Corp. Add +19.4% 1.67% +0.14
X United States Steel Corp. New 0.13% +0.13
ARRY Array Technologies Inc. Add +181.3% 0.24% +0.12
MGRC McGrath Rentcorp New 0.12% +0.12
TJX TJX Companies Inc. Add +19.6% 1.91% +0.12
AAPL Apple Inc. Add +41.9% 2.83% +0.11
ABT Abbott Laboratories Add +23.6% 2.23% +0.11
GEHC GE Healthcare Technology New 0.10% +0.10
UL Unilever PLC Add +460.7% 0.12% +0.09
ARCB Arcbest Corp. New 0.09% +0.09
LOGI Logitech International-Reg Add +128.0% 0.19% +0.08
SWN Southwestern Energy Co. New 0.08% +0.08
ETRN Equitrans Midstream Corp. New 0.08% +0.08
V Visa Inc. Class A Add +18.9% 1.67% +0.08
AXP American Express Co. Add +8.0% 1.05% +0.08
WMS Advanced Drainage Systems Inc. New 0.07% +0.07
YPF YPF S.A.-Sponsored ADR New 0.07% +0.07
ATKR Atkore Inc. Add +489.4% 0.08% +0.07
ANSS Ansys Inc. New 0.07% +0.07
HMC Honda Motor Co. Ltd.-Spons ADR Add +31.2% 0.28% +0.07
MZTI The Marzetti Company Add +75.4% 0.14% +0.06
AAON Aaon Inc. Add +78.7% 0.14% +0.06
NEOG Neogen Corp. New 0.06% +0.06
BABA Alibaba Group Holding-SP ADR Add +22500.7% 0.06% +0.06
CARR Carrier Global Corp. New 0.06% +0.06
DB Deutsche Bank AG-Registered New 0.06% +0.06
ESNT Essent Group Ltd. Add +74.3% 0.14% +0.05
EFOR Everforth Inc. Add +99.7% 0.11% +0.05
GNTX Gentex Corp. Add +78.1% 0.13% +0.05
TXN Texas Instruments Inc. Add +21.2% 2.45% +0.05
STEP Stepstone Group Inc. Class A Add +88.2% 0.11% +0.05
ATR Aptargroup Inc. Add +74.3% 0.12% +0.05
OLLI Ollie's Bargain Outlet Holdi Add +76.3% 0.13% +0.05

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 661$44.4BMSFT, LRCX, GOOGL, AAPL, META
Q1 2026 628$39.1BMSFT, GOOGL, JNJ, AAPL, META
Q4 2025 653$39.1BMSFT, GOOGL, META, AAPL, LRCX
Q3 2025 597$35.4BMSFT, GOOGL, META, AAPL, LRCX
Q2 2025 604$33.1BMSFT, META, GOOGL, ORCL, AAPL
Q1 2025 615$31.7BMSFT, AAPL, GOOGL, META, UNH
Q4 2024 570$30.7BMSFT, AAPL, GOOGL, META, UNH
Q3 2024 559$31.9BMSFT, AAPL, META, GOOGL, ORCL
Q2 2024 525$29.6BMSFT, AAPL, GOOGL, META, UNH
Q1 2024 513$27.5BMSFT, GOOGL, META, UNH, AAPL