GMO
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Jeremy Grantham's GMO reported 525 stock positions worth $29.6 billion. Its top holding was Microsoft (MSFT) at 5.7% of the portfolio, followed by Apple (AAPL, 4.3%) and Alphabet Class A (GOOGL, 4.3%). Compared with Q1 2024, it opened 75 new positions, sold out of 64, added to 236 and reduced 174. The biggest buy was Apple (AAPL, shares +33%) and the biggest sale Eli Lilly (LLY, shares −31%).
- Most Recent 13F
- Q2 2026
- Notable People
- Jeremy Grantham
- Location
- Boston, MA
- CIK
- 0001352662
- Portfolio Value
- $29.6B (Q2 2024)
- SEC Filing
- 0001072613-24-000620 ↗ filed Aug 13, 2024
Holdings Value
Holdings 525 stocks · $29.6B
| MSFT Microsoft Corp. | 5.71% | 3,782,328 | $1.7B | Add +5.2% |
| AAPL Apple Inc. | 4.28% | 6,013,397 | $1.3B | Add +32.5% |
| GOOGL Alphabet Inc. Class A | 4.27% | 6,937,885 | $1.3B | Add +1.8% |
| META Meta Platforms Inc. Class A | 3.76% | 2,207,020 | $1.1B | Add +7.7% |
| UNH Unitedhealth Group Inc. | 3.41% | 1,982,532 | $1.0B | Add +9.4% |
| JNJ Johnson & Johnson | 2.97% | 6,024,386 | $880.5M | Add +24.8% |
| LRCX Lam Research Corp. | 2.76% | 767,618 | $817.4M | Add +3.6% |
| ORCL Oracle Corp. | 2.71% | 5,692,642 | $803.8M | Add +3.4% |
| TXN Texas Instruments Inc. | 2.65% | 4,039,455 | $785.8M | Add +4.3% |
| KO The Coca-Cola Co. | 2.53% | 11,772,050 | $749.3M | Add +6.3% |
| ELV Elevance Health Inc. | 2.47% | 1,349,868 | $731.4M | Add +8.2% |
| AMZN Amazon.com Inc. | 2.29% | 3,501,043 | $676.6M | Reduce -14.2% |
| MRK Merck & Co. Inc. | 2.23% | 5,328,292 | $659.6M | Add +12.7% |
| ISRG Intuitive Surgical Inc. | 2.14% | 1,424,317 | $633.6M | Add +4.3% |
| ACN Accenture PLC Class A | 2.08% | 2,032,727 | $616.7M | Add +8.3% |
| ABT Abbott Laboratories | 2.03% | 5,792,160 | $601.9M | Add +7.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 2.01% | 5,414,490 | $596.1M | Add +4.3% |
| KLAC KLA Corp. | 1.93% | 693,790 | $572.0M | Add +4.9% |
| WFC Wells Fargo & Co. | 1.91% | 9,538,858 | $566.5M | Add +6.7% |
| CRM Salesforce Inc. | 1.84% | 2,117,674 | $544.5M | Add +6.7% |
| USB US Bancorp | 1.62% | 12,090,580 | $480.0M | Add +8.3% |
| OTIS Otis Worldwide Corp. | 1.57% | 4,841,268 | $466.0M | Add +4.4% |
| V Visa Inc. Class A | 1.56% | 1,759,177 | $461.7M | Add +6.6% |
| LLY Eli Lilly & Co. | 1.44% | 470,489 | $426.0M | Reduce -31.2% |
| STZ Constellation Brands Inc. Class A | 1.29% | 1,480,070 | $380.8M | Add +15.1% |
| CI The Cigna Group | 1.25% | 1,123,919 | $371.5M | Add +13.8% |
| AXP American Express Co. | 0.99% | 1,262,350 | $292.3M | Reduce -0.4% |
| DGX Quest Diagnostics Inc. | 0.98% | 2,128,721 | $291.4M | Add +4.2% |
| GE General Electric filed as GE AEROSPACE | 0.97% | 1,812,806 | $288.2M | Add +2.2% |
| TMO Thermo Fisher Scientific Inc. | 0.80% | 425,639 | $235.4M | New |
| DAR Darling Ingredients Inc. | 0.77% | 6,223,520 | $228.7M | Add +10.2% |
| RUN Sunrun Inc. | 0.65% | 16,310,540 | $193.4M | Add +11.5% |
| PR Permian Resources Corp. Class A | 0.58% | 10,630,626 | $171.7M | New |
| HLT Hilton Worldwide Holdings Inc. | 0.58% | 781,616 | $170.5M | Add +692.0% |
| KOS Kosmos Energy Ltd. | 0.47% | 25,233,326 | $139.8M | Add +7.8% |
| MFC Manulife Financial Corp. | 0.43% | 4,747,891 | $126.4M | Reduce -0.1% |
| STLA Stellantis NV | 0.42% | 6,346,410 | $125.6M | Reduce -9.5% |
| AMRC Ameresco Inc. Class A | 0.42% | 4,266,759 | $122.9M | No change |
| GSK GSK PLC-Spon ADR | 0.41% | 3,145,330 | $121.1M | Add +108.4% |
| STM Stmicroelectronics NV-NY SHS | 0.35% | 2,675,819 | $105.1M | Add +12.9% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 0.33% | 2,426,825 | $98.9M | Add +19.3% |
| GPRE Green Plains Inc. | 0.33% | 6,068,059 | $96.2M | Add +5.7% |
| COP Conocophillips | 0.32% | 839,920 | $96.1M | Add +17.2% |
| VOD Vodafone Group PLC-SP ADR | 0.29% | 9,710,704 | $86.1M | Add +64.6% |
| NXE Nexgen Energy Ltd. | 0.29% | 12,222,533 | $85.2M | Add +249.8% |
| SEDG Solaredge Technologies Inc. | 0.28% | 3,338,374 | $84.3M | Add +21.7% |
| NVS Novartis AG-Sponsored ADR | 0.28% | 779,681 | $83.0M | Reduce -17.6% |
| JPM JPMorgan Chase & Co. | 0.26% | 382,227 | $77.3M | Reduce -3.3% |
| CSCO Cisco Systems Inc. | 0.26% | 1,603,349 | $76.2M | Add +27.4% |
| LOGI Logitech International-Reg | 0.25% | 769,622 | $74.5M | Add +30.8% |
| PFE Pfizer Inc. | 0.25% | 2,620,014 | $73.3M | Add +7.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.24% | 414,029 | $71.6M | Add +1.6% |
| C Citigroup Inc. | 0.24% | 1,127,076 | $71.5M | Reduce -1.0% |
| VZ Verizon Communications Inc. | 0.24% | 1,714,169 | $70.7M | Reduce -0.9% |
| HMC Honda Motor Co. Ltd.-Spons ADR | 0.22% | 2,018,455 | $65.1M | Reduce -2.9% |
| INTC Intel Corp. | 0.22% | 2,080,757 | $64.4M | Add +28.1% |
| CVX Chevron Corp. | 0.22% | 411,424 | $64.4M | Reduce -2.2% |
| CMCSA Comcast Corp. Class A | 0.21% | 1,625,777 | $63.7M | Add +2.1% |
| FSLR First Solar Inc. | 0.21% | 280,775 | $63.3M | Reduce -28.9% |
| CRC California Resources Corp. | 0.21% | 1,158,119 | $61.6M | Add +59.2% |
| REGN Regeneron Pharmaceuticals | 0.20% | 57,264 | $60.2M | Reduce -1.0% |
| CTVA Corteva Inc. | 0.20% | 1,109,731 | $59.9M | Add +1.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.19% | 1,416,310 | $56.3M | Add +4.6% |
| AGCO Agco Corp. | 0.19% | 571,000 | $55.9M | Add +46.7% |
| HPQ HP Inc. | 0.19% | 1,568,849 | $54.9M | Reduce -4.1% |
| EBAY eBay Inc. | 0.18% | 1,016,302 | $54.6M | Add +1.5% |
| UL Unilever PLC | 0.18% | 989,316 | $54.4M | Add +54.5% |
| COF Capital One Financial Corp. | 0.18% | 388,743 | $53.8M | Reduce -2.5% |
| XOM Exxon Mobil Corp. | 0.18% | 460,038 | $53.0M | Reduce -13.6% |
| CVS CVS Health Corp. | 0.18% | 889,773 | $52.5M | Add +24.1% |
| BWA Borgwarner Inc. | 0.18% | 1,613,023 | $52.0M | Reduce -35.0% |
| DFS Discover Financial Services | 0.17% | 395,103 | $51.7M | Reduce -2.7% |
| CLNE Clean Energy Fuels Corp. | 0.17% | 19,080,418 | $50.9M | Add +8.9% |
| F Ford Motor Co. filed as FORD MTR CO DEL | 0.17% | 4,007,417 | $50.3M | Reduce -3.1% |
| ENPH Enphase Energy Inc. | 0.17% | 498,784 | $49.7M | Add +0.4% |
| GM General Motors Co. | 0.17% | 1,069,484 | $49.7M | Reduce -11.6% |
| HPE Hewlett Packard Enterprise | 0.17% | 2,341,149 | $49.6M | Reduce -6.4% |
| SYF Synchrony Financial | 0.17% | 1,041,662 | $49.2M | Reduce -5.8% |
| ARRY Array Technologies Inc. | 0.16% | 4,721,544 | $48.4M | Add +5.8% |
| DB Deutsche Bank AG-Registered | 0.16% | 3,027,782 | $48.4M | Add +206.1% |
| PYPL PayPal Holdings Inc. | 0.16% | 824,546 | $47.8M | Reduce -2.3% |
| ACI Albertsons Cos Inc. Class A | 0.16% | 2,405,825 | $47.5M | Add +7.2% |
| GOOG Alphabet Inc. Class C | 0.16% | 253,412 | $46.5M | Reduce -42.7% |
| HES Hess Corp. | 0.15% | 308,731 | $45.5M | Add +240.1% |
| FCX Freeport-McMoran Inc. | 0.15% | 934,280 | $45.4M | Reduce -48.3% |
| CTSH Cognizant Tech Solutions-A | 0.15% | 666,486 | $45.3M | Reduce -0.1% |
| GS Goldman Sachs Group Inc. | 0.15% | 99,113 | $44.8M | Add +25.6% |
| X United States Steel Corp. | 0.15% | 1,167,537 | $44.1M | Add +35.5% |
| STLD Steel Dynamics Inc. | 0.15% | 335,566 | $43.5M | Reduce -3.4% |
| SWKS Skyworks Solutions Inc. | 0.15% | 404,664 | $43.1M | Add +27.6% |
| CRUS Cirrus Logic Inc. | 0.14% | 332,783 | $42.5M | Add +8.4% |
| VIST Vista Energy Sab DE CV | 0.14% | 925,900 | $42.1M | Add +355.0% |
| WFG West Fraser Timber Co. Ltd. | 0.14% | 545,657 | $41.9M | Reduce -2.1% |
| CNC Centene Corp. | 0.14% | 627,404 | $41.6M | Add +26.7% |
| STEP Stepstone Group Inc. Class A | 0.14% | 896,500 | $41.1M | Add +4.7% |
| NUE Nucor Corp. | 0.14% | 260,235 | $41.1M | Add +4.3% |
| AAON Aaon Inc. | 0.14% | 470,884 | $41.1M | Add +4.6% |
| ALLY Ally Financial Inc. | 0.14% | 1,024,825 | $40.7M | Reduce -5.0% |
| OLLI Ollie's Bargain Outlet Holdi | 0.14% | 412,705 | $40.5M | Reduce -11.3% |
| GMED Globus Medical Inc. Class A | 0.14% | 586,067 | $40.1M | Reduce -12.0% |
Portfolio Sells Q1 2024 → Q2 2024
| LLY Eli Lilly & Co. | Reduce -31.2% | 1.44% | −0.49 |
| AMZN Amazon.com Inc. | Reduce -14.2% | 2.29% | −0.39 |
| STLA Stellantis NV | Reduce -9.5% | 0.42% | −0.30 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -86.5% | 0.05% | −0.29 |
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −0.26 |
| CSIQ Canadian Solar Inc. | Sold out | 0.00% | −0.18 |
| FCX Freeport-McMoran Inc. | Reduce -48.3% | 0.15% | −0.16 |
| QCOM Qualcomm Inc. | Reduce -64.9% | 0.10% | −0.15 |
| BWA Borgwarner Inc. | Reduce -35.0% | 0.18% | −0.14 |
| BTI British American Tob-SP ADR | Sold out | 0.00% | −0.13 |
| AER Aercap Holdings NV | Sold out | 0.00% | −0.12 |
| ALTM Arcadium Lithium PLC | Reduce -32.1% | 0.12% | −0.12 |
| MRNA Moderna Inc. | Sold out | 0.00% | −0.12 |
| BRKR Bruker Corp. | Sold out | 0.00% | −0.09 |
| EXE Expand Energy Corp. | Reduce -98.0% | 0.00% | −0.09 |
| GOOG Alphabet Inc. Class C | Reduce -42.7% | 0.16% | −0.09 |
| JAZZ Jazz Pharmaceuticals PLC | Reduce -95.7% | 0.00% | −0.08 |
| PBR.A Petroleo Brasil-SP Pref ADR | Reduce -34.7% | 0.10% | −0.08 |
| CLS Celestica Inc. | Reduce -47.1% | 0.13% | −0.08 |
| SP SP Plus Corp. | Sold out | 0.00% | −0.08 |
| MMM 3M Co. | Reduce -31.0% | 0.12% | −0.08 |
| PCH Potlatchdeltic Corp. | Reduce -34.5% | 0.08% | −0.07 |
| UBS UBS Group AG-Reg | Reduce -70.8% | 0.03% | −0.07 |
| HSBC HSBC Holdings PLC-Spons ADR | Reduce -50.8% | 0.07% | −0.07 |
| AXP American Express Co. | Reduce -0.4% | 0.99% | −0.06 |
| HMC Honda Motor Co. Ltd.-Spons ADR | Reduce -2.9% | 0.22% | −0.06 |
| LBTYA Liberty Global Ltd. Class A | Sold out | 0.00% | −0.06 |
| CPNG Coupang Inc. | Reduce -56.9% | 0.05% | −0.06 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −0.06 |
| WLK Westlake Corp. | Reduce -96.9% | 0.00% | −0.06 |
| ETRN Equitrans Midstream Corp. | Reduce -66.2% | 0.03% | −0.05 |
| NVS Novartis AG-Sponsored ADR | Reduce -17.6% | 0.28% | −0.05 |
| RDY Dr. Reddy's Laboratories-ADR | Reduce -51.2% | 0.04% | −0.05 |
| GGB Gerdau SA -Spon ADR | Reduce -30.2% | 0.04% | −0.05 |
| ON On Semiconductor | Reduce -19.5% | 0.11% | −0.05 |
| XOM Exxon Mobil Corp. | Reduce -13.6% | 0.18% | −0.05 |
| ASX Ase Technology Holding -ADR | Reduce -39.9% | 0.06% | −0.05 |
| VTRS Viatris Inc. | Reduce -14.5% | 0.11% | −0.04 |
| KEYS Keysight Technologies Inc. | Reduce -80.4% | 0.01% | −0.04 |
| PYPL PayPal Holdings Inc. | Reduce -2.3% | 0.16% | −0.04 |
| ERF Enerplus Corp. | Sold out | 0.00% | −0.04 |
| PCAR Paccar Inc. | Reduce -5.1% | 0.11% | −0.04 |
| SE Sea Ltd.-ADR | Reduce -56.1% | 0.05% | −0.04 |
| OVV Ovintiv Inc. | Reduce -29.1% | 0.06% | −0.04 |
| PRIM Primoris Services Corp. | Sold out | 0.00% | −0.04 |
| STLD Steel Dynamics Inc. | Reduce -3.4% | 0.15% | −0.04 |
| AGRO Adecoagro SA | Reduce -29.0% | 0.06% | −0.04 |
| PKX Posco Holdings Inc. -Spon ADR | Reduce -17.8% | 0.07% | −0.04 |
| SWN Southwestern Energy Co. | Reduce -37.9% | 0.04% | −0.04 |
| SHEL Shell PLC-ADR | Reduce -95.2% | 0.00% | −0.04 |
Portfolio Buys Q1 2024 → Q2 2024
| AAPL Apple Inc. | Add +32.5% | 4.28% | +1.45 |
| TMO Thermo Fisher Scientific Inc. | New | 0.80% | +0.80 |
| PR Permian Resources Corp. Class A | New | 0.58% | +0.58 |
| GOOGL Alphabet Inc. Class A | Add +1.8% | 4.27% | +0.53 |
| HLT Hilton Worldwide Holdings Inc. | Add +692.0% | 0.58% | +0.50 |
| KLAC KLA Corp. | Add +4.9% | 1.93% | +0.25 |
| MSFT Microsoft Corp. | Add +5.2% | 5.71% | +0.21 |
| TXN Texas Instruments Inc. | Add +4.3% | 2.65% | +0.20 |
| ORCL Oracle Corp. | Add +3.4% | 2.71% | +0.20 |
| JNJ Johnson & Johnson | Add +24.8% | 2.97% | +0.20 |
| NXE Nexgen Energy Ltd. | Add +249.8% | 0.29% | +0.19 |
| GSK GSK PLC-Spon ADR | Add +108.4% | 0.41% | +0.17 |
| ISRG Intuitive Surgical Inc. | Add +4.3% | 2.14% | +0.16 |
| UNH Unitedhealth Group Inc. | Add +9.4% | 3.41% | +0.15 |
| LRCX Lam Research Corp. | Add +3.6% | 2.76% | +0.15 |
| META Meta Platforms Inc. Class A | Add +7.7% | 3.76% | +0.14 |
| ELV Elevance Health Inc. | Add +8.2% | 2.47% | +0.12 |
| VIST Vista Energy Sab DE CV | Add +355.0% | 0.14% | +0.11 |
| DB Deutsche Bank AG-Registered | Add +206.1% | 0.16% | +0.11 |
| HES Hess Corp. | Add +240.1% | 0.15% | +0.10 |
| VOD Vodafone Group PLC-SP ADR | Add +64.6% | 0.29% | +0.10 |
| TJX TJX Companies Inc. | Add +4.3% | 2.01% | +0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +804.5% | 0.10% | +0.09 |
| CTLT Catalent Inc. | New | 0.09% | +0.09 |
| NXT Nextpower Inc. | New | 0.08% | +0.08 |
| ORA Ormat Technologies Inc. | New | 0.08% | +0.08 |
| CERE Cerevel Therapeutics Holding | New | 0.07% | +0.07 |
| KO The Coca-Cola Co. | Add +6.3% | 2.53% | +0.07 |
| EDR Endeavor Group Hold Class A | New | 0.07% | +0.07 |
| UL Unilever PLC | Add +54.5% | 0.18% | +0.07 |
| EPAM Epam Systems Inc. | New | 0.06% | +0.06 |
| CRC California Resources Corp. | Add +59.2% | 0.21% | +0.06 |
| YPF YPF S.A.-Sponsored ADR | Add +98.4% | 0.13% | +0.06 |
| ACGL Arch Capital Group Ltd. | Add +422.8% | 0.08% | +0.06 |
| CHKP Check Point Software Tech | Add +160.4% | 0.10% | +0.06 |
| LOGI Logitech International-Reg | Add +30.8% | 0.25% | +0.06 |
| SOLV Solventum Corp. | Add +268.7% | 0.08% | +0.06 |
| CHX Championx Corp. | New | 0.06% | +0.06 |
| HUBB Hubbell Inc. | Add +414.9% | 0.07% | +0.06 |
| AY Atlantica Sustainable Infras | New | 0.06% | +0.06 |
| GILD Gilead Sciences Inc. | New | 0.05% | +0.05 |
| SBOW Silverbow Resources Inc. | New | 0.05% | +0.05 |
| RIO Rio Tinto PLC-Spon ADR | Add +413.3% | 0.07% | +0.05 |
| VMI Valmont Industries | Add +138.5% | 0.08% | +0.05 |
| HCP Hashicorp Inc. Class A | New | 0.05% | +0.05 |
| AKAM Akamai Technologies Inc. | Add +180.8% | 0.10% | +0.05 |
| WMS Advanced Drainage Systems Inc. | Add +95.6% | 0.12% | +0.05 |
| WHD Cactus Inc. Class A | Add +262.0% | 0.07% | +0.05 |
| CBRE CBRE Group Inc. Class A | Add +240.8% | 0.07% | +0.05 |
| AFL Aflac Inc. | New | 0.05% | +0.05 |
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 |