GMO

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Jeremy Grantham's GMO reported 559 stock positions worth $31.9 billion. Its top holding was Microsoft (MSFT) at 5.4% of the portfolio, followed by Apple (AAPL, 4.6%) and Meta Platforms Class A (META, 4.2%). Compared with Q2 2024, it opened 95 new positions, sold out of 61, added to 209 and reduced 212. The biggest buy was Visa Class A (V, shares +66%) and the biggest sale American Express (AXP, shares −92%).

Most Recent 13F
Q2 2026
Notable People
Jeremy Grantham
Location
Boston, MA
CIK
0001352662
Portfolio Value
$31.9B (Q3 2024)
SEC Filing
0001072613-24-000820 ↗ filed Nov 13, 2024

Holdings Value

0$10.0B$20.0B$30.0B$40.0B$50.0B Q1 2024: $27.5B Q1 2024 Q2 2024: $29.6B Q2 2024 Q3 2024: $31.9B $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 559 stocks · $31.9B
MSFT Microsoft Corp. 5.40% 4,001,855 $1.7B Add +5.8%
AAPL Apple Inc. 4.63% 6,340,027 $1.5B Add +5.4%
META Meta Platforms Inc. Class A 4.21% 2,347,066 $1.3B Add +6.3%
GOOGL Alphabet Inc. Class A 3.81% 7,329,022 $1.2B Add +5.6%
ORCL Oracle Corp. 3.21% 6,017,401 $1.0B Add +5.7%
JNJ Johnson & Johnson 3.20% 6,294,037 $1.0B Add +4.5%
UNH Unitedhealth Group Inc. 3.10% 1,690,509 $988.4M Reduce -14.7%
TXN Texas Instruments Inc. 2.75% 4,245,673 $877.0M Add +5.1%
ELV Elevance Health Inc. 2.75% 1,684,658 $876.0M Add +24.8%
KO The Coca-Cola Co. 2.61% 11,574,464 $831.7M Reduce -1.7%
ABT Abbott Laboratories 2.54% 7,109,688 $810.6M Add +22.8%
V Visa Inc. Class A 2.52% 2,921,220 $803.2M Add +66.1%
ACN Accenture PLC Class A 2.42% 2,185,214 $772.4M Add +7.5%
ISRG Intuitive Surgical Inc. 2.31% 1,497,314 $735.6M Add +5.1%
MRK Merck & Co. Inc. 2.10% 5,912,044 $671.4M Add +11.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 2.10% 5,694,861 $669.4M Add +5.2%
AMZN Amazon.com Inc. 2.07% 3,552,685 $662.0M Add +1.5%
LRCX Lam Research Corp. 2.07% 809,799 $660.9M Add +5.5%
CRM Salesforce Inc. 1.94% 2,258,313 $618.1M Add +6.6%
USB US Bancorp 1.84% 12,815,304 $586.0M Add +6.0%
WFC Wells Fargo & Co. 1.74% 9,853,248 $556.6M Add +3.3%
OTIS Otis Worldwide Corp. 1.66% 5,098,541 $529.9M Add +5.3%
CI The Cigna Group 1.54% 1,422,928 $493.0M Add +26.6%
STZ Constellation Brands Inc. Class A 1.39% 1,717,478 $442.6M Add +16.0%
KLAC KLA Corp. 1.34% 550,920 $426.6M Reduce -20.6%
LLY Eli Lilly & Co. 1.19% 428,864 $379.9M Reduce -8.8%
HLT Hilton Worldwide Holdings Inc. 1.18% 1,632,472 $376.3M Add +108.9%
DGX Quest Diagnostics Inc. 1.09% 2,242,776 $348.2M Add +5.4%
TMO Thermo Fisher Scientific Inc. 0.88% 454,399 $281.1M Add +6.8%
RUN Sunrun Inc. 0.63% 11,118,661 $200.8M Reduce -31.8%
DAR Darling Ingredients Inc. 0.60% 5,173,969 $192.3M Reduce -16.9%
AMRC Ameresco Inc. Class A 0.50% 4,209,571 $159.7M Reduce -1.3%
GSK GSK PLC-Spon ADR 0.47% 3,707,048 $151.5M Add +17.9%
PR Permian Resources Corp. Class A 0.45% 10,630,626 $144.7M No change
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 0.41% 3,125,574 $130.3M Add +28.8%
MFC Manulife Financial Corp. 0.40% 4,318,356 $127.7M Reduce -9.1%
VOD Vodafone Group PLC-SP ADR 0.39% 12,359,440 $123.8M Add +27.3%
KOS Kosmos Energy Ltd. 0.34% 26,721,357 $107.7M Add +5.9%
SEDG Solaredge Technologies Inc. 0.31% 4,311,783 $98.8M Add +29.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.27% 385,033 $85.1M Reduce -7.0%
GE General Electric filed as GE AEROSPACE 0.26% 435,953 $82.2M Reduce -76.0%
CSCO Cisco Systems Inc. 0.26% 1,537,231 $81.8M Reduce -4.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.25% 2,047,222 $81.2M Add +44.5%
VZ Verizon Communications Inc. 0.24% 1,711,589 $76.9M Reduce -0.1%
GPRE Green Plains Inc. 0.24% 5,650,294 $76.5M Reduce -6.9%
NVS Novartis AG-Sponsored ADR 0.24% 665,019 $76.5M Reduce -14.7%
JPM JPMorgan Chase & Co. 0.23% 342,478 $72.2M Reduce -10.4%
COP Conocophillips 0.22% 677,189 $71.3M Reduce -19.4%
STM Stmicroelectronics NV-NY SHS 0.22% 2,324,804 $69.1M Reduce -13.1%
FSLR First Solar Inc. 0.21% 269,792 $67.3M Reduce -3.9%
CMCSA Comcast Corp. Class A 0.21% 1,598,928 $66.8M Reduce -1.6%
C Citigroup Inc. 0.21% 1,061,167 $66.4M Reduce -5.8%
XOM Exxon Mobil Corp. 0.20% 546,117 $64.0M Add +18.7%
PFE Pfizer Inc. 0.20% 2,211,853 $64.0M Reduce -15.6%
NXE Nexgen Energy Ltd. 0.20% 9,782,959 $63.9M Reduce -20.0%
LOGI Logitech International-Reg 0.20% 699,428 $62.7M Reduce -9.1%
FCX Freeport-McMoran Inc. 0.19% 1,220,783 $60.9M Add +30.7%
STLA Stellantis NV 0.19% 4,366,882 $60.5M Reduce -31.2%
PG The Procter & Gamble Co. 0.19% 348,253 $60.3M Add +79.3%
CVX Chevron Corp. 0.19% 404,823 $59.6M Reduce -1.6%
HMC Honda Motor Co. Ltd.-Spons ADR 0.19% 1,874,174 $59.5M Reduce -7.2%
CTVA Corteva Inc. 0.18% 990,665 $58.2M Reduce -10.7%
EBAY eBay Inc. 0.18% 885,484 $57.7M Reduce -12.9%
COF Capital One Financial Corp. 0.18% 383,956 $57.5M Reduce -1.2%
INTC Intel Corp. 0.18% 2,447,121 $57.4M Add +17.6%
CVS CVS Health Corp. 0.18% 894,320 $56.2M Add +0.5%
ACI Albertsons Cos Inc. Class A 0.17% 3,006,104 $55.6M Add +24.9%
YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA 0.17% 2,606,942 $55.3M Add +32.9%
BWA Borgwarner Inc. 0.17% 1,520,743 $55.2M Reduce -5.7%
CLNE Clean Energy Fuels Corp. 0.17% 17,639,323 $54.9M Reduce -7.5%
REGN Regeneron Pharmaceuticals 0.17% 51,997 $54.7M Reduce -9.2%
HPQ HP Inc. 0.17% 1,520,504 $54.5M Reduce -3.1%
ENPH Enphase Energy Inc. 0.17% 481,748 $54.4M Reduce -3.4%
DB Deutsche Bank AG-Registered 0.17% 3,133,471 $54.2M Add +3.5%
ON On Semiconductor 0.17% 744,380 $54.0M Add +61.8%
ARRY Array Technologies Inc. 0.17% 8,138,112 $53.7M Add +72.4%
AGCO Agco Corp. 0.16% 536,615 $52.5M Reduce -6.0%
HES Hess Corp. 0.16% 385,072 $52.3M Add +24.7%
DFS Discover Financial Services 0.16% 371,493 $52.1M Reduce -6.0%
CTSH Cognizant Tech Solutions-A 0.16% 675,232 $52.1M Add +1.3%
ACLS Axcelis Technologies Inc. 0.16% 495,971 $52.0M Add +76.5%
VIST Vista Energy Sab DE CV 0.16% 1,161,608 $51.3M Add +25.5%
PYPL PayPal Holdings Inc. 0.16% 650,957 $50.8M Reduce -21.1%
GOOG Alphabet Inc. Class C 0.16% 299,911 $50.1M Add +18.4%
SYF Synchrony Financial 0.16% 1,004,365 $50.1M Reduce -3.6%
GM General Motors Co. 0.16% 1,115,196 $50.0M Add +4.3%
HPE Hewlett Packard Enterprise 0.16% 2,429,232 $49.7M Add +3.8%
CRC California Resources Corp. 0.15% 937,279 $49.2M Reduce -19.1%
F Ford Motor Co. filed as FORD MTR CO 0.15% 4,645,406 $49.1M Add +15.9%
WFG West Fraser Timber Co. Ltd. 0.15% 502,423 $49.0M Reduce -7.9%
ALB Albemarle Corp. 0.15% 515,998 $48.9M Add +527.7%
GS Goldman Sachs Group Inc. 0.15% 98,528 $48.8M Reduce -0.6%
GMED Globus Medical Inc. Class A 0.15% 673,478 $48.2M Add +14.9%
ARMK Aramark 0.15% 1,217,350 $47.1M Add +78.3%
X United States Steel Corp. 0.15% 1,319,011 $46.6M Add +13.0%
HLI Houlihan Lokey Inc. 0.15% 293,981 $46.5M Add +7.0%
NYT New York Times Co. Class A 0.14% 828,426 $46.1M Add +7.0%
KHC The Kraft Heinz Co. 0.14% 1,286,801 $45.2M Add +5.0%
NTR Nutrien Ltd. 0.14% 925,140 $44.5M Add +101.0%
CNC Centene Corp. 0.14% 587,596 $44.2M Reduce -6.3%

Show all 559 holdings

Portfolio Sells Q2 2024 → Q3 2024
AXP American Express Co. Reduce -92.2% 0.08% −0.90
GE General Electric Reduce -76.0% 0.26% −0.72
KLAC KLA Corp. Reduce -20.6% 1.34% −0.59
UNH Unitedhealth Group Inc. Reduce -14.7% 3.10% −0.31
LLY Eli Lilly & Co. Reduce -8.8% 1.19% −0.25
STLA Stellantis NV Reduce -31.2% 0.19% −0.23
DAR Darling Ingredients Inc. Reduce -16.9% 0.60% −0.17
UL Unilever PLC Reduce -82.1% 0.04% −0.15
STM Stmicroelectronics NV-NY SHS Reduce -13.1% 0.22% −0.14
TEVA Teva Pharmaceutical-SP ADR Reduce -99.1% 0.00% −0.11
COP Conocophillips Reduce -19.4% 0.22% −0.10
NXE Nexgen Energy Ltd. Reduce -20.0% 0.20% −0.09
GPRE Green Plains Inc. Reduce -6.9% 0.24% −0.09
BLD Topbuild Corp. Sold out 0.00% −0.08
VLO Valero Energy Corp. Reduce -80.1% 0.02% −0.08
TEL Te Connectivity PLC Reduce -60.8% 0.04% −0.07
MMM 3M Co. Reduce -67.7% 0.05% −0.07
ETSY Etsy Inc. Reduce -92.2% 0.01% −0.07
CERE Cerevel Therapeutics Holding Sold out 0.00% −0.07
ST Sensata Technologies Holdplc Sold out 0.00% −0.07
FN Fabrinet Reduce -70.5% 0.02% −0.06
WRK Westrock Co. Sold out 0.00% −0.06
QCOM Qualcomm Inc. Reduce -48.4% 0.04% −0.06
LOGI Logitech International-Reg Reduce -9.1% 0.20% −0.06
CRC California Resources Corp. Reduce -19.1% 0.15% −0.05
MEDP Medpace Holdings Inc. Sold out 0.00% −0.05
SBOW Silverbow Resources Inc. Sold out 0.00% −0.05
FNF Fidelity National Financial Reduce -60.7% 0.04% −0.05
HUM Humana Inc. Reduce -69.3% 0.02% −0.05
TSN Tyson Foods Inc. Class A Reduce -52.0% 0.04% −0.05
PFE Pfizer Inc. Reduce -15.6% 0.20% −0.05
AFL Aflac Inc. Reduce -94.4% 0.00% −0.04
SWN Southwestern Energy Co. Sold out 0.00% −0.04
NVS Novartis AG-Sponsored ADR Reduce -14.7% 0.24% −0.04
PCH Potlatchdeltic Corp. Reduce -53.4% 0.04% −0.04
GILD Gilead Sciences Inc. Reduce -74.0% 0.02% −0.04
CLS Celestica Inc. Reduce -13.8% 0.09% −0.04
CLF Cleveland-Cliffs Inc. Reduce -22.4% 0.05% −0.04
JPM JPMorgan Chase & Co. Reduce -10.4% 0.23% −0.03
MU Micron Technology Inc. Reduce -30.2% 0.04% −0.03
VZIO Vizio Holding Corp. Class A Sold out 0.00% −0.03
C Citigroup Inc. Reduce -5.8% 0.21% −0.03
HMC Honda Motor Co. Ltd.-Spons ADR Reduce -7.2% 0.19% −0.03
BMY Bristol-Myers Squibb Co. Reduce -54.4% 0.04% −0.03
DO Diamond Offshore Drilling Inc. Sold out 0.00% −0.03
MGRC McGrath Rentcorp Reduce -28.3% 0.06% −0.03
CRUS Cirrus Logic Inc. Reduce -14.5% 0.11% −0.03
ALTM Arcadium Lithium PLC Reduce -8.2% 0.08% −0.03
ASX Ase Technology Holding -ADR Reduce -38.2% 0.03% −0.03
REGN Regeneron Pharmaceuticals Reduce -9.2% 0.17% −0.03

Portfolio Buys Q2 2024 → Q3 2024
V Visa Inc. Class A Add +66.1% 2.52% +0.96
HLT Hilton Worldwide Holdings Inc. Add +108.9% 1.18% +0.60
ABT Abbott Laboratories Add +22.8% 2.54% +0.51
ORCL Oracle Corp. Add +5.7% 3.21% +0.50
META Meta Platforms Inc. Class A Add +6.3% 4.21% +0.45
AAPL Apple Inc. Add +5.4% 4.63% +0.35
ACN Accenture PLC Class A Add +7.5% 2.42% +0.34
CI The Cigna Group Add +26.6% 1.54% +0.29
ELV Elevance Health Inc. Add +24.8% 2.75% +0.28
JNJ Johnson & Johnson Add +4.5% 3.20% +0.22
USB US Bancorp Add +6.0% 1.84% +0.22
ISRG Intuitive Surgical Inc. Add +5.1% 2.31% +0.17
ALB Albemarle Corp. Add +527.7% 0.15% +0.13
AGR Avangrid Inc. New 0.11% +0.11
DGX Quest Diagnostics Inc. Add +5.4% 1.09% +0.11
STZ Constellation Brands Inc. Class A Add +16.0% 1.39% +0.10
CRM Salesforce Inc. Add +6.6% 1.94% +0.10
IBP Installed Building Products New 0.10% +0.10
VOD Vodafone Group PLC-SP ADR Add +27.3% 0.39% +0.10
TXN Texas Instruments Inc. Add +5.1% 2.75% +0.09
APD Air Products & Chemicals Inc. New 0.09% +0.09
OTIS Otis Worldwide Corp. Add +5.3% 1.66% +0.09
TMO Thermo Fisher Scientific Inc. Add +6.8% 0.88% +0.09
TJX TJX Companies Inc. Add +5.2% 2.10% +0.08
PG The Procter & Gamble Co. Add +79.3% 0.19% +0.08
K Kellanova New 0.08% +0.08
SQM Quimica Y Minera Chil-SP ADR Add +28.8% 0.41% +0.07
ARMK Aramark Add +78.3% 0.15% +0.07
GSK GSK PLC-Spon ADR Add +17.9% 0.47% +0.07
BAC Bank of America Corp. Add +44.5% 0.25% +0.06
ON On Semiconductor Add +61.8% 0.17% +0.06
NTR Nutrien Ltd. Add +101.0% 0.14% +0.06
MGA Magna International Inc. Add +108.3% 0.12% +0.06
AVGO Broadcom Inc. Add +95.2% 0.12% +0.06
XYZ Block Inc. Add +303.1% 0.07% +0.05
BTI British American Tob-SP ADR New 0.05% +0.05
OTEX Open Text Corp. Add +183.7% 0.07% +0.05
EVRI Everi Holdings Inc. New 0.05% +0.05
JNPR Juniper Networks Inc. New 0.04% +0.04
ESGR Enstar Group Ltd. New 0.04% +0.04
LBRDK Liberty Broadband-C Add +20.8% 0.12% +0.04
AMED Amedisys Inc. New 0.04% +0.04
BBWI Bath & Body Works Inc. New 0.04% +0.04
YPF YPF S.A.-Sponsored ADR Add +32.9% 0.17% +0.04
MRO Marathon Oil Corp. Add +69.2% 0.12% +0.04
FCX Freeport-McMoran Inc. Add +30.7% 0.19% +0.04
NEOG Neogen Corp. Add +50.7% 0.11% +0.04
AY Atlantica Sustainable Infras Add +80.3% 0.09% +0.04
NICE Nice Ltd. - Spon ADR New 0.04% +0.04
SOLV Solventum Corp. Add +17.4% 0.12% +0.04

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