GMO
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Jeremy Grantham's GMO reported 570 stock positions worth $30.7 billion. Its top holding was Microsoft (MSFT) at 5.4% of the portfolio, followed by Apple (AAPL, 5.1%) and Alphabet Class A (GOOGL, 4.5%). Compared with Q3 2024, it opened 72 new positions, sold out of 61, added to 203 and reduced 259. The biggest buy was Thermo Fisher Scientific (TMO, shares +141%) and the biggest sale Coca-Cola (KO, shares −18%).
- Most Recent 13F
- Q2 2026
- Notable People
- Jeremy Grantham
- Location
- Boston, MA
- CIK
- 0001352662
- Portfolio Value
- $30.7B (Q4 2024)
- SEC Filing
- 0001072613-25-000109 ↗ filed Feb 13, 2025
Holdings Value
Holdings 570 stocks · $30.7B
| MSFT Microsoft Corp. | 5.37% | 3,916,877 | $1.7B | Reduce -2.1% |
| AAPL Apple Inc. | 5.14% | 6,313,992 | $1.6B | Reduce -0.4% |
| GOOGL Alphabet Inc. Class A | 4.55% | 7,381,918 | $1.4B | Add +0.7% |
| META Meta Platforms Inc. Class A | 4.23% | 2,222,257 | $1.3B | Reduce -5.3% |
| UNH Unitedhealth Group Inc. | 3.41% | 2,070,968 | $1.0B | Add +22.5% |
| ORCL Oracle Corp. | 3.19% | 5,881,993 | $980.2M | Reduce -2.3% |
| V Visa Inc. Class A | 3.04% | 2,956,929 | $934.5M | Add +1.2% |
| JNJ Johnson & Johnson | 2.99% | 6,360,243 | $919.8M | Add +1.1% |
| ABT Abbott Laboratories | 2.91% | 7,896,939 | $893.2M | Add +11.1% |
| TXN Texas Instruments Inc. | 2.62% | 4,289,156 | $804.3M | Add +1.0% |
| ACN Accenture PLC Class A | 2.55% | 2,231,287 | $784.9M | Add +2.1% |
| CRM Salesforce Inc. | 2.42% | 2,222,913 | $743.2M | Reduce -1.6% |
| ELV Elevance Health Inc. | 2.40% | 2,000,660 | $738.0M | Add +18.8% |
| AMZN Amazon.com Inc. | 2.30% | 3,216,603 | $705.7M | Reduce -9.5% |
| USB US Bancorp | 2.01% | 12,935,847 | $618.7M | Add +0.9% |
| MRK Merck & Co. Inc. | 2.00% | 6,165,271 | $613.3M | Add +4.3% |
| WFC Wells Fargo & Co. | 1.99% | 8,729,358 | $613.2M | Reduce -11.4% |
| KO The Coca-Cola Co. | 1.92% | 9,460,668 | $589.0M | Reduce -18.3% |
| LRCX Lam Research Corp. | 1.90% | 8,097,665 | $584.9M | No change |
| TMO Thermo Fisher Scientific Inc. | 1.85% | 1,093,866 | $569.1M | Add +140.7% |
| ISRG Intuitive Surgical Inc. | 1.81% | 1,063,470 | $555.1M | Reduce -29.0% |
| STZ Constellation Brands Inc. Class A | 1.76% | 2,454,258 | $542.4M | Add +42.9% |
| HLT Hilton Worldwide Holdings Inc. | 1.59% | 1,983,220 | $490.2M | Add +21.5% |
| OTIS Otis Worldwide Corp. | 1.55% | 5,159,105 | $477.8M | Add +1.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.48% | 3,773,923 | $455.9M | Reduce -33.7% |
| CI The Cigna Group | 1.33% | 1,478,767 | $408.3M | Add +3.9% |
| KLAC KLA Corp. | 1.12% | 547,359 | $344.9M | Reduce -0.7% |
| DGX Quest Diagnostics Inc. | 1.11% | 2,268,990 | $342.3M | Add +1.2% |
| LLY Eli Lilly & Co. | 1.09% | 435,232 | $336.0M | Add +1.5% |
| PR Permian Resources Corp. Class A | 0.50% | 10,630,626 | $152.9M | No change |
| DAR Darling Ingredients Inc. | 0.47% | 4,273,193 | $144.0M | Reduce -17.4% |
| GSK GSK PLC-Spon ADR | 0.46% | 4,153,616 | $140.5M | Add +12.1% |
| IVV iShares Core S&P 500 ETF | 0.42% | 218,200 | $128.4M | New |
| VOD Vodafone Group PLC-SP ADR | 0.40% | 14,598,375 | $123.9M | Add +18.1% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 0.39% | 3,302,897 | $120.1M | Add +5.7% |
| MFC Manulife Financial Corp. | 0.38% | 3,850,803 | $118.2M | Reduce -10.8% |
| KOS Kosmos Energy Ltd. | 0.36% | 32,627,567 | $111.6M | Add +22.1% |
| RUN Sunrun Inc. | 0.32% | 10,622,430 | $98.3M | Reduce -4.5% |
| AMRC Ameresco Inc. Class A | 0.31% | 4,031,124 | $94.7M | Reduce -4.2% |
| DB Deutsche Bank AG-Registered | 0.30% | 5,400,467 | $93.1M | Add +72.3% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 0.25% | 1,843,178 | $78.4M | Reduce -29.3% |
| GE General Electric filed as GE AEROSPACE | 0.25% | 457,321 | $76.3M | Add +4.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.24% | 330,772 | $72.7M | Reduce -14.1% |
| PFE Pfizer Inc. | 0.23% | 2,676,738 | $71.0M | Add +21.0% |
| VZ Verizon Communications Inc. | 0.22% | 1,708,848 | $68.3M | Reduce -0.2% |
| ARRY Array Technologies Inc. | 0.22% | 11,158,312 | $67.4M | Add +37.1% |
| SEDG Solaredge Technologies Inc. | 0.22% | 4,953,698 | $67.4M | Add +14.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.22% | 1,532,028 | $67.3M | Reduce -25.2% |
| VIST Vista Energy Sab DE CV | 0.22% | 1,234,108 | $66.8M | Add +6.2% |
| C Citigroup Inc. | 0.21% | 907,166 | $63.9M | Reduce -14.5% |
| STLA Stellantis NV | 0.19% | 4,529,083 | $59.0M | Add +3.7% |
| CMCSA Comcast Corp. Class A | 0.19% | 1,545,328 | $58.0M | Reduce -3.4% |
| FCX Freeport-McMoran Inc. | 0.18% | 1,485,383 | $56.6M | Add +21.7% |
| NVS Novartis AG-Sponsored ADR | 0.18% | 577,901 | $56.2M | Reduce -13.1% |
| HES Hess Corp. | 0.18% | 407,618 | $54.2M | Add +5.9% |
| PG The Procter & Gamble Co. | 0.18% | 321,936 | $54.0M | Reduce -7.6% |
| GM General Motors Co. | 0.18% | 1,012,372 | $53.9M | Reduce -9.2% |
| ACLS Axcelis Technologies Inc. | 0.17% | 764,069 | $53.4M | Add +54.1% |
| ALB Albemarle Corp. | 0.17% | 612,998 | $52.8M | Add +18.8% |
| CSCO Cisco Systems Inc. | 0.17% | 890,797 | $52.7M | Reduce -42.0% |
| AVGO Broadcom Inc. | 0.17% | 227,074 | $52.6M | Add +5.7% |
| ARMK Aramark | 0.17% | 1,406,351 | $52.5M | Add +15.5% |
| EBAY eBay Inc. | 0.17% | 834,090 | $51.7M | Reduce -5.8% |
| JPM JPMorgan Chase & Co. | 0.16% | 210,309 | $50.4M | Reduce -38.6% |
| COF Capital One Financial Corp. | 0.16% | 282,500 | $50.4M | Reduce -26.4% |
| CTVA Corteva Inc. | 0.16% | 878,065 | $50.0M | Reduce -11.4% |
| CVX Chevron Corp. | 0.16% | 343,811 | $49.8M | Reduce -15.1% |
| GPRE Green Plains Inc. | 0.16% | 5,249,273 | $49.8M | Reduce -7.1% |
| BTI British American Tob-SP ADR | 0.16% | 1,369,751 | $49.7M | Add +202.8% |
| PYPL PayPal Holdings Inc. | 0.16% | 579,190 | $49.4M | Reduce -11.0% |
| CTSH Cognizant Tech Solutions-A | 0.16% | 634,347 | $48.8M | Reduce -6.0% |
| DFS Discover Financial Services | 0.16% | 277,394 | $48.1M | Reduce -25.3% |
| NYT New York Times Co. Class A | 0.15% | 908,643 | $47.3M | Add +9.7% |
| INTC Intel Corp. | 0.15% | 2,355,779 | $47.2M | Reduce -3.7% |
| FSLR First Solar Inc. | 0.15% | 267,516 | $47.1M | Reduce -0.8% |
| HPE Hewlett Packard Enterprise | 0.15% | 2,180,399 | $46.6M | Reduce -10.2% |
| XOM Exxon Mobil Corp. | 0.15% | 432,196 | $46.5M | Reduce -20.9% |
| CIEN Ciena Corp. | 0.15% | 543,556 | $46.1M | Reduce -17.4% |
| CRC California Resources Corp. | 0.15% | 882,879 | $45.8M | Reduce -5.8% |
| SYF Synchrony Financial | 0.15% | 703,947 | $45.8M | Reduce -29.9% |
| ZM Zoom Communications Inc. | 0.15% | 558,539 | $45.6M | Reduce -9.3% |
| REGN Regeneron Pharmaceuticals | 0.15% | 62,979 | $44.9M | Add +21.1% |
| ON On Semiconductor | 0.15% | 709,652 | $44.7M | Reduce -4.7% |
| STM Stmicroelectronics NV-NY SHS | 0.14% | 1,785,535 | $44.6M | Reduce -23.2% |
| HPQ HP Inc. | 0.14% | 1,363,564 | $44.5M | Reduce -10.3% |
| HMC Honda Motor Co. Ltd.-Spons ADR | 0.14% | 1,547,694 | $44.2M | Reduce -17.4% |
| MGA Magna International Inc. | 0.14% | 1,045,633 | $43.7M | Add +8.3% |
| F Ford Motor Co. filed as FORD MTR CO | 0.14% | 4,396,555 | $43.5M | Reduce -5.4% |
| NXE Nexgen Energy Ltd. | 0.14% | 6,595,459 | $43.5M | Reduce -32.6% |
| GOLF Acushnet Holdings Corp. | 0.14% | 610,338 | $43.4M | Reduce -7.5% |
| ATR Aptargroup Inc. | 0.14% | 273,545 | $43.0M | Add +4.0% |
| ACI Albertsons Cos Inc. Class A | 0.14% | 2,186,313 | $42.9M | Reduce -27.3% |
| AGCO Agco Corp. | 0.14% | 444,209 | $41.5M | Reduce -17.2% |
| GMED Globus Medical Inc. Class A | 0.13% | 500,484 | $41.4M | Reduce -25.7% |
| LSTR Landstar System Inc. | 0.13% | 240,169 | $41.3M | Add +4.8% |
| CLNE Clean Energy Fuels Corp. | 0.13% | 16,395,223 | $41.2M | Reduce -7.0% |
| NTR Nutrien Ltd. | 0.13% | 916,561 | $41.0M | Reduce -0.9% |
| CRUS Cirrus Logic Inc. | 0.13% | 411,508 | $41.0M | Add +44.6% |
| STEP Stepstone Group Inc. Class A | 0.13% | 702,767 | $40.7M | Add +4.2% |
| CNC Centene Corp. | 0.13% | 670,874 | $40.6M | Add +14.2% |
Portfolio Sells Q3 2024 → Q4 2024
| KO The Coca-Cola Co. | Reduce -18.3% | 1.92% | −0.69 |
| TJX TJX Companies Inc. | Reduce -33.7% | 1.48% | −0.61 |
| ISRG Intuitive Surgical Inc. | Reduce -29.0% | 1.81% | −0.50 |
| RUN Sunrun Inc. | Reduce -4.5% | 0.32% | −0.31 |
| KLAC KLA Corp. | Reduce -0.7% | 1.12% | −0.22 |
| AMRC Ameresco Inc. Class A | Reduce -4.2% | 0.31% | −0.19 |
| COP Conocophillips | Reduce -59.2% | 0.09% | −0.13 |
| DAR Darling Ingredients Inc. | Reduce -17.4% | 0.47% | −0.13 |
| MRO Marathon Oil Corp. | Sold out | 0.00% | −0.12 |
| AGR Avangrid Inc. | Sold out | 0.00% | −0.11 |
| AY Atlantica Sustainable Infras | Sold out | 0.00% | −0.09 |
| CSCO Cisco Systems Inc. | Reduce -42.0% | 0.17% | −0.08 |
| ALTM Arcadium Lithium PLC | Sold out | 0.00% | −0.08 |
| GOOG Alphabet Inc. Class C | Reduce -58.0% | 0.08% | −0.08 |
| GPRE Green Plains Inc. | Reduce -7.1% | 0.16% | −0.08 |
| STM Stmicroelectronics NV-NY SHS | Reduce -23.2% | 0.14% | −0.07 |
| LOGI Logitech International-Reg | Reduce -30.8% | 0.13% | −0.07 |
| CTLT Catalent Inc. | Sold out | 0.00% | −0.07 |
| MGRC McGrath Rentcorp | Sold out | 0.00% | −0.06 |
| CVS CVS Health Corp. | Reduce -13.3% | 0.11% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -38.6% | 0.16% | −0.06 |
| NXE Nexgen Energy Ltd. | Reduce -32.6% | 0.14% | −0.06 |
| CHX Championx Corp. | Sold out | 0.00% | −0.06 |
| FSLR First Solar Inc. | Reduce -0.8% | 0.15% | −0.06 |
| NVS Novartis AG-Sponsored ADR | Reduce -13.1% | 0.18% | −0.06 |
| BWA Borgwarner Inc. | Reduce -24.2% | 0.12% | −0.05 |
| CLF Cleveland-Cliffs Inc. | Sold out | 0.00% | −0.05 |
| AKAM Akamai Technologies Inc. | Reduce -57.7% | 0.04% | −0.05 |
| X United States Steel Corp. | Reduce -36.0% | 0.09% | −0.05 |
| TECK Teck Resources Ltd.-CLS B | Reduce -36.1% | 0.06% | −0.05 |
| AAON Aaon Inc. | Reduce -46.2% | 0.08% | −0.05 |
| XOM Exxon Mobil Corp. | Reduce -20.9% | 0.15% | −0.05 |
| NVEI Nuvei Corp.-Subordinate VTG | Sold out | 0.00% | −0.05 |
| KMI Kinder Morgan Inc. | Reduce -67.5% | 0.03% | −0.05 |
| CW Curtiss-Wright Corp. | Reduce -64.3% | 0.03% | −0.05 |
| HLI Houlihan Lokey Inc. | Reduce -39.4% | 0.10% | −0.04 |
| AMED Amedisys Inc. | Sold out | 0.00% | −0.04 |
| HMC Honda Motor Co. Ltd.-Spons ADR | Reduce -17.4% | 0.14% | −0.04 |
| EDR Endeavor Group Hold Class A | Sold out | 0.00% | −0.04 |
| WFG West Fraser Timber Co. Ltd. | Reduce -21.0% | 0.11% | −0.04 |
| BIO Bio-Rad Laboratories-A | Reduce -48.3% | 0.05% | −0.04 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -69.5% | 0.02% | −0.04 |
| GS Goldman Sachs Group Inc. | Reduce -38.3% | 0.11% | −0.04 |
| FNF Fidelity National Financial | Reduce -89.8% | 0.00% | −0.04 |
| CLNE Clean Energy Fuels Corp. | Reduce -7.0% | 0.13% | −0.04 |
| BLDR Builders Firstsource Inc. | Reduce -10.0% | 0.08% | −0.04 |
| CM Can Imperial BK of Commerce | Reduce -74.4% | 0.01% | −0.04 |
| STLD Steel Dynamics Inc. | Reduce -22.9% | 0.10% | −0.04 |
| BAC Bank of America Corp. | Reduce -25.2% | 0.22% | −0.04 |
| APD Air Products & Chemicals Inc. | Reduce -41.0% | 0.05% | −0.04 |
Portfolio Buys Q3 2024 → Q4 2024
| TMO Thermo Fisher Scientific Inc. | Add +140.7% | 1.85% | +0.97 |
| GOOGL Alphabet Inc. Class A | Add +0.7% | 4.55% | +0.74 |
| V Visa Inc. Class A | Add +1.2% | 3.04% | +0.52 |
| IVV iShares Core S&P 500 ETF | New | 0.42% | +0.42 |
| HLT Hilton Worldwide Holdings Inc. | Add +21.5% | 1.59% | +0.42 |
| STZ Constellation Brands Inc. Class A | Add +42.9% | 1.76% | +0.38 |
| ABT Abbott Laboratories | Add +11.1% | 2.91% | +0.37 |
| UNH Unitedhealth Group Inc. | Add +22.5% | 3.41% | +0.31 |
| USB US Bancorp | Add +0.9% | 2.01% | +0.18 |
| DB Deutsche Bank AG-Registered | Add +72.3% | 0.30% | +0.13 |
| ACN Accenture PLC Class A | Add +2.1% | 2.55% | +0.13 |
| BTI British American Tob-SP ADR | Add +202.8% | 0.16% | +0.11 |
| ARCH Arch Resources Inc. | New | 0.08% | +0.08 |
| MRNA Moderna Inc. | New | 0.07% | +0.07 |
| SILV Silvercrest Metals Inc. | New | 0.07% | +0.07 |
| FYBR Frontier Communications Pare | New | 0.07% | +0.07 |
| VICI Vici Properties Inc. | Add +3401.5% | 0.06% | +0.06 |
| VIST Vista Energy Sab DE CV | Add +6.2% | 0.22% | +0.06 |
| AVGO Broadcom Inc. | Add +5.7% | 0.17% | +0.06 |
| ATSG Air Transport Services Group | New | 0.05% | +0.05 |
| DHI D.R. Horton Inc. | Add +150.1% | 0.11% | +0.05 |
| ARRY Array Technologies Inc. | Add +37.1% | 0.22% | +0.05 |
| MMM 3M Co. | Add +107.3% | 0.10% | +0.05 |
| QCOM Qualcomm Inc. | Add +144.2% | 0.09% | +0.05 |
| JD Jd.com Inc.-ADR | Add +131.1% | 0.10% | +0.05 |
| LEN Lennar Corp. Class A | Add +138.9% | 0.11% | +0.05 |
| MU Micron Technology Inc. | Add +171.6% | 0.08% | +0.05 |
| OTEX Open Text Corp. | Add +84.3% | 0.12% | +0.05 |
| OMC Omnicom Group | New | 0.04% | +0.04 |
| APTV Aptiv PLC | Add +182.9% | 0.06% | +0.04 |
| ACGL Arch Capital Group Ltd. | Add +106.2% | 0.08% | +0.04 |
| EOG EOG Resources Inc. | Add +34.6% | 0.12% | +0.03 |
| ALTR Altair Engineering Inc. Class A | New | 0.03% | +0.03 |
| BARNES GROUP INC | New | 0.03% | +0.03 |
| PFE Pfizer Inc. | Add +21.0% | 0.23% | +0.03 |
| KOS Kosmos Energy Ltd. | Add +22.1% | 0.36% | +0.03 |
| EFOR Everforth Inc. | Add +35.0% | 0.12% | +0.03 |
| PNC PNC Financial Services Group | Add +671.8% | 0.03% | +0.02 |
| PHM Pultegroup Inc. | Add +68.5% | 0.10% | +0.02 |
| OLED Universal Display Corp. | Add +95.5% | 0.08% | +0.02 |
| DG Dollar General Corp. | Add +155.2% | 0.04% | +0.02 |
| JNPR Juniper Networks Inc. | Add +52.4% | 0.07% | +0.02 |
| ARMK Aramark | Add +15.5% | 0.17% | +0.02 |
| CRUS Cirrus Logic Inc. | Add +44.6% | 0.13% | +0.02 |
| DGX Quest Diagnostics Inc. | Add +1.2% | 1.11% | +0.02 |
| WWD Woodward Inc. | Add +30.0% | 0.09% | +0.02 |
| K Kellanova | Add +22.5% | 0.10% | +0.02 |
| BN Brookfield Corp. | Add +17.4% | 0.08% | +0.02 |
| ED Consolidated Edison Inc. | New | 0.02% | +0.02 |
| MEDP Medpace Holdings Inc. | New | 0.02% | +0.02 |
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 |