GMO
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Jeremy Grantham's GMO reported 604 stock positions worth $33.1 billion. Its top holding was Microsoft (MSFT) at 7.3% of the portfolio, followed by Meta Platforms Class A (META, 5.0%) and Alphabet Class A (GOOGL, 4.2%). Compared with Q1 2025, it opened 86 new positions, sold out of 97, added to 190 and reduced 272. The biggest buy was Microsoft (MSFT, shares +2%) and the biggest sale Otis Worldwide (OTIS, shares −100%).
- Most Recent 13F
- Q2 2026
- Notable People
- Jeremy Grantham
- Location
- Boston, MA
- CIK
- 0001352662
- Portfolio Value
- $33.1B (Q2 2025)
- SEC Filing
- 0001072613-25-000542 ↗ filed Aug 13, 2025
Holdings Value
Holdings 604 stocks · $33.1B
| MSFT Microsoft Corp. | 7.31% | 4,859,939 | $2.4B | Add +1.6% |
| META Meta Platforms Inc. Class A | 4.97% | 2,226,027 | $1.6B | Add +7.8% |
| GOOGL Alphabet Inc. Class A | 4.19% | 7,853,396 | $1.4B | Add +0.3% |
| ORCL Oracle Corp. | 3.78% | 5,708,423 | $1.2B | Reduce -5.9% |
| AAPL Apple Inc. | 3.71% | 5,974,046 | $1.2B | Reduce -10.6% |
| ABT Abbott Laboratories | 3.22% | 7,814,538 | $1.1B | Reduce -3.6% |
| JNJ Johnson & Johnson | 3.03% | 6,554,431 | $1.0B | Reduce -3.8% |
| TXN Texas Instruments Inc. | 2.90% | 4,615,305 | $958.2M | Add +1.4% |
| LRCX Lam Research Corp. | 2.85% | 9,677,640 | $942.0M | Add +12.6% |
| V Visa Inc. Class A | 2.61% | 2,426,068 | $861.4M | Reduce -18.4% |
| AVGO Broadcom Inc. | 2.55% | 3,063,199 | $844.4M | Add +76.1% |
| CRM Salesforce Inc. | 2.44% | 2,957,475 | $806.5M | Add +10.9% |
| ELV Elevance Health Inc. | 2.40% | 2,040,110 | $793.5M | Reduce -5.5% |
| ACN Accenture PLC Class A | 2.40% | 2,648,564 | $791.6M | Add +8.6% |
| AMZN Amazon.com Inc. | 2.39% | 3,605,807 | $791.1M | Add +4.9% |
| TMO Thermo Fisher Scientific Inc. | 2.27% | 1,851,305 | $750.6M | Add +27.1% |
| USB US Bancorp | 2.27% | 16,569,422 | $749.8M | Add +3.7% |
| WFC Wells Fargo & Co. | 2.05% | 8,469,766 | $678.6M | Add +1.1% |
| UNH Unitedhealth Group Inc. | 2.02% | 2,141,448 | $668.1M | Reduce -3.7% |
| STZ Constellation Brands Inc. Class A | 1.81% | 3,675,855 | $598.0M | Add +39.6% |
| ISRG Intuitive Surgical Inc. | 1.79% | 1,089,281 | $591.9M | Add +1.4% |
| HLT Hilton Worldwide Holdings Inc. | 1.61% | 1,996,049 | $531.6M | Add +1.8% |
| MRK Merck & Co. Inc. | 1.55% | 6,469,573 | $512.1M | Reduce -3.3% |
| CI The Cigna Group | 1.54% | 1,543,978 | $510.4M | Reduce -2.8% |
| UBER Uber Technologies Inc. | 1.53% | 5,427,836 | $506.4M | Add +20.5% |
| KLAC KLA Corp. | 1.53% | 565,053 | $506.1M | Add +2.1% |
| KO The Coca-Cola Co. | 1.50% | 7,031,210 | $497.5M | Reduce -8.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.36% | 3,647,196 | $450.4M | Reduce -3.5% |
| LLY Eli Lilly & Co. | 1.12% | 474,022 | $369.5M | Reduce -2.0% |
| DGX Quest Diagnostics Inc. | 0.95% | 1,747,952 | $314.0M | Reduce -12.9% |
| TW Tradeweb Markets Inc. Class A | 0.66% | 1,483,629 | $217.2M | New |
| DB Deutsche Bank AG-Registered | 0.44% | 4,945,265 | $146.1M | Reduce -13.4% |
| PR Permian Resources Corp. Class A | 0.44% | 10,634,826 | $144.8M | No change |
| DAR Darling Ingredients Inc. | 0.42% | 3,693,135 | $140.1M | Add +1.0% |
| VOD Vodafone Group PLC-SP ADR | 0.38% | 11,892,011 | $126.8M | Reduce -14.5% |
| BTI British American Tob-SP ADR | 0.36% | 2,482,106 | $117.5M | Add +1.5% |
| ARMK Aramark | 0.34% | 2,661,387 | $111.4M | Add +10.3% |
| GSK GSK PLC-Spon ADR | 0.30% | 2,601,575 | $99.9M | Add +21.5% |
| GE General Electric filed as GE AEROSPACE | 0.29% | 372,989 | $96.0M | Reduce -6.1% |
| MFC Manulife Financial Corp. | 0.29% | 3,001,953 | $95.9M | Reduce -19.1% |
| RUN Sunrun Inc. | 0.26% | 10,617,456 | $86.9M | Reduce -7.9% |
| SEDG Solaredge Technologies Inc. | 0.25% | 4,005,469 | $81.7M | Reduce -12.5% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 0.21% | 2,000,690 | $70.6M | Reduce -17.6% |
| VZ Verizon Communications Inc. | 0.21% | 1,568,952 | $67.9M | Reduce -13.1% |
| PG The Procter & Gamble Co. | 0.20% | 410,184 | $65.4M | Add +13.6% |
| FSLR First Solar Inc. | 0.20% | 394,467 | $65.3M | Add +10.0% |
| NXE Nexgen Energy Ltd. | 0.19% | 9,219,454 | $63.9M | Add +18.0% |
| NYT New York Times Co. Class A | 0.19% | 1,138,202 | $63.7M | Add +10.9% |
| KOS Kosmos Energy Ltd. | 0.19% | 36,820,267 | $63.3M | Reduce -7.7% |
| PFE Pfizer Inc. | 0.19% | 2,554,406 | $61.9M | Reduce -11.3% |
| ATR Aptargroup Inc. | 0.18% | 387,318 | $60.6M | Add +13.0% |
| CRC California Resources Corp. | 0.18% | 1,289,479 | $58.9M | Add +6.1% |
| CVS CVS Health Corp. | 0.18% | 852,225 | $58.8M | Reduce -9.5% |
| AMRC Ameresco Inc. Class A | 0.18% | 3,846,931 | $58.4M | No change |
| C Citigroup Inc. | 0.18% | 685,323 | $58.3M | Reduce -21.8% |
| JPM JPMorgan Chase & Co. | 0.17% | 198,928 | $57.7M | Reduce -17.0% |
| TD Toronto-Dominion Bank | 0.17% | 780,723 | $57.3M | Add +5.6% |
| CMCSA Comcast Corp. Class A | 0.17% | 1,582,179 | $56.5M | Reduce -11.9% |
| BCPC Balchem Corp. | 0.17% | 352,498 | $56.1M | Add +19.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.17% | 1,179,225 | $55.8M | Reduce -27.9% |
| ARRY Array Technologies Inc. | 0.17% | 9,403,672 | $55.5M | Reduce -7.1% |
| RIO Rio Tinto PLC-Spon ADR | 0.16% | 926,483 | $54.0M | Add +20.0% |
| CSCO Cisco Systems Inc. | 0.16% | 773,345 | $53.7M | Reduce -21.7% |
| WWD Woodward Inc. | 0.16% | 215,077 | $52.7M | Reduce -16.4% |
| ALB Albemarle Corp. | 0.16% | 835,806 | $52.4M | Add +6.0% |
| VIST Vista Energy Sab DE CV | 0.15% | 1,054,908 | $50.4M | Reduce -10.6% |
| ALLE Allegion PLC | 0.15% | 349,856 | $50.4M | Add +114.4% |
| MZTI The Marzetti Company filed as LANCASTER COLONY CORP | 0.15% | 289,100 | $49.9M | Add +5.1% |
| DLB Dolby Laboratories Inc. Class A | 0.15% | 667,738 | $49.6M | Add +36.6% |
| STM Stmicroelectronics NV-NY SHS | 0.14% | 1,564,189 | $47.6M | Reduce -27.0% |
| MDLZ Mondelez International Inc. Class A | 0.14% | 693,739 | $46.8M | Add +4.7% |
| FCN Fti Consulting Inc. | 0.14% | 286,176 | $46.2M | Add +30.9% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 0.14% | 1,469,078 | $46.2M | Reduce -10.5% |
| AAON Aaon Inc. | 0.14% | 623,811 | $46.0M | Add +73.1% |
| STLA Stellantis NV | 0.14% | 4,568,316 | $45.6M | Reduce -6.5% |
| GM General Motors Co. | 0.14% | 913,909 | $45.0M | Reduce -13.1% |
| COF Capital One Financial Corp. | 0.14% | 211,123 | $44.9M | Reduce -16.0% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.13% | 801,324 | $44.2M | Reduce -1.3% |
| HLI Houlihan Lokey Inc. | 0.13% | 240,486 | $43.3M | Add +5.3% |
| EBAY eBay Inc. | 0.13% | 579,424 | $43.1M | Reduce -31.1% |
| NVS Novartis AG-Sponsored ADR | 0.13% | 352,695 | $42.7M | Reduce -10.1% |
| GMED Globus Medical Inc. Class A | 0.13% | 721,781 | $42.6M | Add +22.5% |
| RBC RBC Bearings Inc. | 0.13% | 108,491 | $41.7M | Reduce -23.0% |
| CMI Cummins Inc. | 0.13% | 127,028 | $41.6M | Reduce -8.2% |
| PSMT Pricesmart Inc. | 0.12% | 391,603 | $41.1M | Add +11.0% |
| XOM Exxon Mobil Corp. | 0.12% | 376,096 | $40.5M | Reduce -19.2% |
| AZEK The Azek Co. Inc. | 0.12% | 745,471 | $40.5M | Add +41.0% |
| MASI Masimo Corp. | 0.12% | 240,563 | $40.5M | New |
| OLED Universal Display Corp. | 0.12% | 261,969 | $40.5M | Reduce -5.9% |
| BMY Bristol-Myers Squibb Co. | 0.12% | 870,304 | $40.3M | Add +401.9% |
| CTSH Cognizant Tech Solutions-A | 0.12% | 507,675 | $39.6M | Reduce -18.7% |
| PYPL PayPal Holdings Inc. | 0.12% | 532,498 | $39.6M | Reduce -24.8% |
| OTEX Open Text Corp. | 0.12% | 1,342,759 | $39.2M | Reduce -22.8% |
| CRUS Cirrus Logic Inc. | 0.12% | 370,348 | $38.6M | Reduce -10.7% |
| SYF Synchrony Financial | 0.12% | 576,544 | $38.5M | Reduce -29.5% |
| QCOM Qualcomm Inc. | 0.12% | 241,385 | $38.4M | Reduce -17.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.12% | 169,374 | $38.4M | Add +14.4% |
| LBRDK Liberty Broadband-C | 0.11% | 383,835 | $37.8M | Add +16.6% |
| BAH Booz Allen Hamilton Holdings | 0.11% | 358,447 | $37.3M | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.11% | 125,349 | $37.0M | Reduce -42.9% |
Options reported separately and not counted above: HYG puts ($131.6M), COOP puts ($24.1M), SUN puts ($21.2M), RKT puts ($189K).
Portfolio Sells Q1 2025 → Q2 2025
| OTIS Otis Worldwide Corp. | Reduce -99.8% | 0.00% | −1.77 |
| UNH Unitedhealth Group Inc. | Reduce -3.7% | 2.02% | −1.65 |
| AAPL Apple Inc. | Reduce -10.6% | 3.71% | −0.97 |
| V Visa Inc. Class A | Reduce -18.4% | 2.61% | −0.68 |
| ELV Elevance Health Inc. | Reduce -5.5% | 2.40% | −0.56 |
| JNJ Johnson & Johnson | Reduce -3.8% | 3.03% | −0.53 |
| MRK Merck & Co. Inc. | Reduce -3.3% | 1.55% | −0.34 |
| KO The Coca-Cola Co. | Reduce -8.2% | 1.50% | −0.22 |
| ABT Abbott Laboratories | Reduce -3.6% | 3.22% | −0.18 |
| LLY Eli Lilly & Co. | Reduce -2.0% | 1.12% | −0.14 |
| SAIA Saia Inc. | Sold out | 0.00% | −0.13 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.12 |
| DGX Quest Diagnostics Inc. | Reduce -12.9% | 0.95% | −0.12 |
| ONTO Onto Innovation Inc. | Sold out | 0.00% | −0.11 |
| CI The Cigna Group | Reduce -2.8% | 1.54% | −0.10 |
| KOS Kosmos Energy Ltd. | Reduce -7.7% | 0.19% | −0.10 |
| SQM Quimica Y Minera Chil-SP ADR | Reduce -17.6% | 0.21% | −0.09 |
| TJX TJX Companies Inc. | Reduce -3.5% | 1.36% | −0.09 |
| OLLI Ollie's Bargain Outlet Holdi | Reduce -55.2% | 0.08% | −0.09 |
| CHX Championx Corp. | Sold out | 0.00% | −0.08 |
| VRN Veren Inc. | Sold out | 0.00% | −0.08 |
| MFC Manulife Financial Corp. | Reduce -19.1% | 0.29% | −0.07 |
| DG Dollar General Corp. | Reduce -74.0% | 0.03% | −0.07 |
| ITCI Intra-Cellular Therapies Inc. | Sold out | 0.00% | −0.07 |
| ALLY Ally Financial Inc. | Reduce -80.4% | 0.02% | −0.07 |
| PDCO Patterson Cos Inc. | Sold out | 0.00% | −0.07 |
| VTRS Viatris Inc. | Reduce -84.5% | 0.01% | −0.07 |
| LOGI Logitech International-Reg | Reduce -53.4% | 0.06% | −0.07 |
| PYCR Paycor HCM Inc. | Sold out | 0.00% | −0.06 |
| FCX Freeport-McMoran Inc. | Reduce -50.0% | 0.08% | −0.06 |
| EVRI Everi Holdings Inc. | Sold out | 0.00% | −0.06 |
| REGN Regeneron Pharmaceuticals | Reduce -21.7% | 0.10% | −0.06 |
| ATSG Air Transport Services Group | Sold out | 0.00% | −0.06 |
| IBM Intl Business Machines Corp. | Reduce -42.9% | 0.11% | −0.06 |
| WBA Walgreens Boots Alliance Inc. | Reduce -39.8% | 0.09% | −0.06 |
| XYZ Block Inc. | Reduce -83.0% | 0.02% | −0.06 |
| CNC Centene Corp. | Reduce -29.6% | 0.09% | −0.06 |
| HES Hess Corp. | Reduce -26.1% | 0.09% | −0.06 |
| MTCH Match Group Inc. | Reduce -78.6% | 0.01% | −0.06 |
| ACGL Arch Capital Group Ltd. | Reduce -45.8% | 0.06% | −0.06 |
| SWKS Skyworks Solutions Inc. | Reduce -71.0% | 0.03% | −0.05 |
| VZ Verizon Communications Inc. | Reduce -13.1% | 0.21% | −0.05 |
| XOM Exxon Mobil Corp. | Reduce -19.2% | 0.12% | −0.05 |
| ENPH Enphase Energy Inc. | Reduce -10.9% | 0.06% | −0.05 |
| HMC Honda Motor Co. Ltd.-Spons ADR | Reduce -39.1% | 0.08% | −0.05 |
| CW Curtiss-Wright Corp. | Reduce -55.5% | 0.10% | −0.05 |
| HPQ HP Inc. | Reduce -25.0% | 0.09% | −0.05 |
| EBAY eBay Inc. | Reduce -31.1% | 0.13% | −0.05 |
| EPAM Epam Systems Inc. | Reduce -73.8% | 0.02% | −0.05 |
| CIEN Ciena Corp. | Sold out | 0.00% | −0.05 |
Portfolio Buys Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Add +1.6% | 7.31% | +1.65 |
| AVGO Broadcom Inc. | Add +76.1% | 2.55% | +1.64 |
| META Meta Platforms Inc. Class A | Add +7.8% | 4.97% | +1.22 |
| LRCX Lam Research Corp. | Add +12.6% | 2.85% | +0.88 |
| TW Tradeweb Markets Inc. Class A | New | 0.66% | +0.66 |
| UBER Uber Technologies Inc. | Add +20.5% | 1.53% | +0.50 |
| GOOGL Alphabet Inc. Class A | Add +0.3% | 4.19% | +0.37 |
| KLAC KLA Corp. | Add +2.1% | 1.53% | +0.34 |
| AMZN Amazon.com Inc. | Add +4.9% | 2.39% | +0.33 |
| TXN Texas Instruments Inc. | Add +1.4% | 2.90% | +0.32 |
| STZ Constellation Brands Inc. Class A | Add +39.6% | 1.81% | +0.29 |
| HLT Hilton Worldwide Holdings Inc. | Add +1.8% | 1.61% | +0.20 |
| CRM Salesforce Inc. | Add +10.9% | 2.44% | +0.18 |
| WFC Wells Fargo & Co. | Add +1.1% | 2.05% | +0.16 |
| USB US Bancorp | Add +3.7% | 2.27% | +0.14 |
| MASI Masimo Corp. | New | 0.12% | +0.12 |
| ISRG Intuitive Surgical Inc. | Add +1.4% | 1.79% | +0.11 |
| BAH Booz Allen Hamilton Holdings | New | 0.11% | +0.11 |
| JKHY Jack Henry & Associates Inc. | New | 0.10% | +0.10 |
| BMY Bristol-Myers Squibb Co. | Add +401.9% | 0.12% | +0.09 |
| ALLE Allegion PLC | Add +114.4% | 0.15% | +0.09 |
| NXE Nexgen Energy Ltd. | Add +18.0% | 0.19% | +0.08 |
| TXNM TXNM Energy Inc. | New | 0.08% | +0.08 |
| COOP Mr Cooper Group Inc. | Add +1200.4% | 0.08% | +0.08 |
| BF.B Brown-Forman Corp. Class B | New | 0.08% | +0.08 |
| ARMK Aramark | Add +10.3% | 0.34% | +0.07 |
| BMI Badger Meter Inc. | New | 0.07% | +0.07 |
| PPBI Pacific Premier Bancorp Inc. | New | 0.07% | +0.07 |
| DAR Darling Ingredients Inc. | Add +1.0% | 0.42% | +0.06 |
| MAG Mag Silver Corp. | New | 0.06% | +0.06 |
| FSLR First Solar Inc. | Add +10.0% | 0.20% | +0.05 |
| UAL United Airlines Holdings Inc. | Add +2294.6% | 0.06% | +0.05 |
| UL Unilever PLC | Add +215.4% | 0.08% | +0.05 |
| AAON Aaon Inc. | Add +73.1% | 0.14% | +0.05 |
| FARO Faro Technologies Inc. | New | 0.04% | +0.04 |
| ENTG Entegris Inc. | New | 0.04% | +0.04 |
| INFA Informatica Inc. Class A | New | 0.04% | +0.04 |
| VICI Vici Properties Inc. | Add +121.0% | 0.08% | +0.04 |
| AZEK The Azek Co. Inc. | Add +41.0% | 0.12% | +0.04 |
| GSK GSK PLC-Spon ADR | Add +21.5% | 0.30% | +0.04 |
| DNB Dun & Bradstreet Holdings Inc. | New | 0.04% | +0.04 |
| TGT Target Corp. | Add +101.0% | 0.09% | +0.04 |
| SKX Skechers USA Inc. Class A | Add +1299.9% | 0.04% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | Add +14.4% | 0.12% | +0.04 |
| MO Altria Group Inc. | Add +279.1% | 0.05% | +0.04 |
| BTI British American Tob-SP ADR | Add +1.5% | 0.36% | +0.04 |
| TD Toronto-Dominion Bank | Add +5.6% | 0.17% | +0.03 |
| NYT New York Times Co. Class A | Add +10.9% | 0.19% | +0.03 |
| DAL Delta Air Lines Inc. | Add +94.3% | 0.06% | +0.03 |
| AVDX Avidxchange Holdings Inc. | New | 0.03% | +0.03 |
Options Activity Q1 2025 → Q2 2025
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | New | 347,000 | $131.6M |
| COOP Mr Cooper Group Inc. | put | New | 161,200 | $24.1M |
| SUN Sunoco LP | put | New | 395,100 | $21.2M |
| RKT Rocket Cos Inc. Class A | put | New | 13,300 | $189K |
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 |