GMO
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Jeremy Grantham's GMO reported 653 stock positions worth $39.1 billion. Its top holding was Microsoft (MSFT) at 6.5% of the portfolio, followed by Alphabet Class A (GOOGL, 5.3%) and Meta Platforms Class A (META, 4.9%). Compared with Q3 2025, it opened 113 new positions, sold out of 59, added to 245 and reduced 237. The biggest buy was Amazon.com (AMZN, shares +77%) and the biggest sale Oracle (ORCL, shares −100%).
- Most Recent 13F
- Q2 2026
- Notable People
- Jeremy Grantham
- Location
- Boston, MA
- CIK
- 0001352662
- Portfolio Value
- $39.1B (Q4 2025)
- SEC Filing
- 0001072613-26-000185 ↗ filed Feb 17, 2026
Holdings Value
Holdings 653 stocks · $39.1B
| MSFT Microsoft Corp. | 6.51% | 5,267,686 | $2.5B | Add +6.2% |
| GOOGL Alphabet Inc. Class A | 5.34% | 6,671,591 | $2.1B | Reduce -4.9% |
| META Meta Platforms Inc. Class A | 4.91% | 2,908,562 | $1.9B | Add +28.0% |
| AAPL Apple Inc. | 4.66% | 6,707,117 | $1.8B | Add +9.5% |
| LRCX Lam Research Corp. | 4.09% | 9,344,080 | $1.6B | Reduce -5.0% |
| JNJ Johnson & Johnson | 3.75% | 7,089,139 | $1.5B | Add +4.0% |
| AMZN Amazon.com Inc. | 3.75% | 6,353,413 | $1.5B | Add +77.1% |
| TMO Thermo Fisher Scientific Inc. | 3.57% | 2,412,063 | $1.4B | Add +12.6% |
| CRM Salesforce Inc. | 2.78% | 4,104,033 | $1.1B | Add +7.7% |
| AVGO Broadcom Inc. | 2.77% | 3,136,731 | $1.1B | Add +11.6% |
| ABT Abbott Laboratories | 2.72% | 8,482,553 | $1.1B | Add +3.7% |
| USB US Bancorp | 2.51% | 18,401,004 | $981.9M | Add +3.6% |
| ACN Accenture PLC Class A | 2.48% | 3,621,269 | $971.6M | Add +8.0% |
| V Visa Inc. Class A | 2.38% | 2,649,557 | $929.2M | Add +8.6% |
| ELV Elevance Health Inc. | 2.27% | 2,531,090 | $887.3M | Add +0.3% |
| UNH Unitedhealth Group Inc. | 2.25% | 2,670,159 | $881.4M | Add +0.1% |
| TXN Texas Instruments Inc. | 2.17% | 4,887,820 | $848.0M | Add +5.0% |
| LLY Eli Lilly & Co. | 2.03% | 739,274 | $794.5M | Add +5.5% |
| MRK Merck & Co. Inc. | 1.85% | 6,870,145 | $723.2M | Add +3.7% |
| HLT Hilton Worldwide Holdings Inc. | 1.72% | 2,340,013 | $672.2M | Add +16.0% |
| ISRG Intuitive Surgical Inc. | 1.72% | 1,185,910 | $671.7M | Add +4.1% |
| KLAC KLA Corp. | 1.58% | 508,757 | $618.2M | Add +16.0% |
| KO The Coca-Cola Co. | 1.57% | 8,808,478 | $615.8M | Add +26.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.49% | 3,798,519 | $583.5M | Add +4.0% |
| CI The Cigna Group | 1.38% | 1,958,134 | $538.9M | Add +19.8% |
| STZ Constellation Brands Inc. Class A | 1.36% | 3,864,034 | $533.1M | Add +4.1% |
| WFC Wells Fargo & Co. | 1.27% | 5,347,858 | $498.4M | Reduce -14.9% |
| UBER Uber Technologies Inc. | 1.22% | 5,829,133 | $476.3M | Add +6.9% |
| DGX Quest Diagnostics Inc. | 0.81% | 1,816,060 | $315.1M | Add +4.0% |
| TW Tradeweb Markets Inc. Class A | 0.69% | 2,518,721 | $270.9M | Add +27.9% |
| PR Permian Resources Corp. Class A | 0.48% | 13,443,570 | $188.6M | Add +1.4% |
| TD Toronto-Dominion Bank | 0.45% | 1,845,845 | $174.2M | Add +20.4% |
| GSK GSK PLC-Spon ADR | 0.44% | 3,489,374 | $171.1M | Add +35.7% |
| NVDA Nvidia Corp. | 0.42% | 884,765 | $165.0M | Add +169.4% |
| DB Deutsche Bank AG-Registered | 0.38% | 3,822,714 | $148.7M | Reduce -9.3% |
| ASML ASML Holding NV-NY Reg SHS | 0.36% | 130,493 | $139.6M | Add +429.9% |
| VOD Vodafone Group PLC-SP ADR | 0.35% | 10,374,561 | $137.0M | Reduce -2.0% |
| DAR Darling Ingredients Inc. | 0.34% | 3,717,394 | $133.8M | Add +2.3% |
| ALB Albemarle Corp. | 0.33% | 923,071 | $130.6M | Add +26.2% |
| RIO Rio Tinto PLC-Spon ADR | 0.32% | 1,568,244 | $125.5M | Add +39.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.32% | 407,315 | $123.8M | Add +143.6% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 0.30% | 1,712,940 | $117.9M | Reduce -12.0% |
| TTE Totalenergies SE | 0.26% | 1,550,700 | $101.3M | Add +1443.0% |
| RUN Sunrun Inc. | 0.25% | 5,415,438 | $99.6M | Reduce -13.0% |
| PG The Procter & Gamble Co. | 0.25% | 671,372 | $96.2M | Add +22.5% |
| ARMK Aramark | 0.24% | 2,532,029 | $93.3M | Reduce -12.3% |
| GE General Electric filed as GE AEROSPACE | 0.24% | 302,914 | $93.3M | Reduce -0.3% |
| BTI British American Tob-SP ADR | 0.22% | 1,521,732 | $86.2M | Reduce -9.6% |
| ARRY Array Technologies Inc. | 0.20% | 8,279,542 | $76.3M | Reduce -6.7% |
| SEDG Solaredge Technologies Inc. | 0.19% | 2,539,719 | $73.3M | Reduce -5.8% |
| NXE Nexgen Energy Ltd. | 0.18% | 7,765,886 | $71.6M | Reduce -11.8% |
| AMRC Ameresco Inc. Class A | 0.17% | 2,323,792 | $68.1M | Reduce -27.5% |
| C Citigroup Inc. | 0.16% | 552,715 | $64.5M | Add +4.3% |
| COP Conocophillips | 0.16% | 668,782 | $62.6M | Add +4.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.16% | 1,110,699 | $61.1M | Add +5.9% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.16% | 825,124 | $60.9M | Add +9.7% |
| QCOM Qualcomm Inc. | 0.15% | 350,976 | $60.0M | Add +0.4% |
| MGA Magna International Inc. | 0.15% | 1,117,408 | $59.6M | Add +35.5% |
| PFE Pfizer Inc. | 0.15% | 2,378,969 | $59.2M | Reduce -1.8% |
| VZ Verizon Communications Inc. | 0.15% | 1,428,418 | $58.2M | Reduce -0.7% |
| CVS CVS Health Corp. | 0.15% | 721,118 | $57.2M | Reduce -5.2% |
| GM General Motors Co. | 0.14% | 692,885 | $56.3M | Reduce -7.3% |
| BMY Bristol-Myers Squibb Co. | 0.14% | 978,888 | $52.8M | Add +1.1% |
| COF Capital One Financial Corp. | 0.13% | 216,404 | $52.4M | Add +14.5% |
| STLA Stellantis NV | 0.13% | 4,704,485 | $52.3M | Reduce -0.1% |
| MDLZ Mondelez International Inc. Class A | 0.13% | 949,486 | $51.1M | Add +16.0% |
| MFC Manulife Financial Corp. | 0.13% | 1,394,526 | $50.6M | Reduce -38.5% |
| CMCSA Comcast Corp. Class A | 0.13% | 1,693,910 | $50.6M | Add +11.1% |
| EBAY eBay Inc. | 0.13% | 573,858 | $50.0M | Add +18.7% |
| FCX Freeport-McMoran Inc. | 0.12% | 954,525 | $48.5M | Add +66.6% |
| XOM Exxon Mobil Corp. | 0.12% | 390,461 | $47.0M | Reduce -4.8% |
| OTEX Open Text Corp. | 0.12% | 1,409,250 | $45.9M | Add +2.4% |
| SYF Synchrony Financial | 0.12% | 539,145 | $45.0M | Add +9.7% |
| CRC California Resources Corp. | 0.11% | 994,879 | $44.5M | Reduce -10.8% |
| F Ford Motor Co. filed as FORD MTR CO | 0.11% | 3,373,109 | $44.3M | Add +26.2% |
| CSCO Cisco Systems Inc. | 0.11% | 572,450 | $44.1M | Add +9.7% |
| TXNM TXNM Energy Inc. | 0.11% | 745,857 | $43.9M | Add +10.3% |
| REGN Regeneron Pharmaceuticals | 0.11% | 56,704 | $43.8M | Reduce -7.8% |
| CTSH Cognizant Tech Solutions-A | 0.11% | 524,242 | $43.5M | Add +5.0% |
| B Barrick Mining Corp. | 0.11% | 986,183 | $43.0M | Add +158.3% |
| TGT Target Corp. | 0.11% | 439,283 | $42.9M | Add +28.3% |
| UPS United Parcel Service Class B | 0.11% | 427,383 | $42.4M | Add +1.3% |
| VIST Vista Energy Sab DE CV | 0.11% | 869,908 | $42.3M | Reduce -11.5% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 0.11% | 1,145,878 | $41.4M | Reduce -16.7% |
| NVS Novartis AG-Sponsored ADR | 0.11% | 299,175 | $41.2M | Reduce -9.6% |
| HPE Hewlett Packard Enterprise | 0.10% | 1,668,438 | $40.1M | Add +21.4% |
| NUE Nucor Corp. | 0.10% | 243,937 | $39.8M | Add +13.9% |
| GPRE Green Plains Inc. | 0.10% | 4,030,658 | $39.5M | Reduce -6.8% |
| FOX Fox Corp. Class B | 0.09% | 568,440 | $36.9M | Reduce -27.6% |
| CMA Comerica Inc. | 0.09% | 423,815 | $36.8M | New |
| GMED Globus Medical Inc. Class A | 0.09% | 420,222 | $36.7M | Reduce -42.3% |
| EOG EOG Resources Inc. | 0.09% | 348,981 | $36.6M | Add +28.6% |
| PSMT Pricesmart Inc. | 0.09% | 293,188 | $36.0M | Reduce -40.1% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.09% | 196,791 | $35.9M | Reduce -29.1% |
| PYPL PayPal Holdings Inc. | 0.09% | 608,718 | $35.5M | Add +11.4% |
| FSLR First Solar Inc. | 0.09% | 134,967 | $35.3M | Reduce -50.9% |
| MICC The Magnum Ice Cream Co. NV | 0.09% | 2,219,681 | $35.2M | Add +3631.7% |
| CX Cemex Sab-Spons ADR Part Cer | 0.09% | 3,056,131 | $35.1M | Add +164.9% |
| BF.B Brown-Forman Corp. Class B | 0.09% | 1,339,731 | $34.9M | Reduce -0.7% |
| NYT New York Times Co. Class A | 0.09% | 493,204 | $34.2M | Reduce -53.4% |
Options reported separately and not counted above: RKT puts ($257K).
Portfolio Sells Q3 2025 → Q4 2025
| ORCL Oracle Corp. | Reduce -99.9% | 0.00% | −3.32 |
| WFC Wells Fargo & Co. | Reduce -14.9% | 1.27% | −0.21 |
| AMRC Ameresco Inc. Class A | Reduce -27.5% | 0.17% | −0.13 |
| AAON Aaon Inc. | Reduce -46.4% | 0.07% | −0.10 |
| ALLE Allegion PLC | Reduce -43.8% | 0.08% | −0.09 |
| SEDG Solaredge Technologies Inc. | Reduce -5.8% | 0.19% | −0.09 |
| WWD Woodward Inc. | Reduce -62.6% | 0.06% | −0.09 |
| NYT New York Times Co. Class A | Reduce -53.4% | 0.09% | −0.08 |
| FSLR First Solar Inc. | Reduce -50.9% | 0.09% | −0.08 |
| AVDX Avidxchange Holdings Inc. | Sold out | 0.00% | −0.08 |
| VRNA Verona Pharma Ltd. | Sold out | 0.00% | −0.08 |
| SAND Sandstorm Gold Ltd. | Sold out | 0.00% | −0.08 |
| ATR Aptargroup Inc. | Reduce -40.9% | 0.07% | −0.08 |
| PSMT Pricesmart Inc. | Reduce -40.1% | 0.09% | −0.08 |
| ARMK Aramark | Reduce -12.3% | 0.24% | −0.07 |
| DLB Dolby Laboratories Inc. Class A | Reduce -41.0% | 0.07% | −0.07 |
| MZTI The Marzetti Company | Reduce -41.0% | 0.07% | −0.07 |
| MFC Manulife Financial Corp. | Reduce -38.5% | 0.13% | −0.07 |
| CNC Centene Corp. | Reduce -90.1% | 0.01% | −0.07 |
| BCPC Balchem Corp. | Reduce -41.0% | 0.08% | −0.07 |
| LBRDK Liberty Broadband-C | Reduce -40.2% | 0.05% | −0.07 |
| OLLI Ollie's Bargain Outlet Holdi | Reduce -33.7% | 0.07% | −0.06 |
| OLED Universal Display Corp. | Reduce -43.3% | 0.04% | −0.06 |
| CRUS Cirrus Logic Inc. | Reduce -38.0% | 0.07% | −0.06 |
| IBM Intl Business Machines Corp. | Reduce -52.6% | 0.05% | −0.06 |
| MU Micron Technology Inc. | Reduce -86.7% | 0.02% | −0.06 |
| FCN Fti Consulting Inc. | Reduce -41.0% | 0.07% | −0.06 |
| ENTG Entegris Inc. | Reduce -40.2% | 0.06% | −0.06 |
| ACLS Axcelis Technologies Inc. | Reduce -27.3% | 0.07% | −0.06 |
| TREX Trex Company Inc. | Reduce -23.2% | 0.05% | −0.06 |
| FN Fabrinet | Reduce -59.0% | 0.05% | −0.05 |
| CRC California Resources Corp. | Reduce -10.8% | 0.11% | −0.05 |
| HLI Houlihan Lokey Inc. | Reduce -40.9% | 0.04% | −0.05 |
| MASI Masimo Corp. | Reduce -40.8% | 0.05% | −0.05 |
| BABA Alibaba Group Holding-SP ADR | Reduce -94.8% | 0.00% | −0.05 |
| STEP Stepstone Group Inc. Class A | Reduce -41.1% | 0.06% | −0.05 |
| WFG West Fraser Timber Co. Ltd. | Sold out | 0.00% | −0.05 |
| INTC Intel Corp. | Reduce -40.4% | 0.07% | −0.05 |
| MEDP Medpace Holdings Inc. | Sold out | 0.00% | −0.05 |
| RUN Sunrun Inc. | Reduce -13.0% | 0.25% | −0.05 |
| AMAT Applied Materials Inc. | Reduce -69.2% | 0.03% | −0.05 |
| HSBC HSBC Holdings PLC-Spons ADR | Reduce -70.6% | 0.02% | −0.05 |
| BAH Booz Allen Hamilton Holdings | Reduce -28.7% | 0.06% | −0.05 |
| CBRE CBRE Group Inc. Class A | Reduce -77.5% | 0.01% | −0.05 |
| ACI Albertsons Cos Inc. Class A | Reduce -87.4% | 0.01% | −0.04 |
| RBC RBC Bearings Inc. | Reduce -37.9% | 0.08% | −0.04 |
| VBTX Veritex Holdings Inc. | Sold out | 0.00% | −0.04 |
| INFA Informatica Inc. Class A | Sold out | 0.00% | −0.04 |
| NXE Nexgen Energy Ltd. | Reduce -11.8% | 0.18% | −0.04 |
| DB Deutsche Bank AG-Registered | Reduce -9.3% | 0.38% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| AMZN Amazon.com Inc. | Add +77.1% | 3.75% | +1.53 |
| TMO Thermo Fisher Scientific Inc. | Add +12.6% | 3.57% | +0.64 |
| LLY Eli Lilly & Co. | Add +5.5% | 2.03% | +0.52 |
| ASML ASML Holding NV-NY Reg SHS | Add +429.9% | 0.36% | +0.29 |
| MRK Merck & Co. Inc. | Add +3.7% | 1.85% | +0.28 |
| ISRG Intuitive Surgical Inc. | Add +4.1% | 1.72% | +0.28 |
| KO The Coca-Cola Co. | Add +26.1% | 1.57% | +0.27 |
| AAPL Apple Inc. | Add +9.5% | 4.66% | +0.26 |
| NVDA Nvidia Corp. | Add +169.4% | 0.42% | +0.25 |
| KLAC KLA Corp. | Add +16.0% | 1.58% | +0.25 |
| TTE Totalenergies SE | Add +1443.0% | 0.26% | +0.24 |
| HLT Hilton Worldwide Holdings Inc. | Add +16.0% | 1.72% | +0.24 |
| CRM Salesforce Inc. | Add +7.7% | 2.78% | +0.23 |
| META Meta Platforms Inc. Class A | Add +28.0% | 4.91% | +0.20 |
| TSM Taiwan Semiconductor-SP ADR | Add +143.6% | 0.32% | +0.18 |
| JNJ Johnson & Johnson | Add +4.0% | 3.75% | +0.18 |
| ALB Albemarle Corp. | Add +26.2% | 0.33% | +0.17 |
| AVGO Broadcom Inc. | Add +11.6% | 2.77% | +0.16 |
| ACN Accenture PLC Class A | Add +8.0% | 2.48% | +0.15 |
| GSK GSK PLC-Spon ADR | Add +35.7% | 0.44% | +0.12 |
| RIO Rio Tinto PLC-Spon ADR | Add +39.2% | 0.32% | +0.11 |
| TD Toronto-Dominion Bank | Add +20.4% | 0.45% | +0.10 |
| CMA Comerica Inc. | New | 0.09% | +0.09 |
| USB US Bancorp | Add +3.6% | 2.51% | +0.09 |
| MICC The Magnum Ice Cream Co. NV | Add +3631.7% | 0.09% | +0.09 |
| PTC PTC Inc. | New | 0.08% | +0.08 |
| TW Tradeweb Markets Inc. Class A | Add +27.9% | 0.69% | +0.08 |
| B Barrick Mining Corp. | Add +158.3% | 0.11% | +0.07 |
| NWE Northwestern Energy Group Inc. | Add +723.4% | 0.08% | +0.07 |
| DRES GMO Domestic Resilience ETF | New | 0.07% | +0.07 |
| KVUE Kenvue Inc. | Add +1005.3% | 0.07% | +0.07 |
| REVG Rev Group Inc. | New | 0.06% | +0.06 |
| CX Cemex Sab-Spons ADR Part Cer | Add +164.9% | 0.09% | +0.06 |
| FCX Freeport-McMoran Inc. | Add +66.6% | 0.12% | +0.06 |
| ADBE Adobe Inc. | Add +756.6% | 0.07% | +0.06 |
| EXAS Exact Sciences Corp. | New | 0.06% | +0.06 |
| HOLX Hologic Inc. | New | 0.06% | +0.06 |
| CI The Cigna Group | Add +19.8% | 1.38% | +0.05 |
| GIB Cgi Inc. | Add +125.7% | 0.08% | +0.04 |
| MGA Magna International Inc. | Add +35.5% | 0.15% | +0.04 |
| DAY Dayforce Inc. | Add +650.5% | 0.05% | +0.04 |
| WBD Warner Bros Discovery Inc. | New | 0.04% | +0.04 |
| PINS Pinterest Inc. Class A | Add +577.0% | 0.05% | +0.04 |
| AL Sumisho Air Lease Corp. | Add +215.5% | 0.06% | +0.04 |
| EXE Expand Energy Corp. | Add +207.6% | 0.06% | +0.04 |
| NGD New Gold Inc. | New | 0.03% | +0.03 |
| BBD Banco Bradesco-ADR | Add +113.4% | 0.07% | +0.03 |
| OMC Omnicom Group | Add +138.7% | 0.06% | +0.03 |
| LULU Lululemon Athletica Inc. | New | 0.03% | +0.03 |
| DECK Deckers Outdoor Corp. | New | 0.03% | +0.03 |
Options Activity Q3 2025 → Q4 2025
| SUN Sunoco LP | put | Sold out | 395,100 | $19.8Mbefore exit |
| OMC Omnicom Group | put | Sold out | 14,500 | $1.2Mbefore exit |
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 |