GMO
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Jeremy Grantham's GMO reported 628 stock positions worth $39.1 billion. Its top holding was Microsoft (MSFT) at 5.8% of the portfolio, followed by Alphabet Class A (GOOGL, 5.1%) and Johnson & Johnson (JNJ, 4.6%). Compared with Q4 2025, it opened 84 new positions, sold out of 109, added to 295 and reduced 215. The biggest buy was Mastercard Class A (MA, shares +38979%) and the biggest sale Wells Fargo (WFC, shares −99%).
- Most Recent 13F
- Q2 2026
- Notable People
- Jeremy Grantham
- Location
- Boston, MA
- CIK
- 0001352662
- Portfolio Value
- $39.1B (Q1 2026)
- SEC Filing
- 0001072613-26-000397 ↗ filed May 14, 2026
Holdings Value
Holdings 628 stocks · $39.1B
| MSFT Microsoft Corp. | 5.85% | 6,176,138 | $2.3B | Add +17.3% |
| GOOGL Alphabet Inc. Class A | 5.08% | 6,900,577 | $2.0B | Add +3.4% |
| JNJ Johnson & Johnson | 4.55% | 7,278,866 | $1.8B | Add +2.7% |
| AAPL Apple Inc. | 4.50% | 6,937,574 | $1.8B | Add +3.4% |
| META Meta Platforms Inc. Class A | 4.50% | 3,073,041 | $1.8B | Add +5.7% |
| LRCX Lam Research Corp. | 3.77% | 6,904,206 | $1.5B | Reduce -26.1% |
| AMZN Amazon.com Inc. | 3.32% | 6,229,375 | $1.3B | Reduce -1.9% |
| TMO Thermo Fisher Scientific Inc. | 3.15% | 2,502,206 | $1.2B | Add +3.7% |
| AVGO Broadcom Inc. | 2.65% | 3,348,517 | $1.0B | Add +6.8% |
| USB US Bancorp | 2.54% | 19,113,643 | $994.1M | Add +3.9% |
| TXN Texas Instruments Inc. | 2.51% | 5,061,047 | $982.6M | Add +3.5% |
| V Visa Inc. Class A | 2.35% | 3,036,116 | $917.6M | Add +14.6% |
| ABT Abbott Laboratories | 2.34% | 8,910,945 | $914.9M | Add +5.0% |
| UNH Unitedhealth Group Inc. | 2.19% | 3,158,451 | $854.6M | Add +18.3% |
| MRK Merck & Co. Inc. | 2.16% | 7,013,777 | $843.7M | Add +2.1% |
| CRM Salesforce Inc. | 2.11% | 4,425,552 | $826.1M | Add +7.8% |
| ACN Accenture PLC Class A | 1.98% | 3,902,335 | $773.8M | Add +7.8% |
| CI The Cigna Group | 1.77% | 2,598,218 | $693.1M | Add +32.7% |
| LLY Eli Lilly & Co. | 1.76% | 749,815 | $689.7M | Add +1.4% |
| KLAC KLA Corp. | 1.74% | 461,202 | $679.1M | Reduce -9.3% |
| HLT Hilton Worldwide Holdings Inc. | 1.73% | 2,219,281 | $674.8M | Reduce -5.2% |
| KO The Coca-Cola Co. | 1.61% | 8,279,748 | $629.7M | Reduce -6.0% |
| STZ Constellation Brands Inc. Class A | 1.54% | 4,025,780 | $603.9M | Add +4.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.52% | 3,712,526 | $592.9M | Reduce -2.3% |
| ISRG Intuitive Surgical Inc. | 1.45% | 1,230,930 | $567.4M | Add +3.8% |
| ELV Elevance Health Inc. | 1.44% | 1,938,276 | $564.3M | Reduce -23.4% |
| UBER Uber Technologies Inc. | 1.36% | 7,376,626 | $530.6M | Add +26.6% |
| MA Mastercard Inc. Class A | 1.22% | 950,785 | $475.1M | Add +38978.7% |
| NFLX Netflix Inc. | 1.00% | 4,049,031 | $389.3M | Add +12347.5% |
| DGX Quest Diagnostics Inc. | 0.94% | 1,883,024 | $369.0M | Add +3.7% |
| SNPS Synopsys Inc. | 0.92% | 910,133 | $360.9M | New |
| TW Tradeweb Markets Inc. Class A | 0.80% | 2,650,663 | $311.9M | Add +5.2% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.52% | 154,570 | $204.2M | Add +18.4% |
| GSK GSK PLC-Spon ADR | 0.50% | 3,522,566 | $194.4M | Add +0.9% |
| RIO Rio Tinto PLC-Spon ADR | 0.48% | 2,004,837 | $187.0M | Add +27.8% |
| TD Toronto-Dominion Bank | 0.47% | 1,960,719 | $182.5M | Add +6.2% |
| DAR Darling Ingredients Inc. | 0.43% | 2,707,158 | $167.4M | Reduce -27.2% |
| ALB Albemarle Corp. | 0.42% | 906,683 | $162.8M | Reduce -1.8% |
| VOD Vodafone Group PLC-SP ADR | 0.39% | 10,093,944 | $151.6M | Reduce -2.7% |
| TTE Totalenergies SE | 0.35% | 1,490,835 | $138.5M | Reduce -3.9% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 0.35% | 1,679,736 | $136.0M | Reduce -1.9% |
| PG The Procter & Gamble Co. | 0.33% | 893,434 | $129.0M | Add +33.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.32% | 374,511 | $126.6M | Reduce -8.1% |
| DB Deutsche Bank AG-Registered | 0.30% | 4,101,165 | $118.7M | Add +7.3% |
| ARMK Aramark | 0.30% | 2,923,733 | $118.5M | Add +15.5% |
| SEDG Solaredge Technologies Inc. | 0.29% | 2,234,200 | $114.1M | Reduce -12.0% |
| RUN Sunrun Inc. | 0.27% | 7,820,138 | $106.0M | Add +44.4% |
| GE General Electric filed as GE AEROSPACE | 0.23% | 321,662 | $91.3M | Add +6.2% |
| NXE Nexgen Energy Ltd. | 0.22% | 7,554,115 | $87.4M | Reduce -2.7% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C | 0.21% | 1,213,514 | $84.0M | Add +47.1% |
| COP Conocophillips | 0.21% | 619,822 | $81.8M | Reduce -7.3% |
| ARRY Array Technologies Inc. | 0.20% | 10,951,942 | $79.2M | Add +32.3% |
| VIST Vista Energy Sab DE CV | 0.18% | 949,208 | $71.6M | Add +9.1% |
| MDLZ Mondelez International Inc. Class A | 0.18% | 1,202,637 | $69.3M | Add +26.7% |
| MGA Magna International Inc. | 0.17% | 1,216,039 | $67.8M | Add +8.8% |
| VZ Verizon Communications Inc. | 0.17% | 1,319,232 | $66.2M | Reduce -7.6% |
| GPRE Green Plains Inc. | 0.17% | 3,947,458 | $64.9M | Reduce -2.1% |
| PFE Pfizer Inc. | 0.16% | 2,285,443 | $64.2M | Reduce -3.9% |
| NVDA Nvidia Corp. | 0.16% | 354,515 | $61.8M | Reduce -59.9% |
| C Citigroup Inc. | 0.15% | 530,716 | $60.2M | Reduce -4.0% |
| EOG EOG Resources Inc. | 0.15% | 404,437 | $58.5M | Add +15.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.15% | 1,171,858 | $57.1M | Add +5.5% |
| QCOM Qualcomm Inc. | 0.15% | 443,461 | $57.1M | Add +26.4% |
| XOM Exxon Mobil Corp. | 0.15% | 336,121 | $57.0M | Reduce -13.9% |
| AMRC Ameresco Inc. Class A | 0.15% | 2,229,634 | $56.9M | Reduce -4.0% |
| CRC California Resources Corp. | 0.14% | 804,479 | $55.7M | Reduce -19.1% |
| TGT Target Corp. | 0.14% | 458,047 | $55.5M | Add +4.3% |
| GM General Motors Co. | 0.14% | 709,245 | $52.8M | Add +2.4% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.13% | 325,829 | $51.5M | Add +65.6% |
| KOS Kosmos Energy Ltd. | 0.13% | 18,307,718 | $50.9M | Reduce -47.4% |
| CMCSA Comcast Corp. Class A | 0.13% | 1,758,352 | $50.5M | Add +3.8% |
| EBAY eBay Inc. | 0.12% | 530,286 | $48.3M | Reduce -7.6% |
| F Ford Motor Co. filed as FORD MTR CO | 0.12% | 4,133,754 | $47.7M | Add +22.6% |
| MFC Manulife Financial Corp. | 0.12% | 1,371,676 | $47.2M | Reduce -1.6% |
| CVS CVS Health Corp. | 0.12% | 634,846 | $45.6M | Reduce -12.0% |
| UPS United Parcel Service Class B | 0.12% | 461,048 | $45.4M | Add +7.9% |
| BTI British American Tob-SP ADR | 0.11% | 766,683 | $44.8M | Reduce -49.6% |
| ALL Allstate Corp. | 0.11% | 211,404 | $43.8M | Add +143.6% |
| CX Cemex Sab-Spons ADR Part Cer | 0.11% | 3,819,356 | $43.7M | Add +25.0% |
| NUE Nucor Corp. | 0.11% | 257,987 | $43.6M | Add +5.8% |
| STLA Stellantis NV | 0.11% | 6,187,512 | $43.2M | Add +31.5% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 0.11% | 926,178 | $42.8M | Reduce -19.2% |
| REGN Regeneron Pharmaceuticals | 0.11% | 55,353 | $42.8M | Reduce -2.4% |
| COF Capital One Financial Corp. | 0.11% | 231,068 | $42.2M | Add +6.8% |
| NVS Novartis AG-Sponsored ADR | 0.11% | 275,637 | $42.1M | Reduce -7.9% |
| VALE Vale SA-SP ADR | 0.11% | 2,632,354 | $41.9M | Add +729.6% |
| FCX Freeport-McMoran Inc. | 0.11% | 701,125 | $41.2M | Reduce -26.6% |
| CTVA Corteva Inc. | 0.10% | 479,331 | $40.1M | Reduce -6.1% |
| ITRI Itron Inc. | 0.10% | 447,140 | $40.1M | Add +102.2% |
| SLF Sun Life Financial Inc. | 0.10% | 637,630 | $39.8M | Add +20.4% |
| ROP Roper Technologies Inc. | 0.10% | 111,931 | $39.6M | New |
| CTSH Cognizant Tech Solutions-A | 0.10% | 635,403 | $39.0M | Add +21.2% |
| CLH Clean Harbors Inc. | 0.10% | 135,593 | $38.9M | Add +24.6% |
| PSMT Pricesmart Inc. | 0.10% | 257,970 | $38.8M | Reduce -12.0% |
| PYPL PayPal Holdings Inc. | 0.10% | 847,259 | $38.3M | Add +39.2% |
| BF.B Brown-Forman Corp. Class B | 0.10% | 1,439,650 | $38.1M | Add +7.5% |
| OTEX Open Text Corp. | 0.10% | 1,700,642 | $37.8M | Add +20.7% |
| CRUS Cirrus Logic Inc. | 0.09% | 252,333 | $36.5M | Add +8.3% |
| BCPC Balchem Corp. | 0.09% | 212,718 | $36.1M | Add +1.4% |
| NWE Northwestern Energy Group Inc. | 0.09% | 546,033 | $36.0M | Add +13.0% |
Portfolio Sells Q4 2025 → Q1 2026
| WFC Wells Fargo & Co. | Reduce -98.6% | 0.02% | −1.26 |
| ELV Elevance Health Inc. | Reduce -23.4% | 1.44% | −0.82 |
| PR Permian Resources Corp. Class A | Reduce -98.7% | 0.01% | −0.47 |
| AMZN Amazon.com Inc. | Reduce -1.9% | 3.32% | −0.43 |
| LRCX Lam Research Corp. | Reduce -26.1% | 3.77% | −0.32 |
| NVDA Nvidia Corp. | Reduce -59.9% | 0.16% | −0.26 |
| BTI British American Tob-SP ADR | Reduce -49.6% | 0.11% | −0.11 |
| CMA Comerica Inc. | Sold out | 0.00% | −0.09 |
| INTC Intel Corp. | Reduce -96.7% | 0.00% | −0.07 |
| FOX Fox Corp. Class B | Reduce -68.6% | 0.02% | −0.07 |
| CMI Cummins Inc. | Reduce -80.7% | 0.02% | −0.07 |
| BMY Bristol-Myers Squibb Co. | Reduce -55.8% | 0.07% | −0.07 |
| REVG Rev Group Inc. | Sold out | 0.00% | −0.06 |
| EWJ iShares MSCI Japan ETF | Sold out | 0.00% | −0.06 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.06 |
| B Barrick Mining Corp. | Reduce -49.6% | 0.05% | −0.06 |
| PCAR Paccar Inc. | Reduce -96.1% | 0.00% | −0.06 |
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −0.06 |
| ON On Semiconductor | Reduce -73.0% | 0.02% | −0.05 |
| DAY Dayforce Inc. | Sold out | 0.00% | −0.05 |
| CSCO Cisco Systems Inc. | Reduce -42.9% | 0.06% | −0.05 |
| FN Fabrinet | Sold out | 0.00% | −0.05 |
| IBM Intl Business Machines Corp. | Reduce -86.9% | 0.01% | −0.04 |
| RBC RBC Bearings Inc. | Reduce -63.0% | 0.03% | −0.04 |
| WWD Woodward Inc. | Reduce -69.0% | 0.02% | −0.04 |
| FYBR Frontier Communications Pare | Sold out | 0.00% | −0.04 |
| TXNM TXNM Energy Inc. | Reduce -30.9% | 0.08% | −0.04 |
| CIVI Civitas Resources Inc. | Sold out | 0.00% | −0.03 |
| NGD New Gold Inc. | Sold out | 0.00% | −0.03 |
| NWSA News Corp. Class A | Sold out | 0.00% | −0.03 |
| CVS CVS Health Corp. | Reduce -12.0% | 0.12% | −0.03 |
| AMRC Ameresco Inc. Class A | Reduce -4.0% | 0.15% | −0.03 |
| RNAM Avidity Biosciences Inc. | Sold out | 0.00% | −0.03 |
| AKAM Akamai Technologies Inc. | Reduce -90.1% | 0.00% | −0.03 |
| GS Goldman Sachs Group Inc. | Reduce -56.3% | 0.02% | −0.03 |
| EXPE Expedia Group Inc. | Reduce -41.1% | 0.02% | −0.03 |
| ALLE Allegion PLC | Reduce -26.2% | 0.05% | −0.03 |
| TAP Molson Coors Beverage Co. Class B | Sold out | 0.00% | −0.02 |
| CADE Cadence Bank | Sold out | 0.00% | −0.02 |
| SYF Synchrony Financial | Reduce -2.4% | 0.09% | −0.02 |
| FSLR First Solar Inc. | Reduce -1.8% | 0.07% | −0.02 |
| VIPS Vipshop Holdings Ltd. - ADR | Reduce -17.4% | 0.06% | −0.02 |
| GILD Gilead Sciences Inc. | Reduce -68.1% | 0.01% | −0.02 |
| IBP Installed Building Products | Sold out | 0.00% | −0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -84.9% | 0.00% | −0.02 |
| FDX FedEx Corp. | Reduce -49.0% | 0.04% | −0.02 |
| STEP Stepstone Group Inc. Class A | Reduce -11.4% | 0.04% | −0.02 |
| ENTG Entegris Inc. | Reduce -53.1% | 0.04% | −0.02 |
| HI Hillenbrand Inc. | Sold out | 0.00% | −0.02 |
| FCX Freeport-McMoran Inc. | Reduce -26.6% | 0.11% | −0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| MA Mastercard Inc. Class A | Add +38978.7% | 1.22% | +1.21 |
| NFLX Netflix Inc. | Add +12347.5% | 1.00% | +0.99 |
| SNPS Synopsys Inc. | New | 0.92% | +0.92 |
| JNJ Johnson & Johnson | Add +2.7% | 4.55% | +0.80 |
| CI The Cigna Group | Add +32.7% | 1.77% | +0.40 |
| TXN Texas Instruments Inc. | Add +3.5% | 2.51% | +0.35 |
| MRK Merck & Co. Inc. | Add +2.1% | 2.16% | +0.31 |
| STZ Constellation Brands Inc. Class A | Add +4.2% | 1.54% | +0.18 |
| ASML ASML Holding NV-NY Reg SHS | Add +18.4% | 0.52% | +0.17 |
| RIO Rio Tinto PLC-Spon ADR | Add +27.8% | 0.48% | +0.16 |
| UBER Uber Technologies Inc. | Add +26.6% | 1.36% | +0.14 |
| DGX Quest Diagnostics Inc. | Add +3.7% | 0.94% | +0.14 |
| TW Tradeweb Markets Inc. Class A | Add +5.2% | 0.80% | +0.11 |
| ROP Roper Technologies Inc. | New | 0.10% | +0.10 |
| VALE Vale SA-SP ADR | Add +729.6% | 0.11% | +0.10 |
| PG The Procter & Gamble Co. | Add +33.1% | 0.33% | +0.08 |
| WBS Webster Financial Corp. | New | 0.08% | +0.08 |
| WTRG Essential Utilities Inc. | New | 0.08% | +0.08 |
| VIST Vista Energy Sab DE CV | Add +9.1% | 0.18% | +0.07 |
| ONTO Onto Innovation Inc. | New | 0.07% | +0.07 |
| CTRA Coterra Energy Inc. | New | 0.07% | +0.07 |
| ALL Allstate Corp. | Add +143.6% | 0.11% | +0.07 |
| ARMK Aramark | Add +15.5% | 0.30% | +0.06 |
| AES AES Corp. | New | 0.06% | +0.06 |
| NATL NCR Atleos Corp. | New | 0.06% | +0.06 |
| GSK GSK PLC-Spon ADR | Add +0.9% | 0.50% | +0.06 |
| BNS Bank of Nova Scotia | Add +47.1% | 0.21% | +0.06 |
| SM SM Energy Co. | New | 0.06% | +0.06 |
| EOG EOG Resources Inc. | Add +15.9% | 0.15% | +0.06 |
| TPH Tri Pointe Homes Inc. | Add +524.3% | 0.06% | +0.05 |
| ITRI Itron Inc. | Add +102.2% | 0.10% | +0.05 |
| UBS UBS Group AG-Reg | Add +1325.2% | 0.05% | +0.05 |
| DELL Dell Technologies -C | Add +1295.3% | 0.05% | +0.05 |
| BBY Best Buy Co. Inc. | Add +220.5% | 0.07% | +0.05 |
| MDLZ Mondelez International Inc. Class A | Add +26.7% | 0.18% | +0.05 |
| OS Onestream Inc. | New | 0.04% | +0.04 |
| SEM Select Medical Holdings Corp. | New | 0.04% | +0.04 |
| JKHY Jack Henry & Associates Inc. | Add +65.6% | 0.13% | +0.04 |
| DAL Delta Air Lines Inc. | Add +100.7% | 0.07% | +0.04 |
| FOLD Amicus Therapeutics Inc. | New | 0.03% | +0.03 |
| CLH Clean Harbors Inc. | Add +24.6% | 0.10% | +0.03 |
| CRBG Corebridge Financial Inc. | New | 0.03% | +0.03 |
| COKE Coca-Cola Consolidated Inc. | Add +78.6% | 0.06% | +0.03 |
| USB US Bancorp | Add +3.9% | 2.54% | +0.03 |
| TXT Textron Inc. | Add +117.4% | 0.06% | +0.03 |
| BMI Badger Meter Inc. | Add +92.4% | 0.08% | +0.03 |
| TGT Target Corp. | Add +4.3% | 0.14% | +0.03 |
| NOC Northrop Grumman Corp. | Add +121.5% | 0.05% | +0.03 |
| VECO Veeco Instruments Inc. | New | 0.03% | +0.03 |
| SLAB Silicon Laboratories Inc. | New | 0.03% | +0.03 |
Options Activity Q4 2025 → Q1 2026
| RKT Rocket Cos Inc. Class A | put | Sold out | 13,300 | $257Kbefore 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 |