Grantham, Mayo, Van Otterloo & Co. LLC
Reported US equity positions for Q1 2026 — $39.1B across 628 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| MSFT Microsoft Corporation | $2.3B | 5.8% | 6,176,138 |
| GOOGL Alphabet Inc. | $2.0B | 5.1% | 6,900,577 |
| JNJ Johnson & Johnson | $1.8B | 4.6% | 7,278,866 |
| AAPL Apple Inc. | $1.8B | 4.5% | 6,937,574 |
| META Meta Platforms, Inc. | $1.8B | 4.5% | 3,073,041 |
| LRCX Lam Research Corporation | $1.5B | 3.8% | 6,904,206 |
| AMZN Amazon.com, Inc. | $1.3B | 3.3% | 6,229,375 |
| TMO Thermo Fisher Scientific Inc | $1.2B | 3.1% | 2,502,206 |
| AVGO Broadcom Inc. | $1.0B | 2.7% | 3,348,517 |
| USB U.S. Bancorp | $994.1M | 2.5% | 19,113,643 |
| TXN Texas Instruments Incorporated | $982.6M | 2.5% | 5,061,047 |
| V Visa Inc. | $917.6M | 2.3% | 3,036,116 |
| ABT Abbott Laboratories | $914.9M | 2.3% | 8,910,945 |
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $854.6M | 2.2% | 3,158,451 |
| MRK Merck & Company, Inc. Common Stock (new) | $843.7M | 2.2% | 7,013,777 |
| CRM Salesforce, Inc. | $826.1M | 2.1% | 4,425,552 |
| G1151C101 Accenture PLC Ireland | $773.8M | 2.0% | 3,902,335 |
| CI The Cigna Group | $693.1M | 1.8% | 2,598,218 |
| LLY Eli Lilly and Company | $689.7M | 1.8% | 749,815 |
| KLAC KLA Corporation | $679.1M | 1.7% | 461,202 |
| HLT Hilton Worldwide Holdings Inc. | $674.8M | 1.7% | 2,219,281 |
| KO The Coca-Cola Company | $629.7M | 1.6% | 8,279,748 |
| STZ Constellation Brands, Inc. | $603.9M | 1.5% | 4,025,780 |
| TJX The TJX Companies, Inc. | $592.9M | 1.5% | 3,712,526 |
| ISRG Intuitive Surgical, Inc. | $567.4M | 1.5% | 1,230,930 |
| ELV Elevance Health, Inc. | $564.3M | 1.4% | 1,938,276 |
| UBER Uber Technologies, Inc. | $530.6M | 1.4% | 7,376,626 |
| MA Mastercard Incorporated | $475.1M | 1.2% | 950,785 |
| NFLX Netflix, Inc. | $389.3M | 1.0% | 4,049,031 |
| DGX Quest Diagnostics Incorporated | $369.0M | 0.9% | 1,883,024 |
| SNPS Synopsys, Inc. | $360.9M | 0.9% | 910,133 |
| TW Tradeweb Markets Inc. | $311.9M | 0.8% | 2,650,663 |
| N07059210 Asml Hldg Nv | $204.2M | 0.5% | 154,570 |
| GSK GSK plc American Preferred | $194.4M | 0.5% | 3,522,566 |
| RIO Rio Tinto Plc | $187.0M | 0.5% | 2,004,837 |
| TD The Toronto Dominion Bank | $182.5M | 0.5% | 1,960,719 |
| DAR Darling Ingredients Inc. | $167.4M | 0.4% | 2,707,158 |
| ALB Albemarle Corporation | $162.8M | 0.4% | 906,683 |
| VOD Vodafone Group Plc | $151.6M | 0.4% | 10,093,944 |
| F92124100 Totalenergies Se | $138.5M | 0.4% | 1,490,835 |
| SQM Sociedad Quimica y Minera S.A. | $136.0M | 0.3% | 1,679,736 |
| PG The Procter & Gamble Company | $129.0M | 0.3% | 893,434 |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $126.6M | 0.3% | 374,511 |
| D18190898 Deutsche Bk Ag | $118.7M | 0.3% | 4,101,165 |
| ARMK Aramark | $118.5M | 0.3% | 2,923,733 |
| SEDG SolarEdge Technologies, Inc. | $114.1M | 0.3% | 2,234,200 |
| RUN Sunrun Inc. | $106.0M | 0.3% | 7,820,138 |
| GE GE Aerospace | $91.3M | 0.2% | 321,662 |
| NXE Nexgen Energy Ltd. | $87.4M | 0.2% | 7,554,115 |
| BNS Bank Nova Scotia Halifax Pfd 3 Ordinary Shares | $84.0M | 0.2% | 1,213,514 |
| COP ConocoPhillips | $81.8M | 0.2% | 619,822 |
| ARRY Array Technologies, Inc. | $79.2M | 0.2% | 10,951,942 |
| VIST Vista Energy S.A.B. de C.V. American Preferred | $71.6M | 0.2% | 949,208 |
| MDLZ Mondelez International, Inc. | $69.3M | 0.2% | 1,202,637 |
| MGA Magna International, Inc. | $67.8M | 0.2% | 1,216,039 |
| BAC Bank of America Corporation | $66.2M | 0.2% | 1,319,232 |
| GPRE Green Plains, Inc. | $64.9M | 0.2% | 3,947,458 |
| PFE Pfizer, Inc. | $64.2M | 0.2% | 2,285,443 |
| NVDA NVIDIA Corporation | $61.8M | 0.2% | 354,515 |
| C Citigroup, Inc. | $60.2M | 0.2% | 530,716 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| MSFT Microsoft Corporation | Add | $2.3B | $2.5B | +17% |
| GOOGL Alphabet Inc. | Add | $2.0B | $2.1B | +3% |
| JNJ Johnson & Johnson | Add | $1.8B | $1.5B | +3% |
| AAPL Apple Inc. | Add | $1.8B | $1.8B | +3% |
| META Meta Platforms, Inc. | Add | $1.8B | $1.9B | +6% |
| LRCX Lam Research Corporation | Trim | $1.5B | $1.6B | -26% |
| AMZN Amazon.com, Inc. | Trim | $1.3B | $1.5B | -2% |
| TMO Thermo Fisher Scientific Inc | Add | $1.2B | $1.4B | +4% |
| AVGO Broadcom Inc. | Add | $1.0B | $1.1B | +7% |
| USB U.S. Bancorp | Add | $994.1M | $981.9M | +4% |
| TXN Texas Instruments Incorporated | Add | $982.6M | $848.0M | +4% |
| V Visa Inc. | Add | $917.6M | $929.2M | +15% |
| ABT Abbott Laboratories | Add | $914.9M | $1.1B | +5% |
| UNH UnitedHealth Group Incorporated Common Stock (DE) | Add | $854.6M | $881.4M | +18% |
| MRK Merck & Company, Inc. Common Stock (new) | Add | $843.7M | $723.2M | +2% |
| CRM Salesforce, Inc. | Add | $826.1M | $1.1B | +8% |
| G1151C101 Accenture PLC Ireland | Add | $773.8M | $971.6M | +8% |
| CI The Cigna Group | Add | $693.1M | $538.9M | +33% |
| LLY Eli Lilly and Company | Add | $689.7M | $794.5M | +1% |
| KLAC KLA Corporation | Trim | $679.1M | $618.2M | -9% |
| HLT Hilton Worldwide Holdings Inc. | Trim | $674.8M | $672.2M | -5% |
| KO The Coca-Cola Company | Trim | $629.7M | $615.8M | -6% |
| STZ Constellation Brands, Inc. | Add | $603.9M | $533.1M | +4% |
| TJX The TJX Companies, Inc. | Trim | $592.9M | $583.5M | -2% |
| ISRG Intuitive Surgical, Inc. | Add | $567.4M | $671.7M | +4% |
| ELV Elevance Health, Inc. | Trim | $564.3M | $887.3M | -23% |
| UBER Uber Technologies, Inc. | Add | $530.6M | $476.3M | +27% |
| DGX Quest Diagnostics Incorporated | Add | $369.0M | $315.1M | +4% |
| TW Tradeweb Markets Inc. | Add | $311.9M | $270.9M | +5% |
| N07059210 Asml Hldg Nv | Add | $204.2M | $139.6M | +18% |
| RIO Rio Tinto Plc | Add | $187.0M | $125.5M | +28% |
| TD The Toronto Dominion Bank | Add | $182.5M | $174.2M | +6% |
| DAR Darling Ingredients Inc. | Trim | $167.4M | $133.8M | -27% |
| ALB Albemarle Corporation | Trim | $162.8M | $130.6M | -2% |
| VOD Vodafone Group Plc | Trim | $151.6M | $137.0M | -3% |
| F92124100 Totalenergies Se | Trim | $138.5M | $101.3M | -4% |
| SQM Sociedad Quimica y Minera S.A. | Trim | $136.0M | $117.9M | -2% |
| PG The Procter & Gamble Company | Add | $129.0M | $96.2M | +33% |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | Trim | $126.6M | $123.8M | -8% |
| D18190898 Deutsche Bk Ag | Add | $118.7M | $148.7M | +7% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.