FACTORY MUTUAL INSURANCE CO
CIK 887818 · View on SEC EDGAR ↗
- Portfolio value
- $10.6B
- Positions
- 205
- As of
- June 30, 2026
#457 of 9,443 by 13F value · top 4.8%
Portfolio value QoQ: +19.7% 13F does not disclose cash
- Top 10 holdings weight
- 36.35%
- Top 25 holdings weight
- 56.06%
- Positions above 1%
- 24
- Effective number of positions
- 53.1
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 5.71% Est. buys $1,372,301,257 · sells $557,741,348
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 84.4% still held
- New positions
- 15
- Increased
- 31
- Decreased
- 105
- Closed
- 6
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
28.6%
Healthcare
7.0%
Communication Services
6.9%
Industrials
6.5%
Retail
6.1%
Financial Services
4.0%
Financials
3.8%
Consumer Discretionary
2.4%
Consumer Staples
1.7%
Energy
1.6%
Materials
1.1%
Real Estate
1.0%
Consumer products
0.9%
Communications
0.5%
Telecommunication
0.4%
Utilities
0.3%
Logistics & Transportation
0.2%
Diversified Consumer Services
0.0%
Other/Unmapped
26.9%
Full portfolio 205 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| NVDA NVIDIA Corporation - Common Stock | $566,874,579 | 5.33% | 2,833,098 | $60,670,208 | Down ×4 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $528,465,434 | 4.97% | 1,495,671 | $98,312,840 | Down ×1 | ||
| AAPL Apple Inc. - Common Stock | $497,329,109 | 4.67% | 1,718,721 | $65,690,437 | Up ×1 | ||
| DFCF | $426,060,775 | 4.00% | 10,093,835 | $234,450,794 | Up ×1 | ||
| JCPB | $374,736,759 | 3.52% | 7,983,314 | $99,492,296 | Up ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $344,602,590 | 3.24% | 923,818 | $-15,412,907 | Down ×6 | ||
| AMZN Amazon.com, Inc. - Common Stock | $329,725,276 | 3.10% | 1,383,424 | $43,515,644 | Up ×2 | ||
| AGG | $291,092,658 | 2.74% | 2,940,924 | $110,130,993 | Up ×1 | ||
| AVGO Broadcom Inc. - Common Stock | $272,176,430 | 2.56% | 720,520 | $40,014,527 | Down ×1 | ||
| XLE XLE | $236,363,134 | 2.22% | 4,450,445 | $71,982,338 | Up ×3 | ||
| KLAC KLA Corporation - Common Stock | $179,184,060 | 1.68% | 593,895 | $84,910,065 | Up ×2 | ||
| DFAX | $177,076,249 | 1.66% | 4,806,630 | $13,795,028 | |||
| MU Micron Technology, Inc. - Common Stock | $174,407,448 | 1.64% | 151,095 | $116,689,173 | Down ×1 | ||
| JPM JP Morgan Chase & Co. Common Stock | $169,090,495 | 1.59% | 516,575 | $16,355,269 | Down ×1 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $159,969,290 | 1.50% | 283,991 | $-3,425,889 | Down ×4 | ||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $151,234,480 | 1.42% | 316,675 | $40,226,354 | Down ×1 | ||
| XLU XLU | $144,244,676 | 1.36% | 3,181,400 | $-3,011,745 | Down ×2 | ||
| JIRE | $137,851,514 | 1.30% | 1,671,130 | $11,280,128 | |||
| V Visa Inc. | $128,149,604 | 1.20% | 373,516 | $20,158,950 | Up ×2 | ||
| AMD Advanced Micro Devices, Inc. - Common Stock | $122,904,291 | 1.16% | 211,572 | $90,137,414 | Up ×1 | ||
| BRKB | $117,791,806 | 1.11% | 235,400 | $4,221,406 | Down ×1 | ||
| TSLA Tesla, Inc. - Common Stock | $112,531,530 | 1.06% | 267,550 | $12,382,080 | Down ×1 | ||
| ASML ASML Holding N.V. - New York Registry Shares | $112,385,455 | 1.06% | 56,491 | $36,793,033 | Down ×3 | ||
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $108,957,405 | 1.02% | 262,150 | $37,724,587 | Down ×1 | ||
| CDNS Cadence Design Systems, Inc. - Common Stock | $101,137,856 | 0.95% | 269,471 | $20,063,448 | Down ×1 | ||
| VOO | $99,587,450 | 0.94% | 145,000 | ||||
| HYDB | $99,003,438 | 0.93% | 2,116,815 | $529,204 | |||
| LLY Eli Lilly and Company Common Stock | $97,153,830 | 0.91% | 81,000 | $22,514,494 | Down ×3 | ||
| RSP | $95,336,067 | 0.90% | 448,071 | Up ×1 | |||
| IWR | $83,699,784 | 0.79% | 758,700 | $9,931,383 | |||
| APH Amphenol Corporation Common Stock | $72,226,667 | 0.68% | 409,634 | $19,104,831 | Down ×1 | ||
| JNJ Johnson & Johnson Common Stock | $71,469,698 | 0.67% | 281,410 | $-6,313,554 | Down ×3 | ||
| PM Philip Morris International Inc Common Stock | $71,324,853 | 0.67% | 394,256 | $128,457 | Down ×1 | ||
| AME AMETEK, Inc. | $68,227,080 | 0.64% | 282,000 | $21,646,652 | Up ×3 | ||
| CAT Caterpillar, Inc. Common Stock | $68,153,600 | 0.64% | 64,000 | $22,741,314 | Down ×1 | ||
| XOM Exxon Mobil Corporation Common Stock | $66,726,743 | 0.63% | 488,054 | $-48,753,015 | Down ×1 | ||
| XLY XLY | $66,615,040 | 0.63% | 568,000 | $4,714,400 | |||
| MS Morgan Stanley Common Stock | $65,977,205 | 0.62% | 315,620 | $11,825,446 | Down ×1 | ||
| ETN Eaton Corporation, PLC Ordinary Shares | $64,735,724 | 0.61% | 151,919 | $14,619,361 | Up ×2 | ||
| PFGC Performance Food Group Company Common Stock | $63,882,396 | 0.60% | 571,450 | $14,931,989 | |||
| CRWD CrowdStrike Holdings, Inc. - Class A Common Stock | $62,806,422 | 0.59% | 82,300 | $26,283,566 | Down ×1 | ||
| WMT Walmart Inc. - Common Stock | $62,533,791 | 0.59% | 552,126 | $-13,050,322 | Down ×3 | ||
| GLD | $62,072,030 | 0.58% | 168,500 | $-10,431,835 | |||
| XLI XLI | $61,566,747 | 0.58% | 332,380 | $-10,115,709 | Down ×2 | ||
| MRVL Marvell Technology, Inc. - Common Stock | $58,746,589 | 0.55% | 197,209 | $46,186,158 | Up ×1 | ||
| KO Coca-Cola Company (The) Common Stock | $58,624,115 | 0.55% | 721,350 | $3,381,395 | Down ×1 | ||
| DDOG Datadog, Inc. - Class A Common Stock | $58,526,585 | 0.55% | 224,791 | $24,234,122 | Down ×1 | ||
| PG Procter & Gamble Company (The) Common Stock | $57,891,566 | 0.54% | 394,787 | $471,322 | Down ×1 | ||
| UNP Union Pacific Corporation Common Stock | $56,358,400 | 0.53% | 207,200 | $5,614,427 | Down ×3 | ||
| ANET Arista Networks, Inc. Common Stock | $55,095,482 | 0.52% | 324,320 | $14,084,506 | Down ×1 | ||
| ISRG Intuitive Surgical, Inc. - Common Stock | $52,821,846 | 0.50% | 132,825 | $21,428,427 | Up ×3 | ||
| DE Deere & Company Common Stock | $52,719,166 | 0.50% | 83,110 | $19,540,796 | Up ×2 | ||
| DHR Danaher Corporation Common Stock | $51,696,272 | 0.49% | 271,400 | $10,590,992 | Up ×2 | ||
| USHY | $50,162,100 | 0.47% | 1,355,000 | $243,900 | |||
| IXUS iShares Core MSCI Total International Stock ETF | $50,010,560 | 0.47% | 524,000 | ||||
| GE GE Aerospace Common Stock | $49,413,459 | 0.46% | 132,217 | $11,596,282 | Down ×4 | ||
| MPWR Monolithic Power Systems, Inc. - Common Stock | $49,014,339 | 0.46% | 35,457 | $5,310,953 | Down ×1 | ||
| HD Home Depot, Inc. (The) Common Stock | $48,493,500 | 0.46% | 137,500 | $2,975,124 | Down ×1 | ||
| XLB XLB | $47,932,690 | 0.45% | 943,000 | ||||
| SYY Sysco Corporation Common Stock | $46,983,243 | 0.44% | 562,135 | $30,720,003 | Up ×2 | ||
| ABBV AbbVie Inc. Common Stock | $46,867,950 | 0.44% | 186,250 | $6,273,441 | Down ×1 | ||
| LIN Linde plc - Ordinary Shares | $45,718,614 | 0.43% | 88,100 | $-4,601,026 | Down ×1 | ||
| WELL Welltower Inc. Common Stock | $43,135,649 | 0.41% | 190,050 | $5,195,100 | Down ×3 | ||
| IWM | $41,335,911 | 0.39% | 137,580 | $7,216,071 | |||
| FXI | $41,262,858 | 0.39% | 1,306,200 | ||||
| LRCX Lam Research Corporation - Common Stock | $40,538,022 | 0.38% | 93,550 | $27,846,618 | Up ×1 | ||
| CVX Chevron Corporation Common Stock | $39,478,562 | 0.37% | 238,167 | $-35,650,345 | Down ×1 | ||
| HUBB Hubbell Inc Common Stock | $39,475,440 | 0.37% | 75,450 | $4,338,456 | Up ×2 | ||
| WFC Wells Fargo & Company Common Stock | $38,975,834 | 0.37% | 471,634 | $1,066,826 | Down ×3 | ||
| NOW ServiceNow, Inc. Common Stock | $38,664,596 | 0.36% | 389,450 | $-2,402,644 | Down ×2 | ||
| TJX TJX Companies, Inc. (The) Common Stock | $38,526,450 | 0.36% | 254,300 | $-2,228,990 | Down ×1 | ||
| SLB SLB Limited Common Shares | $37,268,569 | 0.35% | 801,647 | $2,896,522 | Up ×2 | ||
| TMO Thermo Fisher Scientific Inc Common Stock | $37,193,392 | 0.35% | 74,185 | $3,629,266 | Up ×1 | ||
| DFAE | $37,182,187 | 0.35% | 924,700 | $-67,340,247 | Down ×1 | ||
| AMT American Tower Corporation (REIT) Common Stock | $36,991,356 | 0.35% | 226,150 | $-2,305,110 | Down ×1 | ||
| MCD McDonald's Corporation Common Stock | $36,437,788 | 0.34% | 134,800 | $-5,891,810 | Down ×1 | ||
| DXCM DexCom, Inc. - Common Stock | $36,222,851 | 0.34% | 537,830 | $2,315,247 | Down ×1 | ||
| MRK Merck & Company, Inc. Common Stock (new) | $35,983,084 | 0.34% | 280,024 | $2,178,707 | Down ×1 | ||
| ALGN Align Technology, Inc. - Common Stock | $35,574,273 | 0.33% | 210,923 | $-3,630,568 | Down ×1 | ||
| VZ Verizon Communications Inc. Common Stock | $35,377,864 | 0.33% | 835,566 | $-6,823,569 | Down ×1 | ||
| RTX RTX Corporation Common Stock | $35,302,112 | 0.33% | 186,065 | $-7,486,002 | Down ×1 | ||
| KKR KKR & Co. Inc. Common Stock | $33,859,937 | 0.32% | 368,925 | $-3,047,563 | Down ×1 | ||
| GEV GE Vernova Inc. Common Stock | $33,677,362 | 0.32% | 28,665 | $8,655,683 | |||
| AXP American Express Company Common Stock | $33,638,963 | 0.32% | 99,450 | $3,239,723 | Down ×1 | ||
| CRBG Corebridge Financial Inc. Common Stock | $33,461,313 | 0.31% | 1,168,750 | $10,713,189 | Up ×2 | ||
| TXN Texas Instruments Incorporated - Common Stock | $32,385,306 | 0.30% | 108,650 | $11,185,218 | Down ×1 | ||
| BAC Bank of America Corporation Common Stock | $30,366,351 | 0.29% | 532,930 | $4,281,201 | Down ×1 | ||
| XLRE XLRE | $29,015,770 | 0.27% | 659,000 | $2,108,800 | |||
| GS Goldman Sachs Group, Inc. (The) Common Stock | $28,621,771 | 0.27% | 28,300 | $4,426,457 | Down ×1 | ||
| SPG Simon Property Group, Inc. Common Stock | $28,524,768 | 0.27% | 127,542 | $4,725,032 | Down ×1 | ||
| ECL Ecolab Inc. Common Stock | $27,944,583 | 0.26% | 100,300 | $970,155 | Down ×1 | ||
| PLTR Palantir Technologies Inc. - Class A Common Stock | $27,937,448 | 0.26% | 239,457 | $-8,611,634 | Down ×2 | ||
| VLTO Veralto Corp Common Stock | $27,696,183 | 0.26% | 312,316 | $-100,059 | Down ×1 | ||
| CB Chubb Limited Common Stock | $27,497,718 | 0.26% | 80,700 | $869,237 | Down ×3 | ||
| COST Costco Wholesale Corporation - Common Stock | $27,035,083 | 0.25% | 28,900 | $-2,060,673 | Down ×1 | ||
| CTVA Corteva, Inc. Common Stock | $26,508,648 | 0.25% | 313,008 | $-5,314,378 | Down ×1 | ||
| PNC PNC Financial Services Group, Inc. (The) Common Stock | $26,222,430 | 0.25% | 106,500 | $3,956,800 | Down ×1 | ||
| LHX L3Harris Technologies, Inc. Common Stock | $25,717,215 | 0.24% | 88,500 | $-13,940,520 | Down ×1 | ||
| CVS CVS Health Corporation Common Stock | $24,941,071 | 0.23% | 241,093 | $7,507,269 | Down ×3 | ||
| MDLZ Mondelez International, Inc. - Class A Common Stock | $24,639,840 | 0.23% | 426,000 | $-1,260 | Down ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| VOO | $99,587,450 | 145,000 | 0.94% |
| RSP | $95,336,067 | 448,071 | 0.90% |
| IXUS | $50,010,560 | 524,000 | 0.47% |
| XLB | $47,932,690 | 943,000 | 0.45% |
| FXI | $41,262,858 | 1,306,200 | 0.39% |
| UL | $22,572,475 | 375,457 | 0.21% |
| SNDK | $21,941,495 | 9,650 | 0.21% |
| ADI | $14,496,705 | 36,500 | 0.14% |
| Unknown issuer (CUSIP: 438516205) | $9,168,705 | 40,950 | 0.09% |
| Unknown issuer (CUSIP: 43849R105) | $9,053,226 | 40,950 | 0.09% |
| WDC | $7,728,512 | 12,100 | 0.07% |
| Unknown issuer (CUSIP: 314352105) | $4,194,025 | 27,775 | 0.04% |
| ARM | $3,935,727 | 11,100 | 0.04% |
| LYG | $2,334,577 | 400,442 | 0.02% |
| NOK | $1,137,578 | 85,661 | 0.01% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| DFCF | Bought more | +5.6M | +$234.5M |
| MU | Trimmed | -20K | +$116.7M |
| AGG | Bought more | +1.1M | +$110.1M |
| JCPB | Bought more | +2.1M | +$99.5M |
| GOOG | Trimmed | -4K | +$98.3M |
| AMD | Bought more | +50K | +$90.1M |
| KLAC | Bought more | +530K | +$84.9M |
| XLE | Bought more | +1.8M | +$72.0M |
| DFAE | Trimmed | -2.2M | -$67.3M |
| AAPL | Bought more | +18K | +$65.7M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| XLK | March 31, 2025 | 799,885 | $185,989,260 | No longer tracked |
| XLK | March 31, 2026 | 1,022,030 | $147,141,659 | No longer tracked |
| IXUS | March 31, 2026 | 1,647,735 | $139,464,290 | |
| VGK | June 30, 2026 | 1,117,555 | $92,120,059 | No longer tracked |
| IEMG | June 30, 2025 | 1,365,000 | $73,669,050 | No longer tracked |
| VOO | March 31, 2026 | 112,887 | $70,794,824 | No longer tracked |
| XLB | March 31, 2026 | 1,317,600 | $59,753,160 | No longer tracked |
| LCTD | March 31, 2025 | 1,147,970 | $49,958,162 | No longer tracked |
| HES | Sept. 30, 2025 | 342,700 | $47,477,658 | No longer tracked |
| ULXXXX | Dec. 31, 2025 | 700,409 | $41,520,246 | No longer tracked |
| QQQ | March 31, 2025 | 80,154 | $40,977,129 | |
| LCTU | March 31, 2025 | 637,908 | $40,858,007 | No longer tracked |
| EEM | June 30, 2025 | 923,400 | $40,352,580 | No longer tracked |
| VPL | June 30, 2026 | 350,000 | $34,205,500 | No longer tracked |
| CMCSA | Dec. 31, 2025 | 1,046,200 | $32,871,604 | -4.9% |
| ACWI | March 31, 2025 | 275,000 | $32,312,500 | |
| UL | March 31, 2026 | 457,195 | $29,900,553 | 11.7% |
| BJ | Dec. 31, 2025 | 301,537 | $28,118,325 | -0.6% |
| SPY | Sept. 30, 2025 | 44,550 | $27,525,218 | No longer tracked |
| EWY | March 31, 2025 | 437,000 | $22,238,930 | No longer tracked |
| EWT | March 31, 2025 | 427,152 | $22,109,388 | No longer tracked |
| HON | June 30, 2026 | 82,400 | $18,624,872 | -1.2% |
| UPS | March 31, 2025 | 123,700 | $15,598,570 | -7.1% |
| USFD | March 31, 2026 | 206,850 | $15,579,942 | 18.1% |
| FXI | March 31, 2025 | 498,000 | $15,159,120 | No longer tracked |
| ILMN | March 31, 2025 | 111,000 | $14,832,930 | 165.7% |
| ZBH | June 30, 2025 | 129,600 | $14,668,128 | 10.8% |
| VRTX | June 30, 2025 | 29,900 | $14,496,118 | 22.2% |
| EXAS | Dec. 31, 2025 | 253,500 | $13,868,985 | No longer tracked |
| CI | March 31, 2025 | 45,200 | $12,481,528 | -15.4% |
| EWA | March 31, 2025 | 465,100 | $11,097,286 | No longer tracked |
| WBD | Dec. 31, 2025 | 511,406 | $9,987,759 | -1.6% |
| BIIB | June 30, 2025 | 49,200 | $6,732,528 | 75.2% |
| QCOM | March 31, 2026 | 33,700 | $5,764,385 | 25.8% |
| HUM | June 30, 2025 | 21,600 | $5,715,360 | 56.6% |
| AZN | March 31, 2026 | 57,852 | $5,318,334 | -17.2% |
| DEO | March 31, 2026 | 24,675 | $2,128,712 | 25.6% |
| FMS | March 31, 2026 | 67,196 | $1,600,609 | 5.4% |
| TCOM | March 31, 2026 | 15,496 | $1,114,317 | -7.5% |
| FUTU | June 30, 2026 | 7,992 | $1,092,986 | 18.6% |
| TME | June 30, 2026 | 34,468 | $319,863 | 4.9% |
| ADBE | June 30, 2026 | 1,300 | $316,004 | 33.6% |
| MICC | March 31, 2026 | 14,101 | $223,501 | 32.2% |