Hemenway Trust Co LLC

Fundamental diversified ★Signal CIK 1494234
League rank
#223
in Fundamental diversified · #952 overall
Long book
$1.24B
Q1 2026
Positions
135
Top-10 weight
43%
concentration
Last quarter
+17.3%
SPY +14.8%
Turnover
13%
of book per quarter

Strategy in plain words

auto-generated from filings

Hemenway Trust Co LLC is a diversified fundamental manager, running a $1.24B US long book across 135 positions.

The portfolio is moderately concentrated (top 10 ≈ 43% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ALPHABET INC-CL A, NVIDIA CORP, APPLE INC, ANALOG DEVICES INC, MICROSOFT CORP.

Over the last 9 quarters its long book ran on average 1pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+2.5%
Q2 2024
+6.0%
Q3 2024
-1.9%
Q4 2024
-1.9%
Q1 2025
+5.8%
Q2 2025
+5.1%
Q3 2025
+2.9%
Q4 2025
-4.2%
Q1 2026
+17.3%

Sector allocation

Technology
40%
Consumer discretionary
12%
Healthcare
12%
Industrials
10%
Other
9%
Services media
6%
Financials
5%
Energy
3%

Long book by quarter

$1.15B
Q1 2024
$1.17B
Q2 2024
$1.26B
Q3 2024
$1.23B
Q4 2024
$1.23B
Q1 2025
$1.29B
Q2 2025
$1.31B
Q3 2025
$1.31B
Q4 2025
$1.24B
Q1 2026

What does Hemenway Trust own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
GOOGL ALPHABET INC-CL ATechnology262.0K$75.3M6.1%-4.8%
NVDA NVIDIA CORPTechnology385.1K$67.2M5.4%-1.4%
AAPL APPLE INCTechnology255.1K$64.7M5.2%-1.8%
ADI ANALOG DEVICES INCTechnology164.9K$52.5M4.2%-7.1%
MSFT MICROSOFT CORPTechnology139.3K$51.6M4.1%+1.6%
TJX TJX COMPANIES INCConsumer discretionary308.0K$49.2M4.0%-1.2%
AMZN AMAZON.COM INCConsumer discretionary235.1K$49.0M3.9%+0.2%
MA MASTERCARD INC - AServices media87.7K$43.8M3.5%+0.9%
RTX RTX CORPIndustrials217.0K$41.9M3.4%-3.4%
JNJ JOHNSON & JOHNSONHealthcare166.2K$40.6M3.3%-5.6%
AMD ADVANCED MICRO DEVICESTechnology194.4K$39.6M3.2%-4.4%
ABT ABBOTT LABORATORIESHealthcare337.7K$34.7M2.8%+0.3%
HD HOME DEPOT INCConsumer discretionary104.8K$34.5M2.8%-0.1%
ROK ROCKWELL AUTOMATION INCOther89.9K$32.3M2.6%-2.6%
PG PROCTER & GAMBLE CO/THEOther215.8K$31.2M2.5%+1.6%
DHR DANAHER CORPTechnology163.3K$31.0M2.5%+0.7%
CVX CHEVRON CORPEnergy148.9K$30.8M2.5%-1.8%
ADP AUTOMATIC DATA PROCESSINGTechnology136.9K$27.8M2.2%-2.1%
ATR APTARGROUP INCOther217.9K$27.5M2.2%-8.3%
AMAT APPLIED MATERIALS INCTechnology76.9K$26.3M2.1%+5.1%
XYL XYLEM INCIndustrials218.6K$26.1M2.1%+0.1%
LLY ELI LILLY & COHealthcare27.2K$25.0M2.0%+12.8%
VRTX VERTEX PHARMACEUTICALS INCHealthcare51.5K$23.0M1.9%+0.9%
AXP AMERICAN EXPRESS COFinancials59.1K$17.9M1.4%+34.8%
SCHW SCHWAB (CHARLES) CORPFinancials184.3K$17.3M1.4%+36.9%
UBER UBER TECHNOLOGIES INCServices media234.8K$16.9M1.4%+28.6%
NEE NEXTERA ENERGY INCUtilities153.5K$14.3M1.1%+33.4%
CNI CANADIAN NATL RAILWAY COIndustrials124.7K$12.8M1.0%-6.7%
WM WASTE MANAGEMENT INCUtilities49.0K$11.3M0.9%+0.1%
BRK/A BERKSHIRE HATHAWAY INC-CL AFinancials15$10.8M0.9%-21.1%
AVGO BROADCOM INCTechnology25.5K$7.9M0.6%+216.3%
FISV FISERV INCServices media141.1K$7.9M0.6%-26.5%
CARR CARRIER GLOBAL CORPIndustrials138.4K$7.8M0.6%-9.1%
UNH UNITEDHEALTH GROUP INCFinancials26.1K$7.1M0.6%-50.0%
UNP UNION PACIFIC CORPIndustrials25.3K$6.1M0.5%Held
CP CANADIAN PACIFIC KANSAS CITYIndustrials69.0K$5.4M0.4%+9.5%
ABBV ABBVIE INCHealthcare22.9K$5.0M0.4%+0.3%
CRWD CROWDSTRIKE HOLDINGS INC - ATechnology11.2K$4.4M0.4%+3.5%
WMT WALMART INCConsumer discretionary32.1K$4.0M0.3%-2.1%
HON HONEYWELL INTERNATIONAL INCIndustrials16.4K$3.7M0.3%-1.1%
WCN WASTE CONNECTIONS INCUtilities20.5K$3.3M0.3%New
ASML ASML HOLDING NV-NY REG SHSIndustrials2.3K$3.1M0.2%+2.5%
JPM JPMORGAN CHASE & COFinancials10.1K$3.0M0.2%+0.6%
APH AMPHENOL CORP-CL ATechnology20.9K$2.6M0.2%-8.2%
TMO THERMO FISHER SCIENTIFIC INCOther4.6K$2.3M0.2%-3.9%
XOM EXXON MOBIL CORPEnergy13.1K$2.2M0.2%-0.3%
ECL ECOLAB INCOther7.6K$2.0M0.2%-4.9%
GOOG ALPHABET INC-CL CTechnology6.6K$1.9M0.2%-8.7%
MKC MCCORMICK & CO-NON VTG SHRSConsumer staples35.7K$1.8M0.1%-75.1%
COST COSTCO WHOLESALE CORPConsumer discretionary1.5K$1.5M0.1%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 7, 2026135$1.24B canonicalSEC ↗
Q4 202513F-HRFeb 3, 2026127$1.31B canonicalSEC ↗
Q3 202513F-HRNov 7, 2025125$1.31B canonicalSEC ↗
Q2 202513F-HRJul 23, 2025127$1.29B canonicalSEC ↗
Q1 202513F-HRApr 18, 2025127$1.23B canonicalSEC ↗
Q4 202413F-HRFeb 13, 2025125$1.23B canonicalSEC ↗
Q3 202413F-HRNov 5, 2024135$1.26B canonicalSEC ↗
Q2 202413F-HRAug 5, 2024129$1.17B canonicalSEC ↗
Q1 202413F-HRMay 6, 2024132$1.15B canonicalSEC ↗