MASSACHUSETTS FINANCIAL SERVICES CO /MA/
Long book
$297.20B
Q1 2026
Positions
940
Top-10 weight
21%
concentration
Last quarter
+10.6%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsMASSACHUSETTS FINANCIAL SERVICES CO /MA/ is an institutional manager, running a $297.20B US long book across 940 positions.
The portfolio is broadly diversified across 940 positions (top 10 only 21%). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, MICROSOFT CORP, APPLE INC, ALPHABET INC-CL A, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 1.3pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.8%
Q2 2024
+6.4%
Q3 2024
-0.3%
Q4 2024
-1.8%
Q1 2025
+9.0%
Q2 2025
+5.4%
Q3 2025
+1.1%
Q4 2025
-2.3%
Q1 2026
+10.6%
Sector allocation
Technology 24%
Financials 19%
Industrials 13%
Healthcare 8%
Consumer discretionary 7%
Services media 7%
Utilities 6%
Other 5%
Long book by quarter
What does MASSACHUSETTS FINANCIAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 65.3M | $11.56B | 3.9% | -2.8% |
| MSFT MICROSOFT CORP | Technology | 25.5M | $10.67B | 3.6% | -5.9% |
| AAPL APPLE INC | Technology | 30.3M | $7.85B | 2.6% | +12.7% |
| GOOGL ALPHABET INC-CL A | Technology | 23.4M | $6.95B | 2.3% | -7.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 26.0M | $6.57B | 2.2% | -8.6% |
| JPM JPMORGAN CHASE & CO | Financials | 14.7M | $4.33B | 1.5% | -5.5% |
| AVGO BROADCOM INC | Technology | 9.0M | $3.42B | 1.2% | +11.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 13.4M | $3.32B | 1.1% | -18.0% |
| CI THE CIGNA GROUP | Financials | 11.6M | $3.11B | 1.0% | -1.8% |
| XOM EXXON MOBIL CORP | Energy | 17.9M | $3.05B | 1.0% | -6.9% |
| LIN LINDE PLC | Materials | 4.8M | $3.02B | 1.0% | -7.0% |
| MA MASTERCARD INC - A | Services media | 5.5M | $2.82B | 0.9% | -6.0% |
| FNV FRANCO-NEVADA CORP | Materials | 11.1M | $2.82B | 0.9% | -5.1% |
| RTX RTX CORP | Industrials | 14.1M | $2.75B | 0.9% | -0.1% |
| AON AON PLC-CLASS A | Financials | 8.4M | $2.75B | 0.9% | -2.2% |
| COP CONOCOPHILLIPS | Energy | 20.3M | $2.69B | 0.9% | -9.3% |
| MDT MEDTRONIC PLC | Healthcare | 21.4M | $2.66B | 0.9% | +2.3% |
| UBS UBS GROUP AG-REG | Financials | 65.5M | $2.60B | 0.9% | -4.5% |
| WTW WILLIS TOWERS WATSON PLC | Financials | 5.9M | $2.58B | 0.9% | -1.8% |
| META META PLATFORMS INC-CLASS A | Technology | 4.4M | $2.57B | 0.9% | -8.6% |
| MCK MCKESSON CORP | Consumer discretionary | 2.9M | $2.53B | 0.8% | -15.8% |
| ACN ACCENTURE PLC-CL A | Services media | 9.8M | $2.52B | 0.8% | -8.1% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 8.7M | $2.52B | 0.8% | +27.2% |
| AEM AGNICO EAGLE MINES LTD | Materials | 11.9M | $2.50B | 0.8% | +1.7% |
| NDAQ NASDAQ INC | Financials | 29.1M | $2.47B | 0.8% | +5.2% |
| KLAC KLA CORP | Other | 1.6M | $2.44B | 0.8% | -5.7% |
| PGR PROGRESSIVE CORP | Financials | 12.1M | $2.40B | 0.8% | -5.3% |
| V VISA INC-CLASS A SHARES | Services media | 4.2M | $2.33B | 0.8% | -8.2% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 14.5M | $2.25B | 0.8% | -5.5% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 3.0M | $2.25B | 0.8% | -2.4% |
| BDX BECTON DICKINSON AND CO | Healthcare | 9.1M | $2.22B | 0.7% | -4.1% |
| CB CHUBB LTD | Financials | 6.5M | $2.15B | 0.7% | -5.4% |
| WAT WATERS CORP | Healthcare | 4.6M | $2.06B | 0.7% | +76.4% |
| ADI ANALOG DEVICES INC | Technology | 6.2M | $1.99B | 0.7% | -21.3% |
| GD GENERAL DYNAMICS CORP | Industrials | 5.7M | $1.98B | 0.7% | -9.0% |
| MS MORGAN STANLEY | Financials | 11.7M | $1.93B | 0.7% | -5.7% |
| PCG P G & E CORP | Utilities | 109.4M | $1.93B | 0.6% | -5.4% |
| DUK DUKE ENERGY CORP | Utilities | 14.4M | $1.90B | 0.6% | -10.3% |
| APH AMPHENOL CORP-CL A | Technology | 14.0M | $1.83B | 0.6% | -12.2% |
| HWM HOWMET AEROSPACE INC | Industrials | 7.6M | $1.78B | 0.6% | -22.3% |
| UNP UNION PACIFIC CORP | Industrials | 7.0M | $1.74B | 0.6% | -7.6% |
| BA BOEING CO/THE | Industrials | 8.7M | $1.74B | 0.6% | -9.7% |
| ETN EATON CORP PLC | Industrials | 4.7M | $1.71B | 0.6% | -14.8% |
| D DOMINION ENERGY INC | Utilities | 26.6M | $1.64B | 0.6% | -4.8% |
| PFE PFIZER INC | Healthcare | 56.9M | $1.62B | 0.5% | +1.9% |
| ABT ABBOTT LABORATORIES | Healthcare | 15.5M | $1.61B | 0.5% | +6.8% |
| TRU TRANSUNION | Services media | 13.1M | $1.60B | 0.5% | -15.4% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 7.5M | $1.59B | 0.5% | -11.8% |
| AXP AMERICAN EXPRESS CO | Financials | 5.1M | $1.56B | 0.5% | -12.7% |
| C CITIGROUP INC | Financials | 13.4M | $1.52B | 0.5% | -12.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 3996 | $297.52B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 22, 2026 | 3918 | $310.12B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 29, 2025 | 3802 | $322.80B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 8, 2025 | 3634 | $315.08B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 2, 2025 | 3631 | $300.81B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 3379 | $316.87B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 3250 | $334.82B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 3274 | $325.32B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 3242 | $334.73B | canonical | SEC ↗ |
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