NORTHEAST INVESTMENT MANAGEMENT

Fundamental diversified ★Signal CIK 1082215
League rank
#472
in Fundamental diversified · #2885 overall
Long book
$2.42B
Q1 2026
Positions
189
Top-10 weight
44%
concentration
Last quarter
+12.6%
SPY +14.8%
Turnover
7%
of book per quarter

Strategy in plain words

auto-generated from filings

NORTHEAST INVESTMENT MANAGEMENT is a diversified fundamental manager, running a $2.42B US long book across 189 positions.

The portfolio is moderately concentrated (top 10 ≈ 44% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, APPLE INC, ALPHABET INC-CL A, AMAZON.COM INC, MICROSOFT CORP.

Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 3 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
+5.0%
Q2 2024
+5.7%
Q3 2024
+1.7%
Q4 2024
-4.3%
Q1 2025
+9.4%
Q2 2025
+7.3%
Q3 2025
+3.4%
Q4 2025
-4.1%
Q1 2026
+12.6%

Sector allocation

Technology
37%
Consumer discretionary
17%
Financials
10%
Industrials
9%
Healthcare
8%
Services media
7%
Utilities
4%
Other
3%

Long book by quarter

$2.03B
Q1 2024
$2.13B
Q2 2024
$2.23B
Q3 2024
$2.25B
Q4 2024
$2.15B
Q1 2025
$2.34B
Q2 2025
$2.48B
Q3 2025
$2.56B
Q4 2025
$2.42B
Q1 2026

What does NORTHEAST INVESTMENT own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology1.1M$195.6M8.1%-4.0%
AAPL APPLE INCTechnology620.2K$157.4M6.5%-2.9%
GOOGL ALPHABET INC-CL ATechnology490.9K$141.2M5.8%-5.5%
AMZN AMAZON.COM INCConsumer discretionary525.8K$109.5M4.5%-1.3%
MSFT MICROSOFT CORPTechnology254.4K$94.2M3.9%-0.3%
COST COSTCO WHOLESALE CORPConsumer discretionary91.2K$90.9M3.8%-0.7%
V VISA INC-CLASS A SHARESServices media238.1K$72.0M3.0%-2.0%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials135.3K$64.8M2.7%-1.9%
META META PLATFORMS INC-CLASS ATechnology107.0K$61.2M2.5%+1.1%
JPM JPMORGAN CHASE & COFinancials194.4K$57.2M2.4%+0.3%
LLY ELI LILLY & COHealthcare54.0K$49.7M2.1%0.0%
WMT WALMART INCConsumer discretionary390.0K$48.5M2.0%+1.0%
ASML ASML HOLDING NV-NY REG SHSIndustrials33.7K$44.5M1.8%+1.1%
ISRG INTUITIVE SURGICAL INCHealthcare93.5K$43.1M1.8%+0.2%
UNP UNION PACIFIC CORPIndustrials172.4K$41.8M1.7%-4.2%
JNJ JOHNSON & JOHNSONHealthcare170.3K$41.6M1.7%-1.3%
TMO THERMO FISHER SCIENTIFIC INCOther81.7K$40.2M1.7%-1.4%
LOW LOWE'S COS INCConsumer discretionary156.7K$37.0M1.5%-1.2%
GS GOLDMAN SACHS GROUP INCFinancials43.7K$36.9M1.5%+3.4%
NEE NEXTERA ENERGY INCUtilities372.2K$34.6M1.4%-1.7%
WM WASTE MANAGEMENT INCUtilities141.7K$32.5M1.3%+0.2%
DHR DANAHER CORPTechnology157.1K$29.8M1.2%-1.3%
XOM EXXON MOBIL CORPEnergy165.2K$28.0M1.2%-2.8%
GOOG ALPHABET INC-CL CTechnology93.2K$26.7M1.1%-8.3%
PANW PALO ALTO NETWORKS INCTechnology151.4K$24.3M1.0%-3.7%
MCD MCDONALD'S CORPConsumer discretionary77.0K$23.9M1.0%-2.8%
TJX TJX COMPANIES INCConsumer discretionary148.8K$23.8M1.0%+0.7%
HON HONEYWELL INTERNATIONAL INCIndustrials99.7K$22.5M0.9%-5.0%
URI UNITED RENTALS INCServices media30.3K$22.0M0.9%0.0%
DE DEERE & COIndustrials37.3K$21.0M0.9%-2.6%
CVX CHEVRON CORPEnergy99.8K$20.6M0.9%-2.5%
BX BLACKSTONE INCFinancials176.0K$20.2M0.8%-15.2%
NFLX NETFLIX INCServices media188.7K$18.1M0.8%-7.4%
PWR QUANTA SERVICES INCIndustrials29.5K$16.2M0.7%+54.9%
BLK BLACKROCK INCFinancials15.9K$15.3M0.6%-4.5%
DIS WALT DISNEY CO/THEServices media143.1K$13.8M0.6%-4.8%
PG PROCTER & GAMBLE CO/THEOther90.0K$13.0M0.5%-2.4%
SPOT SPOTIFY TECHNOLOGY SACommunications26.4K$12.8M0.5%+10.9%
CAT CATERPILLAR INCIndustrials17.8K$12.6M0.5%-1.4%
SHW SHERWIN-WILLIAMS CO/THEConsumer discretionary34.0K$10.9M0.5%+0.1%
GEV GE VERNOVA INCIndustrials11.9K$10.4M0.4%+22.1%
UBER UBER TECHNOLOGIES INCServices media132.8K$9.6M0.4%-5.5%
TSLA TESLA INCIndustrials24.8K$9.2M0.4%+4.4%
PEP PEPSICO INCConsumer staples57.3K$8.9M0.4%-6.0%
ABT ABBOTT LABORATORIESHealthcare85.3K$8.8M0.4%-6.0%
MA MASTERCARD INC - AServices media16.7K$8.4M0.3%-2.5%
BAC BANK OF AMERICA CORPFinancials145.5K$7.1M0.3%-1.1%
MRK MERCK & CO. INC.Healthcare48.7K$5.9M0.2%+2.9%
LMT LOCKHEED MARTIN CORPIndustrials9.0K$5.4M0.2%-4.1%
CEG CONSTELLATION ENERGYUtilities19.3K$5.4M0.2%+131.8%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 21, 2026189$2.42B canonicalSEC ↗
Q4 202513F-HRFeb 4, 2026188$2.56B canonicalSEC ↗
Q3 202513F-HRNov 7, 2025181$2.48B canonicalSEC ↗
Q2 202513F-HRJul 29, 2025185$2.34B canonicalSEC ↗
Q1 202513F-HRApr 15, 2025180$2.15B canonicalSEC ↗
Q4 202413F-HRJan 28, 2025182$2.25B canonicalSEC ↗
Q3 202413F-HROct 29, 2024182$2.23B canonicalSEC ↗
Q2 202413F-HRJul 26, 2024182$2.13B canonicalSEC ↗
Q1 202413F-HRMay 1, 2024183$2.03B canonicalSEC ↗