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FACTORY MUTUAL INSURANCE CO

404 WYMAN STREET SUITE 390, WALTHAM, MA 02451 • 7818909300

Q2 2025 · Filed 2025-08-07
Market Value
$9.1B
+6.1%
Holdings
168
-11
New Purchases
1
Added To
28
Closed
6
Reduced
26
Top 10 Concentration
38.2%
Turnover
4.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 5.21% 3.67% +1.54% $477M
XLK 1.37% 0.00% +1.37% $126M
MSFT 5.80% 4.75% +1.06% $531M
AVGO 2.51% 1.70% +0.81% $230M
VOO 0.85% 0.29% +0.56% $77M
JCPB 1.65% 1.17% +0.48% $151M
META 2.62% 2.18% +0.45% $240M
NOW 0.89% 0.59% +0.29% $81M
AMZN 3.22% 2.96% +0.26% $294M
GOOG 3.21% 3.01% +0.21% $294M
JPM 1.80% 1.61% +0.18% $164M
TSM 0.51% 0.33% +0.18% $47M
KLAC 0.67% 0.50% +0.17% $61M
NFLX 0.65% 0.48% +0.17% $59M
HUBB 0.32% 0.15% +0.17% $29M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AGG 2.44% 6.07% -3.63% $224M
IEMG 0.00% 0.85% -0.85% $0
AAPL 4.09% 4.77% -0.68% $374M
EEM 0.00% 0.47% -0.47% $0
UNH 0.72% 1.18% -0.46% $66M
MRK 0.24% 0.51% -0.26% $22M
SPY 0.30% 0.56% -0.26% $28M
JNJ 0.72% 0.95% -0.23% $66M
BRK-B 1.35% 1.57% -0.22% $124M
ABBV 0.47% 0.67% -0.20% $43M
ADBE 0.21% 0.40% -0.19% $19M
TMUS 0.41% 0.60% -0.19% $38M
HON 0.21% 0.39% -0.18% $19M
ZBH 0.00% 0.17% -0.17% $0
VRTX 0.00% 0.17% -0.17% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 32.5%
Technology 28.0%
Communication Services 7.9%
Consumer Cyclical 7.6%
Healthcare 7.3%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 53 $4.6B 50.0%
Large Cap 108 $4.3B 47.0%
Mid Cap 6 $237M 2.6%
Small Cap 1 $37M 0.4%

Portfolio Analytics

Avg Market Cap
$364.0B
Median Market Cap
$118.3B
Avg P/E
35.5
Median P/E
27.6
Avg Dividend Yield
0.01%
Avg Beta
0.96
# Stocks
138
# ETFs / Funds
30

Top Holdings (168 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IXUS 7.01% 8,299,460 $642M $77.31 $44M -267,300 -3.1%
2 MSFT 5.80% 1,067,268 $531M $497.41 $122M -22,500 -2.1%
3 NVDA 5.21% 3,018,848 $477M $157.99 $160M +99,000 +3.4%
4 AAPL 4.09% 1,825,221 $374M $205.17 -$37M -25,800 -1.4%
5 AMZN 3.22% 1,342,024 $294M $219.39 $39M
6 GOOG 3.21% 1,658,121 $294M $177.39 $35M
7 META 2.62% 325,341 $240M $738.09 $53M
8 AVGO 2.51% 833,945 $230M $275.65 $83M -43,500 -5.0%
9 AGG 2.44% 2,253,600 $224M $99.20 -$300M -3,039,057 -57.4%
10 XLU 2.01% 2,257,300 $184M $81.66 $6M
11 JPM 1.80% 566,725 $164M $289.91 $25M
12 JCPB 1.65% 3,216,300 $151M $47.06 $50M +1,065,000 +49.5%
13 XLI 1.49% 923,500 $136M $147.52 $15M
14 XLK 1.37% 496,200 $126M $253.23 +496,200 NEW
15 BRK-B 1.35% 254,500 $124M $485.77 -$12M
16 V 1.34% 345,051 $123M $355.05 $2M
17 DFCF 1.29% 2,793,770 $118M $42.26 $559K
18 VGK 1.20% 1,412,500 $109M $77.50 $10M
19 IWR 0.98% 978,700 $90M $91.97 $7M
20 DFAE 0.98% 3,086,900 $89M $28.95 $9M
21 TSLA 0.94% 269,400 $86M $317.66 $16M
22 DFAX 0.92% 2,860,480 $84M $29.37 $9M
23 NOW 0.89% 79,000 $81M $1,028.08 $30M +14,600 +22.7%
24 VOO 0.85% 136,200 $77M $568.03 $53M +88,000 +182.6%
25 GLD 0.84% 252,100 $77M $304.83 $4M
26 PM 0.84% 420,806 $77M $182.13 $10M
27 XOM 0.81% 683,654 $74M $107.80 -$8M
28 XLB 0.80% 833,800 $73M $87.81 $2M
29 LLY 0.74% 86,500 $67M $779.53 -$7M -4,000 -4.4%
30 CDNS 0.73% 215,971 $67M $308.15 $13M +7,000 +3.4%
31 WMT 0.73% 679,576 $66M $97.78 -$3M -110,000 -13.9%
32 UNH 0.72% 212,400 $66M $311.97 -$36M +17,800 +9.2%
33 JNJ 0.72% 432,560 $66M $152.75 -$16M -62,000 -12.5%
34 PG 0.69% 397,537 $63M $159.32 -$4M
35 XLY 0.67% 284,000 $62M $217.33 $6M
36 KLAC 0.67% 68,252 $61M $895.74 $18M +5,300 +8.4%
37 NFLX 0.65% 44,348 $59M $1,339.13 $18M
38 ASML 0.62% 70,621 $57M $801.39 $11M +2,500 +3.7%
39 WFC 0.62% 706,064 $57M $80.12 $6M
40 VZ 0.62% 1,305,366 $56M $43.27 -$3M
41 UNP 0.59% 235,150 $54M $230.08 -$1M
42 ETN 0.59% 150,119 $54M $356.99 $8M -19,000 -11.2%
43 KO 0.56% 726,400 $51M $70.75 -$11M -151,000 -17.2%
44 USHY 0.56% 1,355,000 $51M $37.51 $948K
45 KKR 0.55% 379,000 $50M $133.03 $16M +82,500 +27.8%
46 AMT 0.55% 227,700 $50M $221.02 $779K
47 CTVA 0.54% 663,058 $49M $74.53 $8M
48 HES 0.52% 342,700 $47M $138.54 -$7M
49 TSM 0.51% 206,420 $47M $226.49 $18M +33,000 +19.0%
50 GE 0.51% 181,067 $47M $257.39 $10M
51 MS 0.51% 329,050 $46M $140.86 -$1M -77,300 -19.0%
52 DXCM 0.48% 497,930 $43M $87.29 $8M -23,700 -4.5%
53 ABBV 0.47% 233,300 $43M $185.62 -$15M -43,000 -15.6%
54 ORCL 0.47% 197,956 $43M $218.63 $16M
55 DHR 0.47% 216,800 $43M $197.54 -$2M
56 IWM 0.46% 194,755 $42M $215.79 $3M
57 ALGN 0.46% 220,293 $42M $189.33 $9M +17,500 +8.6%
58 LIN 0.45% 88,600 $42M $469.18 $314K
59 WELL 0.45% 265,300 $41M $153.73 $138K
60 MCD 0.43% 136,200 $40M $292.17 -$3M
61 TMO 0.43% 96,435 $39M $405.46 -$6M +5,700 +6.3%
62 APH 0.42% 393,634 $39M $98.75 $13M
63 UL 0.42% 629,900 $39M $61.17 $4M +50,000 +8.6%
64 BKNG 0.41% 6,530 $38M $5,789.24 $8M
65 TMUS 0.41% 157,907 $38M $238.26 -$14M -35,000 -18.1%
66 CMCSA 0.41% 1,046,200 $37M $35.69 -$1M
67 KIE 0.40% 615,100 $37M $59.74 -$486K
68 AME 0.40% 201,800 $37M $180.96 $7M +30,500 +17.8%
69 MDLZ 0.40% 539,500 $36M $67.44 -$4M -50,000 -8.5%
70 CB 0.38% 120,200 $35M $289.72 -$1M
71 AXP 0.38% 108,500 $35M $318.98 $5M
72 HD 0.37% 93,400 $34M $366.64 $14K
73 INTU 0.36% 42,200 $33M $787.63 -$2M -15,800 -27.2%
74 IDXX 0.36% 61,100 $33M $536.34 $13M +13,500 +28.4%
75 BJ 0.36% 301,537 $33M $107.83 -$4M -20,700 -6.4%
76 RTX 0.35% 221,815 $32M $146.02 $3M
77 TJX 0.35% 257,200 $32M $123.49 $435K
78 CVS 0.34% 449,243 $31M $68.98 $553K
79 DE 0.33% 58,900 $30M $508.49 $2M
80 HUBB 0.32% 71,600 $29M $408.41 $16M +31,600 +79.0%
81 MPWR 0.32% 39,972 $29M $731.38 $6M
82 CRBG 0.32% 815,400 $29M $35.50 $9M +176,000 +27.5%
83 COST 0.32% 29,200 $29M $989.94 $1M
84 LHX 0.32% 114,900 $29M $250.84 $10M +23,200 +25.3%
85 VPL 0.31% 350,000 $29M $82.18 $3M
86 APO 0.31% 199,400 $28M $141.87 $7M +41,200 +26.0%
87 VLTO 0.31% 280,066 $28M $100.95 $4M +27,900 +11.1%
88 SPY 0.30% 44,550 $28M $617.85 -$21M -42,000 -48.5%
89 ECL 0.30% 101,400 $27M $269.44 $2M
90 XLRE 0.30% 659,000 $27M $41.42 -$283K
91 XLP 0.30% 336,700 $27M $80.97 -$236K
92 FI 0.30% 157,000 $27M $172.41 -$4M +16,500 +11.7%
93 ABT 0.29% 198,300 $27M $136.01 $666K
94 SPG 0.28% 160,592 $26M $160.76 -$854K
95 BAC 0.28% 535,080 $25M $47.32 -$2M -127,000 -19.2%
96 PLTR 0.28% 184,857 $25M $136.32 $7M -34,000 -15.5%
97 BKLN 0.27% 1,200,000 $25M $20.92 $264K
98 NXPI 0.27% 114,400 $25M $218.49 $3M
99 CAT 0.27% 64,100 $25M $388.21 $4M
100 LVS 0.26% 554,600 $24M $43.51 $3M

New Positions

SymbolValue% Port
XLK $126M 1.37%

Sold Out Positions

SymbolValue% Port
ZBH —%
HUM —%
BIIB —%
EEM —%
IEMG —%
VRTX —%
View SEC EDGAR Filings for FACTORY MUTUAL INSURANCE CO →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms