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Asset Manager ← All Institutions

MASSACHUSETTS FINANCIAL SERVICES CO /MA

Q4 2025 · Filed 2026-01-22
Market Value
$303.5B
-4.0%
Holdings
920
+8
New Purchases
92
Added To
263
Closed
41
Reduced
522
Top 10 Concentration
21.6%
Turnover
14.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TOTB.DE 0.87% 0.00% +0.87% $2.6B
GOOGL 2.60% 1.82% +0.78% $7.9B
DHR 0.33% 0.13% +0.19% $992M
AMZN 2.16% 1.97% +0.19% $6.6B
STX 0.18% 0.01% +0.17% $553M
GILD 0.17% 0.00% +0.17% $518M
TD 0.47% 0.31% +0.17% $1.4B
MNST 0.16% 0.00% +0.15% $475M
ACN 0.95% 0.79% +0.15% $2.9B
NDAQ 0.88% 0.74% +0.15% $2.7B
MDLN 0.14% 0.00% +0.14% $430M
PM 0.49% 0.35% +0.14% $1.5B
TMO 0.59% 0.45% +0.14% $1.8B
CMCSV 0.14% 0.00% +0.14% $412M
A 0.63% 0.50% +0.13% $1.9B

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
META 1.05% 1.78% -0.73% $3.2B
MSFT 4.31% 4.97% -0.65% $13.1B
TSM 1.02% 1.39% -0.38% $3.1B
ETN 0.58% 0.86% -0.29% $1.8B
NFLX 0.21% 0.48% -0.27% $632M
MDLZ 0.04% 0.30% -0.26% $126M
SPOT 0.41% 0.65% -0.23% $1.2B
VEEV 0.04% 0.22% -0.19% $115M
CMCSA 0.00% 0.17% -0.17% $0
FI 0.03% 0.19% -0.16% $77M
SU 0.12% 0.25% -0.13% $360M
CSGP 0.07% 0.20% -0.13% $212M
SO 0.47% 0.59% -0.13% $1.4B
AMT 0.06% 0.18% -0.12% $189M
AJG 0.01% 0.13% -0.12% $35M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 63 $101.6B 33.5%
Large Cap 493 $185.4B 61.1%
Mid Cap 263 $15.3B 5.0%
Small Cap 91 $1.1B 0.4%
Micro Cap 10 $56M 0.0%

Portfolio Analytics

Avg Market Cap
$88.3B
Median Market Cap
$15.3B
Avg P/E
34.8
Median P/E
23.2
Avg Dividend Yield
0.02%
Avg Beta
1.04
# Stocks
903
# ETFs / Funds
17

Top Holdings (920 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 4.31% 27,071,322 $13.1B $483.62 -$2.6B -3,257,332 -10.7%
2 NVDA 4.13% 67,153,414 $12.5B $186.50 -$858M -4,567,179 -6.4%
3 GOOGL 2.60% 25,189,635 $7.9B $313.00 $2.1B +1,515,685 +6.4%
4 AAPL 2.41% 26,896,166 $7.3B $271.86 $85M -1,484,246 -5.2%
5 AMZN 2.16% 28,384,589 $6.6B $230.82 $336M +77,581 +0.3%
6 JPM 1.65% 15,519,405 $5.0B $322.22 -$177M -896,279 -5.5%
7 JNJ 1.12% 16,388,566 $3.4B $206.95 $135M -1,172,786 -6.7%
8 MA 1.10% 5,871,070 $3.4B $570.88 -$197M -367,930 -5.9%
9 CI 1.07% 11,805,083 $3.2B $275.23 $107M +903,334 +8.3%
10 META 1.05% 4,823,902 $3.2B $660.09 -$2.5B -2,849,436 -37.1%
11 UBS 1.05% 68,622,440 $3.2B $46.31 $6M -8,731,150 -11.3%
12 TSM 1.02% 10,147,238 $3.1B $303.89 -$1.3B -5,612,181 -35.6%
13 AON 0.99% 8,545,036 $3.0B $352.88 -$107M -212,650 -2.4%
14 PGR 0.96% 12,779,665 $2.9B $227.72 -$239M +28,173 +0.2%
15 ACN 0.95% 10,693,994 $2.9B $268.30 $367M +546,198 +5.4%
16 MCK 0.93% 3,446,123 $2.8B $820.29 -$205M -478,159 -12.2%
17 AVGO 0.92% 8,068,226 $2.8B $346.10 -$19M -452,418 -5.3%
18 NDAQ 0.88% 27,627,767 $2.7B $97.13 $351M +1,258,964 +4.8%
19 TOTB.DE 0.87% 40,380,511 $2.6B $65.42 +40,380,511 NEW
20 RTX 0.86% 14,162,409 $2.6B $183.40 -$58M -1,706,461 -10.8%
21 FNV 0.80% 11,688,537 $2.4B $207.28 -$178M +21,333 +0.2%
22 KKR 0.78% 18,652,960 $2.4B $127.48 -$157M -853,878 -4.4%
23 XOM 0.76% 19,255,555 $2.3B $120.34 $114M -286,019 -1.5%
24 MS 0.73% 12,458,302 $2.2B $177.53 $73M -998,912 -7.4%
25 LIN 0.72% 5,115,711 $2.2B $426.39 -$286M -78,272 -1.5%
26 APH 0.71% 15,913,076 $2.2B $135.14 -$143M -2,623,367 -14.2%
27 CB 0.71% 6,886,593 $2.1B $312.12 $119M -307,087 -4.3%
28 AXP 0.71% 5,807,459 $2.1B $369.95 -$9M -686,853 -10.6%
29 ADI 0.71% 7,894,320 $2.1B $271.20 $69M -538,750 -6.4%
30 KLAC 0.70% 1,740,082 $2.1B $1,215.08 $87M -139,635 -7.4%
31 GD 0.70% 6,265,295 $2.1B $336.66 -$51M -69,670 -1.1%
32 BA 0.69% 9,669,304 $2.1B $217.12 $28M +73,026 +0.8%
33 COP 0.69% 22,336,728 $2.1B $93.61 -$106M -887,858 -3.8%
34 MDT 0.66% 20,947,960 $2.0B $96.06 $4M -138,539 -0.7%
35 HWM 0.66% 9,810,474 $2.0B $205.02 -$268M -1,806,287 -15.6%
36 AEM 0.65% 11,672,706 $2.0B $169.53 $5M -39,691 -0.3%
37 WTW 0.65% 5,977,816 $2.0B $328.60 -$172M -205,892 -3.3%
38 RYAAY 0.64% 26,929,829 $1.9B $72.19 $219M -1,717,098 -6.0%
39 A 0.63% 14,147,601 $1.9B $136.07 $329M +1,713,216 +13.8%
40 PLD 0.63% 14,992,070 $1.9B $127.66 $51M -1,275,938 -7.8%
41 DUK 0.62% 16,044,472 $1.9B $117.21 -$207M -825,100 -4.9%
42 PCG 0.61% 115,610,105 $1.9B $16.07 -$3M -7,810,626 -6.3%
43 BDX 0.61% 9,486,694 $1.8B $194.07 $128M +336,110 +3.7%
44 ABT 0.60% 14,519,346 $1.8B $125.29 -$203M -577,561 -3.8%
45 TMO 0.59% 3,087,666 $1.8B $579.45 $365M +150,668 +5.1%
46 PNC 0.59% 8,535,855 $1.8B $208.73 $52M -73,129 -0.8%
47 C 0.58% 15,204,930 $1.8B $116.69 $106M -1,229,703 -7.5%
48 UNP 0.58% 7,605,933 $1.8B $231.32 -$133M -400,521 -5.0%
49 ETN 0.58% 5,503,013 $1.8B $318.51 -$975M -1,786,415 -24.5%
50 NXPI 0.56% 7,849,741 $1.7B $217.06 -$56M +121,419 +1.6%
51 D 0.54% 27,956,036 $1.6B $58.59 -$125M -864,080 -3.0%
52 MMC 0.53% 8,662,457 $1.6B $185.52 -$302M -811,902 -8.6%
53 WFC 0.53% 17,174,896 $1.6B $93.20 $104M -684,784 -3.8%
54 V 0.52% 4,535,199 $1.6B $350.71 -$269M -911,157 -16.7%
55 CRH.L 0.51% 12,439,954 $1.6B $124.80 $70M +78,769 +0.6%
56 LOW 0.51% 6,374,029 $1.5B $241.16 -$122M -228,034 -3.5%
57 SCHW 0.51% 15,366,868 $1.5B $99.91 -$96M -1,717,244 -10.1%
58 TRV 0.50% 5,188,555 $1.5B $290.06 $4M -186,477 -3.5%
59 ABBV 0.49% 6,564,258 $1.5B $228.49 -$436M -1,797,129 -21.5%
60 CDNS 0.49% 4,794,286 $1.5B $312.58 -$368M -520,121 -9.8%
61 PM 0.49% 9,301,112 $1.5B $160.40 $385M +2,475,204 +36.3%
62 CHKP 0.49% 7,937,229 $1.5B $185.56 $196M +1,766,774 +28.6%
63 MAR 0.48% 4,732,764 $1.5B $310.24 $186M -189,003 -3.8%
64 TD 0.47% 15,210,762 $1.4B $94.20 $467M +3,129,457 +25.9%
65 SO 0.47% 16,300,985 $1.4B $87.20 -$456M -3,509,214 -17.7%
66 PFE 0.46% 55,873,002 $1.4B $24.90 -$76M -1,715,658 -3.0%
67 XEL 0.46% 18,814,767 $1.4B $73.86 -$185M -712,106 -3.6%
68 HON 0.44% 6,846,799 $1.3B $195.09 -$179M -348,084 -4.8%
69 TRU 0.44% 15,540,471 $1.3B $85.75 -$199M -2,734,909 -15.0%
70 LPLA 0.44% 3,719,447 $1.3B $357.17 $250M +477,094 +14.7%
71 BLK 0.41% 1,167,999 $1.3B $1,070.34 -$165M -45,562 -3.8%
72 SPOT 0.41% 2,151,807 $1.2B $580.71 -$791M -772,006 -26.4%
73 PCAR 0.40% 10,998,211 $1.2B $109.51 $87M -368,336 -3.2%
74 TTWO 0.39% 4,641,579 $1.2B $256.03 -$87M -294,827 -6.0%
75 KVUE 0.39% 68,486,378 $1.2B $17.25 -$236M -18,866,299 -21.6%
76 CVX 0.38% 7,567,858 $1.2B $152.41 -$264M -1,557,877 -17.1%
77 HUM 0.38% 4,496,775 $1.2B $256.13 $244M +1,008,514 +28.9%
78 HLT 0.38% 3,967,117 $1.1B $287.25 $84M -100,377 -2.5%
79 PEP 0.36% 7,701,362 $1.1B $143.52 -$46M -493,071 -6.0%
80 TXN 0.36% 6,344,486 $1.1B $173.49 -$140M -406,820 -6.0%
81 STE 0.35% 4,218,307 $1.1B $253.52 -$130M -627,817 -13.0%
82 GE 0.35% 3,435,764 $1.1B $308.03 -$19M -145,128 -4.0%
83 GEV 0.35% 1,616,649 $1.1B $653.57 -$123M -302,310 -15.8%
84 VST 0.35% 6,530,095 $1.1B $161.33 -$339M -576,370 -8.1%
85 CAT 0.35% 1,835,924 $1.1B $572.87 $178M +5,510 +0.3%
86 CNI 0.34% 10,584,719 $1.0B $98.85 -$53M -1,076,172 -9.2%
87 ADSK 0.34% 3,509,562 $1.0B $296.01 -$87M -34,958 -1.0%
88 GS 0.34% 1,160,528 $1.0B $879.00 -$34M -162,939 -12.3%
89 NOC 0.33% 1,762,358 $1.0B $570.21 -$107M -62,892 -3.5%
90 WAT 0.33% 2,624,715 $997M $379.83 $191M -64,978 -2.4%
91 DHR 0.33% 4,333,056 $992M $228.92 $572M +2,216,789 +104.8%
92 SHOP 0.31% 5,892,833 $949M $160.97 $126M +356,008 +6.4%
93 EFX 0.31% 4,344,531 $943M $216.98 $122M +1,145,921 +35.8%
94 ARES 0.30% 5,705,599 $922M $161.63 $200M +1,187,174 +26.3%
95 BSX 0.29% 9,085,528 $866M $95.35 -$146M -1,281,765 -12.4%
96 ITW 0.28% 3,488,816 $859M $246.30 -$115M -247,194 -6.6%
97 GWRE 0.28% 4,258,486 $856M $201.01 -$251M -557,620 -11.6%
98 ANTM 0.27% 2,360,858 $828M $350.55 $39M -79,772 -3.3%
99 BAP 0.27% 2,866,393 $823M $287.00 $14M -171,705 -5.7%
100 NTRS 0.27% 5,937,970 $811M $136.59 -$27M -286,860 -4.6%

Options Breakdown

2 Calls $195M Call Value 1 Puts $26M Put Value 0.13 P/C Ratio

Top Calls

SymbolSharesValueStatus
WELL 993,200 $184M NEW
EEM 186,000 $10M

Top Puts

SymbolSharesValueStatus
EEM 476,000 $26M

New Positions

SymbolValue% Port
TOTB.DE $2.6B 0.87%
MDLN $430M 0.14%
CMCSV $412M 0.14%
COHR $340M 0.11%
RGEN $199M 0.07%
ABNB $185M 0.06%
CRL $176M 0.06%
LUV $143M 0.05%
Q $126M 0.04%
JBL $122M 0.04%
CELH $115M 0.04%
BTU $91M 0.03%
ILMN $74M 0.02%
AGI $72M 0.02%
TLN $50M 0.02%

Sold Out Positions

SymbolValue% Port
ATR —%
WY —%
AUB —%
RYZ —%
FMC —%
QSR —%
HAL —%
CAH —%
W —%
NOV —%
MTZ —%
ADM —%
DAN —%
ONTO —%
UA —%
View SEC EDGAR Filings for MASSACHUSETTS FINANCIAL SERVICES CO /MA →

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