Grantham, Mayo, Van Otterloo (GMO) 13F, Q4 2023
Jeremy Grantham · quarter ending 31 December 2023 · filed 13 February 2024 · SEC CIK 1352662
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2023
The 25 largest of 485 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2023 filing.
| Company | Ticker | Value | % of book | vs Q3 2023 |
|---|---|---|---|---|
| MICROSOFT CORP | MSFT | $1.13B | 5.0% | +3% shares |
| UNITEDHEALTH GROUP INC | UNH | $836.68M | 3.7% | +4% shares |
| ALPHABET INC | GOOGL | $706.78M | 3.1% | +12% shares |
| META PLATFORMS INC | META | $662.53M | 2.9% | unchanged |
| JOHNSON & JOHNSON | JNJ | $624.82M | 2.8% | +6% shares |
| APPLE INC | AAPL | $615.43M | 2.7% | +4% shares |
| AMAZON COM INC | AMZN | $596.60M | 2.6% | -4% shares |
| ACCENTURE PLC IRELAND | $557.22M | 2.5% | +3% shares | |
| TEXAS INSTRS INC | TXN | $544.68M | 2.4% | +26% shares |
| LAM RESEARCH CORP | $494.44M | 2.2% | -15% shares | |
| COCA COLA CO | KO | $490.50M | 2.2% | +20% shares |
| ORACLE CORP | ORCL | $483.77M | 2.1% | +3% shares |
| ABBOTT LABS | ABT | $481.60M | 2.1% | +19% shares |
| SALESFORCE INC | CRM | $440.71M | 1.9% | +15% shares |
| MERCK & CO INC | MRK | $438.90M | 1.9% | unchanged |
| ELEVANCE HEALTH INC | ELV | $433.25M | 1.9% | +3% shares |
| TJX COS INC NEW | TJX | $407.38M | 1.8% | +5% shares |
| ELI LILLY & CO | LLY | $402.13M | 1.8% | +5% shares |
| INTUITIVE SURGICAL INC | ISRG | $383.42M | 1.7% | +26% shares |
| WELLS FARGO CO NEW | WFC | $364.02M | 1.6% | -5% shares |
| VISA INC | V | $361.52M | 1.6% | +4% shares |
| OTIS WORLDWIDE CORP | OTIS | $347.59M | 1.5% | +13% shares |
| US BANCORP DEL | USB | $345.65M | 1.5% | -10% shares |
| KLA CORP | KLAC | $314.82M | 1.4% | +4% shares |
| DARLING INGREDIENTS INC | DAR | $257.44M | 1.1% | +9% shares |
What changed since Q3 2023
Against the Q3 2023 filing, Grantham, Mayo, Van Otterloo (GMO) opened 40 new positions, added to 155, trimmed 238, left 52 unchanged and exited 127. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- PIONEER NAT RES CO$53.99M
- ARRY$26.64M
- LIBERTY GLOBAL LTD$25.29M
- ILMN$24.30M
- TEXTAINER GROUP HOLDINGS LTD$17.78M
- SP PLUS CORP$15.47M
- NXE$14.96M
- FFIV$14.19M
and 32 more
Exited
- ADBEwas $301.52M
- ATVIEURwas $74.95M
- SEAGEN INCwas $35.84M
- AMEDISYS INCwas $29.41M
- DENBURY INCwas $27.94M
- VMWARE INCwas $27.62M
- CARRwas $24.52M
- LIBERTY GLOBAL PLCwas $24.37M
and 119 more
Other quarters
Source: SEC Form 13F-HR, accession 0001072613-24-000148, filed by Grantham, Mayo, Van Otterloo & Co. LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.