Grantham, Mayo, Van Otterloo (GMO) 13F, Q1 2024
Jeremy Grantham · quarter ending 31 March 2024 · filed 14 May 2024 · SEC CIK 1352662
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2024
The 25 largest of 513 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2023 filing.
| Company | Ticker | Value | % of book | vs Q4 2023 |
|---|---|---|---|---|
| MICROSOFT CORP | MSFT | $1.51B | 5.5% | +20% shares |
| ALPHABET INC | GOOGL | $1.03B | 3.7% | +35% shares |
| META PLATFORMS INC | META | $995.32M | 3.6% | +10% shares |
| UNITEDHEALTH GROUP INC | UNH | $896.06M | 3.3% | +14% shares |
| APPLE INC | AAPL | $778.01M | 2.8% | +42% shares |
| JOHNSON & JOHNSON | JNJ | $763.67M | 2.8% | +21% shares |
| AMAZON COM INC | AMZN | $735.79M | 2.7% | +4% shares |
| LAM RESEARCH CORP | $719.76M | 2.6% | +17% shares | |
| ORACLE CORP | ORCL | $691.65M | 2.5% | +20% shares |
| COCA COLA CO | KO | $677.56M | 2.5% | +33% shares |
| TEXAS INSTRS INC | TXN | $674.47M | 2.5% | +21% shares |
| ACCENTURE PLC IRELAND | $650.77M | 2.4% | +18% shares | |
| ELEVANCE HEALTH INC | ELV | $646.76M | 2.4% | +36% shares |
| MERCK & CO INC | MRK | $623.74M | 2.3% | +17% shares |
| ABBOTT LABS | ABT | $614.67M | 2.2% | +24% shares |
| SALESFORCE INC | CRM | $597.59M | 2.2% | +19% shares |
| INTUITIVE SURGICAL INC | ISRG | $545.22M | 2.0% | +20% shares |
| ELI LILLY & CO | LLY | $531.96M | 1.9% | unchanged |
| TJX COS INC NEW | TJX | $526.58M | 1.9% | +20% shares |
| WELLS FARGO CO NEW | WFC | $518.19M | 1.9% | +21% shares |
| US BANCORP DEL | USB | $498.92M | 1.8% | +40% shares |
| KLA CORP | KLAC | $462.08M | 1.7% | +22% shares |
| VISA INC | V | $460.73M | 1.7% | +19% shares |
| OTIS WORLDWIDE CORP | OTIS | $460.32M | 1.7% | +19% shares |
| THE CIGNA GROUP | CI | $358.81M | 1.3% | +39% shares |
What changed since Q4 2023
Against the Q4 2023 filing, Grantham, Mayo, Van Otterloo (GMO) opened 84 new positions, added to 172, trimmed 210, left 47 unchanged and exited 56. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- ARCADIUM LITHIUM PLC$65.30M
- UNITED STATES STL CORP NEW$35.13M
- MGRC$32.64M
- GEHC$27.30M
- ARCB$24.40M
- SWN1EUR$22.35M
- EQUITRANS MIDSTREAM CORP$21.95M
- WMS$19.82M
and 76 more
Exited
- LIVENT CORPwas $121.88M
- SPLUNK INCwas $40.32M
- TXNMwas $37.14M
- ILMNwas $24.30M
- GILDwas $23.19M
- TEXTAINER GROUP HOLDINGS LTDwas $17.78M
- RPT REALTYwas $13.35M
- SPIRIT RLTY CAP INC NEWwas $12.85M
and 48 more
Added to
- MSFT+20%$1.51B
- GOOGL+35%$1.03B
- META+10%$995.32M
- UNH+14%$896.06M
- AAPL+42%$778.01M
- JNJ+21%$763.67M
- AMZN+4%$735.79M
- LAM RESEARCH CORP+17%$719.76M
and 164 more
Trimmed
- STM-4%$102.47M
- TSM-35%$93.59M
- NVS-38%$91.49M
- COP-8%$91.22M
- BWA-7%$86.17M
- FCX-2%$84.93M
- JPM-20%$79.18M
- IBM-15%$77.85M
and 202 more
Other quarters
Source: SEC Form 13F-HR, accession 0001072613-24-000473, 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.