Grantham, Mayo, Van Otterloo (GMO) 13F, Q1 2025
Jeremy Grantham · quarter ending 31 March 2025 · filed 14 May 2025 · SEC CIK 1352662
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2025
The 25 largest of 615 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2024 filing.
| Company | Ticker | Value | % of book | vs Q4 2024 |
|---|---|---|---|---|
| MICROSOFT CORP | MSFT | $1.80B | 5.7% | +22% shares |
| APPLE INC | AAPL | $1.49B | 4.7% | +6% shares |
| ALPHABET INC | GOOGL | $1.21B | 3.8% | +6% shares |
| META PLATFORMS INC | META | $1.19B | 3.8% | -7% shares |
| UNITEDHEALTH GROUP INC | UNH | $1.17B | 3.7% | +7% shares |
| JOHNSON & JOHNSON | JNJ | $1.13B | 3.6% | +7% shares |
| ABBOTT LABS | ABT | $1.08B | 3.4% | +3% shares |
| VISA INC | V | $1.04B | 3.3% | unchanged |
| ELEVANCE HEALTH INC | ELV | $939.07M | 3.0% | +8% shares |
| ORACLE CORP | ORCL | $847.93M | 2.7% | +3% shares |
| TEXAS INSTRS INC | TXN | $817.68M | 2.6% | +6% shares |
| ACCENTURE PLC IRELAND | $761.30M | 2.4% | +9% shares | |
| THERMO FISHER SCIENTIFIC INC | TMO | $724.55M | 2.3% | +33% shares |
| SALESFORCE INC | CRM | $715.67M | 2.3% | +20% shares |
| US BANCORP DEL | USB | $674.82M | 2.1% | +24% shares |
| AMAZON COM INC | AMZN | $653.73M | 2.1% | +7% shares |
| LAM RESEARCH CORP | LRCX | $624.74M | 2.0% | +6% shares |
| WELLS FARGO CO NEW | WFC | $601.70M | 1.9% | -4% shares |
| MERCK & CO INC | MRK | $600.19M | 1.9% | +9% shares |
| OTIS WORLDWIDE CORP | OTIS | $563.56M | 1.8% | +6% shares |
| COCA COLA CO | KO | $548.36M | 1.7% | -19% shares |
| INTUITIVE SURGICAL INC | ISRG | $531.79M | 1.7% | unchanged |
| THE CIGNA GROUP | CI | $522.74M | 1.6% | +7% shares |
| CONSTELLATION BRANDS INC | STZ | $483.20M | 1.5% | +7% shares |
| TJX COS INC NEW | TJX | $460.21M | 1.4% | unchanged |
What changed since Q4 2024
Against the Q4 2024 filing, Grantham, Mayo, Van Otterloo (GMO) opened 114 new positions, added to 276, trimmed 186, left 39 unchanged and exited 69. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- UBER$328.19M
- SAIA$41.18M
- ONTO$34.53M
- TREX$30.27M
- CHAMPIONX CORPORATION$26.91M
- VEREN INC$25.86M
- INTRA-CELLULAR THERAPIES INC$22.82M
- PATTERSON COS INC$22.04M
and 106 more
Exited
- IVVwas $128.45M
- ACIwas $42.94M
- EFORwas $38.36M
- ESSENT GROUP LTDwas $30.82M
- ANSYS INCwas $27.56M
- ARCH RESOURCES INCwas $25.94M
- ARCBwas $23.99M
- HASHICORP INCwas $22.63M
and 61 more
Other quarters
Source: SEC Form 13F-HR, accession 0001072613-25-000369, 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.