Grantham, Mayo, Van Otterloo (GMO) 13F, Q4 2025
Jeremy Grantham · quarter ending 31 December 2025 · filed 17 February 2026 · SEC CIK 1352662
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 1 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q4 2025
The 25 largest of 653 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2025 filing.
| Company | Ticker | Value | % of book | vs Q3 2025 |
|---|---|---|---|---|
| MICROSOFT CORP | MSFT | $2.55B | 6.5% | +6% shares |
| ALPHABET INC | GOOGL | $2.09B | 5.3% | -5% shares |
| META PLATFORMS INC | META | $1.92B | 4.9% | +28% shares |
| APPLE INC | AAPL | $1.82B | 4.7% | +10% shares |
| LAM RESEARCH CORP | LRCX | $1.60B | 4.1% | -5% shares |
| JOHNSON & JOHNSON | JNJ | $1.47B | 3.8% | +4% shares |
| AMAZON COM INC | AMZN | $1.47B | 3.8% | +77% shares |
| THERMO FISHER SCIENTIFIC INC | TMO | $1.40B | 3.6% | +13% shares |
| SALESFORCE INC | CRM | $1.09B | 2.8% | +8% shares |
| BROADCOM INC | AVGO | $1.09B | 2.8% | +12% shares |
| ABBOTT LABS | ABT | $1.06B | 2.7% | +4% shares |
| US BANCORP DEL | USB | $981.88M | 2.5% | +4% shares |
| ACCENTURE PLC IRELAND | $971.59M | 2.5% | +8% shares | |
| VISA INC | V | $929.23M | 2.4% | +9% shares |
| ELEVANCE HEALTH INC FORMERLY | ELV | $887.27M | 2.3% | unchanged |
| UNITEDHEALTH GROUP INC | UNH | $881.45M | 2.3% | unchanged |
| TEXAS INSTRS INC | TXN | $847.99M | 2.2% | +5% shares |
| ELI LILLY & CO | LLY | $794.48M | 2.0% | +6% shares |
| MERCK & CO INC | MRK | $723.15M | 1.9% | +4% shares |
| HILTON WORLDWIDE HLDGS INC | HLT | $672.17M | 1.7% | +16% shares |
| INTUITIVE SURGICAL INC | ISRG | $671.65M | 1.7% | +4% shares |
| KLA CORP | KLAC | $618.18M | 1.6% | +16% shares |
| COCA COLA CO | KO | $615.80M | 1.6% | +26% shares |
| TJX COS INC NEW | TJX | $583.49M | 1.5% | +4% shares |
| THE CIGNA GROUP | CI | $538.94M | 1.4% | +20% shares |
What changed since Q3 2025
Against the Q3 2025 filing, Grantham, Mayo, Van Otterloo (GMO) opened 117 new positions, added to 220, trimmed 212, left 104 unchanged and exited 61. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- TOTALENERGIES SE$101.26M
- CMA$36.84M
- MAGNUM ICE CREAM CO NV$35.16M
- PTC$31.29M
- UL$30.70M
- DRES$26.13M
- 1RG$25.34M
- EXK$22.12M
and 109 more
Exited
- AVIDXCHANGE HOLDINGS INCwas $28.22M
- VERONA PHARMA PLCwas $28.18M
- SANDSTORM GOLD LTDwas $27.27M
- WFGwas $18.02M
- UNILEVER PLCwas $17.63M
- MEDPwas $17.53M
- VERITEX HLDGS INCwas $14.88M
- INFORMATICA INCwas $14.06M
and 53 more
Other quarters
Source: SEC Form 13F-HR, accession 0001072613-26-000185, 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.