FACTORY MUTUAL INSURANCE CO
CIK 0000887818
Annualised vol
13.205708%
Beta
0.653229
HHI
188.438001
Top-10 weight
36.35367%
VaR 95%
1.242784%
VaR 99%
2.386961%
Max drawdown
20.044095%
Matched value
60.467552%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| NVDA | REDUCED | 2,833,098 | 2,902,548 | -2.39% | 566,874,579 |
| GOOGL | REDUCED | 1,500,671 | 1,504,521 | -0.26% | 530,252,284 |
| AAPL | ADDED | 1,718,721 | 1,700,771 | 1.06% | 497,329,109 |
| MSFT | REDUCED | 923,818 | 972,568 | -5.01% | 344,602,590 |
| AMZN | ADDED | 1,383,424 | 1,374,224 | 0.67% | 329,725,276 |
| AVGO | REDUCED | 720,520 | 750,095 | -3.94% | 272,176,430 |
| KLAC | ADDED | 593,895 | 64,027 | 827.57% | 179,184,060 |
| MU | REDUCED | 151,095 | 170,845 | -11.56% | 174,407,448 |
| JPM | REDUCED | 516,575 | 519,225 | -0.51% | 169,090,495 |
| META | REDUCED | 283,991 | 285,591 | -0.56% | 159,969,290 |
| V | ADDED | 373,516 | 357,301 | 4.54% | 128,149,604 |
| AMD | ADDED | 211,572 | 161,072 | 31.35% | 122,904,291 |
| TSLA | REDUCED | 267,550 | 269,400 | -0.69% | 112,531,530 |
| UNH | REDUCED | 262,150 | 263,250 | -0.42% | 108,957,405 |
| LLY | REDUCED | 81,000 | 81,150 | -0.18% | 97,153,830 |
| JNJ | REDUCED | 281,410 | 318,210 | -11.56% | 71,469,698 |
| PM | REDUCED | 394,256 | 430,606 | -8.44% | 71,324,853 |
| AME | ADDED | 282,000 | 217,300 | 29.77% | 68,227,080 |
| CAT | REDUCED | 64,000 | 64,100 | -0.16% | 68,153,600 |
| MS | REDUCED | 315,620 | 329,050 | -4.08% | 65,977,205 |
| ETN | ADDED | 151,919 | 140,119 | 8.42% | 64,735,724 |
| PFGC | UNCHANGED | 571,450 | 571,450 | 0.0% | 63,882,396 |
| WMT | REDUCED | 552,126 | 608,176 | -9.22% | 62,533,791 |
| MRVL | ADDED | 197,209 | 126,809 | 55.52% | 58,746,589 |
| KO | REDUCED | 721,350 | 726,400 | -0.7% | 58,624,115 |
| DDOG | REDUCED | 224,791 | 290,491 | -22.62% | 58,526,585 |
| PG | REDUCED | 394,787 | 397,537 | -0.69% | 57,891,566 |
| ANET | REDUCED | 324,320 | 334,020 | -2.9% | 55,095,482 |
| ISRG | ADDED | 132,825 | 68,100 | 95.04% | 52,821,846 |
| DE | ADDED | 83,110 | 58,900 | 41.1% | 52,719,166 |
| HD | REDUCED | 137,500 | 138,400 | -0.65% | 48,493,500 |
| SYY | ADDED | 562,135 | 228,000 | 146.55% | 46,983,243 |
| ABBV | REDUCED | 186,250 | 186,650 | -0.21% | 46,867,950 |
| LIN | REDUCED | 88,100 | 101,500 | -13.2% | 45,718,614 |
| WELL | REDUCED | 190,050 | 191,900 | -0.96% | 43,135,649 |
| LRCX | ADDED | 93,550 | 59,400 | 57.49% | 40,538,022 |
| CVX | REDUCED | 238,167 | 363,117 | -34.41% | 39,478,562 |
| HUBB | ADDED | 75,450 | 71,600 | 5.38% | 39,475,440 |
| NOW | REDUCED | 389,450 | 392,800 | -0.85% | 38,664,596 |
| SLB | ADDED | 801,647 | 668,847 | 19.86% | 37,268,569 |
| TMO | ADDED | 74,185 | 68,285 | 8.64% | 37,193,392 |
| MCD | REDUCED | 134,800 | 136,200 | -1.03% | 36,437,788 |
| DXCM | REDUCED | 537,830 | 539,930 | -0.39% | 36,222,851 |
| MRK | REDUCED | 280,024 | 281,024 | -0.36% | 35,983,084 |
| ALGN | REDUCED | 210,923 | 228,693 | -7.77% | 35,574,273 |
| VZ | REDUCED | 835,566 | 840,666 | -0.61% | 35,377,864 |
| RTX | REDUCED | 186,065 | 221,815 | -16.12% | 35,302,112 |
| KKR | REDUCED | 368,925 | 399,000 | -7.54% | 33,859,937 |
| GEV | UNCHANGED | 28,665 | 28,665 | 0.0% | 33,677,362 |
| AXP | REDUCED | 99,450 | 100,500 | -1.04% | 33,638,963 |
| GS | REDUCED | 28,300 | 28,600 | -1.05% | 28,621,771 |
| ECL | REDUCED | 100,300 | 101,400 | -1.08% | 27,944,583 |
| PLTR | REDUCED | 239,457 | 249,857 | -4.16% | 27,937,448 |
| VLTO | REDUCED | 312,316 | 314,366 | -0.65% | 27,696,183 |
| CB | NEW | 80,700 | - | - | 27,497,718 |
| COST | REDUCED | 28,900 | 29,200 | -1.03% | 27,035,083 |
| CTVA | REDUCED | 313,008 | 380,158 | -17.66% | 26,508,648 |
| CVS | REDUCED | 241,093 | 242,743 | -0.68% | 24,941,071 |
| MDLZ | REDUCED | 426,000 | 427,500 | -0.35% | 24,639,840 |
| MDT | ADDED | 313,490 | 245,740 | 27.57% | 24,524,323 |
| NFLX | REDUCED | 339,600 | 342,000 | -0.7% | 24,247,440 |
| H | UNCHANGED | 120,548 | 120,548 | 0.0% | 23,367,024 |
| AMGN | REDUCED | 64,150 | 64,800 | -1.0% | 23,229,998 |
| UL | NEW | 375,457 | - | - | 22,572,475 |
| LVS | REDUCED | 487,750 | 491,400 | -0.74% | 22,529,173 |
| INTC | ADDED | 160,000 | 120,000 | 33.33% | 22,340,800 |
| BKNG | ADDED | 123,875 | 4,955 | 2400.0% | 22,079,480 |
| SNDK | NEW | 9,650 | - | - | 21,941,495 |
| MA | REDUCED | 39,700 | 40,100 | -1.0% | 20,389,920 |
| INTU | REDUCED | 76,600 | 92,150 | -16.87% | 19,992,600 |
| ORCL | REDUCED | 135,606 | 170,856 | -20.63% | 19,873,059 |
| BLK | REDUCED | 20,500 | 20,700 | -0.97% | 19,711,980 |
| ABT | REDUCED | 196,250 | 198,300 | -1.03% | 17,807,725 |
| SPGI | REDUCED | 43,650 | 44,100 | -1.02% | 17,776,899 |
| UBER | REDUCED | 244,600 | 247,200 | -1.05% | 17,650,336 |
| FDX | REDUCED | 55,550 | 86,600 | -35.85% | 17,394,372 |
| FN | ADDED | 29,550 | 23,550 | 25.48% | 16,609,464 |
| REGN | REDUCED | 25,400 | 25,600 | -0.78% | 15,837,916 |
| BA | REDUCED | 70,400 | 71,100 | -0.98% | 15,239,488 |
| ADI | NEW | 36,500 | - | - | 14,496,705 |
| DTE | UNCHANGED | 91,800 | 91,800 | 0.0% | 13,987,566 |
| NKE | REDUCED | 333,400 | 335,400 | -0.6% | 13,686,070 |
| WH | REDUCED | 153,900 | 154,700 | -0.52% | 12,959,919 |
| PPL | UNCHANGED | 346,000 | 346,000 | 0.0% | 12,577,100 |
| LEN | REDUCED | 138,750 | 139,500 | -0.54% | 12,555,488 |
| SBUX | UNCHANGED | 121,300 | 121,300 | 0.0% | 12,395,647 |
| AON | REDUCED | 33,650 | 34,000 | -1.03% | 11,161,369 |
| DAL | REDUCED | 116,750 | 118,000 | -1.06% | 10,934,805 |
| PFE | REDUCED | 437,600 | 442,400 | -1.08% | 10,537,408 |
| PEP | REDUCED | 76,350 | 77,000 | -0.84% | 10,337,790 |
| AIG | REDUCED | 125,500 | 126,800 | -1.03% | 9,353,515 |
| OTIS | REDUCED | 130,250 | 130,800 | -0.42% | 9,325,900 |
| HON | REDUCED | 40,950 | 82,400 | -50.3% | 9,168,705 |
| HONA | NEW | 40,950 | - | - | 9,053,226 |
| TMUS | REDUCED | 52,750 | 52,950 | -0.38% | 8,847,758 |
| NXPI | REDUCED | 28,650 | 113,100 | -74.67% | 8,051,510 |
| WDC | NEW | 12,100 | - | - | 7,728,512 |
| NVS | UNCHANGED | 45,066 | 45,066 | 0.0% | 7,062,744 |
| BE | UNCHANGED | 22,500 | 22,500 | 0.0% | 6,810,750 |
| EW | REDUCED | 74,300 | 75,100 | -1.07% | 6,721,178 |
| MET | REDUCED | 68,100 | 68,800 | -1.02% | 5,761,941 |
| SHEL | UNCHANGED | 71,233 | 71,233 | 0.0% | 5,523,407 |
| VST | UNCHANGED | 34,300 | 34,300 | 0.0% | 5,441,009 |
| TM | UNCHANGED | 26,698 | 26,698 | 0.0% | 4,496,477 |
| GSK | UNCHANGED | 70,151 | 70,151 | 0.0% | 3,677,315 |
| BSX | UNCHANGED | 84,600 | 84,600 | 0.0% | 3,610,728 |
| NGG | REDUCED | 40,638 | 48,766 | -16.67% | 3,367,671 |
| SAP | UNCHANGED | 19,324 | 19,324 | 0.0% | 2,978,022 |
| UBS | ADDED | 57,893 | 36,545 | 58.42% | 2,869,177 |
| NVO | UNCHANGED | 55,023 | 55,023 | 0.0% | 2,637,803 |
| MFG | UNCHANGED | 273,441 | 273,441 | 0.0% | 2,619,565 |
| LYG | NEW | 400,442 | - | - | 2,334,577 |
| SONY | UNCHANGED | 107,434 | 107,434 | 0.0% | 2,155,126 |
| TTE | UNCHANGED | 24,550 | 24,550 | 0.0% | 1,909,008 |
| HLN | UNCHANGED | 196,537 | 196,537 | 0.0% | 1,833,690 |
| HDB | UNCHANGED | 69,919 | 69,919 | 0.0% | 1,806,008 |
| GFI | UNCHANGED | 48,902 | 48,902 | 0.0% | 1,642,618 |
| MELI | ADDED | 829 | 639 | 29.73% | 1,407,136 |
| SNN | UNCHANGED | 39,977 | 39,977 | 0.0% | 1,151,737 |
| NOK | NEW | 85,661 | - | - | 1,137,578 |
| SE | UNCHANGED | 11,601 | 11,601 | 0.0% | 1,111,724 |
| BIDU | UNCHANGED | 7,570 | 7,570 | 0.0% | 865,175 |
| GILD | UNCHANGED | 6,000 | 6,000 | 0.0% | 758,040 |
| HUBS | UNCHANGED | 3,500 | 3,500 | 0.0% | 638,785 |
| AEG | UNCHANGED | 59,398 | 59,398 | 0.0% | 501,319 |
| CRM | REDUCED | 2,900 | 3,300 | -12.12% | 454,314 |
| FISV | UNCHANGED | 8,800 | 8,800 | 0.0% | 431,640 |
| ADBE | CLOSED OUT | 0 | 1,300 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| NVDA | REDUCED | NVIDIA CORPORATION | COM | 67066G104 | 566,874,579 | 5.33 | 2833098.0 |
| GOOGL | REDUCED | ALPHABET INC | CAP STK CL C | 02079K107 | 528,465,434 | 4.97 | 1495671.0 |
| AAPL | ADDED | APPLE INC | COM | 037833100 | 497,329,109 | 4.67 | 1718721.0 |
| - | DIMENSIONAL ETF TRUST | CORE FIXE IN ETF | 25434V872 | 426,060,775 | 4.0 | 1.0093835E7 | |
| - | J P MORGAN EXCHANGE TRADED F | CORE PLUS BD ETF | 46641Q670 | 374,736,759 | 3.52 | 7983314.0 | |
| MSFT | REDUCED | MICROSOFT CORP | COM | 594918104 | 344,602,590 | 3.24 | 923818.0 |
| AMZN | ADDED | AMAZON COM INC | COM | 023135106 | 329,725,276 | 3.1 | 1383424.0 |
| - | ISHARES TR | CORE US AGGBD ET | 464287226 | 291,092,658 | 2.74 | 2940924.0 | |
| AVGO | REDUCED | BROADCOM INC | COM | 11135F101 | 272,176,430 | 2.56 | 720520.0 |
| - | SELECT SECTOR SPDR TR | ST STR ENERG ETF | 81369Y506 | 236,363,134 | 2.22 | 4450445.0 | |
| KLAC | ADDED | KLA CORP | COM NEW | 482480100 | 179,184,060 | 1.68 | 593895.0 |
| - | DIMENSIONAL ETF TRUST | WORLD EX US CORE | 25434V880 | 177,076,249 | 1.66 | 4806630.0 | |
| MU | REDUCED | MICRON TECHNOLOGY INC | COM | 595112103 | 174,407,448 | 1.64 | 151095.0 |
| JPM | REDUCED | JPMORGAN CHASE & CO | COM | 46625H100 | 169,090,495 | 1.59 | 516575.0 |
| META | REDUCED | META PLATFORMS INC | CL A | 30303M102 | 159,969,290 | 1.5 | 283991.0 |
| - | TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 | 151,234,480 | 1.42 | 316675.0 | |
| - | SELECT SECTOR SPDR TR | ST STR UTIL ETF | 81369Y886 | 144,244,676 | 1.36 | 3181400.0 | |
| - | J P MORGAN EXCHANGE TRADED F | INTRNL RES EQT | 46641Q134 | 137,851,514 | 1.3 | 1671130.0 | |
| V | ADDED | VISA INC | COM CL A | 92826C839 | 128,149,604 | 1.2 | 373516.0 |
| AMD | ADDED | ADVANCED MICRO DEVICES INC | COM | 007903107 | 122,904,291 | 1.16 | 211572.0 |
| - | BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | 117,791,806 | 1.11 | 235400.0 | |
| TSLA | REDUCED | TESLA INC | COM | 88160R101 | 112,531,530 | 1.06 | 267550.0 |
| - | ASML HLDG NV | N Y REGISTRY SHS | N07059210 | 112,385,455 | 1.06 | 56491.0 | |
| UNH | REDUCED | UNITEDHEALTH GROUP INC | COM | 91324P102 | 108,957,405 | 1.02 | 262150.0 |
| - | CADENCE DESIGN SYSTEM INC | COM | 127387108 | 101,137,856 | 0.95 | 269471.0 | |
| - | VANGUARD INDEX FDS | S&P 500 ETF SHS | 922908363 | 99,587,450 | 0.94 | 145000.0 | |
| - | ISHARES TR | HIGH YLD SYSTM B | 46435G250 | 99,003,438 | 0.93 | 2116815.0 | |
| LLY | REDUCED | ELI LILLY & CO | COM | 532457108 | 97,153,830 | 0.91 | 81000.0 |
| - | INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | 46137V357 | 95,336,067 | 0.9 | 448071.0 | |
| - | ISHARES TR | RUS MID CAP ETF | 464287499 | 83,699,784 | 0.79 | 758700.0 | |
| - | AMPHENOL CORP | CL A | 032095101 | 72,226,667 | 0.68 | 409634.0 | |
| JNJ | REDUCED | JOHNSON & JOHNSON | COM | 478160104 | 71,469,698 | 0.67 | 281410.0 |
| PM | REDUCED | PHILIP MORRIS INTL INC | COM | 718172109 | 71,324,853 | 0.67 | 394256.0 |
| AME | ADDED | AMETEK INC | COM | 031100100 | 68,227,080 | 0.64 | 282000.0 |
| CAT | REDUCED | CATERPILLAR INC | COM | 149123101 | 68,153,600 | 0.64 | 64000.0 |
| - | EXXON MOBIL CORP | COM | 30231G102 | 66,726,743 | 0.63 | 488054.0 | |
| - | SELECT SECTOR SPDR TR | ST STR DISCR ETF | 81369Y407 | 66,615,040 | 0.63 | 568000.0 | |
| MS | REDUCED | MORGAN STANLEY | COM NEW | 617446448 | 65,977,205 | 0.62 | 315620.0 |
| ETN | ADDED | EATON CORP PLC | SHS | G29183103 | 64,735,724 | 0.61 | 151919.0 |
| PFGC | UNCHANGED | PERFORMANCE FOOD GROUP CO | COM | 71377A103 | 63,882,396 | 0.6 | 571450.0 |
| - | CROWDSTRIKE HLDGS INC | CL A | 22788C105 | 62,806,422 | 0.59 | 82300.0 | |
| WMT | REDUCED | WALMART INC | COM | 931142103 | 62,533,791 | 0.59 | 552126.0 |
| - | SPDR GOLD TR | GOLD SHS | 78463V107 | 62,072,030 | 0.58 | 168500.0 | |
| - | SELECT SECTOR SPDR TR | ST STR INDL ETF | 81369Y704 | 61,566,747 | 0.58 | 332380.0 | |
| MRVL | ADDED | MARVELL TECHNOLOGY INC | COM | 573874104 | 58,746,589 | 0.55 | 197209.0 |
| KO | REDUCED | COCA COLA CO | COM | 191216100 | 58,624,115 | 0.55 | 721350.0 |
| DDOG | REDUCED | DATADOG INC | CL A COM | 23804L103 | 58,526,585 | 0.55 | 224791.0 |
| PG | REDUCED | PROCTER & GAMBLE CO | COM | 742718109 | 57,891,566 | 0.54 | 394787.0 |
| - | UNION PAC CORP | COM | 907818108 | 56,358,400 | 0.53 | 207200.0 | |
| ANET | REDUCED | ARISTA NETWORKS INC | COM SHS | 040413205 | 55,095,482 | 0.52 | 324320.0 |
| ISRG | ADDED | INTUITIVE SURGICAL INC | COM NEW | 46120E602 | 52,821,846 | 0.5 | 132825.0 |
| DE | ADDED | DEERE & CO | COM | 244199105 | 52,719,166 | 0.5 | 83110.0 |
| - | DANAHER CORP DEL | COM | 235851102 | 51,696,272 | 0.49 | 271400.0 | |
| - | ISHARES TR | BROAD USD HIGH | 46435U853 | 50,162,100 | 0.47 | 1355000.0 | |
| - | ISHARES TR | CORE MSCI TOTAL | 46432F834 | 50,010,560 | 0.47 | 524000.0 | |
| - | GE AEROSPACE | COM NEW | 369604301 | 49,413,459 | 0.46 | 132217.0 | |
| - | MONOLITHIC PWR SYS INC | COM | 609839105 | 49,014,339 | 0.46 | 35457.0 | |
| HD | REDUCED | HOME DEPOT INC | COM | 437076102 | 48,493,500 | 0.46 | 137500.0 |
| - | SELECT SECTOR SPDR TR | ST STR MATER ETF | 81369Y100 | 47,932,690 | 0.45 | 943000.0 | |
| SYY | ADDED | SYSCO CORP | COM | 871829107 | 46,983,243 | 0.44 | 562135.0 |
| ABBV | REDUCED | ABBVIE INC | COM | 00287Y109 | 46,867,950 | 0.44 | 186250.0 |
| LIN | REDUCED | LINDE PLC | SHS | G54950103 | 45,718,614 | 0.43 | 88100.0 |
| WELL | REDUCED | WELLTOWER INC | COM | 95040Q104 | 43,135,649 | 0.41 | 190050.0 |
| - | ISHARES TR | RUSSELL 2000 ETF | 464287655 | 41,335,911 | 0.39 | 137580.0 | |
| - | ISHARES TR | CHINA LG-CAP ETF | 464287184 | 41,262,858 | 0.39 | 1306200.0 | |
| LRCX | ADDED | LAM RESEARCH CORP | COM NEW | 512807306 | 40,538,022 | 0.38 | 93550.0 |
| CVX | REDUCED | CHEVRON CORPORATION | COM | 166764100 | 39,478,562 | 0.37 | 238167.0 |
| HUBB | ADDED | HUBBELL INC | COM | 443510607 | 39,475,440 | 0.37 | 75450.0 |
| - | WELLS FARGO & CO | COM | 949746101 | 38,975,834 | 0.37 | 471634.0 | |
| NOW | REDUCED | SERVICENOW INC | COM | 81762P102 | 38,664,596 | 0.36 | 389450.0 |
| - | TJX COS INC NEW | COM | 872540109 | 38,526,450 | 0.36 | 254300.0 | |
| SLB | ADDED | SLB LIMITED | COM STK | 806857108 | 37,268,569 | 0.35 | 801647.0 |
| TMO | ADDED | THERMO FISHER SCIENTIFIC INC | COM | 883556102 | 37,193,392 | 0.35 | 74185.0 |
| - | DIMENSIONAL ETF TRUST | EMGR CRE EQT MNG | 25434V302 | 37,182,187 | 0.35 | 924700.0 | |
| - | AMERICAN TOWER CORP | COM | 03027X100 | 36,991,356 | 0.35 | 226150.0 | |
| MCD | REDUCED | MCDONALDS CORP | COM | 580135101 | 36,437,788 | 0.34 | 134800.0 |
| DXCM | REDUCED | DEXCOM INC | COM | 252131107 | 36,222,851 | 0.34 | 537830.0 |
| MRK | REDUCED | MERCK & CO INC | COM | 58933Y105 | 35,983,084 | 0.34 | 280024.0 |
| ALGN | REDUCED | ALIGN TECHNOLOGY INC | COM | 016255101 | 35,574,273 | 0.33 | 210923.0 |
| VZ | REDUCED | VERIZON COMMUNICATIONS INC | COM | 92343V104 | 35,377,864 | 0.33 | 835566.0 |
| RTX | REDUCED | RTX CORPORATION | COM | 75513E101 | 35,302,112 | 0.33 | 186065.0 |
| KKR | REDUCED | KKR & CO INC | COM | 48251W104 | 33,859,937 | 0.32 | 368925.0 |
| GEV | UNCHANGED | GE VERNOVA INC | COM | 36828A101 | 33,677,362 | 0.32 | 28665.0 |
| AXP | REDUCED | AMERICAN EXPRESS CO | COM | 025816109 | 33,638,963 | 0.32 | 99450.0 |
| - | COREBRIDGE FINL INC | COM | 21871X109 | 33,461,313 | 0.31 | 1168750.0 | |
| - | TEXAS INSTRS INC | COM | 882508104 | 32,385,306 | 0.3 | 108650.0 | |
| - | BANK OF AMER CORP | COM | 060505104 | 30,366,351 | 0.29 | 532930.0 | |
| - | SELECT SECTOR SPDR TR | ST STR REAL ETF | 81369Y860 | 29,015,770 | 0.27 | 659000.0 | |
| GS | REDUCED | GOLDMAN SACHS GROUP INC | COM | 38141G104 | 28,621,771 | 0.27 | 28300.0 |
| - | SIMON PPTY GROUP INC NEW | COM | 828806109 | 28,524,768 | 0.27 | 127542.0 | |
| ECL | REDUCED | ECOLAB INC | COM | 278865100 | 27,944,583 | 0.26 | 100300.0 |
| PLTR | REDUCED | PALANTIR TECHNOLOGIES INC | CL A | 69608A108 | 27,937,448 | 0.26 | 239457.0 |
| VLTO | REDUCED | VERALTO CORP | COM SHS | 92338C103 | 27,696,183 | 0.26 | 312316.0 |
| CB | NEW | CHUBB LIMITED | COM | H1467J104 | 27,497,718 | 0.26 | 80700.0 |
| COST | REDUCED | COSTCO WHOLESALE CORPORATION | COM | 22160K105 | 27,035,083 | 0.25 | 28900.0 |
| CTVA | REDUCED | CORTEVA INC | COM | 22052L104 | 26,508,648 | 0.25 | 313008.0 |
| - | PNC FINL SVCS GROUP INC | COM | 693475105 | 26,222,430 | 0.25 | 106500.0 | |
| - | L3HARRIS TECHNOLOGIES INC | COM | 502431109 | 25,717,215 | 0.24 | 88500.0 | |
| CVS | REDUCED | CVS HEALTH CORP | COM | 126650100 | 24,941,071 | 0.23 | 241093.0 |
| MDLZ | REDUCED | MONDELEZ INTL INC | CL A | 609207105 | 24,639,840 | 0.23 | 426000.0 |
| MDT | ADDED | MEDTRONIC PLC | SHS | G5960L103 | 24,524,323 | 0.23 | 313490.0 |
| - | INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 | 24,444,000 | 0.23 | 1200000.0 | |
| NFLX | REDUCED | NETFLIX INC. | COM | 64110L106 | 24,247,440 | 0.23 | 339600.0 |
| - | CANADIAN NAT RES LTD MED TER | COM | 136385101 | 24,111,551 | 0.23 | 610419.0 | |
| - | IDEXX LABS INC | COM | 45168D104 | 24,058,308 | 0.23 | 45700.0 | |
| H | UNCHANGED | HYATT HOTELS CORP | COM CL A | 448579102 | 23,367,024 | 0.22 | 120548.0 |
| AMGN | REDUCED | AMGEN INC | COM | 031162100 | 23,229,998 | 0.22 | 64150.0 |
| UL | NEW | UNILEVER PLC | SPON ADR NEW | 904767803 | 22,572,475 | 0.21 | 375457.0 |
| LVS | REDUCED | LAS VEGAS SANDS CORP | COM | 517834107 | 22,529,173 | 0.21 | 487750.0 |
| INTC | ADDED | INTEL CORP | COM | 458140100 | 22,340,800 | 0.21 | 160000.0 |
| BKNG | ADDED | BOOKING HOLDINGS INC | COM | 09857L108 | 22,079,480 | 0.21 | 123875.0 |
| SNDK | NEW | SANDISK CORP | COM | 80004C200 | 21,941,495 | 0.21 | 9650.0 |
| - | NORTHROP GRUMMAN CORP | COM | 666807102 | 21,925,796 | 0.21 | 43050.0 | |
| - | GALLAGHER ARTHUR J & CO | COM | 363576109 | 21,410,846 | 0.2 | 93265.0 | |
| - | APOLLO GLOBAL MGMT INC | COM | 03769M106 | 20,491,292 | 0.19 | 173200.0 | |
| MA | REDUCED | MASTERCARD INCORPORATED | CL A | 57636Q104 | 20,389,920 | 0.19 | 39700.0 |
| - | BROOKFIELD CORP | CL A LTD VT SH | 11271J107 | 20,296,265 | 0.19 | 476550.0 | |
| INTU | REDUCED | INTUIT | COM | 461202103 | 19,992,600 | 0.19 | 76600.0 |
| ORCL | REDUCED | ORACLE CORP | COM | 68389X105 | 19,873,059 | 0.19 | 135606.0 |
| BLK | REDUCED | BLACKROCK INC | COM | 09290D101 | 19,711,980 | 0.19 | 20500.0 |
| - | SPDR SERIES TRUST | ST STR SP INS | 78464A789 | 19,019,732 | 0.18 | 311850.0 | |
| - | PROGRESSIVE CORP | COM | 743315103 | 18,830,390 | 0.18 | 86200.0 | |
| - | DISNEY WALT CO | COM | 254687106 | 18,042,640 | 0.17 | 187456.0 | |
| ABT | REDUCED | ABBOTT LABORATORIES | COM | 002824100 | 17,807,725 | 0.17 | 196250.0 |
| SPGI | REDUCED | S&P GLOBAL INC | COM | 78409V104 | 17,776,899 | 0.17 | 43650.0 |
| UBER | REDUCED | UBER TECHNOLOGIES INC | COM | 90353T100 | 17,650,336 | 0.17 | 244600.0 |
| FDX | REDUCED | FEDEX CORP | COM | 31428X106 | 17,394,372 | 0.16 | 55550.0 |
| FN | ADDED | FABRINET | SHS | G3323L100 | 16,609,464 | 0.16 | 29550.0 |
| - | ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 | 15,959,430 | 0.15 | 128250.0 | |
| REGN | REDUCED | REGENERON PHARMACEUTICALS | COM | 75886F107 | 15,837,916 | 0.15 | 25400.0 |
| BA | REDUCED | BOEING CO | COM | 097023105 | 15,239,488 | 0.14 | 70400.0 |
| - | LOWES COS INC | COM | 548661107 | 15,048,443 | 0.14 | 68250.0 | |
| ADI | NEW | ANALOG DEVICES INC | COM | 032654105 | 14,496,705 | 0.14 | 36500.0 |
| DTE | UNCHANGED | DTE ENERGY CO | COM | 233331107 | 13,987,566 | 0.13 | 91800.0 |
| - | BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 | 13,883,339 | 0.13 | 224795.0 | |
| NKE | REDUCED | NIKE INC | CL B | 654106103 | 13,686,070 | 0.13 | 333400.0 |
| - | ISHARES TR | ISHARES BIOTECH | 464287556 | 13,503,490 | 0.13 | 71000.0 | |
| - | MARSH & MCLENNAN COS INC | COM | 571748102 | 13,100,262 | 0.12 | 78600.0 | |
| WH | REDUCED | WYNDHAM HOTELS & RESORTS INC | COM | 98311A105 | 12,959,919 | 0.12 | 153900.0 |
| PPL | UNCHANGED | PPL CORP | COM | 69351T106 | 12,577,100 | 0.12 | 346000.0 |
| LEN | REDUCED | LENNAR CORP | CL A | 526057104 | 12,555,488 | 0.12 | 138750.0 |
| SBUX | UNCHANGED | STARBUCKS CORP | COM | 855244109 | 12,395,647 | 0.12 | 121300.0 |
| AON | REDUCED | AON PLC | SHS CL A | G0403H108 | 11,161,369 | 0.1 | 33650.0 |
| DAL | REDUCED | DELTA AIR LINES INC | COM NEW | 247361702 | 10,934,805 | 0.1 | 116750.0 |
| PFE | REDUCED | PFIZER INC | COM | 717081103 | 10,537,408 | 0.1 | 437600.0 |
| - | OREILLY AUTOMOTIVE INC | COM | 67103H107 | 10,360,125 | 0.1 | 112500.0 | |
| PEP | REDUCED | PEPSICO INC | COM | 713448108 | 10,337,790 | 0.1 | 76350.0 |
| AIG | REDUCED | AMERICAN INTL GROUP INC | COM NEW | 026874784 | 9,353,515 | 0.09 | 125500.0 |
| OTIS | REDUCED | OTIS WORLDWIDE CORP | COM | 68902V107 | 9,325,900 | 0.09 | 130250.0 |
| HON | REDUCED | HONEYWELL INTL INC | COM | 438516205 | 9,168,705 | 0.09 | 40950.0 |
| HONA | NEW | HONEYWELL AEROSPACE INC | COM | 43849R105 | 9,053,226 | 0.09 | 40950.0 |
| TMUS | REDUCED | T-MOBILE US INC | COM | 872590104 | 8,847,758 | 0.08 | 52750.0 |
| NXPI | REDUCED | NXP SEMICONDUCTORS N V | COM | N6596X109 | 8,051,510 | 0.08 | 28650.0 |
| - | INTERNATIONAL BUSINESS MACHS | COM | 459200101 | 8,014,485 | 0.08 | 28500.0 | |
| WDC | NEW | WESTERN DIGITAL CORP | COM | 958102105 | 7,728,512 | 0.07 | 12100.0 |
| - | BHP BILLITON LIMITED | SPONSORED ADS | 088606108 | 7,435,584 | 0.07 | 89252.0 | |
| - | HSBC HLDGS PLC | SPON ADR NEW | 404280406 | 7,374,420 | 0.07 | 77552.0 | |
| - | BANCO SANTANDER SA | ADR | 05964H105 | 7,111,292 | 0.07 | 515311.0 | |
| NVS | UNCHANGED | NOVARTIS AG | SPONSORED ADR | 66987V109 | 7,062,744 | 0.07 | 45066.0 |
| - | ISHARES TR | MSCI ACWI EX US | 464288240 | 6,849,900 | 0.06 | 90000.0 | |
| BE | UNCHANGED | BLOOM ENERGY CORP | COM CL A | 093712107 | 6,810,750 | 0.06 | 22500.0 |
| EW | REDUCED | EDWARDS LIFESCIENCES CORP | COM | 28176E108 | 6,721,178 | 0.06 | 74300.0 |
| - | MITSUBISHI UFJ FINANCIAL GRO | SPONSORED ADS | 606822104 | 6,274,579 | 0.06 | 315464.0 | |
| MET | REDUCED | METLIFE INC | COM | 59156R108 | 5,761,941 | 0.05 | 68100.0 |
| SHEL | UNCHANGED | SHELL PLC | SPON ADS | 780259305 | 5,523,407 | 0.05 | 71233.0 |
| - | ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | 5,483,721 | 0.05 | 57134.0 | |
| VST | UNCHANGED | VISTRA CORP | COM | 92840M102 | 5,441,009 | 0.05 | 34300.0 |
| - | SUMITOMO MITSUI FIN GRP INC | SPONSORED ADR | 86562M209 | 5,433,587 | 0.05 | 230432.0 | |
| TM | UNCHANGED | TOYOTA MOTOR CORP | ADS | 892331307 | 4,496,477 | 0.04 | 26698.0 |
| - | FEDEX FGHT HLDG CO INC | COMMON STOCK | 314352105 | 4,194,025 | 0.04 | 27775.0 | |
| - | ARM HOLDINGS PLC | SPONSORED ADS | 042068205 | 3,935,727 | 0.04 | 11100.0 | |
| - | FOMENTO ECONOMICO MEXICANO S | SPON ADR UNITS | 344419106 | 3,728,413 | 0.04 | 29151.0 | |
| GSK | UNCHANGED | GSK PLC | SPONSORED ADR | 37733W204 | 3,677,315 | 0.03 | 70151.0 |
| BSX | UNCHANGED | BOSTON SCIENTIFIC CORP | COM | 101137107 | 3,610,728 | 0.03 | 84600.0 |
| NGG | REDUCED | NATIONAL GRID PLC | SPONSORED ADR NE | 636274409 | 3,367,671 | 0.03 | 40638.0 |
| SAP | UNCHANGED | SAP SE | SPON ADR | 803054204 | 2,978,022 | 0.03 | 19324.0 |
| UBS | ADDED | UBS GROUP AG | SHS | H42097107 | 2,869,177 | 0.03 | 57893.0 |
| NVO | UNCHANGED | NOVO-NORDISK A S | ADR | 670100205 | 2,637,803 | 0.02 | 55023.0 |
| MFG | UNCHANGED | MIZUHO FINANCIAL GROUP INC | SPONSORED ADR | 60687Y109 | 2,619,565 | 0.02 | 273441.0 |
| LYG | NEW | LLOYDS BANKING GROUP PLC | SPONSORED ADR | 539439109 | 2,334,577 | 0.02 | 400442.0 |
| SONY | UNCHANGED | SONY GROUP CORP | SPONSORED ADR | 835699307 | 2,155,126 | 0.02 | 107434.0 |
| - | NU HLDGS LTD | ORD SHS CL A | G6683N103 | 1,975,036 | 0.02 | 147832.0 | |
| TTE | UNCHANGED | TOTALENERGIES SE | ACT | F92124100 | 1,909,008 | 0.02 | 24550.0 |
| - | BARRICK MNG CORP | COM SHS | 06849F108 | 1,900,484 | 0.02 | 51742.0 | |
| HLN | UNCHANGED | HALEON PLC | SPON ADS | 405552100 | 1,833,690 | 0.02 | 196537.0 |
| HDB | UNCHANGED | HDFC BANK LTD | SPONSORED ADS | 40415F101 | 1,806,008 | 0.02 | 69919.0 |
| GOOGL | REDUCED | ALPHABET INC | CAP STK CL A | 02079K305 | 1,786,850 | 0.02 | 5000.0 |
| - | VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | 1,677,289 | 0.02 | 28100.0 | |
| GFI | UNCHANGED | GOLD FIELDS LTD | SPONSORED ADR | 38059T106 | 1,642,618 | 0.02 | 48902.0 |
| - | NEW ORIENTAL ED & TECHNOLOGY | SPON ADR | 647581206 | 1,502,129 | 0.01 | 32719.0 | |
| MELI | ADDED | MERCADOLIBRE INC | COM | 58733R102 | 1,407,136 | 0.01 | 829.0 |
| - | BANCO BRADESCO S A | SP ADR PFD NEW | 059460303 | 1,347,446 | 0.01 | 388313.0 | |
| SNN | UNCHANGED | SMITH & NEPHEW PLC | SPDN ADR NEW | 83175M205 | 1,151,737 | 0.01 | 39977.0 |
| NOK | NEW | NOKIA CORP | SPONSORED ADR | 654902204 | 1,137,578 | 0.01 | 85661.0 |
| SE | UNCHANGED | SEA LTD | SPONSORD ADS | 81141R100 | 1,111,724 | 0.01 | 11601.0 |
| - | VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 | 1,005,000 | 0.01 | 12000.0 | |
| BIDU | UNCHANGED | BAIDU INC | SPON ADR REP A | 056752108 | 865,175 | 0.01 | 7570.0 |
| GILD | UNCHANGED | GILEAD SCIENCES INC | COM | 375558103 | 758,040 | 0.01 | 6000.0 |
| HUBS | UNCHANGED | HUBSPOT INC | COM | 443573100 | 638,785 | 0.01 | 3500.0 |
| - | PAN AMERN SILVER CORP | COM | 697900108 | 637,675 | 0.01 | 14237.0 | |
| - | TELEKOMUNIKASI IND | SPONSORED ADR | 715684106 | 584,339 | 0.01 | 43510.0 | |
| AEG | UNCHANGED | AEGON LTD | AMER REG 1 CERT | 0076CA104 | 501,319 | 0.0 | 59398.0 |
| - | SELECT SECTOR SPDR TR | ST STR STAPL ETF | 81369Y308 | 473,499 | 0.0 | 5700.0 | |
| CRM | REDUCED | SALESFORCE INC | COM | 79466L302 | 454,314 | 0.0 | 2900.0 |
| FISV | UNCHANGED | FISERV INC | COM | 337738108 | 431,640 | 0.0 | 8800.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-07-21 | 10,638,339,113 | 205 | 13.205708 | 0.653229 | 20.044095 |
| 2026-03-31 | 2026-05-05 | 8,888,636,542 | 196 | 12.922 | 0.646037 | 20.21574 |
| 2025-12-31 | 2026-01-23 | 9,863,970,419 | 196 | 12.303733 | 0.614873 | 18.628211 |
| 2025-09-30 | 2025-11-10 | 10,268,494,383 | 195 | 11.723022 | 0.586787 | 17.944763 |
| 2025-03-31 | 2025-04-17 | 8,620,105,653 | 167 | 10.767073 | 0.542974 | 17.422439 |
| 2024-12-31 | 2025-01-24 | 9,248,140,455 | 172 | 11.757665 | 0.591726 | 18.483259 |