13F HOLDINGS REPORT
FACTORY MUTUAL INSURANCE CO
Quarter ended Q3 2025 · Filed November 10, 2025 · Accession 0000887818-25-000002
Total Value
$10.27B
Positions
195
Other Managers
0
Confidential Omitted
No
Holdings (195)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | NVDA | 2,938,848 | $548.3M | 5.34% |
| 2 | MICROSOFT CORP | MSFT | 1,050,968 | $544.3M | 5.30% |
| 3 | ISHARES TR | 46432F834 | 5,923,560 | $489.2M | 4.76% |
| 4 | APPLE INC | AAPL | 1,767,571 | $450.1M | 4.38% |
| 5 | ALPHABET INC | GOOG | 1,552,321 | $378.1M | 3.68% |
| 6 | ISHARES TR | 464287226 | 3,755,423 | $376.5M | 3.67% |
| 7 | SELECT SECTOR SPDR TR | 81369Y803 | 1,177,180 | $331.8M | 3.23% |
| 8 | AMAZON COM INC | AMZN | 1,342,024 | $294.7M | 2.87% |
| 9 | J P MORGAN EXCHANGE TRADED F | 46641Q670 | 5,846,314 | $278.0M | 2.71% |
| 10 | BROADCOM INC | AVGO | 798,445 | $263.4M | 2.57% |
| 11 | META PLATFORMS INC | META | 297,391 | $218.4M | 2.13% |
| 12 | DIMENSIONAL ETF TRUST | 25434V872 | 4,538,370 | $194.1M | 1.89% |
| 13 | SELECT SECTOR SPDR TR | 81369Y886 | 2,062,250 | $179.8M | 1.75% |
| 14 | JPMORGAN CHASE & CO. | VYLD | 541,725 | $170.9M | 1.66% |
| 15 | DIMENSIONAL ETF TRUST | 25434V880 | 4,806,630 | $150.8M | 1.47% |
| 16 | SELECT SECTOR SPDR TR | 81369Y704 | 923,500 | $142.4M | 1.39% |
| 17 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 254,500 | $127.9M | 1.25% |
| 18 | TESLA INC | TSLA | 269,400 | $119.8M | 1.17% |
| 19 | VISA INC | V | 334,801 | $114.3M | 1.11% |
| 20 | VANGUARD INTL EQUITY INDEX F | 922042874 | 1,412,500 | $112.7M | 1.10% |
| 21 | VANGUARD INDEX FDS | 922908363 | 178,137 | $109.1M | 1.06% |
| 22 | DIMENSIONAL ETF TRUST | 25434V302 | 3,086,900 | $97.3M | 0.95% |
| 23 | SPDR GOLD TR | GLD | 252,100 | $89.6M | 0.87% |
| 24 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 288,325 | $80.5M | 0.78% |
| 25 | JOHNSON & JOHNSON | JNJ | 434,060 | $80.5M | 0.78% |
| 26 | ASML HOLDING N V | ASMLF | 81,731 | $79.1M | 0.77% |
| 27 | EXXON MOBIL CORP | XOM | 680,654 | $76.7M | 0.75% |
| 28 | SERVICENOW INC | NOW | 83,200 | $76.6M | 0.75% |
| 29 | CADENCE DESIGN SYSTEM INC | CDNS | 211,171 | $74.2M | 0.72% |
| 30 | KLA CORP | KLAC | 68,252 | $73.6M | 0.72% |
| 31 | UNITEDHEALTH GROUP INC | UNH | 212,400 | $73.3M | 0.71% |
| 32 | ISHARES TR | 464287499 | 758,700 | $73.3M | 0.71% |
| 33 | WALMART INC | WMT | 679,576 | $70.0M | 0.68% |
| 34 | SELECT SECTOR SPDR TR | 81369Y407 | 284,000 | $68.1M | 0.66% |
| 35 | ELI LILLY & CO | LLY | 86,500 | $66.0M | 0.64% |
| 36 | PHILIP MORRIS INTL INC | 718172109 | 380,806 | $61.8M | 0.60% |
| 37 | PROCTER AND GAMBLE CO | 742718109 | 397,537 | $61.1M | 0.59% |
| 38 | WELLS FARGO CO NEW | 949746101 | 706,064 | $59.2M | 0.58% |
| 39 | SELECT SECTOR SPDR TR | 81369Y100 | 658,800 | $59.0M | 0.57% |
| 40 | VERIZON COMMUNICATIONS INC | VZ | 1,310,366 | $57.6M | 0.56% |
| 41 | CHEVRON CORP NEW | CVX | 363,117 | $56.4M | 0.55% |
| 42 | UNION PAC CORP | UNP | 235,150 | $55.6M | 0.54% |
| 43 | ABBVIE INC | ABBV | 233,300 | $54.0M | 0.53% |
| 44 | ORACLE CORP | ORCL-PD | 191,556 | $53.9M | 0.52% |
| 45 | EATON CORP PLC | ETN | 140,119 | $52.4M | 0.51% |
| 46 | MORGAN STANLEY | MS-PQ | 329,050 | $52.3M | 0.51% |
| 47 | ISHARES TR | 46435U853 | 1,355,000 | $51.2M | 0.50% |
| 48 | ISHARES TR | 46435G250 | 1,055,715 | $50.5M | 0.49% |
| 49 | HOME DEPOT INC | HD | 123,400 | $50.0M | 0.49% |
| 50 | KKR & CO INC | KKRT | 379,000 | $49.3M | 0.48% |
| 51 | AMPHENOL CORP NEW | 032095101 | 393,634 | $48.7M | 0.47% |
| 52 | COCA COLA CO | KO | 726,400 | $48.2M | 0.47% |
| 53 | THERMO FISHER SCIENTIFIC INC | TMO | 98,935 | $48.0M | 0.47% |
| 54 | WELLTOWER INC | WELL | 266,800 | $47.5M | 0.46% |
| 55 | PALANTIR TECHNOLOGIES INC | PLTR | 250,557 | $45.7M | 0.45% |
| 56 | GE AEROSPACE | 369604301 | 151,367 | $45.5M | 0.44% |
| 57 | CORTEVA INC | CTVA | 671,058 | $45.4M | 0.44% |
| 58 | AMERICAN TOWER CORP NEW | 03027X100 | 227,700 | $43.8M | 0.43% |
| 59 | DANAHER CORPORATION | 235851102 | 216,800 | $43.0M | 0.42% |
| 60 | LINDE PLC | LIN | 88,600 | $42.1M | 0.41% |
| 61 | UNILEVER PLC | UNLYF | 700,409 | $41.5M | 0.40% |
| 62 | MCDONALDS CORP | MCD | 136,200 | $41.4M | 0.40% |
| 63 | NETFLIX INC | NFLX | 34,200 | $41.0M | 0.40% |
| 64 | AMETEK INC | AME | 201,800 | $37.9M | 0.37% |
| 65 | RTX CORPORATION | RTX | 221,815 | $37.1M | 0.36% |
| 66 | TJX COS INC NEW | 872540109 | 255,200 | $36.9M | 0.36% |
| 67 | MONOLITHIC PWR SYS INC | 609839105 | 39,972 | $36.8M | 0.36% |
| 68 | SPDR SERIES TRUST | 78464A789 | 615,100 | $36.5M | 0.36% |
| 69 | AMERICAN EXPRESS CO | AXP | 108,500 | $36.0M | 0.35% |
| 70 | BOOKING HOLDINGS INC | BKNG | 6,530 | $35.3M | 0.34% |
| 71 | L3HARRIS TECHNOLOGIES INC | LHX | 114,900 | $35.1M | 0.34% |
| 72 | CHUBB LIMITED | CB | 120,200 | $33.9M | 0.33% |
| 73 | CVS HEALTH CORP | CVS | 449,243 | $33.9M | 0.33% |
| 74 | DEXCOM INC | DXCM | 497,930 | $33.5M | 0.33% |
| 75 | ISHARES TR | 464287655 | 137,580 | $33.3M | 0.32% |
| 76 | COMCAST CORP NEW | CCZ | 1,046,200 | $32.9M | 0.32% |
| 77 | HUBBELL INC | HUBB | 71,600 | $30.8M | 0.30% |
| 78 | VANGUARD INTL EQUITY INDEX F | 922042866 | 350,000 | $30.7M | 0.30% |
| 79 | CATERPILLAR INC | CAT | 64,100 | $30.6M | 0.30% |
| 80 | SIMON PPTY GROUP INC NEW | 828806109 | 160,592 | $30.1M | 0.29% |
| 81 | ALIGN TECHNOLOGY INC | ALGN | 240,293 | $30.1M | 0.29% |
| 82 | VERALTO CORP | VLTO | 280,066 | $29.9M | 0.29% |
| 83 | IDEXX LABS INC | 45168D104 | 45,800 | $29.3M | 0.28% |
| 84 | INTUIT | INTU | 42,200 | $28.8M | 0.28% |
| 85 | FISERV INC | FISV | 219,600 | $28.3M | 0.28% |
| 86 | NORTHROP GRUMMAN CORP | NOC | 46,300 | $28.2M | 0.27% |
| 87 | BJS WHSL CLUB HLDGS INC | 05550J101 | 301,537 | $28.1M | 0.27% |
| 88 | GE VERNOVA INC | GEV | 45,265 | $27.8M | 0.27% |
| 89 | ECOLAB INC | ECL | 101,400 | $27.8M | 0.27% |
| 90 | SELECT SECTOR SPDR TR | 81369Y860 | 659,000 | $27.8M | 0.27% |
| 91 | BANK AMERICA CORP | 060505104 | 535,080 | $27.6M | 0.27% |
| 92 | COSTCO WHSL CORP NEW | 22160K105 | 29,200 | $27.0M | 0.26% |
| 93 | DEERE & CO | DE | 58,900 | $26.9M | 0.26% |
| 94 | MONDELEZ INTL INC | 609207105 | 427,500 | $26.7M | 0.26% |
| 95 | APOLLO GLOBAL MGMT INC | 03769M106 | 199,400 | $26.6M | 0.26% |
| 96 | ABBOTT LABS | ABLZF | 198,300 | $26.6M | 0.26% |
| 97 | SELECT SECTOR SPDR TR | 81369Y308 | 336,700 | $26.4M | 0.26% |
| 98 | COREBRIDGE FINL INC | 21871X109 | 815,400 | $26.1M | 0.25% |
| 99 | NXP SEMICONDUCTORS N V | NXPI | 114,400 | $26.1M | 0.25% |
| 100 | BROOKFIELD CORP | 11271J107 | 374,000 | $25.6M | 0.25% |
| 101 | ACCENTURE PLC IRELAND | ACN | 103,600 | $25.5M | 0.25% |
| 102 | INVESCO EXCH TRADED FD TR II | IVZ | 1,200,000 | $25.1M | 0.24% |
| 103 | SELECT SECTOR SPDR TR | 81369Y506 | 276,600 | $24.7M | 0.24% |
| 104 | CANADIAN NAT RES LTD | 136385101 | 773,003 | $24.7M | 0.24% |
| 105 | DATADOG INC | DDOG | 170,441 | $24.3M | 0.24% |
| 106 | T-MOBILE US INC | TMUSZ | 101,257 | $24.2M | 0.24% |
| 107 | UBER TECHNOLOGIES INC | UBER | 247,200 | $24.2M | 0.24% |
| 108 | BLACKROCK INC | BLK | 20,700 | $24.1M | 0.24% |
| 109 | LAS VEGAS SANDS CORP | LVS | 439,600 | $23.6M | 0.23% |
| 110 | MERCK & CO INC | MRK | 281,024 | $23.6M | 0.23% |
| 111 | MEDTRONIC PLC | MDT | 245,740 | $23.4M | 0.23% |
| 112 | NIKE INC | NKE | 335,400 | $23.4M | 0.23% |
| 113 | MASTERCARD INCORPORATED | MA | 40,100 | $22.8M | 0.22% |
| 114 | GOLDMAN SACHS GROUP INC | GSCE | 28,600 | $22.8M | 0.22% |
| 115 | ARISTA NETWORKS INC | ANET | 153,020 | $22.3M | 0.22% |
| 116 | MICRON TECHNOLOGY INC | MU | 131,745 | $22.0M | 0.21% |
| 117 | PROGRESSIVE CORP | 743315103 | 87,100 | $21.5M | 0.21% |
| 118 | PNC FINL SVCS GROUP INC | 693475105 | 107,000 | $21.5M | 0.21% |
| 119 | S&P GLOBAL INC | SPGI | 44,100 | $21.5M | 0.21% |
| 120 | FEDEX CORP | FDX | 86,600 | $20.4M | 0.20% |
| 121 | SCHLUMBERGER LTD | SLB | 539,147 | $18.5M | 0.18% |
| 122 | AMGEN INC | AMGN | 64,800 | $18.3M | 0.18% |
| 123 | AON PLC | AON | 51,000 | $18.2M | 0.18% |
| 124 | LENNAR CORP | LEN-B | 139,500 | $17.6M | 0.17% |
| 125 | ADOBE INC | ADBE | 49,650 | $17.5M | 0.17% |
| 126 | HONEYWELL INTL INC | 438516106 | 82,400 | $17.3M | 0.17% |
| 127 | LOWES COS INC | 548661107 | 68,600 | $17.2M | 0.17% |
| 128 | HYATT HOTELS CORP | H | 120,548 | $17.1M | 0.17% |
| 129 | MARSH & MCLENNAN COS INC | 571748102 | 79,400 | $16.0M | 0.16% |
| 130 | US FOODS HLDG CORP | USFD | 207,800 | $15.9M | 0.16% |
| 131 | SYSCO CORP | SYY | 190,000 | $15.6M | 0.15% |
| 132 | BOEING CO | BA-PA | 71,100 | $15.3M | 0.15% |
| 133 | GALLAGHER ARTHUR J & CO | 363576109 | 49,500 | $15.3M | 0.15% |
| 134 | DISNEY WALT CO | 254687106 | 130,606 | $15.0M | 0.15% |
| 135 | REGENERON PHARMACEUTICALS | REGN | 25,600 | $14.4M | 0.14% |
| 136 | EXACT SCIENCES CORP | 30063P105 | 253,500 | $13.9M | 0.14% |
| 137 | TEXAS INSTRS INC | 882508104 | 73,000 | $13.4M | 0.13% |
| 138 | MARVELL TECHNOLOGY INC | MRVL | 148,809 | $12.5M | 0.12% |
| 139 | WYNDHAM HOTELS & RESORTS INC | WH | 154,700 | $12.4M | 0.12% |
| 140 | SALESFORCE INC | CRM | 51,800 | $12.3M | 0.12% |
| 141 | OREILLY AUTOMOTIVE INC | 67103H107 | 112,500 | $12.1M | 0.12% |
| 142 | OTIS WORLDWIDE CORP | OTIS | 130,800 | $12.0M | 0.12% |
| 143 | ADVANCED MICRO DEVICES INC | AMD | 73,072 | $11.8M | 0.12% |
| 144 | PFIZER INC | PFE | 442,400 | $11.3M | 0.11% |
| 145 | PEPSICO INC | PEP | 77,000 | $10.8M | 0.11% |
| 146 | STARBUCKS CORP | SBUX | 121,300 | $10.3M | 0.10% |
| 147 | ISHARES TR | 464287556 | 71,000 | $10.3M | 0.10% |
| 148 | WARNER BROS DISCOVERY INC | WBD | 511,406 | $10.0M | 0.10% |
| 149 | AMERICAN INTL GROUP INC | 026874784 | 126,800 | $10.0M | 0.10% |
| 150 | PERFORMANCE FOOD GROUP CO | PFGC | 90,000 | $9.4M | 0.09% |
| 151 | ALIBABA GROUP HLDG LTD | BBAAY | 47,721 | $8.5M | 0.08% |
| 152 | INTERNATIONAL BUSINESS MACHS | INTR | 28,800 | $8.1M | 0.08% |
| 153 | BOSTON SCIENTIFIC CORP | BSX | 71,100 | $6.9M | 0.07% |
| 154 | INTUITIVE SURGICAL INC | ISRG | 15,300 | $6.8M | 0.07% |
| 155 | DELTA AIR LINES INC DEL | DAL | 118,000 | $6.7M | 0.07% |
| 156 | MITSUBISHI UFJ FINL GROUP IN | 606822104 | 394,330 | $6.3M | 0.06% |
| 157 | ISHARES TR | 464288240 | 90,000 | $5.9M | 0.06% |
| 158 | EDWARDS LIFESCIENCES CORP | EW | 75,100 | $5.8M | 0.06% |
| 159 | QUALCOMM INC | QCOM | 34,100 | $5.7M | 0.06% |
| 160 | METLIFE INC | MET-PF | 68,800 | $5.7M | 0.06% |
| 161 | HSBC HLDGS PLC | HBCYF | 77,552 | $5.5M | 0.05% |
| 162 | BANCO SANTANDER S.A. | BCDRF | 515,311 | $5.4M | 0.05% |
| 163 | HDFC BANK LTD | HDB | 156,328 | $5.3M | 0.05% |
| 164 | SAP SE | SAPGF | 19,324 | $5.2M | 0.05% |
| 165 | GOLD FIELDS LTD | GFIOF | 122,003 | $5.1M | 0.05% |
| 166 | TOYOTA MOTOR CORP | TOYOF | 26,698 | $5.1M | 0.05% |
| 167 | BHP GROUP LTD | BHPLF | 89,252 | $5.0M | 0.05% |
| 168 | SONY GROUP CORP | SNEJF | 167,119 | $4.8M | 0.05% |
| 169 | NOVARTIS AG | NVSEF | 35,796 | $4.6M | 0.04% |
| 170 | ASTRAZENECA PLC | AZN | 57,852 | $4.4M | 0.04% |
| 171 | NATIONAL GRID PLC | NMPWP | 60,957 | $4.4M | 0.04% |
| 172 | BRITISH AMERN TOB PLC | 110448107 | 64,145 | $3.4M | 0.03% |
| 173 | NOVO-NORDISK A S | NONOF | 59,614 | $3.3M | 0.03% |
| 174 | UBS GROUP AG | UBS | 77,256 | $3.2M | 0.03% |
| 175 | SUMITOMO MITSUI FINL GROUP I | 86562M209 | 188,992 | $3.2M | 0.03% |
| 176 | FOMENTO ECONOMICO MEXICANO S | 344419106 | 29,151 | $2.9M | 0.03% |
| 177 | SHELL PLC | RYDAF | 35,274 | $2.5M | 0.02% |
| 178 | NEW ORIENTAL ED & TECHNOLOGY | 647581206 | 47,197 | $2.5M | 0.02% |
| 179 | NU HLDGS LTD | NU | 147,832 | $2.4M | 0.02% |
| 180 | DIAGEO PLC | DGEAF | 24,675 | $2.4M | 0.02% |
| 181 | FUTU HLDGS LTD | FUTU | 11,992 | $2.1M | 0.02% |
| 182 | SEA LTD | SE | 10,890 | $1.9M | 0.02% |
| 183 | FRESENIUS MEDICAL CARE AG | FMCQF | 67,196 | $1.8M | 0.02% |
| 184 | AEGON LTD | AEFC | 218,660 | $1.7M | 0.02% |
| 185 | BARRICK MNG CORP | 06849F108 | 51,742 | $1.7M | 0.02% |
| 186 | P T TELEKOMUNIKASI INDONESIA | 715684106 | 87,020 | $1.6M | 0.02% |
| 187 | HUBSPOT INC | HUBS | 3,500 | $1.6M | 0.02% |
| 188 | VANGUARD INTL EQUITY INDEX F | 922042858 | 28,100 | $1.5M | 0.01% |
| 189 | MERCADOLIBRE INC | MELI | 639 | $1.5M | 0.01% |
| 190 | TOTALENERGIES SE | TTE | 24,550 | $1.5M | 0.01% |
| 191 | ALPHABET INC | GOOG | 5,000 | $1.2M | 0.01% |
| 192 | SMITH & NEPHEW PLC | SNNUF | 27,747 | $1.0M | 0.01% |
| 193 | VANGUARD INTL EQUITY INDEX F | 922042775 | 12,000 | $856,440 | 0.01% |
| 194 | TRIP COM GROUP LTD | TRPCF | 10,271 | $772,379 | 0.01% |
| 195 | GILEAD SCIENCES INC | GILD | 6,000 | $666,000 | 0.01% |