13F HOLDINGS REPORT
FACTORY MUTUAL INSURANCE CO
Quarter ended Q4 2025 · Filed January 23, 2026 · Accession 0000887818-26-000001
Total Value
$9.86B
Positions
196
Other Managers
0
Confidential Omitted
No
Holdings (196)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | NVDA | 2,922,698 | $545.1M | 5.53% |
| 2 | MICROSOFT CORP | MSFT | 1,008,818 | $487.9M | 4.95% |
| 3 | APPLE INC | AAPL | 1,727,321 | $469.6M | 4.76% |
| 4 | ALPHABET INC | GOOG | 1,478,271 | $463.9M | 4.70% |
| 5 | ISHARES TR | 464287226 | 4,096,000 | $409.1M | 4.15% |
| 6 | AMAZON COM INC | AMZN | 1,331,024 | $307.2M | 3.11% |
| 7 | J P MORGAN EXCHANGE TRADED F | 46641Q670 | 5,846,314 | $276.8M | 2.81% |
| 8 | BROADCOM INC | AVGO | 724,445 | $250.7M | 2.54% |
| 9 | DIMENSIONAL ETF TRUST | 25434V872 | 4,538,370 | $193.2M | 1.96% |
| 10 | META PLATFORMS INC | META | 291,441 | $192.4M | 1.95% |
| 11 | SELECT SECTOR SPDR TR | 81369Y886 | 3,823,850 | $163.2M | 1.65% |
| 12 | JPMORGAN CHASE & CO. | VYLD | 493,775 | $159.1M | 1.61% |
| 13 | DIMENSIONAL ETF TRUST | 25434V880 | 4,806,630 | $157.3M | 1.59% |
| 14 | SELECT SECTOR SPDR TR | 81369Y803 | 1,022,030 | $147.1M | 1.49% |
| 15 | VANGUARD INTL EQUITY INDEX F | 922042874 | 1,729,400 | $144.6M | 1.47% |
| 16 | SELECT SECTOR SPDR TR | 81369Y704 | 923,500 | $143.3M | 1.45% |
| 17 | ISHARES TR | 46432F834 | 1,647,735 | $139.5M | 1.41% |
| 18 | J P MORGAN EXCHANGE TRADED F | 46641Q134 | 1,671,130 | $125.1M | 1.27% |
| 19 | TESLA INC | TSLA | 262,550 | $118.1M | 1.20% |
| 20 | VISA INC | V | 332,951 | $116.8M | 1.18% |
| 21 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 231,100 | $116.2M | 1.18% |
| 22 | DIMENSIONAL ETF TRUST | 25434V302 | 3,086,900 | $100.5M | 1.02% |
| 23 | ISHARES TR | 46435G250 | 2,116,815 | $100.2M | 1.02% |
| 24 | SPDR GOLD TR | GLD | 252,100 | $99.9M | 1.01% |
| 25 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 317,975 | $96.6M | 0.98% |
| 26 | ELI LILLY & CO | LLY | 85,900 | $92.3M | 0.94% |
| 27 | EXXON MOBIL CORP | XOM | 663,004 | $79.8M | 0.81% |
| 28 | UNITEDHEALTH GROUP INC | UNH | 240,700 | $79.5M | 0.81% |
| 29 | JOHNSON & JOHNSON | JNJ | 378,260 | $78.3M | 0.79% |
| 30 | ISHARES TR | 464287499 | 758,700 | $73.0M | 0.74% |
| 31 | SERVICENOW INC | NOW | 469,850 | $72.0M | 0.73% |
| 32 | KLA CORP | KLAC | 58,652 | $71.3M | 0.72% |
| 33 | VANGUARD INDEX FDS | 922908363 | 112,887 | $70.8M | 0.72% |
| 34 | CADENCE DESIGN SYSTEM INC | CDNS | 220,421 | $68.9M | 0.70% |
| 35 | WALMART INC | WMT | 611,826 | $68.2M | 0.69% |
| 36 | SELECT SECTOR SPDR TR | 81369Y407 | 568,000 | $67.8M | 0.69% |
| 37 | PHILIP MORRIS INTL INC | 718172109 | 418,406 | $67.1M | 0.68% |
| 38 | ASML HOLDING N V | ASMLF | 60,681 | $64.9M | 0.66% |
| 39 | WELLS FARGO CO NEW | 949746101 | 689,364 | $64.2M | 0.65% |
| 40 | SELECT SECTOR SPDR TR | 81369Y100 | 1,317,600 | $59.8M | 0.61% |
| 41 | MORGAN STANLEY | MS-PQ | 329,050 | $58.4M | 0.59% |
| 42 | PROCTER AND GAMBLE CO | 742718109 | 387,437 | $55.5M | 0.56% |
| 43 | CHEVRON CORP NEW | CVX | 352,367 | $53.7M | 0.54% |
| 44 | ACCENTURE PLC IRELAND | ACN | 199,600 | $53.6M | 0.54% |
| 45 | UNION PAC CORP | UNP | 227,950 | $52.7M | 0.53% |
| 46 | AMPHENOL CORP NEW | 032095101 | 384,034 | $51.9M | 0.53% |
| 47 | ISHARES TR | 46435U853 | 1,355,000 | $50.7M | 0.51% |
| 48 | COCA COLA CO | KO | 707,950 | $49.5M | 0.50% |
| 49 | PALANTIR TECHNOLOGIES INC | PLTR | 276,357 | $49.1M | 0.50% |
| 50 | THERMO FISHER SCIENTIFIC INC | TMO | 84,085 | $48.7M | 0.49% |
| 51 | DANAHER CORPORATION | 235851102 | 211,300 | $48.4M | 0.49% |
| 52 | KKR & CO INC | KKRT | 377,300 | $48.1M | 0.49% |
| 53 | HOME DEPOT INC | HD | 135,100 | $46.5M | 0.47% |
| 54 | WELLTOWER INC | WELL | 245,600 | $45.6M | 0.46% |
| 55 | GE AEROSPACE | 369604301 | 147,517 | $45.4M | 0.46% |
| 56 | EATON CORP PLC | ETN | 139,269 | $44.4M | 0.45% |
| 57 | AMETEK INC | AME | 215,100 | $44.2M | 0.45% |
| 58 | MICRON TECHNOLOGY INC | MU | 152,345 | $43.5M | 0.44% |
| 59 | ARISTA NETWORKS INC | ANET | 328,420 | $43.0M | 0.44% |
| 60 | ABBVIE INC | ABBV | 185,150 | $42.3M | 0.43% |
| 61 | LINDE PLC | LIN | 97,700 | $41.7M | 0.42% |
| 62 | RTX CORPORATION | RTX | 220,115 | $40.4M | 0.41% |
| 63 | ADVANCED MICRO DEVICES INC | AMD | 186,972 | $40.0M | 0.41% |
| 64 | MCDONALDS CORP | MCD | 131,000 | $40.0M | 0.41% |
| 65 | AMERICAN TOWER CORP NEW | 03027X100 | 221,900 | $39.0M | 0.39% |
| 66 | TJX COS INC NEW | 872540109 | 251,850 | $38.7M | 0.39% |
| 67 | ORACLE CORP | ORCL-PD | 190,356 | $37.1M | 0.38% |
| 68 | CATERPILLAR INC | CAT | 63,600 | $36.4M | 0.37% |
| 69 | SPDR SERIES TRUST | 78464A789 | 605,150 | $36.4M | 0.37% |
| 70 | CHUBB LIMITED | CB | 116,500 | $36.4M | 0.37% |
| 71 | AMERICAN EXPRESS CO | AXP | 96,600 | $35.7M | 0.36% |
| 72 | INTUIT | INTU | 53,900 | $35.7M | 0.36% |
| 73 | MONOLITHIC PWR SYS INC | 609839105 | 39,272 | $35.6M | 0.36% |
| 74 | BOOKING HOLDINGS INC | BKNG | 6,530 | $35.0M | 0.35% |
| 75 | ISHARES TR | 464287655 | 137,580 | $33.9M | 0.34% |
| 76 | VERIZON COMMUNICATIONS INC | VZ | 829,816 | $33.8M | 0.34% |
| 77 | L3HARRIS TECHNOLOGIES INC | LHX | 112,550 | $33.0M | 0.33% |
| 78 | DEXCOM INC | DXCM | 490,130 | $32.5M | 0.33% |
| 79 | VANGUARD INTL EQUITY INDEX F | 922042866 | 350,000 | $31.6M | 0.32% |
| 80 | HUBBELL INC | HUBB | 71,000 | $31.5M | 0.32% |
| 81 | NETFLIX INC | NFLX | 333,250 | $31.2M | 0.32% |
| 82 | IDEXX LABS INC | 45168D104 | 45,400 | $30.7M | 0.31% |
| 83 | UNILEVER PLC | UNLYF | 457,195 | $29.9M | 0.30% |
| 84 | GE VERNOVA INC | GEV | 45,265 | $29.6M | 0.30% |
| 85 | MERCK & CO INC | MRK | 277,374 | $29.2M | 0.30% |
| 86 | BANK AMERICA CORP | 060505104 | 527,130 | $29.0M | 0.29% |
| 87 | NXP SEMICONDUCTORS N V | NXPI | 133,050 | $28.9M | 0.29% |
| 88 | APOLLO GLOBAL MGMT INC | 03769M106 | 197,400 | $28.6M | 0.29% |
| 89 | LAS VEGAS SANDS CORP | LVS | 426,250 | $27.7M | 0.28% |
| 90 | VERALTO CORP | VLTO | 272,616 | $27.2M | 0.28% |
| 91 | SELECT SECTOR SPDR TR | 81369Y860 | 659,000 | $26.6M | 0.27% |
| 92 | DEERE & CO | DE | 56,600 | $26.4M | 0.27% |
| 93 | SELECT SECTOR SPDR TR | 81369Y308 | 336,700 | $26.2M | 0.27% |
| 94 | NORTHROP GRUMMAN CORP | NOC | 45,000 | $25.7M | 0.26% |
| 95 | ECOLAB INC | ECL | 97,400 | $25.6M | 0.26% |
| 96 | CANADIAN NAT RES LTD | 136385101 | 747,803 | $25.3M | 0.26% |
| 97 | INTUITIVE SURGICAL INC | ISRG | 44,500 | $25.2M | 0.26% |
| 98 | INVESCO EXCH TRADED FD TR II | IVZ | 1,200,000 | $25.2M | 0.26% |
| 99 | CORTEVA INC | CTVA | 375,908 | $25.2M | 0.26% |
| 100 | BROOKFIELD CORP | 11271J107 | 547,650 | $25.1M | 0.25% |
| 101 | FEDEX CORP | FDX | 85,850 | $24.8M | 0.25% |
| 102 | SELECT SECTOR SPDR TR | 81369Y506 | 553,200 | $24.7M | 0.25% |
| 103 | CVS HEALTH CORP | CVS | 308,143 | $24.5M | 0.25% |
| 104 | COSTCO WHSL CORP NEW | 22160K105 | 28,100 | $24.2M | 0.25% |
| 105 | GOLDMAN SACHS GROUP INC | GSCE | 27,500 | $24.2M | 0.25% |
| 106 | ABBOTT LABS | ABLZF | 190,850 | $23.9M | 0.24% |
| 107 | COREBRIDGE FINL INC | 21871X109 | 783,850 | $23.6M | 0.24% |
| 108 | SIMON PPTY GROUP INC NEW | 828806109 | 127,292 | $23.6M | 0.24% |
| 109 | ALIGN TECHNOLOGY INC | ALGN | 146,643 | $22.9M | 0.23% |
| 110 | MEDTRONIC PLC | MDT | 237,490 | $22.8M | 0.23% |
| 111 | MONDELEZ INTL INC | 609207105 | 421,950 | $22.7M | 0.23% |
| 112 | S&P GLOBAL INC | SPGI | 42,400 | $22.2M | 0.22% |
| 113 | MASTERCARD INCORPORATED | MA | 38,600 | $22.0M | 0.22% |
| 114 | PNC FINL SVCS GROUP INC | 693475105 | 105,050 | $21.9M | 0.22% |
| 115 | BLACKROCK INC | BLK | 19,900 | $21.3M | 0.22% |
| 116 | DISNEY WALT CO | 254687106 | 183,856 | $20.9M | 0.21% |
| 117 | NIKE INC | NKE | 328,100 | $20.9M | 0.21% |
| 118 | SLB LIMITED | SLB | 536,247 | $20.6M | 0.21% |
| 119 | DATADOG INC | DDOG | 150,291 | $20.4M | 0.21% |
| 120 | AMGEN INC | AMGN | 62,300 | $20.4M | 0.21% |
| 121 | UBER TECHNOLOGIES INC | UBER | 237,600 | $19.4M | 0.20% |
| 122 | HYATT HOTELS CORP | H | 120,548 | $19.3M | 0.20% |
| 123 | REGENERON PHARMACEUTICALS | REGN | 24,800 | $19.1M | 0.19% |
| 124 | PROGRESSIVE CORP | 743315103 | 83,750 | $19.1M | 0.19% |
| 125 | TEXAS INSTRS INC | 882508104 | 107,200 | $18.6M | 0.19% |
| 126 | PERFORMANCE FOOD GROUP CO | PFGC | 200,000 | $18.0M | 0.18% |
| 127 | ADOBE INC | ADBE | 48,350 | $16.9M | 0.17% |
| 128 | GALLAGHER ARTHUR J & CO | 363576109 | 64,500 | $16.7M | 0.17% |
| 129 | LOWES COS INC | 548661107 | 67,200 | $16.2M | 0.16% |
| 130 | HONEYWELL INTL INC | 438516106 | 80,450 | $15.7M | 0.16% |
| 131 | US FOODS HLDG CORP | USFD | 206,850 | $15.6M | 0.16% |
| 132 | BOEING CO | BA-PA | 68,500 | $14.9M | 0.15% |
| 133 | MARSH & MCLENNAN COS INC | 571748102 | 76,350 | $14.2M | 0.14% |
| 134 | LENNAR CORP | LEN-B | 136,750 | $14.1M | 0.14% |
| 135 | SYSCO CORP | SYY | 187,150 | $13.8M | 0.14% |
| 136 | MARVELL TECHNOLOGY INC | MRVL | 148,809 | $12.6M | 0.13% |
| 137 | ISHARES TR | 464287556 | 71,000 | $12.0M | 0.12% |
| 138 | AON PLC | AON | 32,700 | $11.5M | 0.12% |
| 139 | WYNDHAM HOTELS & RESORTS INC | WH | 151,650 | $11.5M | 0.12% |
| 140 | OTIS WORLDWIDE CORP | OTIS | 128,800 | $11.3M | 0.11% |
| 141 | PEPSICO INC | PEP | 74,600 | $10.7M | 0.11% |
| 142 | PFIZER INC | PFE | 424,900 | $10.6M | 0.11% |
| 143 | T-MOBILE US INC | TMUSZ | 52,100 | $10.6M | 0.11% |
| 144 | AMERICAN INTL GROUP INC | 026874784 | 121,900 | $10.4M | 0.11% |
| 145 | OREILLY AUTOMOTIVE INC | 67103H107 | 112,500 | $10.3M | 0.10% |
| 146 | STARBUCKS CORP | SBUX | 121,300 | $10.2M | 0.10% |
| 147 | SALESFORCE INC | CRM | 38,300 | $10.1M | 0.10% |
| 148 | BRITISH AMERN TOB PLC | 110448107 | 173,589 | $9.8M | 0.10% |
| 149 | INTERNATIONAL BUSINESS MACHS | INTR | 27,700 | $8.2M | 0.08% |
| 150 | DELTA AIR LINES INC DEL | DAL | 113,400 | $7.9M | 0.08% |
| 151 | ALIBABA GROUP HLDG LTD | BBAAY | 53,446 | $7.8M | 0.08% |
| 152 | BOSTON SCIENTIFIC CORP | BSX | 71,100 | $6.8M | 0.07% |
| 153 | MITSUBISHI UFJ FINL GROUP IN | 606822104 | 394,330 | $6.3M | 0.06% |
| 154 | EDWARDS LIFESCIENCES CORP | EW | 72,150 | $6.2M | 0.06% |
| 155 | HSBC HLDGS PLC | HBCYF | 77,552 | $6.1M | 0.06% |
| 156 | BANCO SANTANDER SA | BCDRF | 515,311 | $6.0M | 0.06% |
| 157 | ISHARES TR | 464288240 | 90,000 | $6.0M | 0.06% |
| 158 | QUALCOMM INC | QCOM | 33,700 | $5.8M | 0.06% |
| 159 | TOYOTA MOTOR CORP | TOYOF | 26,698 | $5.7M | 0.06% |
| 160 | HDFC BANK LTD | HDB | 156,328 | $5.7M | 0.06% |
| 161 | BHP GROUP LTD | BHPLF | 89,252 | $5.4M | 0.05% |
| 162 | ASTRAZENECA PLC | AZN | 57,852 | $5.3M | 0.05% |
| 163 | SHELL PLC | RYDAF | 71,233 | $5.2M | 0.05% |
| 164 | METLIFE INC | MET-PF | 66,150 | $5.2M | 0.05% |
| 165 | NOVARTIS AG | NVSEF | 35,796 | $4.9M | 0.05% |
| 166 | NATIONAL GRID PLC | NMPWP | 60,957 | $4.7M | 0.05% |
| 167 | SAP SE | SAPGF | 19,324 | $4.7M | 0.05% |
| 168 | SONY GROUP CORP | SNEJF | 167,119 | $4.3M | 0.04% |
| 169 | UBS GROUP AG | UBS | 86,545 | $4.0M | 0.04% |
| 170 | GOLD FIELDS LTD | GFIOF | 91,692 | $4.0M | 0.04% |
| 171 | SUMITOMO MITSUI FINL GROUP I | 86562M209 | 188,992 | $3.7M | 0.04% |
| 172 | NOVO-NORDISK A S | NONOF | 59,614 | $3.0M | 0.03% |
| 173 | FOMENTO ECONOMICO MEXICANO S | 344419106 | 29,151 | $2.9M | 0.03% |
| 174 | NU HLDGS LTD | NU | 147,832 | $2.5M | 0.03% |
| 175 | BARRICK MNG CORP | 06849F108 | 51,742 | $2.3M | 0.02% |
| 176 | BLOOM ENERGY CORP | BE | 25,000 | $2.2M | 0.02% |
| 177 | DIAGEO PLC | DGEAF | 24,675 | $2.1M | 0.02% |
| 178 | FUTU HLDGS LTD | FUTU | 11,992 | $2.0M | 0.02% |
| 179 | P T TELEKOMUNIKASI INDONESIA | 715684106 | 87,020 | $1.8M | 0.02% |
| 180 | NEW ORIENTAL ED & TECHNOLOGY | 647581206 | 32,719 | $1.8M | 0.02% |
| 181 | TOTALENERGIES SE | TTE | 24,550 | $1.6M | 0.02% |
| 182 | FRESENIUS MEDICAL CARE AG | FMCQF | 67,196 | $1.6M | 0.02% |
| 183 | ALPHABET INC | GOOG | 5,000 | $1.6M | 0.02% |
| 184 | VANGUARD INTL EQUITY INDEX F | 922042858 | 28,100 | $1.5M | 0.02% |
| 185 | SEA LTD | SE | 11,601 | $1.5M | 0.02% |
| 186 | HUBSPOT INC | HUBS | 3,500 | $1.4M | 0.01% |
| 187 | AEGON LTD | AEFC | 169,398 | $1.3M | 0.01% |
| 188 | MERCADOLIBRE INC | MELI | 639 | $1.3M | 0.01% |
| 189 | TENCENT MUSIC ENTMT GROUP | XHLD | 68,937 | $1.2M | 0.01% |
| 190 | TRIP COM GROUP LTD | TRPCF | 15,496 | $1.1M | 0.01% |
| 191 | BAIDU INC | BAIDF | 7,570 | $989,096 | 0.01% |
| 192 | SMITH & NEPHEW PLC | SNNUF | 27,747 | $910,379 | 0.01% |
| 193 | VANGUARD INTL EQUITY INDEX F | 922042775 | 12,000 | $882,720 | 0.01% |
| 194 | GILEAD SCIENCES INC | GILD | 6,000 | $736,440 | 0.01% |
| 195 | FISERV INC | FISV | 8,800 | $591,096 | 0.01% |
| 196 | MAGNUM ICE CREAM CO NV | MICC | 14,101 | $223,501 | 0.00% |