FACTORY MUTUAL INSURANCE CO
InsuranceFiling Date
Global Rank
#422
/ 8,232
▲ 27
Top Industry
Semiconductors
16.3%
3Y Alpha vs SPY
-2.9%
Period ended 2 months ago
Filed May 5, 2026 · 40d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+63.9%
SPY
+76.3%
Annualised alpha
-2.9%
Max drawdown
−18.6%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
171 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
7.8%
−0.3 pts
Top 5
27.9%
−2.6 pts
Top 10
38.0%
−2.9 pts
HHI
232
Diversified−30
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 38.3% | $2,492,229,366 |
| Financial Services | 13.2% | $857,158,468 |
| Consumer Cyclical | 10.4% | $673,637,173 |
| Healthcare | 9.9% | $645,227,050 |
| Industrials | 8.5% | $550,433,380 |
| Consumer Defensive | 6.2% | $405,839,938 |
| Communication Services | 4.2% | $272,024,766 |
| Energy | 4.2% | $271,507,375 |
| Basic Materials | 1.9% | $120,717,757 |
| Real Estate | 1.6% | $101,036,750 |
| Unclassified | 1.1% | $72,994,905 |
| Utilities | 0.6% | $35,922,118 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| PFGC | Performance Food Group Co | +371,450 | 571,450 | $48,950,407 | |
| CRBG | Corebridge Financial, Inc. | +169,550 | 953,400 | $22,748,124 | |
| DDOG | Datadog, Inc. | +140,200 | 290,491 | $34,292,462 | |
| SLB | Slb Limited/Nv | +132,600 | 668,847 | $34,372,047 | |
| ALGN | Align Technology Inc | +82,050 | 228,693 | $39,204,840 | |
| CDNS | Cadence Design Systems Inc | +71,350 | 291,771 | $81,074,407 | |
| LVS | Las Vegas Sands Corp | +65,150 | 491,400 | $26,476,632 | |
| DXCM | Dexcom Inc | +49,800 | 539,930 | $33,907,604 | |
| AMZN | Amazon Com Inc | +43,200 | 1,374,224 | $286,209,632 | |
| VLTO | Veralto Corp | +41,750 | 314,366 | $27,796,241 | |
| SMFG | Sumitomo Mitsui Financial Group, Inc. | +41,440 | 230,432 | $4,551,032 | |
| SYY | Sysco Corp | +40,850 | 228,000 | $16,263,240 | |
| INTU | Intuit Inc. | +38,250 | 92,150 | $39,843,817 | |
| APH | Amphenol Corp /De/ | +36,400 | 420,434 | $53,121,835 | |
| AVGO | Broadcom Inc. | +25,650 | 750,095 | $232,161,903 | |
| JPM | Jpmorgan Chase & Co | +25,450 | 519,225 | $152,735,226 | |
| CNQ | Canadian Natural Resources Ltd | +25,200 | 773,003 | $37,668,436 | |
| V | Visa Inc. | +24,350 | 357,301 | $107,990,654 | |
| ISRG | Intuitive Surgical Inc | +23,600 | 68,100 | $31,393,419 | |
| UNH | Unitedhealth Group Inc | +22,550 | 263,250 | $71,232,817 | |
| KKR | KKR & Co. Inc. | +21,700 | 399,000 | $36,907,500 | |
| MU | Micron Technology Inc | +18,500 | 170,845 | $57,718,274 | |
| KO | Coca Cola Co | +18,450 | 726,400 | $55,242,720 | |
| XOM | Exxon Mobil Corp | +17,650 | 680,654 | $115,479,757 | |
| PFE | Pfizer Inc | +17,500 | 442,400 | $12,422,592 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| WFC | Wells Fargo & Company/Mn | −213,180 | 476,184 | $37,909,008 | |
| AEG | Aegon Ltd. | −110,000 | 59,398 | $431,229 | |
| HDB | Hdfc Bank Ltd | −86,409 | 69,919 | $1,739,584 | |
| GLD | Spdr Gold Trust | −83,600 | 168,500 | $72,503,865 | |
| NOW | ServiceNow, Inc. | −77,050 | 392,800 | $41,067,240 | |
| BN | BROOKFIELD Corp /ON/ | −67,450 | 480,200 | $19,433,694 | |
| CVS | CVS HEALTH Corp | −65,400 | 242,743 | $17,433,802 | |
| JNJ | Johnson & Johnson | −60,050 | 318,210 | $77,783,252 | |
| SONY | Sony Group Corp | −59,685 | 107,434 | $2,223,883 | |
| WELL | Welltower Inc. | −53,700 | 191,900 | $37,940,549 | |
| UBS | UBS Group AG | −50,000 | 36,545 | $1,427,813 | |
| ADBE | Adobe Inc. | −47,050 | 1,300 | $316,004 | |
| GFI | Gold Fields Ltd | −42,790 | 48,902 | $2,220,150 | |
| MSFT | Microsoft Corp | −36,250 | 972,568 | $360,015,496 | |
| CRM | Salesforce, Inc. | −35,000 | 3,300 | $616,011 | |
| CB | Chubb Ltd | −34,800 | 81,700 | $26,628,481 | |
| TME | Tencent Music Entertainment Group | −34,469 | 34,468 | $319,863 | |
| AAPL | Apple Inc. | −26,550 | 1,700,771 | $431,638,672 | |
| PLTR | Palantir Technologies Inc. | −26,500 | 249,857 | $36,549,081 | |
| AMD | Advanced Micro Devices Inc | −25,900 | 161,072 | $32,766,876 | |
| APO | Apollo Global Management, Inc. | −23,650 | 173,750 | $19,359,225 | |
| MRVL | Marvell Technology, Inc. | −22,000 | 126,809 | $12,560,431 | |
| NVDA | Nvidia Corp | −20,150 | 2,902,548 | $506,204,371 | |
| NXPI | NXP Semiconductors N.V. | −19,950 | 113,100 | $22,264,866 | |
| ORCL | Oracle Corp | −19,500 | 170,856 | $25,134,626 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
12 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CRWD | CrowdStrike Holdings, Inc. | 93,550 | $36,522,855 | |
| DTE | Dte Energy Co | 91,800 | $13,422,996 | |
| PPL | PPL Corp | 346,000 | $13,217,200 | |
| LRCX | Lam Research Corp | 59,400 | $12,691,404 | |
| FN | Fabrinet | 23,550 | $12,281,796 | |
| INTC | Intel Corp | 120,000 | $5,295,600 | |
| VST | Vistra Corp. | 34,300 | $5,156,319 | |
| GSK | GSK plc | 70,151 | $3,871,633 | |
| MFG | Mizuho Financial Group Inc | 273,441 | $2,171,121 | |
| HLN | Haleon plc | 196,537 | $1,967,335 | |
| BBD | Bank Bradesco | 341,958 | $1,248,146 | |
| PAAS | Pan American Silver Corp | 14,237 | $777,767 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
7 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| UL | Unilever PLC | 457,195 | $29,900,553 | |
| USFD | US Foods Holding Corp. | 206,850 | $15,579,942 | |
| QCOM | Qualcomm Inc/De | 33,700 | $5,764,385 | |
| DEO | Diageo PLC | 24,675 | $2,128,712 | |
| FMS | Fresenius Medical Care AG | 67,196 | $1,600,608 | |
| TCOM | Trip.com Group Ltd | 15,496 | $1,114,317 | |
| MICC | Magnum Ice Cream Co N.V. | 14,101 | $223,500 | |
| No positions match the current search. | ||||
12 positions ·
$405,839,938 total
· Consumer Defensive only
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| WMT |
Walmart Inc.
Consumer Defensive
|
Reduced | 608,176 | $75,584,113 | 18.62% | |
| PM |
Philip Morris International Inc.
Consumer Defensive
|
Added | 430,606 | $71,196,396 | 17.54% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Added | 397,537 | $57,420,244 | 14.15% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Added | 726,400 | $55,242,720 | 13.61% | |
| PFGC |
Performance Food Group Co
Consumer Defensive
|
Added | 571,450 | $48,950,407 | 12.06% | |
| COST |
Costco Wholesale Corp /New
Consumer Defensive
|
Added | 29,200 | $29,095,756 | 7.17% | |
| MDLZ |
Mondelez International, Inc.
Consumer Defensive
|
Added | 427,500 | $24,641,100 | 6.07% | |
| SYY |
Sysco Corp
Consumer Defensive
|
Added | 228,000 | $16,263,240 | 4.01% | |
| PEP |
Pepsico Inc
Consumer Defensive
|
Added | 77,000 | $11,957,330 | 2.95% | |
| BTI |
British American Tobacco p.l.c.
Consumer Defensive
|
Added | 177,839 | $10,398,246 | 2.56% | |
| FMX |
Mexican Economic Development Inc
Consumer Defensive
|
Held | 29,151 | $3,237,510 | 0.80% | |
| EDU |
New Oriental Education & Technology Group Inc.
Consumer Defensive
|
Held | 32,719 | $1,852,876 | 0.46% |