# FACTORY MUTUAL INSURANCE CO

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 887818. Source: https://holderbook.com/funds/887818-factory-mutual-insurance-co/

- Reported value: $10.6B
- Positions: 205
- Weight of the ten largest: 36.4%
- Filed: 2026-07-21

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $566.9M | 2,833,098 | 5.3% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $528.5M | 1,495,671 | 5.0% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $497.3M | 1,718,721 | 4.7% | 31 |
| DIMENSIONAL ETF TRUST | [DFCF](https://holderbook.com/stocks/DFCF/) | $426.1M | 10,093,835 | 4.0% | 8 |
| J P MORGAN EXCHANGE TRADED F | [JCPB](https://holderbook.com/stocks/JCPB/) | $374.7M | 7,983,314 | 3.5% | 6 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $344.6M | 923,818 | 3.2% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $329.7M | 1,383,424 | 3.1% | 31 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $291.1M | 2,940,924 | 2.7% | 14 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $272.2M | 720,520 | 2.6% | 31 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $236.4M | 4,450,445 | 2.2% | 16 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $179.2M | 593,895 | 1.7% | 19 |
| DIMENSIONAL ETF TRUST | [DFAX](https://holderbook.com/stocks/DFAX/) | $177.1M | 4,806,630 | 1.7% | 8 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $174.4M | 151,095 | 1.6% | 9 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $169.1M | 516,575 | 1.6% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $160.0M | 283,991 | 1.5% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $151.2M | 316,675 | 1.4% | 12 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $144.2M | 3,181,400 | 1.4% | 23 |
| J P MORGAN EXCHANGE TRADED F | [JIRE](https://holderbook.com/stocks/JIRE/) | $137.9M | 1,671,130 | 1.3% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $128.1M | 373,516 | 1.2% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $122.9M | 211,572 | 1.2% | 12 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $117.8M | 235,400 | 1.1% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $112.5M | 267,550 | 1.1% | 23 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $112.4M | 56,491 | 1.1% | 10 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $109.0M | 262,150 | 1.0% | 31 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $101.1M | 269,471 | 1.0% | 17 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $99.6M | 145,000 | 0.9% | 1 |
| ISHARES TR | [HYDB](https://holderbook.com/stocks/HYDB/) | $99.0M | 2,116,815 | 0.9% | 4 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $97.2M | 81,000 | 0.9% | 26 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $95.3M | 448,071 | 0.9% | 1 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $83.7M | 758,700 | 0.8% | 20 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $72.2M | 409,634 | 0.7% | 11 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $71.5M | 281,410 | 0.7% | 31 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $71.3M | 394,256 | 0.7% | 31 |
| AMETEK INC | [AME](https://holderbook.com/stocks/AME/) | $68.2M | 282,000 | 0.6% | 14 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $68.2M | 64,000 | 0.6% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $66.7M | 488,054 | 0.6% | 31 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $66.6M | 568,000 | 0.6% | 21 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $66.0M | 315,620 | 0.6% | 31 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $64.7M | 151,919 | 0.6% | 12 |
| PERFORMANCE FOOD GROUP CO | [PFGC](https://holderbook.com/stocks/PFGC/) | $63.9M | 571,450 | 0.6% | 4 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $62.8M | 82,300 | 0.6% | 2 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $62.5M | 552,126 | 0.6% | 31 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $62.1M | 168,500 | 0.6% | 14 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $61.6M | 332,380 | 0.6% | 14 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $58.7M | 197,209 | 0.6% | 12 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $58.6M | 721,350 | 0.6% | 31 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $58.5M | 224,791 | 0.6% | 12 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $57.9M | 394,787 | 0.5% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $56.4M | 207,200 | 0.5% | 31 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $55.1M | 324,320 | 0.5% | 7 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $52.8M | 132,825 | 0.5% | 19 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $52.7M | 83,110 | 0.5% | 31 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $51.7M | 271,400 | 0.5% | 13 |
| ISHARES TR | [USHY](https://holderbook.com/stocks/USHY/) | $50.2M | 1,355,000 | 0.5% | 6 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $50.0M | 524,000 | 0.5% | 1 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $49.4M | 132,217 | 0.5% | 20 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $49.0M | 35,457 | 0.5% | 12 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $48.5M | 137,500 | 0.5% | 31 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $47.9M | 943,000 | 0.5% | 1 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $47.0M | 562,135 | 0.4% | 6 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $46.9M | 186,250 | 0.4% | 30 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $45.7M | 88,100 | 0.4% | 12 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $43.1M | 190,050 | 0.4% | 31 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $41.3M | 137,580 | 0.4% | 8 |
| ISHARES TR | [FXI](https://holderbook.com/stocks/FXI/) | $41.3M | 1,306,200 | 0.4% | 1 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $40.5M | 93,550 | 0.4% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $39.5M | 238,167 | 0.4% | 31 |
| HUBBELL INC | [HUBB](https://holderbook.com/stocks/HUBB/) | $39.5M | 75,450 | 0.4% | 8 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $39.0M | 471,634 | 0.4% | 31 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $38.7M | 389,450 | 0.4% | 15 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $38.5M | 254,300 | 0.4% | 31 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $37.3M | 801,647 | 0.4% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $37.2M | 74,185 | 0.3% | 31 |
| DIMENSIONAL ETF TRUST | [DFAE](https://holderbook.com/stocks/DFAE/) | $37.2M | 924,700 | 0.3% | 9 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $37.0M | 226,150 | 0.3% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $36.4M | 134,800 | 0.3% | 31 |
| DEXCOM INC | [DXCM](https://holderbook.com/stocks/DXCM/) | $36.2M | 537,830 | 0.3% | 22 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $36.0M | 280,024 | 0.3% | 31 |
| ALIGN TECHNOLOGY INC | [ALGN](https://holderbook.com/stocks/ALGN/) | $35.6M | 210,923 | 0.3% | 19 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $35.4M | 835,566 | 0.3% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $35.3M | 186,065 | 0.3% | 25 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $33.9M | 368,925 | 0.3% | 11 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $33.7M | 28,665 | 0.3% | 9 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $33.6M | 99,450 | 0.3% | 27 |
| COREBRIDGE FINL INC | [CRBG](https://holderbook.com/stocks/CRBG/) | $33.5M | 1,168,750 | 0.3% | 12 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $32.4M | 108,650 | 0.3% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $30.4M | 532,930 | 0.3% | 31 |
| SELECT SECTOR SPDR TR | [XLRE](https://holderbook.com/stocks/XLRE/) | $29.0M | 659,000 | 0.3% | 11 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $28.6M | 28,300 | 0.3% | 8 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $28.5M | 127,542 | 0.3% | 31 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $27.9M | 100,300 | 0.3% | 31 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $27.9M | 239,457 | 0.3% | 12 |
| VERALTO CORP | [VLTO](https://holderbook.com/stocks/VLTO/) | $27.7M | 312,316 | 0.3% | 11 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $27.5M | 80,700 | 0.3% | 10 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $27.0M | 28,900 | 0.3% | 31 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $26.5M | 313,008 | 0.2% | 29 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $26.2M | 106,500 | 0.2% | 31 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $25.7M | 88,500 | 0.2% | 10 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $24.9M | 241,093 | 0.2% | 31 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $24.6M | 426,000 | 0.2% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +12.9% | +14.8% | -2.0% | 100% |
| Q1 2026 | -3.5% | -4.6% | +1.1% | 100% |
| Q4 2025 | +2.4% | +2.4% | +0.0% | 100% |
| Q3 2025 | +7.7% | +7.8% | -0.1% | 100% |
| Q2 2025 | +10.0% | +10.5% | -0.4% | 100% |
| Q1 2025 | -3.2% | -4.6% | +1.4% | 100% |
| Q4 2024 | +0.3% | +2.1% | -1.8% | 100% |
| Q3 2024 | +5.4% | +5.4% | -0.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $10.6B | 205 |
| Q1 2026 | $8.9B | 196 |
| Q4 2025 | $9.9B | 196 |
| Q3 2025 | $10.3B | 195 |
| Q2 2025 | $9.1B | 162 |
| Q1 2025 | $8.6B | 167 |
| Q4 2024 | $9.2B | 172 |
| Q3 2024 | $9.7B | 173 |
| Q2 2024 | $8.8B | 170 |
| Q1 2024 | $8.7B | 169 |
| Q4 2023 | $8.1B | 162 |
| Q3 2023 | $7.2B | 156 |