# MASSACHUSETTS FINANCIAL SERVICES CO /MA/

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 912938. Source: https://holderbook.com/funds/912938-massachusetts-financial-services-co-ma/

- Reported value: $315.2B
- Positions: 1,005
- Weight of the ten largest: 23.1%
- Filed: 2026-08-03

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/) | $13.7B | 62,506,436 | 4.3% | 27 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $10.5B | 28,694,648 | 3.3% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $8.9B | 30,364,165 | 2.8% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $8.8B | 32,066,835 | 2.8% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $8.8B | 20,441,967 | 2.8% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $5.5B | 12,084,090 | 1.7% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $4.7B | 9,510,209 | 1.5% | 31 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $4.5B | 14,668,801 | 1.4% | 25 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $4.0B | 12,270,986 | 1.3% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $3.3B | 4,922,872 | 1.0% | 14 |
| UBS GROUP AG | [UBS](https://holderbook.com/stocks/UBS/) | $3.2B | 62,927,553 | 1.0% | 31 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $2.9B | 10,443,691 | 0.9% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $2.8B | 5,375,808 | 0.9% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.7B | 10,539,098 | 0.9% | 31 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $2.6B | 19,872,600 | 0.8% | 31 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $2.6B | 7,615,397 | 0.8% | 25 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.5B | 3,743,063 | 0.8% | 31 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $2.5B | 4,625,035 | 0.8% | 31 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $2.5B | 2,560,276 | 0.8% | 4 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $2.5B | 8,650,967 | 0.8% | 30 |
| FRANCO NEV CORP | [FNV](https://holderbook.com/stocks/FNV/) | $2.4B | 11,045,957 | 0.8% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $2.3B | 2,965,714 | 0.7% | 31 |
| WILLIS TOWERS WATSON PLC LTD | [WTW](https://holderbook.com/stocks/WTW/) | $2.3B | 5,491,383 | 0.7% | 28 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $2.2B | 11,737,526 | 0.7% | 25 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $2.2B | 15,993,858 | 0.7% | 31 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $2.2B | 5,399,929 | 0.7% | 31 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $2.1B | 13,356,306 | 0.7% | 31 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $2.1B | 4,880,412 | 0.7% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.1B | 3,600,708 | 0.7% | 31 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $2.0B | 5,887,366 | 0.6% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $1.9B | 10,522,112 | 0.6% | 31 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $1.9B | 11,922,732 | 0.6% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $1.9B | 9,212,711 | 0.6% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.9B | 1,748,257 | 0.6% | 5 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $1.9B | 17,973,897 | 0.6% | 28 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $1.9B | 2,446,386 | 0.6% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $1.8B | 1,551,035 | 0.6% | 9 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $1.8B | 23,259,539 | 0.6% | 31 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $1.8B | 6,458,702 | 0.6% | 29 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.7B | 6,272,629 | 0.6% | 31 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $1.7B | 9,725,196 | 0.5% | 7 |
| PG&E CORP | [PCG](https://holderbook.com/stocks/PCG/) | $1.7B | 101,483,416 | 0.5% | 25 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $1.7B | 7,663,770 | 0.5% | 25 |
| HUMANA INC | [HUM](https://holderbook.com/stocks/HUM/) | $1.7B | 3,578,245 | 0.5% | 31 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $1.6B | 12,742,489 | 0.5% | 31 |
| RYANAIR HOLDINGS PLC | [RYAAY](https://holderbook.com/stocks/RYAAY/) | $1.6B | 24,062,089 | 0.5% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.6B | 1,356,814 | 0.5% | 23 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $1.6B | 8,573,094 | 0.5% | 31 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $1.5B | 11,217,207 | 0.5% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $1.5B | 4,467,904 | 0.5% | 31 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $1.5B | 10,945,923 | 0.5% | 31 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $1.5B | 11,159,532 | 0.5% | 31 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $1.5B | 24,859,191 | 0.5% | 31 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $1.5B | 6,019,533 | 0.5% | 31 |
| CRH PLC | [CRH](https://holderbook.com/stocks/CRH/) | $1.5B | 13,557,749 | 0.5% | 12 |
| TRANSUNION | [TRU](https://holderbook.com/stocks/TRU/) | $1.5B | 10,667,983 | 0.5% | 31 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $1.5B | 4,140,985 | 0.5% | 18 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.5B | 6,890,252 | 0.5% | 14 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $1.4B | 5,068,155 | 0.4% | 1 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $1.4B | 4,241,289 | 0.4% | 31 |
| RB GLOBAL INC | [RBA](https://holderbook.com/stocks/RBA/) | $1.4B | 11,723,635 | 0.4% | 13 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $1.4B | 4,646,473 | 0.4% | 31 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.4B | 56,551,011 | 0.4% | 31 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $1.4B | 3,713,960 | 0.4% | 31 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $1.4B | 5,005,241 | 0.4% | 1 |
| AGILENT TECHNOLOGIES INC | [A](https://holderbook.com/stocks/A/) | $1.4B | 10,010,867 | 0.4% | 26 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $1.4B | 20,030,451 | 0.4% | 31 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $1.4B | 4,971,798 | 0.4% | 23 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.4B | 2,321,366 | 0.4% | 4 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $1.3B | 13,831,354 | 0.4% | 31 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $1.3B | 16,269,553 | 0.4% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.2B | 13,359,956 | 0.4% | 31 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $1.2B | 7,062,255 | 0.4% | 1 |
| CHECK POINT SOFTWARE TECH LT | [CHKP](https://holderbook.com/stocks/CHKP/) | $1.2B | 8,569,897 | 0.4% | 31 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $1.1B | 5,224,770 | 0.4% | 25 |
| HILTON WORLDWIDE HLDGS INC | [HLT](https://holderbook.com/stocks/HLT/) | $1.1B | 3,356,582 | 0.4% | 19 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.1B | 4,388,338 | 0.4% | 17 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $1.1B | 1,522,200 | 0.4% | 31 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $1.1B | 2,921,983 | 0.4% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.1B | 12,519,204 | 0.3% | 31 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $1.1B | 13,262,862 | 0.3% | 31 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $1.1B | 6,507,415 | 0.3% | 29 |
| VIKING HOLDINGS LTD | [VIK](https://holderbook.com/stocks/VIK/) | $1.0B | 9,691,495 | 0.3% | 9 |
| PACCAR INC | [PCAR](https://holderbook.com/stocks/PCAR/) | $1.0B | 8,486,853 | 0.3% | 21 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.0B | 6,072,686 | 0.3% | 31 |
| NORTHERN TR CORP | [NTRS](https://holderbook.com/stocks/NTRS/) | $1.0B | 5,702,539 | 0.3% | 31 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $990.4M | 2,133,009 | 0.3% | 13 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $977.6M | 10,616,489 | 0.3% | 20 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $920.6M | 2,322,386 | 0.3% | 3 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $919.1M | 954,863 | 0.3% | 7 |
| ARAMARK | [ARMK](https://holderbook.com/stocks/ARMK/) | $903.1M | 15,576,375 | 0.3% | 24 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $894.9M | 8,156,490 | 0.3% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $887.4M | 6,463,867 | 0.3% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $884.4M | 15,187,077 | 0.3% | 31 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $876.7M | 6,651,833 | 0.3% | 24 |
| KENVUE INC | [KVUE](https://holderbook.com/stocks/KVUE/) | $861.9M | 44,715,586 | 0.3% | 13 |
| STERIS PLC | [STE](https://holderbook.com/stocks/STE/) | $850.4M | 3,801,077 | 0.3% | 30 |
| HUBBELL INC | [HUBB](https://holderbook.com/stocks/HUBB/) | $833.4M | 1,546,097 | 0.3% | 15 |
| CREDICORP LTD | [BAP](https://holderbook.com/stocks/BAP/) | $832.4M | 2,126,364 | 0.3% | 31 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $820.5M | 4,248,626 | 0.3% | 13 |

## 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 | +10.0% | +14.8% | -4.9% | 94% |
| Q1 2026 | -2.9% | -4.6% | +1.7% | 100% |
| Q4 2025 | +0.7% | +2.4% | -1.7% | 100% |
| Q3 2025 | +4.8% | +7.8% | -3.0% | 100% |
| Q2 2025 | +8.5% | +10.5% | -2.0% | 100% |
| Q1 2025 | -2.1% | -4.6% | +2.4% | 100% |
| Q4 2024 | -0.7% | +2.1% | -2.8% | 100% |
| Q3 2024 | +6.0% | +5.4% | +0.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $315.2B | 1,005 |
| Q1 2026 | $297.5B | 946 |
| Q4 2025 | $310.1B | 916 |
| Q3 2025 | $322.8B | 856 |
| Q2 2025 | $315.1B | 884 |
| Q1 2025 | $300.8B | 880 |
| Q4 2024 | $316.9B | 874 |
| Q3 2024 | $334.8B | 845 |
| Q2 2024 | $325.3B | 860 |
| Q1 2024 | $334.7B | 839 |
| Q4 2023 | $309.6B | 833 |
| Q3 2023 | $285.6B | 836 |