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Factory Mutual Insurance Co

13F for the quarter to June 30, 2026, filed July 21, 2026 · SEC CIK 887818

Reported value
$10.6bn
67% in companies we cover
Positions we cover
160
Largest NVDA 5.3%
Copy, a year
+15.1%
S&P 500 +13.8%
Copy Sharpe ratio
0.83
S&P 500 0.77

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $64.3k$55.9k
CopyS&P 500 $10,000 copying Factory Mutual Insurance Co's filed holdings in companies we cover from July 26, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −30.8% (S&P 500 −31.8%); beta 1.00; alpha +1.1% a year (t = 2.06); last 12 months +11.3% against +12.1%.

Reported value by quarter

Factory Mutual Insurance Co: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $2T $4T $6T $8T Reported value, 2013-06-30: $6.1B Reported value, 2013-09-30: $6.3B Reported value, 2013-12-31: $6.8B Reported value, 2014-03-31: $6.9B Reported value, 2014-06-30: $7.3B Reported value, 2014-09-30: $7.2B Reported value, 2014-12-31: $7.4B Reported value, 2015-03-31: $7.6B Reported value, 2015-06-30: $7.7B Reported value, 2015-09-30: $7.3B Reported value, 2015-12-31: $7.4B Reported value, 2016-03-31: $7.7B Reported value, 2016-06-30: $7.6B Reported value, 2016-09-30: $8.1B Reported value, 2016-12-31: $8.4B Reported value, 2017-03-31: $8.4B Reported value, 2017-06-30: $8.6B Reported value, 2017-09-30: $9.1B Reported value, 2017-12-31: $9.6B Reported value, 2018-03-31: $9.1B Reported value, 2018-06-30: $9.3B Reported value, 2018-09-30: $9.6B Reported value, 2018-12-31: $7.8B Reported value, 2019-03-31: $8.5B Reported value, 2019-06-30: $8.4B Reported value, 2019-09-30: $6.5B Reported value, 2019-12-31: $6.8B Reported value, 2020-03-31: $5.3B Reported value, 2020-06-30: $5.8B Reported value, 2020-09-30: $6.2B Reported value, 2020-12-31: $7.4B Reported value, 2021-03-31: $7.8B Reported value, 2021-06-30: $8.2B Reported value, 2021-09-30: $8B Reported value, 2021-12-31: $6.9B Reported value, 2022-03-31: $7.4B Reported value, 2022-06-30: $6.1B Reported value, 2022-09-30: $6.1B Reported value, 2022-12-31: $6.6T Reported value, 2023-03-31: $6.4B Reported value, 2023-06-30: $6.8B Reported value, 2023-09-30: $7.2B Reported value, 2023-12-31: $8.1B Reported value, 2024-03-31: $8.7B Reported value, 2024-06-30: $8.8B Reported value, 2024-09-30: $9.7B Reported value, 2024-12-31: $9.2B Reported value, 2025-03-31: $8.6B Reported value, 2025-06-30: $9.1B Reported value, 2025-09-30: $10.3B Reported value, 2025-12-31: $9.9B Reported value, 2026-03-31: $8.9B Reported value, 2026-06-30: $10.6B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $10.6B
View chart data
Period Reported value
2013-06-30 $6.1B
2013-09-30 $6.3B
2013-12-31 $6.8B
2014-03-31 $6.9B
2014-06-30 $7.3B
2014-09-30 $7.2B
2014-12-31 $7.4B
2015-03-31 $7.6B
2015-06-30 $7.7B
2015-09-30 $7.3B
2015-12-31 $7.4B
2016-03-31 $7.7B
2016-06-30 $7.6B
2016-09-30 $8.1B
2016-12-31 $8.4B
2017-03-31 $8.4B
2017-06-30 $8.6B
2017-09-30 $9.1B
2017-12-31 $9.6B
2018-03-31 $9.1B
2018-06-30 $9.3B
2018-09-30 $9.6B
2018-12-31 $7.8B
2019-03-31 $8.5B
2019-06-30 $8.4B
2019-09-30 $6.5B
2019-12-31 $6.8B
2020-03-31 $5.3B
2020-06-30 $5.8B
2020-09-30 $6.2B
2020-12-31 $7.4B
2021-03-31 $7.8B
2021-06-30 $8.2B
2021-09-30 $8B
2021-12-31 $6.9B
2022-03-31 $7.4B
2022-06-30 $6.1B
2022-09-30 $6.1B
2022-12-31 $6.6T
2023-03-31 $6.4B
2023-06-30 $6.8B
2023-09-30 $7.2B
2023-12-31 $8.1B
2024-03-31 $8.7B
2024-06-30 $8.8B
2024-09-30 $9.7B
2024-12-31 $9.2B
2025-03-31 $8.6B
2025-06-30 $9.1B
2025-09-30 $10.3B
2025-12-31 $9.9B
2026-03-31 $8.9B
2026-06-30 $10.6B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
NVDANVIDIA Corporation5.33%$566.9m2.83M−2.4% Reduced
AAPLApple Inc.4.67%$497.3m1.72M+1.1% Added
MSFTMicrosoft Corporation3.24%$344.6m923.8K−5.0% Reduced
AMZNAmazon3.10%$329.7m1.38M+0.7% Added
AVGOBroadcom2.56%$272.2m720.5K−3.9% Reduced
KLACKLA Corporation1.68%$179.2m593.9K+827.6% Added
MUMicron Technology1.64%$174.4m151.1K−11.6% Reduced
JPMJPMorgan Chase1.59%$169.1m516.6K−0.5% Reduced
METAMeta Platforms1.50%$160.0m284.0K−0.6% Reduced
TSMTaiwan Semiconductor Manufacturing Co LTD1.42%$151.2m316.7K−3.6% Reduced
VVisa Inc.1.21%$128.1m373.5K+4.5% Added
AMDAdvanced Micro Devices1.16%$122.9m211.6K+31.4% Added
TSLATesla, Inc.1.06%$112.5m267.6K−0.7% Reduced
ASMLAsml Holding NV1.06%$112.4m56.5K−1.3% Reduced
UNHUnitedHealth Group1.02%$109.0m262.1K−0.4%
CDNSCadence Design Systems Inc0.95%$101.1m269.5K−7.6% Reduced
LLYLilly (Eli)0.91%$97.2m81.0K−0.2%
APHAmphenol0.68%$72.2m409.6K−2.6% Reduced
JNJJohnson & Johnson0.67%$71.5m281.4K−11.6% Reduced
PMPhilip Morris International0.67%$71.3m394.3K−8.4% Reduced
AMEAmetek0.64%$68.2m282.0K+29.8% Added
CATCaterpillar Inc.0.64%$68.2m64.0K−0.2%
MSMorgan Stanley0.62%$66.0m315.6K−4.1% Reduced
ETNEaton Corporation0.61%$64.7m151.9K+8.4% Added
PFGCPerformance Food Group Co0.60%$63.9m571.5K0.0%
CRWDCrowdStrike0.59%$62.8m82.3K−12.0% Reduced
WMTWalmart0.59%$62.5m552.1K−9.2% Reduced
MRVLMarvell Technology0.55%$58.7m197.2K+55.5% Added
KOThe Coca-Cola Company0.55%$58.6m721.4K−0.7% Reduced
DDOGDatadog, Inc.0.55%$58.5m224.8K−22.6% Reduced
PGProcter & Gamble0.54%$57.9m394.8K−0.7% Reduced
UNPUnion Pacific Corporation0.53%$56.4m207.2K−0.9% Reduced
ANETArista Networks0.52%$55.1m324.3K−2.9% Reduced
ISRGIntuitive Surgical0.50%$52.8m132.8K+95.0% Added
DEDeere & Company0.50%$52.7m83.1K+41.1% Added
DHRDanaher Corporation0.49%$51.7m271.4K+25.2% Added
GEGE Aerospace0.46%$49.4m132.2K−0.8% Reduced
MPWRMonolithic Power Systems, Inc.0.46%$49.0m35.5K−11.3% Reduced
HDThe Home Depot0.46%$48.5m137.5K−0.7% Reduced
SYYSysco0.44%$47.0m562.1K+146.6% Added
ABBVAbbVie0.44%$46.9m186.3K−0.2%
LINLinde plc0.43%$45.7m88.1K−13.2% Reduced
WELLWelltower0.41%$43.1m190.1K−1.0% Reduced
LRCXLam Research0.38%$40.5m93.5K+57.5% Added
CVXChevron Corporation0.37%$39.5m238.2K−34.4% Reduced
HUBBHubbell Incorporated0.37%$39.5m75.5K+5.4% Added
WFCWells Fargo0.37%$39.0m471.6K−1.0% Reduced
NOWServiceNow0.36%$38.7m389.4K−0.9% Reduced
TJXTJX Companies0.36%$38.5m254.3K−0.4%
SLBSchlumberger0.35%$37.3m801.6K+19.9% Added
TMOThermo Fisher Scientific0.35%$37.2m74.2K+8.6% Added
AMTAmerican Tower0.35%$37.0m226.2K−0.7% Reduced
MCDMcDonald's0.34%$36.4m134.8K−1.0% Reduced
DXCMDexcom0.34%$36.2m537.8K−0.4%
MRKMerck & Co.0.34%$36.0m280.0K−0.4%
ALGNAlign Technology0.33%$35.6m210.9K−7.8% Reduced
VZVerizon0.33%$35.4m835.6K−0.6% Reduced
RTXRTX Corporation0.33%$35.3m186.1K−16.1% Reduced
KKRKKR & Co.0.32%$33.9m368.9K−7.5% Reduced
GEVGE Vernova0.32%$33.7m28.7K0.0%
AXPAmerican Express0.32%$33.6m99.5K−1.0% Reduced
CRBGCorebridge Financial, Inc.0.32%$33.5m1.17M+22.6% Added
TXNTexas Instruments0.30%$32.4m108.7K−0.5% Reduced
BACBank of America0.28%$30.4m532.9K−0.4%
GSGoldman Sachs0.27%$28.6m28.3K−1.0% Reduced
SPGSimon Property Group0.27%$28.5m127.5K0.0%
ECLEcolab0.26%$27.9m100.3K−1.1% Reduced
PLTRPalantir Technologies Inc.0.26%$27.9m239.5K−4.2% Reduced
VLTOVeralto0.26%$27.7m312.3K−0.7% Reduced
CBChubb Limited0.26%$27.5m80.7K−1.2% Reduced
COSTCostco0.25%$27.0m28.9K−1.0% Reduced
CTVACorteva, Inc.0.25%$26.5m313.0K−17.7% Reduced
PNCPNC Financial Services0.25%$26.2m106.5K−0.5%
LHXL3Harris0.24%$25.7m88.5K−23.0% Reduced
CVSCVS Health0.23%$24.9m241.1K−0.7% Reduced
MDLZMondelez International0.23%$24.6m426.0K−0.4%
MDTMedtronic0.23%$24.5m313.5K+27.6% Added
NFLXNetflix0.23%$24.2m339.6K−0.7% Reduced
CNQCanadian Natural Resources Ltd0.23%$24.1m610.4K−21.0% Reduced
IDXXIdexx Laboratories0.23%$24.1m45.7K−0.2%
HHyatt Hotels Corp0.22%$23.4m120.5K0.0%
AMGNAmgen0.22%$23.2m64.2K−1.0% Reduced
ULUnilever PLC0.21%$22.6m375.5KNew
LVSLas Vegas Sands0.21%$22.5m487.8K−0.7% Reduced
INTCIntel0.21%$22.3m160.0K+33.3% Added
BKNGBooking Holdings0.21%$22.1m123.9K+2400.0% Added
SNDKSandisk0.21%$21.9m9.7KNew
NOCNorthrop Grumman0.21%$21.9m43.0K−7.0% Reduced
AJGArthur J. Gallagher & Co.0.20%$21.4m93.3K+44.6% Added
APOApollo Global Management0.19%$20.5m173.2K−0.3%
MAMastercard0.19%$20.4m39.7K−1.0% Reduced
INTUIntuit0.19%$20.0m76.6K−16.9% Reduced
ORCLOracle Corporation0.19%$19.9m135.6K−20.6% Reduced
BLKBlackRock0.18%$19.7m20.5K−1.0% Reduced
PGRProgressive Corporation0.18%$18.8m86.2K−1.0% Reduced
DISThe Walt Disney Company0.17%$18.0m187.5K−0.7% Reduced
ABTAbbott Laboratories0.17%$17.8m196.3K−1.0% Reduced
SPGIS&P Global0.17%$17.8m43.6K−1.0% Reduced
UBERUber0.17%$17.7m244.6K−1.1% Reduced
FDXFedEx0.16%$17.4m55.5K−35.9% Reduced
FNFabrinet0.16%$16.6m29.6K+25.5% Added
ACNAccenture0.15%$16.0m128.3K−36.7% Reduced
REGNRegeneron Pharmaceuticals0.15%$15.8m25.4K−0.8% Reduced
BABoeing0.14%$15.2m70.4K−1.0% Reduced
LOWLowe's0.14%$15.0m68.3K−0.5% Reduced
ADIAnalog Devices0.14%$14.5m36.5KNew
DTEDTE Energy0.13%$14.0m91.8K0.0%
BTIBritish American Tobacco P.l.c.0.13%$13.9m224.8K+26.4% Added
NKENike, Inc.0.13%$13.7m333.4K−0.6% Reduced
MRSHMarsh McLennan0.12%$13.1m78.6K−1.0% Reduced
WHWyndham Hotels & Resorts, Inc.0.12%$13.0m153.9K−0.5% Reduced
PPLPPL Corporation0.12%$12.6m346.0K0.0%
LENLennar0.12%$12.6m138.8K−0.5% Reduced
SBUXStarbucks0.12%$12.4m121.3K0.0%
AONAon plc0.10%$11.2m33.6K−1.0% Reduced
DALDelta Air Lines0.10%$10.9m116.8K−1.1% Reduced
PFEPfizer0.10%$10.5m437.6K−1.1% Reduced
ORLYO'Reilly Automotive0.10%$10.4m112.5K0.0%
PEPPepsiCo0.10%$10.3m76.3K−0.8% Reduced
AIGAmerican International Group0.09%$9.4m125.5K−1.0% Reduced
OTISOtis Worldwide0.09%$9.3m130.3K−0.4%
HONHoneywell Technologies0.09%$9.2m41.0KNew
HONAHoneywell Aerospace0.09%$9.1m41.0KNew
TMUST-Mobile US0.08%$8.8m52.8K−0.4%
NXPINXP Semiconductors0.08%$8.1m28.6K−74.7% Reduced
IBMIBM0.07%$8.0m28.5K−1.0% Reduced
WDCWestern Digital0.07%$7.7m12.1KNew
BHPBHP Group Ltd0.07%$7.4m89.3K0.0%
HSBCHsbc Holdings PLC0.07%$7.4m77.6K0.0%
BEBloom Energy0.06%$6.8m22.5K0.0%
EWEdwards Lifesciences0.06%$6.7m74.3K−1.1% Reduced
METMetLife0.05%$5.8m68.1K−1.0% Reduced
SHELShell plc0.05%$5.5m71.2K0.0%
BABAAlibaba Group Holding Ltd0.05%$5.5m57.1K+9.0% Added
VSTVistra Corp.0.05%$5.4m34.3K0.0%
TMToyota Motor Corp/0.04%$4.5m26.7K0.0%
FDXFFedEx Freight0.04%$4.2m27.8KNew
ARMARM Holdings PLC0.04%$3.9m11.1KNew
GSKGSK plc0.04%$3.7m70.2K0.0%
BSXBoston Scientific0.03%$3.6m84.6K0.0%
SAPSAP SE0.03%$3.0m19.3K0.0%
UBSUBS Group AG0.03%$2.9m57.9K+58.4% Added
NVONovo Nordisk A S0.03%$2.6m55.0K0.0%
NUNu Holdings Ltd.0.02%$2.0m147.8K0.0%
BBarrick Mining Corp0.02%$1.9m51.7K0.0%
HLNHaleon plc0.02%$1.8m196.5K0.0%
HDBHdfc Bank LTD0.02%$1.8m69.9K0.0%
GOOGLAlphabet Inc. (Class A)0.02%$1.8m5.0K0.0%
GFIGold Fields LTD0.01%$1.6m48.9K0.0%
EDUNew Oriental Education & Technology Group Inc.0.01%$1.5m32.7K0.0%
CompanyBought (value)Shares
KLACKLA Corporation$159.9m529.9K
AMDAdvanced Micro Devices$29.3m50.5K
SYYSysco$27.9m334.1K
ISRGIntuitive Surgical$25.7m64.7K
ULUnilever PLC$22.6m375.5K
SNDKSandisk$21.9m9.7K
BKNGBooking Holdings$21.2m118.9K
MRVLMarvell Technology$21.0m70.4K
AMEAmetek$15.7m64.7K
DEDeere & Company$15.4m24.2K
LRCXLam Research$14.8m34.1K
ADIAnalog Devices$14.5m36.5K
DHRDanaher Corporation$10.4m54.6K
HONHoneywell Technologies$9.2m41.0K
HONAHoneywell Aerospace$9.1m41.0K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
NXPINXP Semiconductors−$23.7m−84.5K
MUMicron Technology−$22.8m−19.8K
CVXChevron Corporation−$20.7m−125.0K
MSFTMicrosoft Corporation−$18.2m−48.8K
DDOGDatadog, Inc.−$17.1m−65.7K
NVDANVIDIA Corporation−$13.9m−69.5K
AVGOBroadcom−$11.2m−29.6K
FDXFedEx−$9.7m−31.1K
JNJJohnson & Johnson−$9.3m−36.8K
ACNAccenture−$9.2m−74.3K
CRWDCrowdStrike−$8.6m−11.3K
CDNSCadence Design Systems Inc−$8.4m−22.3K
LHXL3Harris−$7.7m−26.4K
LINLinde plc−$7.0m−13.4K
RTXRTX Corporation−$6.8m−35.8K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
FUTUFutu Holdings Ltd$1.1m8.0K
TMETencent Music Entertainment Group$319,86334.5K
ADBEAdobe Inc.$316,0041.3K
  • Technology44.5%
  • Financials11.1%
  • Health Care10.3%
  • Consumer Discretionary10.1%
  • Industrials9.0%
  • Consumer Staples6.4%
  • Communication Services3.5%
  • Materials1.6%
  • Energy1.5%
  • Real Estate1.5%
  • Utilities0.4%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestJuly 26, 2013 to November 2, 2026+15.1%+13.8%0.830.77−30.8%1.00
2018 onwardsJanuary 5, 2018 to November 2, 2026+15.2%+13.9%0.720.66−30.8%0.99
Last three yearsNovember 3, 2023 to November 2, 2026+22.1%+21.8%1.131.16−17.9%1.04
Last yearNovember 7, 2025 to November 2, 2026+13.3%+14.2%0.750.84−9.6%1.02

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.