FMI
Factory Mutual Insurance Portfolio holdings
AUM
$10.6B
Turnover
9.05%
1-Year Est. Return
34.1%
This Fund
S&P 500
This Quarter
Est. Return
+20.96%
1 Year Est. Return
+34.1%
3 Year Est. Return
+103.46%
5 Year Est. Return
+134.35%
10 Year Est. Return
+476.92%
AUM
$10.6B
AUM Growth
+$1.75B
(+20%)
Cap. Flow
+$600M
Cap. Flow
% of AUM
5.64%
Top 10 Holdings %
Top 10 Hldgs %
36.35%
Holding
210
New
14
Increased
29
Reduced
107
Closed
5
Avg Time Held
5.2
years
Top 10 Avg Time Held
5.2
years
Top 20 Avg Time Held
4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dimensional Core Fixed Income ETF
DFCF
|
+$235M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$111M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$101M |
| 4 |
JPMorgan Core Plus Bond ETF
JCPB
|
+$100M |
| 5 |
Vanguard S&P 500 ETF
VOO
|
+$96.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Europe ETF
VGK
|
+$92.1M |
| 2 |
Dimensional Emerging Core Equity Market ETF
DFAE
|
+$83.6M |
| 3 |
Vanguard FTSE Pacific ETF
VPL
|
+$34.2M |
| 4 |
ExxonMobil
XOM
|
+$28.8M |
| 5 |
NXP Semiconductors
NXPI
|
+$23.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.1% |
| 2 | Miscellaneous | 25.56% |
| 3 | Financials | 8.94% |
| 4 | Communication Services | 7.31% |
| 5 | Healthcare | 6.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
26
Vanguard S&P 500 ETF
VOO
$1.04T
| $99.6M | 0.94% |
+145,000
| New | +$96.7M |
2026 Q2
0 quarters
|
|
27
iShares High Yield Systematic Bond ETF
HYDB
$1.55B
| $99M | 0.93% |
2,116,815
| – | – |
2025 Q3
3 quarters
|
|
28
Eli Lilly
LLY
$1.08T
| $97.2M | 0.91% |
81,000
-150
| -0.2% | -$153K |
2020 Q1
25 quarters
|
|
29
Invesco S&P 500 Equal Weight ETF
RSP
$96.9B
| $95.3M | 0.9% |
+448,071
| New | +$91.7M |
2026 Q2
0 quarters
|
|
30
iShares Russell Mid-Cap ETF
IWR
$55.9B
| $83.7M | 0.79% |
758,700
| – | – |
2021 Q3
19 quarters
|
|
31
Amphenol
APH
$204B
| $72.2M | 0.68% |
819,268
-21,600
| -3% | -$1.56M |
2023 Q4
10 quarters
|
|
32
Johnson & Johnson
JNJ
$612B
| $71.5M | 0.67% |
281,410
-36,800
| -12% | -$8.58M |
2013 Q2
52 quarters
|
|
33
Philip Morris
PM
$320B
| $71.3M | 0.67% |
394,256
-36,350
| -8% | -$6.3M |
2013 Q2
52 quarters
|
|
34
Ametek
AME
$56.6B
| $68.2M | 0.64% |
282,000
+64,700
| +30% | +$14.9M |
2023 Q1
13 quarters
|
|
35
Caterpillar
CAT
$344B
| $68.2M | 0.64% |
64,000
-100
| -0.2% | -$87.8K |
2013 Q2
52 quarters
|
|
|
36
ExxonMobil
XOM
$728B
| $66.7M | 0.63% |
488,054
-192,600
| -28% | -$28.8M |
2013 Q2
52 quarters
|
|
37
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.9B
| $66.6M | 0.63% |
568,000
| – | – |
2021 Q2
20 quarters
|
|
38
Morgan Stanley
MS
$285B
| $66M | 0.62% |
315,620
-13,430
| -4% | -$2.66M |
2013 Q2
52 quarters
|
|
39
Eaton
ETN
$159B
| $64.7M | 0.61% |
151,919
+11,800
| +8% | +$4.76M |
2023 Q3
11 quarters
|
|
40
Performance Food Group
PFGC
$14.9B
| $63.9M | 0.6% |
571,450
| – | – |
2025 Q3
3 quarters
|
|
41
CrowdStrike
CRWD
$255B
| $62.8M | 0.59% |
329,200
-45,000
| -12% | -$6.39M |
2026 Q1
1 quarter
|
|
42
Walmart Inc
WMT
$922B
| $62.5M | 0.59% |
552,126
-56,050
| -9% | -$6.96M |
2013 Q2
52 quarters
|
|
43
SPDR Gold Trust
GLD
$139B
| $62.1M | 0.58% |
168,500
| – | – |
2023 Q1
13 quarters
|
|
44
State Street Industrial Select Sector SPDR ETF
XLI
$30.5B
| $61.6M | 0.58% |
332,380
-110,843
| -25% | -$19.3M |
2023 Q1
13 quarters
|
|
45
Marvell Technology
MRVL
$220B
| $58.7M | 0.55% |
197,209
+70,400
| +56% | +$14.1M |
2023 Q3
11 quarters
|
|
46
Coca-Cola
KO
$395B
| $58.6M | 0.55% |
721,350
-5,050
| -0.7% | -$399K |
2013 Q2
52 quarters
|
|
47
Datadog
DDOG
$96.7B
| $58.5M | 0.55% |
224,791
-65,700
| -23% | -$12.2M |
2023 Q3
11 quarters
|
|
48
Procter & Gamble
PG
$364B
| $57.9M | 0.54% |
394,787
-2,750
| -0.7% | -$400K |
2013 Q2
52 quarters
|
|
49
Union Pacific
UNP
$170B
| $56.4M | 0.53% |
207,200
-1,950
| -0.9% | -$512K |
2015 Q2
44 quarters
|
|
50
Arista Networks
ANET
$246B
| $55.1M | 0.52% |
324,320
-9,700
| -3% | -$1.52M |
2024 Q2
8 quarters
|
|
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Factory Mutual Insurance's Q2 2026 Portfolio in Review
As of Q2 2026, Factory Mutual Insurance held 210 positions worth $10.6B, up 20% from $8.89B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Factory Mutual Insurance deployed $600M of net new capital in Q2 2026, opening 14 new positions and adding to 29 existing holdings. Its largest new stake was Vanguard S&P 500 ETF: 145,000 shares worth $99.6M.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 28% a quarter earlier, followed by Miscellaneous and Financials.
On the sell side, the largest reduction was Dimensional Emerging Core Equity Market ETF, an estimated $83.6M trimmed.
- Factory Mutual Insurance's largest Q2 2026 buy was Vanguard S&P 500 ETF: 145,000 shares worth $99.6M.
- Factory Mutual Insurance added most to Dimensional Core Fixed Income ETF in Q2 2026, an estimated $235M increase.
- Factory Mutual Insurance's biggest Q2 2026 reduction was Dimensional Emerging Core Equity Market ETF, cutting an estimated $83.6M.
- Factory Mutual Insurance fully exited Vanguard FTSE Europe ETF in Q2 2026, selling an estimated $92.1M.
- Factory Mutual Insurance's ten largest holdings make up 36% of its $10.6B portfolio in Q2 2026.
- Factory Mutual Insurance opened 14 new positions and closed 5 in Q2 2026.
- Factory Mutual Insurance's portfolio value rose 20% quarter-over-quarter to $10.6B.
Based on Factory Mutual Insurance's 13F filing for Q2 2026, filed 21 Jul 2026.