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FMI
Factory Mutual Insurance Portfolio holdings
AUM
$10.6B
1-Year Est. Return
34.1%
This Fund
S&P 500
This Quarter
Est. Return
+8.72%
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
$10.3B
AUM Growth
+$1.12B
(+12%)
Cap. Flow
+$416M
Cap. Flow
% of AUM
4.06%
Top 10 Holdings %
Top 10 Hldgs %
38.51%
Holding
197
New
35
Increased
25
Reduced
29
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$180M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$149M |
| 3 |
JPMorgan Core Plus Bond ETF
JCPB
|
+$124M |
| 4 |
Dimensional Core Fixed Income ETF
DFCF
|
+$74M |
| 5 |
Dimensional World ex US Core Equity 2 ETF
DFAX
|
+$59.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core MSCI Total International Stock ETF
IXUS
|
+$189M |
| 2 |
HES
Hess
HES
|
+$47.5M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$27.5M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$22.2M |
| 5 |
iShares Russell Mid-Cap ETF
IWR
|
+$20.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26% |
| 2 | Financials | 9.58% |
| 3 | Communication Services | 7.6% |
| 4 | Consumer Discretionary | 7.1% |
| 5 | Healthcare | 6.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Alibaba
BABA
$305B
| $8.53M | 0.08% |
+47,721
| New | +$6.25M |
|
152
IBM
IBM
$213B
| $8.13M | 0.08% |
28,800
| – | – |
|
153
Boston Scientific
BSX
$72B
| $6.94M | 0.07% |
71,100
| – | – |
|
154
Intuitive Surgical
ISRG
$135B
| $6.84M | 0.07% |
15,300
| – | – |
|
155
Delta Air Lines
DAL
$60.2B
| $6.7M | 0.07% |
118,000
| – | – |
|
156
Mitsubishi UFJ Financial
MUFG
$254B
| $6.29M | 0.06% |
+394,330
| New | +$5.84M |
|
157
iShares MSCI ACWI ex US ETF
ACWX
$11.6B
| $5.85M | 0.06% |
90,000
| – | – |
|
158
Edwards Lifesciences
EW
$51.1B
| $5.84M | 0.06% |
75,100
| – | – |
|
159
Qualcomm
QCOM
$159B
| $5.67M | 0.06% |
34,100
| – | – |
|
160
MetLife
MET
$62B
| $5.67M | 0.06% |
68,800
| – | – |
|
161
HSBC
HSBC
$370B
| $5.5M | 0.05% |
+77,552
| New | +$5.04M |
|
162
Banco Santander
SAN
$206B
| $5.4M | 0.05% |
+515,311
| New | +$4.8M |
|
163
HDFC Bank
HDB
$124B
| $5.34M | 0.05% |
+156,328
| New | +$5.76M |
|
164
SAP
SAP
$219B
| $5.16M | 0.05% |
+19,324
| New | +$5.43M |
|
165
Gold Fields
GFI
$30.4B
| $5.12M | 0.05% |
+122,003
| New | +$3.78M |
|
166
Toyota
TM
$220B
| $5.1M | 0.05% |
+26,698
| New | +$5.03M |
|
167
BHP
BHP
$212B
| $4.98M | 0.05% |
+89,252
| New | +$4.75M |
|
168
Sony
SONY
$133B
| $4.81M | 0.05% |
+167,119
| New | +$4.49M |
|
169
Novartis
NVS
$292B
| $4.59M | 0.04% |
+35,796
| New | +$4.37M |
|
170
AstraZeneca
AZN
$245B
| $4.44M | 0.04% |
+28,926
| New | +$4.38M |
|
171
National Grid
NGG
$80.3B
| $4.43M | 0.04% |
+61,832
| New | +$4.34M |
|
172
British American Tobacco
BTI
$128B
| $3.4M | 0.03% |
+64,145
| New | +$3.48M |
|
|
NVO
173
Novo Nordisk
NVO
$208B
| $3.31M | 0.03% |
+59,614
| New | +$3.49M |
|
174
UBS Group
UBS
$173B
| $3.17M | 0.03% |
+77,256
| New | +$3M |
|
175
Sumitomo Mitsui Financial
SMFG
$160B
| $3.16M | 0.03% |
+188,992
| New | +$3.03M |
|
Similar funds
SGA
CG
PF
BMSSC
WAM
HTC
CA
OIA
Factory Mutual Insurance's Q3 2025 Portfolio in Review
As of Q3 2025, Factory Mutual Insurance held 197 positions worth $10.3B, up 12% from $9.15B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Factory Mutual Insurance deployed $416M of net new capital in Q3 2025, opening 35 new positions and adding to 25 existing holdings. Its largest new stake was iShares High Yield Systematic Bond ETF: 1,055,715 shares worth $50.5M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Financials and Communication Services.
On the sell side, the largest reduction was iShares Core MSCI Total International Stock ETF, an estimated $189M trimmed.
- Factory Mutual Insurance's largest Q3 2025 buy was iShares High Yield Systematic Bond ETF: 1,055,715 shares worth $50.5M.
- Factory Mutual Insurance added most to State Street Technology Select Sector SPDR ETF in Q3 2025, an estimated $180M increase.
- Factory Mutual Insurance's biggest Q3 2025 reduction was iShares Core MSCI Total International Stock ETF, cutting an estimated $189M.
- Factory Mutual Insurance fully exited Hess in Q3 2025, selling an estimated $47.5M.
- Factory Mutual Insurance's ten largest holdings make up 39% of its $10.3B portfolio in Q3 2025.
- Factory Mutual Insurance opened 35 new positions and closed 2 in Q3 2025.
- Factory Mutual Insurance's portfolio value rose 12% quarter-over-quarter to $10.3B.
Based on Factory Mutual Insurance's 13F filing for Q3 2025, filed 10 Nov 2025.