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
-1.12%
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
$8.62B
AUM Growth
-$628M
(-6.8%)
Cap. Flow
-$371M
Cap. Flow
% of AUM
-4.31%
Top 10 Holdings %
Top 10 Hldgs %
38.11%
Holding
179
New
7
Increased
22
Reduced
31
Closed
12
Avg Time Held
5.6
years
Top 10 Avg Time Held
4.4
years
Top 20 Avg Time Held
3.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Core Plus Bond ETF
JCPB
|
+$100M |
| 2 |
Vanguard FTSE Europe ETF
VGK
|
+$97.4M |
| 3 |
iShares Broad USD High Yield Corporate Bond ETF
USHY
|
+$50.2M |
| 4 |
Dimensional Core Fixed Income ETF
DFCF
|
+$49.3M |
| 5 |
Unilever
UL
|
+$33.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$186M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$85.6M |
| 3 |
iShares World ex U.S. Carbon Transition Readiness Aware Active ETF
LCTD
|
+$50M |
| 4 |
iShares Core US Aggregate Bond ETF
AGG
|
+$49.5M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$41M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 30.6% |
| 2 | Technology | 21.52% |
| 3 | Financials | 9.98% |
| 4 | Healthcare | 8.46% |
| 5 | Communication Services | 7.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
iShares Core MSCI Total International Stock ETF
IXUS
$57.9B
| $598M | 6.94% |
8,566,760
-30,300
| -0.4% | -$2.1M |
2024 Q1
4 quarters
|
|
|
2
iShares Core US Aggregate Bond ETF
AGG
$137B
| $524M | 6.07% |
5,292,657
-506,200
| -9% | -$49.5M |
2023 Q1
8 quarters
|
|
3
Apple
AAPL
$5.01T
| $411M | 4.77% |
1,851,021
-83,500
| -4% | -$19.3M |
2013 Q2
47 quarters
|
|
4
Microsoft
MSFT
$3.96T
| $409M | 4.75% |
1,089,768
-13,400
| -1% | -$5.46M |
2013 Q2
47 quarters
|
|
5
NVIDIA
NVDA
$5.34T
| $316M | 3.67% |
2,919,848
-52,300
| -2% | -$6.63M |
2017 Q3
30 quarters
|
|
6
Alphabet (Google) Class C
GOOG
$4.2T
| $259M | 3.01% |
1,658,121
| – | – |
2016 Q1
36 quarters
|
|
7
Amazon
AMZN
$2.74T
| $255M | 2.96% |
1,342,024
-72,000
| -5% | -$15.6M |
2013 Q2
47 quarters
|
|
8
Meta Platforms (Facebook)
META
$1.88T
| $188M | 2.18% |
325,341
-4,200
| -1% | -$2.71M |
2014 Q1
44 quarters
|
|
9
State Street Utilities Select Sector SPDR ETF
XLU
$24.2B
| $178M | 2.06% |
4,514,600
| – | – |
2020 Q4
17 quarters
|
|
10
Broadcom
AVGO
$1.65T
| $147M | 1.7% |
877,445
-23,700
| -3% | -$5.02M |
2015 Q3
38 quarters
|
|
11
JPMorgan Chase
JPM
$890B
| $139M | 1.61% |
566,725
| – | – |
2013 Q2
47 quarters
|
|
12
Berkshire Hathaway Class B
BRK.B
$1.13T
| $136M | 1.57% |
254,500
| – | – |
2013 Q2
47 quarters
|
|
13
State Street Industrial Select Sector SPDR ETF
XLI
$30.5B
| $121M | 1.4% |
923,500
-185,000
| -17% | -$25M |
2023 Q1
8 quarters
|
|
14
Visa
V
$735B
| $121M | 1.4% |
345,051
| – | – |
2013 Q2
47 quarters
|
|
|
15
Dimensional Core Fixed Income ETF
DFCF
$11.4B
| $118M | 1.36% |
2,793,770
+1,182,000
| +73% | +$49.3M |
2024 Q3
2 quarters
|
|
16
UnitedHealth
UNH
$355B
| $102M | 1.18% |
194,600
+10,000
| +5% | +$5.11M |
2013 Q2
47 quarters
|
|
|
17
JPMorgan Core Plus Bond ETF
JCPB
$15.7B
| $101M | 1.17% |
+2,151,300
| New | +$100M |
2025 Q1
0 quarters
|
|
|
18
Vanguard FTSE Europe ETF
VGK
$29.3B
| $99.2M | 1.15% |
+1,412,500
| New | +$97.4M |
2025 Q1
0 quarters
|
|
19
iShares Russell Mid-Cap ETF
IWR
$55.9B
| $83.3M | 0.97% |
978,700
| – | – |
2021 Q3
14 quarters
|
|
20
Johnson & Johnson
JNJ
$612B
| $82M | 0.95% |
494,560
| – | – |
2013 Q2
47 quarters
|
|
21
ExxonMobil
XOM
$728B
| $81.3M | 0.94% |
683,654
| – | – |
2013 Q2
47 quarters
|
|
22
Dimensional Emerging Core Equity Market ETF
DFAE
$9.75B
| $79.9M | 0.93% |
3,086,900
| – | – |
2024 Q2
3 quarters
|
|
23
Dimensional World ex US Core Equity 2 ETF
DFAX
$12.2B
| $74.9M | 0.87% |
2,860,480
+923,000
| +48% | +$24M |
2024 Q3
2 quarters
|
|
24
Eli Lilly
LLY
$1.08T
| $74.7M | 0.87% |
90,500
| – | – |
2020 Q1
20 quarters
|
|
25
iShares Core MSCI Emerging Markets ETF
IEMG
$155B
| $73.7M | 0.85% |
1,365,000
| – | – |
2024 Q1
4 quarters
|
|
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Factory Mutual Insurance's Q1 2025 Portfolio in Review
As of Q1 2025, Factory Mutual Insurance held 179 positions worth $8.62B, down 6.8% from $9.25B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Factory Mutual Insurance withdrew a net $371M in Q1 2025, closing 12 positions and reducing 31 holdings. Its most notable exit was State Street Technology Select Sector SPDR ETF, an estimated $186M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 31% of assets, down from 31% a quarter earlier, followed by Technology and Financials.
Against the trend, Factory Mutual Insurance opened a new position in JPMorgan Core Plus Bond ETF worth $101M.
- Factory Mutual Insurance's largest Q1 2025 buy was JPMorgan Core Plus Bond ETF: 2,151,300 shares worth $101M.
- Factory Mutual Insurance added most to Dimensional Core Fixed Income ETF in Q1 2025, an estimated $49.3M increase.
- Factory Mutual Insurance's biggest Q1 2025 reduction was iShares Russell 2000 ETF, cutting an estimated $85.6M.
- Factory Mutual Insurance fully exited State Street Technology Select Sector SPDR ETF in Q1 2025, selling an estimated $186M.
- Factory Mutual Insurance's ten largest holdings make up 38% of its $8.62B portfolio in Q1 2025.
- Factory Mutual Insurance opened 7 new positions and closed 12 in Q1 2025.
- Factory Mutual Insurance's portfolio value fell 6.8% quarter-over-quarter to $8.62B.
Based on Factory Mutual Insurance's 13F filing for Q1 2025, filed 17 Apr 2025.