We are live on
!
Find out more
FMI
Factory Mutual Insurance Portfolio holdings
AUM
$10.6B
1-Year Est. Return
34.1%
This Fund
S&P 500
This Quarter
Est. Return
+3.36%
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
$9.86B
AUM Growth
-$405M
(-3.9%)
Cap. Flow
-$625M
Cap. Flow
% of AUM
-6.34%
Top 10 Holdings %
Top 10 Hldgs %
36.45%
Holding
200
New
5
Increased
29
Reduced
109
Closed
4
Avg Time Held
20.5
quarters
Top 10 Avg Time Held
19
quarters
Top 20 Avg Time Held
15.3
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan International Research Enhanced Equity ETF
JIRE
|
+$125M |
| 2 |
iShares High Yield Systematic Bond ETF
HYDB
|
+$50.2M |
| 3 |
iShares Core US Aggregate Bond ETF
AGG
|
+$34.2M |
| 4 |
Vanguard FTSE Europe ETF
VGK
|
+$25.8M |
| 5 |
Advanced Micro Devices
AMD
|
+$25.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core MSCI Total International Stock ETF
IXUS
|
+$358M |
| 2 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$192M |
| 3 |
Vanguard S&P 500 ETF
VOO
|
+$40.6M |
| 4 |
Comcast
CMCSA
|
+$32.9M |
| 5 |
BJs Wholesale Club
BJ
|
+$28.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 27.85% |
| 2 | Technology | 27.05% |
| 3 | Financials | 9.81% |
| 4 | Communication Services | 7.69% |
| 5 | Consumer Discretionary | 7.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
NVIDIA
NVDA
$5.54T
| $545M | 5.53% |
2,922,698
-16,150
| -0.5% | -$3.01M |
2017 Q3
33 quarters
|
|
2
Microsoft
MSFT
$3.97T
| $488M | 4.95% |
1,008,818
-42,150
| -4% | -$21.1M |
2013 Q2
50 quarters
|
|
3
Apple
AAPL
$4.91T
| $470M | 4.76% |
1,727,321
-40,250
| -2% | -$10.8M |
2013 Q2
50 quarters
|
|
4
Alphabet (Google) Class C
GOOG
$4.25T
| $464M | 4.7% |
1,478,271
-74,050
| -5% | -$21.2M |
2016 Q1
39 quarters
|
|
|
5
iShares Core US Aggregate Bond ETF
AGG
$137B
| $409M | 4.15% |
4,096,000
+340,577
| +9% | +$34.2M |
2023 Q1
11 quarters
|
|
6
Amazon
AMZN
$2.83T
| $307M | 3.11% |
1,331,024
-11,000
| -0.8% | -$2.52M |
2013 Q2
50 quarters
|
|
7
JPMorgan Core Plus Bond ETF
JCPB
$15.3B
| $277M | 2.81% |
5,846,314
| – | – |
2025 Q1
3 quarters
|
|
8
Broadcom
AVGO
$1.73T
| $251M | 2.54% |
724,445
-74,000
| -9% | -$26.5M |
2015 Q3
41 quarters
|
|
9
Dimensional Core Fixed Income ETF
DFCF
$11.5B
| $193M | 1.96% |
4,538,370
| – | – |
2024 Q3
5 quarters
|
|
10
Meta Platforms (Facebook)
META
$1.83T
| $192M | 1.95% |
291,441
-5,950
| -2% | -$3.97M |
2014 Q1
47 quarters
|
|
11
State Street Utilities Select Sector SPDR ETF
XLU
$23.1B
| $163M | 1.65% |
3,823,850
-300,650
| -7% | -$13.3M |
2020 Q4
20 quarters
|
|
12
JPMorgan Chase
JPM
$885B
| $159M | 1.61% |
493,775
-47,950
| -9% | -$14.8M |
2013 Q2
50 quarters
|
|
13
Dimensional World ex US Core Equity 2 ETF
DFAX
$12.4B
| $157M | 1.59% |
4,806,630
| – | – |
2024 Q3
5 quarters
|
|
|
14
State Street Technology Select Sector SPDR ETF
XLK
$130B
| $147M | 1.49% |
1,022,030
-1,332,330
| -57% | -$192M |
2025 Q2
2 quarters
|
|
|
15
Vanguard FTSE Europe ETF
VGK
$29.2B
| $145M | 1.47% |
1,729,400
+316,900
| +22% | +$25.8M |
2025 Q1
3 quarters
|
|
16
State Street Industrial Select Sector SPDR ETF
XLI
$30.3B
| $143M | 1.45% |
923,500
| – | – |
2023 Q1
11 quarters
|
|
|
17
iShares Core MSCI Total International Stock ETF
IXUS
$58.7B
| $139M | 1.41% |
1,647,735
-4,275,825
| -72% | -$358M |
2024 Q1
7 quarters
|
|
|
18
JPMorgan International Research Enhanced Equity ETF
JIRE
$10.9B
| $125M | 1.27% |
+1,671,130
| New | +$125M |
2025 Q4
0 quarters
|
|
19
Tesla
TSLA
$1.51T
| $118M | 1.2% |
262,550
-6,850
| -3% | -$3.04M |
2020 Q4
20 quarters
|
|
20
Visa
V
$724B
| $117M | 1.18% |
332,951
-1,850
| -0.6% | -$630K |
2013 Q2
50 quarters
|
|
21
Berkshire Hathaway Class B
BRK.B
$1.1T
| $116M | 1.18% |
231,100
-23,400
| -9% | -$11.6M |
2013 Q2
50 quarters
|
|
22
Dimensional Emerging Core Equity Market ETF
DFAE
$10.1B
| $101M | 1.02% |
3,086,900
| – | – |
2024 Q2
6 quarters
|
|
|
23
iShares High Yield Systematic Bond ETF
HYDB
$1.58B
| $100M | 1.02% |
2,116,815
+1,061,100
| +101% | +$50.2M |
2025 Q3
1 quarter
|
|
24
SPDR Gold Trust
GLD
$142B
| $99.9M | 1.01% |
252,100
| – | – |
2023 Q1
11 quarters
|
|
25
TSMC
TSM
$2.35T
| $96.6M | 0.98% |
317,975
+29,650
| +10% | +$8.7M |
2023 Q3
9 quarters
|
|
Similar funds
HL
VAS
DPIM
CA
SCM
FCM
URS
SIM
Factory Mutual Insurance's Q4 2025 Portfolio in Review
As of Q4 2025, Factory Mutual Insurance held 200 positions worth $9.86B, down 3.9% from $10.3B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Factory Mutual Insurance withdrew a net $625M in Q4 2025, closing 4 positions and reducing 109 holdings. Its most notable exit was Comcast, an estimated $32.9M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 28% of assets, down from 30% a quarter earlier, followed by Technology and Financials.
Against the trend, Factory Mutual Insurance opened a new position in JPMorgan International Research Enhanced Equity ETF worth $125M.
- Factory Mutual Insurance's largest Q4 2025 buy was JPMorgan International Research Enhanced Equity ETF: 1,671,130 shares worth $125M.
- Factory Mutual Insurance added most to iShares High Yield Systematic Bond ETF in Q4 2025, an estimated $50.2M increase.
- Factory Mutual Insurance's biggest Q4 2025 reduction was iShares Core MSCI Total International Stock ETF, cutting an estimated $358M.
- Factory Mutual Insurance fully exited Comcast in Q4 2025, selling an estimated $32.9M.
- Factory Mutual Insurance's ten largest holdings make up 36% of its $9.86B portfolio in Q4 2025.
- Factory Mutual Insurance opened 5 new positions and closed 4 in Q4 2025.
- Factory Mutual Insurance's portfolio value fell 3.9% quarter-over-quarter to $9.86B.
Based on Factory Mutual Insurance's 13F filing for Q4 2025, filed 23 Jan 2026.