Massachusetts Financial Services Portfolio holdings
Massachusetts Financial Services (MFS), founded in 1924 and headquartered in Boston, Massachusetts, is a pioneering investment management firm credited with launching the first U.S. mutual fund, the Massachusetts Investors Trust. Managing hundreds of billions in assets, MFS offers a wide range of actively managed investment products, including equity, fixed-income, and balanced funds, serving institutional investors, financial advisors, and individuals globally. Known for its disciplined, research-driven approach, the firm emphasizes long-term value creation through fundamental analysis and a collaborative team structure, avoiding short-term market trends. With a legacy of innovation and a strong global presence, MFS remains a respected name in the asset management industry, balancing tradition with a focus on sustainable, client-centric investing.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mastercard
MA
|
+$719M |
| 2 |
Broadcom
AVGO
|
+$700M |
| 3 |
Nasdaq
NDAQ
|
+$546M |
| 4 |
Wells Fargo
WFC
|
+$425M |
| 5 |
LPL Financial
LPLA
|
+$324M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$973M |
| 2 |
Visa
V
|
+$930M |
| 3 |
Salesforce
CRM
|
+$567M |
| 4 |
Canadian Pacific Kansas City
CP
|
+$500M |
| 5 |
Eli Lilly
LLY
|
+$480M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.34% |
| 2 | Financials | 20.58% |
| 3 | Industrials | 13.15% |
| 4 | Healthcare | 11.03% |
| 5 | Consumer Discretionary | 7.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.97T
| $15B | 4.75% |
30,098,799
-939,711
| -3% | -$408M |
2013 Q2
48 quarters
|
|
2
NVIDIA
NVDA
$5.54T
| $9.06B | 2.88% |
57,362,545
-987,782
| -2% | -$124M |
2019 Q4
22 quarters
|
|
3
Amazon
AMZN
$2.83T
| $6.66B | 2.11% |
30,370,533
-163,429
| -0.5% | -$32.3M |
2013 Q2
48 quarters
|
|
4
Meta Platforms (Facebook)
META
$1.83T
| $6.63B | 2.11% |
8,988,662
-284,572
| -3% | -$176M |
2013 Q2
48 quarters
|
|
5
Apple
AAPL
$4.91T
| $5.15B | 1.64% |
25,119,076
-847,574
| -3% | -$171M |
2013 Q2
48 quarters
|
|
6
JPMorgan Chase
JPM
$885B
| $5.03B | 1.6% |
17,366,071
-830,999
| -5% | -$212M |
2013 Q2
48 quarters
|
|
|
7
Alphabet (Google) Class A
GOOGL
$4.3T
| $4.62B | 1.47% |
26,220,914
-5,941,337
| -18% | -$973M |
2015 Q4
38 quarters
|
|
8
Cigna
CI
$74.6B
| $3.89B | 1.24% |
11,778,472
+123,479
| +1% | +$39.8M |
2015 Q1
41 quarters
|
|
|
9
Mastercard
MA
$516B
| $3.58B | 1.14% |
6,372,404
+1,299,977
| +26% | +$719M |
2013 Q2
48 quarters
|
|
10
TSMC
TSM
$2.35T
| $3.45B | 1.09% |
15,218,372
-586,327
| -4% | -$109M |
2013 Q2
48 quarters
|
|
11
Progressive
PGR
$126B
| $3.44B | 1.09% |
12,905,421
-577,071
| -4% | -$158M |
2020 Q2
20 quarters
|
|
12
Aon
AON
$58B
| $3.19B | 1.01% |
8,952,011
-880,316
| -9% | -$319M |
2013 Q2
48 quarters
|
|
13
Linde
LIN
$223B
| $3.09B | 0.98% |
6,575,587
-553,125
| -8% | -$252M |
2018 Q4
26 quarters
|
|
|
14
Visa
V
$724B
| $3B | 0.95% |
8,453,073
-2,669,504
| -24% | -$930M |
2013 Q2
48 quarters
|
|
15
McKesson
MCK
$109B
| $2.92B | 0.93% |
3,984,579
-618,954
| -13% | -$437M |
2013 Q2
48 quarters
|
|
16
Eaton
ETN
$167B
| $2.91B | 0.92% |
8,148,284
-161,665
| -2% | -$49.8M |
2013 Q2
48 quarters
|
|
17
Johnson & Johnson
JNJ
$630B
| $2.75B | 0.87% |
18,005,603
-276,807
| -2% | -$42.5M |
2013 Q2
48 quarters
|
|
18
Accenture
ACN
$128B
| $2.69B | 0.85% |
8,998,826
+56,108
| +0.6% | +$17.1M |
2013 Q2
48 quarters
|
|
19
KKR & Co
KKR
$81.6B
| $2.64B | 0.84% |
19,847,217
+765,457
| +4% | +$89.6M |
2021 Q3
15 quarters
|
|
20
Howmet Aerospace
HWM
$89.8B
| $2.62B | 0.83% |
14,064,219
-1,097,332
| -7% | -$169M |
2020 Q4
18 quarters
|
|
21
Spotify
SPOT
$109B
| $2.55B | 0.81% |
3,321,347
-205,641
| -6% | -$132M |
2023 Q2
8 quarters
|
|
|
22
Nasdaq
NDAQ
$52.3B
| $2.44B | 0.77% |
27,274,620
+6,840,735
| +33% | +$546M |
2013 Q2
48 quarters
|
|
23
American Express
AXP
$208B
| $2.35B | 0.75% |
7,360,489
-508,792
| -6% | -$143M |
2013 Q2
48 quarters
|
|
24
RTX Corp
RTX
$251B
| $2.33B | 0.74% |
15,958,191
+1,361,071
| +9% | +$181M |
2013 Q2
48 quarters
|
|
25
UBS Group
UBS
$147B
| $2.16B | 0.69% |
63,935,645
-10,485,383
| -14% | -$324M |
2014 Q4
42 quarters
|
|
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Massachusetts Financial Services's Q2 2025 Portfolio in Review
As of Q2 2025, Massachusetts Financial Services held 943 positions worth $315B, up 4.7% from $301B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Massachusetts Financial Services withdrew a net $10.9B in Q2 2025, closing 59 positions and reducing 423 holdings. Its most notable exit was Dun & Bradstreet, an estimated $308M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 19% a quarter earlier, followed by Financials and Industrials.
Against the trend, Massachusetts Financial Services opened a new position in Curtiss-Wright worth $271M.
- Massachusetts Financial Services's largest Q2 2025 buy was Curtiss-Wright: 554,153 shares worth $271M.
- Massachusetts Financial Services added most to Mastercard in Q2 2025, an estimated $719M increase.
- Massachusetts Financial Services's biggest Q2 2025 reduction was Alphabet (Google) Class A, cutting an estimated $973M.
- Massachusetts Financial Services fully exited Dun & Bradstreet in Q2 2025, selling an estimated $308M.
- Massachusetts Financial Services's ten largest holdings make up 20% of its $315B portfolio in Q2 2025.
- Massachusetts Financial Services opened 63 new positions and closed 59 in Q2 2025.
- Massachusetts Financial Services's portfolio value rose 4.7% quarter-over-quarter to $315B.
Based on Massachusetts Financial Services's 13F filing for Q2 2025, filed 8 Aug 2025.