Style
CoreTurnover
Orientation
Concentrated traderMassachusetts Financial Services employs an active, very low turnover growth strategy, with a portfolio of nearly 4,000 positions totaling $297.5 billion in AUM. The top five holdings—NVIDIA, Microsoft, Apple, Alphabet, and Amazon—represent 14.6% of assets, anchored by a 19.6% allocation to technology and a 15.1% weight in financial services. This concentrated exposure to mega-cap tech leaders, combined with diversification across 15 sectors and over 3,900 names, reflects a conviction-driven approach that balances high-conviction bets with broad market coverage to manage risk. The inclusion of JPMorgan, Johnson & Johnson, and Exxon Mobil further indicates a willingness to hold defensive and cyclical value staples within a core growth framework.
| # | Security | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | Nvidia Corporation(NVDA) | 62,506,436 | $13.7B | 4.33% |
| 2 | Alphabet Inc(GOOGL) | 28,694,648 | $10.5B | 3.34% |
| 3 | Apple Inc(AAPL) | 30,364,165 | $8.9B | 2.83% |
| 4 | Amazon COM Inc(AMZN) | 32,066,835 | $8.8B | 2.81% |
Latest filing, equity positions only
| 5 |
| Microsoft Corp(MSFT) |
| 20,441,967 |
| $8.8B |
| 2.78% |
| 6 | Broadcom Inc(AVGO) | 12,084,090 | $5.5B | 1.73% |
| 7 | Taiwan Semiconductor Manufac(TSM) | 9,510,209 | $4.7B | 1.50% |
| 8 | KLA Corp(KLAC) | 14,668,801 | $4.5B | 1.42% |
| 9 | JPMorgan Chase & Co(JPM) | 12,270,986 | $4.0B | 1.28% |
| 10 | Linde PLC(LIN) | 4,922,872 | $3.3B | 1.03% |
Quarter-over-quarter weight changes
| Sector | Prev % | Curr % | Change |
|---|---|---|---|
| Technology | 20.83% | 23.36% | +2.53% |
| Unclassified | 8.13% | 10.63% | +2.5% |
| Financial Services | 17.02% | 15.15% | -1.87% |
| Industrials | 12.8% | 11.03% | -1.77% |
| Energy | 4.51% | 3.67% | -0.84% |
| Utilities | 5.33% | 4.61% | -0.72% |
| Communication Services | 4.81% | 5.5% | +0.69% |
| Consumer Cyclical | 6.54% | 7.21% | +0.67% |
| Basic Materials | 4.11% | 3.55% | -0.56% |
| Real Estate | 2.52% | 2.24% | -0.28% |
| Healthcare | 10.42% | 10.24% | -0.18% |
| Consumer Defensive | 2.98% | 2.8% | -0.18% |
Quarter-over-quarter weight changes by market cap
| Cap Size | Prev % | Curr % | Change |
|---|---|---|---|
| Large Cap | 56.77% | 51.87% | -4.9% |
| Mega Cap | 30.24% | 32.27% | +2.03% |
| Unclassified | 8.13% | 10.63% | +2.5% |
| Mid Cap | 4.58% | 4.91% | +0.33% |
| Small Cap | 0.27% | 0.31% | +0.04% |
| Micro Cap | 0.01% | 0% | -0.01% |
Quarter-over-quarter position changes