1y return+16.7%S&P 500 +20.9%
3y return+56.6%S&P 500 +68.5%
5y return+61.2%S&P 500 +74.5%
10y return+227.0%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $327 against $357 in the S&P 500.2
Factory Mutual Insurance CoS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $566.9M | 5.3% | −2.4% |
| GOOGAlphabet Inc | $528.5M | 5.0% | |
| AAPLApple Inc | $497.3M | 4.7% | +1.1% |
| DFCFDimensional Etf Trust | $426.1M | 4.0% | +122.4% |
| JCPBJ P Morgan Exchange Traded F | $374.7M | 3.5% | +36.6% |
| MSFTMicrosoft Corp | $344.6M | 3.2% | −5.0% |
| AMZNAmazon Com Inc | $329.7M | 3.1% | |
| AGGIshares Tr | $291.1M | 2.7% | +61.3% |
| AVGOBroadcom Inc | $272.2M | 2.6% | −3.9% |
| XLESelect Sector Spdr Tr | $236.4M | 2.2% | +65.9% |
| KLACKla Corp | $179.2M | 1.7% | +827.6% |
| DFAXDimensional Etf Trust | $177.1M | 1.7% | |
| MUMicron Technology Inc | $174.4M | 1.6% | −11.6% |
| JPMJpmorgan Chase & Co | $169.1M | 1.6% | |
| METAMeta Platforms Inc | $160.0M | 1.5% | |
| TSMTaiwan Semiconductor Manufac | $151.2M | 1.4% | −3.6% |
| XLUSelect Sector Spdr Tr | $144.2M | 1.4% | |
| JIREJ P Morgan Exchange Traded F | $137.9M | 1.3% | |
| VVisa Inc | $128.1M | 1.2% | +4.5% |
| AMDAdvanced Micro Devices Inc | $122.9M | 1.2% | +31.4% |
| BRK/BBerkshire Hathaway Inc Del | $117.8M | 1.1% | |
| TSLATesla Inc | $112.5M | 1.1% | |
| Asml Hldg NvCUSIP N07059210 | $112.4M | 1.1% | −1.3% |
| UNHUnitedhealth Group Inc | $109.0M | 1.0% | |
| CDNSCadence Design System Inc | $101.1M | 1.0% | −7.6% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $566.9M |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $272.2M |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $68.2M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $97.2M |
| AMDAdvanced Micro Devices Inc | September 30, 2023 | +465.0% | $122.9M |
| TSMTaiwan Semiconductor Manufac | September 30, 2023 | +449.6% | $151.2M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $528.5M |
| MSMorgan Stanley | June 30, 2020 | +332.8% | $66.0M |
| APHAmphenol Corp | December 31, 2023 | +255.7% | $72.2M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $169.1M |
Sold off last quarter
- VGKVanguard Intl Equity Index F was $92.1M
- VPLVanguard Intl Equity Index F was $34.2M
- Honeywell Intl IncCUSIP 438516106 was $18.6M
- FUTUFutu Hldgs Ltd was $1.1M
- TMETencent Music Entmt Group was $320K
- ADBEAdobe Inc was $316K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +9.8% | +14.8% |
| March 31, 2026 | −3.5% | −4.6% |
| December 31, 2025 | +2.3% | +2.4% |
| September 30, 2025 | +7.7% | +7.8% |
| June 30, 2025 | +10.0% | +10.5% |
| March 31, 2025 | −3.2% | −4.6% |
| December 31, 2024 | +0.3% | +2.1% |
| September 30, 2024 | +5.4% | +5.4% |
| June 30, 2024 | +3.0% | +4.0% |
| March 31, 2024 | +8.9% | +10.0% |
| December 31, 2023 | +10.6% | +11.2% |
| September 30, 2023 | −4.1% | −3.6% |
| June 30, 2023 | +8.5% | +8.3% |
| March 31, 2023 | +7.5% | +7.0% |
| December 31, 2022 | +8.1% | +7.1% |
| September 30, 2022 | −5.5% | −5.3% |
| June 30, 2022 | −16.2% | −16.5% |
| March 31, 2022 | −4.1% | −4.9% |
| December 31, 2021 | +8.8% | +10.7% |
| September 30, 2021 | −1.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Factory Mutual Insurance Co Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=887818&type=13F-HR&dateb=&owner=include&count=40CIK 887818
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/887818/000088781826000003/Filed July 21, 2026 · accession 0000887818-26-000003