1y return+11.2%S&P 500 +20.9%
3y return+46.2%S&P 500 +68.5%
5y return+43.2%S&P 500 +74.5%
10y return+183.2%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: $283 against $357 in the S&P 500.2
Massachusetts Financial Services Co /ma/S&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 | $13.7B | 4.3% | −4.2% |
| GOOGLAlphabet Inc | $10.5B | 3.3% | +22.6% |
| AAPLApple Inc | $8.9B | 2.8% | |
| AMZNAmazon Com Inc | $8.8B | 2.8% | +23.6% |
| MSFTMicrosoft Corp | $8.8B | 2.8% | −19.8% |
| AVGOBroadcom Inc | $5.5B | 1.7% | +34.6% |
| TSMTaiwan Semiconductor Manufac | $4.7B | 1.5% | −1.7% |
| KLACKla Corp | $4.5B | 1.4% | +793.5% |
| JPMJpmorgan Chase & Co | $4.0B | 1.3% | −16.3% |
| Linde PLCCUSIP G54950103 | $3.3B | 1.0% | +3.5% |
| Ubs Group AgCUSIP H42097107 | $3.2B | 1.0% | −4.0% |
| CIThe Cigna Group | $2.9B | 0.9% | −9.9% |
| MAMastercard Incorporated | $2.8B | 0.9% | −2.6% |
| JNJJohnson & Johnson | $2.7B | 0.9% | −21.6% |
| Medtronic PLCCUSIP G5960L103 | $2.6B | 0.8% | −7.3% |
| Aon PLCCUSIP G0403H108 | $2.6B | 0.8% | −8.9% |
| VVisa Inc | $2.5B | 0.8% | −10.1% |
| WATWaters Corp | $2.5B | 0.8% | |
| Seagate Technology Hldngs PlCUSIP G7997R103 | $2.5B | 0.8% | |
| BDXBecton Dickinson & Co | $2.5B | 0.8% | −4.9% |
| FNVFranco Nev Corp | $2.4B | 0.8% | |
| TMOThermo Fisher Scientific Inc | $2.3B | 0.7% | −1.6% |
| Willis Towers Watson PLC LtdCUSIP G96629103 | $2.3B | 0.7% | −6.4% |
| RTXRtx Corporation | $2.2B | 0.7% | −17.0% |
| Exxon Mobil CorpCUSIP 30231G102 | $2.2B | 0.7% | −10.8% |
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% | $13.7B |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $5.5B |
| TSMTaiwan Semiconductor Manufac | June 30, 2020 | +741.2% | $4.7B |
| APHAmphenol Corp | June 30, 2020 | +636.1% | $1.9B |
| GEVGe Vernova Inc | June 30, 2024 | +585.0% | $1.8B |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $10.5B |
| MCKMckesson Corp | June 30, 2020 | +392.5% | $1.9B |
| Eaton Corp PLCCUSIP G29183103 | June 30, 2020 | +387.1% | $2.1B |
| MSMorgan Stanley | June 30, 2020 | +332.8% | $1.9B |
| Ubs Group AgCUSIP H42097107 | June 30, 2020 | +329.5% | $3.2B |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $2.5B
- Aptiv PLCCUSIP G3265R115 was $475.7M
- Ascendis Pharma A/sCUSIP 04351P101 was $425.6M
- Masimo CorpCUSIP 574795100 was $416.7M
- Carnival CorpCUSIP 143658300 was $153.1M
- Dupont De Nemours IncCUSIP 26614N102 was $112.9M
- RVTYRevvity Inc was $93.4M
- HIIHuntington Ingalls Inds Inc was $91.9M
- GEHCGe Healthcare Technologies I was $89.8M
- GPKGraphic Packaging Hldg Co was $74.1M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +8.5% | +14.8% |
| March 31, 2026 | −2.9% | −4.6% |
| December 31, 2025 | +0.7% | +2.4% |
| September 30, 2025 | +4.8% | +7.8% |
| June 30, 2025 | +8.5% | +10.5% |
| March 31, 2025 | −2.1% | −4.6% |
| December 31, 2024 | −0.7% | +2.1% |
| September 30, 2024 | +5.8% | +5.4% |
| June 30, 2024 | −0.0% | +4.0% |
| March 31, 2024 | +10.1% | +10.0% |
| December 31, 2023 | +11.3% | +11.2% |
| September 30, 2023 | −3.8% | −3.6% |
| June 30, 2023 | +6.1% | +8.3% |
| March 31, 2023 | +3.4% | +7.0% |
| December 31, 2022 | +10.1% | +7.1% |
| September 30, 2022 | −6.0% | −5.3% |
| June 30, 2022 | −14.2% | −16.5% |
| March 31, 2022 | −6.8% | −4.9% |
| December 31, 2021 | +7.6% | +10.7% |
| September 30, 2021 | +0.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Massachusetts Financial Services Co /ma/ Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=912938&type=13F-HR&dateb=&owner=include&count=40CIK 912938
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/912938/000091293826000775/Filed August 3, 2026 · accession 0000912938-26-000775