MASSACHUSETTS FINANCIAL SERVICES CO /MA/

CIK 0000912938 · Q2 2026

13F Equity AUM

$315.2B

+5.9% QoQ

Positions

1,003

+60 QoQ

AUM Rank

#44

Top 0.5%

Skill Alpha (FF)

+0.5%/yr^ns

No Clear Edge

Rank #2,231 · Top 27%

vs S&P -0.2%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 16.1%Top 10: 23.1%Top 20: 31.6%

NVDA4.3%

GOOGL3.3%

AAPL2.8%

AMZN2.8%

MSFT2.8%

AVGO1.7%

TSM1.5%

KLAC1.4%

JPM1.3%

LIN1.0%

Others (993)76.9%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology25.1%

Financial Services16.3%

Industrials11.9%

Healthcare11.2%

Consumer Cyclical7.7%

Communication Services5.7%

Utilities5.2%

Basic Materials4.6%

Other12.3%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 1003Median: 0.01%Avg: 0.10%

0–0.5%

956(51.9%)

0.5–1%

36(24.0%)

1–3%

9(16.4%)

3–5%

2(7.7%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 1,003vs 20 funds

0%Low

1,003

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New129Increased371Decreased502Exited70

New Positions

HONEYWELL INTL INC0.5%

+5.1M

HONEYWELL AEROSPACE …0.4%

+5.0M

SPACE EXPLORATION TE…0.4%

+7.1M

ASCENDIS PHARMA A/S0.2%

+1.9M

RVMD0.1%

+2.0M

WMB0.1%

+4.7M

HPE0.1%

+4.7M

IDXX0.1%

+337K

INNIO NV0.1%

+5.0M

CRS0.1%

+258K

Increased

BSX0.5%

+13.9M(+126%)

KLAC1.4%

+13.0M(+794%)

MDLN0.3%

+8.3M(+72%)

APTV0.1%

+6.6M(+785%)

AMZN2.8%

+6.1M(+24%)

BAC0.3%

+5.4M(+54%)

GOOGL3.3%

+5.3M(+23%)

BKR0.1%

+5.0M(+225%)

AVGO1.7%

+3.1M(+35%)

DOC0.0%

+2.9M(+214%)

Decreased

BBD0.0%

-27,203,200(-45%)

ABEV0.0%

-15,754,667(-60%)

PCG0.5%

-7,910,420(-7%)

ACN0.1%

-6,776,149(-69%)

D0.4%

-6,590,991(-25%)

NDAQ0.6%

-5,800,900(-20%)

MSFT2.8%

-5,032,014(-20%)

KVUE0.3%

-5,028,398(-10%)

PGR0.5%

-4,435,885(-37%)

NWL0.0%

-3,772,088(-19%)

Exited

HON

-8,707,049

APTIV PLC

-7,985,744

ASND

-1,860,669

3M4

-2,342,790

CCL

-5,916,649

-2,465,947

-241,938

-1,065,520

-1,260,998

-3,077,153

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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