MASSACHUSETTS FINANCIAL SERVICES CO /MA/

CIK 0000912938 · Q1 2026

13F Equity AUM

$297.5B

-4.1% QoQ

Positions

943

+31 QoQ

AUM Rank

#68

Top 0.5%

Skill Alpha (FF)

-0.0%/yr^ns

No Clear Edge

Rank #2,410 · Top 29%

vs S&P -2.3%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 14.7%Top 10: 20.6%Top 20: 29.9%

NVDA3.9%

MSFT3.6%

AAPL2.6%

GOOGL2.3%

AMZN2.2%

JPM1.5%

AVGO1.1%

TSM1.1%

JNJ1.1%

CI1.1%

Others (933)79.4%

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

Sector Allocation

Technology22.3%

Financial Services17.8%

Industrials13.7%

Healthcare11.7%

Consumer Cyclical6.7%

Utilities5.8%

Energy5.2%

Basic Materials5.2%

Other11.8%

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

Position Sizing

Positions: 943Median: 0.02%Avg: 0.11%

0–0.5%

889(47.3%)

0.5–1%

42(30.1%)

1–3%

10(15.1%)

3–5%

2(7.5%)

5%+

0(0.0%)

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

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Portfolio Overlap

Shared: 940Unique: 3vs 20 funds

12.9%Low

943

Fund positions

7,299

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.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

17.8%

BANK OF AMERICA CORP /DE/

19.6%

BlackRock, Inc.

23.4%

JPMORGAN CHASE & CO

18.7%

GEODE CAPITAL MANAGEMENT, LLC

25.2%

STATE STREET CORP

25.2%

VANGUARD CAPITAL MANAGEMENT LLC

25.3%

FMR LLC

29.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

27.8%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New92Increased286Decreased563Exited62

New Positions

APTIV PLC0.2%

+8.0M

CMCSA0.1%

+10.5M

TSN0.1%

+3.6M

RBC0.1%

+307K

TEX0.0%

+1.8M

AMCOR PLC0.0%

+2.8M

WWD0.0%

+328K

JANUS LIVING INC0.0%

+4.4M

EQR0.0%

+1.3M

AIT0.0%

+300K

Increased

GRABW0.0%

+7.7M(+103%)

NEE0.4%

+6.7M(+103%)

TECK/B0.1%

+4.7M(+382%)

GGB0.0%

+3.9M(+293%)

AAPL2.6%

+3.4M(+13%)

VICI0.1%

+2.8M(+46%)

IR0.1%

+2.8M(+172%)

AXTA0.1%

+2.7M(+90%)

BIRK0.0%

+2.2M(+216%)

GILD0.3%

+2.1M(+49%)

Decreased

TTE0.0%

-39,997,642(-99%)

KVUE0.3%

-18,742,394(-27%)

PEO0.0%

-13,125,776(-93%)

CRC0.1%

-9,236,479(-80%)

APTV0.0%

-8,701,056(-91%)

ABEV0.0%

-8,409,950(-24%)

AVTR0.0%

-7,131,662(-99%)

CNR0.3%

-6,834,049(-65%)

PBR0.0%

-6,587,273(-68%)

PCG0.7%

-6,216,269(-5%)

Exited

QIAGEN NV

-24,205,881

-14,739,219

-2,723,434

-993,200

-1,181,795

-1,052,936

-784,835

-14,338,975

-2,905,820

HSY

-705,533

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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