Massachusetts Financial Services Company

All holdings · as of Dec 31, 2025

Company	Class	Value ↓	Shares	% of portfolio
MICROSOFT CORP	—	$13.09B	27,071,322	4.2%
NVIDIA Corp	—	$12.52B	67,153,414	4.0%
Alphabet Inc.	—	$7.88B	25,189,635	2.5%
Apple Inc.	—	$7.31B	26,896,166	2.4%
Amazon.com Inc	—	$6.55B	28,384,589	2.1%
JPMORGAN CHASE & CO	—	$5.00B	15,519,405	1.6%
JOHNSON & JOHNSON	—	$3.39B	16,388,566	1.1%
Mastercard Inc	—	$3.35B	5,871,070	1.1%
Cigna Group	—	$3.25B	11,805,083	1.0%
Meta Platforms Inc	—	$3.18B	4,823,902	1.0%
UBS GROUP AG	—	$3.18B	68,622,440	1.0%
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTDTSM	ADR	$3.08B	10,147,238	1.0%
Aon plc	—	$3.02B	8,545,036	1.0%
PROGRESSIVE CORP/OH	—	$2.91B	12,779,665	0.9%
Accenture plc	—	$2.87B	10,693,994	0.9%
MCKESSON CORP	—	$2.83B	3,446,123	0.9%
Broadcom Inc.	—	$2.79B	8,068,226	0.9%
NASDAQ, Inc.	—	$2.68B	27,627,767	0.9%
TotalEnergies SE	—	$2.64B	40,380,511	0.9%
RTX Corp	—	$2.60B	14,162,409	0.8%
FRANCO NEV CORP	—	$2.42B	11,688,537	0.8%
KKR & Co. Inc.	—	$2.38B	18,652,960	0.8%
EXXON MOBIL CORP	—	$2.32B	19,255,555	0.7%
Morgan Stanley	—	$2.21B	12,458,302	0.7%
LINDE PLC	—	$2.18B	5,115,711	0.7%
AMPHENOL CORP /DE	—	$2.15B	15,913,076	0.7%
Chubb Ltd	—	$2.15B	6,886,593	0.7%
AMERICAN EXPRESS CO	—	$2.15B	5,807,459	0.7%
ANALOG DEVICES INC	—	$2.14B	7,894,320	0.7%
KLA CORP	—	$2.11B	1,740,082	0.7%
GENERAL DYNAMICS CORP	—	$2.11B	6,265,295	0.7%
The Boeing Company	—	$2.10B	9,669,304	0.7%
ConocoPhillips	—	$2.09B	22,336,728	0.7%
Medtronic plc	—	$2.01B	20,947,960	0.6%
Howmet Aerospace Inc.	—	$2.01B	9,810,474	0.6%
AGNICO EAGLE MINES LTD	—	$1.98B	11,672,706	0.6%
Willis Towers Watson PLC	—	$1.96B	5,977,816	0.6%
Ryanair Holdings PLC	—	$1.94B	26,929,829	0.6%
Agilent Technologies Inc	—	$1.93B	14,147,601	0.6%
Prologis Inc	—	$1.91B	14,992,070	0.6%
Duke Energy Corp	—	$1.88B	16,044,472	0.6%
PG&E Corp	—	$1.86B	115,610,105	0.6%
Becton Dickinson & Co	—	$1.84B	9,486,694	0.6%
ABBOTT LABORATORIES	—	$1.82B	14,519,346	0.6%
THERMO FISHER SCIENTIFIC INC.	—	$1.79B	3,087,666	0.6%
The PNC Financial Services Group, Inc.	—	$1.78B	8,535,855	0.6%
CITIGROUP INC	—	$1.77B	15,204,930	0.6%
Union Pacific Corp	—	$1.76B	7,605,933	0.6%
Eaton Corp plc	—	$1.75B	5,503,013	0.6%
NXP Semiconductors N.V.	—	$1.70B	7,849,741	0.5%