Top Holdings by value as of 2025-09-30:

1. ISHARES TR - $1.1B (11%)
2. SELECT SECTOR SPDR TR - $860.0M (8%)
3. NVIDIA CORPORATION - $548.3M (5%)
4. MICROSOFT CORP - $544.3M (5%)
5. APPLE INC - $450.1M (4%)

When compared to holdings as of 2025-06-30:

New Positions:

• AEGON LTD
• ALIBABA GROUP HLDG LTD
• ASTRAZENECA PLC
• BANCO SANTANDER S.A.
• BARRICK MNG CORP
• ... and 30 more

Closed Positions:

• HESS CORP
• SPDR S&P 500 ETF TR

Increase Position by 25% or more:

• ACCENTURE PLC IRELAND
• CHEVRON CORP NEW
• DIMENSIONAL ETF TRUST - CORE FIXED INCOM
• DIMENSIONAL ETF TRUST - WORLD EX US CORE
• FISERV INC
• ... and 8 more

Reduce Position by 25% or more:

• IDEXX LABS INC
• ISHARES TR - CORE MSCI TOTAL
• ISHARES TR - RUSSELL 2000 ETF
• T-MOBILE US INC
• WARNER BROS DISCOVERY INC

Factory Mutual Insurance Co is headquartered in Waltham, MA.

Source