Jeremy Grantham of GMO, LLC is probably the best investment strategist of our time. He correctly predicted the investment returns of the past decade, the 2008 financial crisis. On March 9, 2009 he wrote an article titled “Reinvest when Terrified”, which coincide with the market bottom. To him, the fair value of S&P500 is around 850, therefore the market is overvalued, and we will experience another decade of lean years. He thinks that high quality US stocks will do well, may out perform the market by 6-7% a year. These are his buys during the 4th quarter of 2009.
GMO LLC. Jeremy Grantham owns 836 stocks with a total value of $30.1 billion. These are the details of the buys and sells.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Jeremy Grantham
GMO LLC. Jeremy Grantham owns 836 stocks with a total value of $30.1 billion. These are the details of the buys and sells.
- New Purchases: A, AA, ABV, ACI, AEA, AIZ.AX, ALB, ANAT, ANN, ARE, ASR, ATPG, ATW, BEAV, BIOS, BSBR, BTM, BTM-C, BZ, CCI, CE, CHK, CIG, CIT, CJR, CLI, CNO, CPL, CPT, CRS, CSX, CTCM, CTV, CVE, CVI, CX, CXW, CYH, DFS, DRQ, EBR, EBR-B, ELP, ENI, ETN, FLO, FMX, GTE, GYMB, HAL, HAR, HGSI, HNI, HOT, HSIC, HSP, HUB-B, IDXX, ISRG, IYR, JNS, JOYG, JWN, KTC, LRCX, LSTZA, MCRS, MJN, MOLX, MOS, MSTR, MTD, MXB, NE, NHP, NIHD, NOV, O, OMG, PKG, PLCM, PLX, PZE, QLGC, QTM, RDC, RRI, SBS, SCI, SCS, SD, SID, SIRO, SIVB, SKYW, SLB, SMRT, SPW, STLD, TCO, THO, TIE, TIF, TSCO, TSP, TTEC, TUP, TYC, URI, USEG, USM, VALE.P, VTR, WLL, WLT, ZNT,
- Added Positions: AAPL, AAV, ACM, ADBE, ADI, AES, AET, AFL, AGN, AHL, AKAM, AKO-A, ALV, AMP, AMX, APD, ARO, ASBC, ASH, ATI, AXP, AZO, BAX, BBD, BEC, BEN, BG, BGC, BLK, BRCD, BSX, BVN, BXS, CAG, CAKE, CAM, CAR, CAT, CBG, CBS, CCE, CHKP, CI, CMC, CMI, CMS, COF, COLM, COST, CPBY, CREE, CRM, CTSH, CVS, CYT, DE, DGX, DISH, DLM, DNDN, DWA, ECA, EDD, EEM, EGN, EMN, ENDP, EQIX, ERJ, ESRX, EXPE, F, FCS, FCX, FDS, FDX, FIS, FLS, FO, FOSL, FRO, FTI, GCA, GDI, GE, GES, GFIG, GGB, GIL, GILD, GLBL, GLW, GMCR, GPRO, GPS, GR, GS, HLF, HLX, HMA, HNT, HNZ, HOLI, HPQ, HUM, HUN, IAG, IBM, IGT, INTC, IP, IR, IRM, ITUB, IVZ, JCG, JCI, JCP, JLL, JNJ, JNY, JPM, KBR, KCI, KLAC, KMX, LCAPA, LH, LIFE, LINTA, LM, LMT, LSI, LZ, MA, MAN, MCD, MD, MDP, MEOH, MET, MFC, MIR, MLM, MOT, MRK, MRVL, MTB, MTW, MU, MW, MWV, NEU, NFX, NKE, NOC, NOVL, NST, NTAP, NTY, NU, NUS, NWSA, OII, OIS, ONNN, ORCL, OSG, OSK, PBI, PBR, PBR-A, PCLN, PCS, PCU, PDCO, PENN, PFE, PG, PHH, PKX, PL, PMCS, PRA, PRU, PXD, Q, QCOM, RAH, RCI, RHT, RRD, RS, RSX, RTN, RY, SBUX, SHLD, SLAB, SLT, SPN, STEC, STT, SWY, SYK, SYY, TCB, TCK, TD, TDC, TDG, TDW, TECD, TEX, THS, TIBX, TIN, TKR, TLAB, TLM, TMO, TMX, TNE, TRH, TRN, TROW, TRP, TWX, TXN, TXT, UNT, URBN, V, VALE-P, VCI, VIA-B, VIP, VMED, VMW, WAG, WBD, WBS, WDC, WFMI, WL, WMT, WNR, WTW, WYN, X, XRX, XTO, YHOO, ZMH,
- Reduced Positions: ABX, ACF, AEM, AKO-B, ALTR, AMT, AON, APOL, ARW, AVT, AXE, AXS, BAC, BBBY, BBT, BLL, BNS, BR, CB, CBSH, CCU, CECO, CFN, CHD, CLX, CM, CMA, CMCSA, CNQ, CPB, CR, CTL, CVD, CVG, CY, DELL, DF, DHR, DLTR, DNR, EAT, EGO, ENB, ENH, ENR, EQR, ESI, EW, FAST, FDO, FISV, FNF, FPL, FSLR, FTR, GAS, GG, GLD, GWW, HCN, HD, HMSY, HSY, IBN, INFY, ITW, JOSB, KFS, KR, KRC, KSS, LANC, LFL, LII, LNCR, LOW, LRY, MAS, MHK, MHP, MHS, MKC, MON, MTL, MUR, MYGN, NAL, NFLX, NVR, NYX, OCR, ORI, PALM, PBCT, PCG, PETM, PGN, PGR, PPG, PRSP, PTEN, PVD, PWRD, PX, RCL, RDY, RL, ROST, RSH, SAN, SCHW, SHW, SJM, SJR, SLV, SMG, SNDA, SO, SPLS, SRE, STI, STRA, SU, SY, SYMC, TGT, THI, TRI, TRV, TRW, TWC, UNH, UPS, VMC, VRTX, WFC, WSM, WU, XEC, XEL,
- Sold Out: ADS, AIZ, AJG, AMR, ATVI, AUY, BC, BJ, BKE, BMS, C, CACI, CFR, CHA, CHE, CHH, COMS, CPWR, CSGS, CSL, CVC, DBD, DCI, DD, DRE, DRIV, EBS, EFA, ELNK, EST, ESV, FII, FL, FNFG, FTO, GENZ, GHL, GVA, HCBK, HDB, HOC, HRB, IACI, IBOC, IRC, JBLU, JCOM, JKHY, JW-A, KGC, LEG, LPNT, MATW, MCO, MCY, MFA, MMC, MTZ, NTRS, NVE, NVLS, OTEX, PAG, PNY, PTV, QSII, RBC, REG, RF, SAY, SFD, SLM, STZ, TEG, TFX, THG, TLT, TNB, TOL, TSO, TSYS, TTC, TTM, UMBF, VALE, VLY, VRX, VSH, WIN, WM, YTEC,
This is the sector weightings of his portfolio:
| Technology | 24.6% |
| Health Care | 22.8% |
| Consumer Goods | 15.8% |
| Consumer Services | 11.1% |
| Oil & Gas | 8.8% |
| Financials | 5.9% |
| Industrials | 3.8% |
| Telecommunications | 2.9% |
| Basic Materials | 1.6% |
| Utilities | 0.6% |
These are the top 5 holdings of Jeremy Grantham
- Johnson & Johnson (JNJ) - 25,835,685 shares, 5.52% of the total portfolio
- Microsoft Corp. (MSFT) - 52,120,871 shares, 5.27% of the total portfolio
- Oracle Corp. (ORCL) - 62,059,737 shares, 5.05% of the total portfolio
- WalMart Stores Inc. (WMT) - 27,512,308 shares, 4.88% of the total portfolio
- Pfizer Inc (PFE) - 73,677,015 shares, 4.45% of the total portfolio
