Grantham, Mayo, Van Otterloo & Co.’s latest 13F filing with the Securities and Exchange Commission indicates that the company purchased 104 new stocks during the first quarter and sold out of 79 stocks. It also increased its holdings in 292 companies and reduced its holdings in 183 stocks.
GMO’s Top Holdings
As of the end of the first quarter of the year, the firm’s top five holdings included Johnson & Johnson (NYSE:JNJ), which made up 5.2 percent of its portfolio and Google Inc (NASDAQ:GOOG), which made up 4.55 percent of its portfolio. The Coca-Cola Company (NYSE:KO), Pfizer Inc (NYSE:PFE) and Microsoft Corporation (NASDAQ:MSFT) round out the firm’s top five holdings.
The Electron Global Fund was up 2% for September, bringing its third-quarter return to -1.7% and its year-to-date return to 8.5%. Meanwhile, the MSCI World Utilities Index was down 7.2% for September, 1.7% for the third quarter and 3.3% year to date. The S&P 500 was down 4.8% for September, up 0.2% for the third Read More
GMO’s Major Sell-Offs
The firm sold completely out of Clearwire Corporation (NASDAQ:CLWR), which has been in limbo over the last several months as its future is debated. The company’s board recently recommended to shareholders that they approve the buyout offer from Sprint Nextel Corporation (NYSE:S) over the offer from DISH Network Corp (NASDAQ:DISH).
Other major sell-offs for GMO include Nexen Inc. (NYSE:NXY) and Archer Daniels Midland Company (NYSE:ADM).
GMO’s Major Reduced Positions
Among the companies GMO reduced its holdings in were Hewlett-Packard Company (NYSE:HPQ), Cisco Systems, Inc. (NASDAQ:CSC), Oracle Corporation (NASDAQ:ORCLE) and Wells Fargo & Co (NYSE:WFC).
The firm also reduced its holdings in AOL, Inc. (NYSE:AOL), Comcast Corporation (NASDAQ:CMCSA) and AT&T, Inc. (NYSE:T).
GMO’s Major New Purchases
During the first three months of the year, the firm bought into Yahoo! Inc (NASDAQ:YHOO), Virgin Media Inc. (NASDAQ:VMED), CTC Media, Inc. (NASDAQ:CTCM) and iShares MSCI Emerging Markets Indx (ETF) (NYSEARCA:EEM).
GMO’s Major Increased Positions
The firm increased its position in Exxon Mobil Corporation (NYSE:XOM) by 41 percent during the first quarter. Other major increased positions during the first quarter include Microsoft Corporation (NASDAQ:MSFT), Bristol Myers Squibb Co. (NYSE:BMY) and Comcast Corporation (NASDAQ:CMCSK).