GMO’s Top Holdings: Inside Jeremy Grantham’s High-Conviction Mega-Cap Portfolio

The latest 13F from Grantham, Mayo, Van Otterloo & Co. (GMO) offers a clear window into how Jeremy Grantham is positioning capital in a market he believes is both richly valued and increasingly narrow. Despite his well-known warnings about bubbles and froth, GMO’s actual equity book remains highly rational — concentrated in dominant franchises with durable cash flows, strong balance sheets, and long-term secular tailwinds.Below is a breakdown of the most important top holdings and what they signal about GMO ...