Jeremy Grantham's Strategic Moves: Significant Reduction in Otis Worldwide Corp

Exploring the Investment Shifts of a Renowned Value Investor

Jeremy Grantham (Trades, Portfolio) recently submitted the 13F filing for the second quarter of 2025, providing insights into his investment moves during this period. Jeremy Grantham (Trades, Portfolio) is the Chairman of the Board of Grantham Mayo van Otterloo (GMO) LLC, a Boston-based asset management firm. He is regarded as a highly knowledgeable investor in various stock, bond, and commodity markets. Grantham started one of the world's first index funds in the early 1970s. Grantham has built much of his investing reputation over his long career by correctly identifying speculative market "bubbles" as they were happening and steering clients' assets clear of impending crashes. Grantham avoided investing in Japanese equities and real estate in the late eighties, as well as technology stocks during the internet bubble in the late nineties. Grantham also began warning about the overvaluation of equity and credit markets in 2006, well before the start of the crisis.

Warning! GuruFocus has detected 7 Warning Sign with MSFT.Jeremy Grantham's Strategic Moves: Significant Reduction in Otis Worldwide Corp

Summary of New Buy

Jeremy Grantham (Trades, Portfolio) added a total of 86 stocks, among them:

The most significant addition was Tradeweb Markets Inc (NASDAQ:TW), with 1,483,629 shares, accounting for 0.65% of the portfolio and a total value of $217.2 million. The second largest addition to the portfolio was Masimo Corp (NASDAQ:MASI), consisting of 240,563 shares, representing approximately 0.12% of the portfolio, with a total value of $40.5 million. The third largest addition was Booz Allen Hamilton Holding Corp (NYSE:BAH), with 358,447 shares, accounting for 0.11% of the portfolio and a total value of $37.3 million.

Key Position Increases

Jeremy Grantham (Trades, Portfolio) also increased stakes in a total of 190 stocks, among them:

The most notable increase was Broadcom Inc (NASDAQ:AVGO), with an additional 1,323,637 shares, bringing the total to 3,063,199 shares. This adjustment represents a significant 76.09% increase in share count, a 1.1% impact on the current portfolio, with a total value of $844.4 million. The second largest increase was Constellation Brands Inc (NYSE:STZ), with an additional 1,042,904 shares, bringing the total to 3,675,855. This adjustment represents a significant 39.61% increase in share count, with a total value of $597.9 million.

Summary of Sold Out

Jeremy Grantham (Trades, Portfolio) completely exited 97 of the holdings in the second quarter of 2025, as detailed below:

Saia Inc (NASDAQ:SAIA): Jeremy Grantham (Trades, Portfolio) sold all 117,840 shares, resulting in a -0.13% impact on the portfolio. Discover Financial Services (DFS): Jeremy Grantham (Trades, Portfolio) liquidated all 231,533 shares, causing a -0.12% impact on the portfolio.

Story Continues

Key Position Reduces

Jeremy Grantham (Trades, Portfolio) also reduced positions in 272 stocks. The most significant changes include:

Reduced Otis Worldwide Corp (NYSE:OTIS) by 5,452,736 shares, resulting in a -99.85% decrease in shares and a -1.78% impact on the portfolio. The stock traded at an average price of $96.64 during the quarter and has returned -7.60% over the past 3 months and -2.85% year-to-date. Reduced Visa Inc (NYSE:V) by 548,761 shares, resulting in a -18.45% reduction in shares and a -0.61% impact on the portfolio. The stock traded at an average price of $348.58 during the quarter and has returned -3.65% over the past 3 months and 8.94% year-to-date.

Portfolio Overview

At the second quarter of 2025, Jeremy Grantham (Trades, Portfolio)'s portfolio included 609 stocks, with top holdings including 7.27% in Microsoft Corp (NASDAQ:MSFT), 4.94% in Meta Platforms Inc (NASDAQ:META), 4.16% in Alphabet Inc (NASDAQ:GOOGL), 3.76% in Oracle Corp (NYSE:ORCL), and 3.69% in Apple Inc (NASDAQ:AAPL).

The holdings are mainly concentrated in all 11 industries: Technology, Healthcare, Financial Services, Communication Services, Consumer Cyclical, Consumer Defensive, Industrials, Energy, Basic Materials, Utilities, and Real Estate.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.

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