Tracking Jeremey Grantham’s GMO Capital Portfolio – Q4 2017 Update

•  Jeremey Grantham’s 13F portfolio value decreased from $17.11B to $16.95B this quarter.
• GMO Capital reduced iShares MSCI Emerging ETF while adding iShares MSCI South Korea ETF.  
• The largest three individual stock positions are Microsoft Corporation, Alphabet Inc., & Apple and they add up to ~13% of the portfolio.

Jeremey Grantham’s 13F portfolio value decreased marginally from $17.11B to $16.95B this quarter. The portfolio is diversified with recent 13F reports showing well over 500 different positions. The largest five stakes are Microsoft Corporation (MSFT), Alphabet Inc. (GOOG), Apple Inc. (AAPL), Oracle Corporation (ORCL), and Johnson & Johnson (JNJ) and they add up to ~20% of the portfolio.

Note: In a Jan 2018 WelathTrack interview, Jeremey Grantham predicted the market to be in a melt-up (S&P 3400 to 3800 in short order) – thinks emerging markets is a safe bet. He also said they have a small hedge in FAANG like stocks which they will get out of when S&P gets to that range. As a secondary recommendation, EAFE equities was suggested.

Below is a spreadsheet that shows the changes to Jeremey Grantham's GMO Capital US long portfolio holdings as of Q4 2017. For a look at how the portfolio has progressed, see our previous update:

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