Issuer | Shares/Par | Value ($) | ||
Common Stocks – 99.3% | ||||
Aerospace & Defense – 7.4% | ||||
General Dynamics Corp. | 4,304,631 | $1,063,114,718 | ||
Honeywell International, Inc. | 4,987,448 | 977,140,812 | ||
Northrop Grumman Corp. | 2,802,715 | 1,331,738,059 | ||
RTX Corp. | 9,522,447 | 775,888,982 | ||
$4,147,882,571 | ||||
Alcoholic Beverages – 1.3% | ||||
Diageo PLC | 20,943,597 | $730,675,755 | ||
Brokerage & Asset Managers – 4.7% | ||||
BlackRock, Inc. | 839,760 | $630,852,905 | ||
Citigroup, Inc. | 14,891,560 | 686,500,916 | ||
KKR & Co., Inc. | 6,101,604 | 462,745,647 | ||
NASDAQ, Inc. | 14,967,639 | 835,792,962 | ||
$2,615,892,430 | ||||
Business Services – 3.2% | ||||
Accenture PLC, “A” | 3,488,637 | $1,162,204,530 | ||
Equifax, Inc. | 2,771,997 | 603,491,467 | ||
$1,765,695,997 | ||||
Cable TV – 3.4% | ||||
Charter Communications, Inc., “A” (a) | 1,162,020 | $464,959,063 | ||
Comcast Corp., “A” | 34,020,732 | 1,425,128,463 | ||
$1,890,087,526 | ||||
Chemicals – 0.8% | ||||
PPG Industries, Inc. | 2,971,632 | $421,942,028 | ||
Construction – 1.2% | ||||
Otis Worldwide Corp. | 2,214,354 | $189,969,430 | ||
Sherwin-Williams Co. | 1,683,518 | 469,364,818 | ||
$659,334,248 | ||||
Consumer Products – 2.2% | ||||
Kenvue, Inc. | 28,941,001 | $591,554,060 | ||
Kimberly-Clark Corp. | 3,504,663 | 433,631,953 | ||
Reckitt Benckiser Group PLC | 2,724,397 | 185,659,523 | ||
$1,210,845,536 | ||||
Electrical Equipment – 0.6% | ||||
Johnson Controls International PLC | 6,661,460 | $351,725,088 | ||
Electronics – 6.2% | ||||
Analog Devices, Inc. | 5,933,989 | $1,088,174,903 | ||
KLA Corp. | 1,759,897 | 958,475,104 | ||
NXP Semiconductors N.V. | 3,070,996 | 626,728,864 | ||
Texas Instruments, Inc. | 5,141,177 | 785,109,139 | ||
$3,458,488,010 | ||||
Energy - Independent – 5.4% | ||||
ConocoPhillips | 13,689,962 | $1,582,148,909 | ||
EOG Resources, Inc. | 4,357,890 | 536,325,522 | ||
Pioneer Natural Resources Co. | 3,880,339 | 898,841,726 | ||
$3,017,316,157 |
Issuer | Shares/Par | Value ($) | ||
Common Stocks – continued | ||||
Energy - Integrated – 0.5% | ||||
Chevron Corp. | 1,926,567 | $276,655,021 | ||
Food & Beverages – 3.2% | ||||
Archer Daniels Midland Co. | 2,191,438 | $161,574,724 | ||
Nestle S.A. | 7,771,398 | 881,681,388 | ||
PepsiCo, Inc. | 4,332,296 | 729,082,094 | ||
$1,772,338,206 | ||||
Gaming & Lodging – 1.4% | ||||
Marriott International, Inc., “A” | 3,794,556 | $769,156,501 | ||
Health Maintenance Organizations – 3.2% | ||||
Cigna Group | 5,594,049 | $1,470,563,601 | ||
Elevance Health, Inc. | 714,806 | 342,742,329 | ||
$1,813,305,930 | ||||
Insurance – 11.8% | ||||
Aon PLC | 4,370,576 | $1,435,690,510 | ||
Chubb Ltd. | 4,871,806 | 1,117,738,451 | ||
Marsh & McLennan Cos., Inc. | 7,635,211 | 1,522,613,778 | ||
Progressive Corp. | 9,859,778 | 1,617,299,385 | ||
Travelers Cos., Inc. | 5,042,795 | 910,829,633 | ||
$6,604,171,757 | ||||
Machinery & Tools – 4.3% | ||||
Eaton Corp. PLC | 3,545,685 | $807,317,018 | ||
Illinois Tool Works, Inc. | 3,167,817 | 767,276,955 | ||
PACCAR, Inc. | 4,083,769 | 374,971,670 | ||
Trane Technologies PLC | 1,984,605 | 447,349,813 | ||
Veralto Corp. (a) | 365,560 | 28,239,510 | ||
$2,425,154,966 | ||||
Major Banks – 7.2% | ||||
JPMorgan Chase & Co. | 15,611,221 | $2,436,599,374 | ||
Morgan Stanley | 12,450,026 | 987,785,063 | ||
PNC Financial Services Group, Inc. | 4,260,159 | 570,690,899 | ||
$3,995,075,336 | ||||
Medical & Health Technology & Services – 2.4% | ||||
McKesson Corp. | 2,869,374 | $1,350,212,630 | ||
Medical Equipment – 2.5% | ||||
Abbott Laboratories | 5,541,863 | $577,960,892 | ||
Boston Scientific Corp. (a) | 7,990,497 | 446,588,878 | ||
Medtronic PLC | 4,715,971 | 373,835,021 | ||
$1,398,384,791 | ||||
Other Banks & Diversified Financials – 1.9% | ||||
American Express Co. | 6,231,696 | $1,064,186,726 | ||
Pharmaceuticals – 6.7% | ||||
AbbVie, Inc. | 4,409,346 | $627,846,777 | ||
Johnson & Johnson | 8,360,564 | 1,293,044,828 | ||
Merck & Co., Inc. | 7,069,658 | 724,498,552 | ||
Pfizer, Inc. | 30,875,263 | 940,769,264 | ||
Roche Holding AG | 632,880 | 170,596,464 | ||
$3,756,755,885 |
Issuer | Shares/Par | Value ($) | ||
Common Stocks – continued | ||||
Railroad & Shipping – 2.7% | ||||
Canadian National Railway Co. | 2,832,294 | $328,404,489 | ||
Union Pacific Corp. | 5,165,313 | 1,163,590,060 | ||
$1,491,994,549 | ||||
Real Estate – 2.0% | ||||
Prologis, Inc., REIT | 8,290,140 | $952,785,790 | ||
Public Storage, Inc., REIT | 732,091 | 189,435,867 | ||
$1,142,221,657 | ||||
Specialty Chemicals – 1.9% | ||||
Corteva, Inc. | 6,142,539 | $277,642,763 | ||
DuPont de Nemours, Inc. | 11,164,101 | 798,679,785 | ||
$1,076,322,548 | ||||
Specialty Stores – 3.3% | ||||
Lowe's Cos., Inc. | 5,516,911 | $1,096,927,414 | ||
Target Corp. | 5,567,594 | 744,999,753 | ||
$1,841,927,167 | ||||
Utilities - Electric Power – 7.9% | ||||
American Electric Power Co., Inc. | 3,451,195 | $274,542,562 | ||
Dominion Energy, Inc. | 14,801,546 | 671,102,096 | ||
Duke Energy Corp. | 10,990,246 | 1,014,179,901 | ||
Exelon Corp. | 11,714,007 | 451,106,410 | ||
PG&E Corp. | 25,102,576 | 431,011,230 | ||
Southern Co. | 15,000,326 | 1,064,723,139 | ||
Xcel Energy, Inc. | 7,923,034 | 482,037,388 | ||
$4,388,702,726 | ||||
Total Common Stocks | $55,436,451,742 | |||
Investment Companies (h) – 0.4% | ||||
Money Market Funds – 0.4% | ||||
MFS Institutional Money Market Portfolio, 5.46% (v) | 226,014,868 | $226,037,470 | ||
Other Assets, Less Liabilities – 0.3% | 180,728,408 | |||
Net Assets – 100.0% | $55,843,217,620 |
(a) | Non-income producing security. | |||
(h) | An affiliated issuer, which may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. At period end, the aggregate values of the fund's investments in affiliated issuers and in unaffiliated issuers were $226,037,470 and $55,436,451,742, respectively. | |||
(v) | Affiliated issuer that is available only to investment companies managed by MFS. The rate quoted for the MFS Institutional Money Market Portfolio is the annualized seven-day yield of the fund at period end. |
The following abbreviations are used in this report and are defined: | |
REIT | Real Estate Investment Trust |
Financial Instruments | Level 1 | Level 2 | Level 3 | Total |
Equity Securities | $55,436,451,742 | $— | $— | $55,436,451,742 |
Mutual Funds | 226,037,470 | — | — | 226,037,470 |
Total | $55,662,489,212 | $— | $— | $55,662,489,212 |
Affiliated Issuers | Beginning Value | Purchases | Sales Proceeds | Realized Gain (Loss) | Change in Unrealized Appreciation or Depreciation | Ending Value |
MFS Institutional Money Market Portfolio | $160,098,874 | $1,553,412,678 | $1,487,467,445 | $9,289 | $(15,926) | $226,037,470 |
Affiliated Issuers | Dividend Income | Capital Gain Distributions |
MFS Institutional Money Market Portfolio | $2,650,148 | $— |