# Portfolio overlap — GQLOX vs PBFDX

Comparing **GMO Quality Fund** (2026-02-28) and **PAYSON TOTAL RETURN FUND** (2026-03-31).

- Shared positions: 12
- GMO Quality Fund covered by PAYSON TOTAL RETURN FUND: 0.3677576184223018757500560690
- PAYSON TOTAL RETURN FUND covered by GMO Quality Fund: 0.3677576184223018757500560690

## GMO Quality Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| MICROSOFT CORP | 0.052575 | ✓ |
| ALPHABET INC CL A | 0.051798 | ✓ |
| TSMC | 0.050726 |  |
| META PLATFORMS INC CL A | 0.046958 | ✓ |
| APPLE INC | 0.044271 | ✓ |
| JOHNSON&JOHNSON | 0.043518 |  |
| LAM RESEARCH CORP | 0.039530 | ✓ |
| THERMO FISHER SCIENTIFIC INC | 0.032820 | ✓ |
| AMAZON.COM INC | 0.031135 | ✓ |
| TEXAS INSTRUMENTS INC | 0.026118 |  |
| ABBOTT LABS | 0.025179 |  |
| US BANCORP DEL | 0.024982 |  |
| SALESFORCE INC | 0.023150 | ✓ |
| SAFRAN SA | 0.022928 |  |
| VISA INC-CLASS A | 0.022637 | ✓ |
| BROADCOM INC | 0.022590 | ✓ |
| UNITEDHEALTH GRP | 0.022448 |  |
| ACCENTURE PLC CL A | 0.021568 |  |
| SAP SE | 0.021385 |  |
| UNILEVER PLC | 0.020448 |  |
| ELEVANCE HEALTH INC | 0.020079 |  |
| MERCK & CO | 0.019709 |  |
| HALEON PLC | 0.019498 |  |
| LILLY ELI and CO | 0.019145 |  |
| COCA-COLA CO/THE | 0.018927 |  |
| Compass Group PLC | 0.018444 |  |
| HILTON WORLDWIDE HOLDINGS INC | 0.018106 |  |
| TJX COS INC | 0.015868 | ✓ |
| CONSTELLATION BRANDS INC CL A | 0.015736 |  |
| NESTLE SA (REG) | 0.015626 |  |
| INTUITIVE SURGICAL INC | 0.015488 |  |
| KLA CORP | 0.015434 |  |
| GMO US Treasury Fund | 0.014950 |  |
| LVMH MOET HENNESSY LOUIS VUITTON SE | 0.014033 |  |
| UBER TECHNOLOGIES INC | 0.013981 |  |
| THE CIGNA GROUP | 0.013632 |  |
| DIAGEO PLC | 0.010308 |  |
| QUEST DIAGNOSTICS INC | 0.009964 |  |
| ASML Holding NV | 0.009030 |  |
| MASTERCARD INC CL A | 0.008324 | ✓ |
| TRADEWEB MARKETS INC A | 0.007956 |  |
| Dassault Systemes SE | 0.007516 |  |
| Amadeus IT Holding, S.A. | 0.006067 |  |
| NOVO NORDISK-B | 0.005727 |  |
| WELLS FARGO & CO | 0.005516 |  |
| KNORR-BREMSE AG | 0.004859 |  |
| State Street Institutional Treasury Money Market Fund | 0.004336 |  |
| CONSTELLATION SOFTWARE INC | 0.003978 |  |
| MAGNUM ICE CREAM | 0.001001 |  |

## PAYSON TOTAL RETURN FUND — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| NVIDIA CORP | 0.086038 |  |
| ALPHABET INC CL A | 0.085581 | ✓ |
| MICROSOFT CORP | 0.077840 | ✓ |
| APPLE INC | 0.077390 | ✓ |
| BROADCOM INC | 0.060835 | ✓ |
| AMAZON.COM INC | 0.055447 | ✓ |
| META PLATFORMS INC CL A | 0.045711 | ✓ |
| JPMORGAN CHASE and CO | 0.042894 |  |
| ASML Holding NV - NY Reg Shares | 0.034533 |  |
| ABBVIE INC | 0.033100 |  |
| ISHARES CORE DIVIDEND GROWTH MUTUAL FUND | 0.031127 |  |
| LAM RESEARCH CORP | 0.029336 | ✓ |
| CATERPILLAR INC | 0.029038 |  |
| HONEYWELL INTL INC | 0.028551 |  |
| MASTERCARD INC CL A | 0.028013 | ✓ |
| THERMO FISHER SCIENTIFIC INC | 0.023771 | ✓ |
| TJX COS INC | 0.023298 | ✓ |
| SALESFORCE INC | 0.022070 | ✓ |
| HUBBELL INC | 0.021456 |  |
| AUTOZONE INC | 0.021203 |  |
| AMETEK INC NEW | 0.021106 |  |
| VISA INC-CLASS A | 0.020308 | ✓ |
| NVENT ELECTRIC | 0.019764 |  |
| MARATHON PETROLEUM CORP | 0.017858 |  |
| AMGEN INC | 0.017356 |  |
| L3HARRIS TECHNOLOGIES INC | 0.014662 |  |
| CHEVRON CORP | 0.014634 |  |
| DANAHER CORP | 0.009213 |  |
| ACCENTURE PLC-A | 0.007868 |  |


## Sources

- N-PORT (fund A) — accession `0001410368-26-041723` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/772129/000141036826041723/0001410368-26-041723-index.htm>
- N-PORT (fund B) — accession `0000315774-26-000165` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/315774/000031577426000165/0000315774-26-000165-index.htm>

---

_Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._

_Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._

_Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See <https://fundwatcher.app/terms/>_