Full & Historical Holdings

Contrarian Capital Fund


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Based on Market Value Based on Equivalent Exposure
ISIN Securities
(on 28-Feb-26)
Shares or Par Amount Value Percent of Net Assets Value Percent of Net Assets Market Cap ($mm) GICS Sectors

The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.

Country
NL0015435975 Davide Campari-Milano NV 2,525,093 $19,029,718.99 4.95% $19,029,718.99 4.95% 13,748.66 Consumer Staples Italy
FR001400AJ45 Cie Generale des Etablissements Michelin SCA 453,165 $18,419,815.88 4.79% $18,419,815.88 4.79% 28,686.60 Consumer Discretionary France
DE0005552004 Deutsche Post AG 302,995 $17,936,746.49 4.67% $17,936,746.49 4.67% 68,077.88 Industrials Germany
CA13646K1084 Canadian Pacific Kansas City Ltd 190,059 $16,647,267.81 4.33% $16,647,267.81 4.33% 78,652.22 Industrials Canada
US0758871091 Becton Dickinson & Co 89,594 $15,811,549.12 4.12% $15,811,549.12 4.12% 50,251.24 Health Care United States
FR0000124141 Veolia Environnement SA 370,803 $15,755,544.06 4.10% $15,755,544.06 4.10% 31,516.08 Utilities France
NL0010801007 IMCD NV 162,269 $15,607,395.90 4.06% $15,607,395.90 4.06% 5,685.14 Industrials Netherlands
- EUR/USD FWD 20260330 BBHH-BOS 11,809,716 $13,978,455.36 3.64% $13,954,360.33 3.63% - Unclassified United States
BE0974293251 Anheuser-Busch InBev SA/NV 160,548 $13,055,396.03 3.40% $13,055,396.03 3.40% 158,630.71 Consumer Staples Belgium
DE0006599905 Merck KGaA 81,027 $12,283,634.86 3.20% $12,283,634.86 3.20% 65,912.02 Health Care Germany
DE000ZAL1111 Zalando SE 486,675 $11,932,394.99 3.11% $11,932,394.99 3.11% 6,477.27 Consumer Discretionary Germany
FR0000120693 Pernod Ricard SA 127,398 $11,780,749.89 3.07% $11,780,749.89 3.07% 23,327.84 Consumer Staples France
IE00BTN1Y115 Medtronic PLC 120,385 $11,756,799.10 3.06% $11,756,799.10 3.06% 125,384.21 Health Care United States
CA15135U1093 Cenovus Energy Inc 513,032 $11,429,964.06 2.97% $11,429,964.06 2.97% 41,960.72 Energy Canada
DE0005200000 Beiersdorf AG 87,378 $11,114,415.19 2.89% $11,114,415.19 2.89% 30,858.54 Consumer Staples Germany
GB00BDR05C01 National Grid PLC 590,671 $11,072,607.22 2.88% $11,072,607.22 2.88% 93,190.89 Utilities United Kingdom
BMG7496G1033 RenaissanceRe Holdings Ltd 35,082 $10,610,901.72 2.76% $10,610,901.72 2.76% 13,296.75 Financials United States
FR0000120578 Sanofi SA 104,315 $10,131,857.25 2.64% $10,131,857.25 2.64% 118,447.22 Health Care France
JP3500610005 Resona Holdings Inc 793,200 $9,703,893.96 2.53% $9,703,893.96 2.53% 28,225.18 Financials Japan
US4448591028 Humana Inc 50,740 $9,667,999.60 2.52% $9,667,999.60 2.52% 22,978.36 Health Care United States
US0528001094 Autoliv Inc 80,204 $9,505,778.08 2.47% $9,505,778.08 2.47% 8,854.22 Consumer Discretionary United States
GB00BM8PJY71 NatWest Group PLC 1,136,504 $9,480,663.52 2.47% $9,480,663.52 2.47% 66,785.87 Financials United Kingdom
DE000SYM9999 Symrise AG 102,614 $9,406,474.33 2.45% $9,406,474.33 2.45% 12,812.70 Materials Germany
NL0011821202 ING Groep NV 287,425 $8,364,874.59 2.18% $8,364,874.59 2.18% 84,990.37 Financials Netherlands
BMG3223R1088 Everest Group Ltd 24,289 $8,148,716.61 2.12% $8,148,716.61 2.12% 13,654.44 Financials United States
GB0032089863 Next PLC 40,595 $7,396,501.56 1.92% $7,396,501.56 1.92% 22,222.40 Consumer Discretionary United Kingdom
JE00B4T3BW64 Glencore PLC 1,022,667 $7,359,572.95 1.92% $7,359,572.95 1.92% 84,513.36 Materials United Kingdom
FR0000131104 BNP Paribas SA 64,466 $7,274,523.94 1.89% $7,274,523.94 1.89% 126,021.12 Financials France
SE0007100581 Assa Abloy AB 168,912 $7,214,815.37 1.88% $7,214,815.37 1.88% 47,445.10 Industrials Sweden
US5218652049 Lear Corp 54,738 $7,184,362.50 1.87% $7,184,362.50 1.87% 6,657.98 Consumer Discretionary United States
CA8787422044 Teck Resources Ltd 115,274 $6,769,986.54 1.76% $6,769,986.54 1.76% 28,688.02 Materials Canada
GB00BTK05J60 Anglo American PLC 105,509 $5,262,422.43 1.37% $5,262,422.43 1.37% 58,757.06 Materials United Kingdom
JP3351600006 Shiseido Co Ltd 241,200 $5,124,193.35 1.33% $5,096,916.72 1.33% 8,452.60 Consumer Staples Japan
US1264081035 CSX Corp 102,090 $4,368,226.92 1.13% $4,358,222.10 1.13% 79,388.84 Industrials United States
US9418481035 Waters Corp 10,889 $3,477,728.82 0.91% $3,477,728.82 0.91% 31,331.78 Health Care United States
- GBP/USD FWD 20260330 BBHH-BOS 64,412 $86,813.79 0.02% $86,805.10 0.02% - Unclassified United States
- USD/GBP FWD 20260330 BBHH-BOS -86,883 $-86,882.79 -0.02% $-86,882.79 -0.02% - Unclassified United States
- USD/EUR FWD 20260330 BBHH-BOS -13,932,410 $-13,932,410.16 -3.63% $-13,932,410.16 -3.63% - Unclassified United States
- Cash & Cash Equivalents - 24,149,203.69 6.28% 24,149,846.59 6.28% - - -
- Other - 45,976.18 0.01% 45,333.28 0.01% - - Other

*Short positions, unlike long positions, lose value if the underlying asset gains value.

Portfolio characteristics are based on equivalent exposure, which measures how a portfolio's value would change due to price changes in an asset held either directly or, in the case of a derivative contract, indirectly. The market value of the holding may differ.
Other. Other consists of: (i) currency derivatives and/or (ii) any derivative offsets.
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