13FPulse
TM

TMO THERMO FISHER SCIENTIFIC INC

2026Q2 · CUSIP 883556102 · Sector: Healthcare & Biotech

Normal

Fund flows are within the usual range

Funds that own it
2,569
Institutions that reported holding it to the SEC
Net decrease in holders
26
Last quarter 2,595 → now 2,569
How unusual is that
Bottom 20%
Stronger than only 5% of US stocks
What the filings say, in one paragraph

2,569 funds held TMO at the end of 2026Q2, down 26 from the quarter before. Fund flows are within the usual range — nothing unusual. On the business itself, revenue over the last 12 months was $46.3B(YoY +7.2%), the P/E is 32.3x, return on equity is 13.2%. TMO has had 36 buying rushes in its history, and the price moved +2.2% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Healthcare & Biotech sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=807 2013Q4: holders=868 2014Q1: holders=905 2014Q2: holders=899 2014Q3: holders=907 2014Q4: holders=950 2015Q1: holders=962 2015Q2: holders=976 2015Q3: holders=970 2015Q4: holders=1009 2016Q1: holders=1024 2016Q2: holders=1053 2016Q3: holders=1039 2016Q4: holders=1114 2017Q1: holders=1136 2017Q2: holders=1158 2017Q3: holders=1158 2017Q4: holders=1247 2018Q1: holders=1305 2018Q2: holders=1319 2018Q3: holders=1347 2018Q4: holders=1452 2019Q1: holders=1519 2019Q2: holders=1550 2019Q3: holders=1549 2019Q4: holders=1677 2020Q1: holders=1676 2020Q2: holders=1740 2020Q3: holders=1845 2020Q4: holders=2025 2021Q1: holders=2039 2021Q2: holders=2072 2021Q3: holders=2129 2021Q4: holders=2343 2022Q1: holders=2312 2022Q2: holders=2279 2022Q3: holders=2258 2022Q4: holders=2366 2023Q1: holders=2385 2023Q2: holders=2386 2023Q3: holders=2369 2023Q4: holders=2488 2024Q1: holders=2525 2024Q2: holders=2543 2024Q3: holders=2573 2024Q4: holders=2620 2025Q1: holders=2572 2025Q2: holders=2456 2025Q3: holders=2510 2025Q4: holders=2703 2026Q1: holders=2595 2026Q2: holders=2569 -214 -107 +0 +107 +214 72617832839 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 36 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2025Q4 Top 5% -5.1% -12.2%
2025Q3 Top 5% +4.5% -9.1%
2024Q4 Top 20% -9.1% -22.5%
2024Q3 Top 10% +6.2% +6.3%
2024Q2 Top 20% +1.5% -11.7%
2024Q1 Top 10% -10.0% +2.1%
2023Q4 Top 5% +5.2% +8.7%
2023Q1 Top 10% -0.4% +2.8%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
400
Change in large funds
+33
Total value they hold
$168.2B
Funds buying for the first time
203
Funds that sold out entirely
229
Price change that quarter
+36.0%
Funds holding puts (bearish)
38
Funds holding calls (bullish)
37

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
32.3
EPS (TTM)
$18.59
EPS YoY
+7.5%
Revenue (TTM)
$46.3B
Revenue YoY
+7.2%
Net margin
15.0%
ROE
13.2%
Debt ratio
53.4%
FCF (TTM)
$7.3B
Dividend (TTM)
$1.80
Quarterly Revenue & EPS
2021-10-02: EPS 4.79 2021-12-31: EPS 4.18 2022-04-02: EPS 5.61 2022-07-02: EPS 4.22 2022-10-01: EPS 3.79 2022-12-31: EPS 4.01 2023-04-01: EPS 3.32 2023-07-01: EPS 3.51 2023-09-30: EPS 4.42 2023-12-31: EPS 4.20 2024-03-30: EPS 3.46 2024-06-29: EPS 4.04 2024-09-28: EPS 4.25 2024-12-31: EPS 4.78 2025-03-29: EPS 3.98 2025-06-28: EPS 4.28 2025-09-27: EPS 4.27 2025-12-31: EPS 5.21 2026-03-28: EPS 4.43 2026-06-27: EPS 4.68 0B 6.1B 12.2B $B 0.00 3.09 6.17 2016201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 32 21 31 40 20222023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-40M1.6B3.3B 20162017201820192020202120222023202420252026
Latest quarter $816M (2026-03-28)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-27 · SEC filings (XBRL)

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2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.