Fidelity (FMR LLC) 13F: Q2 2026 Portfolio — $2.30T Across 5572 Positions

Fidelity (FMR LLC) · Q2 2026

Fidelity increased exposure to AI and semis while trimming select mega-cap tech winners in Q2 2026.

Reported value

$2.30T

Filed 2026-08-13

Positions

5572

Quarter ended 2026-06-30

Top 10 weight

34.0%

New391Added2857Trimmed1856Exited236View the SEC filing

Form 13F reports long US-listed positions only, up to 45 days after quarter end. It excludes shorts, cash, and non-US holdings, so the live book can differ.

Fidelity (FMR LLC) reported a $2.30T US-listed portfolio in its Q2 2026 Form 13F, filed with the SEC on 2026-08-13 for the quarter ended 2026-06-30. The book holds 5572 positions, led by Nvidia at 8.9% of reported value; the top three together account for 17%. Against the Q1 2026 filing, the manager opened 391 new positions, added to 2857, trimmed 1856, and exited 236.

Top 12 holdings

Portfolio allocation

NvidiaNVDA8.9%
AppleAAPL4.1%
AlphabetGOOGL3.9%
AmazonAMZN3.8%
MicrosoftMSFT3.0%
BroadcomAVGO2.4%
Meta PlatformsMETA2.3%
Space Exploration TechnSPCX2.2%
AlphabetGOOG1.9%
Eli Lilly &LLY1.5%
Other holdings66.0%

Share of reported 13F value

#	Holding	Action	Weight	Value	Shares vs prior quarter
1	NvidiaNVDA	Added	8.9%	$205B	+3.2%
2	AppleAAPL	Added	4.1%	$94.1B	+5.8%
3	AlphabetGOOGL	Added	3.9%	$89.6B	+6.0%
4	AmazonAMZN	Added	3.8%	$87.2B	+1.9%
5	MicrosoftMSFT	Trimmed	3.0%	$69.4B	-2.2%
6	BroadcomAVGO	Added	2.4%	$54.5B	+16.3%
7	Meta PlatformsMETA	Trimmed	2.3%	$54.0B	-17.8%
8	Space Exploration TechnSPCX	New	2.2%	$51.7B	New
9	AlphabetGOOG	Added	1.9%	$43.1B	+12.3%
10	Eli Lilly &LLY	Added	1.5%	$34.1B	+8.1%
11	Micron TechnologyMU	Trimmed	1.3%	$30.8B	-16.6%
12	Taiwan Semiconductor ManufacTSM	Trimmed	1.2%	$28.1B	-2.4%
	Other holdings		63.5%	$1.46T

Values and share counts as reported for 2026-06-30; weights are share of reported 13F value.

Actions compare share counts against the prior quarter's filing, so they do not move with price.

New positions and exits

New positions

Closed out

Ascendis Pharma A/S$887M
Carnival$583M
Honeywell Intl$568M
Centessa Pharmaceuticals$272M
Thomson Reuters$262M
Masimo$258M
Exxon Mobil (PUT)$215M
Soleno Therapeutics$194M
Thermon Group Hldgs$150M
Dupont De Nemours$125M
Ge Vernova (PUT)$122M
Ge Aerospace (PUT)$99.3M

Read on the quarter

What the moves add up to

The quarter’s most consequential theme was a reinforcement of AI- and semiconductor-linked exposure. Nvidia was added and rose modestly in position size (share count up 3.2%), while Broadcom was also added with a much larger increase (share count up 16.3%). Alphabet was increased across two listings—GOOGL (share count up 6.0%) and GOOG (share count up 12.3)—and Apple and Amazon were added as well (share counts up 5.8% on AAPL and up 1.9% on AMZN). Together with the top holding stack, this pushes the portfolio toward the same growth engines reflected in the top rows, with the top 10 still accounting for 34.0% of the portfolio.

At the same time, Fidelity selectively reduced positions where share counts moved down despite still-large portfolio weights. Microsoft was trimmed (share count down 2.2%), Meta Platforms was trimmed more decisively (share count down 17.8%), and Micron and TSM were also trimmed (share counts down 16.6% on MU and down 2.4% on TSM). The shift is also visible in activity breadth: there were 391 new positions and 2857 adds versus 236 exits, suggesting the changes were more about rotating within the growth complex than broadly de-risking.

Context

How to read this filing

A Form 13F is a quarterly snapshot institutional managers with over $100M in US-listed assets must file within 45 days of quarter end. It shows long equity positions only: no short book, no cash, no non-US listings, no timing inside the quarter. Treat it as a delayed map of where the manager's conviction sat on the reporting date — not a live portfolio, and not a buy list.

Positions may have changed since the reporting date. Weight changes also reflect price moves, not only buying or selling — the action tags on this page are derived from share counts, which do not move with price.