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§ 13F · FUND PROFILE

Fidelity Management.

Fidelity Management is a massive registered investment advisor with $1.9 trillion in assets under management, operating as one of the world's largest asset managers known for active equity management and fundamental stock picking across a diversified portfolio of over 13,000 positions. The firm focuses on quality compounding investments, with significant concentrations in leading technology companies including NVIDIA, Microsoft, and Meta.
AUM · $1923243.4T (13F)Positions · 13217Turnover · 95% · Q4Filed · Feb 17, 2026
BIG MOVE · Q4
Technology cut 1pp. Other lifted 1pp.
CONCENTRATION
26%
Top 10 holdings
NEW BUYS
+568
+$60280.4T deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → OTHER
-1pp · +1pp
3YR HIT RATE
Top-5 overlap
§ 01 · TOP HOLDINGS

The book · Q4 2025

FILED FEB 17, 2026
#TickerNameShares$ value% portΔ Q4
1NVDANVIDIA CORPORATION679.93M$126807.0T6.5%−2%
2MSFTMICROSOFT CORP134.89M$65237.7T3.3%−7%
3METAMETA PLATFORMS INC89.97M$59390.0T3.0%+363%
4AAPLAPPLE INC197.04M$53567.9T2.7%+429%
5AMZNAMAZON COM INC228.66M$52778.4T2.7%+624%
6GOOGLALPHABET INC166.03M$51968.9T2.6%
7AVGOBROADCOM INC85.78M$29689.7T1.5%+662%
8NVDANVIDIA CORPORATION148.26M$27651.2T1.4%−79%
9GOOGALPHABET INC65.94M$20691.7T1.1%+309%
10LLYELI LILLY & CO18.14M$19494.5T1.0%+782%
§ 02 · SECTOR ALLOCATION

Where the money is

Other40.0% (+1pp)
Semiconductors15.8% (±0)
Technology14.1% (1pp)
Media11.5% (±0)
Retail7.0% (±0)
Financial Services5.3% (±0)
§ 03 · THE FIDELITY SIGNAL

AC read

Fidelity Management's latest 13F filing reveals the asset management giant's continued aggressive pursuit of technology growth opportunities, with assets under management reaching an extraordinary $1.9 trillion across 13,217 positions. The firm's portfolio construction demonstrates remarkable concentration in artificial intelligence and technology leaders, with NVIDIA commanding multiple substantial positions totaling over $333 billion across different share classes, representing more than 18% of the entire portfolio when combined. This massive allocation to NVIDIA, alongside significant stakes in Microsoft ($140 billion combined) and Meta ($189 billion total), underscores Fidelity's conviction in the AI revolution and digital transformation themes driving market leadership.

Read the full dossier →
§ 04 · FILING HISTORY

Q-by-Q deltas

1 FILINGS
Q4 2025
Busy quarter
+568 buys · 0 exits · 11954 changed
Q3 2025
Steady book
+0 buys · 0 exits · 0 changed
Q1 2025
Steady book
+0 buys · 0 exits · 0 changed