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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 · $1.9T (13F)Positions · 13217Turnover · 38% · Q1Filed · May 15, 2026
BIG MOVE · Q1
Technology cut 2pp. Other lifted 3pp.
CONCENTRATION
24%
Top 10 holdings
NEW BUYS
+287
+$5.0B deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → OTHER
-2pp · +3pp
3YR HIT RATE
Top-5 overlap
§ 01 · TOP HOLDINGS

The book · Q1 2026

FILED MAY 15, 2026
#TickerNameShares$ value% portΔ Q1
1NVDANVIDIA CORPORATION692.60M$120.8B6.4%+2%
2AMZNAMAZON COM INC244.78M$51.0B2.7%+8%
3AAPLAPPLE INC194.24M$49.3B2.6%±0%
4METAMETA PLATFORMS INC84.96M$48.6B2.6%−5%
5GOOGLALPHABET INC167.49M$48.2B2.5%+2%
6MSFTMICROSOFT CORP123.54M$45.7B2.4%−5%
7AVGOBROADCOM INC84.76M$26.2B1.4%+1%
8NVDANVIDIA CORPORATION146.97M$25.6B1.4%
9GOOGALPHABET INC64.52M$18.5B1.0%±0%
10LLYELI LILLY & CO18.18M$16.7B0.9%+2%
§ 02 · SECTOR ALLOCATION

Where the money is

Other43.0% (+3pp)
Semiconductors16.6% (+1pp)
Technology12.1% (2pp)
Media10.5% (1pp)
Retail7.1% (±0)
Financial Services4.4% (1pp)
§ 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

2 FILINGS
Q1 2026
Busy quarter
+287 buys · 0 exits · 4749 changed
Q4 2025
Busy quarter
+344 buys · 0 exits · 4674 changed
Q3 2025
Busy quarter
+5364 buys · 0 exits · 0 changed
Q1 2025
Busy quarter
+5285 buys · 0 exits · 0 changed