Invesco Ltd.
The book · Q2 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q2 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 262.64M | $52.6B | 4.2% | +78% |
| 2 | AAPL | APPLE INC | 158.77M | $45.9B | 3.6% | +68% |
| 3 | MU | MICRON TECHNOLOGY INC | 34.14M | $39.4B | 3.1% | +54% |
| 4 | MSFT | MICROSOFT CORP | 78.69M | $29.4B | 2.3% | +78% |
| 5 | AMD | ADVANCED MICRO DEVICES INC | 47.99M | $27.9B | 2.2% | +55% |
| 6 | AMZN | AMAZON COM INC | 113.61M | $27.1B | 2.1% | +76% |
| 7 | GOOGL | ALPHABET INC | 64.96M | $23.2B | 1.8% | +106% |
| 8 | TSLA | TESLA INC | 50.50M | $21.2B | 1.7% | +46% |
| 9 | INTC | INTEL CORP | 149.40M | $20.9B | 1.6% | +51% |
| 10 | GOOG | ALPHABET INC | 58.57M | $20.7B | 1.6% | +60% |
Where the money is
AC read
Invesco's latest 13F filing reflects the structural footprint one would expect from a firm whose business model centers on ETF product manufacturing rather than discretionary security selection. With 24,715 reported positions and a Herfindahl-Hirschman Index of just 0.003, the portfolio is about as diversified as a public equity book can get, consistent with the firm running dozens of index-tracking vehicles simultaneously, including the flagship QQQ. The top-10 concentration of 12.1 percent, split across multiple share-class or CUSIP-level entries in NVDA, AAPL, and MSFT, is a reporting artifact common to multi-fund complexes rather than evidence of conviction-weighted stock-picking. Sector exposure is led by Technology (13.0 percent) and Semiconductors (11.6 percent), mirroring the composition of large-cap growth benchmarks rather than any active macro or sector call.
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