Invesco Ltd.
The book · Q1 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 71.02M | $12.4B | 1.9% | ±0% |
| 2 | AAPL | APPLE INC | 43.04M | $10.9B | 1.7% | −1% |
| 3 | MSFT | MICROSOFT CORP | 20.06M | $7.4B | 1.1% | −6% |
| 4 | NVDA | NVIDIA CORPORATION | 35.94M | $6.3B | 1.0% | — |
| 5 | AMZN | AMAZON COM INC | 29.36M | $6.1B | 0.9% | −4% |
| 6 | GOOGL | ALPHABET INC | 19.00M | $5.5B | 0.8% | +1% |
| 7 | GOOGL | ALPHABET INC | 17.87M | $5.1B | 0.8% | — |
| 8 | AVGO | BROADCOM INC | 16.52M | $5.1B | 0.8% | −4% |
| 9 | GOOG | ALPHABET INC | 15.60M | $4.5B | 0.7% | +4% |
| 10 | META | META PLATFORMS INC | 7.63M | $4.4B | 0.7% | −14% |
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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