13F filer · CIK 315066 ↗
Fidelity Investments
You are looking at Q4 2025. See the latest, Q2 2026 →
Reported value
$1.96T
+2.0% on the quarter before
Positions
5,416
345 new · 296 sold out
Top 10
36.4%
of the value
Est. gain
+$28.26B
on stocks held all quarter
Est. return
+1.6%
on those stocks since Q3 2025
Positions as of Dec 31, 2025, from Fidelity Investments's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
The 24 largest positions, 47% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2025. Striped tiles are options.
Largest buys
Since Q3 2025, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Netflix~$16.38BAdded · 1.3% → 0.9%+174,726,009 shares
- Boeing Co~$2.02BAdded · 0.5% → 0.6%+9,317,466 shares
- Coherent Corp~$1.99BAdded · 0.1% → 0.2%+10,755,793 shares
- Western Digital~$1.73BAdded · 0.1% → 0.3%+10,037,079 shares
- Eli Lilly~$1.67BAdded · 1.0% → 1.4%+1,549,858 shares
- Tesla~$1.53BAdded · 0.8% → 0.9%+3,393,342 shares
- Biogen Inc~$1.43BAdded · 0.0% → 0.1%+8,138,103 shares
- Totalenergies Se~$1.40BNew · 0.0% → 0.1%+21,404,667 shares
- Thermo Fisher Scientific Inc~$1.27BAdded · 0.2% → 0.3%+2,199,538 shares
- Lumentum~$1.25BAdded · 0.1% → 0.2%+3,397,187 shares
Largest sells
Since Q3 2025, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Meta~$5.06BCut · 5.0% → 4.1%−7,659,737 shares
- Microsoft~$4.61BCut · 5.7% → 5.0%−9,538,744 shares
- TSMC~$3.66BCut · 1.1% → 0.9%−12,054,686 shares
- Uber~$2.40BCut · 0.3% → 0.1%−29,379,129 shares
- Nvidia~$2.17BCut · 9.5% → 9.2%−11,643,333 shares
- Berkshire Hathaway Inc Del~$1.89BCut · 1.1% → 0.9%−2,500 shares
- Amphenol~$1.81BCut · 0.6% → 0.6%−13,395,833 shares
- MercadoLibre~$1.78BCut · 0.2% → 0.1%−881,886 shares
- Avidity Biosciences Inc~$1.54BCut · 0.0% → 0.0%−21,402,755 shares
- Spotify Technology S A~$1.39BCut · 0.2% → 0.1%−2,401,477 shares
Holdings
As of Dec 31, 2025. Changes are in shares against Sep 30, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| NvidiaCOM · shares −1.2% · price −0.0% | 9.2% | $181.10B | −$77.7M | ||||||||
| MicrosoftCOM · shares −4.5% · price −6.6% | 5.0% | $97.18B | −$6.90B | ||||||||
| AppleCOM · shares +1.4% · price +6.8% | 4.3% | $83.57B | +$5.23B | ||||||||
| MetaCL A · shares −5.9% · price −10.1% | 4.1% | $80.76B | −$9.09B | ||||||||
| AmazonCOM · shares +0.8% · price +5.1% | 3.9% | $76.51B | +$3.70B | ||||||||
| AlphabetCAP STK CL A · shares +0.8% · price +28.8% | 3.7% | $72.55B | +$16.07B | ||||||||
| BroadcomCOM · shares +2.0% · price +4.9% | 2.2% | $42.63B | +$1.96B | ||||||||
| AlphabetCAP STK CL C · shares −1.1% · price +28.8% | 1.7% | $34.17B | +$7.65B | ||||||||
| Eli LillyCOM · shares +6.4% · price +40.8% | 1.4% | $27.64B | +$7.53B | ||||||||
| TSMCSPONSORED ADS · shares −16% · price +8.8% | 0.95% | $18.58B | +$1.50B | ||||||||
| Berkshire Hathaway Inc DelCL A · shares −9.2% · price +0.1% | 0.95% | $18.54B | +$14.7M | ||||||||
| NetflixCOM · shares +828% · price −92.2% | 0.94% | $18.36B | −$23.32B | ||||||||
| TeslaCOM · shares +9.4% · price +1.1% | 0.91% | $17.76B | +$180.5M | ||||||||
| Wells Fargo Co NewCOM · shares −3.9% · price +11.2% | 0.88% | $17.31B | +$1.74B | ||||||||
| Ge AerospaceCOM NEW · shares −0.6% · price +2.4% | 0.86% | $16.81B | +$393.5M | ||||||||
| Visa Inc.COM CL A · shares −4.1% · price +2.7% | 0.84% | $16.38B | +$435.8M | ||||||||
| Exxon Mobil CorpCOM · shares +3.4% · price +6.7% | 0.81% | $15.85B | +$966.6M | ||||||||
| MastercardCL A · shares −6.3% · price +0.4% | 0.73% | $14.37B | +$52.1M | ||||||||
| GE VernovaCOM · shares −5.2% · price +6.3% | 0.72% | $14.05B | +$831.1M | ||||||||
| Bank America CorpCOM · shares +2.5% · price +6.6% | 0.60% | $11.81B | +$714.3M | ||||||||
| AmphenolCL A · shares −13% · price +9.2% | 0.60% | $11.68B | +$984.3M | ||||||||
| Boeing CoCOM · shares +21% · price +0.6% | 0.59% | $11.51B | +$56.4M | ||||||||
| Jpmorgan Chase & Co.COM · shares −7.8% · price +2.2% | 0.59% | $11.50B | +$242.4M | ||||||||
| MicronCOM · shares −1.2% · price +70.6% | 0.58% | $11.30B | +$4.68B | ||||||||
| Marvell Technology IncCOM · shares +4.2% · price +1.1% | 0.55% | $10.78B | +$110.8M | ||||||||
| Total · 5,416 positions | 100% | $1.96T | +$28.26B |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q3 2025 to Q4 2025: 4,897 stocks held throughout, up $28.26B (+1.6%).
- Alphabet+$16.07B+29%
- Alphabet+$7.65B+29%
- Eli Lilly+$7.53B+41%
- Apple+$5.23B+7%
- Micron+$4.68B+71%
- Oracle−$2.53B−31%
- Roblox−$2.67B−42%
- Microsoft−$6.90B−7%
- Meta−$9.09B−10%
- Netflix−$23.32B−92%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 25 splits read into the share counts.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 13, 2026 | $2.30T+21% | SEC ↗ |
| Q1 2026 | May 15, 2026 | $1.90T−3% | SEC ↗ |
| Q4 2025 | Feb 17, 2026 | $1.96T+2% | SEC ↗ |
| Q3 2025 | Nov 13, 2025 | $1.92T+8% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $1.77T+13% | SEC ↗ |
| Q1 2025 | May 12, 2025 | $1.57T−7% | SEC ↗ |
| Q4 2024 | Feb 13, 2025 | $1.68T+2% | SEC ↗ |
| Q3 2024 | Nov 13, 2024 | $1.64T+5% | SEC ↗ |
| Q2 2024 | Aug 13, 2024 | $1.56T+5% | SEC ↗ |
| Q1 2024 | May 13, 2024 | $1.49T+14% | SEC ↗ |
| Q4 2023 | Feb 13, 2024 | $1.30T+13% | SEC ↗ |
| Q3 2023 | Nov 13, 2023 | $1.16T−3% | SEC ↗ |
| Q2 2023 | Aug 11, 2023 | $1.19T−45% | SEC ↗ |
| Q1 2023 | May 11, 2023 (amended) | $2.19T+117% | SEC ↗ |
| Q4 2022 | Feb 13, 2023 | $1.01T+5% | SEC ↗ |
| Q3 2022 | Nov 10, 2022 | $958.93B−4% | SEC ↗ |
| Q2 2022 | Aug 12, 2022 | $1.00T−20% | SEC ↗ |
| Q1 2022 | May 13, 2022 | $1.25T−8% | SEC ↗ |
| Q4 2021 | Feb 14, 2022 | $1.35T+7% | SEC ↗ |
| Q3 2021 | Feb 14, 2022 (amended) | $1.26T−1% | SEC ↗ |
| Q2 2021 | Aug 13, 2021 | $1.28T+9% | SEC ↗ |
| Q1 2021 | May 14, 2021 | $1.17T+4% | SEC ↗ |
| Q4 2020 | Feb 8, 2021 | $1.12T+14% | SEC ↗ |
| Q3 2020 | Nov 13, 2020 | $989.33B+9% | SEC ↗ |
| Q2 2020 | Aug 24, 2020 (amended) | $909.48B+26% | SEC ↗ |
| Q1 2020 | May 14, 2020 | $722.13B−20% | SEC ↗ |
| Q4 2019 | Feb 7, 2020 | $906.40B+9% | SEC ↗ |
| Q3 2019 | Nov 13, 2019 | $833.77B−3% | SEC ↗ |
| Q2 2019 | Aug 13, 2019 | $856.19B+3% | SEC ↗ |
| Q1 2019 | May 13, 2019 (amended) | $834.93B+14% | SEC ↗ |
| Q4 2018 | Feb 13, 2019 (amended) | $730.25B−18% | SEC ↗ |
| Q3 2018 | Nov 9, 2018 | $888.88B+2% | SEC ↗ |
| Q2 2018 | Aug 10, 2018 (amended) | $868.68B+3% | SEC ↗ |
| Q1 2018 | May 14, 2018 | $842.35B−1% | SEC ↗ |
| Q4 2017 | Feb 12, 2018 | $853.06B+3% | SEC ↗ |
| Q3 2017 | Nov 13, 2017 | $827.12B+3% | SEC ↗ |
| Q2 2017 | Aug 29, 2017 (amended) | $804.55B+2% | SEC ↗ |
| Q1 2017 | May 11, 2017 | $787.10B+5% | SEC ↗ |
| Q4 2016 | Feb 10, 2017 (amended) | $748.25B−0% | SEC ↗ |
| Q3 2016 | Nov 14, 2016 | $750.86B+2% | SEC ↗ |
| Q2 2016 | Aug 11, 2016 | $732.58B+1% | SEC ↗ |
| Q1 2016 | May 16, 2016 | $722.80B | SEC ↗ |