13F filer · CIK 318989 ↗
FIL Ltd
You are looking at Q3 2025. See the latest, Q2 2026 →
Reported value
$127.26B
+8.7% on the quarter before
Positions
990
99 new · 74 sold out
Top 10
21.7%
of the value
Est. gain
+$6.42B
on stocks held all quarter
Est. return
+6.3%
on those stocks since Q2 2025
Positions as of Sep 30, 2025, from FIL Ltd'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, 35% of the reported value, each sized by its share, colored by what the fund did with it since Q2 2025. Striped tiles are options.
Largest buys
Since Q2 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.
- Bank Nova Scotia Halifax~$650.9MAdded · 0.0% → 0.6%+10,065,791 shares
- Applied Materials~$577.1MAdded · 0.0% → 0.5%+2,818,892 shares
- Canadian Natl Ry Co~$547.7MAdded · 0.4% → 0.8%+5,807,825 shares
- Synopsys~$529.6MAdded · 0.1% → 0.5%+1,073,457 shares
- Bank Montreal Que~$526.1MAdded · 0.4% → 0.8%+4,037,495 shares
- PDD Holdings~$482.9MAdded · 0.3% → 0.7%+3,653,902 shares
- Canadian Imperial Bank Of Co~$468.4MAdded · 0.3% → 0.6%+5,861,482 shares
- Cenovus Energy Inc~$463.2MAdded · 0.0% → 0.4%+27,283,176 shares
- Kinross Gold Corp~$396.0MAdded · 0.2% → 0.5%+15,956,628 shares
- Salesforce~$382.2MAdded · 0.6% → 0.8%+1,612,654 shares
Largest sells
Since Q2 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.
- Ansys Inc~$973.1MSold out · 0.8% → 0.0%−2,770,603 shares
- Lam Research~$758.8MCut · 0.6% → 0.2%−5,667,090 shares
- Alphabet~$685.6MCut · 2.1% → 2.1%−2,820,436 shares
- Thomson Reuters Corp~$612.8MCut · 0.8% → 0.1%−3,946,321 shares
- Sandisk~$507.7MCut · 0.2% → 0.0%−4,525,301 shares
- Waste Connections Inc~$490.4MCut · 1.0% → 0.5%−2,789,663 shares
- Toronto Dominion Bk Ont~$471.7MCut · 2.6% → 2.3%−5,898,731 shares
- Franco Nev Corp~$459.0MCut · 1.3% → 1.2%−2,061,699 shares
- Corning Inc.~$427.5MCut · 0.2% → 0.0%−5,211,821 shares
- Baidu~$422.7MCut · 0.2% → 0.0%−3,207,778 shares
Holdings
As of Sep 30, 2025. Changes are in shares against Jun 30, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| MicrosoftCOM · shares +1.5% · price +4.1% | 3.5% | $4.44B | +$173.6M | ||||||||
| Royal Bk CdaCOM · shares +7.3% · price +11.8% | 2.7% | $3.39B | +$334.3M | ||||||||
| Toronto Dominion Bk OntCOM NEW · shares −14% · price +8.7% | 2.3% | $2.89B | +$231.8M | ||||||||
| Shopify IncCL A SUB VTG SHS · shares +0.3% · price +28.8% | 2.2% | $2.85B | +$635.6M | ||||||||
| AppleCOM · shares +8.7% · price +24.1% | 2.2% | $2.84B | +$507.4M | ||||||||
| AlphabetCAP STK CL A · shares −20% · price +37.9% | 2.1% | $2.71B | +$746.4M | ||||||||
| Agnico Eagle Mines LtdCOM · shares −1.0% · price +41.4% | 2.1% | $2.71B | +$791.9M | ||||||||
| AmazonCOM · shares +8.2% · price +0.1% | 2.1% | $2.68B | +$2.0M | ||||||||
| MetaCL A · shares −9.6% · price −0.5% | 1.2% | $1.55B | −$7.8M | ||||||||
| Franco Nev CorpCOM · shares −23% · price +35.6% | 1.2% | $1.53B | +$400.9M | ||||||||
| Tc Energy CorpCOM · shares −2.7% · price +11.4% | 1.2% | $1.48B | +$151.3M | ||||||||
| Texas InstrumentsCOM · shares +4.5% · price −11.5% | 1.1% | $1.40B | −$174.3M | ||||||||
| NvidiaCOM · shares +1.4% · price +18.1% | 1.1% | $1.36B | +$205.2M | ||||||||
| Rogers Communications IncCL B · shares +3.6% · price +16.1% | 0.95% | $1.21B | +$162.2M | ||||||||
| CiscoCOM · shares −5.7% · price −1.4% | 0.95% | $1.20B | −$16.9M | ||||||||
| Progressive CorpCOM · shares +11% · price −7.5% | 0.91% | $1.16B | −$84.2M | ||||||||
| Brookfield CorpCL A LTD VT SH · shares −1.3% · price +10.9% | 0.91% | $1.15B | +$113.1M | ||||||||
| Wheaton Precious Metals CorpCOM · shares −18% · price +24.5% | 0.87% | $1.11B | +$218.4M | ||||||||
| Rb Global IncCOM · shares +6.9% · price +2.0% | 0.85% | $1.08B | +$19.8M | ||||||||
| Bank Montreal QueCOM · shares +97% · price +17.6% | 0.84% | $1.07B | +$81.1M | ||||||||
| Marvell Technology IncCOM · shares +41% · price +8.6% | 0.84% | $1.07B | +$60.0M | ||||||||
| Canadian Pacific Kansas CityCOM · shares +24% · price −6.2% | 0.81% | $1.03B | −$55.3M | ||||||||
| Blackrock IncCOM · shares −5.5% · price +11.1% | 0.80% | $1.02B | +$102.3M | ||||||||
| Canadian Natl Ry CoCOM · shares +123% · price −9.5% | 0.78% | $993.5M | −$46.8M | ||||||||
| SalesforceCOM · shares +64% · price −13.1% | 0.77% | $981.5M | −$90.3M | ||||||||
| Total · 990 positions | 100% | $127.26B | +$6.42B |
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 Q2 2025 to Q3 2025: 883 stocks held throughout, up $6.42B (+6.3%).
- Agnico Eagle Mines Ltd+$791.9M+41%
- Alphabet+$746.4M+38%
- Shopify Inc+$635.6M+29%
- Apple+$507.4M+24%
- Franco Nev Corp+$400.9M+36%
- Adobe−$86.0M−9%
- Salesforce−$90.3M−13%
- Texas Instruments−$174.3M−12%
- Western Digital1:12 split−$551.3M−84%
- Hdfc Bank Ltd−$603.2M−55%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 2 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 | $139.27B+8% | SEC ↗ |
| Q1 2026 | May 15, 2026 | $128.75B−4% | SEC ↗ |
| Q4 2025 | Feb 17, 2026 | $133.60B+5% | SEC ↗ |
| Q3 2025 | Nov 13, 2025 | $127.26B+9% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $117.10B+11% | SEC ↗ |
| Q1 2025 | May 12, 2025 | $105.25B−2% | SEC ↗ |
| Q4 2024 | Feb 13, 2025 | $107.04B−3% | SEC ↗ |
| Q3 2024 | Nov 13, 2024 | $110.32B+9% | SEC ↗ |
| Q2 2024 | Aug 13, 2024 | $101.14B+0% | SEC ↗ |
| Q1 2024 | May 13, 2024 | $100.86B+6% | SEC ↗ |
| Q4 2023 | Feb 13, 2024 | $95.18B+12% | SEC ↗ |
| Q3 2023 | Nov 13, 2023 | $84.91B−5% | SEC ↗ |
| Q2 2023 | Aug 11, 2023 | $89.00B+2% | SEC ↗ |
| Q1 2023 | May 11, 2023 | $87.18B+5% | SEC ↗ |
| Q4 2022 | Feb 13, 2023 | $83.33B+7% | SEC ↗ |
| Q3 2022 | Nov 10, 2022 | $77.76B−7% | SEC ↗ |
| Q2 2022 | Aug 12, 2022 | $84.03B−14% | SEC ↗ |
| Q1 2022 | May 13, 2022 | $97.56B+0% | SEC ↗ |
| Q4 2021 | Feb 14, 2022 | $97.50B+8% | SEC ↗ |
| Q3 2021 | Nov 15, 2021 | $90.05B−3% | SEC ↗ |
| Q2 2021 | Aug 13, 2021 | $93.16B+6% | SEC ↗ |
| Q1 2021 | May 14, 2021 | $87.86B+8% | SEC ↗ |
| Q4 2020 | Mar 23, 2021 (amended) | $81.21B+1% | SEC ↗ |
| Q3 2020 | Nov 13, 2020 | $80.63B+9% | SEC ↗ |
| Q2 2020 | Aug 13, 2020 | $74.16B+22% | SEC ↗ |
| Q1 2020 | May 14, 2020 | $60.86B−16% | SEC ↗ |
| Q4 2019 | Feb 7, 2020 | $72.13B+9% | SEC ↗ |
| Q3 2019 | Nov 13, 2019 | $66.13B−0% | SEC ↗ |
| Q2 2019 | Aug 13, 2019 | $66.34B+4% | SEC ↗ |
| Q1 2019 | May 13, 2019 | $63.83B+13% | SEC ↗ |
| Q4 2018 | Feb 13, 2019 | $56.35B−17% | SEC ↗ |
| Q3 2018 | Nov 9, 2018 | $67.62B+2% | SEC ↗ |
| Q2 2018 | Aug 10, 2018 | $66.31B+82% | SEC ↗ |
| Q1 2018 | May 14, 2018 | $36.38B+1% | SEC ↗ |
| Q4 2017 | Feb 12, 2018 | $35.93B+3% | SEC ↗ |
| Q3 2017 | Nov 13, 2017 | $34.88B+1% | SEC ↗ |
| Q2 2017 | Aug 29, 2017 (amended) | $34.67B−2% | SEC ↗ |
| Q1 2017 | May 11, 2017 | $35.55B+4% | SEC ↗ |
| Q4 2016 | Feb 10, 2017 | $34.11B+2% | SEC ↗ |
| Q3 2016 | Nov 14, 2016 | $33.41B+6% | SEC ↗ |
| Q2 2016 | Aug 11, 2016 | $31.39B−3% | SEC ↗ |
| Q1 2016 | May 16, 2016 | $32.30B | SEC ↗ |