13F
中
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FMR LLC

13F equity value
$1.90T
Positions
5,411
Top 10 concentration
34.2%
Quarters / total new picks
32 / 1,825
13F equity value over time
$0M$981B$2.0T2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 32 quarters, returned +3.7% per quarter — versus +2.7% per quarter from simply owning every 13F stock. It beat that baseline in only 50.0% of quarters (excess t = 1.16, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+2.0%
t-stat
1.16
Quarterly win rate
50%
Annualized excess
+2.6%
$1 → follow vs universe
$2.52 vs $2.09
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320181231: universe 0.99220190331: universe 0.97520190630: universe 1.04820190930: universe 1.12720191231: universe 0.90920200331: universe 1.09620200630: universe 1.21120200930: universe 1.48520201231: universe 1.55320210331: universe 1.56620210630: universe 1.69220210930: universe 1.51920211231: universe 1.29220220331: universe 1.38720220630: universe 1.28520220930: universe 1.38120221231: universe 1.28220230331: universe 1.35120230630: universe 1.30320230930: universe 1.47920231231: universe 1.54520240331: universe 1.58020240630: universe 1.72320240930: universe 1.70820241231: universe 1.59420250331: universe 1.73820250630: universe 1.79320250930: universe 2.01620251231: universe 2.085 20180331: follow 1.04720180630: follow 0.95820180930: follow 1.01120181231: follow 0.98620190331: follow 0.95320190630: follow 1.02720190930: follow 1.09920191231: follow 0.87520200331: follow 1.25420200630: follow 1.40520200930: follow 1.82920201231: follow 1.87820210331: follow 1.98020210630: follow 2.21420210930: follow 1.92220211231: follow 1.60820220331: follow 1.74120220630: follow 1.52920220930: follow 1.71120221231: follow 1.63620230331: follow 1.69520230630: follow 1.54220230930: follow 1.74920231231: follow 1.83620240331: follow 1.86120240630: follow 2.06920240930: follow 1.81220241231: follow 1.72920250331: follow 1.87420250630: follow 1.78220250930: follow 2.11720251231: follow 2.519 0.81 1.76 2.72 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 5411 · 2026 Q1

Ticker Value Weight QoQ
NVDA $173.3B
9.1%
ADD
AAPL $78.0B
4.1%
HOLD
AMZN $74.7B
3.9%
ADD
MSFT $70.4B
3.7%
TRIM
GOOGL $68.0B
3.6%
ADD
META $66.7B
3.5%
TRIM
AVGO $38.4B
2.0%
HOLD
GOOG $31.1B
1.6%
HOLD
LLY $24.2B
1.3%
ADD
XOM $23.8B
1.3%
ADD
TSM $20.4B
1.1%
HOLD
NFLX $19.7B
1.0%
ADD
GEV $16.0B
0.8%
TRIM
GE $14.6B
0.8%
TRIM
V $13.6B
0.7%
TRIM
TSLA $13.4B
0.7%
TRIM
MRVL $13.0B
0.7%
ADD
WFC $12.9B
0.7%
TRIM
BRK/A $12.2B
0.6%
TRIM
MA $12.1B
0.6%
TRIM

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

ACESAKAMAMCRANGXARISARKKAVBCAVBHAVIVBCDBILSBONDBWZCGAUCGCBCGCPCGMSCGNGCOMTCOSOCRTODBMFDFAWDFSDDFSEDLOEMLPENGNEVMNFBIO

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.