Fidelity Investments has reduced its holdings in Nvidia, Amazon, and SpaceX, according to the firm's Q2 2026 13F filing with the SEC. Despite these adjustments, all three companies remain significant components of the firm's equity portfolio, which totals approximately $2.3 trillion across nearly 14,000 positions.
Nvidia remains the largest holding in the portfolio, with a stake valued at approximately $205.3 billion, representing about 8.91% of the total assets. Fidelity's position in Amazon is valued at roughly $87.2 billion, accounting for approximately 3.78% of the portfolio.
The firm reported holding approximately 302.5 million shares of SpaceX, valued at around $51.7 billion. SpaceX went public in June 2026, and these adjustments may reflect typical shareholder base shifts following an initial listing.
Market data indicates that 10 institutional managers engaged in net selling of Nvidia during Q2 2026. Analysts suggest these moves may reflect broader institutional caution regarding high-valuation technology stocks and the ongoing debate over AI infrastructure spending.
Fidelity's 13F filings do not include derivatives or short positions, meaning the reported data does not capture potential hedging strategies. The next update on the firm's equity positions is expected in mid-November, when Q3 2026 filings are released.
