L3VLUP
ProSign in
← AQR Capital Management LLC, its record

AQR Capital Management LLC and Fidelity (FMR LLC): where the books meet

At Q2 2026, at least 35% of the two 13F books was the same, across 240 stocks both listed, against 31% at Q2 2013. Overlap is the smaller of each shared stock’s two weights, added up: the part of one book that could be swapped for the other’s without a trade.

Overlap by quarter
0%21%42%Q2 2013: 31%, 203 in bothQ3 2013: 30%, 206 in bothQ4 2013: 32%, 219 in bothQ1 2014: 33%, 225 in both14Q2 2014: 33%, 231 in bothQ3 2014: 33%, 223 in bothQ4 2014: 34%, 243 in bothQ1 2015: 36%, 250 in both15Q2 2015: 36%, 251 in bothQ3 2015: 36%, 253 in bothQ4 2015: 34%, 255 in bothQ1 2016: 33%, 243 in both16Q2 2016: 32%, 242 in bothQ3 2016: 31%, 238 in bothQ4 2016: 31%, 233 in bothQ1 2017: 31%, 239 in both17Q2 2017: 32%, 248 in bothQ3 2017: 34%, 241 in bothQ4 2017: 35%, 245 in bothQ1 2018: 34%, 230 in both18Q2 2018: 35%, 239 in bothQ3 2018: 35%, 230 in bothQ4 2018: 35%, 232 in bothQ1 2019: 35%, 236 in both19Q2 2019: 36%, 233 in bothQ3 2019: 35%, 231 in bothQ4 2019: 35%, 231 in bothQ1 2020: 39%, 241 in both20Q2 2020: 42%, 247 in bothQ3 2020: 42%, 244 in bothQ4 2020: 41%, 233 in bothQ1 2021: 39%, 241 in both21Q2 2021: 39%, 238 in bothQ3 2021: 38%, 228 in bothQ4 2021: 39%, 227 in bothQ1 2022: 38%, 229 in both22Q2 2022: 36%, 220 in bothQ3 2022: 37%, 226 in bothQ4 2022: 36%, 227 in bothQ1 2023: 36%, 227 in both23Q2 2023: 36%, 227 in bothQ3 2023: 35%, 226 in bothQ4 2023: 36%, 232 in bothQ1 2024: 37%, 231 in both24Q2 2024: 37%, 228 in bothQ3 2024: 36%, 232 in bothQ4 2024: 36%, 235 in bothQ1 2025: 34%, 229 in both25Q2 2025: 32%, 242 in bothQ3 2025: 33%, 236 in bothQ4 2025: 33%, 249 in bothQ1 2026: 34%, 247 in both26Q2 2026: 35%, 240 in both
  • Q2 2013: 31%, 203 in both
  • Q3 2013: 30%, 206 in both
  • Q4 2013: 32%, 219 in both
  • Q1 2014: 33%, 225 in both
  • Q2 2014: 33%, 231 in both
  • Q3 2014: 33%, 223 in both
  • Q4 2014: 34%, 243 in both
  • Q1 2015: 36%, 250 in both
  • Q2 2015: 36%, 251 in both
  • Q3 2015: 36%, 253 in both
  • Q4 2015: 34%, 255 in both
  • Q1 2016: 33%, 243 in both
  • Q2 2016: 32%, 242 in both
  • Q3 2016: 31%, 238 in both
  • Q4 2016: 31%, 233 in both
  • Q1 2017: 31%, 239 in both
  • Q2 2017: 32%, 248 in both
  • Q3 2017: 34%, 241 in both
  • Q4 2017: 35%, 245 in both
  • Q1 2018: 34%, 230 in both
  • Q2 2018: 35%, 239 in both
  • Q3 2018: 35%, 230 in both
  • Q4 2018: 35%, 232 in both
  • Q1 2019: 35%, 236 in both
  • Q2 2019: 36%, 233 in both
  • Q3 2019: 35%, 231 in both
  • Q4 2019: 35%, 231 in both
  • Q1 2020: 39%, 241 in both
  • Q2 2020: 42%, 247 in both
  • Q3 2020: 42%, 244 in both
  • Q4 2020: 41%, 233 in both
  • Q1 2021: 39%, 241 in both
  • Q2 2021: 39%, 238 in both
  • Q3 2021: 38%, 228 in both
  • Q4 2021: 39%, 227 in both
  • Q1 2022: 38%, 229 in both
  • Q2 2022: 36%, 220 in both
  • Q3 2022: 37%, 226 in both
  • Q4 2022: 36%, 227 in both
  • Q1 2023: 36%, 227 in both
  • Q2 2023: 36%, 227 in both
  • Q3 2023: 35%, 226 in both
  • Q4 2023: 36%, 232 in both
  • Q1 2024: 37%, 231 in both
  • Q2 2024: 37%, 228 in both
  • Q3 2024: 36%, 232 in both
  • Q4 2024: 36%, 235 in both
  • Q1 2025: 34%, 229 in both
  • Q2 2025: 32%, 242 in both
  • Q3 2025: 33%, 236 in both
  • Q4 2025: 33%, 249 in both
  • Q1 2026: 34%, 247 in both
  • Q2 2026: 35%, 240 in both

Only quarters both managers filed. Where either filing has more positions than are read each quarter, a stock both hold below that range is not counted, so the figure is a floor.

What the overlap is made of, Q2 2026

Stocks both listed, by the smaller of the two weights. A weight is the stock’s share of that manager’s reported book, which says how large the position is, not how strongly it is held.

StockAQR Capital Management LLCFidelity (FMR LLC)
Nvidia Corp(NVDA)2.6%Added8.9%Added
Apple Inc(AAPL)1.7%Added4.1%Added
Microsoft Corp(MSFT)1.5%Added3.0%Trimmed
Micron Technology Inc(MU)1.5%Trimmed1.3%Trimmed
Amazon Com Inc(AMZN)1.0%Added3.8%Added
Broadcom Inc(AVGO)0.9%Added2.4%Added
Alphabet Inc(GOOG)0.8%Added1.9%Added
Alphabet Inc(GOOGL)0.7%Added3.9%Added
Western Digital Corp(WDC)0.7%Trimmed0.7%Trimmed
Ge Vernova Inc(GEV)0.6%Added0.8%Trimmed
Lam Research Corp(LRCX)0.5%Added0.6%Added
Intel Corp(INTC)0.5%Trimmed0.6%Added
General Electric Co(GE)0.5%Trimmed0.8%Trimmed
Lilly Eli & Co(LLY)0.4%Added1.5%Added
Tesla MTRS Inc(TSLA)0.4%Added0.7%Added
Facebook Inc(META)0.4%Added2.3%Trimmed
Arista Networks Inc(ANET)0.3%Trimmed0.3%Trimmed
Seagate Technology Hldngs PL(STX)0.4%Added0.3%Trimmed
SanDisk Corp(SNDK)0.3%Trimmed0.8%Trimmed
Advanced Micro Devices Inc(AMD)0.3%Added0.6%Added

and 220 smaller ones

Moved different ways in Q2 2026

Stocks one manager started or added to while the other trimmed or sold out, between the same two quarter ends. A 13F shows the quarter ends, never when in between anything was bought or sold, or why.

  • Microsoft Corp(MSFT)AQR Capital Management LLC added; Fidelity (FMR LLC) trimmed
  • Facebook Inc(META)AQR Capital Management LLC added; Fidelity (FMR LLC) trimmed
  • Ge Vernova Inc(GEV)AQR Capital Management LLC added; Fidelity (FMR LLC) trimmed
  • Exxon Mobil Corp(XOM)AQR Capital Management LLC added; Fidelity (FMR LLC) trimmed
  • Marvell Technology Inc(MRVL)AQR Capital Management LLC added; Fidelity (FMR LLC) trimmed
  • Visa Inc(V)AQR Capital Management LLC added; Fidelity (FMR LLC) trimmed
  • Intel Corp(INTC)AQR Capital Management LLC trimmed; Fidelity (FMR LLC) added
  • Wells Fargo & Co New(WFC)AQR Capital Management LLC added; Fidelity (FMR LLC) trimmed
  • Mastercard Inc(MA)AQR Capital Management LLC added; Fidelity (FMR LLC) trimmed
  • Bank of America Corporation(BAC)AQR Capital Management LLC added; Fidelity (FMR LLC) trimmed
  • Ciena Corp(CIEN)AQR Capital Management LLC added; Fidelity (FMR LLC) trimmed
  • Cisco Sys Inc(CSCO)AQR Capital Management LLC trimmed; Fidelity (FMR LLC) added
AQR Capital Management LLC: the recordFidelity (FMR LLC): the record

Company names, tickers and logos are the trademarks of their respective owners and appear here to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, and nothing here is a statement by or about that company. More