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← ExodusPoint Capital Management LP, its record

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

At Q2 2026, at least 22% of the two 13F books was the same, across 155 stocks both listed, against 11% at Q4 2018. 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%12%24%Q4 2018: 11%, 110 in bothQ1 2019: 11%, 147 in both19Q2 2019: 12%, 163 in bothQ3 2019: 18%, 182 in bothQ4 2019: 16%, 192 in bothQ1 2020: 21%, 208 in both20Q2 2020: 18%, 189 in bothQ3 2020: 16%, 187 in bothQ4 2020: 24%, 198 in bothQ1 2021: 17%, 173 in both21Q2 2021: 23%, 181 in bothQ3 2021: 18%, 191 in bothQ4 2021: 21%, 184 in bothQ1 2022: 17%, 171 in both22Q2 2022: 20%, 205 in bothQ3 2022: 18%, 193 in bothQ4 2022: 19%, 197 in bothQ1 2023: 17%, 186 in both23Q2 2023: 17%, 192 in bothQ3 2023: 18%, 192 in bothQ4 2023: 13%, 163 in bothQ1 2024: 21%, 157 in both24Q2 2024: 18%, 157 in bothQ3 2024: 17%, 162 in bothQ4 2024: 17%, 160 in bothQ1 2025: 14%, 151 in both25Q2 2025: 15%, 179 in bothQ3 2025: 18%, 155 in bothQ4 2025: 23%, 158 in bothQ1 2026: 19%, 163 in both26Q2 2026: 22%, 155 in both
  • Q4 2018: 11%, 110 in both
  • Q1 2019: 11%, 147 in both
  • Q2 2019: 12%, 163 in both
  • Q3 2019: 18%, 182 in both
  • Q4 2019: 16%, 192 in both
  • Q1 2020: 21%, 208 in both
  • Q2 2020: 18%, 189 in both
  • Q3 2020: 16%, 187 in both
  • Q4 2020: 24%, 198 in both
  • Q1 2021: 17%, 173 in both
  • Q2 2021: 23%, 181 in both
  • Q3 2021: 18%, 191 in both
  • Q4 2021: 21%, 184 in both
  • Q1 2022: 17%, 171 in both
  • Q2 2022: 20%, 205 in both
  • Q3 2022: 18%, 193 in both
  • Q4 2022: 19%, 197 in both
  • Q1 2023: 17%, 186 in both
  • Q2 2023: 17%, 192 in both
  • Q3 2023: 18%, 192 in both
  • Q4 2023: 13%, 163 in both
  • Q1 2024: 21%, 157 in both
  • Q2 2024: 18%, 157 in both
  • Q3 2024: 17%, 162 in both
  • Q4 2024: 17%, 160 in both
  • Q1 2025: 14%, 151 in both
  • Q2 2025: 15%, 179 in both
  • Q3 2025: 18%, 155 in both
  • Q4 2025: 23%, 158 in both
  • Q1 2026: 19%, 163 in both
  • Q2 2026: 22%, 155 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.

StockExodusPoint Capital Management LPFidelity (FMR LLC)
Amazon Com Inc(AMZN)4.2%Added3.8%Added
Apple Inc(AAPL)3.2%Added4.1%Added
Space Exploration Techn Corp(SPCX)2.1%New2.2%New
Nvidia Corp(NVDA)1.8%Trimmed8.9%Added
Microsoft Corp(MSFT)0.6%Added3.0%Trimmed
Intel Corp(INTC)0.4%Added0.6%Added
Shopify Inc(SHOP)0.7%New0.2%Added
Berkshire Hathaway Inc Del(BRK-B)0.3%New0.2%Trimmed
Home Depot Inc(HD)0.2%New0.3%Added
Costco WHSL Corp New(COST)0.2%Added0.3%Trimmed
Cisco Sys Inc(CSCO)0.2%Added0.4%Added
Crh plc(CRH)0.2%Trimmed0.2%Trimmed
Oracle Corp(ORCL)0.2%Added0.2%Added
Hilton Worldwide HLDGS Inc(HLT)0.2%Added0.2%Trimmed
SanDisk Corp(SNDK)0.2%Trimmed0.8%Trimmed
Visa Inc(V)0.2%Added0.6%Trimmed
Wells Fargo Co New(WFC)0.2%Added0.5%Trimmed
Advanced Micro Devices Inc(AMD)0.1%Added0.6%Added
The Charles Schwab Corporati(SCHW)0.1%Added0.2%Added
Facebook Inc(META)0.1%Trimmed2.3%Trimmed

and 135 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.

  • Nvidia Corp(NVDA)ExodusPoint Capital Management LP trimmed; Fidelity (FMR LLC) added
  • Microsoft Corp(MSFT)ExodusPoint Capital Management LP added; Fidelity (FMR LLC) trimmed
  • Lilly Eli & Co(LLY)ExodusPoint Capital Management LP trimmed; Fidelity (FMR LLC) added
  • Tesla Inc(TSLA)ExodusPoint Capital Management LP trimmed; Fidelity (FMR LLC) added
  • Visa Inc(V)ExodusPoint Capital Management LP added; Fidelity (FMR LLC) trimmed
  • Lam Research Corp(LRCX)ExodusPoint Capital Management LP trimmed; Fidelity (FMR LLC) added
  • Wells Fargo Co New(WFC)ExodusPoint Capital Management LP added; Fidelity (FMR LLC) trimmed
  • Unitedhealth Group Inc(UNH)ExodusPoint Capital Management LP trimmed; Fidelity (FMR LLC) added
  • Asml Holding N V(ASML)ExodusPoint Capital Management LP trimmed; Fidelity (FMR LLC) added
  • Applied Matls Inc(AMAT)ExodusPoint Capital Management LP trimmed; Fidelity (FMR LLC) added
  • Crowdstrike HLDGS Inc(CRWD)ExodusPoint Capital Management LP trimmed; Fidelity (FMR LLC) added
  • Imperial Oil LTD(IMO)ExodusPoint Capital Management LP started; Fidelity (FMR LLC) trimmed
ExodusPoint Capital Management LP: the recordFidelity (FMR LLC): the record

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