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← Fidelity (FMR LLC), its record

Fidelity (FMR LLC) and Capital World Investors: where the books meet

At Q2 2026, at least 45% of the two 13F books was the same, across 235 stocks both listed, against 34% 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%22%45%Q2 2013: 34%, 199 in bothQ3 2013: 34%, 205 in bothQ4 2013: 34%, 201 in bothQ1 2014: 34%, 200 in both14Q2 2014: 33%, 195 in bothQ3 2014: 33%, 203 in bothQ4 2014: 34%, 208 in bothQ1 2015: 31%, 196 in both15Q2 2015: 32%, 196 in bothQ3 2015: 32%, 197 in bothQ4 2015: 34%, 198 in bothQ1 2016: 34%, 195 in both16Q2 2016: 34%, 206 in bothQ3 2016: 34%, 207 in bothQ4 2016: 38%, 212 in bothQ1 2017: 39%, 217 in both17Q2 2017: 39%, 212 in bothQ3 2017: 39%, 207 in bothQ4 2017: 39%, 202 in bothQ1 2018: 39%, 206 in both18Q2 2018: 41%, 221 in bothQ3 2018: 40%, 229 in bothQ4 2018: 40%, 221 in bothQ1 2019: 40%, 218 in both19Q2 2019: 40%, 215 in bothQ3 2019: 39%, 211 in bothQ4 2019: 40%, 212 in bothQ1 2020: 42%, 208 in both20Q2 2020: 41%, 210 in bothQ3 2020: 40%, 208 in bothQ4 2020: 38%, 207 in bothQ1 2021: 38%, 210 in both21Q2 2021: 38%, 218 in bothQ3 2021: 38%, 217 in bothQ4 2021: 38%, 219 in bothQ1 2022: 37%, 216 in both22Q2 2022: 39%, 222 in bothQ3 2022: 39%, 236 in bothQ4 2022: 39%, 233 in bothQ1 2023: 39%, 228 in both23Q2 2023: 40%, 230 in bothQ3 2023: 40%, 231 in bothQ4 2023: 40%, 226 in bothQ1 2024: 42%, 233 in both24Q2 2024: 44%, 223 in bothQ3 2024: 43%, 221 in bothQ4 2024: 43%, 232 in bothQ1 2025: 43%, 225 in both25Q2 2025: 44%, 235 in bothQ3 2025: 44%, 233 in bothQ4 2025: 44%, 231 in bothQ1 2026: 44%, 231 in both26Q2 2026: 45%, 235 in both
  • Q2 2013: 34%, 199 in both
  • Q3 2013: 34%, 205 in both
  • Q4 2013: 34%, 201 in both
  • Q1 2014: 34%, 200 in both
  • Q2 2014: 33%, 195 in both
  • Q3 2014: 33%, 203 in both
  • Q4 2014: 34%, 208 in both
  • Q1 2015: 31%, 196 in both
  • Q2 2015: 32%, 196 in both
  • Q3 2015: 32%, 197 in both
  • Q4 2015: 34%, 198 in both
  • Q1 2016: 34%, 195 in both
  • Q2 2016: 34%, 206 in both
  • Q3 2016: 34%, 207 in both
  • Q4 2016: 38%, 212 in both
  • Q1 2017: 39%, 217 in both
  • Q2 2017: 39%, 212 in both
  • Q3 2017: 39%, 207 in both
  • Q4 2017: 39%, 202 in both
  • Q1 2018: 39%, 206 in both
  • Q2 2018: 41%, 221 in both
  • Q3 2018: 40%, 229 in both
  • Q4 2018: 40%, 221 in both
  • Q1 2019: 40%, 218 in both
  • Q2 2019: 40%, 215 in both
  • Q3 2019: 39%, 211 in both
  • Q4 2019: 40%, 212 in both
  • Q1 2020: 42%, 208 in both
  • Q2 2020: 41%, 210 in both
  • Q3 2020: 40%, 208 in both
  • Q4 2020: 38%, 207 in both
  • Q1 2021: 38%, 210 in both
  • Q2 2021: 38%, 218 in both
  • Q3 2021: 38%, 217 in both
  • Q4 2021: 38%, 219 in both
  • Q1 2022: 37%, 216 in both
  • Q2 2022: 39%, 222 in both
  • Q3 2022: 39%, 236 in both
  • Q4 2022: 39%, 233 in both
  • Q1 2023: 39%, 228 in both
  • Q2 2023: 40%, 230 in both
  • Q3 2023: 40%, 231 in both
  • Q4 2023: 40%, 226 in both
  • Q1 2024: 42%, 233 in both
  • Q2 2024: 44%, 223 in both
  • Q3 2024: 43%, 221 in both
  • Q4 2024: 43%, 232 in both
  • Q1 2025: 43%, 225 in both
  • Q2 2025: 44%, 235 in both
  • Q3 2025: 44%, 233 in both
  • Q4 2025: 44%, 231 in both
  • Q1 2026: 44%, 231 in both
  • Q2 2026: 45%, 235 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.

StockFidelity (FMR LLC)Capital World Investors
Alphabet Inc(GOOGL)3.9%Added3.1%Added
Nvidia Corp(NVDA)8.9%Added2.6%Trimmed
Microsoft Corp(MSFT)3.0%Trimmed2.4%Trimmed
Broadcom Inc(AVGO)2.4%Added5.4%Added
Facebook Inc(META)2.3%Trimmed2.7%Trimmed
Alphabet Inc(GOOG)1.9%Added1.8%Trimmed
Amazon Com Inc(AMZN)3.8%Added1.7%Added
Lilly Eli & Co(LLY)1.5%Added2.3%Added
Apple Inc(AAPL)4.1%Added1.3%Added
Micron Technology Inc(MU)1.3%Trimmed4.0%Trimmed
Taiwan Semiconductor MFG LTD(TSM)1.2%Trimmed1.9%Added
Tesla MTRS Inc(TSLA)0.7%Added2.3%Added
Western Digital Corp(WDC)0.7%Trimmed1.3%Added
Ge Vernova LLC(GEV)0.8%Trimmed0.7%Added
General Electric Co(GE)0.8%Trimmed0.7%Added
Visa Inc(V)0.6%Trimmed1.1%Added
Intel Corp(INTC)0.6%Added0.9%Trimmed
Kla-tencor Corp(KLAC)0.6%Added1.6%Added
Boeing Co(BA)0.6%Added0.8%Added
Unitedhealth Group Inc(UNH)0.5%Added1.5%Added

and 215 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)Fidelity (FMR LLC) added; Capital World Investors trimmed
  • Alphabet Inc(GOOG)Fidelity (FMR LLC) added; Capital World Investors trimmed
  • Taiwan Semiconductor MFG LTD(TSM)Fidelity (FMR LLC) trimmed; Capital World Investors added
  • Philip Morris Intl Inc(PM)Fidelity (FMR LLC) added; Capital World Investors trimmed
  • Ge Vernova LLC(GEV)Fidelity (FMR LLC) trimmed; Capital World Investors added
  • Exxon Mobil Corp(XOM)Fidelity (FMR LLC) trimmed; Capital World Investors added
  • General Electric Co(GE)Fidelity (FMR LLC) trimmed; Capital World Investors added
  • Western Digital Corp(WDC)Fidelity (FMR LLC) trimmed; Capital World Investors added
  • Visa Inc(V)Fidelity (FMR LLC) trimmed; Capital World Investors added
  • Intel Corp(INTC)Fidelity (FMR LLC) added; Capital World Investors trimmed
  • Vertex Pharmaceuticals Inc(VRTX)Fidelity (FMR LLC) trimmed; Capital World Investors added
  • Amphenol Corp New(APH)Fidelity (FMR LLC) trimmed; Capital World Investors added
Fidelity (FMR LLC): the recordCapital World Investors: the record

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