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← Fidelity (FMR LLC), its record

Fidelity (FMR LLC) and Neuberger Berman Group LLC: where the books meet

At Q2 2026, at least 47% of the two 13F books was the same, across 234 stocks both listed, against 30% 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%24%47%Q2 2013: 30%, 209 in bothQ3 2013: 29%, 210 in bothQ4 2013: 28%, 208 in bothQ1 2014: 27%, 199 in both14Q2 2014: 27%, 201 in bothQ3 2014: 27%, 201 in bothQ4 2014: 28%, 209 in bothQ1 2015: 28%, 204 in both15Q2 2015: 29%, 202 in bothQ3 2015: 29%, 218 in bothQ4 2015: 31%, 216 in bothQ1 2016: 31%, 212 in both16Q2 2016: 31%, 215 in bothQ3 2016: 30%, 211 in bothQ4 2016: 30%, 210 in bothQ1 2017: 29%, 206 in both17Q2 2017: 29%, 206 in bothQ3 2017: 29%, 199 in bothQ4 2017: 30%, 208 in bothQ1 2018: 29%, 208 in both18Q2 2018: 28%, 205 in bothQ3 2018: 30%, 211 in bothQ4 2018: 32%, 207 in bothQ1 2019: 32%, 208 in both19Q2 2019: 32%, 211 in bothQ3 2019: 34%, 220 in bothQ4 2019: 33%, 214 in bothQ1 2020: 36%, 229 in both20Q2 2020: 36%, 225 in bothQ3 2020: 36%, 229 in bothQ4 2020: 34%, 222 in bothQ1 2021: 35%, 227 in both21Q2 2021: 35%, 230 in bothQ3 2021: 35%, 224 in bothQ4 2021: 37%, 233 in bothQ1 2022: 37%, 232 in both22Q2 2022: 38%, 229 in bothQ3 2022: 38%, 240 in bothQ4 2022: 38%, 235 in bothQ1 2023: 38%, 240 in both23Q2 2023: 39%, 235 in bothQ3 2023: 40%, 233 in bothQ4 2023: 40%, 226 in bothQ1 2024: 41%, 234 in both24Q2 2024: 43%, 229 in bothQ3 2024: 42%, 235 in bothQ4 2024: 43%, 232 in bothQ1 2025: 42%, 235 in both25Q2 2025: 44%, 230 in bothQ3 2025: 45%, 230 in bothQ4 2025: 46%, 230 in bothQ1 2026: 45%, 232 in both26Q2 2026: 47%, 234 in both
  • Q2 2013: 30%, 209 in both
  • Q3 2013: 29%, 210 in both
  • Q4 2013: 28%, 208 in both
  • Q1 2014: 27%, 199 in both
  • Q2 2014: 27%, 201 in both
  • Q3 2014: 27%, 201 in both
  • Q4 2014: 28%, 209 in both
  • Q1 2015: 28%, 204 in both
  • Q2 2015: 29%, 202 in both
  • Q3 2015: 29%, 218 in both
  • Q4 2015: 31%, 216 in both
  • Q1 2016: 31%, 212 in both
  • Q2 2016: 31%, 215 in both
  • Q3 2016: 30%, 211 in both
  • Q4 2016: 30%, 210 in both
  • Q1 2017: 29%, 206 in both
  • Q2 2017: 29%, 206 in both
  • Q3 2017: 29%, 199 in both
  • Q4 2017: 30%, 208 in both
  • Q1 2018: 29%, 208 in both
  • Q2 2018: 28%, 205 in both
  • Q3 2018: 30%, 211 in both
  • Q4 2018: 32%, 207 in both
  • Q1 2019: 32%, 208 in both
  • Q2 2019: 32%, 211 in both
  • Q3 2019: 34%, 220 in both
  • Q4 2019: 33%, 214 in both
  • Q1 2020: 36%, 229 in both
  • Q2 2020: 36%, 225 in both
  • Q3 2020: 36%, 229 in both
  • Q4 2020: 34%, 222 in both
  • Q1 2021: 35%, 227 in both
  • Q2 2021: 35%, 230 in both
  • Q3 2021: 35%, 224 in both
  • Q4 2021: 37%, 233 in both
  • Q1 2022: 37%, 232 in both
  • Q2 2022: 38%, 229 in both
  • Q3 2022: 38%, 240 in both
  • Q4 2022: 38%, 235 in both
  • Q1 2023: 38%, 240 in both
  • Q2 2023: 39%, 235 in both
  • Q3 2023: 40%, 233 in both
  • Q4 2023: 40%, 226 in both
  • Q1 2024: 41%, 234 in both
  • Q2 2024: 43%, 229 in both
  • Q3 2024: 42%, 235 in both
  • Q4 2024: 43%, 232 in both
  • Q1 2025: 42%, 235 in both
  • Q2 2025: 44%, 230 in both
  • Q3 2025: 45%, 230 in both
  • Q4 2025: 46%, 230 in both
  • Q1 2026: 45%, 232 in both
  • Q2 2026: 47%, 234 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)Neuberger Berman Group LLC
Nvidia Corp(NVDA)8.9%Added4.1%Added
Apple Inc(AAPL)4.1%Added3.3%Added
Amazon Com Inc(AMZN)3.8%Added3.1%Added
Microsoft Corp(MSFT)3.0%Trimmed2.6%Trimmed
Alphabet Inc(GOOGL)3.9%Added2.4%Added
Alphabet Inc(GOOG)1.9%Added2.1%Added
Lilly Eli & Co(LLY)1.5%Added1.4%Trimmed
Broadcom Inc(AVGO)2.4%Added1.0%Trimmed
Facebook Inc(META)2.3%Trimmed0.9%Added
Micron Technology Inc(MU)1.3%Trimmed0.7%Trimmed
General Electric Co(GE)0.8%Trimmed0.7%Trimmed
Visa Inc(V)0.6%Trimmed0.7%Trimmed
Advanced Micro Devices Inc(AMD)0.6%Added0.6%Trimmed
Intel Corp(INTC)0.6%Added0.6%Trimmed
Exxon Mobil Corp(XOM)0.8%Trimmed0.6%Trimmed
Amphenol Corp New(APH)0.5%Trimmed0.7%Added
Asml Holding N V(ASML)0.5%Added1.0%Added
Lam Research Corp(LRCX)0.6%Added0.5%Added
Mastercard Inc(MA)0.5%Trimmed0.4%Trimmed
Taiwan Semiconductor MFG LTD(TSM)1.2%Trimmed0.4%Trimmed

and 214 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.

  • Broadcom Inc(AVGO)Fidelity (FMR LLC) added; Neuberger Berman Group LLC trimmed
  • Facebook Inc(META)Fidelity (FMR LLC) trimmed; Neuberger Berman Group LLC added
  • Lilly Eli & Co(LLY)Fidelity (FMR LLC) added; Neuberger Berman Group LLC trimmed
  • Ge Vernova LLC(GEV)Fidelity (FMR LLC) trimmed; Neuberger Berman Group LLC added
  • Marvell Technology Inc(MRVL)Fidelity (FMR LLC) trimmed; Neuberger Berman Group LLC added
  • Western Digital Corp(WDC)Fidelity (FMR LLC) trimmed; Neuberger Berman Group LLC added
  • Advanced Micro Devices Inc(AMD)Fidelity (FMR LLC) added; Neuberger Berman Group LLC trimmed
  • Intel Corp(INTC)Fidelity (FMR LLC) added; Neuberger Berman Group LLC trimmed
  • Amphenol Corp New(APH)Fidelity (FMR LLC) trimmed; Neuberger Berman Group LLC added
  • Astera Labs Inc(ALAB)Fidelity (FMR LLC) trimmed; Neuberger Berman Group LLC added
  • Berkshire Hathaway Inc DelFidelity (FMR LLC) trimmed; Neuberger Berman Group LLC added
  • Ciena Corp(CIEN)Fidelity (FMR LLC) trimmed; Neuberger Berman Group LLC added
Fidelity (FMR LLC): the recordNeuberger Berman Group LLC: the record

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