Fidelity reduced its stakes in SpaceX, Amazon, and Nvidia, according to its quarterly 13F filings with the SEC. In the second quarter of 2026, its roughly $2.3 trillion equity portfolio included nearly 14,000 holdings, with Nvidia valued at $205.3 billion, Amazon at $87.2 billion, and SpaceX at $51.7 billion. All three nevertheless remained among its largest positions, representing approximately 8.91%, 3.78%, and 2.24% of the portfolio, respectively. Fidelity did not explain the transactions, which may have resulted from rebalancing intended to limit portfolio concentration. The disclosures are backward-looking and exclude short positions and derivatives; the third-quarter 2026 filings, due in mid-November, should show whether the reductions continued.
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