Fideuram Asset Management (Ireland) dac
$5.3B in tracked AUM across 742 positions as of Q2 2026.
Fideuram Asset Management (Ireland)'s 445-position book contracted 37.5% this quarter, from $1.26 billion to $786.7 million, and the mega-cap tech core that anchored the portfolio took the deepest cuts: Apple's share count was slashed 88% ($55.6 million reduction), Alphabet 85%, Microsoft 83%, Broadcom 68%, Applied Materials 62%, Nvidia 57%, and Exxon Mobil 57% — a set of reductions far too varied in size to read as a simple pro-rata liquidation, and instead consistent with a deliberate move away from the fund's former mega-cap-tech center of gravity. In their place, 38 new positions entered the book, led by Curtiss-Wright, the aerospace and defense supplier ($17.4 million), United Rentals ($14.9 million), Welltower, the healthcare REIT ($10.1 million), Royal Bank of Canada ($10.1 million), and Estee Lauder ($9.4 million) — a noticeably more industrial, financial, and consumer-staples-tilted set of names. On the exit side, Amazon ($26.3 million), Salesforce ($24.5 million), Teradyne ($22.9 million), Palantir ($20.1 million), and Tesla ($15.2 million) were all fully sold. With Nvidia now the largest position at just 3.1% of a much smaller, much more fragmented book, this reads less like trimming winners and more like a wholesale strategic reset.
Quarter at a glance — Q2 2026
Position-change comparison pending.
Top 10 holdings
By portfolio weight as of Q2 2026.