FIL Ltd

FIL Ltd, the international arm of the Fidelity organization, held $128.7B across 1,826 U.S.-listed positions — and its top of book looks unlike most U.S. managers. Microsoft (2.9%) leads, but Royal Bank of Canada (2.8%), Agnico Eagle Mines (2.0%) and Toronto-Dominion (1.9%) sit alongside the usual megacaps, reflecting a heavy Canadian and resources tilt. In Q1 the firm leaned further into energy and materials, adding Suncor (+$989M), Texas Instruments (+$462M) and Canadian Pacific Kansas City (+$426M), and opening a new Cenovus Energy stake. It trimmed Shopify (-$798M), Bank of Nova Scotia and Toronto-Dominion. Assets declined from $133.6B to $128.7B.