FIL Ltd Q4 2025: $133B Giant Executes Staggering 2398% Netflix Position Jump

FIL Ltd Q4 2025: $133B Giant Executes Staggering 2398% Netflix Position Jump

FIL Ltd (Fidelity International) has disclosed an extraordinary tactical shift in its Q4 2025 13F filing, headlined by a massive 2398% increase in its Netflix (NFLX) holdings. The global asset management giant, which handles over $133 billion in reported US equity assets, also significantly expanded its stake in Oracle (ORCL) by over 1600%, marking a high-conviction rotation into dominant software and media platforms.

The 2398% Surge: A Trillion-Dollarconviction in Netflix

The most eye-catching move in the FIL Ltd portfolio was the aggressive accumulation of Netflix. The firm increased its share count from a modest 400,000 to over 10.02 million shares during the fourth quarter. This multibillion-dollar accumulation suggests that FIL Ltd is betting on a significant structural breakout for the streaming leader as it monetizes its ad-tier and expands into live sports and gaming.

Complementing this move, FIL Ltd also executed a 1606% boost to its Oracle (ORCL) position, growing it from 230,000 to nearly 4 million shares. These trades indicate a clear preference for large-cap tech names with proven free cash flow generation and clear AI monetization paths.

Core Anchors and Strategic Exits

While tech growth dominated the headlines, FIL Ltd remains anchored by its core holdings in Microsoft (MSFT) and Canadian banking leader Royal Bank of Canada (RY). These positions provide a stable foundation for the firm's more aggressive tactical rotations into growth names like Shopify (SHOP) and Amazon (AMZN).

Ticker	Company	Value ($B)	Change
MSFT	MICROSOFT CORP	$4.28	Held Flat
NFLX	NETFLIX INC	$0.94	+2398%
ORCL	ORACLE CORP	$0.77	+1606%
DELL	DELL TECHNOLOGIES	$0.00	Full Exit

To fund its massive new stakes, FIL Ltd completely exited its $475 million position in Dell Technologies (DELL) and liquidated several other large-cap hardware and semiconductor holdings. This exit suggests a rotation from hardware infrastructure toward software and content services.

Key Facts: FIL Ltd Q4 2025 Filing

• Canonical AUM: $133.60B
• WhaleScore: 70.50
• Top-10 Concentration: 21.7%
• New Positions: 62
• Exits: 62

For a detailed breakdown of all 1,705 positions, visit the full FIL Ltd Portfolio Profile.

What to Watch Next

• Netflix Ad-Tier Scaling: Will FIL Ltd's nearly 2400% increase pay off as Netflix expands its global advertising reach in 2026?
• Oracle Cloud Momentum: Watch for Oracle's upcoming earnings to see if its AI infrastructure and cloud partnerships justify the 1600% increase in FIL Ltd's exposure.
• Shopify Growth: As a top-five holding, any shift in SHOP in Q1 2026 will be a major signal for FIL Ltd's conviction in the e-commerce recovery.