FMR's $1.96T Filing Makes NVIDIA a 9.2% Centerpiece of a 36.4% Top-Ten Growth Core
FMR LLC gave NVIDIA a 9.23% weight in Q4 2025, with Microsoft, Apple, Meta, and Amazon behind it. The result is a giant filing that still carries clear growth concentration.
FMR LLC did something more explicit than most giant filers in Q4 2025: it made NVIDIA a 9.23% position. That is not just benchmark-scale ownership. Combined with Microsoft, Apple, Meta, and Amazon, the top five reach 26.47% and the top ten reach 36.44%. This is a large institution, but it is also a real growth-concentration story.
TL;DR
- 13F AUM: $1.96T.
- Largest position: NVDA at 9.23%.
- Top-5 concentration: 26.47%.
- Top-10 concentration: 36.44%.
- Main read: FMR is one of the clearer examples of giant-scale growth concentration.
- Compare with: Vanguard and JPMorgan to see how much more explicit FMR's concentration really is.
Filing Snapshot
| Metric | Value |
|---|---|
| 13F AUM | $1.96T |
| Largest position | NVDA at 9.23% |
| Top-3 weight | 18.45% |
| Top-5 weight | 26.47% |
| Top-10 weight | 36.44% |
FMR Top Holdings — Q4 2025 ($B)
NVIDIA Is Not Just Another Large Holding Here
At 9.23%, NVIDIA is large enough to become a defining element of the entire filing. That is the first important distinction between FMR and more breadth-heavy giants. This is not simply passive inheritance from market-cap structure. It is a level of weight that materially shapes the portfolio's sensitivity to AI infrastructure and semiconductor leadership.
The rest of the top book reinforces that read. Microsoft, Apple, Meta, and Amazon make the growth complex unmistakable. FMR has scale, but it is using that scale to stay clearly aligned with the market's leadership cluster.
FMR Concentration Markers in Q4 2025 (%)
Why This Filing Feels More Directional Than Vanguard or JPMorgan
The answer is concentration, not ticker list. Many giant filers own the same names. FMR is different because the weights are heavier. When the largest position is above 9% and the top ten exceed 36%, the filing starts to behave more like a giant concentrated growth book than a generalized market map.
Questions Investors Search For
Is FMR highly concentrated in NVIDIA?
Relative to other giant diversified filers, yes. A 9.23% weight is a very strong statement.
What does the top-ten concentration imply?
That a relatively small number of elite growth names drive a large share of the filing's behavior.
How is FMR different from Vanguard?
Both own the same leadership cohort, but FMR assigns more weight to the top names.
What is the main takeaway?
FMR combines giant scale with unusually explicit growth concentration.
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