FIL Ltd
Reported US equity positions for Q1 2026 — $128.7B across 1,822 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| MSFT Microsoft Corporation | $3.7B | 2.9% | 9,991,460 |
| RY Royal Bank Of Canada | $3.6B | 2.8% | 22,127,578 |
| GOOGL Alphabet Inc. | $3.0B | 2.3% | 10,278,696 |
| AMZN Amazon.com, Inc. | $2.7B | 2.1% | 12,954,081 |
| AAPL Apple Inc. | $2.6B | 2.0% | 10,094,057 |
| AEM Agnico Eagle Mines Limited | $2.6B | 2.0% | 12,617,456 |
| TD The Toronto Dominion Bank | $2.5B | 1.9% | 26,709,671 |
| SHOP Shopify Inc. - Class A Subordinate Voting Shares | $2.2B | 1.7% | 18,226,469 |
| TXN Texas Instruments Incorporated | $1.9B | 1.5% | 9,935,405 |
| SU Suncor Energy Inc. | $1.9B | 1.5% | 29,086,054 |
| NVDA NVIDIA Corporation | $1.8B | 1.4% | 10,268,131 |
| CNR Core Natural Resources, Inc. | $1.7B | 1.3% | 16,841,218 |
| TRP TC Energy Corporation | $1.7B | 1.3% | 27,007,850 |
| CP Canadian Pacific Kansas City Limited | $1.7B | 1.3% | 21,001,067 |
| BMO Bank Of Montreal | $1.6B | 1.2% | 11,494,233 |
| META Meta Platforms, Inc. | $1.5B | 1.2% | 2,675,397 |
| FNV Franco-Nevada Corporation | $1.5B | 1.1% | 5,895,278 |
| NFLX Netflix, Inc. | $1.2B | 0.9% | 12,047,509 |
| CVE Cenovus Energy Inc | $1.1B | 0.9% | 42,758,368 |
| CM Canadian Imperial Bank of Commerce | $1.1B | 0.9% | 11,739,778 |
| F92124100 Totalenergies Se | $1.1B | 0.9% | 11,926,146 |
| FTS Fortis Inc. | $1.1B | 0.8% | 19,393,790 |
| G54950103 Linde PLC | $1.0B | 0.8% | 2,044,693 |
| B Barrick Mining Corporation | $1.0B | 0.8% | 24,671,385 |
| CME CME Group Inc. | $1.0B | 0.8% | 3,391,765 |
| RCI Rogers Communication, Inc. | $997.5M | 0.8% | 25,936,929 |
| CRM Salesforce, Inc. | $987.3M | 0.8% | 5,289,207 |
| TDY Teledyne Technologies Incorporated | $975.7M | 0.8% | 1,612,696 |
| CCO Clear Channel Outdoor Holdings, Inc. | $967.2M | 0.8% | 8,893,505 |
| ORCL Oracle Corporation | $956.8M | 0.7% | 6,504,083 |
| BCE BCE, Inc. | $944.0M | 0.7% | 37,411,448 |
| PGR The Progressive Corporation | $925.6M | 0.7% | 4,669,225 |
| MRVL Marvell Technology, Inc. | $914.7M | 0.7% | 9,234,970 |
| BN Brookfield Corporation Class A Limited Voting Shares | $910.6M | 0.7% | 22,471,358 |
| G0593M107 Astrazeneca PLC | $910.2M | 0.7% | 4,654,855 |
| WAB Westinghouse Air Brake Technologies Corporation | $875.2M | 0.7% | 3,501,941 |
| KGC Kinross Gold Corporation | $843.8M | 0.7% | 27,598,518 |
| JPM JP Morgan Chase & Co. | $840.0M | 0.7% | 2,855,750 |
| INTU Intuit Inc. | $800.9M | 0.6% | 1,852,299 |
| MA Mastercard Incorporated | $750.2M | 0.6% | 1,501,408 |
| ADBE Adobe Inc. | $716.9M | 0.6% | 2,949,340 |
| G1151C101 Accenture PLC Ireland | $708.3M | 0.6% | 3,572,193 |
| PDD PDD Holdings Inc. | $699.9M | 0.5% | 6,849,271 |
| EMA Emera Incorporated | $664.1M | 0.5% | 12,811,944 |
| ZTS Zoetis Inc. Class A | $648.6M | 0.5% | 5,487,134 |
| HBM Hudbay Minerals Inc. Ordinary Shares (Canada) | $640.9M | 0.5% | 30,607,132 |
| BNS Bank Nova Scotia Halifax Pfd 3 Ordinary Shares | $627.1M | 0.5% | 9,042,167 |
| ENB Enbridge Inc | $621.8M | 0.5% | 11,470,160 |
| MCHP Microchip Technology Incorporated | $612.6M | 0.5% | 9,480,879 |
| PKG Packaging Corporation of America | $606.5M | 0.5% | 2,857,923 |
| RBA RB Global, Inc. | $598.9M | 0.5% | 6,245,775 |
| HO1 Hologic INC | $591.2M | 0.5% | 7,821,581 |
| IAG Iamgold Corporation Ordinary Shares | $584.5M | 0.5% | 31,079,258 |
| PG The Procter & Gamble Company | $578.2M | 0.4% | 4,002,718 |
| CRC California Resources Corporation | $573.3M | 0.4% | 11,751,875 |
| WFG West Fraser Timber Co. Ltd | $570.5M | 0.4% | 8,734,235 |
| CSCO Cisco Systems, Inc. | $568.0M | 0.4% | 7,321,030 |
| GIB CGI Inc. | $555.4M | 0.4% | 7,596,896 |
| NEE NextEra Energy, Inc. | $541.4M | 0.4% | 5,828,725 |
| YMM Full Truck Alliance Co. Ltd. American Preferred | $524.7M | 0.4% | 63,211,571 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| MSFT Microsoft Corporation | Add | $3.7B | $4.3B | +13% |
| RY Royal Bank Of Canada | Trim | $3.6B | $4.0B | -5% |
| GOOGL Alphabet Inc. | Trim | $3.0B | $3.4B | -5% |
| AMZN Amazon.com, Inc. | Add | $2.7B | $2.8B | +5% |
| AAPL Apple Inc. | Add | $2.6B | $2.7B | +2% |
| AEM Agnico Eagle Mines Limited | Trim | $2.6B | $2.2B | -2% |
| TD The Toronto Dominion Bank | Trim | $2.5B | $2.9B | -14% |
| TXN Texas Instruments Incorporated | Add | $1.9B | $1.5B | +18% |
| SU Suncor Energy Inc. | Add | $1.9B | $934.3M | +38% |
| NVDA NVIDIA Corporation | Add | $1.8B | $1.7B | +12% |
| CNR Core Natural Resources, Inc. | Add | $1.7B | $1.6B | +7% |
| TRP TC Energy Corporation | Trim | $1.7B | $1.6B | -5% |
| CP Canadian Pacific Kansas City Limited | Add | $1.7B | $1.2B | +26% |
| BMO Bank Of Montreal | Add | $1.6B | $1.2B | +22% |
| META Meta Platforms, Inc. | Add | $1.5B | $1.6B | +14% |
| FNV Franco-Nevada Corporation | Trim | $1.5B | $1.2B | -2% |
| NFLX Netflix, Inc. | Add | $1.2B | $939.6M | +20% |
| CVE Cenovus Energy Inc | Add | $1.1B | $651.9M | +11% |
| CM Canadian Imperial Bank of Commerce | Trim | $1.1B | $1.2B | -8% |
| F92124100 Totalenergies Se | Trim | $1.1B | $943.1M | -17% |
| FTS Fortis Inc. | Trim | $1.1B | $1.0B | -3% |
| G54950103 Linde PLC | Add | $1.0B | $686.9M | +27% |
| B Barrick Mining Corporation | Trim | $1.0B | $1.3B | -18% |
| CME CME Group Inc. | Trim | $1.0B | $976.1M | -5% |
| RCI Rogers Communication, Inc. | Trim | $997.5M | $1.2B | -17% |
| CRM Salesforce, Inc. | Add | $987.3M | $1.2B | +15% |
| TDY Teledyne Technologies Incorporated | Add | $975.7M | $698.2M | +18% |
| CCO Clear Channel Outdoor Holdings, Inc. | Add | $967.2M | $795.1M | +2% |
| ORCL Oracle Corporation | Add | $956.8M | $775.0M | +64% |
| PGR The Progressive Corporation | Trim | $925.6M | $1.1B | -7% |
| MRVL Marvell Technology, Inc. | Add | $914.7M | $764.3M | +3% |
| BN Brookfield Corporation Class A Limited Voting Shares | Trim | $910.6M | $1.2B | -13% |
| WAB Westinghouse Air Brake Technologies Corporation | Trim | $875.2M | $780.5M | -4% |
| KGC Kinross Gold Corporation | Trim | $843.8M | $821.0M | -5% |
| JPM JP Morgan Chase & Co. | Trim | $840.0M | $965.2M | -5% |
| INTU Intuit Inc. | Add | $800.9M | $745.8M | +65% |
| MA Mastercard Incorporated | Trim | $750.2M | $910.1M | -6% |
| ADBE Adobe Inc. | Add | $716.9M | $937.4M | +10% |
| G1151C101 Accenture PLC Ireland | Trim | $708.3M | $1.1B | -9% |
| PDD PDD Holdings Inc. | Add | $699.9M | $738.9M | +5% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.