Fidelity’s FMR trims Nvidia stake by 9.1% to 932.8 million shares

The asset manager's latest 13F filing shows a smaller Nvidia position, though the chipmaker remains one of its biggest holdings FMR LLC, the parent behind Fidelity Management & Research, cut its Nvidia position by 9.1% during the third quarter of 2026. That leaves the firm holding approximately 932.8 million shares, according to its latest 13F filing with the SEC. When one of the largest institutional owners of the market’s most-watched AI stock sells, people notice. Context matters here, though, and the context is less dramatic than the percentage suggests. What the filing shows FMR submitted its Q3 2026 13F-HR on November 10, 2026. The filing reflects holdings as of September 30, 2026. A 13F is a quarterly disclosure that large investment managers file with the SEC. It works like a snapshot of a portfolio on the last day of the quarter. It does not show exactly when shares were bought or sold within that period. At the end of June 2026, FMR held about 1.026 billion Nvidia shares. Three months later, the count had slipped to roughly 932.8 million. As of June 30, 2026, FMR’s Nvidia stake was valued at approximately $205 billion. That represented between 8.9% and 9.1% of the fir...