Fidelity discloses stake cuts in SpaceX, Amazon, and Nvidia

The asset manager trimmed three of its marquee positions, though all three remain among the larger holdings in its approximately $2.3 trillion equity book Fidelity has disclosed reductions in its stakes in SpaceX, Amazon, and Nvidia, according to filings with the SEC. Trimming is not abandoning, though. Based on Fidelity’s most recent detailed disclosure, all three companies still hold prominent spots in a portfolio large enough to have its own weather system. What the filings show The disclosures come through FMR LLC, the Fidelity entity that files the quarterly 13F reports institutional managers owe the SEC. Its Q2 2026 13F laid out an equity portfolio of approximately $2.3 trillion, spread across almost 14,000 positions. Nvidia sits at the top of that list. The chipmaker’s stake was valued at approximately $205.3 billion, roughly 8.91% of the portfolio. Amazon was another heavyweight. Fidelity’s stake in the e-commerce and cloud giant was valued at about $87.2 billion, or approximately 3.78% of the portfolio. SpaceX is the newest headline name in the mix. The Q2 filing showed Fidelity holding approximately 302.5 million SpaceX shares, valued at around $51.7 billion. That works o...