FIL Ltd
Long book
$128.72B
Q1 2026
Positions
1099
Top-10 weight
21%
concentration
Last quarter
+7.2%
SPY +14.8%
Turnover
22%
of book per quarter
Strategy in plain words
auto-generated from filingsFIL Ltd is an institutional manager, running a $128.72B US long book across 1099 positions.
The portfolio is broadly diversified across 1099 positions (top 10 only 21%). Turnover is modest: positions are typically held for years. Current anchor positions: MICROSOFT CORP, ROYAL BANK OF CANADA, ALPHABET INC-CL A, AMAZON.COM INC, APPLE INC.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.2%
Q2 2024
+8.0%
Q3 2024
-1.3%
Q4 2024
-0.7%
Q1 2025
+9.6%
Q2 2025
+9.1%
Q3 2025
+2.9%
Q4 2025
-2.4%
Q1 2026
+7.2%
Sector allocation
Technology 28%
Financials 15%
Industrials 10%
Materials 10%
Energy 6%
Services media 6%
Other 5%
Utilities 5%
Long book by quarter
What does FIL Ltd own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 10.0M | $3.70B | 2.9% | +12.9% |
| RY ROYAL BANK OF CANADA | Financials | 22.1M | $3.58B | 2.8% | -4.9% |
| GOOGL ALPHABET INC-CL A | Technology | 10.3M | $2.96B | 2.3% | -5.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 13.0M | $2.70B | 2.1% | +5.5% |
| AAPL APPLE INC | Technology | 10.1M | $2.56B | 2.0% | +1.8% |
| AEM AGNICO EAGLE MINES LTD | Materials | 12.6M | $2.56B | 2.0% | -2.0% |
| TD TORONTO-DOMINION BANK | Financials | 26.7M | $2.49B | 1.9% | -13.8% |
| SHOP SHOPIFY INC - CLASS A | Technology | 18.2M | $2.16B | 1.7% | -0.9% |
| TXN TEXAS INSTRUMENTS INC | Technology | 9.9M | $1.93B | 1.5% | +17.5% |
| SU SUNCOR ENERGY INC | Energy | 29.1M | $1.92B | 1.5% | +38.2% |
| NVDA NVIDIA CORP | Technology | 10.3M | $1.79B | 1.4% | +11.9% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 16.8M | $1.73B | 1.3% | +7.0% |
| TRP TC ENERGY CORP | Utilities | 27.0M | $1.69B | 1.3% | -4.6% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 21.0M | $1.65B | 1.3% | +26.0% |
| BMO BANK OF MONTREAL | Financials | 11.5M | $1.56B | 1.2% | +21.7% |
| META META PLATFORMS INC-CLASS A | Technology | 2.7M | $1.53B | 1.2% | +13.9% |
| FNV FRANCO-NEVADA CORP | Materials | 5.9M | $1.46B | 1.1% | -2.0% |
| NFLX NETFLIX INC | Services media | 12.0M | $1.16B | 0.9% | +20.2% |
| CVE CENOVUS ENERGY INC | Energy | 42.8M | $1.13B | 0.9% | +11.0% |
| CM CAN IMPERIAL BK OF COMMERCE | Financials | 11.7M | $1.11B | 0.9% | -8.0% |
| TTE TOTALENERGIES SE | Energy | 11.9M | $1.09B | 0.9% | -17.4% |
| FTS FORTIS INC | Utilities | 19.4M | $1.08B | 0.8% | -2.5% |
| LIN LINDE PLC | Materials | 2.0M | $1.01B | 0.8% | +26.9% |
| B BARRICK MINING CORP | Materials | 24.7M | $1.01B | 0.8% | -18.0% |
| CME CME GROUP INC | Financials | 3.4M | $1.00B | 0.8% | -5.1% |
| RCI ROGERS COMMUNICATIONS INC-B | Communications | 25.9M | $997.5M | 0.8% | -16.5% |
| CRM SALESFORCE INC | Technology | 5.3M | $987.3M | 0.8% | +15.3% |
| TDY TELEDYNE TECHNOLOGIES INC | Technology | 1.6M | $975.7M | 0.8% | +18.0% |
| CCJ CAMECO CORP | Materials | 8.9M | $967.2M | 0.8% | +2.4% |
| ORCL ORACLE CORP | Technology | 6.5M | $956.8M | 0.7% | +63.6% |
| BCE BCE INC | Communications | 37.4M | $944.0M | 0.7% | -0.4% |
| PGR PROGRESSIVE CORP | Financials | 4.7M | $925.6M | 0.7% | -7.4% |
| MRVL MARVELL TECHNOLOGY INC | Technology | 9.2M | $914.7M | 0.7% | +2.7% |
| BN BROOKFIELD CORP | Real estate | 22.5M | $910.6M | 0.7% | -13.4% |
| AZN ASTRAZENECA PLC | Healthcare | 4.7M | $910.2M | 0.7% | New |
| WAB WABTEC CORP | Industrials | 3.5M | $875.2M | 0.7% | -4.2% |
| KGC KINROSS GOLD CORP | Materials | 27.6M | $843.8M | 0.7% | -5.3% |
| JPM JPMORGAN CHASE & CO | Financials | 2.9M | $840.0M | 0.7% | -4.7% |
| INTU INTUIT INC | Technology | 1.9M | $800.9M | 0.6% | +64.5% |
| MA MASTERCARD INC - A | Services media | 1.5M | $750.2M | 0.6% | -5.8% |
| ADBE ADOBE INC | Technology | 2.9M | $716.9M | 0.6% | +10.1% |
| ACN ACCENTURE PLC-CL A | Services media | 3.6M | $708.3M | 0.6% | -8.9% |
| EMA EMERA INC | Utilities | 12.8M | $664.1M | 0.5% | -0.2% |
| ZTS ZOETIS INC | Healthcare | 5.5M | $648.6M | 0.5% | +157.1% |
| HBM HUDBAY MINERALS INC | Materials | 30.6M | $640.9M | 0.5% | -7.7% |
| BNS BANK OF NOVA SCOTIA | Financials | 9.0M | $627.1M | 0.5% | -45.2% |
| ENB ENBRIDGE INC | Energy | 11.5M | $621.8M | 0.5% | -28.7% |
| MCHP MICROCHIP TECHNOLOGY INC | Technology | 9.5M | $612.6M | 0.5% | -9.2% |
| PKG PACKAGING CORP OF AMERICA | Other | 2.9M | $606.5M | 0.5% | +2.3% |
| RBA RB GLOBAL INC | Services media | 6.2M | $598.9M | 0.5% | -27.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 1826 | $128.75B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 1705 | $133.60B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 1672 | $127.26B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 1601 | $117.10B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 1593 | $105.25B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 1588 | $107.04B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 1619 | $110.32B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 1516 | $101.14B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 1508 | $100.86B | canonical | SEC ↗ |
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