FIL Ltd
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), FIL Ltd reported 906 stock positions worth $107.0 billion. Its top holding was Microsoft (MSFT) at 3.3% of the portfolio, followed by Royal Bank of Canada (RY, 2.5%) and Amazon.com (AMZN, 2.3%). Compared with Q3 2024, it opened 81 new positions, sold out of 104, added to 397 and reduced 371. The biggest buy was Meta Platforms Class A (META, shares +146%) and the biggest sale Canadian Pacific Kansas City (CP, shares −41%).
- Most Recent 13F
- Q2 2026
- Location
- HAMILTON, D0
- CIK
- 0000318989
- Portfolio Value
- $107.0B (Q4 2024)
- SEC Filing
- 0000315066-25-000949 ↗ filed Feb 13, 2025
Holdings Value
Holdings 906 stocks · $107.0B
| MSFT Microsoft Corp. | 3.30% | 8,384,811 | $3.5B | Add +2.4% |
| RY Royal Bank of Canada | 2.51% | 22,298,717 | $2.7B | Reduce -6.5% |
| AMZN Amazon.com Inc. | 2.28% | 11,114,969 | $2.4B | Reduce -3.5% |
| GOOGL Alphabet Inc. Class A | 2.07% | 11,673,559 | $2.2B | Reduce -7.5% |
| TD Toronto-Dominion Bank | 1.94% | 38,989,749 | $2.1B | Add +17.3% |
| AAPL Apple Inc. | 1.90% | 8,131,988 | $2.0B | Reduce -2.4% |
| SHOP Shopify Inc. Class A | 1.57% | 15,774,148 | $1.7B | Add +11.9% |
| AEM Agnico Eagle Mines Ltd. | 1.33% | 18,174,602 | $1.4B | Reduce -5.1% |
| TRP TC Energy Corp. | 1.24% | 28,443,403 | $1.3B | Add +10.3% |
| CNQ Canadian Natural Resources | 1.22% | 42,243,297 | $1.3B | Reduce -14.6% |
| CSCO Cisco Systems Inc. | 1.20% | 21,717,661 | $1.3B | Reduce -16.9% |
| WCN Waste Connections Inc. | 1.15% | 7,177,724 | $1.2B | Add +46.2% |
| MFC Manulife Financial Corp. | 1.14% | 39,610,614 | $1.2B | Add +21.7% |
| BN Brookfield Corp. | 1.09% | 20,354,516 | $1.2B | Add +8.8% |
| HDB HDFC Bank Ltd.-ADR | 1.04% | 17,467,131 | $1.1B | Add +17.5% |
| BABA Alibaba Group Holding-SP ADR | 1.02% | 12,828,184 | $1.1B | Reduce -8.5% |
| FNV Franco-Nevada Corp. | 1.00% | 9,106,186 | $1.1B | Reduce -10.9% |
| META Meta Platforms Inc. Class A | 0.97% | 1,775,909 | $1.0B | Add +146.1% |
| RCI Rogers Communications Inc. Class B | 0.96% | 33,450,577 | $1.0B | Add +7.2% |
| PGR Progressive Corp. | 0.94% | 4,190,005 | $1.0B | Reduce -2.7% |
| TXN Texas Instruments Inc. | 0.90% | 5,136,977 | $963.2M | Reduce -2.6% |
| CME Cme Group Inc. | 0.89% | 4,081,391 | $947.8M | Add +1.5% |
| NVDA Nvidia Corp. | 0.87% | 6,908,399 | $927.7M | Add +7.3% |
| FTS Fortis Inc. | 0.83% | 21,337,579 | $886.6M | Reduce -13.8% |
| V Visa Inc. Class A | 0.81% | 2,730,739 | $863.0M | Reduce -7.9% |
| BAM Brookfield Asset Mgmt-A | 0.78% | 15,369,816 | $833.6M | Add +3.9% |
| IVV iShares Core S&P 500 ETF | 0.77% | 1,392,028 | $819.5M | Add +4.6% |
| TFII Tfi International Inc. | 0.73% | 5,814,601 | $785.7M | Add +42.5% |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 0.73% | 12,387,607 | $783.6M | Add +53.6% |
| PDD PDD Holdings Inc. | 0.72% | 7,978,622 | $773.8M | Add +72.4% |
| WDAY Workday Inc. Class A | 0.71% | 2,963,124 | $764.6M | Add +6.5% |
| TRI Thomson Reuters Corp. | 0.67% | 4,493,534 | $721.6M | Reduce -6.7% |
| JPM JPMorgan Chase & Co. | 0.67% | 2,982,605 | $715.0M | Add +5.2% |
| BLK BlackRock Inc. | 0.66% | 690,230 | $707.6M | Reduce -15.7% |
| BSX Boston Scientific Corp. | 0.66% | 7,895,561 | $705.2M | Reduce -5.1% |
| WAB Wabtec Corp. | 0.66% | 3,712,269 | $703.8M | Add +61.4% |
| ANSS Ansys Inc. | 0.66% | 2,086,177 | $703.7M | Add +32.5% |
| UNH Unitedhealth Group Inc. | 0.65% | 1,379,146 | $697.7M | Reduce -6.0% |
| PBA Pembina Pipeline Corp. | 0.64% | 18,386,188 | $679.3M | Reduce -5.2% |
| BKR Baker Hughes Co. | 0.61% | 16,036,161 | $657.8M | Reduce -17.8% |
| FIS Fidelity National Info Serv | 0.61% | 8,080,967 | $652.7M | Reduce -4.2% |
| PG The Procter & Gamble Co. | 0.59% | 3,748,011 | $628.4M | Add +0.6% |
| FER Ferrovial NV | 0.58% | 14,666,792 | $616.8M | Reduce -6.2% |
| BCE Bce Inc. | 0.57% | 26,292,783 | $609.5M | Add +9.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.56% | 3,045,571 | $601.5M | Reduce -12.9% |
| SW Smurfit Westrock PLC | 0.55% | 10,962,433 | $590.9M | Add +68.2% |
| IBN Icici Bank Ltd.-Spon ADR | 0.54% | 19,442,017 | $580.5M | Add +18.8% |
| TCOM Trip.com Group Ltd.-ADR | 0.54% | 8,453,025 | $580.4M | Add +8.8% |
| ADBE Adobe Inc. | 0.54% | 1,288,599 | $573.0M | Add +130.9% |
| WPM Wheaton Precious Metals Corp. | 0.52% | 9,951,824 | $560.0M | Reduce -3.7% |
| YMM Full Truck Alliance -SPN ADR | 0.52% | 51,730,620 | $559.7M | Add +83.0% |
| TECK Teck Resources Ltd.-CLS B | 0.52% | 13,744,575 | $557.3M | Reduce -18.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.51% | 1,211,173 | $549.0M | Add +5.7% |
| LRCX Lam Research Corp. | 0.50% | 7,440,028 | $537.4M | Add +552.0% |
| CP Canadian Pacific Kansas City | 0.49% | 7,245,152 | $524.6M | Reduce -41.0% |
| EA Electronic Arts Inc. | 0.48% | 3,488,842 | $510.4M | Reduce -5.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.47% | 4,559,016 | $507.6M | Add +10.4% |
| MA Mastercard Inc. Class A | 0.47% | 959,747 | $505.4M | Add +24.9% |
| ADSK Autodesk Inc. | 0.47% | 1,697,227 | $501.6M | Reduce -37.9% |
| LIN Linde PLC | 0.46% | 1,178,434 | $493.4M | Reduce -0.1% |
| CCJ Cameco Corp. | 0.46% | 9,481,447 | $487.5M | Reduce -11.5% |
| CTSH Cognizant Tech Solutions-A | 0.45% | 6,265,702 | $481.8M | Reduce -0.2% |
| JNPR Juniper Networks Inc. | 0.45% | 12,752,814 | $477.6M | Add +20.5% |
| OMC Omnicom Group | 0.45% | 5,545,433 | $477.1M | Reduce -1.3% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.45% | 25,847,478 | $476.1M | Add +21.1% |
| MMYT Makemytrip Ltd. | 0.42% | 4,031,347 | $452.6M | Reduce -9.0% |
| MCHP Microchip Technology Inc. | 0.42% | 7,877,482 | $451.8M | Add +9.1% |
| PKG Packaging Corp. of America | 0.42% | 2,001,934 | $450.7M | Reduce -10.9% |
| HUBB Hubbell Inc. | 0.41% | 1,058,169 | $443.3M | Reduce -9.0% |
| WFG West Fraser Timber Co. Ltd. | 0.41% | 5,041,873 | $436.9M | Add +35.5% |
| ENB Enbridge Inc. | 0.40% | 10,084,416 | $428.0M | Add +17.0% |
| AON Aon PLC Class A | 0.39% | 1,160,465 | $416.8M | Add +0.1% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.38% | 4,273,193 | $404.7M | Add +0.1% |
| GIB Cgi Inc. | 0.37% | 3,593,658 | $393.2M | Reduce -28.4% |
| ACN Accenture PLC Class A | 0.35% | 1,066,462 | $375.2M | Reduce -24.7% |
| PODD Insulet Corp. | 0.35% | 1,431,307 | $373.7M | Reduce -0.7% |
| DHR Danaher Corp. | 0.35% | 1,623,873 | $372.8M | Add +6.5% |
| CRM Salesforce Inc. | 0.34% | 1,099,866 | $367.7M | Reduce -62.5% |
| LNG Cheniere Energy Inc. | 0.34% | 1,689,544 | $363.0M | Reduce -8.4% |
| NEE Nextera Energy Inc. | 0.34% | 5,062,634 | $362.9M | Add +7.7% |
| PAYX Paychex Inc. | 0.34% | 2,571,108 | $360.5M | Reduce -8.7% |
| MRVL Marvell Technology Inc. | 0.33% | 3,237,939 | $357.6M | Reduce -3.2% |
| CLS Celestica Inc. | 0.30% | 3,463,729 | $319.7M | Add +5976.1% |
| SWKS Skyworks Solutions Inc. | 0.29% | 3,502,951 | $310.6M | Add +0.3% |
| TRMB Trimble Inc. | 0.29% | 4,388,580 | $310.1M | Reduce -1.2% |
| CCI Crown Castle Inc. | 0.29% | 3,409,938 | $309.5M | Reduce -0.0% |
| IVW iShares S&P 500 Growth ETF | 0.29% | 3,047,709 | $309.4M | New |
| SAIA Saia Inc. | 0.28% | 663,294 | $302.3M | Reduce -10.8% |
| FLS Flowserve Corp. | 0.28% | 5,255,059 | $302.3M | Add +71.7% |
| WFC Wells Fargo & Co. | 0.27% | 4,138,814 | $290.7M | Add +2.6% |
| BMY Bristol-Myers Squibb Co. | 0.27% | 5,101,883 | $288.6M | Add +27.4% |
| CNI Canadian Natl Railway Co. | 0.27% | 2,828,530 | $287.2M | Reduce -33.8% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.27% | 1,681,374 | $286.9M | Reduce -10.9% |
| MS Morgan Stanley | 0.26% | 2,238,416 | $281.4M | Add +66.4% |
| VRSN Verisign Inc. | 0.26% | 1,359,569 | $281.4M | Add +0.1% |
| MEOH Methanex Corp. | 0.26% | 5,619,938 | $280.8M | Reduce -21.5% |
| SE Sea Ltd.-ADR | 0.26% | 2,631,081 | $279.2M | Add +46.9% |
| GE General Electric filed as GE AEROSPACE | 0.26% | 1,673,621 | $279.1M | Reduce -3.6% |
| ICE Intercontinental Exchange Inc. | 0.26% | 1,842,729 | $274.6M | Add +12.9% |
| YUMC Yum China Holdings Inc. | 0.26% | 5,680,811 | $273.7M | Reduce -10.7% |
Options reported separately and not counted above: AG puts ($36.0M), AMGN calls ($32.1M), NVDA puts ($470K).
Other holdings (3): bonds, preferreds, convertibles and warrants · $5.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 3,230,000 | $3.0M | New |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | 4,700,000 | $1.9M | No change |
| SESCW Ivanhoe Capital Class A -CW27 | *W EXP 12/10/202 | 94,633 | $19K | No change |
Total filed on the 13F, all lines: $107.0B.
Portfolio Sells Q3 2024 → Q4 2024
| CP Canadian Pacific Kansas City | Reduce -41.0% | 0.49% | −0.46 |
| CRM Salesforce Inc. | Reduce -62.5% | 0.34% | −0.39 |
| BABA Alibaba Group Holding-SP ADR | Reduce -8.5% | 1.02% | −0.33 |
| TMUS T-Mobile US Inc. | Reduce -76.2% | 0.10% | −0.29 |
| TECK Teck Resources Ltd.-CLS B | Reduce -18.9% | 0.52% | −0.28 |
| CNQ Canadian Natural Resources | Reduce -14.6% | 1.22% | −0.27 |
| NVEI Nuvei Corp.-Subordinate VTG | Sold out | 0.00% | −0.23 |
| ADSK Autodesk Inc. | Reduce -37.9% | 0.47% | −0.21 |
| HCA HCA Healthcare Inc. | Reduce -36.8% | 0.20% | −0.21 |
| JD Jd.com Inc.-ADR | Reduce -62.0% | 0.11% | −0.21 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -31.4% | 0.24% | −0.21 |
| SRCL Stericycle Inc. | Sold out | 0.00% | −0.21 |
| CI The Cigna Group | Reduce -87.5% | 0.02% | −0.20 |
| CTLT Catalent Inc. | Sold out | 0.00% | −0.20 |
| FTS Fortis Inc. | Reduce -13.8% | 0.83% | −0.19 |
| RY Royal Bank of Canada | Reduce -6.5% | 2.51% | −0.19 |
| CNI Canadian Natl Railway Co. | Reduce -33.8% | 0.27% | −0.19 |
| RCM R1 RCM Inc. | Sold out | 0.00% | −0.18 |
| IMO Imperial Oil Ltd. | Reduce -50.1% | 0.13% | −0.16 |
| GIB Cgi Inc. | Reduce -28.4% | 0.37% | −0.16 |
| SQSP Squarespace Inc. Class A | Sold out | 0.00% | −0.15 |
| FNV Franco-Nevada Corp. | Reduce -10.9% | 1.00% | −0.15 |
| MU Micron Technology Inc. | Reduce -85.7% | 0.02% | −0.15 |
| XP XP Inc. Class A | Reduce -82.9% | 0.02% | −0.14 |
| MELI MercadoLibre Inc. | Reduce -39.4% | 0.15% | −0.14 |
| ATS Ats Corp. | Reduce -74.4% | 0.05% | −0.14 |
| ELV Elevance Health Inc. | Reduce -30.0% | 0.14% | −0.14 |
| AXONICS INC | Sold out | 0.00% | −0.13 |
| UNH Unitedhealth Group Inc. | Reduce -6.0% | 0.65% | −0.13 |
| BEP Brookfield Renewable Partner | Reduce -24.5% | 0.21% | −0.12 |
| NFLX Netflix Inc. | Reduce -74.6% | 0.06% | −0.12 |
| CL Colgate-Palmolive Co. | Reduce -24.5% | 0.24% | −0.11 |
| ACN Accenture PLC Class A | Reduce -24.7% | 0.35% | −0.10 |
| DOCU Docusign Inc. | Reduce -99.8% | 0.00% | −0.10 |
| NVR NVR Inc. | Reduce -65.1% | 0.04% | −0.10 |
| PGRU Propertyguru Group Ltd. | Sold out | 0.00% | −0.10 |
| PRFT Perficient Inc. | Sold out | 0.00% | −0.10 |
| SOBO South Bow Corp. | Reduce -87.0% | 0.01% | −0.10 |
| ENV Envestnet Inc. | Sold out | 0.00% | −0.09 |
| LLY Eli Lilly & Co. | Reduce -35.4% | 0.13% | −0.09 |
| PBA Pembina Pipeline Corp. | Reduce -5.2% | 0.64% | −0.09 |
| TXN Texas Instruments Inc. | Reduce -2.6% | 0.90% | −0.09 |
| XPO Xpo Inc. | Reduce -61.8% | 0.08% | −0.08 |
| OMC Omnicom Group | Reduce -1.3% | 0.45% | −0.08 |
| AY Atlantica Sustainable Infras | Sold out | 0.00% | −0.08 |
| QSR Restaurant Brands Intern | Reduce -38.6% | 0.11% | −0.08 |
| SLF Sun Life Financial Inc. | Reduce -67.2% | 0.04% | −0.08 |
| CCI Crown Castle Inc. | Reduce -0.0% | 0.29% | −0.08 |
| EWC iShares MSCI Canada ETF | Sold out | 0.00% | −0.08 |
| MCK McKesson Corp. | Reduce -51.9% | 0.10% | −0.07 |
Portfolio Buys Q3 2024 → Q4 2024
| META Meta Platforms Inc. Class A | Add +146.1% | 0.97% | +0.60 |
| SHOP Shopify Inc. Class A | Add +11.9% | 1.57% | +0.55 |
| LRCX Lam Research Corp. | Add +552.0% | 0.50% | +0.42 |
| WCN Waste Connections Inc. | Add +46.2% | 1.15% | +0.36 |
| CLS Celestica Inc. | Add +5976.1% | 0.30% | +0.30 |
| YMM Full Truck Alliance -SPN ADR | Add +83.0% | 0.52% | +0.29 |
| IVW iShares S&P 500 Growth ETF | New | 0.29% | +0.29 |
| CM Can Imperial BK of Commerce | Add +53.6% | 0.73% | +0.28 |
| WAB Wabtec Corp. | Add +61.4% | 0.66% | +0.28 |
| ADBE Adobe Inc. | Add +130.9% | 0.54% | +0.27 |
| MFC Manulife Financial Corp. | Add +21.7% | 1.14% | +0.27 |
| SW Smurfit Westrock PLC | Add +68.2% | 0.55% | +0.26 |
| TFII Tfi International Inc. | Add +42.5% | 0.73% | +0.23 |
| ANSS Ansys Inc. | Add +32.5% | 0.66% | +0.20 |
| HDB HDFC Bank Ltd.-ADR | Add +17.5% | 1.04% | +0.20 |
| BN Brookfield Corp. | Add +8.8% | 1.09% | +0.19 |
| BROS Dutch Bros Inc. Class A | New | 0.16% | +0.16 |
| NVDA Nvidia Corp. | Add +7.3% | 0.87% | +0.16 |
| PDD PDD Holdings Inc. | Add +72.4% | 0.72% | +0.16 |
| BAM Brookfield Asset Mgmt-A | Add +3.9% | 0.78% | +0.14 |
| FLS Flowserve Corp. | Add +71.7% | 0.28% | +0.14 |
| MS Morgan Stanley | Add +66.4% | 0.26% | +0.14 |
| MA Mastercard Inc. Class A | Add +24.9% | 0.47% | +0.13 |
| TRP TC Energy Corp. | Add +10.3% | 1.24% | +0.13 |
| JPM JPMorgan Chase & Co. | Add +5.2% | 0.67% | +0.13 |
| TCOM Trip.com Group Ltd.-ADR | Add +8.8% | 0.54% | +0.12 |
| K Kellanova | Add +182.3% | 0.18% | +0.12 |
| DIS The Walt Disney Co. | Add +10.4% | 0.47% | +0.11 |
| SE Sea Ltd.-ADR | Add +46.9% | 0.26% | +0.11 |
| IYC iShares US Consumer Discreti | New | 0.11% | +0.11 |
| MSFT Microsoft Corp. | Add +2.4% | 3.30% | +0.11 |
| IBN Icici Bank Ltd.-Spon ADR | Add +18.8% | 0.54% | +0.10 |
| CIGI Colliers Intl GR-Subord Vot | Add +116.5% | 0.20% | +0.10 |
| WDAY Workday Inc. Class A | Add +6.5% | 0.71% | +0.10 |
| SUM Summit Materials Inc. Class A | New | 0.09% | +0.09 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +206.3% | 0.13% | +0.09 |
| NTES Netease Inc.-ADR | Add +160.2% | 0.14% | +0.08 |
| ENB Enbridge Inc. | Add +17.0% | 0.40% | +0.08 |
| BMY Bristol-Myers Squibb Co. | Add +27.4% | 0.27% | +0.08 |
| CME Cme Group Inc. | Add +1.5% | 0.89% | +0.08 |
| WFG West Fraser Timber Co. Ltd. | Add +35.5% | 0.41% | +0.08 |
| IJH iShares Core S&P Midcap ETF | Add +83.7% | 0.16% | +0.08 |
| BRKR Bruker Corp. | Add +262.3% | 0.11% | +0.07 |
| BARNES GROUP INC | Add +322.6% | 0.09% | +0.07 |
| JNPR Juniper Networks Inc. | Add +20.5% | 0.45% | +0.07 |
| ABNB Airbnb Inc. Class A | Add +74.0% | 0.15% | +0.07 |
| IVV iShares Core S&P 500 ETF | Add +4.6% | 0.77% | +0.07 |
| NICE Nice Ltd. - Spon ADR | New | 0.07% | +0.07 |
| WFC Wells Fargo & Co. | Add +2.6% | 0.27% | +0.07 |
| B Barrick Gold Corp. | Add +236.7% | 0.10% | +0.06 |
Options Activity Q3 2024 → Q4 2024
| AMGN Amgen Inc. | call | New | 123,000 | $32.1M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| DISH NETWORK CORP (DISH 3.375 08/15/26) | NOTE 3.375% 8/1 · principal | Sold out | 4,725,000 | $3.8Mbefore exit |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | New | 3,230,000 | $3.0M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,136 | $139.2B | RY, MSFT, GOOGL, TD, AMZN |
| Q1 2026 | 1,098 | $128.7B | MSFT, RY, GOOGL, AMZN, AAPL |
| Q4 2025 | 1,011 | $133.5B | MSFT, RY, GOOGL, SHOP, TD |
| Q3 2025 | 981 | $127.2B | MSFT, RY, TD, SHOP, AAPL |
| Q2 2025 | 955 | $116.9B | MSFT, TD, RY, AMZN, GOOGL |
| Q1 2025 | 898 | $105.2B | MSFT, TD, RY, AMZN, AEM |
| Q4 2024 | 906 | $107.0B | MSFT, RY, AMZN, GOOGL, TD |
| Q3 2024 | 928 | $110.3B | MSFT, RY, AMZN, TD, GOOGL |
| Q2 2024 | 889 | $101.1B | MSFT, RY, GOOGL, AMZN, AAPL |
| Q1 2024 | 842 | $100.8B | MSFT, CNI, AMZN, GOOGL, RY |