FIL Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), FIL Ltd reported 955 stock positions worth $116.9 billion. Its top holding was Microsoft (MSFT) at 3.6% of the portfolio, followed by Toronto-Dominion Bank (TD, 2.6%) and Royal Bank of Canada (RY, 2.4%). Compared with Q1 2025, it opened 131 new positions, sold out of 75, added to 417 and reduced 366. The biggest buy was Microsoft (MSFT, shares +2%) and the biggest sale Manulife Financial (MFC, shares −53%).
- Most Recent 13F
- Q2 2026
- Location
- HAMILTON, D0
- CIK
- 0000318989
- Portfolio Value
- $116.9B (Q2 2025)
- SEC Filing
- 0000315066-25-002230 ↗ filed Aug 14, 2025
Holdings Value
Holdings 955 stocks · $116.9B
| MSFT Microsoft Corp. | 3.60% | 8,451,940 | $4.2B | Add +1.9% |
| TD Toronto-Dominion Bank | 2.65% | 42,077,344 | $3.1B | Reduce -0.3% |
| RY Royal Bank of Canada | 2.42% | 21,437,824 | $2.8B | Add +0.1% |
| AMZN Amazon.com Inc. | 2.12% | 11,282,335 | $2.5B | Add +5.5% |
| GOOGL Alphabet Inc. Class A | 2.11% | 13,982,066 | $2.5B | Add +22.0% |
| SHOP Shopify Inc. Class A | 1.89% | 19,126,979 | $2.2B | Add +12.8% |
| AAPL Apple Inc. | 1.80% | 10,259,462 | $2.1B | Add +27.8% |
| AEM Agnico Eagle Mines Ltd. | 1.65% | 16,227,402 | $1.9B | Reduce -3.4% |
| META Meta Platforms Inc. Class A | 1.47% | 2,332,411 | $1.7B | Add +12.8% |
| TXN Texas Instruments Inc. | 1.30% | 7,296,573 | $1.5B | Add +24.2% |
| FNV Franco-Nevada Corp. | 1.25% | 8,919,497 | $1.5B | Add +1.3% |
| TRP TC Energy Corp. | 1.17% | 27,998,749 | $1.4B | Add +4.7% |
| CSCO Cisco Systems Inc. | 1.11% | 18,669,906 | $1.3B | Add +6.1% |
| WCN Waste Connections Inc. | 0.99% | 6,175,276 | $1.2B | Reduce -21.4% |
| NVDA Nvidia Corp. | 0.97% | 7,176,624 | $1.1B | Add +2.2% |
| PGR Progressive Corp. | 0.97% | 4,231,502 | $1.1B | Add +2.5% |
| WPM Wheaton Precious Metals Corp. | 0.93% | 12,154,803 | $1.1B | Add +32.3% |
| HDB HDFC Bank Ltd.-ADR | 0.93% | 14,189,999 | $1.1B | Reduce -9.9% |
| BN Brookfield Corp. | 0.90% | 17,051,826 | $1.1B | Reduce -3.0% |
| RCI Rogers Communications Inc. Class B | 0.86% | 34,048,425 | $1.0B | Reduce -2.7% |
| CCJ Cameco Corp. | 0.86% | 13,562,992 | $1.0B | Add +56.2% |
| ADBE Adobe Inc. | 0.85% | 2,570,674 | $994.5M | Add +32.4% |
| FTS Fortis Inc. | 0.85% | 20,816,939 | $994.0M | Reduce -8.7% |
| RBA RB Global Inc. | 0.84% | 9,301,869 | $987.8M | Add +154.6% |
| BLK BlackRock Inc. | 0.83% | 927,828 | $973.5M | Add +15.7% |
| ANSS Ansys Inc. | 0.83% | 2,770,603 | $973.1M | Add +10.3% |
| TRI Thomson Reuters Corp. | 0.78% | 4,520,010 | $908.9M | Reduce -10.0% |
| JPM JPMorgan Chase & Co. | 0.78% | 3,134,625 | $908.8M | Add +0.3% |
| CP Canadian Pacific Kansas City | 0.76% | 11,152,676 | $885.9M | Add +40.1% |
| CME Cme Group Inc. | 0.75% | 3,183,323 | $877.4M | Reduce -11.3% |
| WAB Wabtec Corp. | 0.67% | 3,720,264 | $778.8M | Reduce -3.5% |
| BAM Brookfield Asset Mgmt-A | 0.64% | 13,519,306 | $748.3M | Add +25.5% |
| FER Ferrovial NV | 0.64% | 13,988,721 | $745.8M | Add +2.7% |
| ENB Enbridge Inc. | 0.64% | 16,441,861 | $745.6M | Reduce -15.4% |
| IVV iShares Core S&P 500 ETF | 0.61% | 1,139,532 | $707.5M | Reduce -12.6% |
| BCE Bce Inc. | 0.60% | 31,636,218 | $701.6M | Add +22.4% |
| MRVL Marvell Technology Inc. | 0.60% | 8,992,818 | $696.0M | Add +253.1% |
| LRCX Lam Research Corp. | 0.59% | 7,108,442 | $691.9M | Add +2.5% |
| CRM Salesforce Inc. | 0.59% | 2,528,794 | $689.6M | Add +160.7% |
| SU Suncor Energy Inc. | 0.58% | 18,250,921 | $683.7M | Add +13.9% |
| CNQ Canadian Natural Resources | 0.58% | 21,547,829 | $677.3M | Reduce -7.8% |
| WDC Western Digital Corp. | 0.57% | 10,425,084 | $667.1M | Add +37.6% |
| PBA Pembina Pipeline Corp. | 0.55% | 17,051,899 | $640.3M | Add +12.4% |
| MCHP Microchip Technology Inc. | 0.55% | 9,095,568 | $640.1M | Reduce -3.5% |
| YMM Full Truck Alliance -SPN ADR | 0.55% | 54,076,485 | $638.6M | Add +0.5% |
| PG The Procter & Gamble Co. | 0.54% | 3,992,092 | $636.0M | Add +0.0% |
| LIN Linde PLC | 0.54% | 1,346,085 | $631.6M | Add +5.3% |
| EMA Emera Inc. | 0.51% | 12,940,736 | $592.8M | New |
| SE Sea Ltd.-ADR | 0.50% | 3,644,589 | $582.9M | Add +6.1% |
| DELL Dell Technologies -C | 0.49% | 4,691,737 | $575.2M | Add +65.4% |
| HUBB Hubbell Inc. | 0.48% | 1,383,221 | $564.9M | Add +7.8% |
| WDAY Workday Inc. Class A | 0.47% | 2,291,866 | $550.0M | Reduce -11.2% |
| MFC Manulife Financial Corp. | 0.47% | 17,150,713 | $548.4M | Reduce -53.2% |
| MA Mastercard Inc. Class A | 0.46% | 965,889 | $542.8M | Add +4.9% |
| BKR Baker Hughes Co. | 0.45% | 13,695,312 | $525.1M | Reduce -1.5% |
| BSX Boston Scientific Corp. | 0.45% | 4,878,946 | $524.0M | Reduce -14.6% |
| V Visa Inc. Class A | 0.44% | 1,465,015 | $520.2M | Reduce -19.2% |
| INTC Intel Corp. | 0.43% | 22,580,415 | $505.8M | Add +11.4% |
| TFII Tfi International Inc. | 0.43% | 5,611,004 | $503.7M | Reduce -13.2% |
| DLTR Dollar Tree Inc. | 0.43% | 5,028,125 | $498.0M | Reduce -11.5% |
| MDB Mongodb Inc. | 0.42% | 2,361,038 | $495.8M | Add +44.9% |
| ADSK Autodesk Inc. | 0.42% | 1,594,792 | $493.7M | Reduce -12.4% |
| CNI Canadian Natl Railway Co. | 0.42% | 4,727,516 | $492.6M | Add +45.5% |
| NFLX Netflix Inc. | 0.41% | 354,815 | $475.1M | Add +4.5% |
| FIS Fidelity National Info Serv | 0.39% | 5,667,042 | $461.4M | Reduce -28.3% |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.39% | 4,162,167 | $461.3M | Reduce -19.8% |
| ACN Accenture PLC Class A | 0.39% | 1,530,848 | $457.6M | Add +38.5% |
| IBN Icici Bank Ltd.-Spon ADR | 0.38% | 13,298,862 | $447.4M | Add +0.1% |
| WFG West Fraser Timber Co. Ltd. | 0.38% | 6,070,327 | $445.1M | Add +25.8% |
| EXC Exelon Corp. | 0.37% | 9,991,191 | $433.8M | Add +0.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.37% | 891,730 | $433.2M | Reduce -21.9% |
| PKG Packaging Corp. of America | 0.37% | 2,276,000 | $428.9M | Add +16.3% |
| TECK Teck Resources Ltd.-CLS B | 0.36% | 10,303,716 | $416.7M | Add +17.1% |
| CDW CDW Corp. | 0.35% | 2,304,605 | $411.6M | Add +25.6% |
| ICE Intercontinental Exchange Inc. | 0.34% | 2,187,315 | $401.3M | Add +3.5% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.34% | 29,180,545 | $400.4M | Add +6.9% |
| DHR Danaher Corp. | 0.34% | 1,994,048 | $393.9M | Add +25.6% |
| EXPD Expeditors Intl Wash Inc. | 0.34% | 3,443,803 | $393.5M | Add +332.1% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.33% | 1,210,440 | $387.5M | Reduce -11.8% |
| MPWR Monolithic Power Systems Inc. | 0.33% | 523,073 | $382.6M | Add +373.0% |
| QSR Restaurant Brands Intern | 0.33% | 5,746,631 | $381.2M | Add +7.1% |
| NEE Nextera Energy Inc. | 0.32% | 5,426,898 | $376.7M | Add +13.9% |
| IVW iShares S&P 500 Growth ETF | 0.32% | 3,401,028 | $374.5M | New |
| GE General Electric filed as GE AEROSPACE | 0.32% | 1,449,888 | $373.2M | Reduce -7.3% |
| PDD PDD Holdings Inc. | 0.32% | 3,558,408 | $372.4M | Reduce -51.7% |
| SW Smurfit Westrock PLC | 0.31% | 8,380,061 | $361.6M | Reduce -24.1% |
| EA Electronic Arts Inc. | 0.31% | 2,249,078 | $359.2M | Reduce -14.7% |
| INTU Intuit Inc. | 0.31% | 454,328 | $357.8M | Reduce -15.9% |
| AVGO Broadcom Inc. | 0.30% | 1,292,533 | $356.3M | Add +16.9% |
| PODD Insulet Corp. | 0.30% | 1,129,851 | $355.0M | Reduce -12.1% |
| AON Aon PLC Class A | 0.30% | 991,656 | $353.8M | Reduce -7.7% |
| CTSH Cognizant Tech Solutions-A | 0.30% | 4,424,260 | $345.2M | Add +4.8% |
| CCI Crown Castle Inc. | 0.29% | 3,323,157 | $341.4M | Reduce -0.6% |
| CCEP Coca-Cola Europacific Partne | 0.29% | 3,683,198 | $341.1M | Add +7.2% |
| TDY Teledyne Technologies Inc. | 0.29% | 663,864 | $340.1M | Add +29.9% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.29% | 3,946,542 | $335.0M | Reduce -3.9% |
| WFC Wells Fargo & Co. | 0.28% | 4,112,948 | $329.5M | Add +0.2% |
| LNG Cheniere Energy Inc. | 0.28% | 1,351,208 | $329.0M | Add +4.6% |
| SKX Skechers USA Inc. Class A | 0.28% | 5,211,578 | $328.9M | Add +816.4% |
| GIB Cgi Inc. | 0.28% | 3,118,632 | $327.5M | Reduce -2.3% |
Options reported separately and not counted above: KWEB puts ($90.5M), AG puts ($54.3M), CPNG calls ($7.3M), NVDA puts ($1.7M), CRWV puts ($375K).
Other holdings (5): bonds, preferreds, convertibles and warrants · $11.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| LI AUTO INC (LI 0.25 05/01/28) | NOTE 0.250% 5/0 · principal | 4,850,000 | $5.8M | No change |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 4,200,000 | $3.2M | Add +5.0% |
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 3,206,000 | $2.9M | No change |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 44,000 | $50K | No change |
| SESCW Ivanhoe Capital Class A -CW27 | *W EXP 12/10/202 | 94,633 | $10K | No change |
Total filed on the 13F, all lines: $116.9B.
Portfolio Sells Q1 2025 → Q2 2025
| MFC Manulife Financial Corp. | Reduce -53.2% | 0.47% | −0.62 |
| BABA Alibaba Group Holding-SP ADR | Reduce -98.2% | 0.01% | −0.58 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -88.1% | 0.06% | −0.51 |
| PDD PDD Holdings Inc. | Reduce -51.7% | 0.32% | −0.51 |
| WCN Waste Connections Inc. | Reduce -21.4% | 0.99% | −0.47 |
| BEKE Ke Holdings Inc.-ADR | Reduce -87.9% | 0.05% | −0.46 |
| UNH Unitedhealth Group Inc. | Reduce -28.7% | 0.24% | −0.38 |
| ABEV Ambev SA-ADR | Reduce -97.7% | 0.01% | −0.28 |
| DIS The Walt Disney Co. | Reduce -83.2% | 0.06% | −0.28 |
| PAAS Pan American Silver Corp. | Reduce -67.3% | 0.12% | −0.25 |
| NXPI NXP Semiconductors NV | Reduce -63.8% | 0.13% | −0.22 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -21.9% | 0.37% | −0.21 |
| OMC Omnicom Group | Reduce -33.0% | 0.22% | −0.20 |
| COR Cencora Inc. | Reduce -74.8% | 0.06% | −0.19 |
| AMD Advanced Micro Devices | Reduce -89.5% | 0.03% | −0.18 |
| ENB Enbridge Inc. | Reduce -15.4% | 0.64% | −0.18 |
| CL Colgate-Palmolive Co. | Reduce -97.1% | 0.00% | −0.17 |
| FIS Fidelity National Info Serv | Reduce -28.3% | 0.39% | −0.17 |
| IYF iShares US Financials ETF | Sold out | 0.00% | −0.16 |
| TME Tencent Music Entertainm-ADR | Reduce -97.2% | 0.01% | −0.16 |
| SW Smurfit Westrock PLC | Reduce -24.1% | 0.31% | −0.16 |
| JNPR Juniper Networks Inc. | Reduce -53.5% | 0.14% | −0.16 |
| NTES Netease Inc.-ADR | Sold out | 0.00% | −0.16 |
| V Visa Inc. Class A | Reduce -19.2% | 0.44% | −0.16 |
| CME Cme Group Inc. | Reduce -11.3% | 0.75% | −0.16 |
| ATHM Autohome Inc.-ADR | Reduce -58.0% | 0.08% | −0.15 |
| TIP iShares Tips Bond ETF | Reduce -48.8% | 0.12% | −0.14 |
| FTS Fortis Inc. | Reduce -8.7% | 0.85% | −0.14 |
| SJM The JM Smucker Co. | Reduce -99.9% | 0.00% | −0.14 |
| BKR Baker Hughes Co. | Reduce -1.5% | 0.45% | −0.13 |
| AJG Arthur J Gallagher & Co. | Reduce -11.8% | 0.33% | −0.12 |
| TRGP Targa Resources Corp. | Reduce -94.0% | 0.01% | −0.11 |
| JNJ Johnson & Johnson | Reduce -65.1% | 0.05% | −0.11 |
| AON Aon PLC Class A | Reduce -7.7% | 0.30% | −0.10 |
| IDU iShares US Utilities ETF | Sold out | 0.00% | −0.10 |
| CNQ Canadian Natural Resources | Reduce -7.8% | 0.58% | −0.10 |
| WDAY Workday Inc. Class A | Reduce -11.2% | 0.47% | −0.10 |
| BSX Boston Scientific Corp. | Reduce -14.6% | 0.45% | −0.10 |
| ICLR Icon PLC | Reduce -81.9% | 0.01% | −0.09 |
| IJH iShares Core S&P Midcap ETF | Reduce -63.3% | 0.05% | −0.09 |
| UBS UBS Group AG-Reg | Reduce -35.8% | 0.17% | −0.09 |
| IVV iShares Core S&P 500 ETF | Reduce -12.6% | 0.61% | −0.09 |
| FLS Flowserve Corp. | Reduce -34.8% | 0.15% | −0.09 |
| TMO Thermo Fisher Scientific Inc. | Reduce -19.9% | 0.13% | −0.09 |
| CPB The Campbell's Company | Reduce -99.8% | 0.00% | −0.09 |
| PAYX Paychex Inc. | Reduce -16.6% | 0.21% | −0.09 |
| SRE Sempra | Reduce -67.5% | 0.04% | −0.08 |
| GIL Gildan Activewear Inc. | Reduce -99.9% | 0.00% | −0.08 |
| AEM Agnico Eagle Mines Ltd. | Reduce -3.4% | 1.65% | −0.08 |
| BMO Bank of Montreal | Reduce -19.8% | 0.39% | −0.08 |
Portfolio Buys Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Add +1.9% | 3.60% | +0.63 |
| CCJ Cameco Corp. | Add +56.2% | 0.86% | +0.52 |
| EMA Emera Inc. | New | 0.51% | +0.51 |
| RBA RB Global Inc. | Add +154.6% | 0.84% | +0.50 |
| MRVL Marvell Technology Inc. | Add +253.1% | 0.60% | +0.45 |
| GOOGL Alphabet Inc. Class A | Add +22.0% | 2.11% | +0.42 |
| SHOP Shopify Inc. Class A | Add +12.8% | 1.89% | +0.35 |
| CRM Salesforce Inc. | Add +160.7% | 0.59% | +0.34 |
| META Meta Platforms Inc. Class A | Add +12.8% | 1.47% | +0.34 |
| IVW iShares S&P 500 Growth ETF | New | 0.32% | +0.32 |
| TXN Texas Instruments Inc. | Add +24.2% | 1.30% | +0.29 |
| WDC Western Digital Corp. | Add +37.6% | 0.57% | +0.28 |
| MPWR Monolithic Power Systems Inc. | Add +373.0% | 0.33% | +0.27 |
| WPM Wheaton Precious Metals Corp. | Add +32.3% | 0.93% | +0.26 |
| SKX Skechers USA Inc. Class A | Add +816.4% | 0.28% | +0.25 |
| DELL Dell Technologies -C | Add +65.4% | 0.49% | +0.25 |
| NVDA Nvidia Corp. | Add +2.2% | 0.97% | +0.25 |
| EXPD Expeditors Intl Wash Inc. | Add +332.1% | 0.34% | +0.25 |
| CP Canadian Pacific Kansas City | Add +40.1% | 0.76% | +0.23 |
| WBA Walgreens Boots Alliance Inc. | New | 0.20% | +0.20 |
| BPMC Blueprint Medicines Corp. | New | 0.19% | +0.19 |
| AMZN Amazon.com Inc. | Add +5.5% | 2.12% | +0.18 |
| MDB Mongodb Inc. | Add +44.9% | 0.42% | +0.15 |
| SN Sharkninja Inc. | Add +658.3% | 0.17% | +0.15 |
| SNDK Sandisk Corp. | Add +550.3% | 0.18% | +0.14 |
| BAM Brookfield Asset Mgmt-A | Add +25.5% | 0.64% | +0.14 |
| ADBE Adobe Inc. | Add +32.4% | 0.85% | +0.14 |
| DNB Dun & Bradstreet Holdings Inc. | New | 0.14% | +0.14 |
| FYBR Frontier Communications Pare | Add +391.2% | 0.17% | +0.13 |
| AVGO Broadcom Inc. | Add +16.9% | 0.30% | +0.13 |
| EQIX Equinix Inc. | Add +578.8% | 0.15% | +0.13 |
| RY Royal Bank of Canada | Add +0.1% | 2.42% | +0.12 |
| SWTX Springworks Therapeutics Inc. | New | 0.12% | +0.12 |
| CNI Canadian Natl Railway Co. | Add +45.5% | 0.42% | +0.12 |
| XYZ Block Inc. | Add +6463.8% | 0.12% | +0.12 |
| LRCX Lam Research Corp. | Add +2.5% | 0.59% | +0.11 |
| BLK BlackRock Inc. | Add +15.7% | 0.83% | +0.11 |
| TGT Target Corp. | Add +3508.7% | 0.11% | +0.11 |
| NFLX Netflix Inc. | Add +4.5% | 0.41% | +0.11 |
| AAPL Apple Inc. | Add +27.8% | 1.80% | +0.11 |
| JD Jd.com Inc.-ADR | Add +181.6% | 0.19% | +0.09 |
| STLD Steel Dynamics Inc. | Add +322.6% | 0.12% | +0.09 |
| CM Can Imperial BK of Commerce | Add +29.6% | 0.26% | +0.08 |
| HUBB Hubbell Inc. | Add +7.8% | 0.48% | +0.08 |
| MS Morgan Stanley | Add +32.1% | 0.26% | +0.08 |
| FL Foot Locker Inc. | Add +1934.7% | 0.08% | +0.08 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +6.9% | 0.34% | +0.08 |
| ANSS Ansys Inc. | Add +10.3% | 0.83% | +0.08 |
| CSCO Cisco Systems Inc. | Add +6.1% | 1.11% | +0.08 |
| ESGR Enstar Group Ltd. | Add +104.5% | 0.16% | +0.07 |
Options Activity Q1 2025 → Q2 2025
| KWEB Kranesh Csi China Internet | put | New | 2,635,700 | $90.5M |
| CPNG Coupang Inc. | call | New | 243,000 | $7.3M |
| NVDA Nvidia Corp. | put | Add +40.8% | 10,700 | $1.7M |
| CRWV Coreweave Inc. Class A | put | New | 2,300 | $375K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | Add +5.0% | 4,200,000 | $3.2M |
| WOLF Wolfspeed Inc. (wolf 1.875 12/01/29) | NOTE 1.875%12/0 · principal | Sold out | 4,700,000 | $1.0Mbefore exit |
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 |