Not Just Another Passive Giant
FMR (Fidelity) manages $2.0T but shows sharper concentration than pure passive peers.
Top holding: NVIDIA (10.3% = ~$206B)
New positions: 51
Concentration: elevated vs peers
10.3% in NVIDIA at this scale is deliberate. And 51 new positions reflect active research, not index reconstitution.
Originally published at 13finsight.com
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