Fidelity Magellan ETF (FMAG) Holdings
FMAG holdings summary
as of Oct 25, 2026- Holdings
- 50 positions listed
- Top 10 weight
- 44.2% of net assets
- Effective holdings
- 30 equal-weight equivalent
- Largest holding
- NVDA 10.12% NVIDIA Corporation
- Annual turnover
- 92.3% of the portfolio traded
All FMAG holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA Corporation | Technology | 10.12% | $23.2M | $5.17T | 27.1 |
| 2 | AMZN | Amazon.com, Inc. | Consumer Cyclical | 6.42% | $14.7M | $2.70T | 20.1 |
| 3 | MSFT | Microsoft Corporation | Technology | 5.63% | $12.9M | $3.93T | 29.5 |
| 4 | AVGO | Broadcom Inc. | Technology | 4.59% | $10.5M | $1.57T | 43.3 |
| 5 | GOOGL | Alphabet Inc. | Communication Services | 3.96% | $9.1M | $4.17T | 17.1 |
| 6 | GOOG | Alphabet Inc. | Communication Services | 3.34% | $7.7M | $4.12T | 16.9 |
| 7 | AMD | Advanced Micro Devices, Inc. | Technology | 3.01% | $6.9M | $863.17B | 134.9 |
| 8 | LLY | Eli Lilly and Company | Healthcare | 2.42% | $5.6M | $1.12T | 42.2 |
| 9 | V | Visa Inc. | Financial Services | 2.41% | $5.5M | $755.84B | 34.3 |
| 10 | MA | Mastercard Incorporated | Financial Services | 2.26% | $5.2M | $540.87B | 34.0 |
| 11 | KLAC | KLA Corporation | Technology | 2.14% | $4.9M | $216.29B | 45.3 |
| 12 | TSM | Taiwan Semiconductor Manufacturing Company Limited | Technology | 2.03% | $4.7M | $2.14T | 26.7 |
| 13 | STX | Seagate Technology Holdings plc | Technology | 1.90% | $4.4M | $145.31B | 46.0 |
| 14 | LRCX | Lam Research Corporation | Technology | 1.90% | $4.4M | $330.30B | 45.8 |
| 15 | WDC | Western Digital Corporation | Technology | 1.79% | $4.1M | $124.28B | 12.3 |
| 16 | GCP | General Electric Company | Other | 1.77% | $4.1M | — | — |
| 17 | APH | Amphenol Corporation | Technology | 1.65% | $3.8M | $195.67B | 39.7 |
| 18 | COST | Costco Wholesale Corporation | Consumer Defensive | 1.65% | $3.8M | $438.30B | 47.6 |
| 19 | CDNS | Cadence Design Systems, Inc. | Technology | 1.62% | $3.7M | $88.13B | 63.5 |
| 20 | CAT | Caterpillar Inc. | Industrials | 1.60% | $3.7M | $335.91B | 31.5 |
| 21 | MSI | Motorola Solutions, Inc. | Technology | 1.55% | $3.5M | $76.65B | 36.5 |
| 22 | RTX | RTX Corporation | Industrials | 1.51% | $3.5M | $261.36B | 34.1 |
| 23 | HLT | Hilton Worldwide Holdings Inc. | Consumer Cyclical | 1.48% | $3.4M | $77.67B | 50.6 |
| 24 | TDG | TransDigm Group Incorporated | Industrials | 1.45% | $3.3M | $62.98B | 34.6 |
| 25 | MS | Morgan Stanley | Financial Services | 1.43% | $3.3M | $283.60B | 14.3 |
| 26 | ANET | Arista Networks, Inc. | Technology | 1.41% | $3.2M | $223.21B | 55.8 |
| 27 | MCO | Moody's Corporation | Financial Services | 1.40% | $3.2M | $84.00B | 30.8 |
| 28 | LIN | Linde plc | Basic Materials | 1.39% | $3.2M | $229.77B | 32.2 |
| 29 | MCK | McKesson Corporation | Healthcare | 1.38% | $3.2M | $117.15B | 26.9 |
| 30 | PM | Philip Morris International Inc. | Consumer Defensive | 1.38% | $3.2M | $319.83B | 29.5 |
| 31 | ETN | Eaton Corporation plc | Industrials | 1.32% | $3.0M | $151.92B | 39.8 |
| 32 | HEI.A | HEICO Corporation | Industrials | 1.29% | $3.0M | $32.57B | 38.8 |
| 33 | CTAS | Cintas Corporation | Industrials | 1.26% | $2.9M | $84.85B | 42.1 |
| 34 | RSG | Republic Services, Inc. | Industrials | 1.26% | $2.9M | $70.90B | 32.8 |
| 35 | WELL | Welltower Inc. | Real Estate | 1.26% | $2.9M | $169.23B | 105.3 |
| 36 | WAB | Westinghouse Air Brake Technologies Corporation | Industrials | 1.24% | $2.8M | $48.45B | 38.6 |
| 37 | CIEN | Ciena Corporation | Technology | 1.24% | $2.8M | $47.18B | 74.4 |
| 38 | MAR | Marriott International, Inc. | Consumer Cyclical | 1.23% | $2.8M | $101.19B | 40.1 |
| 39 | BNY | The Bank of New York Mellon Corporation | Financial Services | 1.23% | $2.8M | $97.23B | 15.9 |
| 40 | TT | Trane Technologies plc | Industrials | 1.20% | $2.7M | $100.97B | 34.2 |
| 41 | STT | State Street Corporation | Financial Services | 1.18% | $2.7M | $45.52B | 13.5 |
| 42 | COR | Cencora | Healthcare | 1.16% | $2.7M | $65.06B | 25.3 |
| 43 | MLM | Martin Marietta Materials, Inc. | Basic Materials | 1.14% | $2.6M | $35.57B | 32.6 |
| 44 | CMI | Cummins Inc. | Industrials | 1.14% | $2.6M | $73.15B | 27.2 |
| 45 | ORLY | O'Reilly Automotive, Inc. | Consumer Cyclical | 1.14% | $2.6M | $72.22B | 28.3 |
| 46 | VMC | Vulcan Materials Company | Basic Materials | 1.10% | $2.5M | $33.38B | 30.4 |
| 47 | PWR | Quanta Services, Inc. | Industrials | 1.06% | $2.4M | $95.00B | 72.4 |
| 48 | VTR | Ventas, Inc. | Real Estate | 1.05% | $2.4M | $44.04B | 159.0 |
| 49 | APG | APi Group Corporation | Industrials | 0.99% | $2.3M | $17.35B | — |
| 50 | NTRS | Northern Trust Corporation | Financial Services | 0.98% | $2.3M | $30.29B | 14.2 |
Weights as a percentage of net assets. Value held = weight × net assets ($229.4M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
FMAG sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Technology | 40.6% | 14 | NVDA, MSFT, AVGO |
| Industrials | 15.3% | 12 | CAT, RTX, TDG |
| Financial Services | 10.9% | 7 | V, MA, MS |
| Consumer Cyclical | 10.3% | 4 | AMZN, HLT, MAR |
| Communication Services | 7.3% | 2 | GOOGL, GOOG |
| Healthcare | 5.0% | 3 | LLY, MCK, COR |
| Basic Materials | 3.6% | 3 | LIN, MLM, VMC |
| Consumer Defensive | 3.0% | 2 | COST, PM |
| Real Estate | 2.3% | 2 | WELL, VTR |
| Other | 1.8% | 1 | GCP |
Sum of the weights of the holdings in each sector.
FMAG top industries
FMAG overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| BAMG | Brookstone Growth Stock ETF | 47.4% | 30 of 100 | 0.97% |
| PFDE | Pathfinder Disciplined US Equity ETF | 40.7% | 20 of 88 | — |
| USCL | iShares Climate Conscious & Transition MSCI… | 40.1% | 45 of 391 | 0.07% |
| USCA | Xtrackers MSCI USA Climate Action Equity ETF | 39.8% | 46 of 390 | 0.07% |
| SPXN | ProShares S&P 500 ex-Financials ETF | 38.6% | 38 of 396 | 0.08% |
| SPY | SPDR S&P 500 ETF | 37.7% | 47 of 502 | 0.09% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the FMAG portfolio
Fidelity Magellan ETF holds 50 positions. The ten largest make up 44.2% of the fund, so it behaves like a portfolio of about 30 equally weighted stocks. The biggest positions are NVIDIA Corporation (10.12%), Amazon.com, Inc. (6.42%), Microsoft Corporation (5.63%), Broadcom Inc. (4.59%), Alphabet Inc. (3.96%).
By sector, Technology is 40.6%, Industrials is 15.3%, Financial Services is 10.9%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: FMAG chart, FMAG performance, FMAG dividends, FMAG valuation, FMAG overview.
FMAG holdings FAQ
How many holdings does FMAG have?
FMAG holds 50 positions as of October 25, 2026.
What are the top 10 holdings of FMAG?
The ten largest holdings are NVIDIA Corporation (10.12%), Amazon.com, Inc. (6.42%), Microsoft Corporation (5.63%), Broadcom Inc. (4.59%), Alphabet Inc. (3.96%), Alphabet Inc. (3.34%), Advanced Micro Devices, Inc. (3.01%), Eli Lilly and Company (2.42%), Visa Inc. (2.41%), Mastercard Incorporated (2.26%). Together they are 44.2% of the fund.
What percentage of FMAG is NVIDIA Corporation?
NVIDIA Corporation is the largest holding at 10.12% of net assets, about $23.2M of the fund's $229.4M.
Which sector is the largest in FMAG?
Technology is the largest sector at 40.6%, followed by Industrials (15.3%) and Financial Services (10.9%), based on the sectors of the individual holdings.
How concentrated is FMAG?
The top 10 holdings are 44.2% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) FMAG behaves like a portfolio of about 30 equally weighted stocks.