According to a filing with the U.S. Securities and Exchange Commission (SEC), global asset management giant Invesco has submitted its third-quarter holdings report (13F) for the period ending September 30, 2026.
In the third quarter, Invesco's total holdings value stood at approximately $1.27 trillion, compared with about $1.26 trillion in the previous quarter, representing a quarter-over-quarter increase of 0.8%. The top ten positions accounted for 31.58% of the portfolio, with the top ten holdings held for an average of 27.2 quarters. Statistics show that during the quarter, Invesco added 134 new positions and completely exited 100 positions; it increased holdings in 1,902 targets and reduced holdings in 1,755 targets, with an overall turnover rate of just 5.92%.
Top Five Holdings
Among the top five holdings, chip design giant NVIDIA (NVDA.US) ranks first, with approximately 321 million shares held, a position value of about $73.246 billion, representing 5.75% of the portfolio. The number of shares held decreased by 2.69% from the previous quarter.
Notably, despite the reduction in share count, its portfolio weight still rose from 5.22% to 5.75%, mainly driven by the combined effect of NVIDIA's stock price appreciation during the period and changes in the portfolio's total market value.
Consumer electronics giant Apple (AAPL.US) ranks second, with approximately 192 million shares held, a position value of about $63.921 billion, representing 5.02% of the portfolio. The number of shares held increased by 2.12% from the previous quarter.
Software and cloud computing giant Microsoft (MSFT.US) ranks third, with approximately 103 million shares held, a position value of about $52.750 billion, representing 4.14% of the portfolio. The number of shares held increased by 2.59% from the previous quarter.
Memory chip manufacturer Micron Technology (MU.US) ranks fourth, with approximately 36.39 million shares held, a position value of about $38.760 billion, representing 3.04% of the portfolio. The number of shares held increased by 0.21% from the previous quarter.
E-commerce and cloud computing giant Amazon (AMZN.US) ranks fifth, with approximately 145 million shares held, a position value of about $36.093 billion, representing 2.83% of the portfolio. The number of shares held increased by 0.73% from the previous quarter.
The other top holdings ranked sixth through tenth are: chip manufacturer AMD (AMD.US) (position value of approximately $33.042 billion, 2.59%), Google parent Alphabet's Class A shares (GOOGL.US) (approximately $31.445 billion, 2.47%), and social media giant Meta (META.US) (approximately $28.093 billion, 2.20%). Alphabet's Class C shares (GOOG.US) rank ninth, with a position value of approximately $22.750 billion, representing 1.79% of the portfolio. Semiconductor giant Broadcom (AVGO.US) ranks tenth, with a position value of approximately $22.391 billion, representing 1.76% of the portfolio.
Sector Distribution: Information Technology Holds Overwhelming Dominance
From a sector perspective, information technology is the largest sector by portfolio weight in Invesco's 13F report, occupying six of the top ten holdings (NVIDIA, Apple, Microsoft, Micron Technology, AMD, and Broadcom); Alphabet's two share classes and Meta belong to the communication services sector, taking three spots; Amazon belongs to the consumer discretionary sector, taking one spot.
Heavy Bet on SpaceX, Semiconductor Hardware Abandoned
In terms of changes in portfolio weightings, Invesco's top five purchases were: commercial space company SpaceX (SPCX.US), Microsoft, Apple, Meta, and cybersecurity company CrowdStrike (CRWD.US).
Among these, SpaceX was not a newly disclosed position — Invesco already held approximately 3.8595 million shares in the previous quarter. During the quarter, it added approximately 113 million shares, an increase of nearly 29-fold, bringing the position value to approximately $17.634 billion. It jumped to become the thirteenth-largest holding, highlighting the top asset manager's strong bullishness on the hardcore space technology sector.
In contrast, Invesco reduced its exposure to traditional semiconductor hardware and equipment giants this quarter. Invesco's top five sales were: semiconductor equipment manufacturer Applied Materials (AMAT.US), semiconductor equipment maker Lam Research (LRCX.US), Broadcom, storage device manufacturer Western Digital (WDC.US), and mobile advertising technology company AppLovin (APP.US).
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