The third quarter of 2025 revealed striking shifts in fund positions across U.S. equities, with technology and digital platforms driving the largest increases. Yet, not all mega-cap firms shared in the gains—Apple notably saw a significant decline.
Bar chart showing Q3 2025 fund position changes. Nvidia leads with a $618 billion increase, followed by Microsoft at $437 billion, Broadcom at $322 billion, Meta at $206 billion, and Netflix at $122 billion. Apple shows a $366 billion decline, contrasting with gains among other tech leaders.