BlackRock's latest portfolio adjustments have been revealed, showing increased positions in Nvidia, Apple, and Microsoft among others.

According to a filing with the U.S. Securities and Exchange Commission (SEC), the asset management giant submitted its Q4 portfolio report (Form 13F) for the period ending December 31, 2025. The total market value of BlackRock's holdings in the fourth quarter was $5.92 trillion, representing a quarter-over-quarter increase of 3.67%. During this period, BlackRock added 247 new stocks to its portfolio while completely divesting from 165 others. The top ten holdings accounted for 30.41% of the total portfolio value.

The top five purchases were Alphabet Class A shares, Alphabet Class C shares, Eli Lilly, Micron Technology (MU), and Apple. The top five sales included SPDR S&P 500 ETF Call options (SPY.CALL), ServiceNow (NOW), MicroStrategy (MSTR), AT&T (T), and Kellanova (K, now delisted).

The top ten holdings demonstrate a significant concentration in technology stocks, specifically including Nvidia (NVDA), Apple (AAPL), Microsoft (MSFT), Amazon.com (AMZN), Alphabet Class A shares (GOOGL), Broadcom (AVGO), Alphabet Class C shares (GOOG), Meta Platforms (META), Tesla (TSLA), and Eli Lilly (LLY).

In the fourth quarter, BlackRock increased its positions in core technology stocks to varying degrees. Its holding in Nvidia rose by 0.75% compared to the previous quarter, amounting to approximately 1.943 billion shares with a market value of about $362.521 billion, representing 6.13% of the portfolio and solidifying its position as the top holding.

The position in Apple increased by 0.73%, reaching about 1.155 billion shares valued at approximately $313.907 billion, accounting for 5.31% of the portfolio and ranking as the second-largest holding.

Furthermore, BlackRock raised its stake in Microsoft by 1.70%, holding roughly 602 million shares valued at around $291.089 billion, which constitutes 4.92% of the investment portfolio. The position in Amazon.com also increased by 1.67%, with about 734 million shares held, valued at approximately $169.508 billion and representing 2.87% of the portfolio.

The holding in Alphabet Class A shares grew by 3.16% from the prior quarter, totaling approximately 442 million shares with a market value of about $138.342 billion, accounting for 2.34% of the portfolio and ranking as the fifth-largest holding.

Beyond boosting stakes in core technology companies, BlackRock also established positions in new sectors such as advanced materials and chemicals. For instance, in the fourth quarter, it initiated a position in Solstice Advanced Materials (SOLS), with a holding value of approximately $838 million, and a new position in chemical company Qnity Electronics (Q), valued at around $1.3 billion.

According to the 13F filing, BlackRock's strategy towards electric vehicle makers showed divergence. The firm significantly increased its holdings in NIO (NIO) and XPeng (XPEV) during the fourth quarter, while making a minor reduction in its position in Li Auto (LI).

Specifically, BlackRock increased its holding of NIO's American depositary shares by 3.3759 million shares to 5.5827 million shares, a quarter-over-quarter increase of 153%. The total market value of this holding grew by 69.3% to $28.472 million.

BlackRock also raised its stake in XPeng by 779,800 shares to 2.8721 million shares, a 37% increase quarter-over-quarter, with the holding's value reaching $58.246 million.

Conversely, BlackRock reduced its holding of Li Auto by 61,400 shares to 826,200 shares, a decrease of 7% from the previous quarter. The market value of this position was $13.987 million.