Invesco Q2 Holdings: NVIDIA replaces Microsoft as the top holding, tech stocks remain favored while pharmaceutical stocks see reductions

Zhitong
2025.08.14 08:15
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Invesco released its second-quarter holdings report as of June 30, 2025, with a total market value of holdings reaching USD 590 billion, an increase of 11% quarter-on-quarter. NVIDIA has replaced Microsoft as the top holding, with a market value of approximately USD 21.8 billion, accounting for 3.71% of the portfolio. Microsoft ranks second, with a market value of approximately USD 21.6 billion. Technology stocks remain favored, while pharmaceutical stocks have been reduced

According to the disclosure by the U.S. Securities and Exchange Commission (SEC), global asset management giant Invesco submitted its second-quarter holdings report (13F) for the period ending June 30, 2025.

Statistics show that Invesco's total market value of holdings in the second quarter reached $590 billion, up from $530 billion in the previous quarter, representing an 11% quarter-on-quarter increase. Invesco added 183 new stocks to its portfolio in the second quarter and increased its holdings in 1,683 stocks; at the same time, it reduced its holdings in 1,841 stocks and completely exited 193 stocks. The top ten holdings of Invesco accounted for 19.96% of the total market value.

Among the top five holdings, NVIDIA (NVDA.US) ranked first, with approximately 139 million shares held, a market value of about $21.8 billion, accounting for 3.71% of the portfolio, an increase of 4.19% from the previous quarter.

Microsoft (MSFT.US) ranked second, with approximately 43.47 million shares held, a market value of about $21.6 billion, accounting for 3.68% of the portfolio, an increase of 8.32% from the previous quarter.

Apple (AAPL.US) ranked third, with approximately 70.9 million shares held, a market value of about $14.5 billion, accounting for 2.47% of the portfolio, an increase of 6.03% from the previous quarter.

Amazon (AMZN.US) ranked fourth, with approximately 60.93 million shares held, a market value of about $13.4 billion, accounting for 2.27% of the portfolio, an increase of 1.64% from the previous quarter.

Meta (META.US) ranked fifth, with approximately 17.01 million shares held, a market value of about $12.6 billion, accounting for 2.14% of the portfolio, a decrease of 3.73% from the previous quarter.

Invesco's sixth to tenth largest holdings are: Broadcom (AVGO.US), Alphabet (GOOGL.US), Netflix (NFLX.US), Tesla (TSLA.US), and Costco (COST.US). Among these, the number of shares held in Broadcom, Alphabet, and Tesla has increased compared to the previous quarter, indicating that Invesco remains bullish on large-cap tech stocks.

From the changes in holding proportions, the top five bought stocks are: NVIDIA, Microsoft, Broadcom, Palantir (PLTR.US), and Oracle (ORCL.US).

The top five sold stocks are: UnitedHealth (UNH.US), Johnson & Johnson (JNJ.US), Chevron (CVX.US), Fiserv (FI.US), and AbbVie (ABBV.US)

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