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Fidelity 2025-2026: where it broke with the board

Two kinds of vote are listed: a board-sponsored proposal Fidelity voted AGAINST or withheld on, and a shareholder proposal it voted FOR, with the board’s recommendation on it where the filings show one. A FOR vote on a proposal the board supported, or took no position on, is listed and labelled, but it is not a vote against the board. One row is one proposal at one meeting; “funds” is how many of the manager’s funds or accounts voted that way.

Everything Only shareholder proposals it backed

6,052 proposals. The board-sponsored half of this list keeps the 6,000 proposals with the most funds behind them; the rest are in the interactive database. Every shareholder proposal it backed is listed in full.

Fidelity, 2025-2026 proxy season. Who put a proposal on the ballot is taken from the filer’s own N-PX answer (Item 1(h)), or, marked “inferred”, from its category and wording where the filing does not say; see how we count these.
CompanyMeetingProposalCategory On the ballot fromBoard recommendedFidelity votedFunds
TopBuild Corp. June 29, 2026 Adoption of the Agreement and Plan of Merger, dated as of April 18, 2026, by and among QXO, Inc. ("QXO"), Titanium MergerCo, Inc. ("Titanium Merger Sub"), Titanium MergerCo 2, LLC ("Forward Merger Sub"), and TopBuild Corp. ("TopBuild") (as that agreement may be amended from time to time, the "merger agreement"), pursuant to which (a) Titanium Merger Sub will merge with and into TopBuild, with TopBuild surviving as a wholly owned subsidiary of QXO (the "Titanium Merger" and the surviving corporation, the "surviving corporation"), and (b) immediately following the Titanium Merger, the surviving corporation will merge with and into Forward Merger Sub, with Forward Merger Sub continuing as the surviving company (together with the Titanium Merger, the "mergers"). Extraordinary Transactions Board AGAINST 19
Zai Lab Limited June 17, 2026 THAT, on an advisory basis, the compensation of the Company's named executive officers, as disclosed in the proxy statement, is hereby approved. Say-on-Pay Board AGAINST 19
3i Group PLC June 25, 2026 Approve Remuneration Policy Compensation Board AGAINST 18
Aeva Technologies, Inc. June 18, 2026 Election of Class II Directors: Stephen Zadesky Director Elections Board WITHHOLD 18
Aldar Properties PJSC April 2, 2026 Approve Remuneration of Directors for FY 2025 Compensation Board AGAINST 18
AppLovin Corporation June 3, 2026 Election of Directors: MARGARET GEORGIADIS Director Elections Board WITHHOLD 18
Bank Leumi Le-Israel B.M. September 15, 2025 Elect Anat Peled as Other Director Director Elections Board ABSTAIN 18
Bank Leumi Le-Israel B.M. September 15, 2025 Elect Eyal Yaniv as External Director Director Elections Board ABSTAIN 18
Bitmine Immersion Technologies, Inc. January 15, 2026 To approve the charter amendment to increase the number of authorized shares of Common Stock. Capital Structure Board AGAINST 18
Bitmine Immersion Technologies, Inc. January 15, 2026 To approve, on a non-binding advisory basis, the special, performance-based compensation arrangement for the executive chairman. Compensation Board AGAINST 18
CME Group Inc. June 9, 2026 Advisory vote on the compensation of our named executive officers. Say-on-Pay Board AGAINST 18
Coty Inc. November 6, 2025 Approval, on an advisory (non-binding) basis, of the compensation of Coty Inc.'s named executive officers, as disclosed in the proxy statement Say-on-Pay Board AGAINST 18
Dassault Aviation SA May 13, 2026 Approve Compensation Report Compensation Board AGAINST 18
Dassault Aviation SA May 13, 2026 Approve Compensation of Eric Trappier, Chairman and CEO Compensation Board AGAINST 18
Dassault Aviation SA May 13, 2026 Approve Compensation of Loik Segalen, Vice-CEO Compensation Board AGAINST 18
Dassault Aviation SA May 13, 2026 Approve Remuneration Policy of Chairman and CEO Compensation Board AGAINST 18
Dassault Aviation SA May 13, 2026 Approve Remuneration Policy of Vice-CEO Compensation Board AGAINST 18
Dassault Aviation SA May 13, 2026 Authorize Repurchase of Up to 10 Percent of Issued Share Capital Capital Structure Board AGAINST 18
Dassault Aviation SA May 13, 2026 Reelect Henri Proglio as Director Director Elections Board AGAINST 18
Dassault Systemes SE May 20, 2026 Reelect Pascal Daloz as Director Director Elections Board AGAINST 18
Dillard's, Inc. August 19, 2025 To approve the reincorporation of the Company from the State of Delaware to the State of Texas by conversion. Extraordinary Transactions Board AGAINST 18
Diversified Healthcare Trust June 10, 2026 Election of Trustees. Nominees (for Managing Trustee): Adam Portnoy Director Elections Board WITHHOLD 18
Element Solutions Inc May 4, 2026 Advisory vote to approve the Company's 2025 executive compensation Say-on-Pay Board AGAINST 18
Equatorial SA April 30, 2026 Approve Remuneration of Company's Management and Fiscal Council Compensation Board AGAINST 18
Fomento Economico Mexicano SAB de CV March 27, 2026 Elect Alejandro Bailleres Gual as Director Director Elections Board AGAINST 18
Fox Corporation November 14, 2025 Proposal to elect 7 directors: Paul D. Ryan Director Elections Board AGAINST 18
HCI Group, Inc. June 10, 2026 Approval, on an advisory basis, of the compensation of the named executive officers. Say-on-Pay Board AGAINST 18
Heidrick & Struggles International, Inc. December 5, 2025 To approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to Heidrick's named executive officers that is based on or otherwise relates to the Merger Agreement and the transactions contemplated thereby. Say-on-Pay Board AGAINST 18
Houlihan Lokey, Inc. September 17, 2025 To elect three Class I directors to our board of directors: Paul A. Zuber Director Elections Board WITHHOLD 18
IDT Corporation December 11, 2025 Election of Directors: Eric F. Cosentino Director Elections Board AGAINST 18
IDT Corporation December 11, 2025 To approve an amendment to the IDT Corporation 2024 Equity Incentive Plan that will increase the number of shares of the Company's Class B Common Stock available for the grant of awards thereunder by an additional 175,000. Compensation Board AGAINST 18
International Container Terminal Services, Inc. April 16, 2026 Approve Cancellation of Remaining Unissued Preferred A Shares after Conversion Capital Structure Board AGAINST 18
International Container Terminal Services, Inc. April 16, 2026 Approve Chief Executive Officer Stock Option Plan (CSOP) Compensation Board AGAINST 18
International Container Terminal Services, Inc. April 16, 2026 Approve Creation of Preferred C Shares and Conversion of Unissued Preferred A Shares to Preferred C Shares Capital Structure Board AGAINST 18
International Container Terminal Services, Inc. April 16, 2026 Approve Decrease of Authorized Capital Stock Capital Structure Board AGAINST 18
International Container Terminal Services, Inc. April 16, 2026 Elect Andres Soriano III as Director Director Elections Board ABSTAIN 18
International Container Terminal Services, Inc. April 16, 2026 Elect Diosdado M. Peralta as Director Director Elections Board ABSTAIN 18
International Container Terminal Services, Inc. April 16, 2026 Elect Jose C. Ibazeta as Director Director Elections Board ABSTAIN 18
International Container Terminal Services, Inc. April 16, 2026 Elect Martin O'Neil as Director Director Elections Board ABSTAIN 18
International Container Terminal Services, Inc. April 16, 2026 Elect Stephen A. Paradies as Director Director Elections Board ABSTAIN 18
Merus N.V. December 9, 2025 Non-binding advisory proposal to approve certain compensation arrangements Say-on-Pay Board AGAINST 18
Mitsubishi UFJ Financial Group, Inc. June 26, 2026 Elect Director Shimizu, Hiroshi Director Elections Board AGAINST 18
Mitsubishi UFJ Financial Group, Inc. June 26, 2026 Elect Director Ueda, Teruhisa Director Elections Board AGAINST 18
NovoCure Limited June 3, 2026 The approval of our amended and restated 2024 Omnibus Incentive Plan. Compensation Board AGAINST 18
Palantir Technologies Inc. June 3, 2026 Election of Directors: Alexander Moore Director Elections Board WITHHOLD 18
Palantir Technologies Inc. June 3, 2026 Election of Directors: Alexandra Schiff Director Elections Board WITHHOLD 18
PotlatchDeltic Corporation January 27, 2026 The PotlatchDeltic merger-related compensation proposal: A proposal to approve, on a non-binding advisory basis, the compensation that may be paid or become payable to the named executive officers of PotlatchDeltic in connection with the transactions contemplated by the merger agreement. Say-on-Pay Board AGAINST 18
Regeneron Pharmaceuticals, Inc. June 12, 2026 Election of Directors: Joseph L. Goldstein, M.D. Director Elections Board AGAINST 18
Rocket Lab Corporation August 27, 2025 To approve, on a non-binding advisory basis, the compensation of our named executive officers disclosed in the accompanying proxy statement. Say-on-Pay Board AGAINST 18
Talkspace, Inc. May 29, 2026 To approve, by advisory (non-binding) vote, the compensation that may be paid or become payable to the Company's named executive officers of the Company in connection with the consummation of the merger. Say-on-Pay Board AGAINST 18
The Southern Company May 13, 2026 Approve amendments to the Restated Certificate of Incorporation to authorize the issuance of preferred stock Capital Structure Board AGAINST 18
Tokio Marine Holdings, Inc. June 29, 2026 Elect Director Koike, Masahiro Director Elections Board AGAINST 18
Tyson Foods, Inc. February 5, 2026 Election of Directors: Cheryl S. Miller Director Elections Board AGAINST 18
Yangzijiang Shipbuilding (Holdings) Ltd. April 28, 2026 Elect Yee Kee Shian, Leon as Director Director Elections Board AGAINST 18
A. O. Smith Corporation April 13, 2026 Election of directors: Dr. Ilham Kadri Director Elections Board WITHHOLD 17
ACM Research, Inc. June 10, 2026 Election of Directors: Charles Pappis Director Elections Board WITHHOLD 17
AppFolio, Inc. June 12, 2026 Election of Class II Directors: Olivia Nottebohm Director Elections Board WITHHOLD 17
Appian Corporation June 3, 2026 To approve the Appian Corporation Amended and Restated 2017 Equity Incentive Plan. Compensation Board AGAINST 17
Bank Hapoalim BM August 21, 2025 Elect Amira Sharon as Director Director Elections Board ABSTAIN 17
Bank Hapoalim BM August 21, 2025 Elect Claudio Yarza as External Director Director Elections Board ABSTAIN 17
Bank Hapoalim BM August 21, 2025 Elect Saul Gelbard as External Director as Defined in Directive 301 Director Elections Board ABSTAIN 17
Convatec Group Plc May 21, 2026 Re-elect Constantin Coussios as Director (WITHDRAWN) Director Elections Board ABSTAIN 17
DigitalBridge Group, Inc. April 23, 2026 To approve, on a non-binding, advisory basis, certain compensation that will or may be paid by DigitalBridge to its named executive officers that is based on or otherwise relates to the mergers. Say-on-Pay Board AGAINST 17
Duolingo, Inc. June 3, 2026 Election of Class II Directors: Amy Bohutinsky Director Elections Board WITHHOLD 17
FIGS, Inc. June 3, 2026 Election of Directors: Melanie Whelan Director Elections Board WITHHOLD 17
IDT Corporation December 11, 2025 Election of Directors: Howard S. Jonas Director Elections Board AGAINST 17
Interactive Brokers Group, Inc. April 23, 2026 To approve an amendment to the Company's 2007 Stock Incentive Plan. Compensation Board AGAINST 17
Kweichow Moutai Co., Ltd. June 11, 2026 Approve to Formulate Management Measures for Remuneration and Performance Evaluation of Directors and Senior Management Compensation Board AGAINST 17
Liberty Broadband Corporation May 11, 2026 Election of Directors: John E. Welsh III Director Elections Board WITHHOLD 17
Liberty Global Ltd. June 23, 2026 Election of Directors: Miranda Curtis CMG Director Elections Board WITHHOLD 17
Lucid Group, Inc. June 4, 2026 Election of directors: Turqi Alnowaiser Director Elections Board WITHHOLD 17
MS&AD Insurance Group Holdings, Inc. June 22, 2026 Elect Director Funabiki, Shinichiro Director Elections Board AGAINST 17
Marqeta, Inc. June 10, 2026 To approve, on a non-binding advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 17
News Corporation November 19, 2025 Election of 6 Directors: Jose Maria Aznar Director Elections Board AGAINST 17
Plymouth Industrial REIT, Inc. January 22, 2026 To approve, by a non-binding, advisory vote, the compensation that may be paid or become payable to the Company's named executive officers in connection with the transactions contemplated by the Merger Agreement; and Say-on-Pay Board AGAINST 17
Power Grid Corporation of India Limited August 26, 2025 Elect Abhay Bakre as Director Director Elections Board AGAINST 17
Power Grid Corporation of India Limited August 26, 2025 Reelect Naveen Srivastava as Director Director Elections Board AGAINST 17
Power Grid Corporation of India Limited August 26, 2025 Reelect Yatindra Dwivedi as Director Director Elections Board AGAINST 17
Precigen, Inc. June 18, 2026 Company Proposal - Election of Directors: Vinita Gupta Director Elections Board AGAINST 17
Ralph Lauren Corporation July 31, 2025 Election of three (3) Class A Directors. Nominees as Class A Directors: Angela Ahrendts Director Elections Board WITHHOLD 17
Reddit, Inc. June 8, 2026 Election of Directors: Robert A. Sauerberg Director Elections Board WITHHOLD 17
Revolve Group, Inc. June 5, 2026 The election of directors: Michael Karanikolas Director Elections Board WITHHOLD 17
Rocket Companies, Inc. June 10, 2026 Election of Class III Directors: Varun Krishna Director Elections Board WITHHOLD 17
Somnigroup International, Inc. May 13, 2026 ADVISORY VOTE TO APPROVE THE COMPENSATION OF NAMED EXECUTIVE OFFICERS; AND Say-on-Pay Board AGAINST 17
Stoke Therapeutics, Inc. June 3, 2026 To approve, on an advisory basis, the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 17
Summit Therapeutics Inc. June 10, 2026 Approval, by a non-binding advisory vote, of the compensation of our named executive officers. Say-on-Pay Board AGAINST 17
TG Therapeutics, Inc. June 11, 2026 Election of Directors: Kenneth Hoberman Director Elections Board WITHHOLD 17
U-Haul Holding Company August 21, 2025 Election of Directors: John P. Brogan Director Elections Board WITHHOLD 17
WH Group Limited May 8, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 17
WH Group Limited May 8, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 17
Weatherford International plc June 11, 2026 Scheme Related Business If the Scheme of Arrangement proposal is approved at the Court Meeting: To approve the Scheme of Arrangement by, and on behalf of, Weatherford International plc ("Weatherford-Ireland') and to authorize the directors of Weatherford-Ireland to take all such actions as they consider necessary or appropriate for carrying the Scheme of Arrangement into effect. Extraordinary Transactions Board AGAINST 17
Weatherford International plc June 11, 2026 To agree to a scheme of arrangement under Chapter 1 of Part 9 of the Companies Act 2014, as amended, substantially in the form attached as Annex C to the Proxy Statement, that, once it becomes effective, will result in you owning common stock of Weatherford International Corp Instead of ordinary shares of Weatherford international plc. Extraordinary Transactions Board AGAINST 17
Weatherford International plc June 11, 2026 To approve a capital reduction under sections 84 to 86 of the Companies Act to effect the cancellation of Weatherford-Ireland ordinary shares contemplated by the Scheme of Arrangement. Capital Structure Board AGAINST 17
Weatherford International plc June 11, 2026 To approve the terms of an initial subscription, allotment and issue of one, or more, Weatherford-Ireland ordinary shares to Weatherford International Corp ("Weatherford-US") in connection with the Scheme of Arrangement. Extraordinary Transactions Board AGAINST 17
Weatherford International plc June 11, 2026 To authorize the directors of Weatherford-Ireland to allot and issue further new Weatherford-Ireland ordinary shares to Weatherford-US in connection with the Scheme of Arrangement to be paid up by the application of certain reserves as described in the Scheme of Arrangement. Extraordinary Transactions Board AGAINST 17
Yapi ve Kredi Bankasi AS March 12, 2026 Approve Director Remuneration Compensation Board AGAINST 17
Yapi ve Kredi Bankasi AS March 12, 2026 Elect Directors Director Elections Board AGAINST 17
Zijin Mining Group Co., Ltd. December 31, 2025 Elect Li Jian as Director Director Elections Board AGAINST 17
Zijin Mining Group Co., Ltd. December 31, 2025 Elect Lin Hongfu as Director Director Elections Board AGAINST 17
Zijin Mining Group Co., Ltd. December 31, 2025 Elect Shen Shaoyang as Director Director Elections Board AGAINST 17

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Built November 7, 2026 from SEC Form N-PX filings.