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Fidelity 2025-2026: where it broke with the board

At least 6,052 proposals in the 2025-2026 proxy season: Fidelity voted against, or withheld its votes from, at least 6,000 proposals put forward by company boards, and voted for 52 shareholder proposals, by its own Form N-PX filings.

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
Zijin Mining Group Co., Ltd. December 31, 2025 Elect Wu Honghui as Director Director Elections Board AGAINST 17
Zijin Mining Group Co., Ltd. December 31, 2025 Elect Wu Jianhui as Director Director Elections Board AGAINST 17
Zijin Mining Group Co., Ltd. December 31, 2025 Elect Zheng Youcheng as Director Director Elections Board AGAINST 17
Zijin Mining Group Co., Ltd. December 31, 2025 Elect Zou Laichang as Director Director Elections Board AGAINST 17
Zillow Group, Inc. June 2, 2026 Election of Directors: Amy C. Bohutinsky Director Elections Board AGAINST 17
Zillow Group, Inc. June 2, 2026 Election of Directors: Jay C. Hoag Director Elections Board AGAINST 17
eXp World Holdings, Inc. May 8, 2026 Approve the redomestication of eXp World Holdings, Inc. from Delaware to Texas by conversion. Extraordinary Transactions Board AGAINST 17
Anheuser-Busch InBev NV April 29, 2026 Acknowledge Resignation of Heloisa Sicupira as Director and Elect Miguel Patricio as Director Director Elections Board AGAINST 16
Anheuser-Busch InBev NV April 29, 2026 Acknowledge Resignation of Nitin Nohria as Director and Elect Fabrizio Freda as Director Director Elections Board AGAINST 16
Anheuser-Busch InBev NV April 29, 2026 Approve Remuneration Policy Compensation Board AGAINST 16
Anheuser-Busch InBev NV April 29, 2026 Approve Remuneration Report Compensation Board AGAINST 16
Anheuser-Busch InBev NV April 29, 2026 Reelect Alejandro Santo Domingo as Restricted Share Director Director Elections Board AGAINST 16
Apartment Investment and Management Company February 6, 2026 Compensation Proposal. To approve, on a non-binding, advisory basis, the specified compensation that may be paid or become payable to Aimco's named executive officers in connection with the Plan of Sale and Liquidation. Say-on-Pay Board AGAINST 16
Atlassian Corporation December 2, 2025 Election of Directors: Richard P. Wong Director Elections Board AGAINST 16
Banco BPM SpA April 16, 2026 Elect Alberto Oliveti as Director Director Elections Board AGAINST 16
Banco BPM SpA April 16, 2026 Elect Cecilia Rossignoli as Director Director Elections Board AGAINST 16
Banco BPM SpA April 16, 2026 Elect Elisa Corghi as Director Director Elections Board AGAINST 16
Banco BPM SpA April 16, 2026 Elect Giorgio Mion as Director Director Elections Board AGAINST 16
Banco BPM SpA April 16, 2026 Elect Manuela Soffientini as Director Director Elections Board AGAINST 16
Banco BPM SpA April 16, 2026 Elect Marco Bragadin as Director Director Elections Board AGAINST 16
Banco BPM SpA April 16, 2026 Elect Maurizio Comoli as Director Director Elections Board AGAINST 16
Banco BPM SpA April 16, 2026 Elect Milena Teresa Motta as Director Director Elections Board AGAINST 16
Banco BPM SpA April 16, 2026 Elect Pietro Grassano as Director Director Elections Board AGAINST 16
Banco BPM SpA April 16, 2026 Elect Savino Casamassima as Director Director Elections Board AGAINST 16
Banco BPM SpA April 16, 2026 Elect Teresa Naddeo as Director Director Elections Board AGAINST 16
Beiersdorf AG April 23, 2026 Approve Remuneration Report Compensation Board AGAINST 16
Black Rock Coffee Bar, Inc. May 27, 2026 The election of Class I directors: Jeff Hernandez Director Elections Board WITHHOLD 16
Bouygues SA April 23, 2026 Approve Compensation of Pascal Grange, Vice-CEO Compensation Board AGAINST 16
Bouygues SA April 23, 2026 Approve Remuneration Policy of CEO and Vice-CEOs Compensation Board AGAINST 16
Bouygues SA April 23, 2026 Authorize Repurchase of Up to 5 Percent of Issued Share Capital Capital Structure Board AGAINST 16
Calavo Growers, Inc. April 28, 2026 The Merger-Related Compensation Proposal - A non-binding, advisory proposal to approve compensation that will or may become payable by Calavo to its named executive officers in connection with the transactions contemplated by the Merger Agreement. Say-on-Pay Board AGAINST 16
Carvana Co. May 5, 2026 Election of Directors: Neha Parikh Director Elections Board WITHHOLD 16
Celcuity Inc. May 14, 2026 Elect eight directors: David F. Dalvey Director Elections Board WITHHOLD 16
Celcuity Inc. May 14, 2026 To approve the Celcuity Inc. 2026 Stock Incentive Plan. Compensation Board AGAINST 16
Celcuity Inc. May 14, 2026 To approve, on an advisory basis, named executive officer compensation. Say-on-Pay Board AGAINST 16
Central Bancompany, Inc. May 4, 2026 Election of Directors: E. Stanley Kroenke Class I director Director Elections Board AGAINST 16
China Petroleum & Chemical Corp. May 13, 2026 Approve Grant of General Mandate to the Board to Issue New Domestic Shares and/or Overseas-Listed Foreign Shares Capital Structure Board AGAINST 16
Choice Hotels International, Inc. May 21, 2026 Election of Directors: Ervin R. Shames Director Elections Board AGAINST 16
Clearway Energy, Inc. April 29, 2026 Election of Directors: Daniel B. More Director Elections Board WITHHOLD 16
Fidelity National Information Services, Inc. June 10, 2026 To approve, on an advisory basis, the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 16
Hanmi Financial Corporation May 27, 2026 Election of Directors: Gideon Yu Director Elections Board AGAINST 16
Hansoh Pharmaceutical Group Company Limited June 26, 2026 Authorize Board to Fix Remuneration of Directors Compensation Board AGAINST 16
Hansoh Pharmaceutical Group Company Limited June 26, 2026 Elect Zhong Huijuan as Director Director Elections Board AGAINST 16
Hong Kong Exchanges and Clearing Limited April 29, 2026 Elect Gordon Robert Halyburton Orr as Director Director Elections Board AGAINST 16
Hut 8 Corp. June 11, 2026 To approve, on an advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 16
Insight Enterprises, Inc. May 13, 2026 Election of Directors: Anthony A. Ibarguen Director Elections Board AGAINST 16
Insight Enterprises, Inc. May 13, 2026 Election of Directors: Bruce W. Armstrong Director Elections Board AGAINST 16
Insight Enterprises, Inc. May 13, 2026 Election of Directors: Janet Foutty Director Elections Board AGAINST 16
Insight Enterprises, Inc. May 13, 2026 Election of Directors: Linda M. Breard Director Elections Board AGAINST 16
Insight Enterprises, Inc. May 13, 2026 Election of Directors: Richard E. Allen Director Elections Board AGAINST 16
Japan Post Holdings Co., Ltd. June 24, 2026 Elect Director Negishi, Kazuyuki Director Elections Board AGAINST 16
KDDI Corp. June 17, 2026 Elect Director Takahashi, Makoto Director Elections Board AGAINST 16
Knight-Swift Transportation Holdings Inc. May 12, 2026 Vote on a stockholder proposal regarding support for transparency in political spending. Other Social Issues Shareholder Against FOR 16
MMG Limited May 28, 2026 Authorize Board to Fix Remuneration of Directors Compensation Board AGAINST 16
Madison Square Garden Sports Corp. December 8, 2025 Election of the following nominees as directors: Nelson Peltz Director Elections Board WITHHOLD 16
Maze Therapeutics, Inc. June 8, 2026 Election of Class I Directors: Neil Kumar, Ph.D. Director Elections Board WITHHOLD 16
Meesho Limited February 12, 2026 Approve Extension of Benefits of Meesho Limited Employee Stock Option Plan 2024 to the Employees of Subsidiaries Compensation Board AGAINST 16
Meesho Limited February 12, 2026 Approve Ratification and Amend of Meesho Limited Employee Stock Option Plan 2024 Compensation Board AGAINST 16
Mobileye Global Inc. June 18, 2026 Advisory vote on executive compensation. Say-on-Pay Board AGAINST 16
Navan, Inc. June 25, 2026 The election of the three Class I director nominees listed below: Ariel Cohen Director Elections Board WITHHOLD 16
Nippon Yusen KK June 17, 2026 Elect Director Kuwabara, Satoko Director Elections Board AGAINST 16
Nurix Therapeutics, Inc. May 15, 2026 To approve, a non-binding advisory basis, the compensation of the Company's named executive officers as disclosed in the Proxy Statement. Say-on-Pay Board AGAINST 16
Peloton Interactive, Inc. December 9, 2025 Election of Directors: Chris Bruzzo Director Elections Board WITHHOLD 16
Pony AI Inc. April 2, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights for Additional Class A Ordinary Shares and/or ADSs Capital Structure Board AGAINST 16
Pony AI Inc. April 2, 2026 Authorize Reissuance of Additional Shares and/or ADSs Capital Structure Board AGAINST 16
Red Rock Resorts, Inc. June 4, 2026 Election of 5 director nominees: James E. Nave, D.V.M. Director Elections Board WITHHOLD 16
Red Rock Resorts, Inc. June 4, 2026 Election of 5 director nominees: Robert E. Lewis Director Elections Board WITHHOLD 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Abdulazeez Al Bakr as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Abdulazeez Al Habdan as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Abdulazeez Al Hameed as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Abdulazeez Al Tuweejri as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Abdulazeez Al Zumam as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Abduliah Al Tounisi as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Abdullah Al Bakr as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Abdullah Al Feefi as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Abdullah Al Shamrani as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Abdullah Balaamsh as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Abdulrahman Al Faqeeh as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Abdulrahman Al Shubaysheeri as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Abdulrahman Al Zugheebi as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Abdulwahab Abou Kweek as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Abulazeez Al Tuaaymi as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Ahmed Al Rashid as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Anas Kintab as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Bandar Al Rubeean as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Bashar Kayali as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Fahd Al Ajmi as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Fahd Al Mutrafi as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Husam Al Deen Sadaqah as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Ibraheem Al Oseemi as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Ibraheem Khan as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Ismaeel Al Sayid as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Iyad Shareef as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Khalid Al Rabeeah as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Majid Al Baddah as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Majid Fattah as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Mohammed Al Anzi as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Mohammed Al Nahas as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Mohammed Al Oteebi as Director Director Elections Board ABSTAIN 16
SABIC Agri-Nutrients Co. March 26, 2026 Elect Mohammed Al Razouq as Director Director Elections Board ABSTAIN 16

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