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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
Inspire Medical Systems, Inc. April 30, 2026 Approval of an amendment and restatement of the Inspire Medical Systems, Inc. 2018 Incentive Award Plan. Compensation Board AGAINST 3
Interactive Brokers Group, Inc. April 23, 2026 To approve, by non-binding vote, executive compensation. Say-on-Pay Board (inferred) AGAINST 3
Inventiva SA June 30, 2026 Approve Issuance of Equity or Equity-Linked Securities Reserved for One or More Specifically Designated Persons up to Aggregate Nominal Amount of EUR 1 Million Capital Structure Board AGAINST 3
Inventiva SA June 30, 2026 Approve Issuance of Equity or Equity-Linked Securities Reserved for Specific Beneficiaries up to Aggregate Nominal Amount of EUR 2 Million Capital Structure Board AGAINST 3
Inventiva SA June 30, 2026 Approve Issuance of Equity or Equity-Linked Securities for Private Placements up to Aggregate Nominal Amount of EUR 1 Million Capital Structure Board AGAINST 3
Inventiva SA June 30, 2026 Approve Issuance of Warrants (BSA 2026) without Preemptive Rights Reserved for Specific Beneficiaries, up to 8.1 Percent of Issued Capital Compensation Board AGAINST 3
Inventiva SA June 30, 2026 Approve Remuneration Policy of Andrew Obenshain, CEO Compensation Board AGAINST 3
Inventiva SA June 30, 2026 Approve Remuneration Policy of Mark Pruzanski, Chairman of the Board Compensation Board AGAINST 3
Inventiva SA June 30, 2026 Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Under Items 22-27 Capital Structure Board AGAINST 3
Inventiva SA June 30, 2026 Authorize Capital Increase of Up to EUR 1 Million for Future Exchange Offers Capital Structure Board AGAINST 3
Inventiva SA June 30, 2026 Authorize Capital Increase of up to 20 Percent of Issued Capital for Contributions in Kind Capital Structure Board AGAINST 3
Inventiva SA June 30, 2026 Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 2 Million Capital Structure Board AGAINST 3
Inventiva SA June 30, 2026 Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 2 Million Capital Structure Board AGAINST 3
Inventiva SA June 30, 2026 Authorize Issuance of Warrants without Preemptive Rights Reserved for the European Investment Bank, up to Aggregate Nominal Amount of EUR 156,775.73 Capital Structure Board AGAINST 3
Inventiva SA June 30, 2026 Authorize Repurchase of Up to 10 Percent of Issued Share Capital Capital Structure Board AGAINST 3
Inventiva SA June 30, 2026 Authorize up to 8.1 Percent of Issued Capital for Use in Stock Option Plans Compensation Board AGAINST 3
Inventiva SA June 30, 2026 Reelect Heinz Maeusli as Director Director Elections Board AGAINST 3
IperionX Limited November 28, 2025 Approve Issuance of RSUs to Beverly Wyse Compensation Board AGAINST 3
IperionX Limited November 28, 2025 Approve Issuance of RSUs to Lorraine Martin Compensation Board AGAINST 3
IperionX Limited November 28, 2025 Approve Issuance of RSUs to Melissa Waller Compensation Board AGAINST 3
IperionX Limited November 28, 2025 Approve Issuance of RSUs to Tony Tripeny Compensation Board AGAINST 3
IperionX Limited November 28, 2025 Approve Issuance of RSUs to Vaughn Taylor Compensation Board AGAINST 3
IperionX Limited November 28, 2025 Elect Todd Hannigan as Director Director Elections Board AGAINST 3
Ituran Location & Control Ltd. December 16, 2025 Reelect Yoav Kahane as Director Director Elections Board AGAINST 3
Iveco Group NV June 17, 2026 Grant Board Authority to Issue Special Voting Shares Capital Structure Board AGAINST 3
Iveco Group NV June 17, 2026 Reelect Alessandro Nasi as Non-Executive Director Director Elections Board AGAINST 3
Iwatsuka Confectionery Co., Ltd. June 25, 2026 Elect Director Maki, Haruo Director Elections Board AGAINST 3
JBS NV April 30, 2026 Reelect Gilberto Tomazoni as Executive Director Director Elections Board AGAINST 3
JBS NV April 30, 2026 Reelect Joesley Mendonca Batista as Non-Executive Director Director Elections Board AGAINST 3
JCDecaux SE May 13, 2026 Approve Compensation Report of Corporate Officers Compensation Board AGAINST 3
JSW Infrastructure Ltd. July 15, 2025 Reelect Sajjan Jindal as Director Director Elections Board AGAINST 3
Jaguar Health, Inc. August 19, 2025 Approving an amendment and restatement of the Company's 2014 Stock Incentive Plan (the 2014 Plan") to increase the number of shares of Common Stock authorized for issuance under the 2014 Plan by 307,570 shares and extend the remaining term of the 2014 Plan to ten years. Compensation Board AGAINST 3
Jiangsu Hengrui Pharmaceuticals Co., Ltd. April 16, 2026 Approve Remuneration of Directors and Senior Management Members Compensation Board AGAINST 3
Johnson Electric Holdings Ltd. July 17, 2025 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 3
Johnson Electric Holdings Ltd. July 17, 2025 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 3
Kingsoft Cloud Holdings Limited June 30, 2026 Adopt 2026 Share Incentive Plan Compensation Board AGAINST 3
Kingsoft Cloud Holdings Limited June 30, 2026 Adopt Scheme Mandate Limit Compensation Board AGAINST 3
Kingsoft Cloud Holdings Limited June 30, 2026 Adopt Service Provider Sublimit Compensation Board AGAINST 3
Kingsoft Cloud Holdings Limited June 30, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 3
Kingsoft Cloud Holdings Limited June 30, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 3
Kiora Pharmaceuticals, Inc. June 10, 2026 To approve an amendment to the Company's 2024 Equity Incentive Plan to increase the maximum number of shares authorized for issuance thereunder by 1,500,000 shares. Compensation Board AGAINST 3
Kite Realty Group Trust May 14, 2026 Election of Trustees: Steven P. Grimes Director Elections Board AGAINST 3
Kone Oyj March 5, 2026 Approve Issuance of Shares and Options without Preemptive Rights Capital Structure Board AGAINST 3
Koza Anadolu Metal Madencilik Isletmeleri AS October 23, 2025 Approve Director Remuneration Compensation Board AGAINST 3
Koza Anadolu Metal Madencilik Isletmeleri AS October 23, 2025 Elect Directors Director Elections Board AGAINST 3
KunLun Energy Company Limited May 28, 2026 Authorize Board to Fix Remuneration of Directors Compensation Board AGAINST 3
Kuraray Co., Ltd. March 26, 2026 Appoint Statutory Auditor Fujii, Nobuyuki Compensation Board AGAINST 3
Kusuri No Aoki Holdings Co., Ltd. August 19, 2025 Elect Director Aoki, Hironori Director Elections Board AGAINST 3
Kusuri No Aoki Holdings Co., Ltd. August 19, 2025 Elect Director Aoki, Takanori Director Elections Board AGAINST 3
Kuyas Yatirim AS February 18, 2026 Approve Director Remuneration Compensation Board AGAINST 3
Kuyas Yatirim AS February 18, 2026 Elect Directors Director Elections Board AGAINST 3
L&K Engineering (Suzhou) Co., Ltd. April 7, 2026 Elect Jin Yong as Director Director Elections Board AGAINST 3
LQR House Inc. March 2, 2026 To approve an amendment to the Company's Articles of Incorporation to increase the number of authorized shares of common stock, par value $0.0001 per share, from 350,000,000 to 1,500,000,000 shares. Capital Structure Board AGAINST 3
LSL Property Services Plc May 15, 2026 Approve Remuneration Report Compensation Board AGAINST 3
LSL Property Services Plc May 15, 2026 Re-elect Adrian Collins as Director Director Elections Board AGAINST 3
LSL Property Services Plc May 15, 2026 Re-elect Darrell Evans as Director Director Elections Board AGAINST 3
LSL Property Services Plc May 15, 2026 Re-elect Gaby Appleton as Director Director Elections Board AGAINST 3
LSL Property Services Plc May 15, 2026 Re-elect Sonya Ghobrial as Director Director Elections Board AGAINST 3
Laird Superfood, Inc. June 25, 2026 Approval of an amendment to the Incentive Plan to increase the number of shares authorized for issuance pursuant to the Incentive Plan and to extend the term of the Incentive Plan. Compensation Board AGAINST 3
Laird Superfood, Inc. June 25, 2026 Election of Directors: Grant J. LaMontagne Director Elections Board WITHHOLD 3
LandMark Optoelectronics Corp. May 27, 2026 Elect CHI-SHEN LO, a Representative of HUASHENG INTERNATIONAL INVESTMENT LTD. with Shareholder No. 00000283, as Non-independent Director Director Elections Board AGAINST 3
LandMark Optoelectronics Corp. May 27, 2026 Elect CHING-YI CHANG, a Representative of HUASHENG INTERNATIONAL INVESTMENT LTD. with Shareholder No. 00000283, as Non-independent Director Director Elections Board AGAINST 3
LandMark Optoelectronics Corp. May 27, 2026 Elect JERRY YANG, with Shareholder No. 00000303, as Non-independent Director Director Elections Board AGAINST 3
LandMark Optoelectronics Corp. May 27, 2026 Elect PO-YEN LU, with Shareholder No. Q101216XXX, as Non-independent Director Director Elections Board AGAINST 3
LandMark Optoelectronics Corp. May 27, 2026 Elect WEI LIN, with Shareholder No. 00000012, as Non-independent Director Director Elections Board AGAINST 3
Latham Group, Inc. April 30, 2026 Election of Class II Directors: William M. Pruellage Director Elections Board WITHHOLD 3
Laurent Perrier July 10, 2025 Approve Compensation of Stephane Dalyac, Chairman of the Management Board Compensation Board AGAINST 3
Laurent Perrier July 10, 2025 Approve Issuance of Equity or Equity-Linked Securities Reserved for Qualified Investors or Restricted Number of Investors, up to 30 Percent of Issued Capital Capital Structure Board AGAINST 3
Laurent Perrier July 10, 2025 Approve Remuneration Policy of Chairman of the Management Board Compensation Board AGAINST 3
Laurent Perrier July 10, 2025 Approve Remuneration Policy of Management Board Members Compensation Board AGAINST 3
Laurent Perrier July 10, 2025 Authorize Board to Set Issue Price for 10 Percent Per Year of Issued Capital Pursuant to Issue Authority without Preemptive Rights Capital Structure Board AGAINST 3
Laurent Perrier July 10, 2025 Authorize Capital Increase of up to 20 Percent of Issued Capital for Contributions in Kind Capital Structure Board AGAINST 3
Laurent Perrier July 10, 2025 Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 10 Million Capital Structure Board AGAINST 3
Laurent Perrier July 10, 2025 Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 10 Million Capital Structure Board AGAINST 3
Laurent Perrier July 10, 2025 Authorize Repurchase of Up to 10 Percent of Issued Share Capital Capital Structure Board AGAINST 3
Laurent Perrier July 10, 2025 Reelect Marie Cheval as Supervisory Board Member Director Elections Board AGAINST 3
Lazydays Holdings, Inc. July 3, 2025 Approval of an amendment to our 2018 Long-Term Incentive Plan (the "2018 Plan") to increase the number of authorized shares of our common stock par value $0.0001 per share ("common stock"), that may be issued under the 2018 Plan by 12,000,000 (before giving effect to any reverse stock split). Compensation Board AGAINST 3
Lee & Man Paper Manufacturing Limited April 29, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 3
Legacy Education Inc. December 16, 2025 Election of Directors to be elected for terms expiring in 2026: Gerald Amato Director Elections Board AGAINST 3
Legacy Education Inc. December 16, 2025 Election of Directors to be elected for terms expiring in 2026: LeeAnn Rohmann Director Elections Board AGAINST 3
Legacy Education Inc. December 16, 2025 Election of Directors to be elected for terms expiring in 2026: Peggy Tiderman Director Elections Board AGAINST 3
LeonaBio, Inc. March 18, 2026 To amend our amended and restated certificate of incorporation to increase the number of authorized shares of common stock. Capital Structure Board AGAINST 3
LeonaBio, Inc. March 18, 2026 To approve the LeonaBio, Inc. 2026 Equity Incentive Plan. Compensation Board AGAINST 3
LeonaBio, Inc. March 18, 2026 To approve the issuance of 5,502,402 shares of common stock, par value $0.0001 per share, or the common stock, pursuant to the exercise of a pre-funded warrant, or the Sermonix Pre-Funded Warrant, held by Sermonix Pharmaceuticals, Inc., or Sermonix, in accordance with Nasdaq Rule 5635(a)(2). Capital Structure Board AGAINST 3
LeonaBio, Inc. March 18, 2026 To approve the issuance of shares of common stock to Perceptive Advisors or its affiliates pursuant to the exercise of warrants if, immediately following such exercise, Perceptive Advisors, together with its affiliates and any other persons whose beneficial ownership of shares of common stock would be aggregated with Perceptive Advisors for purposes of Section 13(d) of the Exchange Act, would beneficially own in excess of 19.99% of our outstanding common stock, in accordance with Nasdaq Rule 5635(b). Capital Structure Board AGAINST 3
LeonaBio, Inc. March 18, 2026 To approve the issuance of shares of common stock to Sermonix pursuant to an exercise of the Sermonix Pre-Funded Warrant if, immediately following such exercise, Sermonix, together with its affiliates and any other persons whose beneficial ownership of shares of common stock would be aggregated with Sermonix for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or the Exchange Act, would beneficially own in excess of 19.99% of our outstanding common stock, in accordance with Nasdaq Rule 5635(b). Capital Structure Board AGAINST 3
Lineage, Inc. June 9, 2026 Election of Directors: Adam Forste Director Elections Board AGAINST 3
LiveRamp Holdings, Inc. August 12, 2025 Approval of an increase in the number of shares available for issuance under the Company's Amended and Restated 2005 Equity Compensation Plan. Compensation Board AGAINST 3
Lixte Biotechnology Holdings, Inc. December 8, 2025 Election of Directors: Geordan Pursglove Director Elections Board WITHHOLD 3
Lixte Biotechnology Holdings, Inc. December 8, 2025 Election of Directors: Jason Sawyer Director Elections Board WITHHOLD 3
Lixte Biotechnology Holdings, Inc. December 8, 2025 Election of Directors: Lourdes Felix Director Elections Board WITHHOLD 3
Louis Hachette Group SA May 5, 2026 Reelect Arnaud de Puyfontaine as Director Director Elections Board AGAINST 3
Lovisa Holdings Limited November 21, 2025 Approve Remuneration Report Compensation Board AGAINST 3
Lovisa Holdings Limited November 21, 2025 Elect Bruce Carter as Director Director Elections Board AGAINST 3
Lovisa Holdings Limited November 21, 2025 Elect Mark McInnes as Director Director Elections Board AGAINST 3
Luk Fook Holdings (International) Limited August 21, 2025 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 3
Luk Fook Holdings (International) Limited August 21, 2025 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 3
Luk Fook Holdings (International) Limited August 21, 2025 Elect Wong Ho Lung, Danny as Director Director Elections Board AGAINST 3
Lydia Holding AS May 4, 2026 Approve Director Remuneration Compensation Board AGAINST 3
MPI Corp. June 17, 2026 Elect BRIAN GREEN (Ko, Chang-Lin), a Representative of MPI INVESTMENT CO., LTD. with SHAREHOLDER NO.00000163 as Non-independent Director Director Elections Board AGAINST 3

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