According to a filing the US fund giant Fidelity Investment has raised its stake holdings sharply in the oil firm Exxon Mobil in the second quarter of this fiscal year.

Meanwhile, it has reduced its holdings in banks like Wells Fargo and in the search giant Google.

As per a data report from a quarterly filing by the parent company FMR LLC, the investment giant Fidelity owned 74.9 million shares of Exxon Mobil worth around 4.5 billion dollars by the end of June.

The number of Exxon Mobil shares was up by 48% from the stake holdings of Fidelity by the end of March. The fund giant has also raised its stake holdings in Apple by 13% and added 5.8 million new shares in the second quarter. The tech giant Apple is the largest holding of the firm Fidelity with a value of 12.8 billion dollars as per 30th June.

But Fidelity has reduced its holdings by 10% in its second largest holding Google and left 14.1 million shares worth 6.9 billion dollars. Still Fidelity is the largest single share holder of Google having 5.7% stake in the internet search giant Google.