Morningstar

Fidelity Contrafund K6 FLCNX

Morningstar Medalist Rating
Unlock
Medalist Rating as of See Fidelity Investment Hub
  • NAV / 1-Day Return$36.17  /  −4.72%
  • Fund Size$36.5B
  • Adjusted Expense Ratio0.450%
  • Net Expense Ratio0.450%
  • Fee Level: DistributionBelow Average
  • Share Class TypeRetirement, Large
  • Morningstar CategoryLarge Growth
  • Equity Style Box (Funds)Large Blend
  • Minimum Initial Investment$0
  • Investment StatusOpen
  • TTM Yield0.18%
  • Turnover Ratio37%
NAV and 1-Day Return as of

Morningstar’s Analysis FLCNX

Will FLCNX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FLCNX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FLCNX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FLCNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A legendary run nears its end as new stewards take charge.

Principal Robby Greengold

Robby Greengold

Principal

Summary

Fidelity Contrafund is about to lose the manager who built it into a juggernaut. Will Danoff, who since 1990 has delivered phenomenal results and turned it into one of the world’s largest actively managed mutual funds, will step down at the end of 2026. His replacements, Asher Anolic and Jason Weiner, are veteran portfolio managers themselves but untested at this scale.

by Robby Greengold
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FLCNX

More FLCNX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings40.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NVIDIA Corp

8.743B
Technology

Meta Platforms Inc Class A

6.132B
Communication Services

Amazon.com Inc

6.082B
Consumer Cyclical

Alphabet Inc Class A

4.222B
Communication Services

Apple Inc

3.761B
Technology

Berkshire Hathaway Inc Class A

2.821B
Financial Services

Microsoft Corp

2.741B
Technology

Alphabet Inc Class C

2.65984M
Communication Services

Taiwan Semiconductor Manufacturing Co Ltd ADR

2.25834M
Technology

Broadcom Inc

1.94720M
Technology

Sponsor Center

Site Index
United States Flag United States

© Copyright 2026 Morningstar, Inc. All rights reserved. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.