Morningstar

Fidelity Contrafund K6 FLCNX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $37.98  /  −1.56 %
  • Fund Size $37.8B
  • Adjusted Expense Ratio 0.450%
  • Net Expense Ratio 0.450%
  • Fee Level: Distribution Below Average
  • Share Class Type Retirement, Large
  • Morningstar Category Large Growth
  • Equity Style Box (Funds) Large Blend
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 0.17%
  • Turnover Ratio 37%
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

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Portfolio Holdings FLCNX

More FLCNX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 41.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NVIDIA Corp

8.74 3B
Technology

Meta Platforms Inc Class A

6.13 2B
Communication Services

Amazon.com Inc

6.08 2B
Consumer Cyclical

Alphabet Inc Class A

4.22 2B
Communication Services

Apple Inc

3.76 1B
Technology

Berkshire Hathaway Inc Class A

2.82 1B
Financial Services

Microsoft Corp

2.74 1B
Technology

Alphabet Inc Class C

2.65 984M
Communication Services

Taiwan Semiconductor Manufacturing Co Ltd ADR

2.25 834M
Technology

Broadcom Inc

1.94 720M
Technology

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