Morningstar

Fidelity Contrafund - Class K FCNKX

Morningstar Medalist Rating
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Medalist Rating as of See Fidelity Investment Hub
  • NAV / 1-Day Return$27.12  /  +0.89%
  • Fund Size$174.0B
  • Adjusted Expense Ratio0.670%
  • Net Expense Ratio0.670%
  • Fee Level: DistributionAbove Average
  • Share Class TypeRetirement, Large
  • Morningstar CategoryLarge Growth
  • Equity Style Box (Funds)Large Blend
  • Minimum Initial Investment$0
  • Investment StatusOpen
  • TTM Yield0.00%
  • Turnover Ratio29%
NAV and 1-Day Return as of

Morningstar’s Analysis FCNKX

Will FCNKX 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 FCNKX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FCNKX 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 FCNKX’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 FCNKX

More FCNKX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings41.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NVIDIA Corp

7.7214B
Technology

Meta Platforms Inc Class A

7.6014B
Communication Services

Amazon.com Inc

5.8511B
Consumer Cyclical

Apple Inc

4.418B
Technology

Alphabet Inc Class A

3.967B
Communication Services

Microsoft Corp

2.575B
Technology

Taiwan Semiconductor Manufacturing Co Ltd ADR

2.485B
Technology

Alphabet Inc Class C

2.424B
Communication Services

Micron Technology Inc

2.304B
Technology

Eli Lilly and Co

1.863B
Healthcare

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