FLCNX – Fund Analysis – Fidelity Contrafund K6 | Morningstar

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Will FLCNX outperform in the future?

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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 Apr 27, 2026 Published on Apr 27, 2026

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