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.
Fidelity Contrafund K6 FLCNX
- NAV / 1-Day Return 35.85 / −3.11 %
- Total Assets 37.5B
-
Adj. Expense Ratio
0.450%
- Expense Ratio 0.450%
- Distribution Fee Level Below Average
- Share Class Type Retirement, Large
- Category Large Growth
- Investment Style Large Blend
- Min. Initial Investment 0
- Status Open
- TTM Yield 0.18%
- Turnover 37%
USD | NAV as of Jun 06, 2026 | 1-Day Return as of Jun 06, 2026, 4:50 AM GMT+0
Morningstar’s Analysis FLCNX
Will FLCNX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 47.9
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
NVIDIA Corp | 10.85 | 4B | Technology |
Meta Platforms Inc Class A | 8.75 | 3B | Communication Services |
Amazon.com Inc | 6.35 | 2B | Consumer Cyclical |
Alphabet Inc Class A | 4.88 | 2B | Communication Services |
Berkshire Hathaway Inc Class A | 3.76 | 1B | Financial Services |
Alphabet Inc Class C | 3.11 | 1B | Communication Services |
SpaceX | 2.96 | 1B | — |
Microsoft Corp | 2.72 | 997M | Technology |
Broadcom Inc | 2.50 | 916M | Technology |
Amphenol Corp Class A | 2.07 | 759M | Technology |
United States