Morningstar

Fidelity Contrafund K6 FLCNX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 38.41  /  −0.08 %
  • Total Assets 37.8B
  • 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 0.17%
  • Turnover 37%

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 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.

  • 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 45.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NVIDIA Corp

10.13 4B
Technology

Meta Platforms Inc Class A

6.51 2B
Communication Services

Amazon.com Inc

6.50 2B
Consumer Cyclical

Alphabet Inc Class A

4.56 2B
Communication Services

Apple Inc

3.66 1B
Technology

Space Exp Tech A(180 Day Lu)

3.02 1B
—

Berkshire Hathaway Inc Class A

2.93 1B
Financial Services

Alphabet Inc Class C

2.92 1B
Communication Services

Broadcom Inc

2.44 885M
Technology

Microsoft Corp

2.39 868M
Technology

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