The Fidelity Contrafund (FCNTX) is an actively managed mutual fund that mostly contains equities of large U.S. companies, including Apple, Berkshire Hathaway, and Amazon, Inc. The fund is managed by Fidelity Investments with the objective of seeking out 澳洲幸运5开奖号码历史查询:capital appreciation by finding 澳洲幸运5开奖号码历史查询:value stocks with good growth opportunities.

Fidelity's Contrafund's Investment Objective

William Danoff has been the manager of the Fidelity Contrafund since September of 1990. Danoff graduated from Harvard University in 1982 and went on to earn a master of arts degree and an MBA from the University of Pennsylvania. Danoff joined Fidelity in 1986 as a securities analyst and portfolio manager.

Since Danoff began managing the fund, its objective has been to achieve capital appreciation by picking good growth and 澳洲幸运5开奖号码历史查询:value stocks that are not recognized by the public. The holdings include best-of-breed companies with strong 澳洲幸运5开奖号码历史查询:free cash flows, above-average 澳洲幸运5开奖号码历史查询:returns on capital, and strong management teams.

Through the use of bottom-up 澳洲幸运5开奖号码历史查询:fundamental analysis, the fund's management identifies companies poised for sustained, above-average earnings growth not reflected in the stock’s price.

Fidelity Contrafund Details

The fund invests primarily in 澳洲幸运5开奖号码历史查询:large-cap U.S. stocks with 92.21% of the fund in domestic equities and 5.82% in international equities. The remainder is in a mix of bonds, cash, and other investments.

Due to the fund's exposure to domestic large-cap growth stocks, it should not make up the majority of an investor's portfolio. As of Dec. 31, 2024, Fidelity Contrafund has $153 billion in 澳洲幸运5开奖号码历史查询:assets under management (AUM). The fund has an 澳洲幸运5开奖号码历史查询:expense ratio of 0.39% as of March 1, 2024.

Performance

Below is the fund's performance over the last few years as of Dec. 31, 2024:

• 1 Year: 35.97%
• 3 Years: 10.77%
• 5 Years: 17.51%

Sector Allocation

Below are the Contrafund's top sectors along with the percentage of their weighting within the fund as of Dec. 31, 2024.

• Information Technology: 24.40%
• Communications Services: 23.53%
• Financials: 17.97%
• Consumer Discretionary: 10.72%
• Health Care: 8.76%
• Industrials: 7.86%
• Consumer Staples: 1.74%
• Energy: 1.16%
• Materials: 1.08%
• Utilities: 0.72%
• Real Estate: 0.09%

Top 10 Holdings

Below are the Contrafund's top ten holdings along with their percentage weightings within the fund as of Dec. 31, 2021. The top ten stocks represent 49.14% of the fund's assets.

The Bottom Line

The Fidelity Contrafund is a fund containing large, well-established companies with solid management teams that are likely to exhibit superior earnings growth and strong free cash flow. The majority of the fund's holdings are U.S. domestic equities that include Meta, NVIDIA, Alphabet, Berkshire Hathaway, and Amazon.

However, almost 48% of the fund is comprised of technology companies that are in the information technology and communications services sectors. Before investing, please read the fund's investment objectives and prospectus and consult a financial advisor to determine if the Fidelity Contrafund is a good choice for your financial situation.