Investment objective & strategy
As of Dec. 29, 2025 · prospectusObjective. Fidelity Capital Appreciation Fund seeks capital appreciation.
Strategy. Normally investing primarily in common stocks. Investing in domestic and foreign issuers. Investing in either "growth" stocks or "value" stocks or both. Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. Normally investing primarily in common stocks. Investing in domestic and foreign issuers. Investing in either "growth" stocks or "value" stocks or both. Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $592.34M | 8.08% |
| AMAZON.COM INC | — | $435.85M | 5.94% |
| MICROSOFT CORP | — | $376.77M | 5.14% |
| ALPHABET INC CL A | — | $327.40M | 4.46% |
| META PLATFORMS INC CL A | — | $244.61M | 3.33% |
| APPLE INC | — | $217.52M | 2.97% |
| ALPHABET INC CL C | — | $190.53M | 2.60% |
| BOEING CO/THE | — | $167.21M | 2.28% |
| WESTERN DIGITAL CORP | — | $145.21M | 1.98% |
| BROADCOM INC | — | $141.41M | 1.93% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| VIP Dynamic Capital Appreciation Portfolio | 80% | 0.62% |
| Fidelity Dividend Growth Fund · FDGFX, FDGKX, FGDEX, FGDGX, FGDHX, FGDJX, FGDDX | 73% | 0.79% |
| Fidelity Fundamental Large Cap Core ETF · FFLC | 64% | 0.38% |
Advisers
| Firm | Role |
|---|---|
| FMR Investment Management (UK) Limited | Sub-adviser |
| Fidelity Management & Research (Japan) Limited | Sub-adviser |
| Fidelity Management & Research (Hong Kong) Limited | Sub-adviser |
| Fidelity Management & Research Company LLC | Adviser |
Footnotes
- Expense ratio as of December 29, 2025, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.