Investment objective & strategy
As of Feb. 24, 2026 · prospectusObjective. Fidelity Contrafund seeks capital appreciation.
Strategy. Normally investing primarily in common stocks. Investing in securities of companies whose value Fidelity Management & Research Company LLC (FMR) believes is not fully recognized by the public. 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 securities of companies whose value Fidelity Management & Research Company LLC (FMR) believes is not fully recognized by the public. 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 March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| META PLATFORMS INC CL A | — | $16.23B | 10.29% |
| NVIDIA CORP | — | $14.87B | 9.42% |
| AMAZON.COM INC | — | $9.04B | 5.73% |
| BERKSHIRE HATHAWAY INC CL A | — | $6.51B | 4.13% |
| ALPHABET INC CL A | — | $6.14B | 3.89% |
| MICROSOFT CORP | — | $4.69B | 2.97% |
| ALPHABET INC CL C | — | $3.80B | 2.41% |
| APPLE INC | — | $3.69B | 2.34% |
| AMPHENOL CORPORATION CL A | — | $3.27B | 2.07% |
| BROADCOM INC | — | $2.95B | 1.87% |
Portfolio moves
Dec 31, 2025 → Mar 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. |
|---|---|---|
| Fidelity Contrafund K6 · FLCNX | 96% | 0.45% |
| Fidelity Series Opportunistic Insights Fund · FVWSX | 73% | 0.00% |
| Fidelity Advisor New Insights Fund · FNIAX, FNICX, FNITX, FINSX, FZANX | 73% | 0.70% |
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 February 24, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.