Investment objective & strategy
As of Aug. 26, 2025 · prospectusObjective. Fidelity Mega Cap Stock Fund seeks high total return through a combination of current income and capital appreciation.
Strategy. Normally investing at least 80% of assets in common stocks of companies with mega market capitalizations. The Adviser generally defines mega market capitalization companies as those whose market capitalization is similar to the market capitalization of companies in the Russell Top 200 Index or the S&P 100 Index. Common stocks (including depositary receipts evidencing ownership of common stock) are a type of equity security that represents an ownership interest in an issuer. Effective December 11, 2025, derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. … Normally investing at least 80% of assets in common stocks of companies with mega market capitalizations. The Adviser generally defines mega market capitalization companies as those whose market capitalization is similar to the market capitalization of companies in the Russell Top 200 Index or the S&P 100 Index. Common stocks (including depositary receipts evidencing ownership of common stock) are a type of equity security that represents an ownership interest in an issuer. Effective December 11, 2025, derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. 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 |
|---|---|---|---|
| NVIDIA CORP | — | $521.88M | 8.69% |
| MICROSOFT CORP | — | $334.74M | 5.58% |
| BOEING CO/THE | — | $272.11M | 4.53% |
| EXXON MOBIL CORP | — | $264.09M | 4.40% |
| APPLE INC | — | $264.05M | 4.40% |
| WELLS FARGO & CO | — | $258.06M | 4.30% |
| GE VERNOVA LLC | — | $248.88M | 4.15% |
| GENERAL ELECTRIC CO | — | $230.02M | 3.83% |
| AMAZON.COM INC | — | $223.54M | 3.72% |
| Fidelity Cash Central Fund | — | $217.77M | 3.63% |
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 Advisor Capital Development Fund · FDETX, FDTTX, FDECX, FDTZX, FDEIX | 85% | 0.53% |
| Fidelity Series Large Cap Stock Fund · FGLGX | 85% | 0.00% |
| Fidelity Large Cap Stock K6 Fund · FCLKX | 82% | 0.45% |
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 August 26, 2025, 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. 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).
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