Investment objective & strategy
As of Jan. 24, 2025 · prospectusObjective. Fidelity Advisor Large Cap Fund seeks long-term growth of capital.
Strategy. Normally investing primarily in common stocks. Normally investing at least 80% of assets in securities of companies with large market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 1000 Index or the S&P 500 Index). 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 … Normally investing primarily in common stocks. Normally investing at least 80% of assets in securities of companies with large market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 1000 Index or the S&P 500 Index). 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 Aug. 31, 2025 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $136.99M | 7.13% |
| MICROSOFT CORP | — | $123.61M | 6.43% |
| WELLS FARGO & CO | — | $110.41M | 5.75% |
| Fidelity Cash Central Fund | — | $99.33M | 5.17% |
| GENERAL ELECTRIC CO | — | $88.56M | 4.61% |
| BOEING CO/THE | — | $84.51M | 4.40% |
| GE VERNOVA LLC | — | $76.78M | 3.99% |
| EXXON MOBIL CORP | — | $71.41M | 3.72% |
| META PLATFORMS INC CL A | — | $62.49M | 3.25% |
| BANK OF AMERICA CORPORATION | — | $51.94M | 2.70% |
Portfolio moves
May 31, 2025 → Aug 31, 2025How 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 Large Cap Stock Fund · FLCSX, FLAJX, FLAHX, FHZTX, FLAZX, FLAFX | 86% | 0.66% |
| Fidelity Large Cap Stock K6 Fund · FCLKX | 86% | 0.45% |
| Fidelity Growth and Income Portfolio · FGRIX, FGIKX, FGIJX, FGIEX, FGJDX, FGJEX, FGIDX | 77% | 0.46% |
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 January 24, 2025, from the fund's prospectus.
- Net assets and holdings count as of August 31, 2025, from the fund's N-PORT filing.
- Total return for calendar year 2024, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2024 (the latest prospectus does not yet chart this year).
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