Investment objective & strategy
As of Jan. 26, 2026 · prospectusObjective. Fidelity New Millennium Fund seeks capital appreciation.
Strategy. Normally investing primarily in common stocks. Identifying early signs of long-term changes in the marketplace and focusing on those companies that may benefit from opportunities created by these changes by examining technological advances, product innovation, economic plans, demographics, social attitudes, and other factors, which can lead to investments in small and medium-sized companies. 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. Identifying early signs of long-term changes in the marketplace and focusing on those companies that may benefit from opportunities created by these changes by examining technological advances, product innovation, economic plans, demographics, social attitudes, and other factors, which can lead to investments in small and medium-sized companies. 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 Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $438.76M | 8.08% |
| APPLE INC | — | $304.94M | 5.61% |
| ALPHABET INC CL A | — | $303.81M | 5.59% |
| SPACE EXPLORATION TECHNOLOGIES CORP CLASS C PP | — | $246.23M | 4.53% |
| MICROSOFT CORP | — | $238.16M | 4.38% |
| AMAZON.COM INC | — | $223.44M | 4.11% |
| BROADCOM INC | — | $105.61M | 1.94% |
| EXXON MOBIL CORP | — | $104.94M | 1.93% |
| META PLATFORMS INC CL A | — | $103.00M | 1.90% |
| VISA INC-CLASS A | — | $90.09M | 1.66% |
Portfolio moves
Nov 30, 2025 → Feb 28, 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 U.S. Equity Central Fund | 56% | — |
| VIP Stock Selector Portfolio | 56% | 0.50% |
| Fidelity SAI Sustainable Sector Fund · FIDJX | 55% | 0.44% |
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 26, 2026, from the fund's prospectus.
- Net assets and holdings count as of February 28, 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.
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