Investment objective & strategy
As of Dec. 29, 2025 · prospectusObjective. Fidelity Stock Selector Small Cap Fund seeks capital appreciation.
Strategy. Normally investing primarily in common stocks. Normally investing at least 80% of assets in stocks of companies with small market capitalizations . The Adviser generally defines small market capitalization companies as those whose market capitalization is similar to the market capitalization of companies in the Russell 2000 Index or the S&P SmallCap 600 Index. Stocks are a type of equity security that represent an ownership interest in an issuer. Stocks include common stocks (including depositary receipts evidencing ownership of common stock) and preferred stocks. 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 … Normally investing primarily in common stocks. Normally investing at least 80% of assets in stocks of companies with small market capitalizations . The Adviser generally defines small market capitalization companies as those whose market capitalization is similar to the market capitalization of companies in the Russell 2000 Index or the S&P SmallCap 600 Index. Stocks are a type of equity security that represent an ownership interest in an issuer. Stocks include common stocks (including depositary receipts evidencing ownership of common stock) and preferred stocks. 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. Allocating the fund's assets across different market sectors (at present, communication services, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, and utilities), using different Fidelity managers. 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 |
|---|---|---|---|
| Fidelity Cash Central Fund | — | $174.35M | 2.85% |
| Fidelity Securities Lending Cash Central Fund | — | $107.25M | 1.75% |
| ADV ENERGY INDS | — | $105.60M | 1.73% |
| IES HOLDINGS INC | — | $94.95M | 1.55% |
| FABRINET | — | $93.88M | 1.53% |
| FIRSTCASH HOLDINGS INC | — | $91.28M | 1.49% |
| SANMINA CORP | — | $83.16M | 1.36% |
| NEXTRACKER INC CL A | — | $74.39M | 1.22% |
| WEATHERFORD INTERNATIONAL PLC | — | $63.35M | 1.04% |
| FIRST BANCORP PUERTO RICO | — | $63.26M | 1.03% |
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. |
|---|---|---|
| Fidelity Series Small Cap Opportunities Fund · FSOPX | 95% | 0.00% |
| Fidelity Advisor Small Cap Fund · FSCDX, FSCEX, FSCTX, FSCIX, FZAOX | 62% | 0.83% |
| Fidelity Fundamental Small-Mid Cap ETF · FFSM | 43% | 0.43% |
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).
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