Investment objective & strategy
As of April 18, 2025 · prospectusObjective. VIP Dynamic Capital Appreciation Portfolio seeks capital appreciation.
Strategy. Normally investing primarily in common stocks. 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 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 | — | $22.96M | 8.22% |
| AMAZON.COM INC | — | $15.76M | 5.64% |
| MICROSOFT CORP | — | $10.23M | 3.66% |
| ALPHABET INC CL A | — | $10.21M | 3.66% |
| APPLE INC | — | $9.58M | 3.43% |
| META PLATFORMS INC CL A | — | $8.24M | 2.95% |
| Fidelity Securities Lending Cash Central Fund | — | $7.34M | 2.63% |
| Fidelity Cash Central Fund | — | $6.98M | 2.50% |
| ALPHABET INC CL C | — | $6.53M | 2.34% |
| WESTERN DIGITAL CORP | — | $6.06M | 2.17% |
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 Capital Appreciation Fund · FDCAX, FCAKX | 80% | 0.58% |
| Fidelity Dividend Growth Fund · FDGFX, FDGKX, FGDEX, FGDGX, FGDHX, FGDJX, FGDDX | 67% | 0.79% |
| Fidelity Fundamental Large Cap Core ETF · FFLC | 59% | 0.38% |
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
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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