- Ticker: FCNTX
- Assets: $68.7 billion
- Category: Large-Cap Growth
- YTD Performance: 25.7% vs. 23.1% for the S&P 500
- Expense Ratio: 0.74%
One of the most widely held Fidelity funds out there – and frankly, one of the most famous mutual funds of all time – is the Fidelity Contrafund (FCNTX). This mega mutual fund boasts over $68.6 billion in total assets, and while some folks think this Fidelity investment is too big to be effective, the performance in 2013 shows FCNTX can still outperform its peers.
Fidelity funds manager William Danoff has been at the helm of this flagship investment since 1990, with decades of success that keep coming; Fidelity Contrafund has a strategy that focuses on actively managed investing based on the large-cap funds with the most upside potential.
Right now, top Fidelity Contrafund investments include Google (GOOG), Berkshire Hathaway (BRK.A) and Apple (AAPL). Top sectors right now are tech, with 25% of assets allocated in this sector, and consumer discretionary plays, with another 20% in that segment.