Fidelity Value Fund
Actively managed U.S. stock fund
Fidelity Value Fund seeks capital appreciation.
The fund invests at least 80% of assets in common stocks of companies the adviser identifies as undervalued using metrics such as free cash flow yield, enterprise value relative to earnings, and price-to-book or price-to-earnings ratios compared to market medians. The portfolio focuses on medium-sized companies but may hold substantially larger or smaller firms, and includes both domestic and foreign issuers selected through fundamental analysis of financial condition and industry position. Because security selection depends on the adviser's valuation assessments, fund performance will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
3.04% | $294.47M | 677.7K | $434.52 | |
Fidelity Revere Street Trust | 2.15% | $208.12M | — | — |
SNDKSANDISK CORP | 1.43% | $138.39M | 126.2K | $1,096.51 |
1.28% | $123.77M | 7.4M | $16.62 | |
1.18% | $114.74M | 910.7K | $125.99 | |
0.97% | $93.98M | 1.4M | $69.30 | |
0.93% | $89.73M | 1.3M | $67.99 | |
0.92% | $89.56M | 695.8K | $128.72 | |
EQIXEQUINIX INC | 0.92% | $89.12M | 82.3K | $1,082.83 |
0.92% | $89.05M | 1.3M | $70.70 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
The 200 largest of 210 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.30% |
| Cash & short-term | 2.80% |
By sector
- Industrials
- 21.7%
- Financials
- 14.7%
- International
- 12.4%
- Information Technology
- 9.9%
- 9 other sectors
- 41.3%
- Industrials
- 21.7%
- Financials
- 14.7%
- International
- 12.4%
- Information Technology
- 9.9%
- Health Care
- 9.4%
- Consumer Discretionary
- 6.8%
- Real Estate
- 6.8%
- Utilities
- 5.0%
- Energy
- 3.8%
- Materials
- 3.5%
- Cash
- 2.7%
- Consumer Staples
- 2.4%
- Communication Services
- 0.8%
How it has done
FDVLX share class · total returns with dividends reinvested
Volatility over the last 12 months: 14.83%. Past returns are a record, not a forecast.
The 2 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.68% | +40.47% | +65.97% | +65.96% | -15.74% | |
| 0.60% | +40.62% | +66.52% | +66.85% | -15.69% |
These classes hold the same portfolio, so the 0.90pp spread over 5 years is the cost difference between them — roughly 0.18pp a year — not a difference in what they own.
Fees & fund details
Fidelity Value Fund is an actively managed U.S. equity fund. 16% of FDVLX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 83% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.60% – 0.68%· FDVLX 0.68%
- Portfolio turnover
- 67.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
28 new· the largest 8
95 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — FDVLX, QQQ and the fund in my 401(k)?”
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