Fidelity Contrafund

Fidelity Contrafund · Series S000006037 · 2 share classes

Equity fund · 99% stocks
One fund, 2 share classes:FCNTXFCNKX
$157.80B NAV
428 positions · as of 2026-03-31 · filed 2026-05-26
data updated 2026-08-10

Fund profile

As filed in the prospectus · 2026 Q1

Fidelity Contrafund seeks capital appreciation.

Strategy · summarised

The fund invests primarily in common stocks of companies whose intrinsic value the manager believes is not fully recognized by the public, using fundamental analysis of financial condition, industry position, and market conditions to identify opportunities. The fund may invest in both domestic and foreign issuers and may hold either growth or value stocks. Because returns depend on the manager's security selection, the fund's performance will diverge from broad market benchmarks.

Expenses
0.67% 0.74%across 2 share classes
Share classExpense ratio
FCNTX0.74%
FCNKX0.67%

Portfolio turnover 29.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

100.24%
of net assets
Stocks99.39%
Cash & short-term0.84%
Bonds0.00%

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 59 new76 exited

Largest new: NOKIA CORP, CVX, CANVA INC, GSK PLC, COP, SNPS, TECH, PSX

Largest exited: BKNG, CBRE, FLUTTER ENTERTAINMENT PLC, KKR, CANVA AUSTRALIA HOLDINGS PTY LTD, X.AI HOLDINGS CORP, BX, UBS GROUP AG

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

Share class1-year3-year5-yearVolWorst fall
Cumulative return· Apr 2023 – Feb 2026

Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-03-31

Avg coupon
0.12%
Avg maturity
1.27 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

43%
floating
Fixed rate57.3%
Floating rate42.7%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1y1-3y
<1y57.3%
1-3y42.7%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: none reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
META PLATFORMS INCMETA10.29%$16.23B
NVIDIA CORPNVDA9.42%$14.87B
AMAZON.COM INCAMZN5.73%$9.04B
BERKSHIRE HATHAWAY INC DELBRK/A4.13%$6.51B
ALPHABET INCGOOGL3.89%$6.14B
MICROSOFT CORPMSFT2.97%$4.69B
ALPHABET INCGOOG2.41%$3.80B
APPLE INCAAPL2.34%$3.69B
AMPHENOL CORPORATION NEWAPH2.07%$3.27B
BROADCOM INCAVGO1.87%$2.95B
Showing 10 of 428Sign in to see more

Top 10 positions are 45.12% of net assets, top 25 64.36%, across 386 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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