Fidelity Advisor Growth Opportunities Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Fidelity Advisor Growth Opportunities Fund held 212 positions with $35.28B in net assets. Its ten largest holdings made up 54.2% of the fund. The FAGAX share class costs 0.96% a year. Over the 12 months to May 2026, FAGAX returned 42.0%, with dividends reinvested. In 2026 Q2 it added 40 new positions and exited 24.
Fidelity Advisor Growth Opportunities Fund seeks to provide capital growth.
The fund invests at least 80% of assets in common stocks of growth companies, identified through fundamental analysis of factors including projected or trailing earnings growth, sales growth per share, free cash flow growth relative to market median, research and development intensity, and capital-raising activity. The fund holds both domestic and foreign issuers. Because security selection depends on the adviser's assessment of growth potential across multiple criteria, holdings will differ from any benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA CORP | 13.98% | $4.93B | 23.4M | $211.14 |
MSFTMICROSOFT CORP | 7.24% | $2.55B | 5.7M | $450.24 |
AMZNAMAZON.COM INC | 6.25% | $2.21B | 8.2M | $270.64 |
4.95% | $1.75B | 2.8M | $632.51 | |
GOOGALPHABET INC | 4.60% | $1.62B | 4.3M | $376.43 |
GOOGLALPHABET INC | 4.03% | $1.42B | 3.7M | $380.34 |
AAPLAPPLE INC | 3.62% | $1.28B | 4.1M | $312.06 |
3.36% | $1.19B | 1.9M | $613.09 | |
TSMTAIWAN SEMICONDUCTOR MFG CO LTD | 3.21% | $1.13B | 2.7M | $418.45 |
2.91% | $1.03B | 928.5K | $1,105.00 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
The 200 largest of 212 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 | 99.64% |
| Cash & short-term | 0.78% |
| Bonds | 0.12% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified. The blend is as of 2026Q1, one or more quarters before the direct holdings (2026Q2).
By sector
- Information Technology
- 46.4%
- Communication Services
- 18.0%
- Consumer Discretionary
- 9.3%
- International
- 8.2%
- 8 other sectors
- 18.2%
- Information Technology
- 46.4%
- Communication Services
- 18.0%
- Consumer Discretionary
- 9.3%
- International
- 8.2%
- Health Care
- 5.0%
- Other
- 4.8%
- Financials
- 3.4%
- Industrials
- 3.1%
- Utilities
- 1.3%
- Consumer Staples
- 0.4%
- Cash
- 0.2%
- Energy
- 0.1%
How it has done
FAGAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 22.15%. Past returns are a record, not a forecast.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.96% | +41.95% | +132.56% | +84.98% | -14.14% | |
| 1.71% | +40.92% | +129.09% | +80.76% | -14.24% | |
| 1.21% | +41.59% | +130.86% | +82.79% | -14.17% | |
| 0.71% | +42.31% | +134.43% | +87.44% | -14.09% | |
| 0.60% | +42.43% | +135.10% | +88.45% | -14.09% |
These classes hold the same portfolio, so the 7.69pp spread over 5 years is the cost difference between them — roughly 1.54pp a year — not a difference in what they own.
Fees & fund details
Fidelity Advisor Growth Opportunities Fund is an actively managed U.S. equity fund. 43% of FAGAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 86% 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% – 1.71%· FAGAX 0.96%
- Portfolio turnover
- 57.00% a year · as of 2026 Q1
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.
40 new· the largest 8
24 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Floating rate | 80.5% |
| Fixed rate | 19.5% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 96.9% |
| 1-3y | 3.1% |
| 10y+ | 0.0% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Understand how this fund fits with the rest.
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