Fidelity Advisor New Insights Fund

Fidelity Contrafund · Series S000006036 · 5 share classes

Equity fund · 95% stocks
One fund, 5 share classes:FNIAXFNICXFNITXFINSXFZANX
$28.20B NAV
457 positions · as of 2026-06-30 · filed 2026-08-24
data updated 2026-09-08

Fund profile

As filed in the prospectus · 2026 Q1

Fidelity Advisor New Insights Fund seeks capital appreciation.

Strategy · summarised

The fund invests primarily in common stocks of domestic and foreign companies that the manager believes are undervalued by the market, using fundamental analysis of financial condition, industry position, and economic conditions to identify opportunities. The fund may hold either growth or value stocks or both. Because security selection depends on the manager's analysis and judgment, fund holdings and performance will differ from any benchmark.

Expenses
0.70% 1.82%across 5 share classes
Share classExpense ratio
FNIAX1.07%
FNICX1.82%
FNITX1.32%
FINSX0.82%
FZANX0.70%

Portfolio turnover 32.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

100.81%
of net assets
Stocks95.37%
Cash & short-term5.43%
Bonds0.00%

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 75 new72 exited

Largest new: SPACE EXPLORATION TECHNOLOGIES CORP, CEREBRAS SYSTEMS INC, RMBS, FLEX LTD, STRIPE GLOBAL HOLDINGS INC, LASERTEC CORP, SPCX, COGT

Largest exited: SPACE EXPLORATION TECHNOLOGIES CORP ×4, CEREBRAS SYSTEMS INC, STRIPE INC, DLTR, BYD CO LTD

Return profile

Chart:

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

Share class1-year3-year5-yearVolWorst fall
+35.95%-42.80%-87.14%15.35%-58.38%
+34.96%+66.28%+20.80%15.35%-10.83%
+35.54%-4.60%-62.39%15.32%-31.44%
+36.29%+112.17%+98.51%15.38%-9.80%
+36.44%+112.89%+99.70%15.37%-9.79%

These classes hold the same portfolio, so the 186.84pp spread over 5 years is the cost difference between them — roughly 37.37pp a year — not a difference in what they own.

Cumulative return· Jul 2023 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are 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 2026-06-30

Avg coupon
0.15%
Avg maturity
0.50 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.

0%
floating
Fixed rate100.0%
Maturity ladder

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

<1y
<1y100.0%
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
NVIDIA CORPNVDA9.08%$2.56B
ALPHABET INCGOOGL7.73%$2.18B
SPACE EXPLORATION TECHNOLOGIES CORP7.23%$2.04B
META PLATFORMS INCMETA7.13%$2.01B
Fidelity Revere Street Trust4.66%$1.31B
AMAZON.COM INCAMZN4.44%$1.25B
BERKSHIRE HATHAWAY INC DELBRK/A3.54%$997.47M
MICROSOFT CORPMSFT2.20%$620.06M
ELI LILLY and COLLY2.13%$599.45M
BROADCOM INCAVGO1.77%$500.07M
Showing 10 of 457Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.

Top 10 positions are 49.90% of net assets, top 25 65.23%, across 418 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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