Fidelity Advisor Semiconductors Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Fidelity Advisor Semiconductors Fund held 68 positions with $6.95B in net assets. Its ten largest holdings made up 77.9% of the fund. The FELAX share class costs 0.94% a year. Over the 12 months to May 2026, FELAX returned 158.5%, with dividends reinvested. In 2026 Q3 it added 12 new positions and exited 5.
Fidelity Advisor Semiconductors Fund seeks capital appreciation.
The fund invests primarily in common stocks of companies principally engaged in the design, manufacture, or sale of semiconductors and semiconductor equipment, using fundamental analysis of financial condition, industry position, and market conditions to select holdings. The fund normally allocates at least 80% of assets to semiconductor and equipment companies, with additional exposure to electronic components, distributors, and related vendors. Because security selection depends on the manager's assessment of individual issuers, fund holdings will differ from any benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA CORP | 21.81% | $1.52B | 7.6M | $199.57 |
AVGOBROADCOM INC | 12.87% | $894.62M | 2.1M | $417.43 |
9.01% | $626.76M | 3.8M | $165.15 | |
6.59% | $458.01M | 283.7K | $1,614.41 | |
NXP SEMICONDUCTORS NV | 6.38% | $443.32M | 1.5M | $293.59 |
5.45% | $378.95M | 3.8M | $100.81 | |
GLOBALFOUNDRIES INC | 4.19% | $291.58M | 4.5M | $64.60 |
4.08% | $283.42M | 1.1M | $257.86 | |
ASML HOLDING NV | 3.90% | $271.32M | 188.5K | $1,438.99 |
ALABASTERA LABS INC | 3.60% | $250.23M | 1.3M | $194.74 |
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.
All 68 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 | 97.25% |
| Cash & short-term | 4.55% |
| Bonds | 0.01% |
By sector
- Information Technology
- 84.2%
- International
- 14.2%
- Cash
- 0.9%
- Other
- 0.7%
How it has done
FELAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 39.53%. Past returns are a record, not a forecast.
Jun 2026 and Jul 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.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.94% | +158.49% | +309.81% | +453.36% | -19.75% | |
| 1.69% | +156.54% | +303.93% | +444.83% | -19.91% | |
| 1.19% | +157.80% | +306.58% | +446.38% | -19.82% | |
| 0.69% | +159.15% | +312.85% | +460.64% | -19.70% | |
| 0.57% | +159.36% | +314.17% | +463.83% | -19.68% |
These classes hold the same portfolio, so the 19.00pp spread over 5 years is the cost difference between them — roughly 3.80pp a year — not a difference in what they own.
Fees & fund details
Fidelity Advisor Semiconductors Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
- Expense ratio, by class
- 0.57% – 1.69%· FELAX 0.94%
- Portfolio turnover
- 65.00% a year · as of 2025 Q3
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.
12 new· the largest 8
5 exited· the largest 4
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
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 — FELAX, QQQ and the fund in my 401(k)?”
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- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”