Fidelity Advisor Stock Selector Mid Cap Fund

Fidelity Advisor Series I · 6 share classes

Actively managed U.S. equity fund
One fund, 6 share classes:FMCDXFMCEXFMCAXFMCCXFSSMXFSLZX
$2.54B NAV
207 positions · as of 2026-05-31 · filed 2026-07-24

Fund classification

Classified from what the fund holds · as of 2026 Q2

Fidelity Advisor Stock Selector Mid Cap Fund is an actively managed U.S. equity fund. 19% of FMCDX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 89% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund

Fund profile

As filed in the prospectus · 2026 Q1

Fidelity Advisor Stock Selector Mid Cap Fund seeks long-term growth of capital.

Strategy · summarised

The fund invests at least 80% of assets in stocks of companies with market capitalizations similar to those in the Russell Midcap Index or S&P MidCap 400 Index, using fundamental analysis across multiple Fidelity managers who allocate to different market sectors and select growth or value stocks. The fund may also hold stocks outside the mid-cap range and includes foreign issuers. Because security selection relies on each manager's analysis and picks, fund performance will diverge from its midcap benchmarks.

Expenses
0.60% 1.72%across 6 share classes
Share classExpense ratio
FMCDX0.97%
FMCEX1.72%
FMCAX1.22%
FMCCX0.72%
FSSMX0.67%
FSLZX0.60%

Portfolio turnover 55.00% · as of 2026 Q1

Allocation

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

104.33%
of net assets
Stocks98.48%
Cash & short-term5.77%
Bonds0.06%
Derivatives0.02%

Derivatives are shown at market value, not notional exposure.

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Industrials23.8%
Information Technology15.0%
Financials12.5%
Consumer Discretionary8.4%
11 smaller40.2%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
19%of stock holdings in top-quartile growers
covering 89% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 28 new18 exited

Largest new: ENTG, FLEX LTD, JAZZ PHARMACEUTICALS PLC, EVR, APTIV PLC, TECH, CRBG, BROS

Largest exited: CASY, LITE, DKS, JEF, TPR, PEN, AMH, MASIMO CORP

Return profile

Chart:

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

Share class1-year3-year5-yearVolWorst fall
+34.06%-57.18%-90.37%12.52%-68.06%
+33.08%+24.21%-9.97%12.53%-15.96%
+33.73%-28.60%-71.85%12.53%-46.61%
+34.39%+58.66%+48.50%12.55%-13.07%
+34.51%+58.88%+48.78%12.53%-13.06%
+34.60%+59.28%+49.51%12.55%-13.05%

These classes hold the same portfolio, so the 139.89pp spread over 5 years is the cost difference between them — roughly 27.98pp a year — not a difference in what they own.

Cumulative return· Jun 2023 – Apr 2026

May 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 2026-05-31

Avg coupon
0.00%
Avg maturity
0.19 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
Fidelity Revere Street Trust4.21%$106.95M
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INCMTSI2.14%$54.44M
XPO INCXPO2.00%$50.91M
TWILIO INCTWLO1.79%$45.56M
WESCO INTERNATIONAL INCWCC1.75%$44.36M
CARPENTER TECHNOLOGY CORPCRS1.68%$42.68M
Fidelity Revere Street Trust1.57%$39.83M
KIRBY CORPKEX1.40%$35.68M
TD SYNNEX CORPSNX1.38%$34.99M
WESTERN DIGITAL CORPWDC1.25%$31.87M
Showing 10 of 207Sign in to see more

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.

Top 10 positions are 19.17% of net assets, top 25 34.05%, across 205 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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