Fidelity Capital Appreciation Fund

Fidelity Capital Trust · 2 share classes

Actively managed U.S. equity fund
One fund, 2 share classes:FDCAXFCAKX
$7.62B NAV
166 positions · as of 2026-04-30 · filed 2026-06-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

Fidelity Capital Appreciation Fund is an actively managed U.S. equity fund.

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

Fund profile

As filed in the prospectus · 2025 Q4

Fidelity Capital Appreciation Fund seeks capital appreciation.

Strategy · summarised

The fund invests primarily in common stocks of domestic and foreign companies selected through fundamental analysis of financial condition, industry position, and market conditions, with no restriction to growth or value styles. Because security selection depends on the manager's analysis, fund holdings and performance will differ from any benchmark.

Expenses
0.58% 0.66%across 2 share classes
Share classExpense ratio
FDCAX0.66%
FCAKX0.58%

Portfolio turnover 84.00% · as of 2025 Q4

Allocation

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

102.95%
of net assets
Stocks99.51%
Cash & short-term3.44%

Sector allocation

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

100%
of net assets
Information Technology23.1%
International13.4%
Communication Services11.1%
Industrials11.0%
10 smaller41.3%

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).

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 33 new27 exited

Largest new: MU, VNOM, Fidelity Revere Street Trust, HD, BRITISH AMERICAN TOBACCO PLC, SJM, RMBS, BROOKFIELD RENEWABLE CORP

Largest exited: CBRE, BAC, LNG, CLH, GPGI INC, AMD, LOW, VRT

Return profile

Chart:

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

Share class1-year3-year5-yearVolWorst fall
+38.05%+95.13%+86.62%16.09%-9.39%
+38.15%+95.47%+87.24%16.11%-9.36%

These classes hold the same portfolio, so the 0.62pp spread over 5 years is the cost difference between them — roughly 0.12pp a year — not a difference in what they own.

Cumulative return· May 2023 – Apr 2026

Holdings

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

Issuer%NAVValue
NVIDIA CORPNVDA8.35%$635.96M
AMAZON.COM INCAMZN6.55%$498.94M
ALPHABET INCGOOGL4.87%$370.73M
MICROSOFT CORPMSFT3.32%$252.95M
APPLE INCAAPL3.15%$239.74M
WESTERN DIGITAL CORPWDC2.93%$223.04M
Fidelity Revere Street Trust2.91%$221.43M
META PLATFORMS INCMETA2.86%$218.21M
ALPHABET INCGOOG2.70%$205.41M
SEAGATE TECHNOLOGY HOLDINGS PLC2.38%$181.41M
Showing 10 of 166Sign in to see more

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.

Top 10 positions are 40.00% of net assets, top 25 59.85%, across 152 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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