Fidelity Contrafund

Fidelity Contrafund · Series S000006037 · 2 share classes

Equity fund · 98% stocks
One fund, 2 share classes:FCNTXFCNKX
$179.96B NAV
441 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 Contrafund seeks capital appreciation.

Strategy · summarised

The fund invests primarily in common stocks of companies whose intrinsic value the manager believes is not fully recognized by the public, using fundamental analysis of financial condition, industry position, and market conditions to identify opportunities. The fund may invest in both domestic and foreign issuers and may hold either growth or value stocks. Because returns depend on the manager's security selection, the fund's performance will diverge from broad market benchmarks.

Expenses
0.67% 0.74%across 2 share classes
Share classExpense ratio
FCNTX0.74%
FCNKX0.67%

Portfolio turnover 29.00% · as of 2026 Q1

Allocation

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

100.30%
of net assets
Stocks98.46%
Cash & short-term1.83%
Bonds0.00%

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 76 new63 exited

Largest new: SPACE EXPLORATION TECHNOLOGIES CORP, CEREBRAS SYSTEMS INC, APO, IDXX, WING, MAIR, STRIPE GLOBAL HOLDINGS INC, ZIJIN MINING GROUP CO LIMITED

Largest exited: SPACE EXPLORATION TECHNOLOGIES CORP ×4, CEG, CEREBRAS SYSTEMS INC, MCK, COR

Return profile

Chart:

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

Share class1-year3-year5-yearVolWorst fall
+31.13%+108.75%+95.48%15.24%-8.98%
+31.21%+109.21%+96.20%15.24%-9.00%

These classes hold the same portfolio, so the 0.72pp spread over 5 years is the cost difference between them — roughly 0.14pp 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
0.13%
Avg maturity
0.92 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.

34%
floating
Fixed rate65.5%
Floating rate34.5%
Maturity ladder

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

<1y1-3y
<1y65.5%
1-3y34.5%
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 CORPNVDA9.34%$16.82B
META PLATFORMS INCMETA6.96%$12.53B
SPACE EXPLORATION TECHNOLOGIES CORP6.95%$12.51B
AMAZON.COM INCAMZN5.75%$10.34B
ALPHABET INCGOOGL4.24%$7.63B
BERKSHIRE HATHAWAY INC DELBRK/A2.75%$4.94B
APPLE INCAAPL2.68%$4.83B
ALPHABET INCGOOG2.60%$4.68B
BROADCOM INCAVGO2.19%$3.93B
MICROSOFT CORPMSFT2.16%$3.88B
Showing 10 of 441Sign 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 45.61% of net assets, top 25 63.99%, across 394 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.

Sign in free