Fidelity Growth Company Fund

Fidelity Mt. Vernon Street Trust · Series S000007119 · 2 share classes

Equity fund · 100% stocks
One fund, 2 share classes:FDGRXFGCKX
$98.78B NAV
649 positions · as of 2026-05-31 · filed 2026-07-24
data updated 2026-09-08

Fund profile

As filed in the prospectus · 2026 Q1

Fidelity Growth Company Fund seeks capital appreciation.

Strategy · summarised

The fund invests at least 80% of assets in common stocks of growth companies, which the adviser identifies through fundamental analysis using criteria such as above-median earnings or sales growth, elevated research and development spending relative to administrative costs, or capital-raising activity. The fund holds both domestic and foreign securities. Because security selection depends on the adviser's assessment of individual company growth potential, fund performance will diverge from any broad market benchmark.

Expenses
0.62% 0.69%across 2 share classes
Share classExpense ratio
FDGRX0.69%
FGCKX0.62%

Portfolio turnover 16.00% · as of 2026 Q1

Allocation

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

100.26%
of net assets
Stocks99.74%
Cash & short-term0.46%
Bonds0.06%

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 78 new39 exited

Largest new: CEREBRAS SYSTEMS INC, OURA INC ×2, MAIR, MEESHO, TNGX, ADM, CBRS

Largest exited: CEREBRAS SYSTEMS INC, OURA HEALTH OY ×2, SLAB, BABA, MEESHO, RDDT, BETA TECHNOLOGIES INC

Return profile

Chart:

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

Share class1-year3-year5-yearVolWorst fall
+58.54%+139.45%+110.04%19.08%-13.77%
+58.61%+139.82%+110.53%19.10%-13.75%

These classes hold the same portfolio, so the 0.49pp spread over 5 years is the cost difference between them — roughly 0.10pp 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
0.07%
Avg maturity
0.86 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.

36%
floating
Fixed rate64.4%
Floating rate35.6%
Maturity ladder

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

<1y10y+
<1y79.8%
1-3y15.6%
10y+4.5%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: 41.09% · $23.76M · 2 positions

These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.

Holdings

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

Issuer%NAVValue
NVIDIA CORPNVDA15.76%$15.56B
APPLE INCAAPL7.56%$7.47B
MICROSOFT CORPMSFT5.94%$5.86B
AMAZON.COM INCAMZN5.30%$5.23B
ALPHABET INCGOOGL4.43%$4.38B
SANDISK CORPSNDK3.89%$3.84B
CIENA CORPCIEN3.76%$3.71B
ALPHABET INCGOOG3.12%$3.08B
META PLATFORMS INCMETA2.82%$2.79B
BROADCOM INCAVGO2.29%$2.26B
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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 54.86% of net assets, top 25 70.39%, across 492 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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