Fidelity Growth Discovery Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Fidelity Growth Discovery Fund held 145 positions with $6.75B in net assets. Its ten largest holdings made up 50.4% of the fund. The FDSVX share class costs 0.62% a year. Over the 12 months to May 2026, FDSVX returned 31.4%, with dividends reinvested. In 2026 Q2 it added 25 new positions and exited 32.
Fidelity Growth Discovery Fund seeks capital appreciation.
The fund invests primarily in common stocks of growth companies selected through fundamental analysis of factors including projected earnings or sales growth, research and development intensity, and capital-raising activity, with at least 80% of assets in growth securities as of December 11, 2025. The fund may hold both domestic and foreign issuers and may use derivatives for market exposure. Because security selection depends on the adviser's assessment of individual companies' growth potential, fund performance will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA CORP | 13.70% | $925.36M | 4.6M | $200.09 |
GOOGLALPHABET INC | 10.45% | $705.42M | 2.0M | $357.37 |
AAPLAPPLE INC | 5.03% | $339.32M | 1.2M | $289.36 |
AVGOBROADCOM INC | 4.30% | $290.11M | 768.0K | $377.75 |
3.56% | $240.74M | 200.7K | $1,199.43 | |
TSMTAIWAN SEMICONDUCTOR MFG CO LTD | 3.31% | $223.65M | 468.3K | $477.57 |
2.82% | $190.42M | 327.8K | $580.91 | |
2.59% | $175.11M | 151.7K | $1,154.29 | |
TSLATESLA INC | 2.40% | $162.40M | 386.1K | $420.60 |
AMZNAMAZON.COM INC | 2.26% | $152.75M | 640.9K | $238.34 |
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.
All 145 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 | 99.09% |
| Cash & short-term | 1.06% |
By sector
- Information Technology
- 45.2%
- Communication Services
- 12.9%
- International
- 11.7%
- Industrials
- 8.0%
- 9 other sectors
- 22.2%
- Information Technology
- 45.2%
- Communication Services
- 12.9%
- International
- 11.7%
- Industrials
- 8.0%
- Health Care
- 6.6%
- Consumer Discretionary
- 5.8%
- Financials
- 3.8%
- Other
- 2.2%
- Materials
- 1.5%
- Cash
- 1.1%
- Energy
- 0.8%
- Utilities
- 0.2%
- Real Estate
- 0.2%
How it has done
FDSVX share class · total returns with dividends reinvested
Volatility over the last 12 months: 16.77%. Past returns are a record, not a forecast.
Jun 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.
The 2 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.62% | +31.38% | +101.33% | +98.18% | -10.63% | |
| 0.54% | +31.51% | +101.77% | +98.95% | -10.62% |
These classes hold the same portfolio, so the 0.77pp spread over 5 years is the cost difference between them — roughly 0.15pp a year — not a difference in what they own.
Fees & fund details
Fidelity Growth Discovery Fund is an actively managed U.S. equity fund. 39% of FDSVX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 86% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
- Expense ratio, by class
- 0.54% – 0.62%· FDSVX 0.62%
- Portfolio turnover
- 60.00% 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.
25 new· the largest 8
32 exited· the largest 8
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 — FDSVX, QQQ and the fund in my 401(k)?”
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