Fidelity Large Cap Stock Fund

Fidelity Concord Street Trust · 6 share classes

Actively managed U.S. equity fund
One fund, 6 share classes:FLCSXFLAJXFLAHXFHZTXFLAZXFLAFX
$10.16B NAV
186 positions · as of 2026-04-30 · filed 2026-06-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

Fidelity Large Cap Stock Fund is an actively managed U.S. equity fund. 15% of FLCSX’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 Q2

Fidelity Large Cap Stock Fund seeks long-term growth of capital.

Strategy · summarised

The fund invests at least 80% of assets in common stocks of large-capitalization companies, as defined by holdings similar to those in the Russell 1000 Index or S&P 500 Index, using fundamental analysis of financial condition, industry position, and market conditions to select growth or value stocks across domestic and foreign issuers. The fund may also use derivatives to gain exposure to these investments or associated market risk factors.

Expenses
0.64% 1.75%across 6 share classes
Share classExpense ratio
FLCSX0.73%
FLAJX1.75%
FLAHX1.26%
FHZTX0.76%
FLAZX0.64%
FLAFX1.01%

Portfolio turnover 25.00% · as of 2026 Q2

Allocation

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

101.26%
of net assets
Stocks96.33%
Cash & short-term5.01%
Derivatives-0.08%

The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.

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
Information Technology21.9%
Industrials16.1%
Financials11.9%
Communication Services10.4%
10 smaller39.7%

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
15%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: 19 new29 exited

Largest new: ANET, RKT, HOOD, MOD, ARM HOLDINGS LIMITED, RMBS, CBRE, CHICAGO BOARD OPTIONS EXCHANGE

Largest exited: GPGI INC, MRVL, NTRS, MOS, TFC, MUR, UST BILLS, UNIVERSAL MUSIC GROUP NV

Return profile

Chart:

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

Share class1-year3-year5-yearVolWorst fall
+40.52%+95.72%+110.97%13.43%-8.31%
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 CORPNVDA7.92%$805.50M
BOEING COBA4.77%$484.93M
MICROSOFT CORPMSFT4.70%$477.99M
WELLS FARGO and COWFC3.89%$395.60M
GE VERNOVA INCGEV3.77%$383.10M
ALPHABET INCGOOGL3.77%$382.86M
Fidelity Revere Street Trust3.75%$380.76M
GE AEROSPACEGE3.60%$365.83M
EXXON MOBIL CORPXOM3.58%$364.25M
AMAZON.COM INCAMZN3.39%$344.28M
Showing 10 of 186Sign 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 43.14% of net assets, top 25 69.21%, across 176 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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