Fidelity Leveraged Company Stock Fund
Fidelity Securities Fund · 7 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Fidelity Leveraged Company Stock Fund is an actively managed U.S. equity fund. 39% of FLVCX’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 · 2025 Q3
Fidelity Leveraged Company Stock Fund seeks capital appreciation.
The fund invests at least 80% of assets in stocks of leveraged companies—those that issue long-term debt—selecting them through fundamental analysis of financial condition, industry position, and market conditions. The fund may also hold lower-quality debt securities and uses derivatives to gain exposure to leveraged companies and associated market risk factors. Because security selection depends on the manager's analysis, fund holdings and performance may diverge from any benchmark.
| Share class | Expense ratio |
|---|---|
| FLVCX | 0.69% |
| FLCKX | 0.61% |
| FLEOX | 0.61% |
| FLENX | 0.73% |
| FLEJX | 0.98% |
| FLELX | 1.23% |
| FLEMX | 1.73% |
Portfolio turnover 12.00% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 100.04% |
| Cash & short-term | 0.70% |
| Bonds | 0.01% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 24.9% |
| Industrials | 22.9% |
| Financials | 13.0% |
| Communication Services | 11.8% |
| 8 smaller | 27.4% |
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
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
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +51.19% | +105.59% | +83.76% | 22.99% | -15.93% | |
| +51.30% | +106.07% | +84.57% | 23.01% | -15.90% | |
| +51.31% | — | — | 23.02% | — | |
| +51.13% | — | — | 23.00% | — | |
| +50.75% | — | — | 23.00% | — | |
| +50.43% | — | — | 22.99% | — | |
| +49.59% | — | — | 22.98% | — |
These classes hold the same portfolio, so the 1.72pp spread over 1 year is the cost difference between them — roughly 1.72pp a year — not a difference in what they own.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
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
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPNVDA | 6.70% | $199.57 | $275.79M | 1.4M |
| GOOGL | ALPHABET INCGOOGL | 6.58% | $384.80 | $270.86M | 703.9K |
| FIX | COMFORT SYSTEMS USA INCFIX | 5.48% | $1,840.25 | $225.80M | 122.7K |
| TSM | TAIWAN SEMICONDUCTOR MFG CO LTDTSM | 5.03% | $396.06 | $207.14M | 523.0K |
| VRT | VERTIV HOLDINGS COVRT | 4.95% | $328.49 | $203.66M | 620.0K |
| META | META PLATFORMS INCMETA | 4.38% | $611.91 | $180.33M | 294.7K |
| VST | VISTRA CORPVST | 4.30% | $157.84 | $176.91M | 1.1M |
| APO | APOLLO GLOBAL MANAGEMENT, INCAPO | 4.05% | $128.72 | $166.69M | 1.3M |
| MU | MICRON TECHNOLOGY INCMU | 3.94% | $517.16 | $162.13M | 313.5K |
| BLD | TOPBUILD CORPBLD | 3.75% | $442.70 | $154.50M | 349.0K |
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 49.15% of net assets, top 25 76.24%, across 72 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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