Fidelity Leveraged Company Stock Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Fidelity Leveraged Company Stock Fund held 74 positions with $4.12B in net assets. Its ten largest holdings made up 49.2% of the fund. The FLVCX share class costs 0.69% a year. Over the 12 months to May 2026, FLVCX returned 43.0%, with dividends reinvested. In 2026 Q3 it added 7 new positions and exited 12.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA CORP | 6.70% | $275.79M | 1.4M | $199.57 |
GOOGLALPHABET INC | 6.58% | $270.86M | 703.9K | $384.80 |
5.48% | $225.80M | 122.7K | $1,840.25 | |
TSMTAIWAN SEMICONDUCTOR MFG CO LTD | 5.03% | $207.14M | 523.0K | $396.06 |
4.95% | $203.66M | 620.0K | $328.49 | |
4.38% | $180.33M | 294.7K | $611.91 | |
VSTVISTRA CORP | 4.30% | $176.91M | 1.1M | $157.84 |
4.05% | $166.69M | 1.3M | $128.72 | |
3.94% | $162.13M | 313.5K | $517.16 | |
3.75% | $154.50M | 349.0K | $442.70 |
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.
All 74 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 | 100.04% |
| Cash & short-term | 0.70% |
| Bonds | 0.01% |
By sector
- Information Technology
- 27.6%
- Industrials
- 24.1%
- Financials
- 14.9%
- International
- 10.0%
- 9 other sectors
- 23.4%
- Information Technology
- 27.6%
- Industrials
- 24.1%
- Financials
- 14.9%
- International
- 10.0%
- Communication Services
- 9.2%
- Utilities
- 5.0%
- Consumer Discretionary
- 2.8%
- Health Care
- 1.9%
- Materials
- 1.9%
- Consumer Staples
- 1.4%
- Cash
- 0.7%
- Energy
- 0.5%
- Other
- 0.0%
How it has done
FLVCX share class · total returns with dividends reinvested
Volatility over the last 12 months: 21.52%. Past returns are a record, not a forecast.
Jun 2026 and Jul 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.
The 7 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.69% | +42.97% | +119.13% | +91.96% | -15.93% | |
| 0.61% | +43.08% | +119.62% | +92.84% | -15.90% | |
| 0.61% | +43.06% | — | — | — | |
| 0.73% | +42.90% | — | — | — | |
| 0.98% | +42.54% | — | — | — | |
| 1.23% | +42.23% | — | — | — | |
| 1.73% | +41.45% | — | — | — |
These classes hold the same portfolio, so the 1.64pp spread over 1 year is the cost difference between them — roughly 1.64pp a year — not a difference in what they own.
Fees & fund details
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
- Expense ratio, by class
- 0.61% – 1.73%· FLVCX 0.69%
- Portfolio turnover
- 12.00% 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.
7 new
12 exited· the largest 8
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.
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 — FLVCX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”