Fidelity Magellan Fund
Fidelity Magellan Fund · Series S000007112 · 7 share classes
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2026 Q2
Fidelity Magellan Fund seeks capital appreciation.
The fund invests primarily in common stocks of domestic and foreign companies selected through fundamental analysis of financial condition, industry position, and market conditions, with no constraint to either growth or value style. Because security selection depends on the manager's analysis rather than an index or systematic rule, performance will diverge from any benchmark.
| Share class | Expense ratio |
|---|---|
| FMAGX | 0.64% |
| FMGKX | 0.57% |
| FMASX | 0.57% |
| FMAOX | 0.68% |
| FMAEX | 0.93% |
| FMAJX | 1.18% |
| FMANX | 1.68% |
Portfolio turnover 54.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 98.85% |
| Cash & short-term | 1.16% |
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 |
|---|---|---|---|---|---|
| +19.32% | +77.01% | +66.78% | 17.93% | -10.24% | |
| +19.40% | +77.27% | +67.23% | 17.95% | -10.24% | |
| +19.40% | — | — | 17.94% | — | |
| +19.26% | — | — | 17.90% | — | |
| +18.97% | — | — | 17.95% | — | |
| +18.68% | — | — | 17.89% | — | |
| +18.10% | — | — | 17.90% | — |
These classes hold the same portfolio, so the 1.31pp spread over 1 year is the cost difference between them — roughly 1.31pp a year — not a difference in what they own.
May 2026 and Jun 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.
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 | 10.68% | $200.09 | $4.03B | 20.2M |
| AMZN | AMAZON.COM INCAMZN | 5.76% | $238.34 | $2.18B | 9.1M |
| AVGO | BROADCOM INCAVGO | 4.83% | $377.75 | $1.82B | 4.8M |
| MSFT | MICROSOFT CORPMSFT | 4.47% | $373.02 | $1.69B | 4.5M |
| GOOGL | ALPHABET INCGOOGL | 3.98% | $357.37 | $1.51B | 4.2M |
| AMD | ADVANCED MICRO DEVICES INCAMD | 3.96% | $580.91 | $1.50B | 2.6M |
| KLAC | KLA CORPKLAC | 3.53% | $301.71 | $1.33B | 4.4M |
| GOOG | ALPHABET INCGOOG | 3.40% | $353.33 | $1.28B | 3.6M |
| META | META PLATFORMS INCMETA | 3.38% | $563.29 | $1.28B | 2.3M |
| LRCX | LAM RESEARCH CORPLRCX | 2.82% | $433.33 | $1.06B | 2.5M |
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.
Top 10 positions are 46.80% of net assets, top 25 73.44%, across 46 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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