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FMCSX

Fidelity Mid-Cap Stock Fund

Actively managedEquityOpen-end fund
Fidelity Concord Street Trust: FMCSX · FKMCX · FMCNX · FMCWX · FMCHX · FMCJX · FMCQXHoldings as of Apr 30, 2026Filed Jun 26, 2026

Actively managed U.S. stock fund

As of its 2026 Q2 report, Fidelity Mid-Cap Stock Fund held 182 positions with $8.76B in net assets. Its ten largest holdings made up 16.4% of the fund. The FMCSX share class costs 0.62% a year. Over the 12 months to May 2026, FMCSX returned 30.9%, with dividends reinvested. In 2026 Q3 it added 19 new positions and exited 22.

2026 Q2 holdings and allocationChanges are against the previous quarter, 2026 Q2Headline fees and returns use the FMCSX share class
Expense ratio · FMCSX
0.62%
$62 a year for every $10,000 invested
0.55% – 1.69% across the 7 classes
$8.76B
The whole fund, all share classes
182 holdings
16.4%in the top 10
Weight held in the ten largest holdings
Top 25 hold 32.5%
Return, 1 year · FMCSX
+30.9%
With dividends, to May 2026
3 yr total +70.5% · 5 yr total +62.6%
What this fund is
Objective, as filed

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

Strategy, summarised

The fund invests at least 80% of assets in common stocks of companies with medium market capitalizations similar to those in the Russell Midcap Index or S&P MidCap 400 Index, using fundamental analysis of financial condition, industry position, and market conditions to select holdings. The fund may also hold stocks outside the mid-cap range and may invest in domestic and foreign issuers. Because security selection depends on the manager's analysis rather than index constituents, fund performance may diverge from mid-cap benchmarks.

What you own

per cent of the fund
CompanyWeightValue
Fidelity Revere Street Trust
3.19%
$279.10M
FLEX LTD
1.98%
$173.33M
SPACE EXPLORATION TECHNOLOGIES CORP
1.93%
$169.35M
TECHNIPFMC PLC
1.44%
$126.23M
1.41%
$123.59M
1.36%
$118.76M
1.33%
$116.61M
FABRINET
1.33%
$116.41M
1.23%
$107.63M
1.21%
$105.53M
Showing 1–10 of 182 · the top 10 are 16.40% of the fund, the top 25 are 32.53%

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 182 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%.

101.09%
of net assets
Stocks96.64%
Cash & short-term4.30%
Derivatives0.15%

Derivatives are shown at market value, not notional exposure.

By sector

Industrials
23.4%
Information Technology
13.3%
Financials
12.9%
Consumer Discretionary
8.6%
10 other sectors
41.8%

How it has done

Total return, dividends reinvested · to May 2026

FMCSX share class · total returns with dividends reinvested

1 year
+30.91%
3 years
+70.51%
Cumulative, not per year
5 years
+62.56%
Cumulative, not per year
Largest decline in 3 years
-12.53%
From a previous high to a later low
Cumulative return, last three years· Aug 2023 – May 2026

Volatility over the last 12 months: 11.13%. 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 classExpense ratio1 year3 years5 yearsWorst fall
0.62%+30.91%+70.51%+62.56%-12.53%
0.55%+31.01%+70.97%+63.16%-12.50%
1.69%+29.50%———
0.58%+31.02%———
0.94%+30.53%———
1.18%+30.19%———
0.69%+30.87%———

These classes hold the same portfolio, so the 1.52pp spread over 1 year is the cost difference between them — roughly 1.52pp a year — not a difference in what they own.

Fees & fund details

Fidelity Mid-Cap Stock Fund is an actively managed U.S. equity fund. 19% of FMCSX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 81% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund
Expense ratio, by class
0.55% – 1.69%· FMCSX 0.62%
Portfolio turnover
35.00% a year · as of 2026 Q2

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

2026 Q3 vs 2026 Q2

Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.

19 new· the largest 8

22 exited· the largest 8

SPACE EXPLORATION TECHNOLOGIES CORP
MASIMO CORP
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