Fidelity Mid-Cap Stock Fund

Fidelity Concord Street Trust · 7 share classes

Actively managed U.S. equity fund
One fund, 7 share classes:FMCSXFKMCXFMCNXFMCWXFMCHXFMCJXFMCQX
$8.76B NAV
182 positions · as of 2026-04-30 · filed 2026-06-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

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

Fund profile

As filed in the prospectus · 2026 Q2

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.

Expenses
0.55% 1.69%across 7 share classes
Share classExpense ratio
FMCSX0.62%
FKMCX0.55%
FMCNX1.69%
FMCWX0.58%
FMCHX0.94%
FMCJX1.18%
FMCQX0.69%

Portfolio turnover 35.00% · as of 2026 Q2

Allocation

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

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

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
Industrials24.3%
Financials12.5%
Information Technology12.1%
Consumer Discretionary8.7%
10 smaller42.3%

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
19%of stock holdings in top-quartile growers
covering 81% 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: 16 new17 exited

Largest new: MTSI, RMBS, ESI, ROIVANT SCIENCES LTD, CACI, HL, FPS, AEIS

Largest exited: DT, PCTY, WAL, DOCS, FLUTTER ENTERTAINMENT PLC, GPI, MOH, DPZ

Return profile

Chart:

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

Share class1-year3-year5-yearVolWorst fall
+35.16%+58.50%+62.06%11.61%-12.53%
+35.26%+58.92%+62.66%11.58%-12.50%
+33.75%11.59%
+35.28%11.59%
+34.79%11.61%
+34.46%11.61%
+35.12%11.59%

These classes hold the same portfolio, so the 1.54pp spread over 1 year is the cost difference between them — roughly 1.54pp a year — not a difference in what they own.

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
Fidelity Revere Street Trust3.19%$279.10M
FLEX LTD1.98%$173.33M
SPACE EXPLORATION TECHNOLOGIES CORP1.93%$169.35M
TECHNIPFMC PLC1.44%$126.23M
IMPERIAL OIL LTDIMO1.41%$123.59M
JONES LANG LASALLE INCJLL1.36%$118.76M
WINTRUST FINANCIAL CORPWTFC1.33%$116.61M
FABRINET1.33%$116.41M
WOODWARD INCWWD1.23%$107.63M
TWILIO INCTWLO1.21%$105.53M
Showing 10 of 182Sign 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 16.40% of net assets, top 25 32.53%, across 180 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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