Fidelity Mid Cap Value Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Fidelity Mid Cap Value Fund held 182 positions with $2.10B in net assets. Its ten largest holdings made up 17.4% of the fund. The FSMVX share class costs 0.84% a year. Over the 12 months to May 2026, FSMVX returned 37.2%, with dividends reinvested. In 2026 Q3 it added 35 new positions and exited 32.
Fidelity Mid Cap Value Fund seeks long-term growth of capital.
The fund invests at least 80% of assets in common stocks of mid-cap companies that trade below median valuation multiples, using metrics such as free cash flow yield, enterprise value-to-earnings, price-to-book, and projected price-to-earnings relative to the broader equity market. The adviser applies fundamental analysis of financial condition, industry position, and market conditions to select holdings. The fund may also hold foreign securities and use derivatives for market exposure. Because security selection depends on the adviser's valuation assessments, fund performance will diverge from any single value benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Fidelity Revere Street Trust | 3.71% | $78.07M | — | — |
3.31% | $69.57M | 160.1K | $434.52 | |
PACSPACS GROUP INC | 1.63% | $34.32M | 1.0M | $33.55 |
CIENCIENA CORP | 1.38% | $29.06M | 55.1K | $527.58 |
SNDKSANDISK CORP | 1.38% | $28.94M | 26.4K | $1,096.51 |
WELLWELLTOWER INC | 1.33% | $27.94M | 128.6K | $217.34 |
1.28% | $27.04M | 138.9K | $194.62 | |
1.17% | $24.64M | 244.4K | $100.81 | |
1.12% | $23.54M | 173.8K | $135.43 | |
1.04% | $21.86M | 72.3K | $302.45 |
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%.
| Stocks | 100.02% |
| Cash & short-term | 3.74% |
By sector
- Industrials
- 17.7%
- Financials
- 17.0%
- Health Care
- 10.7%
- Information Technology
- 8.2%
- 9 other sectors
- 46.4%
- Industrials
- 17.7%
- Financials
- 17.0%
- Health Care
- 10.7%
- Information Technology
- 8.2%
- International
- 7.7%
- Consumer Discretionary
- 7.5%
- Utilities
- 6.4%
- Real Estate
- 5.9%
- Energy
- 5.5%
- Materials
- 5.4%
- Consumer Staples
- 4.4%
- Cash
- 2.7%
- Communication Services
- 0.9%
How it has done
FSMVX share class · total returns with dividends reinvested
Volatility over the last 12 months: 15.32%. 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 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.84% | +37.17% | +88.70% | +78.81% | -15.02% | |
| 1.13% | +36.72% | +86.95% | +76.04% | -15.13% | |
| 1.89% | +35.73% | +84.17% | +71.96% | -15.31% | |
| 1.38% | +36.35% | +85.41% | +73.72% | -15.23% | |
| 0.89% | +37.10% | +88.36% | +78.38% | -15.02% | |
| 0.76% | +37.23% | +89.14% | +79.60% | -14.97% |
These classes hold the same portfolio, so the 7.64pp spread over 5 years is the cost difference between them — roughly 1.53pp a year — not a difference in what they own.
Fees & fund details
Fidelity Mid Cap Value Fund is an actively managed U.S. equity fund. 16% of FSMVX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 88% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.76% – 1.89%· FSMVX 0.84%
- Portfolio turnover
- 84.00% a year · as of 2026 Q1
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.
35 new· the largest 8
32 exited· the largest 8
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 — FSMVX, 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?”