Fidelity New Millennium Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Fidelity New Millennium Fund held 133 positions with $5.92B in net assets. Its ten largest holdings made up 43.0% of the fund. The FMILX share class costs 0.76% a year. Over the 12 months to May 2026, FMILX returned 31.7%, with dividends reinvested. In 2026 Q2 it added 25 new positions and exited 24.
Fidelity New Millennium Fund seeks capital appreciation.
The fund invests primarily in common stocks of domestic and foreign companies, with a focus on identifying early-stage shifts in technology, innovation, demographics, and economic conditions that may create long-term opportunities; this approach often leads to positions in small and medium-sized companies selected through fundamental analysis of financial condition and industry position. Because the fund concentrates on companies positioned to benefit from specific secular trends, performance depends on the manager's ability to identify those trends and select the companies that will capitalize on them.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA CORP | 8.71% | $516.15M | 2.4M | $211.14 |
AAPLAPPLE INC | 6.54% | $387.17M | 1.2M | $312.06 |
GOOGLALPHABET INC | 6.39% | $378.55M | 995.3K | $380.34 |
AMZNAMAZON.COM INC | 4.80% | $284.52M | 1.1M | $270.64 |
MSFTMICROSOFT CORP | 4.40% | $260.73M | 579.1K | $450.24 |
SPACE EXPLORATION TECHNOLOGIES CORP | 4.16% | $246.23M | 2.3M | $105.32 |
AVGOBROADCOM INC | 2.49% | $147.66M | 330.5K | $446.77 |
2.27% | $134.68M | 138.7K | $971.00 | |
1.66% | $98.27M | 676.5K | $145.26 | |
1.60% | $95.03M | 86.0K | $1,105.00 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
All 133 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 | 99.38% |
| Cash & short-term | 0.65% |
| Derivatives | -0.01% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 35.2%
- Industrials
- 10.5%
- Communication Services
- 9.0%
- International
- 8.2%
- 10 other sectors
- 37.2%
- Information Technology
- 35.2%
- Industrials
- 10.5%
- Communication Services
- 9.0%
- International
- 8.2%
- Financials
- 7.5%
- Consumer Discretionary
- 7.3%
- Health Care
- 6.9%
- Other
- 4.5%
- Energy
- 3.8%
- Materials
- 2.3%
- Consumer Staples
- 2.2%
- Real Estate
- 1.5%
- Utilities
- 0.7%
- Cash
- 0.6%
How it has done
FMILX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.04%. Past returns are a record, not a forecast.
Fees & fund details
Fidelity New Millennium Fund is an actively managed U.S. equity fund. 26% of FMILX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 85% 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%· FMILX 0.76%
- Portfolio turnover
- 30.00% 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.
25 new· the largest 8
24 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 — FMILX, 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?”