Fidelity New Millennium Fund
Fidelity Mt. Vernon Street Trust · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
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
Fund profile
As filed in the prospectus · 2026 Q1
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.
| Share class | Expense ratio |
|---|---|
| FMILX | 0.76% |
Portfolio turnover 30.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| 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.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 35.2% |
| Industrials | 10.5% |
| Communication Services | 9.0% |
| International | 8.2% |
| 10 smaller | 37.2% |
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
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
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 has been filed since the trailing figures were struck, so it is 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 | 8.71% | $211.14 | $516.15M | 2.4M |
| AAPL | APPLE INCAAPL | 6.54% | $312.06 | $387.17M | 1.2M |
| GOOGL | ALPHABET INCGOOGL | 6.39% | $380.34 | $378.55M | 995.3K |
| AMZN | AMAZON.COM INCAMZN | 4.80% | $270.64 | $284.52M | 1.1M |
| MSFT | MICROSOFT CORPMSFT | 4.40% | $450.24 | $260.73M | 579.1K |
| — | SPACE EXPLORATION TECHNOLOGIES CORP | 4.16% | $105.32 | $246.23M | 2.3M |
| AVGO | BROADCOM INCAVGO | 2.49% | $446.77 | $147.66M | 330.5K |
| MU | MICRON TECHNOLOGY INCMU | 2.27% | $971.00 | $134.68M | 138.7K |
| XOM | EXXON MOBIL CORPXOM | 1.66% | $145.26 | $98.27M | 676.5K |
| LLY | ELI LILLY and COLLY | 1.60% | $1,105.00 | $95.03M | 86.0K |
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.
Top 10 positions are 43.04% of net assets, top 25 59.46%, across 123 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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