Fidelity OTC Portfolio

Fidelity Securities Fund · 7 share classes

Actively managed U.S. equity fund
One fund, 7 share classes:FOCPXFOCKXFOTJXFOTGXFOTDXFOTEXFOTHX
$40.37B NAV
130 positions · as of 2026-04-30 · filed 2026-06-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

Fidelity OTC Portfolio is an actively managed U.S. equity fund. 29% of FOCPX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 84% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund
Features
Non-diversified

Fund profile

As filed in the prospectus · 2025 Q4

Fidelity OTC Portfolio seeks capital appreciation.

Strategy · summarised

The fund invests primarily in common stocks traded on NASDAQ or over-the-counter markets, using fundamental analysis of financial condition, industry position, and market conditions to select securities across companies of any size, with at least 25% of assets in the technology sector and exposure to both domestic and foreign issuers. The fund's focus on smaller and medium-sized companies typical of OTC markets, combined with its concentrated technology allocation, creates significant concentration risk.

Expenses
0.65% 1.79%across 7 share classes
Share classExpense ratioAs of
FOCPX0.73%2025 Q3
FOCKX0.65%2025 Q3
FOTJX0.69%2025 Q4
FOTGX1.79%2025 Q4
FOTDX1.05%2025 Q4
FOTEX1.30%2025 Q4
FOTHX0.79%2025 Q4

Portfolio turnover 53.00% · as of 2025 Q4

Allocation

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

100.10%
of net assets
Stocks99.84%
Cash & short-term0.25%

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Information Technology46.8%
Communication Services19.9%
International10.4%
Consumer Discretionary8.0%
10 smaller14.9%

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
29%of stock holdings in top-quartile growers
covering 84% 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: 11 new37 exited

Largest new: INTC, ASTRAZENECA PLC, TYRA, TER, ADI, ASCENDIS PHARMA A/S, ODFL, REVOLUT GROUP HOLDINGS LTD

Largest exited: RDDT, POWERSHARES QQQ TR, FSLR, X.AI HOLDINGS CORP, RBLX, ASTRAZENECA PLC, ASCENDIS PHARMA A/S, ASM INTL NV

Return profile

Chart:

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

Share class1-year3-year5-yearVolWorst fall
+57.63%+129.23%+107.99%20.87%-13.35%
+57.83%+130.06%+109.04%20.85%-13.32%
+57.79%20.83%
+56.03%20.79%
+57.19%20.81%
+56.83%20.86%
+57.67%20.84%

These classes hold the same portfolio, so the 1.80pp spread over 1 year is the cost difference between them — roughly 1.80pp 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
NVIDIA CORPNVDA13.65%$5.51B
ALPHABET INCGOOGL10.09%$4.07B
APPLE INCAAPL9.47%$3.82B
AMAZON.COM INCAMZN6.47%$2.61B
MICROSOFT CORPMSFT5.45%$2.20B
ALPHABET INCGOOG4.80%$1.94B
SPACE EXPLORATION TECHNOLOGIES CORP4.72%$1.91B
META PLATFORMS INCMETA3.64%$1.47B
BROADCOM INCAVGO2.86%$1.16B
TAIWAN SEMICONDUCTOR MFG CO LTDTSM2.86%$1.15B
Showing 10 of 130Sign 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 64.02% of net assets, top 25 83.51%, across 120 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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