Fidelity Real Estate Investment Portfolio
Actively managed U.S. stock fund
As of its 2026 Q2 report, Fidelity Real Estate Investment Portfolio held 45 positions with $3.27B in net assets. Its ten largest holdings made up 58.7% of the fund. The FRESX share class costs 0.64% a year. Over the 12 months to May 2026, FRESX returned 11.2%, with dividends reinvested. In 2026 Q3 it added 1 new positions and exited none.
Fidelity Real Estate Investment Portfolio seeks above-average income and long-term capital growth, consistent with reasonable investment risk. The fund seeks to provide a yield that exceeds the composite yield of the S&P 500 Index.
The fund invests primarily in common stocks of companies principally engaged in the real estate industry, including REITs, real estate developers, mortgage lenders, and related businesses, selecting securities through fundamental analysis of financial condition, industry position, and market conditions. The fund normally maintains at least 80% of assets in real estate securities and may invest in both domestic and foreign issuers. Because security selection depends on the manager's analysis, fund holdings and performance may diverge from the real estate market overall.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
PLDPROLOGIS INC | 9.51% | $311.37M | 2.2M | $142.02 |
EQIXEQUINIX INC | 9.31% | $304.90M | 281.6K | $1,082.83 |
8.44% | $276.36M | 1.5M | $182.71 | |
WELLWELLTOWER INC | 8.40% | $275.08M | 1.3M | $217.34 |
4.45% | $145.80M | 725.6K | $200.94 | |
4.45% | $145.75M | 715.5K | $203.71 | |
4.08% | $133.77M | 5.7M | $23.64 | |
NNNNNN REIT INC | 3.45% | $113.06M | 2.6M | $43.79 |
CBRECBRE GROUP INC | 3.32% | $108.65M | 761.3K | $142.73 |
3.29% | $107.91M | 356.8K | $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 45 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 | 0.87% |
By sector
- Real Estate
- 99.4%
- Cash
- 0.4%
- Information Technology
- 0.2%
How it has done
FRESX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.44%. 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 |
|---|---|---|---|---|---|
| 0.64% | +11.19% | +34.64% | +21.86% | -12.20% | |
| 0.56% | — | — | — | — | |
| 0.68% | — | — | — | — | |
| 0.93% | — | — | — | — | |
| 1.18% | — | — | — | — | |
| 1.68% | — | — | — | — |
Fees & fund details
Fidelity Real Estate Investment Portfolio is an actively managed U.S. equity fund. 23% of FRESX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 100% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
- Expense ratio, by class
- 0.56% – 1.68%· FRESX 0.64%
- Portfolio turnover
- 35.00% 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.
1 new
0 exited
Understand how this fund fits with the rest.
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