Fidelity Series All-Sector Equity Fund

Fidelity Devonshire Trust · 1 share class

Actively managed U.S. equity fund
One fund, 1 share class:FSAEX
$5.40B NAV
304 positions · as of 2026-04-30 · filed 2026-06-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

Fidelity Series All-Sector Equity Fund is an actively managed U.S. equity fund. 25% of FSAEX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 96% 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 Series All-Sector Equity Fund seeks capital appreciation.

Strategy · summarised

The fund allocates assets across all market sectors using multiple Fidelity managers, each applying fundamental analysis to select either growth or value stocks from domestic and foreign issuers. The fund normally holds at least 80% in equity securities. Because security selection depends on each manager's analysis and judgment, fund holdings and performance will diverge from any benchmark.

Expenses
0.00%one share class
Share classExpense ratio
FSAEX0.00%

Portfolio turnover 50.00% · as of 2026 Q1

Allocation

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

101.46%
of net assets
Stocks98.50%
Cash & short-term2.83%
Derivatives0.06%
Bonds0.06%

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

100%
of net assets
Information Technology31.8%
Financials10.9%
Consumer Discretionary10.3%
Communication Services10.3%
11 smaller36.7%

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
25%of stock holdings in top-quartile growers
covering 96% of the fund’s equity
Earnings growth
32%of stock holdings in top-quartile growers
covering 86% 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: 48 new44 exited

Largest new: SNDK, BRZE, OKTA, ELV, SUNOCO LP, JAZZ PHARMACEUTICALS PLC, VTRS, LAZ

Largest exited: AMD, FLEX LTD, JBL, DDOG, PLTR, ORCL, MUR, SNPS

Return profile

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

1-year
+34.35%
3-year
+89.71%
5-year
+91.62%
Volatility
15.39%
Worst 3-yr fall
-8.49%
Cumulative return· May 2023 – Apr 2026

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30

Avg coupon
0.00%
Avg maturity
0.18 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

0%
floating
Fixed rate100.0%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1y
<1y100.0%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: none reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
NVIDIA CORPNVDA9.16%$494.93M
MICROSOFT CORPMSFT6.39%$345.19M
ALPHABET INCGOOG6.21%$335.20M
AMAZON.COM INCAMZN4.73%$255.57M
APPLE INCAAPL3.61%$195.00M
BROADCOM INCAVGO3.27%$176.66M
META PLATFORMS INCMETA2.53%$136.73M
MICRON TECHNOLOGY INCMU2.23%$120.65M
MASTERCARD INCMA1.57%$84.63M
EXXON MOBIL CORPXOM1.55%$83.48M
Showing 10 of 304Sign 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 41.26% of net assets, top 25 57.40%, across 299 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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