Fidelity Series Intrinsic Opportunities Fund

Fidelity Puritan Trust · 1 share class

Actively managed U.S. equity fund
One fund, 1 share class:FDMLX
$2.99B NAV
269 positions · as of 2026-04-30 · filed 2026-06-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

Fidelity Series Intrinsic Opportunities Fund is an actively managed U.S. equity fund. 8% of FDMLX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 81% 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 · 2025 Q3

Fidelity Series Intrinsic Opportunities Fund seeks capital appreciation.

Strategy · summarised

The fund invests primarily in common stocks of companies that the manager believes are undervalued relative to assets, sales, earnings, growth potential, or cash flow, or relative to peers in the same industry. The fund may also hold growth stocks and invests in both domestic and foreign issuers, using fundamental analysis of financial condition, industry position, and market conditions to guide selection. Because returns depend on the manager's security picks, the fund's performance will diverge from any benchmark.

Expenses
0.00%one share class
Share classExpense ratio
FDMLX0.00%

Portfolio turnover 34.00% · as of 2025 Q3

Allocation

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

100.48%
of net assets
Stocks95.03%
Cash & short-term5.45%

Sector allocation

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

100%
of net assets
Financials22.7%
Industrials14.8%
International12.9%
Consumer Discretionary9.4%
10 smaller40.1%

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
8%of stock holdings in top-quartile growers
covering 81% 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: 22 new17 exited

Largest new: HBAN, KMB, SKT, REZI, WILLIS TOWERS WATSON PLC, MRSH, BCO, AJG

Largest exited: OMF, ASB, CADENCE BANK, TRI POINTE HOMES INC, WHD, BLD, HOG, AAP

Return profile

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

1-year
+28.80%
3-year
+56.89%
5-year
+62.60%
Volatility
13.00%
Worst 3-yr fall
-12.31%
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
Fidelity Revere Street Trust4.52%$134.98M
WELLS FARGO and COWFC1.42%$42.32M
PERFORMANCE FOOD GROUP COPFGC1.17%$35.04M
DIAMONDBACK ENERGY INCFANG1.15%$34.26M
TD SYNNEX CORPSNX1.06%$31.58M
OVINTIV INCOVV1.05%$31.33M
PG and E CORPPCG1.04%$31.01M
STATE STREET CORPSTT1.02%$30.55M
CITIGROUP INCC1.00%$29.88M
STIFEL FINANCIAL CORPSF1.00%$29.79M
Showing 10 of 269Sign 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 14.43% of net assets, top 25 26.88%, across 267 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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