Fidelity Value Discovery Fund
Fidelity Puritan Trust · 7 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Fidelity Value Discovery Fund is an actively managed U.S. equity fund. 3% of FVDFX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 86% 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 Q4
Fidelity Value Discovery Fund seeks capital appreciation.
The fund invests primarily in common stocks of companies that the adviser believes are undervalued relative to metrics such as assets, earnings, cash flow, or valuation multiples compared to peers or market medians, using fundamental analysis of financial condition and industry position. The fund normally allocates at least 80% of assets to value companies, identified through traditional value measures including free cash flow yield, enterprise value-to-earnings ratios, price-to-book, and projected price-to-earnings ratios. The fund may invest in both domestic and foreign issuers and may use derivatives to gain exposure to these investments.
| Share class | Expense ratio | As of |
|---|---|---|
| FVDFX | 0.49% | 2025 Q3 |
| FVDKX | 0.41% | 2025 Q3 |
| FVDOX | 0.40% | 2025 Q4 |
| FVDNX | 0.52% | 2025 Q4 |
| FVDJX | 0.77% | 2025 Q4 |
| FVDLX | 1.02% | 2025 Q4 |
| FVDMX | 1.52% | 2025 Q4 |
Portfolio turnover 59.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 98.56% |
| Cash & short-term | 2.25% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Financials | 18.2% |
| Industrials | 13.4% |
| International | 10.8% |
| Health Care | 10.4% |
| 10 smaller | 47.1% |
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
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
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +27.30% | +44.71% | +50.14% | 9.88% | -6.99% | |
| +27.44% | +45.14% | +50.85% | 9.85% | -6.97% | |
| — | — | — | — | — | |
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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 |
|---|---|---|---|---|---|
| GOOGL | ALPHABET INCGOOGL | 4.55% | $384.80 | $172.69M | 448.8K |
| AMZN | AMAZON.COM INCAMZN | 3.91% | $265.06 | $148.49M | 560.2K |
| XOM | EXXON MOBIL CORPXOM | 3.69% | $154.33 | $139.88M | 906.4K |
| BAC | BANK OF AMERICA CORPORATIONBAC | 2.50% | $53.46 | $94.94M | 1.8M |
| CSCO | CISCO SYSTEMS INCCSCO | 2.31% | $91.50 | $87.46M | 955.9K |
| MRK | MERCK and CO INCMRK | 2.09% | $109.18 | $79.39M | 727.1K |
| — | CHUBB LTD | 2.02% | $327.00 | $76.69M | 234.5K |
| TRV | TRAVELERS COS INCTRV | 1.98% | $305.14 | $75.15M | 246.3K |
| SHEL | SHELL PLCSHEL | 1.94% | $90.67 | $73.53M | 810.9K |
| GOOG | ALPHABET INCGOOG | 1.87% | $381.94 | $70.85M | 185.5K |
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 26.85% of net assets, top 25 49.15%, 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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