Select Defense and Aerospace Portfolio
Fidelity Select Portfolios · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
Select Defense and Aerospace Portfolio is an actively managed U.S. equity fund. 15% of FSDAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 95% 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 · 2026 Q2
Defense and Aerospace Portfolio seeks capital appreciation.
The fund invests at least 80% of assets in common stocks of companies principally engaged in defense and aerospace manufacturing, equipment, parts, or related services, using fundamental analysis of financial condition and industry position to select holdings. The fund may also use derivatives to gain exposure to these investments or their market risk factors. Because security selection depends on the manager's assessment of each company's involvement in defense and aerospace activities, fund holdings and performance may diverge from any particular index or peer group.
| Share class | Expense ratio |
|---|---|
| FSDAX | 0.63% |
Portfolio turnover 18.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.49% |
| Cash & short-term | 1.40% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Industrials | 93.3% |
| International | 5.3% |
| Cash | 1.4% |
| Information Technology | 0.0% |
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
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
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 |
|---|---|---|---|---|---|
| GE | GE AEROSPACEGE | 21.93% | $323.76 | $846.73M | 2.6M |
| RTX | RTX CORPRTX | 12.88% | $179.66 | $497.50M | 2.8M |
| BA | BOEING COBA | 11.57% | $231.15 | $446.93M | 1.9M |
| HWM | HOWMET AEROSPACE INCHWM | 5.01% | $258.25 | $193.38M | 748.8K |
| HEI/A | HEICO CORP NEWHEI/A | 4.65% | $259.81 | $179.45M | 690.7K |
| RKLB | ROCKET LAB CORPRKLB | 4.39% | $143.48 | $169.41M | 1.2M |
| GD | GENERAL DYNAMICS CORPGD | 3.84% | $346.82 | $148.37M | 427.8K |
| CW | CURTISS-WRIGHT CORPCW | 3.50% | $747.61 | $135.17M | 180.8K |
| CRS | CARPENTER TECHNOLOGY CORPCRS | 3.36% | $468.98 | $129.58M | 276.3K |
| TDG | TRANSDIGM GROUP INCTDG | 2.65% | $1,258.32 | $102.43M | 81.4K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
Top 10 positions are 73.79% of net assets, top 25 99.18%, across 31 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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