VIP Contrafund Portfolio
Actively managed U.S. stock fund
As of its 2026 Q2 report, VIP Contrafund Portfolio held 453 positions with $30.46B in net assets. Its ten largest holdings made up 42.2% of the fund. Its share classes cost 0.54%–0.79% a year. Over the 12 months to May 2026, it returned 28.5%, with dividends reinvested. In 2026 Q2 it added 76 new positions and exited 72.
VIP Contrafund? Portfolio seeks long-term capital appreciation.
The fund invests primarily in common stocks of companies whose intrinsic value Fidelity believes the market has not yet recognized, using fundamental analysis of financial condition, industry position, and economic conditions to identify opportunities. The fund may hold both domestic and foreign securities and may invest in growth or value stocks or both. Because performance depends on the manager's security selections and the market's eventual recognition of value, results may diverge significantly from broad market returns.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA CORP | 10.05% | $3.06B | 15.3M | $200.09 |
6.44% | $1.96B | 3.5M | $563.29 | |
GOOGALPHABET INC | 5.41% | $1.65B | 4.7M | $353.33 |
AMZNAMAZON.COM INC | 4.63% | $1.41B | 5.9M | $238.34 |
SPACE EXPLORATION TECHNOLOGIES CORP | 3.31% | $1.01B | 5.9M | $170.86 |
3.28% | $997.87M | 2.0M | $500.39 | |
MSFTMICROSOFT CORP | 2.49% | $758.83M | 2.0M | $373.02 |
Fidelity Revere Street Trust | 2.35% | $715.55M | — | — |
2.16% | $657.95M | 548.6K | $1,199.43 | |
AVGOBROADCOM INC | 2.09% | $635.67M | 1.7M | $377.75 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
The 200 largest of 453 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 | 97.66% |
| Cash & short-term | 3.16% |
| Bonds | 0.00% |
By sector
- Information Technology
- 29.5%
- Communication Services
- 15.0%
- International
- 9.9%
- Financials
- 9.7%
- 10 other sectors
- 36.0%
- Information Technology
- 29.5%
- Communication Services
- 15.0%
- International
- 9.9%
- Financials
- 9.7%
- Industrials
- 7.9%
- Consumer Discretionary
- 7.3%
- Health Care
- 6.0%
- Other
- 5.4%
- Cash
- 3.1%
- Consumer Staples
- 2.3%
- Energy
- 1.5%
- Real Estate
- 1.1%
- Utilities
- 0.7%
- Materials
- 0.6%
How it has done
C000021005 share class · total returns with dividends reinvested
Volatility over the last 12 months: 14.39%. Past returns are a record, not a forecast.
Jun 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.
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
Fees & fund details
VIP Contrafund Portfolio is an actively managed U.S. equity fund. 32% of VIP Contrafund Portfolio’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 82% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.54% – 0.79%
- Portfolio turnover
- 48.00% a year · as of 2026 Q2
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.
76 new· the largest 7
72 exited· the largest 4
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
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