VIP Contrafund Portfolio
Variable Insurance Products Fund II · Series S000007724
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2026 Q2
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.
| Share class | Expense ratio |
|---|---|
| C000021005 | 0.54% |
| C000021006 | 0.61% |
| C000021007 | 0.64% |
| C000021009 | 0.79% |
Portfolio turnover 48.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 97.66% |
| Cash & short-term | 3.16% |
| Bonds | 0.00% |
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 and Jun 2026 have been filed since the trailing figures were struck, so they are 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.
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.
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 |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPNVDA | 10.05% | $200.09 | $3.06B | 15.3M |
| META | META PLATFORMS INCMETA | 6.44% | $563.29 | $1.96B | 3.5M |
| GOOG | ALPHABET INCGOOG | 5.41% | $353.33 | $1.65B | 4.7M |
| AMZN | AMAZON.COM INCAMZN | 4.63% | $238.34 | $1.41B | 5.9M |
| — | SPACE EXPLORATION TECHNOLOGIES CORP | 3.31% | $170.86 | $1.01B | 5.9M |
| BRK/B | BERKSHIRE HATHAWAY INC DELBRK/B | 3.28% | $500.39 | $997.87M | 2.0M |
| MSFT | MICROSOFT CORPMSFT | 2.49% | $373.02 | $758.83M | 2.0M |
| — | Fidelity Revere Street Trust | 2.35% | — | $715.55M | — |
| LLY | ELI LILLY and COLLY | 2.16% | $1,199.43 | $657.95M | 548.6K |
| AVGO | BROADCOM INCAVGO | 2.09% | $377.75 | $635.67M | 1.7M |
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.
Top 10 positions are 42.19% of net assets, top 25 60.08%, across 410 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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