VIP Growth Opportunities Portfolio
Actively managed U.S. stock fund
As of its 2026 Q2 report, VIP Growth Opportunities Portfolio held 200 positions with $5.28B in net assets. Its ten largest holdings made up 50.5% of the fund. Its share classes cost 0.56%–0.81% a year. Over the 12 months to May 2026, it returned 41.4%, with dividends reinvested. In 2026 Q2 it added 33 new positions and exited 28.
VIP Growth Opportunities Portfolio seeks to provide capital growth.
The fund invests at least 80% of assets in common stocks of growth companies, identified through fundamental analysis of factors including projected or trailing earnings growth, sales growth, free cash flow growth relative to market median, research and development intensity, and capital-raising activity; it holds both domestic and foreign issuers. Because security selection depends on the adviser's assessment of growth potential across multiple criteria, fund holdings and performance will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA CORP | 13.91% | $734.83M | 3.7M | $200.09 |
GOOGLALPHABET INC | 5.79% | $305.80M | 855.7K | $357.37 |
GOOGALPHABET INC | 5.22% | $276.08M | 781.4K | $353.33 |
MSFTMICROSOFT CORP | 4.23% | $223.72M | 599.7K | $373.02 |
4.21% | $222.49M | 395.0K | $563.29 | |
TSMTAIWAN SEMICONDUCTOR MFG CO LTD | 4.17% | $220.30M | 461.3K | $477.57 |
AMZNAMAZON.COM INC | 3.54% | $186.78M | 783.7K | $238.34 |
3.23% | $170.83M | 148.0K | $1,154.29 | |
3.20% | $168.94M | 327.9K | $515.23 | |
3.02% | $159.28M | 132.8K | $1,199.43 |
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.
All 200 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 | 99.69% |
| Cash & short-term | 2.77% |
| Bonds | 0.11% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified. The blend is as of 2026Q1, one or more quarters before the direct holdings (2026Q2).
By sector
- Information Technology
- 46.2%
- Communication Services
- 17.6%
- International
- 9.4%
- Consumer Discretionary
- 6.0%
- 7 other sectors
- 20.8%
- Information Technology
- 46.2%
- Communication Services
- 17.6%
- International
- 9.4%
- Consumer Discretionary
- 6.0%
- Other
- 5.8%
- Health Care
- 5.3%
- Industrials
- 4.2%
- Financials
- 3.4%
- Utilities
- 1.5%
- Cash
- 0.5%
- Energy
- 0.1%
How it has done
C000021038 share class · total returns with dividends reinvested
Volatility over the last 12 months: 22.50%. 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 Growth Opportunities Portfolio is an actively managed U.S. equity fund. 47% of VIP Growth Opportunities 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
- Features
- Non-diversified
- Expense ratio, by class
- 0.56% – 0.81%
- Portfolio turnover
- 71.00% 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.
33 new· the largest 8
28 exited· the largest 8
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.
| Floating rate | 79.1% |
| Fixed rate | 20.9% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Understand how this fund fits with the rest.
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