FECNTX

About FECNTX

Fidelity Contrafund is a prominent actively managed mutual fund recognized for its large-cap growth investing strategy. Since its inception in 1967, the fund has evolved from its original contrarian mandate to become one of the largest actively managed equity funds in the United States, often playing a core role in diversified portfolios, including retirement accounts and 401(k) plans. Fidelity Contrafund primarily seeks long-term capital appreciation by investing in both domestic and foreign equities, with a focus on companies whose growth prospects are not yet fully reflected in their current market valuations. The management team emphasizes investing in "best-of-breed" businesses that demonstrate strong competitive positioning, robust free cash flow, high returns on capital, and responsible governance. As of 2025, its portfolio is concentrated in leading technology and consumer companies such as Meta Platforms, Berkshire Hathaway, Nvidia, Amazon, and Microsoft, while also maintaining selective exposure to private firms. With over $160 billion in assets under management, Contrafund leverages extensive fundamental research and collaboration within Fidelity’s global network to identify durable growth opportunities, making it a central vehicle for investors seeking exposure to established and dynamic market leaders.