Fidelity Contrafund Year to Date Portfolio Breakdown and Analysis

As of the latest update, Fidelity Contrafund has made significant strides in the market, with a year-to-date return of 13.15%. This impressive performance can be attributed to the fund's diversified portfolio, which includes a mix of established and emerging companies.

The fund's top holdings include Amazon, Microsoft, and Alphabet, which have contributed significantly to its overall returns. These tech giants have been major drivers of growth in the market, and their inclusion in the Contrafund portfolio has been a key factor in its success.

With a focus on long-term growth, Fidelity Contrafund has taken a contrarian approach to investing, seeking out undervalued companies with strong growth potential. This strategy has paid off, as the fund has consistently outperformed its peers in the large-cap growth category.

The fund's sector allocation is also noteworthy, with a significant weighting towards the technology sector, which has been a major driver of growth in the market. This sector allocation has helped the fund to capitalize on the strong performance of tech stocks.

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Fidelity Contrafund's expense ratio is a notable aspect of its performance and fees. The fund's expense ratio is 0.39%, which is 60% lower than its category average, making it an A grade.

This low expense ratio is a significant advantage for investors, as high annual fees can reduce returns. Active management often comes with higher expense ratios than passive index management.

Fidelity Contrafund has a portfolio turnover rate of 16%, which is relatively low compared to the Large Growth category average of 46%. This indicates that the fund holds its assets for around 0.1 years.

Here's a breakdown of Fidelity Contrafund's fees:

As you can see, Fidelity Contrafund's expense ratio is significantly lower than its category average, which can help investors save money in the long run.

The Fidelity Contrafund is a long-term investment, with its manager, William Danoff, at the helm since 1990. Danoff graduated from Harvard University in 1982 and earned a master's degree and MBA from the University of Pennsylvania.

The fund's investment objective is to achieve capital appreciation by picking good growth and value stocks that are not well-known to the public. It focuses on best-of-breed companies with strong free cash flows, above-average returns on capital, and strong management teams.

Through bottom-up fundamental analysis, the fund's management identifies companies poised for sustained earnings growth that isn't reflected in the stock's price.

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When evaluating the financial health of an investment, one key metric to consider is the Net Income Ratio. In the case of FCNTX, the Net Income Ratio is a negative 0.26%.

FCNTX's Net Income Ratio is significantly lower than the Category Low of -6.13%. This suggests that FCNTX is performing poorly compared to its peers in this category.

The Category High for Net Income Ratio is 3.48%, and FCNTX is far below this threshold. This indicates that FCNTX is not only underperforming compared to its peers but also trailing behind the industry average.

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Here's a comparison of FCNTX's Net Income Ratio to its category peers:

FCNTX's Net Income Ratio is ranked 45.22% in its category, which is a relatively low ranking. This suggests that FCNTX is not only underperforming financially but also trailing behind its peers in terms of profitability.

The Fidelity Contrafund's goal is to achieve capital appreciation by picking good growth and value stocks that are not recognized by the public.

William Danoff, the fund's manager since 1990, focuses on identifying companies with strong free cash flows, above-average returns on capital, and strong management teams.

The fund's management uses bottom-up fundamental analysis to identify companies poised for sustained, above-average earnings growth not reflected in the stock's price.

Danoff's background in securities analysis and portfolio management since joining Fidelity in 1986 has likely contributed to his expertise in making informed investment decisions.

Through his experience and education, Danoff has developed a keen eye for spotting undervalued companies with strong growth potential.

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Fidelity Contrafund's top 10 holdings are a significant part of its overall portfolio. These holdings represent 49.14% of the fund's assets as of Dec. 31, 2021.

Here are the top 10 holdings with their percentage weightings within the fund:

The top 10 holdings account for a significant portion of the fund's assets, with a combined weighting of 56.94% as of Dec. 31, 2021.

The top 10 holdings in a fund can give you a good idea of its overall investment strategy. The Contrafund, for example, has a top 10 holdings list that includes Meta Platforms Class A (META) with a significant 9.7% of the fund's assets.

Meta Platforms Class A is closely followed by Amazon Inc. (AMZN) with 7.8% of the fund's assets. Microsoft Corp. (MSFT) is also a major holding, making up 6.5% of the fund's assets.

Berkshire Hathaway Class A (BRK.A) and Apple Inc. (AAPL) are also notable holdings, making up 5.9% and 3.8% of the fund's assets, respectively.

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Here's a breakdown of the top 10 holdings in the Contrafund, based on the data from December 31, 2021:

The stock geographic breakdown is a crucial aspect of understanding a fund's holdings. The data shows that 94% of the fund's weighting is allocated to the US market.

This is a significant concentration of assets in one region. The remaining 3.63% is allocated to non-US markets.

Breaking it down further, we can see that the US market has a much higher return potential, with a return high of 123.52%. In contrast, the non-US market has a return high of 75.46%.

Here's a summary of the stock geographic breakdown:

This breakdown gives us a clear picture of the fund's geographic allocation.

The expense ratio of Fidelity Contrafund is a key factor to consider. It measures how much of the fund's assets are used for administrative expenses and operating expenses, including adviser fees and fees for transfer agent and custodial services.

The expense ratio of Fidelity Contrafund is a very low 0.39%, which is 60% lower than its category average. This is a significant advantage for investors, as high annual expense ratios can reduce your rate of return.

Fidelity Contrafund's portfolio turnover rate is also relatively low, at 16%. This means the fund holds its assets for around 0.1 years, which can help minimize expenses and maximize returns.

Here's a breakdown of Fidelity Contrafund's fees:

Fidelity Contrafund's operational fees are a crucial aspect to consider when evaluating the fund's overall performance. The expense ratio is a key component of these fees, and it's essential to understand how it compares to the category average. Fidelity Contrafund's expense ratio is a relatively low 0.39%, which is 60% lower than its category average.

This low expense ratio is a significant advantage for investors, as high annual expense ratios can reduce your rate of return. In fact, Fidelity Contrafund's expense ratio is so low that it earns an A grade in this category. To put this into perspective, the average portfolio turnover for the Large Growth category is 46%, but Fidelity Contrafund's turnover rate is a relatively low 16%.

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Here's a breakdown of Fidelity Contrafund's operational fees:

As you can see, Fidelity Contrafund's management fee is also 0.39%, which is relatively low compared to the category average. The 12b-1 fee, which is used to pay for marketing and distribution costs, is not applicable to Fidelity Contrafund.

Sales fees can be a significant expense for investors, and it's essential to understand the different types and their associated costs.

The FCNTX fund has no front-load fees, which means you won't pay a commission when you buy shares. However, the deferred-load fees are another story.

Here's a breakdown of the deferred-load fees for the FCNTX fund:

These fees may seem low, but they can add up over time, especially if you're investing a significant amount of money.

Distributions are an important aspect of understanding fees and expenses.

The YTD Total Return is a relatively low 0.8%. This suggests that the investment hasn't performed exceptionally well over the past year.

The 3 Yr Annualized Total Return is 12.9%, which is a more significant gain. However, the 5 Yr Annualized Total Return is even higher at 16.9%.

A Capital Gain Distribution Frequency of None means that no capital gains distributions are made, which can be beneficial for tax purposes.

Here are the key distribution statistics in a concise table:

The Dividend Yield is a relatively low 0.1%, indicating that the investment generates minimal income from dividends.

The Fidelity Contrafund is a mutual fund that invests in large U.S. companies, including tech giants like Apple and Amazon.

Here are some key details about the fund:

The Fidelity Contrafund has had a significant impact on the market in recent years. As of 2024, the fund's return has been 30.7%.

In terms of ranking, the fund's performance has been impressive. According to the data, the fund's return in 2023 was 33.1%, ranking it 47.58% in its category.

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The fund's performance has not always been consistent, however. In 2022, the fund's return was -35.6%, with a rank of 59.37% in its category.

Let's take a look at the fund's performance over the past few years in the table below:

It's worth noting that the fund's performance can vary significantly from year to year.

Fidelity Contrafund's sector allocation is a crucial aspect of its overall investment strategy. The fund is heavily weighted in Technology, with a 25.38% allocation.

A closer look at the sector breakdown reveals that Technology is the largest sector in the fund, followed by Financial Services, Communication Services, and Healthcare. Consumer Cyclical and Industrials also have notable allocations.

Here's a breakdown of the top sectors in the fund as of Feb. 28, 2022:

The fund's sector allocation is worth considering when evaluating its performance and suitability for your investment goals.

Asset allocation is a crucial aspect of sector allocation, and it's interesting to see how different asset classes can impact your overall portfolio.

Stocks make up a significant 97.62% of the asset allocation, with a return low of 0.00% and a return high of 123.52%.

The remaining 2.38% is divided among preferred stocks, cash, other, convertible bonds, and bonds.

Cash has a return high of 173.52% and a FCNTX % rank of 40.15%, making it a relatively stable option.

Other assets, on the other hand, had a return low of -36.56% and a FCNTX % rank of 76.20%.

Here's a breakdown of the asset allocation:

Sector Allocation is a crucial aspect of any investment portfolio, and it's essential to understand how different sectors are allocated within a fund. For instance, the Contrafund has a significant allocation to the technology sector, with 29.37% of its weighting as of February 28, 2022.

The Contrafund's top sectors also include Communications Services, Financials, and Consumer Discretionary, which together account for 58.92% of its total weighting. This is a notable concentration of assets in a relatively small number of sectors.

Here's a breakdown of the Contrafund's sector allocation:

This allocation is quite different from the fund's sector breakdown in the Technology sector, which is also the largest sector in the Contrafund.