Fidelity Contrafund (FCNTX) has been a solid performer for a long time. The manager, Will Danoff, has managed Contrafund for more than 30 years and has been successful because he has adaped his approach as his fund aged and grown. He focuses on “best-of-breed” firms with superior earnings growth, power management teams and sustainable competitive advantages that seem beaten down or overlooked. Over the past 12 months, this fund has a 31.5% return which beat the S&P 500 return of 17.9%. Tech and communication services stocks helped the fund’s rise, such as Adobe (ADBE), Shopify (SHOP), Paypal (PYPL) and Salesforce (CRM), Amazon (AMZN) which are the top holdings of this fund.
Fidelity Contrafund info:
- Expense ratio: 0.85%
- One-year return: 31.5%
- Three-year annualized return: 18,5%
- Five-year annualized return: 17.8%
- Ten-year annualized return: 15.3%
- Best for moderate investors looking for a tamer growth fund
Top 10 Holdings (45.12% of Total Assets):
| Amazon.com Inc | AMZN | 8.92% |
| Facebook Inc A | FB | 8.22% |
| Microsoft Corp | MSFT | 5.44% |
| Berkshire Hathaway Inc Class A | BRK.A | 4.98% |
| Apple Inc | AAPL | 3.48% |
| Salesforce.com Inc | CRM | 3.46% |
| UnitedHealth Group Inc | UNH | 2.98% |
| Netflix Inc | NFLX | 2.75% |
| Adobe Inc | ADBE | 2.51% |
| Alphabet Inc A | GOOGL | 2.38% |
Sector Weightings (%):
- Basic Materials 2.15%
- Consumer Cyclical 14.21%
- Financial Services 14.07%
- Real Estate 0.24%
- Consumer Defensive 2.85%
- Healthcare 13.44%
- Utilities 0.26%
- Communication Services 20.02%
- Energy 0.32%
- Industrials 3.01%
- Technology 29.44%
Overall Portfolio Composition (%):
- Cash 2.20%
- Stocks 96.67%
- Bonds 0.01%
- Others 1.07%
- Preferred 0.05%
- Convertable 0.00%
This fund invests in domestic and foreign issuers. It invests in either “growth” stocks or “value” stocks or both. The fund uses fundamental analysis of factors such as each issuer’s financial condition and industry position, as well as market and economic conditions to select investments.
In conclusion, Fidelity Contrafund is best for moderate investors looking for a tamer growth fund.
I own Contrafund and it is a great fund.
Contrafund is the best for 401k. I own it for a long time.
Fantastic growth fund, Contrafund.
Contrafund is one of the top stock that I had own for long term.