Morningstar® Investment Profile™   Morningstar®
for Print
Fidelity® Contrafund® K6  FLCNX
Release date as of 2021-10-31. Data on page is subject to change.
Snapshot Total Returns Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
What is this?
As of 2021-10-31
Out of 1137
Large Growth Funds
Style Box™
What is this?
As of 2021-09-30
Total Fund Assets ($ Mil)
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks capital appreciation.
The fund normally invests primarily in common stocks. It invests in securities of companies whose value Fidelity Management & Research Company (FMR) believes is not fully recognized by the public. The fund invests in domestic and foreign issuers.
  Morningstar Category: Large Growth
Large-growth portfolios invest primarily in big U.S. companies that are projected to grow faster than other large-cap stocks. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap. Growth is defined based on fast growth (high growth rates for earnings, sales, book value, and cash flow) and high valuations (high price ratios and low dividend yields). Most of these portfolios focus on companies in rapidly expanding industries. 
Growth of $10,000
(from 2017-05-25 to 2021-10-31)
Investment: Fidelity® Contrafund® K6
Benchmark 1: S&P 500 TR USD
Benchmark 2: Russell 1000 Growth TR USD
Category: Large Growth
This graph presents historical performance for the investment as well as an index and/or peer group. If the investment, index and/or peer group have performed similarly, the line representing the fund will overlay the index and/or peer group. Therefore, the line(s) representing the index and/or peer group history may be hidden.
Total Annualized Returns %
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Investment 22.67 36.48 24.95 --- --- 21.13
S&P 500 TR USD 24.04 42.91 21.48 --- --- 17.80
Russell 1000 Growth TR USD 24.20 43.21 29.41 --- --- 24.43
Category 20.47 39.55 26.53 --- --- 21.26
Morningstar Rating --- --- --- --- ---
# of compared Large Growth funds covered (3 yrs : out of 1137 funds) (5 yrs : out of 1032 funds) (10 yrs : out of 763 funds)
Ratings reflect risk-adjusted performance and are derived from a weighted average of the performance figures associated with its three, five and ten-year (if applicable) time periods.
Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.
Fees and Expenses
Total Annual Operating Expense 0.45%
Prospectus Net Expense Ratio 0.45%
Maximum Sales Charge ---
The total annual operating expense shown is before management fee waivers or expense caps. For more information on waivers/reimbursements, please see the prospectus. The total annual operating expense is also referred to as the prospectus gross expense ratio.
Waiver Data
Type Date %
--- --- --- ---
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 91.2
Bullet Non-U.S. Stocks Non-U.S. Stocks 5.9
Bullet Bonds Bonds 0.0
Bullet Cash Cash 2.3
Bullet Other Other 0.6
Asset Allocation Rescaled Graph
Data through 2021-09-30
Morningstar Equity Sectors
% of Stocks
Cyclical 31.75
Basic Materials 1.95
Consumer Cyclical 13.50
Financial Services 16.18
Real Estate 0.12
Sensitive 53.67
Communication Services 21.15
Energy 0.14
Industrials 3.10
Technology 29.28
Defensive 14.57
Consumer Defensive 2.46
Healthcare 12.10
Utilities 0.01
Data through 2021-09-30
Holding Status
Total Number of Stock Holdings 323
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 44.82
Turnover % (as of 2020-12-31) 45.00
30 Day SEC Yield % ---
Top Holdings
Sector P/E % of Net
Meta Platforms Inc Class A 23.15 9.57 Inc 65.96 7.51
Berkshire Hathaway Inc Class A 6.44 5.21
Microsoft Corp 37.09 5.15
Apple Inc 26.70 3.42
UnitedHealth Group Inc 28.57 3.08 Inc 120.84 2.88
Alphabet Inc Class A 28.54 2.84
Alphabet Inc Class C 28.58 2.60
NVIDIA Corp 91.47 2.56
Data through 2021-09-30
  Principal Risks   
Foreign Securities, Loss of Money, Not FDIC Insured, Growth Investing, Value Investing, Issuer, Market/Market Volatility, Equity Securities
Show Risk Definitions
  Other Information
Inception Date: 2017-05-25
Portfolio Manager(s)
William Danoff   (2017-05-25)
Mr. Danoff has worked as a research analyst and portfolio manager since joining Fidelity Investments in 1986. Prior to joining the firm, he was a research analyst for Furman Selz in New York City, covering advertising stocks and special situations.
Investment Advisor(s)
Fidelity Management & Research Company LLC
Fidelity Investments
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.