Morningstar® Investment Profile™   Morningstar®
Disclosure
  Format
for Print
Fidelity® VIP Contrafund Initial
Release date as of 2022-05-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2022-05-31
Out of 1142
Large Growth Funds
Morningstar®
Style Box™
What is this?
As of 2022-04-30
Total Fund Assets ($ Mil)
19,197.86
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks long-term capital appreciation.
The fund normally invests primarily in common stocks. It invests in securities of companies whose value Fidelity Management & Research Company LLC (FMR) believes is not fully recognized by the public. The fund invests in domestic and foreign issuers. It invests in either "growth" stocks or "value" stocks or both and 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.
  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. 
  Investment Risks
There are no additional fund specific investment risks (e.g. liquidity risk, currency risk, foreign investment risk, etc.) associated with this fund beyond the normal risks generally associated with investing in a mutual fund.
  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 5.0
Bullet Bonds Bonds 0.0
Bullet Cash Cash 3.3
Bullet Other Other 0.6
Asset Allocation Rescaled Graph
Data through 2022-04-30
Morningstar Equity Sectors
% of Stocks
Cyclical 30.19
Basic Materials 3.61
Consumer Cyclical 10.50
Financial Services 15.42
Real Estate 0.66
Sensitive 48.62
Communication Services 11.86
Energy 2.29
Industrials 3.94
Technology 30.53
Defensive 21.18
Consumer Defensive 4.92
Healthcare 15.62
Utilities 0.64
Data through 2022-04-30
Holding Status
Total Number of Stock Holdings 313
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 45.14
Turnover % (as of 2021-12-31) 34.00
30 Day SEC Yield % ---
Top Holdings
Sector P/E % of Net
Assets
Microsoft Corp 28.38 8.39
Alphabet Inc Class C 20.63 6.37
Apple Inc 24.20 6.10
UnitedHealth Group Inc 27.19 4.34
Amazon.com Inc 57.99 4.34
Berkshire Hathaway Inc Class B 8.54 3.95
Meta Platforms Inc Class A 14.68 3.54
Fidelity Revere Str Tr --- --- 3.30
NVIDIA Corp 50.06 2.82
Eli Lilly and Co 46.57 1.99
Data through 2022-04-30
  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: 1995-01-03
Portfolio Manager(s)
Jean Park   (2018-05-01)
Jean Park is portfolio manager and research analyst since joining Fidelity Investments in 2006. Prior to joining Fidelity Investments in 2006 as a research analyst, Ms. Park was an analyst and associate in the high-yield bond group of Goldman Sachs Asset Management.
William Danoff   (2018-05-01)
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
Issuer
Fidelity Investments
Subadvisor(s)
FMR Investment Management (U.K.) Limited
Fidelity Management & Research (Japan) Limited
Fidelity Management & Research (HK) Ltd
Show Data Definitions

© Copyright 2022 Morningstar, Inc.
All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance.
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.