Morningstar® Investment Profile™   Morningstar®
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Fidelity VIP Contrafund Initial
Release date as of 2024-04-30. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
What is this?
As of 2024-04-30
Out of 1109
Large Growth Funds
Style Box™
What is this?
As of 2024-03-31
Total Fund Assets ($ Mil)
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 94.8
Bullet Non-U.S. Stocks Non-U.S. Stocks 3.2
Bullet Bonds Bonds 0.0
Bullet Cash Cash 1.3
Bullet Other Other 0.7
Asset Allocation Rescaled Graph
Data through 2024-03-31
Morningstar Equity Sectors
% of Stocks
Cyclical 25.26
Basic Materials 1.57
Consumer Cyclical 10.37
Financial Services 13.04
Real Estate 0.28
Sensitive 56.88
Communication Services 15.86
Energy 1.97
Industrials 7.55
Technology 31.50
Defensive 17.85
Consumer Defensive 2.59
Healthcare 14.70
Utilities 0.56
Data through 2024-03-31
Holding Status
Total Number of Stock Holdings 328
Total Number of Bond Holdings 1
% of Net Assets in Top 10 Holdings 50.38
Turnover % (as of 2023-12-31) 30.00
30 Day SEC Yield % ---
Top Holdings
Sector P/E % of Net
Microsoft Corp 33.74 8.82
Meta Platforms Inc Class A 24.75 8.10
NVIDIA Corp 72.42 7.33
Alphabet Inc Class C 25.25 5.53 Inc 49.02 4.41
Berkshire Hathaway Inc Class B 8.96 4.27
Eli Lilly and Co 117.11 3.95
Apple Inc 26.49 3.86
UnitedHealth Group Inc 29.53 2.39
Regeneron Pharmaceuticals Inc 25.62 1.72
Data through 2024-03-31
  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
Fidelity Investments
FMR Investment Management (U.K.) Limited
Fidelity Management & Research (Japan) Limited
Fidelity Management & Research (HK) Ltd
Show Data Definitions

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