Morningstar® Investment Profile™   Morningstar®
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Fidelity® VIP Contrafund Initial
Release date as of 2023-04-30. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
What is this?
As of 2023-04-30
Out of 1123
Large Growth Funds
Style Box™
What is this?
As of 2023-04-30
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 92.5
Bullet Non-U.S. Stocks Non-U.S. Stocks 4.0
Bullet Bonds Bonds 0.0
Bullet Cash Cash 2.8
Bullet Other Other 0.7
Asset Allocation Rescaled Graph
Data through 2023-04-30
Morningstar Equity Sectors
% of Stocks
Cyclical 25.19
Basic Materials 2.19
Consumer Cyclical 9.01
Financial Services 13.97
Real Estate 0.02
Sensitive 52.91
Communication Services 13.26
Energy 6.18
Industrials 5.40
Technology 28.07
Defensive 21.90
Consumer Defensive 4.22
Healthcare 17.04
Utilities 0.64
Data through 2023-04-30
Holding Status
Total Number of Stock Holdings 331
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 44.15
Turnover % (as of 2022-12-31) 38.00
30 Day SEC Yield % ---
Top Holdings
Sector P/E % of Net
Microsoft Corp 33.29 8.43
Apple Inc 28.81 6.37
Alphabet Inc Class C 24.05 5.53
Meta Platforms Inc Class A 29.78 5.10
Berkshire Hathaway Inc Class B --- 4.24
UnitedHealth Group Inc 22.51 4.18 Inc 251.07 2.84
Fidelity Revere Str Tr --- --- 2.82
Eli Lilly and Co 63.68 2.71
NVIDIA Corp 159.48 1.93
Data through 2023-04-30
  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
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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