Fidelity Contrafund - Class K (FCNKX)

Fidelity Contrafund Fund Class K is a large-cap growth mutual fund designed to seek capital appreciation by investing mainly in equities of companies that the fund’s advisers believe are undervalued or not fully recognized by the public. This actively managed fund employs a flexible investment strategy, targeting both domestic and foreign issuers across multiple sectors, with a particular emphasis on large U.S. companies projected to outpace broader market growth. Notable holdings consistently include leading technology, communication, and consumer companies such as Meta Platforms, Berkshire Hathaway, NVIDIA, Amazon.com, and Microsoft, reflecting a preference for firms with strong growth prospects and resilient business models. The fund is widely regarded for its long-term performance, often outperforming its benchmark, the S&P 500, and comparable peers within the large growth category. With net assets among the largest in its class and a moderate expense ratio, Fidelity Contrafund Fund Class K holds significant influence in the mutual fund landscape, providing institutional and retirement investors efficient access to a diversified portfolio of growth-oriented equities.