Fidelity Contrafund
Fidelity Contrafund (FCNTX) is an actively managed U.S. large-cap growth mutual fund managing over $100 billion in assets, distributed through Fidelity's platform, workplace 401(k) plans, and IRA accounts to retail investors and retirement savers.
- Company typePublic
- Founded1967
- HeadquartersBoston, United States
- Headcount5,001–10,000
- GTM typeB2C
- OfferingServices
What Fidelity Contrafund does
Fidelity Contrafund is an actively managed U.S. large-cap growth mutual fund (ticker FCNTX) launched in 1967 and operated under FMR LLC within the Fidelity Investments family. The fund invests in publicly traded equities with strong earnings momentum and balance sheets, benchmarked against the S&P 500 index. It manages over $100 billion in assets under management and is currently led by longtime manager Will Danoff alongside co-managers Asher Anolic and Jason Weiner, who were added in late 2025 as part of a succession transition.
The fund generates revenue through a standard annual expense ratio charged on AUM, deducted from investor returns, with no transaction fees on Fidelity's platform. Distribution is multi-channel: Fidelity's proprietary fund screener and brokerage, workplace 401(k) plans, and self-directed IRA and brokerage accounts. Primary customer segments are retail investors and workplace retirement plan participants, with secondary reach into retirees and financial-advisor-recommended accounts.
Notable holdings include SpaceX as the fifth-largest position, providing indirect private-market exposure that pre-dated SpaceX's June 2025 IPO. The fund holds a 5-star Morningstar rating and was recognized across multiple 2026 IBD Best Mutual Funds categories. In Q1 2026 it returned -5.39%, underperforming the S&P 500 (-4.33%) but outperforming the Morningstar large-growth peer average (-8.44%) and ranking in the 13th percentile of category.
Fidelity Contrafund firmographics
Firmographics- Name
- Fidelity Contrafund
- Legal name
- Fidelity Contrafund
- Website
- https://fundresearch.fidelity.com
- Company type
- Public
- Founded year
- 1967
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Fidelity Contrafund (FCNTX) is an actively managed U.S. large-cap growth mutual fund managing over $100 billion in assets, distributed through Fidelity's platform, workplace 401(k) plans, and IRA accounts to retail investors and retirement savers.
- Ownership category
- akta.pro rank
Fidelity Contrafund industry classification
Industry- Product category
- Active Equity Mutual Fund
- NAICS
- Open-End Investment Funds (52591), Open-End Investment Funds (525910), Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Broad Market Equity ETFs (FSAAAFAA)
Keywords
Where Fidelity Contrafund is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Markets served
Fidelity Contrafund business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Management Fees: Fidelity Contrafund generates revenue through management fees charged as an expense ratio. The fund charges an annual expense ratio for managing the portfolio, which is deducted from investor returns. This is the standard revenue model for actively managed mutual funds.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Standard mutual fund with expense ratio |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
Fidelity Contrafund product offering
Product offeringCore offering
Fidelity Contrafund (FCNTX) is an actively managed large-cap growth mutual fund that invests primarily in stocks of companies with strong earnings momentum and balance sheets, benchmarked against the S&P 500 index. The fund seeks long-term capital appreciation through professional active management of a diversified equity portfolio exceeding $100 billion in assets under management, and includes holdings such as SpaceX.
Product overview
Fidelity Contrafund is a single actively managed mutual fund product. It is a large-cap growth fund that invests in equities with the goal of outperforming the S&P 500 benchmark. The fund is managed by a team led by Asher Anolic and Jason Weiner following the succession of legendary manager Will Danoff. As of Q1 2026, the fund held approximately $100 billion in assets and SpaceX as its fifth-largest position.
Differentiator
Problem solved
Functional benefit
Products and services
- Fidelity Contrafund (FCNTX)
Quantifiable outcome
- Consistently outperformed S&P 500 benchmark over decades under Will Danoff's management
- +1 more outcomes
Companies that use Fidelity Contrafund
Customer profileSegments3 records
Ideal customer profiles2 records
Fidelity Contrafund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Fidelity Contrafund partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights3 records
Fidelity Contrafund competitors and assessment
Company assessmentDirect peers
- TIAA-CREF Large-Cap Growth Fund: TIAA-CREF Large-Cap Growth Fund (TILRX) is an actively managed large-cap growth mutual fund with strong penetration in academic and nonprofit retirement plans. It competes with Contrafund for retirement-plan allocations from institutional and retail investors.
- Dodge & Cox Stock Fund: Dodge & Cox Stock Fund (DODGX) is a large-cap value-oriented mutual fund that competes with Fidelity Contrafund for retirement-plan and retail investor allocations, offering an active management alternative with a long-term outperformance track record.
- American Funds Growth Fund of America: American Funds Growth Fund of America (AGTHX) is one of the largest actively managed large-cap growth mutual funds and a default option in many workplace retirement plans. It competes directly with Fidelity Contrafund for retirement-plan menu slots and retail investors seeking actively managed growth exposure.
- T. Rowe Price Blue Chip Growth Fund: T. Rowe Price Blue Chip Growth Fund (TRBCX) is an actively managed large-cap growth mutual fund that, like Fidelity Contrafund, pursues long-term capital appreciation through concentrated growth-stock selection. Both funds compete head-to-head for the same retail and retirement-plan investors seeking active large-cap growth exposure.
- JPMorgan Large Cap Growth Fund: JPMorgan Large Cap Growth Fund (JLGMX) is an actively managed large-cap growth mutual fund from JPMorgan Asset Management that competes directly with Fidelity Contrafund for retirement-plan menu inclusion and retail investor capital.
- Columbia Large Cap Growth Fund: Columbia Large Cap Growth Fund (MSIGX) is an actively managed large-cap growth mutual fund that competes with Fidelity Contrafund for retail and retirement-plan investors seeking benchmark-beating growth exposure.
- Franklin Growth Fund: Franklin Growth Fund (FKGRX) is an actively managed large-cap growth mutual fund with a multi-decade history. It competes with Fidelity Contrafund for retail and retirement-plan investors seeking long-term growth through active stock selection.
- Vanguard 500 Index Fund: Vanguard 500 Index Fund (VFIAX) is a passive large-cap equity mutual fund tracking the S&P 500. While not actively managed, it serves as the primary low-cost benchmark alternative that Contrafund must outperform, and it competes for the same 401(k) and IRA allocations.
Broad incumbents
- BlackRock Equity Dividend Fund: BlackRock Equity Dividend Fund (MDDVX) is part of BlackRock's broad actively managed mutual fund lineup. While more dividend-focused than Contrafund, it competes for the same retail and retirement-plan allocations within BlackRock's extensive distribution network.
Emerging players
- Hartford Schroders Sustainable US Equity Fund: Hartford Funds offers actively managed large-cap equity mutual funds that compete with Fidelity Contrafund for retirement-plan menu slots and retail investors seeking active management alternatives to passive index funds.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks4 records
Key highlights6 records
Customer concentration
Fidelity Contrafund social profiles
Digital presenceFidelity Contrafund financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fidelity Contrafund leadership team
Management profileNumber of profiles
Profiles3 records
Fidelity Contrafund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fidelity Contrafund M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fidelity Contrafund
What does Fidelity Contrafund do?
Fidelity Contrafund (FCNTX) is an actively managed large-cap growth mutual fund that invests primarily in stocks of companies with strong earnings momentum and balance sheets, benchmarked against the S&P 500 index. The fund seeks long-term capital appreciation through professional active management of a diversified equity portfolio exceeding $100 billion in assets under management, and includes holdings such as SpaceX.
Is Fidelity Contrafund a public or private company?
Fidelity Contrafund is a public company. It is classified as public and is currently operating.
When was Fidelity Contrafund founded?
Fidelity Contrafund was founded in 1967. It employs 5,001 to 10,000 people.
Where is Fidelity Contrafund based?
Fidelity Contrafund is headquartered in Boston, United States, in the North America region.
How does Fidelity Contrafund make money?
One revenue line is on record: management Fees.
Who are Fidelity Contrafund's main competitors?
Direct peers on record are TIAA-CREF Large-Cap Growth Fund, Dodge & Cox Stock Fund, American Funds Growth Fund of America, T. Rowe Price Blue Chip Growth Fund, JPMorgan Large Cap Growth Fund, Columbia Large Cap Growth Fund, Franklin Growth Fund and Vanguard 500 Index Fund. BlackRock Equity Dividend Fund is listed as a broad incumbent. Hartford Schroders Sustainable US Equity Fund is listed as an emerging player.
Does Fidelity Contrafund have an API?
No public API is recorded for Fidelity Contrafund.
What industry is Fidelity Contrafund in?
Fidelity Contrafund's product category is Active Equity Mutual Fund. Its primary akta.pro industry code is FSAAAFAA, Broad Market Equity ETFs. Its NAICS code is 52591 and its SIC code is 6282.