Fidelity Advisor Equity Growth Fund Class I (EQPGX) is an open-end mutual fund that seeks capital appreciation by investing primarily in equity securities of companies believed to possess above-average growth potential. The fund normally invests at least 80% of its assets in common stocks of domestic and foreign issuers, with a focus on large-cap growth stocks across sectors such as information technology, communication services, consumer discretionary, financials and health care; top holdings typically include NVIDIA Corp., Microsoft Corp., Meta Platforms Inc., Amazon.com Inc. and Alphabet Inc., representing approximately 35% of the portfolio. Managed by Fidelity Investments, the fund is classified in the Morningstar Large Growth category, benchmarks against the Russell 3000 Growth Index and maintains a portfolio turnover rate of around 52%, with total net assets exceeding $12 billion.
Launched on November 22, 1983, the fund is domiciled in the United States with institutional share class operations available primarily to U.S. investors through financial intermediaries; it features a net expense ratio of 0.67%, no front-end or deferred loads and a minimum initial investment of $0 for certain accounts. The portfolio allocates predominantly to U.S. stocks (91%), supplemented by non-U.S. equities (8%), cash equivalents and minor bond holdings. Fidelity Investments, headquartered in Boston, Massachusetts, serves as the investment manager and distributor.
In April 2025, the fund underwent a significant management transition as portfolio managers Jason Weiner and Asher Anolic departed to oversee a portion of Fidelity Contrafund, with Fidelity veterans Daniel Kelley and Christopher Lin assuming responsibility effective April 11, 2025; this change maintained the strategy's Above Average People rating from Morningstar while adjusting the Process rating to Above Average. The fund reported portfolio assets of $12.3 billion as of June 30, 2025, reflecting stable operations amid market volatility. No major acquisitions, funding rounds or product launches were noted in the past two years.