Fidelity Blue Chip Growth Fund
FBGKX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- May 15, 2008
- CIK
- 0000754510
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Blue Chip Growth Fund (FBGKX) is an open-end mutual fund that seeks long-term growth of capital by investing primarily in blue chip companies, defined as well-known, established firms with large market capitalizations and strong growth potential. The fund normally allocates at least 80% of its assets to common stocks of these companies, focusing on large-cap growth equities in sectors such as technology, consumer discretionary, and communications; it employs a bottom-up fundamental analysis approach, leveraging Fidelity's global research team to identify mispriced growth opportunities with sustainable business models. Managed by Sonu Kalra since July 2009, the fund targets individual investors, retirement plans, and institutional clients through its Class K shares, which feature a low expense ratio and are available primarily via retirement platforms and advisory channels. Launched on May 9, 2008, as a share class of the broader Fidelity Blue Chip Growth Fund family (originally established in 1987 under ticker FBGRX), FBGKX is domiciled in the United States and headquartered at Fidelity Investments' main offices in Boston, Massachusetts. The fund operates within the large growth segment, with total net assets exceeding $5.85 billion for the Class K shares and broader family assets around $87 billion as of recent reports; it maintains geographic focus on U.S. equities while drawing on global insights, serving retail, institutional, and retirement markets without notable international operations. In recent developments, the Fidelity Blue Chip Growth Fund family expanded with the launch of the Fidelity Blue Chip Growth ETF (FBCG) on October 8, 2024, offering a lower-cost, actively managed exchange-traded alternative under the same portfolio management team, attracting approximately $10 billion in assets by early 2025 amid strong demand for active ETFs. Portfolio manager Sonu Kalra highlighted continued emphasis on generative AI and semiconductor holdings, contributing to Q4 2024 gains of 9.12% for retail shares, outpacing benchmarks, alongside strategic positioning in high-growth areas like Meta Platforms, Nvidia, and Uber. No major acquisitions, partnerships, or reorganizations specific to FBGKX were reported in 2024-2025, though Fidelity Investments broadly advanced its ETF offerings and active management capabilities.