Fidelity Select Multimedia Portfolio
FBMPX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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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
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Fidelity Select Portfolios MA United States of America
- IPO Date
- Jun 30, 1986
- CIK
- 0000320351
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Select Communication Services Portfolio (FBMPX) is an open-end mutual fund managed by Fidelity Investments that seeks capital appreciation by investing at least 80% of its assets in securities of companies principally engaged in the development, production, sale, distribution, or operation of communication services, including interactive media and services; movies and entertainment; interactive home entertainment; advertising; cable and satellite providers; wireless communications; publishing; and broadband telecommunications services. The fund primarily holds common stocks of domestic and foreign issuers, with top holdings including Meta Platforms Inc., Alphabet Inc., Roblox Corp., Amazon.com Inc., and Walt Disney Co., representing approximately 66% of the portfolio; it is non-diversified, focuses on large-cap blend stocks in the communications sector, and employs fundamental analysis of issuers' financial conditions, industry positions, market trends, and economic conditions. Available to U.S. investors with a net expense ratio of 0.67%, the fund distributes dividends and capital gains semiannually in April and December, maintains total net assets of around $2.5 billion, and exhibits a portfolio turnover rate of 83%. Incepted on June 30, 1986, and headquartered in Boston, Massachusetts, the fund previously operated as Fidelity Select Multimedia Portfolio before rebranding to reflect its emphasis on the communication services sector amid evolutions in media, streaming, and digital interactivity. It targets individual and institutional investors seeking sector-specific exposure to communication services, with geographic operations centered in the United States (approximately 97% of assets in U.S. stocks) and minor allocations to non-U.S. equities. Recent changes include a portfolio manager transition in 2024, with Priyanshu Bakshi appointed as lead manager effective July 26, 2024, following prior co-management arrangements; this shift supports strategic positioning in high-growth areas like streaming content platforms (e.g., Netflix, Disney), live sports entertainment (e.g., TKO Group, Liberty Media), and interactive media amid rising demand for premium video and subscriber growth. The fund has delivered strong performance, with year-to-date returns exceeding 30% as of late 2025, reflecting overweight positions in outperforming sub-industries such as interactive media and services. No major acquisitions, funding rounds, or structural reorganizations have been reported for the fund itself in the past 1-2 years, as it operates within Fidelity's established mutual fund platform.