Fidelity Select IT Services Portfolio
FBSOX
NASDAQ- -
USD
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- -
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
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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
- Feb 4, 1998
- CIK
- 0000320351
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity® Select Enterprise Technology Services Portfolio (FBSOX) is an open-end mutual fund that seeks capital appreciation by investing primarily in common stocks of companies principally engaged in providing information technology services; it normally invests at least 80% of assets in securities of such issuers, including those offering data processing, cloud computing, systems integration, IT consulting, software-as-a-service, cybersecurity, and enterprise resource planning solutions. Top holdings typically include leading firms such as Mastercard Inc., Visa Inc., International Business Machines Corp., Accenture PLC, and Kyndryl Holdings Inc., with significant allocations to payment processing networks, enterprise IT consulting, and data analytics providers that comprise over 75% of the portfolio; the fund is non-diversified and employs fundamental analysis of issuers' financial condition, industry position, market trends, and economic conditions to select investments. It targets institutional and retail investors focused on the technology services sector within the broader information technology industry, with investments in both domestic and foreign issuers across North America, Europe, and select emerging markets. Launched on February 4, 1998, the fund is managed by Fidelity Management & Research Company LLC, headquartered in Boston, Massachusetts, with current lead portfolio manager Elliot Mattingly overseeing operations since January 2024. Assets under management stand at approximately $1.75 billion, with a gross expense ratio of 0.70% and a portfolio turnover rate reflecting active management strategies. In recent developments, the fund has maintained its focus on enterprise technology services amid sector evolution, with portfolio adjustments emphasizing growth in payment networks and IT infrastructure providers; as of mid-2025, it continues to benchmark against the MSCI U.S. IMI Enterprise Technology Services 25/50 Index without major structural changes such as mergers, acquisitions, or name alterations reported in the last two years. Management has navigated market volatility through selective positioning in high-conviction names like Visa and Mastercard, which together represent over 40% of assets, alongside increased exposure to data services firms amid rising demand for AI-integrated IT solutions. No significant funding rounds, strategic alliances, or new product launches specific to FBSOX have been announced recently, underscoring its steady operation within Fidelity's Select Portfolios lineup.