Fidelity Contrafund K
FCNKX
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
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
- Boston, MA 02109 Boston MA United States of America 02109
- IPO Date
- May 15, 2008
- CIK
- 0000024238
- Website
- institutional.fidelity.com
- Similar Companies
- Business
- Fidelity Contrafund K (FCNKX) is an actively managed open-end mutual fund that seeks capital appreciation by investing primarily in common stocks of domestic and foreign issuers believed to be undervalued by the public, including both growth and value stocks across large-, mid-, and small-capitalization companies; it employs fundamental analysis of issuers' financial condition, industry position, market conditions, and economic factors to select securities, with a focus on large-growth stocks in the Morningstar Large Growth category. The fund offers Class K shares targeted at institutional investors and retirement plans, featuring a low expense ratio, no sales loads, and daily liquidity; its portfolio typically holds hundreds of securities, with top sectors including technology, communications, and consumer discretionary, benchmarked against the Russell 3000 Index. Launched on May 9, 2008, as a share class of the Fidelity Contrafund family—which traces its origins to 1967—it is domiciled in the United States and managed by Fidelity Management & Research Company LLC, a subsidiary of Fidelity Investments, headquartered in Boston, Massachusetts since the parent company's founding in 1946. In a significant management evolution during 2025, longstanding lead portfolio manager William Danoff, who has overseen the strategy since 1990, gained co-managers Jason Weiner and Asher Anolic on April 11, 2025, marking the first additions to the core team in over three decades and enabling oversight of the fund's substantial assets—part of the broader $280 billion Contrafund complex—while supporting a gradual succession plan without Danoff's retirement. This transition aligns with Fidelity's approach to distributing responsibilities across the massive portfolio, where the new co-managers initially handle about 10% of assets, incorporating selective opportunities in smaller-cap and international names previously constrained by scale. The fund has sustained strong performance amid these changes, ranking among the fastest-growing mutual funds in 2025 with an 8.22% year-to-date gain and a 15.88% annualized ten-year return, outperforming the S&P 500 on an alpha-adjusted basis through its contrarian growth-oriented selections.