Fidelity Small Cap Growth Fund
FCPGX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
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
- Nov 4, 2004
- CIK
- 0000754510
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Small Cap Growth Fund (FCPGX) is an open-end mutual fund managed by Fidelity Management & Research Company LLC (FMR), a subsidiary of Fidelity Investments, that seeks capital appreciation by investing primarily in common stocks of companies with small market capitalizations (typically under $5 billion) and above-average growth potential. The fund normally invests at least 80% of assets in securities of small-cap issuers, including domestic and foreign common stocks, preferred stocks, and convertible securities; it employs fundamental analysis focusing on issuers' financial condition, industry position, market and economic conditions, and growth prospects, with a portfolio heavily weighted toward U.S. equities (over 90%), spanning sectors such as technology, healthcare, industrials, and consumer discretionary, including top holdings like Fabrinet, OSI Systems Inc., TransMedics Group Inc., Ensign Group Inc., and Credo Technology Group Holding Ltd. Launched on November 3, 2004, the fund is domiciled in the United States with share class assets of approximately $2.91 billion and total net assets of $7.23 billion as of recent data; it is headquartered in Boston, Massachusetts, through Fidelity Investments, which was founded in 1946. Portfolio managers include Patrick Venanzi, who has managed the fund since November 30, 2011, and Slava Kruzement-Prykhodko, added as co-manager on September 29, 2023, marking a key recent management enhancement to bolster the team's expertise in small-cap growth strategies. In recent quarters, the fund has executed strategic portfolio adjustments amid a positive market outlook for small-cap growth driven by anticipated Federal Reserve rate cuts; during Q3 2024, it established new positions in Merit Medical Systems (healthcare), Sunrun (industrials), Champion Homes (consumer discretionary), and OSI Systems (technology), while exiting holdings such as Super Micro Computer and MicroStrategy due to waning conviction or valuation concerns; similar shifts occurred in Q2 2024 with new investments across consumer discretionary, financials, materials, and industrials, reflecting ongoing active management to capture opportunities in resilient growth names trading at reasonable valuations. The fund targets institutional and retail investors seeking exposure to the Morningstar Small Growth category, with geographic focus primarily on the U.S. but including non-U.S. stocks (around 6%), and no reported recent mergers, acquisitions, funding rounds, or structural reorganizations specific to FCPGX itself.