Fidelity Select Industrials Portfolio
FCYIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
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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
- Fidelity Select Portfolios MA United States of America
- IPO Date
- Feb 28, 1997
- CIK
- 0000320351
- Similar Companies
- Business
- Fidelity Select Industrials Portfolio (FCYIX) is an open-end mutual fund that seeks capital appreciation by investing primarily in common stocks of companies engaged in the research, development, manufacture, distribution, supply, or sale of industrial products, services, or equipment; electrical components or equipment; industrial machinery and components; agricultural machinery and equipment; commercial printing services; and business support services related to human capital management, office supplies, and commercial data processing. The fund normally invests at least 80% of its assets in securities of such issuers, including domestic and foreign companies, and employs fundamental analysis of issuers' financial condition, industry position, and market and economic conditions to select investments; it is non-diversified with a portfolio turnover rate of approximately 32% and total assets under management of around $835 million as of mid-2025. Top holdings typically include GE Aerospace, GE Vernova Inc., Howmet Aerospace Inc., Boeing Co., and Parker-Hannifin Corp., representing over 29% of the portfolio, with primary sector exposure to industrials (over 93%), a minor allocation to technology, and nearly all assets in U.S. stocks. Fidelity Select Industrials Portfolio (FCYIX), part of Fidelity Investments' Select Portfolios series managed from headquarters in Boston, Massachusetts, was launched on March 3, 1997. The fund targets institutional and retail investors seeking sector-specific exposure to the U.S. industrials market, including sub-sectors like aerospace & defense, industrial machinery & supplies, heavy electrical equipment, and construction machinery. In recent developments, the fund is scheduled for a reorganization and merger into Fidelity Advisor Industrials Fund, with the transaction expected on or about October 17, 2025, following prospectus supplements filed in July 2025; new positions in FCYIX ceased after October 16, 2025. Portfolio management saw David Wagner assume lead responsibility in June 2023, with the fund posting a fiscal year gain of 13.64% ending February 28, 2025, outperforming its MSCI U.S. IMI Industrials 25/50 Index benchmark; positioning emphasized overweights in aerospace & defense and industrial machinery amid economic normalization. No major acquisitions, funding rounds, or product launches were reported for the fund itself in the last 1-2 years, though portfolio adjustments included significant stakes in spinoffs like GE Vernova and reductions in underperforming areas such as environmental services.