Fidelity Capital Trust - Fidelity Capital Appreciation Fund (FDCAX) is an open-end mutual fund that seeks capital appreciation by investing primarily in common stocks of domestic and foreign issuers, including both growth and value stocks across large-cap and other market capitalizations; the fund may also hold a small portion of cash, U.S. bonds, non-U.S. bonds, or other assets. Key holdings typically include leading technology and communication services companies such as NVIDIA Corp., Microsoft Corp., Amazon.com Inc., Meta Platforms Inc., and Alphabet Inc., with sector allocations emphasizing technology, communication services, and industrials; top sectors comprise approximately 87% U.S. stocks and 12% non-U.S. stocks as of recent data. The fund targets institutional and retail investors seeking long-term equity growth, operates globally with primary exposure to U.S., Canada, developed Asia, the United Kingdom, and Eurozone markets, and maintains net assets exceeding $7 billion. Launched on November 26, 1986, it is managed by Fidelity Investments, headquartered in Boston, Massachusetts. In a recent management change, Zachary Turner assumed co-management responsibilities on April 11, 2025, bringing additional expertise to the portfolio strategy amid moderate economic growth expectations and technology sector dependence.