Fidelity Growth Discovery Fund
FGDKX
NASDAQ- -
USD
- -
- -
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
•
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 02110
- IPO Date
- May 9, 2008
- CIK
- 0000035348
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Growth Discovery Fund (FGDKX) is an open-end mutual fund managed by Fidelity Investments that seeks capital appreciation by investing primarily in common stocks of domestic and foreign companies believed to possess above-average growth potential. The fund normally invests at least 80% of its assets in securities of growth-oriented companies, with a focus on large-cap growth stocks across sectors such as information technology, consumer discretionary, and communications services; it maintains a diversified portfolio with approximately 88% in U.S. stocks, 10% in non-U.S. stocks, and minimal allocations to cash and bonds. Available to U.S. investors through various share classes, the fund targets individual and institutional investors seeking long-term growth exposure, with net assets exceeding $700 million for the Class K shares and a total portfolio of around $6.5 billion. Launched on May 9, 2008, with Class K shares, the fund operates from Fidelity's headquarters in Boston, Massachusetts, as part of Fidelity Management & Research Company (FMR), the broader Fidelity Investments entity founded in 1946. It employs fundamental analysis of issuers' financial conditions, industry positions, and growth prospects to construct its holdings, which typically number in the hundreds and emphasize companies with market capitalizations primarily in the large-cap range. In a significant management transition during 2025, portfolio managers Jason Weiner (since February 2007) and Asher Anolic (since July 2017) departed on April 11 to oversee a portion of Fidelity Contrafund, with Fidelity veterans Daniel Kelley and Christopher Lin assuming co-manager roles effective the same date. This change maintains the fund's large-growth strategy and process continuity, as the new managers bring extensive Fidelity experience in equity growth investing. No major mergers, acquisitions, or product launches specific to FGDKX were reported in 2024 or 2025, amid Fidelity's ongoing optimizations in its equity fund lineup.