Fidelity Advisor Large Cap Fund
FIDLX
NASDAQ Global Market- -
USD
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- -
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
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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
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Feb 9, 2017
- CIK
- 0000722574
- Similar Companies
- Business
- Fidelity Advisor Large Cap Fund (Class Z: FIDLX) is a large-blend mutual fund managed by Fidelity Management & Research Company LLC that seeks long-term growth of capital by normally investing at least 80% of assets in securities of companies with large market capitalizations similar to those in the Russell 1000 Index or S&P 500 Index; it invests in either growth stocks, value stocks, or both, primarily through common stocks of domestic and foreign issuers across sectors including information technology, industrials, financials, health care, and energy. The fund offers multiple share classes including Class A (FALAX), Class C (FLCCX), Class M (FALGX), Class I (FALIX), and Class Z (FIDLX), with net expense ratios ranging from 0.70% for Class Z to 1.84% for Class C; top holdings as of September 30, 2025, include NVIDIA Corp, Microsoft Corp, Wells Fargo & Co, GE Aerospace, and Boeing Co, comprising approximately 43.94% of total net assets of $2.00 billion. Founded in 1996 with headquarters in Smithfield, Rhode Island, the fund primarily serves U.S. investors through brokerage platforms and retirement accounts, with portfolio management led by Matthew Fruhan since October 2005. In a major strategic reorganization approved by shareholders on October 15, 2025, Fidelity Advisor Large Cap Fund merged into Fidelity Large Cap Stock Fund effective November 21, 2025, creating new Advisor share classes (e.g., Class A: FLAFX, Class Z: FLAZX) within the acquiring fund to maintain substantially similar investment objectives and strategies while achieving lower expenses of approximately 5-7 basis points per class and greater scale. This merger, part of Fidelity's broader equity fund consolidation efforts, closed the fund to new accounts prior to the hard close on November 20, 2025, with no taxable event for shareholders; post-merger, the combined strategy continues under the same management team, emphasizing attractive earnings and dividend yield potential in large-cap core equities. Additional recent operational changes include a management contract amendment effective March 1, 2024, incorporating administrative services like transfer agent and pricing fees into a unified structure with performance-adjusted rates, alongside fixed-rate transitions in late 2023.