Fidelity Founders Fund
FIFNX
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
- Feb 22, 2019
- CIK
- 0000819118
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Founders Fund (FIFNX) is an actively managed open-end mutual fund that seeks capital appreciation by investing primarily in equity securities of founder-involved companies, defined as those where a founder serves on the senior management team or board of directors at the time of initial purchase; the fund employs quantitative analysis for growth potential, valuation, liquidity, and risk, complemented by fundamental analysis of issuers' financial condition, industry position, and market conditions. It focuses on large-growth stocks, with top sector allocations including information technology (30.50%), consumer discretionary (19.08%), and communication services (16.16%), and holds approximately 146-147 positions, including Microsoft Corporation, NVIDIA Corporation, Meta Platforms, Inc., Amazon.com, Inc., and Alphabet Inc., alongside recent additions such as Circle Internet Group, Inc. and Chime Financial, Inc.. The fund offers daily pricing and liquidity to U.S. investors through retail and institutional share classes, with a net expense ratio of 0.77%, minimum initial investment of $0 (basic/IRA/custodial), and total net assets of approximately $211-$219 million as of late 2025. Part of Fidelity Concord Street Trust, the fund operates within the large growth category and targets individual and institutional investors seeking exposure to high-growth, founder-led enterprises across U.S. and global markets. It is domiciled in the United States with administrative operations at 245 Summer Street, Boston, Massachusetts, the headquarters of Fidelity Investments, which was founded in 1946. Geographically, the fund invests globally but is available primarily to U.S. investors, with no leveraged, inverse, or interval fund characteristics. Launched on February 14, 2019, under initial management by Daniel Kelley, the fund underwent a significant portfolio management transition effective September 30, 2025, with Thomas Williams succeeding Kelley as sole portfolio manager following a co-management period ending that date; Williams, who joined Fidelity in 2014 and brings 18 years of industry experience, also manages the related Fidelity Institutional Asset Management (FIAM) Founders strategy. This change supports Kelley's expanded responsibilities at Fidelity Investments Canada and aligns with the fund's consistent founder-focused philosophy, amid ongoing portfolio evolution reflected in new holdings. No recent acquisitions, partnerships, funding rounds, or product launches specific to the fund were reported, though Fidelity Investments broadly reported elevated M&A activity in wealth management during Q1 2025.