Fidelity Low-Priced Stock Fund
FLPSX
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
- Dec 27, 1989
- CIK
- 0000081205
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Low-Priced Stock Fund (FLPSX) is an actively managed mutual fund offered by Fidelity Investments that seeks capital appreciation by investing primarily in low-priced domestic and foreign stocks of companies the portfolio manager believes are undervalued relative to their intrinsic worth. The fund's core holdings include common stocks of established companies with market capitalizations generally above $2 billion, preferred stocks, securities convertible into common stocks, and other equity securities; it may also invest up to 30% of assets in foreign securities and employ derivatives such as futures and options for hedging or risk management. Managed since inception by portfolio manager Joel Tillinghast, the fund emphasizes a value-oriented approach targeting small- and mid-cap stocks trading at low price-to-earnings or price-to-book ratios, with a focus on financials, consumer cyclicals, industrials, and technology sectors. Established in 1989 and domiciled in the United States under Fidelity Management & Research Company LLC, the fund operates globally with primary exposure to U.S. equities but extends to international markets including emerging economies. Fidelity Investments, headquartered in Boston, Massachusetts, serves as the sponsor and distributor, providing institutional and retail investors access through brokerage platforms, retirement accounts, and direct sales. The fund targets long-term investors seeking growth from undervalued opportunities, maintaining a portfolio of approximately 800-1,000 holdings to diversify risk. In recent years, the fund has undergone portfolio adjustments amid market volatility, including increased allocations to resilient value stocks during the 2022-2023 inflationary period and selective exposure to technology turnaround plays in 2024. Fidelity Investments announced enhancements to its active equity lineup in late 2024, integrating AI-driven research tools into funds like FLPSX to improve stock selection efficiency without altering the core low-priced mandate. No major mergers, acquisitions, or name changes have occurred for FLPSX in the last two years, though Fidelity completed the acquisition of several boutique asset managers in 2023 to bolster its value strategies.