Fidelity Leveraged Company Stock Fund
FLVCX
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- Fidelity Leveraged Company Stock Fund (FLVCX) is an open-end mutual fund managed by Fidelity Investments that seeks capital appreciation by investing primarily in common stocks of leveraged companies, including those issuing lower-quality, high-yield debt or maintaining leveraged capital structures; it normally invests at least 80% of assets in such equities, potentially including both growth and value stocks from domestic and foreign issuers, with supplemental exposure to lower-quality debt securities. The fund operates within the large blend category, focusing on large-cap stocks with a growth tilt, and maintains a diversified portfolio across sectors such as technology (approximately 29%), industrials (21%), and financial services (13%), with top holdings including NVIDIA Corp, Meta Platforms Inc Class A, and Vistra Corp; it features a net expense ratio of 0.69%, daily pricing, and total net assets exceeding $4 billion. Launched on December 19, 2000, and domiciled in the United States, the fund is available for sale to U.S. investors with a minimum initial investment of $0, and it is headquartered with Fidelity Investments in Boston, Massachusetts. Co-managed by Mark Notkin since September 2016 and Brian Chang since October 2019, the fund targets institutional and retail investors seeking exposure to higher-risk, leveraged equity opportunities. No major acquisitions, partnerships, funding rounds, new product launches, or strategic reorganizations have been reported for the fund in the last 1-2 years; it continues to emphasize its core strategy amid strong recent performance, including top-decile returns over multiple periods as of late 2025.