Fidelity Magellan
FMAGX
NASDAQ- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
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.- Similar Companies
- Business
- Fidelity Magellan Fund (FMAGX) is an actively managed large-cap growth mutual fund that seeks capital appreciation by investing primarily in common stocks of domestic and foreign issuers. The fund normally invests at least 80% of assets in common stocks, including growth stocks, value stocks, or both, selected through fundamental analysis of issuers' financial condition, industry position, market trends, and economic conditions; it maintains a diversified portfolio across market capitalizations with flexibility to allocate to high-quality growth companies benefiting from long-term mega-trends, brands, barriers to entry, and best-in-class management teams. Managed by Fidelity Management & Research Company LLC (FMR LLC), a subsidiary of FMR Corp., the fund targets long-term investors including individuals, institutions, and retirement plans, with shares offered through various classes such as Retail Class (FMAGX), Class K6, Advisor Class A, and others; it features an expense ratio of 0.68% and is benchmarked against the S&P 500 Index. Fidelity Magellan Fund was originally launched in 1963 as the Fidelity International Fund and renamed Magellan, with headquarters in Boston, Massachusetts; the fund was closed to new investors from 1965-1981 and again in September 1997 before reopening in August 2010 with a $2,500 minimum investment to accommodate broader retail participation. Sammy Simnegar serves as the lead portfolio manager since February 2019, having previously managed international strategies since 2008 and overseeing related vehicles including Fidelity Magellan ETF (launched circa 2021) and Fidelity Magellan Commingled Pool; no major acquisitions, funding rounds, partnerships, or reorganizations have been reported in the last 1-2 years, though the fund continues to evolve its flexible equity strategy amid market volatility. The fund operates primarily through U.S.-based management utilizing Fidelity's global research network, with portfolio holdings focused on U.S. large-cap equities but including foreign issuers as opportunities arise.