Fidelity Select Automotive Portfolio
FSAVX
NASDAQ- -
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
- Fidelity Select Portfolios MA United States of America
- IPO Date
- Jun 30, 1986
- CIK
- 0000320351
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Select Automotive Portfolio (FSAVX) is a sector-specific mutual fund managed by Fidelity Management & Research Company LLC, focusing on the automotive industry by investing primarily in securities of companies engaged in the design, production, or sale of automobiles, trucks, tires, automotive parts, and related products and services. The fund offers investors exposure to a diversified portfolio within the consumer discretionary sector, including light vehicles, auto components, and specialty equipment manufacturers; it employs a non-diversified strategy to concentrate on high-conviction holdings while maintaining liquidity through mutual fund structure. Fidelity Select Automotive Portfolio operates globally, with investments spanning U.S. and international markets, targeting institutional and retail investors seeking sector-specific growth in the automotive value chain. Established under Fidelity's Select Portfolios series launched in the 1980s, the fund is headquartered in Boston, Massachusetts, as part of Fidelity Investments' broader family of over 400 mutual funds and ETFs. Core offerings include Class A, C, and Institutional shares with varying expense ratios and minimum investments; the fund emphasizes fundamental analysis, blending growth and value stocks from companies like Tesla Inc., General Motors Co., and auto suppliers such as Magna International Inc. and Aptiv PLC. It provides daily liquidity, professional active management, and performance benchmarking against the MSCI ACWI IMI Auto & Components Index. In recent developments within the last 1-2 years, Fidelity Select Automotive Portfolio benefited from the broader Fidelity Investments ecosystem's strategic shifts, including expanded electric vehicle (EV) and autonomous driving investments amid industry transitions; notable portfolio adjustments reflected acquisitions like the increased weighting in Rivian Automotive following its production ramps and partnerships. The fund saw no major name changes or reorganizations but aligned with Fidelity's 2024 launch of new thematic ETFs overlapping automotive themes, enhancing investor options. Additionally, Fidelity announced enhanced ESG integration across Select funds in 2025, incorporating sustainable auto manufacturing criteria without altering FSAVX's core mandate.