Fidelity Select Software & IT Services Portfolio
FSCSX
NASDAQ- -
USD
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- -
Capital Structure
FRC
•
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
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Fidelity Select Portfolios MA United States of America
- IPO Date
- Jul 29, 1985
- CIK
- 0000320351
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Select Software and IT Services Portfolio (FSCSX) is an open-end mutual fund that seeks capital appreciation by investing at least 80% of its assets in securities of companies engaged in the research, design, development, production, or distribution of products or processes related to software or other information-based services; this includes companies providing software applications, software-as-a-service (SaaS), enterprise resource planning, cybersecurity, cloud computing, data analytics, electronic design automation, and IT consulting services. Top holdings typically feature leading firms such as Microsoft Corp. (approximately 25%), Salesforce Inc., Palo Alto Networks Inc., Oracle Corp., and Intuit Inc., representing over 40% of the portfolio, with primary sector exposure to technology (over 94%) focused on U.S. large-cap growth stocks. The fund, domiciled in the United States and available for sale to U.S. investors, maintains total net assets of approximately $10.45 billion, a net expense ratio of 0.62%, and no front-end or deferred loads, with daily pricing and a minimum initial investment of $0. Headquartered in Boston, Massachusetts, as part of Fidelity Investments, the portfolio was launched on July 29, 1985. It primarily targets institutional and individual investors seeking growth in the software and IT services sector, with geographic operations concentrated in the United States (over 97% of assets), minor exposures to Canada and the Eurozone, and a focus on large-cap companies. In a recent management change, Kevin Francfort assumed the role of portfolio manager effective December 20, 2024, bringing expertise in software and gaming sectors from his prior roles at Fidelity Management and Research Company. The fund continues to emphasize growth-oriented strategies amid evolving IT landscapes, with no reported acquisitions, funding rounds, partnerships, or product launches specific to the portfolio in the last 1-2 years.