Fidelity Select Energy Service Portfolio
FSESX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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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
- Dec 16, 1985
- CIK
- 0000320351
- Similar Companies
- Business
- Fidelity Select Energy Service Portfolio (FSESX) is an actively managed open-end mutual fund offered by Fidelity Investments that primarily invests in securities of companies engaged in energy service-related activities, including providers of equipment and services used in oil, natural gas, and other energy exploration, production, refining, and distribution; top holdings include SLB N.V. (18.59%), Baker Hughes Company (13.19%), Halliburton Company (6.63%), Cactus, Inc. (5.98%), and ChampionX Corporation, representing approximately 69.64% of total assets. The fund targets the energy services segment of the broader energy industry, focusing on domestic and international firms principally involved in drilling, well completion, pressure pumping, hydraulic fracturing, and related support services for upstream oil and gas operations. It maintains a portfolio concentrated in U.S. stocks with some exposure to non-U.S. equities, cash equivalents, and minimal other assets, with net assets of approximately $264.25 million, a yield of 3.03%, and a gross expense ratio of 0.91%. Fidelity Select Energy Service Portfolio operates within Fidelity Investments' suite of sector-specific Select Portfolios, serving individual and institutional investors seeking targeted exposure to energy services subsector performance; it is available primarily to U.S. investors through brokerage platforms, retirement accounts, and direct Fidelity channels. Geographically, the fund invests across U.S., Canadian, and select international markets, reflecting the global nature of energy service providers. Headquartered in Boston, Massachusetts, Fidelity Investments, the fund's sponsor and investment manager, was founded in 1946 and manages the portfolio from its principal executive offices at 82 Devonshire Street. The fund, which commenced operations on December 16, 1985, continues to be managed under Fidelity's equity research framework, with portfolio management focused on fundamental analysis of energy service companies amid evolving market dynamics such as geopolitical tensions, tariff policies, and interest rate shifts impacting the sector in 2025. No major mergers, acquisitions, or strategic reorganizations specific to FSESX have been announced in the last 1-2 years, though Fidelity Investments has pursued sector fund updates and policy adjustments across its lineup, including prospectus supplements in 2025 related to investment policies for comparable Select funds. Recent performance reflects year-to-date returns of 28.54% as of late 2025, driven by security selection in a volatile energy environment influenced by new U.S. administration priorities.