- Sector
- Healthcare
- Industry
- Medical - Care Facilities
- Address
- Fidelity Select Portfolios MA United States of America
- IPO Date
- Jun 30, 1986
- Business
- Fidelity Select Health Care Services Portfolio (FSHCX) is a mutual fund that normally invests at least 80% of its assets in securities of companies principally engaged in the ownership or management of hospitals, nursing homes, health maintenance organizations (HMOs), and other entities specializing in the delivery of health care services; it invests primarily in common stocks of domestic and foreign issuers engaged in health care providers, managed care organizations, pharmaceutical distributors, medical device firms, and related services. Top holdings include UnitedHealth Group Inc. (approximately 20%), The Cigna Group (11%), CVS Health Corp. (9-10%), McKesson Corp., Cencora Inc., HCA Healthcare Inc., Centene Corp., Encompass Health Corp., Molina Healthcare Inc., and Elevance Health Inc., representing over 50% of the portfolio; the fund employs fundamental analysis of issuers' financial condition, industry position, market trends, and economic conditions for security selection and is classified as non-diversified within the health sector, with nearly all assets (99%) in U.S. stocks. Launched on June 30, 1986, the fund is domiciled and headquartered in the United States as part of Fidelity Investments' select sector portfolios, targeting investors seeking concentrated exposure to health care services subindustry, including providers, insurers, distributors, and support services across primarily North American markets. In recent developments, Harrison Kenner became the sole portfolio manager effective June 29, 2025, following the departure of co-manager Justin Segalini; the fund maintained net assets around $800 million with a net expense ratio of 0.67% amid sector underperformance in health care services stocks during 2025.