Fidelity Select Technology Portfolio
FSPTX
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
FRC
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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
- Jul 14, 1981
- CIK
- 0000320351
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Select Technology Portfolio (FSPTX) is an open-end mutual fund managed by Fidelity Management & Research Company LLC that seeks capital appreciation by primarily investing in common stocks of companies principally engaged in offering, using, or developing products, processes, or services addressing technology-related needs. The fund normally invests at least 80% of its assets in securities of such technology companies, including those in sectors like software, semiconductors, internet services, and hardware; it maintains a diversified portfolio with heavy emphasis on U.S. stocks (approximately 86%), supplemented by non-U.S. equities, cash, and minimal other assets, resulting in over 93% allocation to the technology sector. Top holdings typically feature leading technology firms across market caps, with a growth-oriented style focused on large-cap names. Launched on July 14, 1981, the fund is domiciled in the United States and forms part of Fidelity Investments' Select Portfolio series, with total net assets exceeding $20.85 billion, a net expense ratio of 0.62%, and daily pricing available to investors in the U.S. market. Fidelity Investments, the parent organization founded in 1946 and headquartered in Boston, Massachusetts, oversees the fund's operations, including portfolio management currently led by Adam Benjamin since January 18, 2022. The fund targets individual and institutional investors seeking exposure to the technology industry, with geographic focus predominantly in the United States, Eurozone, developed Asia, and Canada. Recent developments include ongoing portfolio adjustments to reflect market dynamics in technology, such as shifts in sector weightings amid AI and semiconductor growth, alongside Fidelity's broader strategic enhancements in digital asset management and sustainable investing offerings across its funds. No major acquisitions, funding rounds, or structural reorganizations specific to FSPTX have been reported in the last 1-2 years; however, the fund has sustained strong performance with historical total returns reflecting technology sector volatility and gains, including quarterly updates to its holdings turnover of around 44%. Fidelity continues to emphasize low-cost access and research-driven management for this flagship sector fund.