Fidelity Select Banking Portfolio
FSRBX
NASDAQ- -
USD
- -
- -
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
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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 Banking Portfolio (FSRBX) is a mutual fund that seeks capital appreciation by investing primarily in common stocks of companies principally engaged in banking activities. The fund normally invests at least 80% of its assets in securities of domestic and foreign banking issuers, utilizing fundamental analysis of factors such as each issuer's financial condition, industry position, market conditions, and economic trends to select investments; it is non-diversified and may focus on higher-quality companies measured by return on equity to drive growth and manage risk. Assets under management stand at approximately $438 million, with an expense ratio of 0.73% and a portfolio turnover rate of around 48%. Managed by Fidelity Investments since its inception on June 30, 1986, the fund is headquartered in Boston, Massachusetts, and targets investors seeking exposure to the banking sector within the broader finance industry. The portfolio emphasizes U.S.-listed equities, with about 76.9% allocated to stocks and an average market capitalization of $57 billion among holdings; top sectors include banking sub-industries such as diversified banks, regional banks, and financial services, with investments spanning both large-cap and select foreign issuers. It provides sector-specific exposure to banking operations like commercial lending, deposit-taking, investment banking, and related financial services offered by institutions ranging from money center banks to regional players. Current portfolio management is led by Matt Reed, who has overseen the fund since September 2016, maintaining a focus on banking sector opportunities amid interest rate fluctuations and regulatory environments. No major structural changes, such as acquisitions, funding rounds, name changes, or reorganizations, have been reported in the last 1-2 years; the fund continues its longstanding strategy without significant strategic shifts, partnerships, or new product launches, reflecting stability in its operations as of late 2025.