Fidelity Select Transportation Portfolio
FSRFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Sep 29, 1986
- CIK
- 0000320351
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Select Transportation Portfolio (FSRFX) is an open-end mutual fund that invests primarily in equity securities of companies engaged in the transportation industry, including airlines, air freight and logistics, marine transportation, ground transportation, railroads, trucking and truck leasing, as well as transportation-related services; the fund follows a fundamental, value-oriented investment approach to outperform its benchmark through active management. Top holdings as of recent data include Uber Technologies Inc. (approximately 20%), Union Pacific Corp. (16%), United Parcel Service Inc., Delta Air Lines Inc., and FedEx Corp., representing over 56% of the portfolio; sector allocation emphasizes industrials (79%) with significant exposure to technology via ride-sharing, alongside minimal non-U.S. stock (1%) and cash positions. The fund, domiciled in the United States and available for sale there, maintains total net assets of approximately $466 million, a net expense ratio of 0.69%, and no front-end or deferred loads, with a minimum initial investment of $0. Launched on September 29, 1986, and managed by Fidelity Investments from its headquarters in Boston, Massachusetts, FSRFX targets investors seeking sector-specific exposure to U.S.-centric transportation equities, predominantly mid-cap value stocks per Morningstar classification in the industrials category. Portfolio diversification spans airlines (e.g., Delta, United), railroads (e.g., Union Pacific, Norfolk Southern, CSX), package delivery (e.g., UPS, FedEx), trucking (e.g., Saia, Knight-Swift), ride-sharing (e.g., Uber, Lyft), and emerging areas like eVTOL (e.g., Joby Aviation). In recent developments, Ali Khan assumed the role of portfolio manager effective February 7, 2025, marking a key leadership transition for the fund. Portfolio composition has evolved to emphasize high-conviction positions in ride-sharing and rail amid shifting industry dynamics, with top holdings updated as of May 31, 2025, reflecting active reallocation; assets under management stood at $522 million as of the latest fund facts. No major acquisitions, funding rounds, or structural reorganizations have been reported for the fund itself within the past two years, maintaining its focus as a sector-specific vehicle within Fidelity's Select Portfolios lineup.