Fidelity Value Discovery
FVDFX
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
- Boston, MA 02109 Boston MA United States of America 02109
- IPO Date
- Dec 11, 2002
- CIK
- 0000081205
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Value Discovery Fund (FVDFX) is an open-end mutual fund managed by Fidelity Management & Research Company LLC (FMRCo), a subsidiary of Fidelity Investments, that seeks capital appreciation by investing primarily in common stocks of domestic and foreign companies deemed undervalued by the portfolio management team. The fund normally invests at least 80% of its assets in securities of value companies, focusing on large-cap equities across sectors such as technology, energy, financials, and consumer discretionary; top holdings as of recent reports include Alphabet Inc. (GOOGL; 4.13%), Exxon Mobil Corp. (XOM; 3.85%), and Bank of America Corp. (BAC; 2.87%), with additional exposure to issuers like Amazon.com Inc. (AMZN). It employs fundamental analysis of issuers' financial condition, industry position, and market opportunities to identify undervalued stocks relative to the Russell 3000 Value Index benchmark. Launched on December 10, 2002, the fund is domiciled in the United States and headquartered at Fidelity's Boston, Massachusetts facilities (245 Summer Street), operating within the large value category for retail and institutional investors seeking long-term growth through undervalued equities. Geographically, the strategy targets primarily U.S. markets but includes foreign issuers to diversify holdings. In recent developments, the fund has adjusted its sector allocations, including reductions in consumer staples, financials, and utilities during the second quarter of 2025 amid market rotations, contributing to a 2.92% gain that trailed the Russell 3000 Value Index's 3.84% advance for the period ending June 30, 2025; performance for the three months ending September 30, 2025, showed a 4.42% increase, again lagging the benchmark's 5.63%. No major acquisitions, partnerships, funding rounds, or structural changes specific to the fund have been reported in the last 1-2 years, with ongoing management emphasizing a value-oriented approach amid evolving economic conditions. The fund remains actively managed by Fidelity's team, with shares available through various retail classes and minimum initial investments starting at $0.