Fidelity Select Wireless Portfolio (FWRLX) is an open-end mutual fund that normally invests at least 80% of its assets in securities of companies principally engaged in the development, production, or distribution of wireless communications services, products, or technology; companies principally engaged in the development, production, or distribution of wireless communications equipment and infrastructure; and companies principally engaged in the provision of wireless communications services. The fund focuses on the communications sector, with significant allocations to technology (54.01%) and telecommunications (27.76%), including top holdings such as Apple Inc. (18.74%), Marvell Technology Inc. (6.97%), Verizon Communications Inc. (6.79%), and American Tower Corp. (6.47%); it targets large-cap value stocks within the Morningstar Communications category. Primarily serving individual and institutional investors in the United States, the fund operates domestically with net assets of approximately $303 million and a net expense ratio of 0.71%. Launched on September 21, 2000, and domiciled in the United States, it is managed by Fidelity Investments, headquartered in Boston, Massachusetts. In July 2024, Nicole Abernethy assumed the role of portfolio manager, marking a key leadership transition for the fund. The fund continues to maintain its non-diversified investment approach with no recent reported acquisitions, funding rounds, partnerships, or structural reorganizations as of late 2025.