Prior to joining the firm, he was a research analyst for furman selz in new york. Two years ago, we pulled fidelity contrafund symbol fcntx from the kiplinger 25 and replaced it with fidelity new millennium. To read the most recently released quarterly commentary, click. Generally, data on fidelity mutual funds is provided by fmr, llc, morningstar ratings and data on nonfidelity mutual funds is provided by morningstar, inc. Apr 18, 2020 fidelity contrafund mutual fund holdings by marketwatch. Portfolio manager will danoff is disappointed that the fund fell slightly short of its benchmark in 2019, but he remains confident that he and the fidelity research team can continue to identify attractive investments as they seek to achieve performance that is consistent with the funds favorable longerterm track record. And thats one way to improve your understanding of important trends. Contrafund fidelity institutional asset management.
Fcntx quote fidelity contrafund fund bloomberg markets. The legendary fidelity contrafund just bought more of these three stocks. Contrafund s aum assets under management as of july 2015 total over 112 billion usd. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinionratingreport or any approach to evaluating individual securities. As youd expect from a growthminded manager, the sectors that dominate the fund are information technology and healthcare. Danoff has worked as a research analyst and portfolio manager since joining fidelity investments in 1986. View fcntx holdings data and information to see the mutual fund assets and interests. Comanagers will danoff and jean park are pleased that the fund topped its benchmark in 2019, and remain confident that, working with the fidelity research. Contrafunds aum assets under management as of july 2015 total over 112 billion usd. This may be due to scheduled system maintenance or an intermittent outage. Research information including fund fees, cost projections and minimum investments for fidelity contrafund fund. When the whole market sells off 10% or 15%, im looking to buy the very best companies that have pulled back with the market, said will danoff, manager of fidelity contrafund. Fidelity is unable to provide the information that you requested at this time.
Ford to drop fidelity contrafund from employee retirement. Will danoff is a portfolio manager with fidelity investments and manages fidelity insights class. Investors pull money from fidelity star will danoffs. Get quote details and summary for fidelity contrafund fcntx. Favcf fidelity vip contrafund fidelity investments. The fidelity contrafund is a growth and value stock fund that focuses on generating capital gains rather than income. Find the latest fidelity contra fund fcntx stock quote, history, news and other vital information to help you with your stock trading and investing. Fidelity and its representatives may have a conflict of interest in the products or services mentioned in this material because they have a financial interest in them, and receive compensation, directly or indirectly, in connection with the management, distribution, andor servicing of these products or services, including fidelity. Generally, data on fidelity mutual funds is provided by fmr, llc, morningstar ratings and data on non fidelity mutual funds is provided by morningstar, inc. Please add funds by entering a symbol or go to the fund search page. News, commentary and events are from thirdparty sources unaffiliated with fidelity. He also coauthored a number of books and papers on investing and coined a number of well known mantras of modern individual investing.
Will danoff is the portfolio manager of both of the largecap stock funds and has led the contrafund to marketbeating returns since 1990. Fidelity fund quarterly commentary fidelity investments. Fidelity contra fund fcntx performance history yahoo. Distribution yield is the trailing 12month end yield morningstar computes this figure by summing the trailing 12months income distributions and dividing the sum by the last months ending net asset value nav, plus capital gains distributed over the same time period. Now is the time to own fidelity contrafund investorplace. Relative positioning data presented in this commentary is based on. Et on the wall street journal fidelity to drop 3% load on some funds. We had no qualms about contras performance or the estimable will. Fidelity contra fund fcntx stock price, quote, history. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from its use. Fidelity contrafund stock price, quote and news cnbc. K fcnkx stock price, news, historical charts, analyst ratings and financial information from wsj. Fidelity contrafund is an opportunistic, diversified equity strategy with a largecap growth bias.
Pricetobook pb ratio is the ratio of a companys current share price to. Jul, 2017 fidelity investments star stock picker will danoff is having quite the comeback year. Fcntx fidelity contrafund fund mutual fund quote cnnmoney. Current and historical performance performance for fidelity contra fund on yahoo finance. View historical fcntx mutual fund prices, to see mutual fund performance over time. Fidelity contrafund fund no load fcntx stock analysis. In a class by himself, fidelity fund manager william. The manager of a contra fund bets against the prevailing market trends by buying assets that are either underperforming or depressed at that point in time. And its performance ranked in the top 1% of its largecap growth peers.
Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Research current and historical price charts, top holdings, management and full profile. Joel tillinghast has actively managed the fidelity lowpriced stock fund flpsx since it was launched in 1989. Fidelity contrafund manager bullish on tech, mum on wells. Will, how did the fund perform for the year ending december 31, 2019. Its been a hard few years, but we think john roth will be able to right the ship at new millennium. You havent appeared in commercials or written books or taken to twitter.
How fidelity contrafund manager will danoff played the. Fidelitys danoff backs facebooks response to content. Fidelity contrafunds longtime star manager on why he runs money, how his definition of edge has evolved, the best way to engage with analysts and. Fidelity contrafund symbol fcntx is a mutual fund operated and provided by fidelity investments. View the latest quote, returns and news for fidelity contrafund fcntx. Fcntx fidelity contrafund historical quotes marketwatch. Nasdaq realtime stock quotes, news and financial information from cnbc.
During that time, fidelity s contrafund returned 12. Oct 18, 2016 fidelity investments contrafund manager will danoff l and liberty media ceo greg maffei r attend the second day of the sun valley conference in sun valley, idaho july 7, 2011. As youd expect from a growthminded manager, the sectors that dominate the fund are information. As the manager of the magellan fund at fidelity investments between. Fidelity contrafund mutual fund holdings by marketwatch. Top fidelity stock picker will danoff beat the drum for big tech stocks in his latest quarterly commentary but stayed silent on the unauthorized accounts scandal surrounding wells. The fund is the largest solely managed active equity mutual fund in the world.
Its current manager is william danoff, who has headed the fund since 1990. As the manager of the magellan fund at fidelity investments between 1977. Distribution yield is the trailing 12month end yield morningstar computes this figure by summing the trailing 12months income distributions and dividing the sum by the last months ending net asset. The intelligent investor, 2003, commentary on the introduction. Peter lynch born january 19, 1944 is an american investor, mutual fund manager, and philanthropist.
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Find realtime fcntx fidelity contrafund fund stock quotes, company profile, news and forecasts from cnn business. However, in order to maintain the high level of discourse weve all. May 28, 2015 now is a good time to own wellmanaged growth stock funds, and fidelity contrafund mutf. The fidelity contrafund fcntx is managed by william danoff. See fund information and historical performance for the fidelity contrafund. And its performance ranked in the top 1% of its large. Performance charts for fidelity contrafund fund fcntx including intraday, historical and comparison charts, technical analysis and trend lines. Sign up for free newsletters and get more cnbc delivered to your inbox. Please refresh your page or retry your request at a later time. Apr 21, 2020 news, commentary and events are from thirdparty sources unaffiliated with fidelity.
Barrons provides information on holdings, historical returns and other key fund data. And its performance ranked in the top 1% of its largecap growth peers over the 15 years through feb. Portfolio manager will danoff is disappointed that the fund fell slightly short of its benchmark in 2019, but he remains confident that he and the fidelity research. Danoff recently marked his 24th anniversary as the manager of fidelity contrafund, the kind of tenure rarely seen in the mutual fund business. During that time, fidelitys contrafund returned 12. He and fidelity s analysts and researchers identify companies in and out of the funds. Get the lastest fund profile for fidelity contrafund inc units from zacks investment research. The fund seeks capital appreciation through investing in high quality growth stocks t. William danoff born 195960 is a vicepresident and portfolio manager of fidelity contrafund, since 1990. Fidelity investments contrafund manager will danoff attends the second day of the sun valley conference in sun valley, idaho july 7, 2011. Apr 21, 2020 all fidelity contrafund historical mutual fund quotes by marketwatch. Get breaking news and analysis on fidelity contrafund fund no load fcntx stock, price quote and chart, trading and investing tools. To read the most recently released quarterly commentary, click on any fund listed. As the manager of the magellan fund at fidelity investments between 1977 and 1990, lynch averaged a 29.