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. As the manager of the magellan fund at fidelity investments between. However, in order to maintain the high level of discourse weve all. As youd expect from a growthminded manager, the sectors that dominate the fund are information. Apr 21, 2020 all fidelity contrafund historical mutual fund quotes by marketwatch. Apr 21, 2020 news, commentary and events are from thirdparty sources unaffiliated with fidelity. Fidelity contra fund fcntx stock price, quote, history. Favcf fidelity vip contrafund fidelity investments. As the manager of the magellan fund at fidelity investments between 1977 and 1990, lynch averaged a 29.
Barrons provides information on holdings, historical returns and other key fund data. During that time, fidelity s contrafund returned 12. Now is the time to own fidelity contrafund investorplace. William danoff born 195960 is a vicepresident and portfolio manager of fidelity contrafund, since 1990. Ford to drop fidelity contrafund from employee retirement. Get the lastest fund profile for fidelity contrafund inc units from zacks investment research. And its performance ranked in the top 1% of its largecap growth peers. As youd expect from a growthminded manager, the sectors that dominate the fund are information technology and healthcare.
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. 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. Apr 18, 2020 fidelity contrafund mutual fund holdings by marketwatch. Fidelity investments contrafund manager will danoff attends the second day of the sun valley conference in sun valley, idaho july 7, 2011. Fidelity contrafunds longtime star manager on why he runs money, how his. Find the latest fidelity contra fund fcntx stock quote, history, news and other vital information to help you with your stock trading and investing. Feb 08, 2018 an introduction and a discussion of the fidelity contrafund, a cornerstone of low cost, actively managed investing. 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. And its performance ranked in the top 1% of its largecap growth peers over the 15 years through feb. During that time, fidelitys contrafund returned 12. Get breaking news and analysis on fidelity contrafund fund no load fcntx stock, price quote and chart, trading and investing tools. Fidelity is unable to provide the information that you requested at this time. As the manager of the magellan fund at fidelity investments between 1977. Fidelitys danoff backs facebooks response to content.
Danoff recently marked his 24th anniversary as the manager of fidelity contrafund, the kind of tenure rarely seen in the mutual fund business. The intelligent investor, 2003, commentary on the introduction. K fcnkx stock price, news, historical charts, analyst ratings and financial information from wsj. He and fidelity s analysts and researchers identify companies in and out of the funds. Will danoff is the portfolio manager of both of the largecap stock funds and has led the contrafund to marketbeating returns since 1990. Et on the wall street journal fidelity to drop 3% load on some funds. Sign up for free newsletters and get more cnbc delivered to your inbox. 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.
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. How fidelity contrafund manager will danoff played the. He also coauthored a number of books and papers on investing and coined a number of well known mantras of modern individual investing. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from its use. Prior to joining the firm, he was a research analyst for furman selz in new york. The fidelity contrafund fcntx is managed by william danoff.
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. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. 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. Please refresh your page or retry your request at a later time. And thats one way to improve your understanding of important trends. Peter lynch born january 19, 1944 is an american investor, mutual fund manager, and philanthropist. See fund information and historical performance for the fidelity contrafund. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinionratingreport or any approach to evaluating individual securities. News, commentary and events are from thirdparty sources unaffiliated with fidelity. Fidelity contrafund mutual fund holdings by marketwatch. Relative positioning data presented in this commentary is based on. Two years ago, we pulled fidelity contrafund symbol fcntx from the kiplinger 25 and replaced it with fidelity new millennium. Fidelity contrafund symbol fcntx is a mutual fund operated and provided by fidelity investments. Fidelity contrafund manager bullish on tech, mum on wells.
Fidelity contrafund fund no load fcntx stock analysis. Find realtime fcntx fidelity contrafund fund stock quotes, company profile, news and forecasts from cnn business. Generally, data on fidelity mutual funds is provided by fmr, llc, morningstar ratings and data on nonfidelity mutual funds is provided by morningstar, inc. Please add funds by entering a symbol or go to the fund search page.
The fund seeks capital appreciation through investing in high quality growth stocks t. Its current manager is william danoff, who has headed the fund since 1990. 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. To read the most recently released quarterly commentary, click on any fund listed. View fcntx holdings data and information to see the mutual fund assets and interests. The fund is the largest solely managed active equity mutual fund in the world. Contrafund s aum assets under management as of july 2015 total over 112 billion usd. 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. Research information including fund fees, cost projections and minimum investments for fidelity contrafund fund. View the latest quote, returns and news for fidelity contrafund fcntx.
Fidelity fund quarterly commentary fidelity investments. May 28, 2015 now is a good time to own wellmanaged growth stock funds, and fidelity contrafund mutf. Joel tillinghast has actively managed the fidelity lowpriced stock fund flpsx since it was launched in 1989. Investors pull money from fidelity star will danoffs. Fcntx quote fidelity contrafund fund bloomberg markets. Will, how did the fund perform for the year ending december 31, 2019. Performance charts for fidelity contrafund fund fcntx including intraday, historical and comparison charts, technical analysis and trend lines. Contrafunds aum assets under management as of july 2015 total over 112 billion usd. Fidelity contrafund stock price, quote and news cnbc. Nasdaq realtime stock quotes, news and financial information from cnbc. The fidelity contrafund is a growth and value stock fund that focuses on generating capital gains rather than income. The legendary fidelity contrafund just bought more of these three stocks. Jul, 2017 fidelity investments star stock picker will danoff is having quite the comeback year.
Its been a hard few years, but we think john roth will be able to right the ship at new millennium. We had no qualms about contras performance or the estimable will. Get quote details and summary for fidelity contrafund fcntx. To read the most recently released quarterly commentary, click. And its performance ranked in the top 1% of its large. View historical fcntx mutual fund prices, to see mutual fund performance over time. 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. Fcntx fidelity contrafund fund mutual fund quote cnnmoney. Research current and historical price charts, top holdings, management and full profile. You havent appeared in commercials or written books or taken to twitter. Will danoff is a portfolio manager with fidelity investments and manages fidelity insights class.
Contrafund fidelity institutional asset management. Pricetobook pb ratio is the ratio of a companys current share price to. This may be due to scheduled system maintenance or an intermittent outage. Fcntx fidelity contrafund historical quotes marketwatch. 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. In a class by himself, fidelity fund manager william. 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. Fidelity contra fund fcntx performance history yahoo.
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