If you’re looking to invest where long-term growth lives, Fidelity Contrafund (FCNTX) deserves a spot on your radar.
Whether you’re a seasoned investor or just getting started, this fund brings a serious track record, trusted management, and results that go way beyond the hype.
The Contrafund is a large-cap growth mutual fund managed by Fidelity’s veteran investor Will Danoff (since 1990!). It’s designed to invest against the grain, hence the name “Contra.”
That means snapping up stocks that are underappreciated but have strong upside potential. Think of it as a contrarian play with serious discipline.
Historically, the Contrafund has been a market beater.
Over the past 10 years, its average annual returns of around 12%, outpacing the S&P 500. It may not always be flashy, but this fund is known for delivering steady, long-term growth, which is something every investor should appreciate in a choppy market.
Fidelity Contrafund isn’t shy about owning big names.
As of the latest filings, its top holdings include Meta Platforms (META), Microsoft (MSFT), Berkshire Hathaway (BRK.B), Amazon (AMZN), and Nvidia (NVDA).
So yes, it leans heavily on tech and consumer giants, but Danoff’s style is all about finding undervalued growth stories. It’s not just momentum investing; good old strategic patience.
Danoff focuses on companies with durable competitive advantages, strong balance sheets, and visionary leadership. He’s known for deep research and isn’t afraid to go heavy on a few high-conviction picks. In a world of over-diversified portfolios, Contrafund offers a focused, high-quality approach.
Investors like the Fidelity Contrafund because of its strong long-term returns and low turnover, which results in lower tax impact. It is also ideal for 401(k)s or long-term portfolios.
If you’re searching for a mutual fund that’s survived decades of market cycles, beat the benchmark, and still has room to grow, Fidelity Contrafund deserves to be on your list. It may not be the flashiest, but it’s one of the most trusted names in growth investing.
