Fidelity VIP Contrafund fund
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Fund Overview
Advisor
Fidelity Management & Research Company
Subadvisor
FRM Co., Inc.
Objective/Focus:
Normally invests primarily in common stocks. Seeks long-term capital appreciation.
Asset Class:
Large-Cap Stocks
Style:
Blend
Stocks of smaller or newer companies, such as those held in this Fund, are more likely to realize more substantial growth as well as suffer more significant losses than larger or more established issuers. Investments in such companies can be both more volatile and more speculative.
Investing in small company stocks involves a greater degree of risk than investing in medium or large company stocks. Their securities may also trade less frequently and in lower volumes, making market prices more volatile.
Fund Facts as of 12/31/2022
Fund Inception
04-30-2007
First Available for Variable Annuity
04-30-2007
First Available for Variable Life
06-30-2011
Net Assets
$16.87 Billion
Top 10 Portfolio Holdings % of Net Assets
Microsoft Corp.
Apple, Inc.
UnitedHealth Group, Inc.
Alphabet, Inc. - Class C
Berkshire Hathaway, Inc. - Class B
Eli Lilly & Co.
Meta Platforms, Inc. - Class A
Amazon.com, Inc.
Regeneron Pharmaceuticals, Inc.
Costco Wholesale Corp.
Total % of Net Assets
39.4%
Sector Weightings % of Equities
Information Technology
25.3%
Health Care
19.0%
Financials
13.4%
Communication Services
10.7%
Consumer Discretionary
8.5%