Fidelity VIP Contrafund℠ fund
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Fund Overview
Advisor
Fidelity Management & Research Company LLC
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 12/31/2023
Fund Inception
04-30-2007
First Available for Variable Annuity
04-30-2007
First Available for Variable Life
06-30-2011
Net Assets
$20.58 Billion
Top 10 Portfolio Holdings % of Net Assets
Microsoft Corp.
Meta Platforms, Inc. - Class A
Alphabet, Inc. - Class A
Apple, Inc.
NVIDIA Corp.
Berkshire Hathaway, Inc. - Class B
Amazon.com, Inc.
Eli Lilly & Co.
UnitedHealth Group, Inc.
Costco Wholesale Corp.
Total % of Net Assets
49%
Sector Weightings % of Equities
Information Technology
30.7%
Communication Services
14.8%
Health Care
14.8%
Financials
13.1%
Consumer Discretionary
9.0%