Morningstar

Fidelity Contrafund FCNTX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Fidelity Investment Hub

Morningstar’s Analysis FCNTX

Will FCNTX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FCNTX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FCNTX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FCNTX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Meta-heavy.

Strategist Robby Greengold

Robby Greengold

Strategist

Summary

We have qualitatively reviewed this strategy and reaffirmed its Process and People ratings. The exceptional skill of Fidelity Contrafund’s portfolio manager outweighs the disadvantages of its massive asset base, and it has been helped recently by a sizable position in Meta Platforms. The remainder of this analysis is from Feb. 5, 2024.

by Robby Greengold
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