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Fidelity Contrafund Q3 2026 Commentary (FCNTX)

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Fidelity Investments 1.03K Followers

Summary

For the quarter, the fund's Retail Class shares gained 2.80%.

Significant investment in the global build-out of artificial-intelligence infrastructure meaningfully boosted equities.

Strong adoption of META's new Muse AI agent propelled the stock.

SPCX shares sharply declined from midyear through July, with investors seemingly concerned about the company's hefty investments in AI.

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Performance Review

For the quarter, the fund's Retail Class shares gained 2.80%, topping the 2.30% advance of the benchmark S&P 500® index and the 1.13% result of the peer average. Stocks overcame renewed conflict between the U.S. and Iran, higher oil prices, a surge

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Fidelity Investments 1.03K Followers

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