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What Fidelity Funds Recently Bought and Sold

Fidelity is the second largest mutual fund manager with $1.9 trillion in assets, according to Lipper. During 2015, Fidelity pulled in $24 billion of fresh money; more details can be found in this content on the SNL platform. (SNL, like S&P Global Market Intelligence, is owned by McGraw Hill Financial.)

According to the Capital IQ database and using the December 31, 2015 13-F filing, Fidelity increased the stake in 11 of its 20 largest equity positions, while reducing the share count of the remainder. Information technology remained the largest overall sector exposure, at 22% of assets, as management across various portfolios meaningfully bought shares in four tech heavyweights. During the fourth quarter, the share count of Facebook (FB) Fidelity's largest position, increased 4.0%. Meanwhile, Alphabet (GOOGL) Microsoft (MSFT), and salesforce.com (CRM) rose 13%, 22%, and 4%, respectively.

During the third quarter, the share count for FB and MSFT both declined, while GOOGL increased.

In contrast, within health care, the share count for Gilead Sciences (GILD) declined 6.9% in the fourth quarter, consistent with the modest selling that took place throughout the year.

In contrast, American Funds was a seller of GOOGL.

S&P Global Market Intelligence provides rankings and research on more than 20,000 mutual fund shares classes based on an analysis of the future potential performance of the underlying holdings, as well as performance, risk and cost factors. Not surprisingly when looking at the largest Fidelity equity mutual funds, there remains exposure to many of these top positions.

Fidelity Contrafund (FCNTX), a large-cap growth fund, has top-10 holdings in FB, GOOGL, SBUX and WFC.

Meanwhile Fidelity Blue Chip Growth Fund (FBGRX), another large-cap growth fund, has top-10 positions in CRM, FB, GILD and GOOGL.

Follow me @ToddSPGlobal to keep up with mutual fund and ETF trends. 

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