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Last updated: Jul 30, 2025, 3:12 AM ET

Fidelity Blue Chip Growth Fund Q4 2024 Commentary

SeekingAlphaFeb 5, 2025 9:10 AM EST
Fidelity Blue Chip Growth Fund Q4 2024 Commentary

2025-02-05 09:10:00 ET

Summary

  • The fund's Retail Class shares gained 9.12% this quarter, outperforming the Russell 1000® Growth Index's 7.07% gain, driven by strong U.S. large-cap growth stocks.
  • Key contributors included Marvell Technology and AppLovin, while underweights in Tesla and Broadcom detracted from relative performance.
  • The fund's largest investments are in information technology and consumer discretionary sectors, with significant overweights in Nvidia, Alphabet, and Facebook parent Platforms.
  • Looking ahead to 2025, the fund remains focused on companies with competitive advantages, pricing power, and strong management, despite geopolitical and economic risks.

PERFORMANCE SUMMARY

Cumulative

Annualized

3

Month

YTD

1

Year

3

Year

5

Year

10 Year/ LOF 1

Fidelity Blue Chip Growth Fund ( FBGRX ) Gross Expense Ratio: 0.47% 2

9.12%

39.70%

39.70%

10.19%

21.64%

18.10%

Russell 1000 Growth Index

7.07%

33.36%

33.36%

10.47%

18.96%

16.78%

Morningstar Fund Large Growth

5.39%

28.96%

28.96%

6.74%

15.42%

14.02%

% Rank in Morningstar Category (1% = Best)

--

--

7%

15%

3%

3%

# of Funds in Morningstar Category

--

--

1,088

1,020

952

748

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For further details see:

Fidelity Blue Chip Growth Fund Q4 2024 Commentary

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